PFHO · PACIFIC HEALTH CARE ORGANIZATION INC
Pacific Health Care Organization, Inc., together with its subsidiaries, operates as a workers' compensation cost containment company in the United States. It engages in managing and administering health care organizations (HCOs) and medical provider networks (MPNs). The company also provides utilization review, medical case management, medical case management, medical bill review, employee advocate, expert witness testimony, and Medicare set-aside services, as well as workers' compensation carve-outs. It serves insurers, third party administrators, self-administered employers, municipalities, and other industries. The company was formerly known as Clear Air, Inc. and changed its name to Pacific Health Care Organization, Inc. in January 2001. Pacific Health Care Organization, Inc. was incorporated in 1970 and is based in Irvine, California.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.83 |
| SO | 12.8M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 12.8M |
| MC | $10.6M |
| Cash | $2.4M |
| Total debt | — |
| EV | $8.2M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.3x |
| EV / EBITDA | 9.3x |
| MC / Net Income | 8.2x |
| EV / FCF | 7.9x |
| MC / FCF | 10.2x |
| Ownership & coverage | |
|---|---|
| Institutional | 0.0% |
| Insiders | 78.9% |
| # Institutions | 0 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | — |
| Days to cover | — |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-04-30. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest shown as "—" when unreported or older than 60 days.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 1.50 | 1.58 | 1.59 | 1.73 |
| Revenue YoY % | (17.7%) | (2.6%) | 5.7% | 12.0% |
| Gross Profit | 0.35 | 0.37 | 0.39 | 0.53 |
| Gross Profit YoY % | (29.6%) | (28.8%) | 17.0% | 34.8% |
| Gross Margin % | 23.6% | 23.1% | 24.6% | 30.8% |
| SG&A | 0.18 | 0.19 | 0.19 | 0.23 |
| Operating Income | 0.17 | 0.18 | 0.21 | 0.30 |
| Operating Income YoY % | (45.1%) | (46.7%) | 35.3% | 58.1% |
| Operating Margin % | 11.5% | 11.2% | 12.9% | 17.6% |
| EBITDA | 0.18 | 0.18 | 0.21 | 0.31 |
| EBITDA Margin % | 11.9% | 11.6% | 13.2% | 17.9% |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income / (Expense) | — | — | — | 0.59 |
| Pretax Income | 0.27 | 0.28 | 0.31 | 0.90 |
| Tax Provision | 0.07 | 0.05 | 0.09 | 0.26 |
| Net Income | 0.19 | 0.24 | 0.22 | 0.64 |
| Net Margin % | 12.9% | 14.9% | 14.1% | 36.9% |
| Diluted EPS | $0.02 | $0.02 | $0.02 | $0.05 |
| Basic EPS | $0.02 | $0.02 | $0.02 | $0.05 |
| Diluted Avg Shares | 12.8 | — | 12.8 | 12.8 |
| Basic Avg Shares | 12.8 | — | 12.8 | 12.8 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 6.39 | 6.72 | 6.07 | 5.63 | 5.74 |
| Revenue YoY % | (4.8%) | 10.7% | 7.7% | (2.0%) | — |
| Gross Profit | 1.64 | 1.77 | 1.58 | 1.30 | 1.37 |
| Gross Profit YoY % | (7.2%) | 12.0% | 21.9% | (5.6%) | — |
| Gross Margin % | 25.7% | 26.3% | 26.0% | 23.0% | 23.9% |
| SG&A | 0.78 | 0.77 | 0.73 | 0.62 | 0.71 |
| Operating Income | 0.86 | 1.00 | 0.85 | 0.68 | 0.67 |
| Operating Income YoY % | (14.2%) | 17.4% | 25.7% | 1.9% | — |
| Operating Margin % | 13.4% | 14.9% | 14.1% | 12.1% | 11.6% |
| EBITDA | 0.88 | 1.03 | 0.89 | 0.72 | 0.70 |
| EBITDA Margin % | 13.8% | 15.3% | 14.6% | 12.7% | 12.2% |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income / (Expense) | 0.90 | 0.90 | — | — | — |
| Pretax Income | 1.76 | 1.89 | 1.26 | 1.09 | 0.69 |
| Tax Provision | 0.47 | 0.51 | 0.38 | 0.32 | 0.20 |
| Net Income | 1.29 | 1.39 | 0.88 | 0.77 | 0.49 |
| Net Margin % | 20.2% | 20.7% | 14.6% | 13.6% | 8.6% |
| Diluted EPS | $0.11 | $0.11 | $0.07 | $0.06 | $0.04 |
| Basic EPS | $0.11 | $0.11 | $0.07 | $0.06 | $0.04 |
| Diluted Avg Shares | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 |
| Basic Avg Shares | 12.8 | 12.8 | 12.8 | 12.8 | 12.8 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 2.40 | 2.17 | 2.18 | 2.16 |
| Receivables | 1.07 | 1.01 | 1.02 | 1.09 |
| Other Current Assets | 10.23 | 10.21 | 10.03 | 9.97 |
| Total Current Assets | 13.69 | 13.39 | 13.23 | 13.22 |
| Net PPE | 0.05 | 0.05 | 0.04 | 0.05 |
| Total Assets | 13.77 | 13.46 | 13.29 | 13.31 |
| Accounts Payable | 0.21 | 0.23 | 0.19 | 0.15 |
| Other Current Liabilities | — | — | — | 0.55 |
| Total Current Liabilities | 0.50 | 0.39 | 0.45 | 0.70 |
| Total Liabilities | 0.50 | 0.39 | 0.45 | 0.70 |
| Retained Earnings | 12.84 | 12.65 | 12.41 | 12.19 |
| Total Equity | 13.27 | 13.07 | 12.84 | 12.62 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 2.40 | 2.17 | 2.07 | 2.49 | 2.04 |
| Receivables | 1.07 | 1.01 | 1.03 | 1.02 | 0.94 |
| Other Current Assets | 10.23 | 10.21 | 9.24 | 8.06 | 8.92 |
| Total Current Assets | 13.69 | 13.39 | 12.34 | 11.57 | 11.90 |
| Net PPE | 0.05 | 0.05 | 0.05 | 0.08 | 0.10 |
| Operating Lease ROU | — | — | 0.00 | 0.06 | 0.05 |
| Total Assets | 13.77 | 13.46 | 12.43 | 11.75 | 12.05 |
| Accounts Payable | 0.21 | 0.23 | 0.15 | 0.16 | 0.26 |
| Current Lease Liabilities | — | — | 0.00 | 0.04 | 0.04 |
| Other Current Liabilities | — | — | 0.60 | 0.73 | — |
| Total Current Liabilities | 0.50 | 0.39 | 0.75 | 0.94 | 0.71 |
| Long-term Lease Liabilities | — | — | 0.00 | 0.01 | 0.01 |
| Total Liabilities | 0.50 | 0.39 | 0.75 | 0.95 | 0.74 |
| Retained Earnings | 12.84 | 12.65 | 11.26 | 10.37 | 10.89 |
| Total Equity | 13.27 | 13.07 | 11.69 | 10.80 | 11.32 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 0.19 | 0.24 | 0.22 | 0.64 |
| D&A | 0.01 | 0.01 | 0.01 | 0.01 |
| Δ Working Cap & Other | 0.03 | 0.11 | (0.20) | (0.19) |
| Operating Cash Flow | 0.23 | 0.35 | 0.02 | 0.46 |
| CapEx | 0.00 | (0.01) | (0.00) | 0.00 |
| Other Investing | — | — | — | (0.66) |
| Investing Cash Flow | 0.00 | (0.32) | (0.00) | (0.66) |
| Dividends Paid | — | (0.04) | (0.00) | — |
| Financing Cash Flow | 0.00 | (0.04) | (0.00) | (0.00) |
| Free Cash Flow | 0.23 | 0.34 | 0.02 | 0.46 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 1.29 | 1.39 | 0.88 | 0.77 | 0.49 |
| D&A | 0.02 | 0.02 | 0.03 | 0.04 | 0.03 |
| Δ Working Cap & Other | (0.25) | (0.25) | (0.24) | 0.13 | 0.18 |
| Operating Cash Flow | 1.06 | 1.16 | 0.68 | 0.93 | 0.71 |
| CapEx | (0.01) | (0.02) | (0.01) | (0.02) | (0.04) |
| Other Investing | (0.97) | (0.97) | (1.12) | 0.82 | (8.72) |
| Investing Cash Flow | (0.98) | (0.99) | (1.13) | 0.81 | (8.76) |
| Dividends Paid | — | (0.04) | 0.00 | (1.28) | 0.00 |
| Financing Cash Flow | (0.04) | (0.07) | 0.04 | (1.28) | 0.00 |
| Free Cash Flow | 1.04 | 1.14 | 0.67 | 0.91 | 0.67 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | 27.58 | 34.45 | 29.17 | 18.93 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 0.04 | 0.03 | 0.04 | 0.06 |
| EBITDA Margin % | 11.9% | 11.6% | 13.2% | 17.9% |
| Working Capital | 13.20 | 13.00 | 12.77 | 12.52 |
| Net Debt | — | — | — | — |
| ROE % | 1.5% | 1.8% | 1.7% | 5.0% |
| ROA % | 1.4% | 1.7% | 1.7% | 4.8% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 27.58 | 34.45 | 16.54 | 12.36 | 16.78 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 0.04 | 0.03 | 0.06 | 0.09 | 0.06 |
| EBITDA Margin % | 13.8% | 15.3% | 14.6% | 12.7% | 12.2% |
| Working Capital | 13.20 | 13.00 | 11.59 | 10.64 | 11.19 |
| Net Debt | — | — | — | — | — |
| ROE % | 9.7% | 10.6% | 7.6% | 7.1% | 4.4% |
| ROA % | 9.4% | 10.3% | 7.1% | 6.5% | 4.1% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-02 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2026-05-27 | P | 65,258 | $1.00 | $65,258 |
| 2024-06-28 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-26 | P | 6,000 | $0.94 | $5,640 |
| 2024-06-28 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-26 | P | 2,500 | $0.96 | $2,400 |
| 2024-06-28 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-26 | P | 10,000 | $0.98 | $9,800 |
| 2024-06-28 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-26 | P | 2,499 | $0.99 | $2,474 |
| 2024-06-24 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-24 | P | 4,500 | $0.87 | $3,915 |
| 2024-06-24 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-24 | P | 1,500 | $0.95 | $1,425 |
| 2024-06-24 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-20 | P | 270 | $0.75 | $202 |
| 2024-06-07 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-06 | P | 15,860 | $0.83 | $13,164 |
| 2024-06-07 | KUBOTA TOM | Director, Officer (CEO & President), 10% Owner | 2024-06-06 | P | 140 | $0.79 | $111 |