10-K · April 30, 2026
Enhabit, Inc. displays a strategic focus on clear operational goals and integration following its separation from Encompass Health Corporation. Financial performance over the last three years shows modest revenue growth…
Earnings analysis · 10-Q
EHAB earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Enhabit, Inc. reported a net service revenue of $264.8 million in Q1 2026, reflecting a 1.9% increase from $259.9 million in Q1 2025. The company achieved a net income attributable to Enhabit, Inc. of $19.2 million, up…
Read full summary
Enhabit, Inc. reported a net service revenue of $264.8 million in Q1 2026, reflecting a 1.9% increase from $259.9 million in Q1 2025. The company achieved a net income attributable to Enhabit, Inc. of $19.2 million, up 7.9% year-over-year. Despite revenue growth, the company faced margin pressures with operating income improving significantly by 84.3% year-over-year, but still indicates ongoing operational challenges, reflected in the fluctuations in EPS across quarters.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $19.2
What stood out
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Revenue Growth
Net service revenue increased 1.9% to $264.8 million compared to $259.9 million in Q1 2025.
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Increased Net Income
Net income attributable to Enhabit rose 7.9% to $19.2 million from $17.8 million a year ago.
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Improved Operating Income
Operating income surged 84.3% to $29.3 million from $15.9 million in Q1 2025.
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Decreased General Expenses
General and administrative expenses fell by 10.0% to $96.7 million, down from $107.5 million a year ago.
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Strong Free Cash Flow
Achieved free cash flow of $35.2 million, significantly higher than $17.9 million in Q1 2025.
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Segment Growth in Hospice
The Hospice segment grew by 6.2%, driving up net service revenue to $63 million from $59.3 million.
What to watch
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Regulatory Risks
Changes in Medicare reimbursement rates continue to affect revenue; Medicare revenue fell 6.8% in the Home Health segment.
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Litigation Concerns
Ongoing litigation risks remain regarding the merger which could impact operations.
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High Operating Costs
Increased cost of services in the Hospice segment by 8.6% puts pressure on margins despite revenue growth.
Management's outlook
Management anticipates EPS to be between $0.10 and $0.25 for the upcoming quarters.
Earlier filings 4
10-K · March 5, 2026
Enhabit reported FY2025 revenue of $1,060.0M (up 2.4% YoY) with a near‑break even GAAP result (net loss attributable to Enhabit, Inc. of $(4.6)M, or $(0.09) per share). Management delivered positive operating income of…
10-Q · August 7, 2025
Enhabit reported Q2 net service revenue of $266.1 million, up 2.1% versus $260.6 million a year ago, driven by a 19.4% increase in Hospice revenue. Consolidated operating income improved to $16.7 million (up 49.1% YoY)…
10-K · March 6, 2025
Enhabit positions itself as a leading U.S. home health and hospice provider with a footprint of 255 home health and 115 hospice locations across 34 states (as of December 31, 2024). For fiscal 2024 Net service revenue…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.