Viemed Healthcare (VMD)


Market Price (8/18/2026): $9.105 | Market Cap: $348.2 MilSector: Health Care | Industry: Life Sciences Tools & Services

Viemed Healthcare (VMD)


Market Price (8/18/2026): $9.105
Market Cap: $348.2 Mil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%

Attractive yield
FCF Yield is 8.4%

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Remote Patient Monitoring, Telehealth Platforms, Show more.

Weak multi-year price returns
2Y Excs Rtn is -17%, 3Y Excs Rtn is -61%

Key risks
VMD key risks include [1] its significant dependence on Medicare reimbursement for its core ventilator services and [2] challenges executing its growth-by-acquisition strategy.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%
1 Attractive yield
FCF Yield is 8.4%
2 Low stock price volatility
Vol 12M is 40%
3 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Remote Patient Monitoring, Telehealth Platforms, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -17%, 3Y Excs Rtn is -61%
5 Key risks
VMD key risks include [1] its significant dependence on Medicare reimbursement for its core ventilator services and [2] challenges executing its growth-by-acquisition strategy.

VMD in ETFs

Weight = VMD's share of each fund

VTI0.00%
VTWO0.01%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/10/2026

Viemed Healthcare (VMD) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Viemed Healthcare missed earnings per share expectations for fiscal Q1 2026, which ended in March 2026.

The company reported diluted earnings per share (EPS) of $0.06, falling short of the consensus estimate of $0.09 per share. Additionally, revenue for the quarter was $75.4 million, missing the analyst estimate of $77.35 million. Following this announcement on May 5, 2026, the stock experienced an approximate 9.79% decline.

2. The company significantly missed earnings per share estimates for fiscal Q2 2026, which ended in June 2026.

Viemed Healthcare reported diluted EPS of $0.07 for fiscal Q2 2026, missing analysts' consensus estimates of $0.12 by $0.05, which represents a 41.7% surprise miss. This substantial miss contributed to a negative market reaction.

Show more
Updated on 8/10/2026

Viemed Healthcare (VMD) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Viemed Healthcare missed earnings per share expectations for fiscal Q1 2026, which ended in March 2026.

The company reported diluted earnings per share (EPS) of $0.06, falling short of the consensus estimate of $0.09 per share. Additionally, revenue for the quarter was $75.4 million, missing the analyst estimate of $77.35 million. Following this announcement on May 5, 2026, the stock experienced an approximate 9.79% decline.

2. The company significantly missed earnings per share estimates for fiscal Q2 2026, which ended in June 2026.

Viemed Healthcare reported diluted EPS of $0.07 for fiscal Q2 2026, missing analysts' consensus estimates of $0.12 by $0.05, which represents a 41.7% surprise miss. This substantial miss contributed to a negative market reaction.

3. Adjusted EBITDA declined in fiscal Q2 2026, and full-year 2026 Adjusted EBITDA guidance was lowered.

Despite achieving record revenue of $78.1 million in fiscal Q2 2026, the company's Adjusted EBITDA decreased by 4.0% year-over-year to $13.7 million. This figure was below estimates of $16.7 million by 18.0%. The Adjusted EBITDA margin fell to 17.6% from 22.7% in the prior-year quarter due to a shift in business mix towards lower-margin products and services, as well as increased investments in sales and technology. Consequently, management revised its full-year 2026 Adjusted EBITDA guidance downward to a range of $64 million to $68 million, from the previous range of $65 million to $69 million. The stock declined by approximately 16-17% immediately following the Q2 earnings release.

4. An analyst downgraded Viemed Healthcare's stock rating.

On August 6, 2026, following the Q2 2026 financial results, Freedom Broker downgraded Viemed Healthcare's rating from 'Buy' to 'Hold' and set a new price target of $11.00. This adjustment in analyst sentiment contributed to the negative trend.

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Stock Movement Drivers

Fundamental Drivers

The -9.1% change in VMD stock from 4/30/2026 to 8/17/2026 was primarily driven by a -13.0% change in the company's Net Income Margin (%).
(LTM values as of)43020268172026Change
Stock Price ($)9.969.05-9.1%
Change Contribution By: 
Total Revenues ($ Mil)27030211.6%
Net Income Margin (%)5.5%4.8%-13.0%
P/E Multiple25.323.9-5.8%
Shares Outstanding (Mil)3838-0.6%
Cumulative Contribution-9.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/17/2026
ReturnCorrelation
VMD-9.1% 
Market (SPY)7.5%-22.8%
Sector (XLV)14.4%15.8%

Fundamental Drivers

The 18.0% change in VMD stock from 1/31/2026 to 8/17/2026 was primarily driven by a 18.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268172026Change
Stock Price ($)7.679.0518.0%
Change Contribution By: 
Total Revenues ($ Mil)25530218.4%
Net Income Margin (%)5.3%4.8%-10.0%
P/E Multiple21.823.99.6%
Shares Outstanding (Mil)39381.0%
Cumulative Contribution18.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/17/2026
ReturnCorrelation
VMD18.0% 
Market (SPY)12.0%-0.3%
Sector (XLV)8.4%22.6%

Fundamental Drivers

The 48.6% change in VMD stock from 7/31/2025 to 8/17/2026 was primarily driven by a 29.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258172026Change
Stock Price ($)6.099.0548.6%
Change Contribution By: 
Total Revenues ($ Mil)23330229.6%
Net Income Margin (%)5.3%4.8%-8.9%
P/E Multiple19.523.922.2%
Shares Outstanding (Mil)39383.1%
Cumulative Contribution48.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/17/2026
ReturnCorrelation
VMD48.6% 
Market (SPY)23.3%10.9%
Sector (XLV)29.7%24.0%

Fundamental Drivers

The 7.1% change in VMD stock from 7/31/2023 to 8/17/2026 was primarily driven by a 106.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120238172026Change
Stock Price ($)8.459.057.1%
Change Contribution By: 
Total Revenues ($ Mil)146302106.4%
Net Income Margin (%)4.1%4.8%17.5%
P/E Multiple53.923.9-55.7%
Shares Outstanding (Mil)3838-0.2%
Cumulative Contribution7.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/17/2026
ReturnCorrelation
VMD7.1% 
Market (SPY)74.7%23.5%
Sector (XLV)30.4%24.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VMD Return-33%45%4%2%-7%24%19%
Peers Return19%-20%-8%-19%37%3%-0%
S&P 500 Return27%-19%24%23%16%14%107%

Monthly Win Rates [3]
VMD Win Rate42%58%58%58%42%75% 
Peers Win Rate60%50%48%42%54%52% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
VMD Max Drawdown-54%-35%-49%-37%-30%-26% 
Peers Max Drawdown-29%-44%-49%-37%-37%-43% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: A, TECH, ATEC, CERS, FRNM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/17/2026 (YTD)

How Low Can It Go

EventVMDS&P 500
2025 US Tariff Shock
  % Loss-22.0%-18.8%
  % Gain to Breakeven28.2%23.1%
  Time to Breakeven271 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.4%-9.5%
  % Gain to Breakeven47.8%10.5%
  Time to Breakeven105 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-34.2%-24.5%
  % Gain to Breakeven52.0%32.4%
  Time to Breakeven37 days427 days
2020 COVID-19 Crash
  % Loss-52.5%-33.7%
  % Gain to Breakeven110.7%50.9%
  Time to Breakeven28 days140 days

Compare to A, TECH, ATEC, CERS, FRNM

In The Past

Viemed Healthcare's stock fell -22.0% during the 2025 US Tariff Shock. Such a loss loss requires a 28.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventVMDS&P 500
2025 US Tariff Shock
  % Loss-22.0%-18.8%
  % Gain to Breakeven28.2%23.1%
  Time to Breakeven271 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-32.4%-9.5%
  % Gain to Breakeven47.8%10.5%
  Time to Breakeven105 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-34.2%-24.5%
  % Gain to Breakeven52.0%32.4%
  Time to Breakeven37 days427 days
2020 COVID-19 Crash
  % Loss-52.5%-33.7%
  % Gain to Breakeven110.7%50.9%
  Time to Breakeven28 days140 days

Compare to A, TECH, ATEC, CERS, FRNM

In The Past

Viemed Healthcare's stock fell -22.0% during the 2025 US Tariff Shock. Such a loss loss requires a 28.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Viemed Healthcare (VMD)

Viemed Healthcare, Inc. (VMD) is a healthcare company focused on providing in-home durable medical equipment (DME) and post-acute respiratory healthcare services to patients across the United States. The company's primary mission is to manage chronic respiratory conditions, enabling individuals to receive necessary treatments and equipment directly in their homes, promoting comfort and convenience outside of traditional hospital environments.

The core of Viemed's business involves comprehensive respiratory disease management, with a strong emphasis on conditions such as Chronic Obstructive Pulmonary Disease (COPD) and sleep apnea. Their main offerings include the leasing and sale of critical equipment like non-invasive and invasive ventilators, positive airway pressure (PAP) machines, percussion vests, and oxygen concentrator units. Additionally, the company provides various therapeutic solutions, including neuromuscular care services, oxygen therapy, and specialized in-home sleep apnea testing services, along with associated medical supplies.

Viemed primarily serves patients in the United States who are managing chronic respiratory illnesses. This includes individuals diagnosed with COPD, sleep apnea, or other conditions requiring ventilatory support, neuromuscular care, or ongoing oxygen therapy. By delivering essential medical services and equipment directly to patients' residences, Viemed caters to those seeking accessible, effective, and long-term management solutions for their respiratory health needs.

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  • Imagine ResMed or Philips, but focused on the 'last mile': Viemed delivers, installs, and provides ongoing clinical support for advanced respiratory equipment directly to patients' homes.
  • Think of it as DaVita for chronic respiratory patients: instead of kidney care, Viemed provides comprehensive in-home medical equipment and clinical services for conditions like COPD and sleep apnea.

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  • In-Home Durable Medical Equipment (DME): Provides and leases a variety of medical devices, including invasive and non-invasive ventilators, PAP machines, percussion vests, and oxygen concentrators.
  • Post-Acute Respiratory Healthcare Services: Offers comprehensive management solutions for respiratory diseases, such as COPD, utilizing various therapies and equipment.
  • Sleep Apnea Management Solutions: Delivers services, including in-home testing, and provides equipment like PAP machines for the diagnosis and treatment of sleep apnea.
  • Neuromuscular Care and Oxygen Therapy Services: Provides specialized care and associated equipment for patients requiring neuromuscular support and oxygen therapy.

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Major Customers of Viemed Healthcare (VMD)

Viemed Healthcare (VMD) primarily sells its durable medical equipment and post-acute respiratory healthcare services directly to individual patients in their homes. Based on the company description, its major customer categories include:

  • Patients with Chronic Obstructive Pulmonary Disease (COPD): Individuals suffering from COPD who require non-invasive ventilation, percussion vests, and other respiratory therapies and related equipment.
  • Patients requiring Sleep Apnea Management: Individuals diagnosed with sleep apnea who need Positive Airway Pressure (PAP) machines, automatic continuous positive airway pressure (APAP), bi-level positive airway pressure (BiPAP) machines, and in-home sleep apnea testing services.
  • Patients needing Neuromuscular Care and Oxygen Therapy: Individuals with various neuromuscular conditions or other respiratory issues requiring invasive or non-invasive ventilation, oxygen concentrator units, and other specialized respiratory equipment and services.

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Casey Hoyt, Chief Executive Officer

Casey Hoyt was appointed Chief Executive Officer of Viemed Healthcare in December 2017. He is committed to the company's patient-centric focus and "live your life" mission. A long-time advocate for helping patients through clinical excellence, education, and technology, Hoyt co-founded Viemed subsidiaries, Sleep Management, LLC, and Home Sleep Delivered, LLC in 2006, prior to Viemed Healthcare's evolution in 2012. He has also led numerous other successful businesses throughout his career, including a global trade show display and event marketing services company.

Trae Fitzgerald, Chief Financial Officer

Trae Fitzgerald serves as the Chief Financial Officer and Principal Accounting Officer of Viemed Healthcare, a position he has held since November 2017. As CFO, his total compensation in 2024 was reported as $872,178.

Todd Zehnder, Chief Operating Officer

Todd Zehnder has been Viemed's Chief Operating Officer since 2017. Throughout his tenure with the company, he has also held roles as Vice President of Finance and Chief Strategy Officer. A Certified Public Accountant, Zehnder began his career at KPMG. He also held multiple senior executive positions, including Chief Operating Officer and Chief Financial Officer, for 15 years at PetroQuest Energy Inc., an NYSE-listed company.

Michael Moore, President

Michael Moore is the President of Viemed Healthcare. He was involved in the founding of Viemed Healthcare in 2006.

Michael Freeman, Chief Business Development Officer

Michael Freeman joined Viemed Healthcare as Chief Business Development Officer in August 2022. Before his role at Viemed, Freeman served for nearly 20 years as Senior Vice President of Corporate Development at LHC Group, Inc. In this capacity, he was responsible for new partnership and acquisition activities, including identifying targets, managing due diligence, planning integration, and negotiating agreements. He was involved in over 150 acquisition and partnership transactions at LHC. Collectively, with Jeremy Trahan, he was integrally involved in over 100 transactions at LHC Group valued at approximately $1.9 billion.

AI Analysis | Feedback

The key risks to Viemed Healthcare (VMD) are primarily centered around the highly regulated healthcare environment, the reliance on third-party medical equipment, and the inherent challenges of in-home medical device usage.

  1. Government Regulation and Reimbursement Policies: Viemed Healthcare operates within a complex and extensively regulated U.S. healthcare system. The company faces ongoing exposure to U.S. healthcare reform, anti-kickback statutes, and other compliance risks. A significant portion of Viemed's revenue comes from Medicare and Medicaid, accounting for 40% and 43% respectively in 2025 and 2024. Any reduction or elimination of coverage or reimbursement for their products by these government programs could lead to similar reductions by commercial third-party payors, thereby adversely affecting the business and its financial results. Durable medical equipment (DME) companies like Viemed are subject to strict federal oversight by organizations such as the U.S. Department of Health and Human Services' Office of Inspector General (HHS-OIG) and the Centers for Medicare and Medicaid Services (CMS), with common violations involving complex billing and marketing practices.
  2. Product Recalls and Supply Chain Dependence: Viemed distributes and sells specific medical devices, such as Royal Philips BiPAP and CPAP devices and ventilators. A voluntary recall of such products due to potential health risks, as occurred with Philips devices, can have an adverse impact on Viemed's business, reputation, financial performance, and future prospects. Furthermore, there is a risk that vendors may not always be able to provide the necessary equipment to satisfy demand in an emerging market, which could affect Viemed's ability to serve patients.
  3. Usability Challenges and Risks of Home Medical Devices: A significant hazard for Viemed's business model, which focuses on in-home care, stems from the usability challenges and inherent risks associated with medical devices used in residential settings. Medical devices like ventilators, often designed for professional use in clinical environments, can be complex for patients and non-professional caregivers to operate safely and effectively at home. ECRI, a non-profit organization focused on healthcare safety, identified the use of medical devices in the home as the top health technology safety hazard for 2024, citing risks from insufficient training for users, potential misuse or malfunction, and the possibility of undetected or unreported errors.

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The emergence of direct-to-consumer (DTC) models for durable medical equipment, particularly for sleep apnea devices such as PAP machines, poses a clear threat. These models, often facilitated by online telehealth consultations and manufacturer partnerships, allow patients to obtain equipment directly, bypassing traditional DME providers like Viemed Healthcare. This shift in the distribution and service delivery model can lead to reduced reliance on intermediaries, impacting Viemed's market share and revenue stream in its sleep apnea management segment.

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Viemed Healthcare, Inc. (VMD) operates within several significant addressable markets related to in-home durable medical equipment (DME) and post-acute respiratory healthcare services in the United States.

Addressable Markets for Viemed Healthcare's Main Products and Services:

  • U.S. Respiratory Durable Medical Equipment (DME) Market: This market, which directly encompasses many of Viemed's offerings such as oxygen therapy, non-invasive home ventilators, and connected PAP machines, was valued at approximately USD 4.01 billion in 2025. It is projected to grow to about USD 5.89 billion by 2033, with a compound annual growth rate (CAGR) of 4.93% from 2026 to 2033. Respiratory and sleep devices constitute approximately 35% of the total U.S. DME market revenue.
  • U.S. Durable Medical Equipment (DME) Market (Overall): The broader U.S. durable medical equipment market was valued at an estimated USD 43.58 billion in 2024 and is predicted to reach around USD 79.57 billion by 2034, expanding at a CAGR of 6.21% from 2025 to 2034. This market is projected to exceed USD 110 billion by 2028.
  • Sleep Apnea Devices Market (North America/Global): Viemed Healthcare provides sleep apnea management solutions and in-home sleep apnea testing. The global sleep apnea devices market was estimated at USD 4.5 billion in 2023 and is projected to reach USD 6.9 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030. North America held the largest share of this market, accounting for 48.1% in 2023. Another report indicated the global market for sleep apnea devices was USD 5.40 billion in 2024 and is expected to grow to USD 10.2 billion by 2033, with a CAGR of 7.32% from 2026 to 2033. North America also consistently dominated the sleep apnea devices market in 2023 and 2024.
  • COPD Addressable Market (Viemed's Niche): Viemed Healthcare specifically addresses a niche within the COPD market. It is estimated that approximately 1.25 million treatable patients in the U.S. suffer from Stage 4 COPD with chronic respiratory failure, representing an estimated USD 20 billion in potential revenue for providers like Viemed.

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Viemed Healthcare, Inc. (VMD) is expected to drive future revenue growth over the next two to three years through several key initiatives and market trends:

  1. Expansion of Sleep Therapy Services: Viemed Healthcare is experiencing significant growth in its sleep therapy segment, particularly with PAP (Positive Airway Pressure) therapy patients and resupply services. The company reported a 62% year-over-year increase in PAP therapy patient count and a 49% rise in sleep resupply patients in 2025. This area is considered a crucial and accelerating growth driver, supported by a large underdiagnosed obstructive sleep apnea market and increasing clinical awareness.
  2. Growth in Maternal Health: The acquisition of Lehan's Medical Equipment in 2025 marked Viemed Healthcare's expansion into maternal health. This segment contributed approximately $9 million to the company's revenue in 2025 and is projected to become a more significant contributor as the company expands these services beyond the initial markets of the acquisition throughout 2026. This expansion also helps diversify the company's payer mix.
  3. Diversification of Home Medical Equipment (HME) Offerings: While traditionally strong in ventilation, Viemed Healthcare is actively diversifying its HME rental portfolio. The company has seen growth in other non-ventilator HME rentals, including oxygen and airway clearance therapies, alongside its sleep therapy devices. This strategic diversification aims to reduce reliance on any single product category and broaden the company's service offerings.
  4. Organic Growth through Market Expansion and Densification: Viemed Healthcare's strategy includes organic growth through both geographic expansion into new target markets and densifying its presence in existing markets. This approach focuses on increasing its patient base and strengthening its operational footprint across the United States.
  5. Strategic Acquisitions: The company maintains an active pipeline for mergers and acquisitions (M&A) to acquire complementary services and platforms that can leverage its existing national infrastructure, including payer relationships and clinical operations. The successful integration and positive contribution of the Lehan's acquisition serve as a testament to this inorganic growth strategy.

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Share Repurchases

  • Viemed Healthcare authorized a new share repurchase program through March 2027, allowing for the purchase of up to 1,930,131 common shares, representing approximately 5% of its total outstanding shares as of March 4, 2026.
  • Across three prior share repurchase programs, Viemed returned approximately $26.3 million to shareholders by repurchasing about 4.5 million shares.
  • A share repurchase program authorized in June 2025, for up to 1,976,441 shares, was fully completed by September 23, 2025, at a total cost of approximately $13.2 million.

Outbound Investments

  • Viemed Healthcare completed the acquisition of Lehan's Medical Equipment in 2025, which contributed to an increase in net revenues for the year.
  • The company views selective acquisitions as an opportunistic component of its broader capital allocation framework, alongside investment in organic growth.

Capital Expenditures

  • Net capital expenditures for the year ended December 31, 2025, totaled approximately $23.8 million.
  • Net capital expenditures for the year ended December 31, 2024, totaled approximately $27.5 million.
  • Viemed's capital allocation framework supports continued investment in organic growth and selective acquisitions.

Better Bets vs. Viemed Healthcare (VMD)

Peer Outperformance in Life Sciences Tools & Services

VMD has outperformed 92% of its 107 Life Sciences Tools & Services peers over 5Y. Life Sciences Tools & Services ranks 8th of 10 industries in Health Care by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Life Sciences Tools & Services constituents that VMD has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
67%
of 125 industry peers · 31.3% return
3Y
66%
of 116 industry peers · 12.7% return
5Y
92%
of 107 industry peers · 44.8% return
No Life Sciences Tools & Services peer with a comparable growth profile has beaten VMD by more than 20pp over 5Y.
Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is VMD's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 7 7.5%77.6%177.9% CAH 410% · MCK 342% · SNYR 244%
Health Care Services 20 20.1%40.4%12.0% HIMS 288% · RDNT 143% · DGX 74%
Managed Health Care 8 34.9%-5.2%2.2% OSCR 144% · HQY 63% · ELV 13%
Health Care Facilities 24 8.7%-3.0%-15.8% THC 279% · NHC 256% · ENSG 130%
Health Care Equipment 51 -3.4%-8.2%-19.3% POCI 10350% · UFPT 410% · GKOS 289%
Health Care Supplies 12 37.6%-12.7%-25.6% LNTH 313% · HAE 54% · MMSI 34%
Pharmaceuticals 63 1.7%-5.3%-31.8% LQDA 3059% · INDV 1430% · ETON 1313%
Life Sciences Tools & Services ← 108 -7.2%-33.8%-71.2% SNWV 1924% · ELMD 257% · MEDP 237%
Health Care Technology 20 -27.4%-53.3%-73.9% SPOK 138% · HSTM -4% · VEEV -25%
Biotechnology 365 7.7%-26.8%-78.4% BRTX 109900% · DNTH 1765% · CELZ 1471%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

VMDATECHATECCERSFRNMMedian
NameViemed H.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Mkt Price9.05148.4572.399.452.9713.0011.22
Mkt Cap0.341.911.31.50.6-1.5
Rev LTM3027,2321,211815222-815
Op Inc LTM241,555294-39-2-24
FCF LTM291,087270-6-2-29
FCF 3Y Avg111,271247-83-8-11
CFO LTM611,452295572-61
CFO 3Y Avg471,644289-7-5-47

Growth & Margins

VMDATECHATECCERSFRNMMedian
NameViemed H.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Rev Chg LTM25.2%9.1%0.2%19.5%15.1%-15.1%
Rev Chg 3Y Avg24.7%1.1%2.5%24.6%13.0%-13.0%
Rev Chg Q23.9%10.0%-1.5%15.1%9.5%-10.0%
QoQ Delta Rev Chg LTM5.2%2.4%-0.4%3.6%2.3%-2.4%
Op Inc Chg LTM49.0%9.7%39.1%59.1%86.2%-49.0%
Op Inc Chg 3Y Avg34.7%-1.4%3.9%29.6%56.7%-29.6%
Op Mgn LTM8.1%21.5%24.3%-4.8%-0.7%-8.1%
Op Mgn 3Y Avg7.5%20.8%21.1%-15.0%-5.1%-7.5%
QoQ Delta Op Mgn LTM-0.2%0.9%3.1%1.4%0.7%-0.9%
CFO/Rev LTM20.2%20.1%24.4%6.9%1.1%-20.1%
CFO/Rev 3Y Avg18.9%24.3%24.3%-2.6%-3.2%-18.9%
FCF/Rev LTM9.7%15.0%22.3%-0.7%-0.8%-9.7%
FCF/Rev 3Y Avg4.1%18.8%20.8%-14.8%-5.0%-4.1%

Valuation

VMDATECHATECCERSFRNMMedian
NameViemed H.Agilent .Bio-Tech.Alphatec Cerus Freenome  
Mkt Cap0.341.911.31.50.6-1.5
P/S1.15.89.31.82.7-2.7
P/Op Inc14.126.938.5-38.1-368.4-14.1
P/EBIT14.824.872.2-24.1486.3-24.8
P/E23.929.6103.3-13.5-87.8-23.9
P/CFO5.728.838.426.2246.5-28.8
Total Yield4.2%4.1%1.4%-7.4%-1.1%-1.4%
Dividend Yield0.0%0.7%0.4%0.0%0.0%-0.0%
FCF Yield 3Y Avg2.9%3.5%2.5%-5.5%-2.5%-2.5%
D/E0.00.10.00.40.1-0.1
Net D/E0.00.00.00.30.0-0.0

Returns

VMDATECHATECCERSFRNMMedian
NameViemed H.Agilent .Bio-Tech.Alphatec Cerus Freenome  
1M Rtn-25.5%12.9%0.4%10.7%-5.1%-0.1%0.1%
3M Rtn-6.1%32.7%62.9%16.8%22.2%-0.1%19.5%
6M Rtn9.3%18.5%21.0%-29.3%32.6%-0.1%13.9%
12M Rtn31.3%25.5%35.9%-39.8%139.5%-0.1%28.4%
3Y Rtn12.7%27.4%-6.1%-34.4%73.7%-0.1%6.3%
1M Excs Rtn-29.4%9.1%-3.5%6.9%-9.0%-3.9%-3.7%
3M Excs Rtn-7.8%28.6%62.9%18.8%22.4%-4.6%20.6%
6M Excs Rtn-4.0%5.2%7.7%-42.6%19.3%-13.4%0.6%
12M Excs Rtn11.6%6.2%15.8%-59.0%114.1%-19.8%8.9%
3Y Excs Rtn-60.6%-54.3%-84.7%-110.1%-17.8%-73.4%-67.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment270224183139 
COVID-19 response sales and services    9
Equipment and supply sales    9
Other home medical equipment rentals    14
Service revenues    2
Ventilator rentals, non-invasive and invasive    84
Total270224183139117


Price Behavior

Price Behavior
Market Price$9.05 
Market Cap ($ Bil)0.3 
First Trading Date03/16/2018 
Distance from 52W High-26.6% 
   50 Days200 Days
DMA Price$10.98$8.95
DMA Trendupup
Distance from DMA-17.6%1.1%
 3M1YR
Volatility42.3%40.3%
Downside Capture-39.5928.00
Upside Capture-59.1853.12
Correlation (SPY)-20.5%10.0%
VMD Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.41-0.06-0.420.240.520.65
Up Beta0.260.24-0.88-0.050.750.59
Down Beta2.170.511.070.730.700.62
Up Capture7%20%-32%63%64%40%
Bmk +ve Days11223567138427
Stock +ve Days12253675136372
Down Capture-31%-101%-161%-39%-1%89%
Bmk -ve Days11212859114326
Stock -ve Days9162447103357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VMD
VMD31.5%40.2%0.78-
Sector ETF (XLV)26.4%15.5%1.3128.0%
Equity (SPY)20.9%12.8%1.2110.0%
Gold (GLD)32.1%28.5%0.97-2.8%
Commodities (DBC)40.1%20.2%1.55-13.4%
Real Estate (VNQ)14.2%13.9%0.7225.2%
Bitcoin (BTCUSD)-46.9%42.7%-1.37-3.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VMD
VMD6.0%41.4%0.26-
Sector ETF (XLV)6.2%15.0%0.2321.0%
Equity (SPY)13.3%17.2%0.6023.8%
Gold (GLD)20.2%18.5%0.894.5%
Commodities (DBC)10.3%19.6%0.41-0.5%
Real Estate (VNQ)2.2%18.9%0.0122.1%
Bitcoin (BTCUSD)6.3%52.7%0.3112.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with VMD
VMD5.3%48.5%0.33-
Sector ETF (XLV)10.1%16.6%0.4924.4%
Equity (SPY)15.3%17.9%0.7327.5%
Gold (GLD)12.3%16.2%0.624.3%
Commodities (DBC)7.8%18.1%0.356.7%
Real Estate (VNQ)4.9%20.7%0.2022.6%
Bitcoin (BTCUSD)60.0%66.1%1.0011.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 7152026-10.1%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest2.5 days
Basic Shares Quantity38.2 Mil
Short % of Basic Shares1.8%

Earnings Returns History

Updated 8/12/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/2026-15.9%-20.3% 
5/5/2026-12.2%-3.5%1.4%
3/4/2026-7.5%0.0%6.1%
11/5/2025-2.6%1.9%6.4%
8/6/20257.9%13.6%6.7%
5/7/2025-11.7%-5.5%-7.6%
3/10/20255.4%0.1%-10.0%
11/6/2024-1.5%0.1%-5.7%
...
SUMMARY STATS   
# Positive101612
# Negative15912
Median Positive7.3%2.6%7.0%
Median Negative-4.6%-5.5%-8.5%
Max Positive18.2%30.4%40.5%
Max Negative-15.9%-22.1%-26.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/3/2026-15.9%-20.3% 
5/5/2026-12.2%-3.5%1.4%
3/4/2026-7.5%0.0%6.1%
11/5/2025-2.6%1.9%6.4%
8/6/20257.9%13.6%6.7%
5/7/2025-11.7%-5.5%-7.6%
3/10/20255.4%0.1%-10.0%
11/6/2024-1.5%0.1%-5.7%
8/7/202410.0%8.6%12.3%
5/6/2024-6.8%-14.2%-8.2%
3/6/20246.5%1.1%-9.4%
11/1/202312.0%14.3%26.2%
8/9/2023-3.7%-3.8%-11.3%
5/8/2023-2.7%0.0%-8.8%
3/2/2023-12.2%2.2%7.3%
11/1/2022-1.5%3.9%10.6%
8/2/2022-14.2%-22.1%-25.5%
5/3/202210.2%9.2%11.3%
3/7/202218.2%30.4%40.5%
11/2/20213.2%7.8%-7.4%
8/2/2021-1.9%1.0%-7.1%
5/3/2021-2.8%-7.6%-26.3%
3/3/20216.7%3.1%3.6%
11/5/20204.1%-4.7%3.2%
8/5/2020-4.6%-4.8%-0.6%
SUMMARY STATS   
# Positive101612
# Negative15912
Median Positive7.3%2.6%7.0%
Median Negative-4.6%-5.5%-8.5%
Max Positive18.2%30.4%40.5%
Max Negative-15.9%-22.1%-26.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/05/202610-Q
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/10/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/06/202410-Q
12/31/202303/06/202410-K
09/30/202311/01/202310-Q
06/30/202308/09/202310-Q
03/31/202305/08/202310-Q
12/31/202203/02/202310-K
09/30/202211/01/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/05/202610-Q
12/31/202503/04/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/10/202510-K
09/30/202411/06/202410-Q
06/30/202408/07/202410-Q
03/31/202405/06/202410-Q
12/31/202303/06/202410-K
09/30/202311/01/202310-Q
06/30/202308/09/202310-Q
03/31/202305/08/202310-Q
12/31/202203/02/202310-K
09/30/202211/01/202210-Q
06/30/202208/02/202210-Q
03/31/202205/03/202210-Q
12/31/202103/07/202210-K
09/30/202111/02/202110-Q
06/30/202108/03/202110-Q
03/31/202105/03/202110-Q
12/31/202003/03/202110-K
09/30/202011/04/202010-Q
06/30/202008/04/202010-Q
03/31/202005/05/202010-Q
12/31/201903/04/202010-K
09/30/201911/05/201910-Q

Recent Forward Guidance

Updated 8/4/2026

Latest: Q2 2026 Earnings Reported 8/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Revenue314.00 Mil317.00 Mil320.00 Mil0.3% RaisedGuidance: 316.00 Mil for 2026
2026 Adjusted EBITDA64.00 Mil66.00 Mil68.00 Mil-1.5% LoweredGuidance: 67.00 Mil for 2026
2026 Net Capital Expenditures0.090.090.1 -0.5%LoweredGuidance: 0.1 for 2026

Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue312.00 Mil316.00 Mil320.00 Mil  RaisedGuidance: 315.00 Mil for 2026
2026 Adjusted EBITDA65.00 Mil67.00 Mil69.00 Mil0 AffirmedGuidance: 67.00 Mil for 2026
2026 Net Capital Expenditures0.090.10.1 -1.0%LoweredGuidance: 0.11 for 2026

Q4 2025 Earnings Reported 3/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Revenue310.00 Mil315.00 Mil320.00 Mil15.8% Higher NewGuidance: 272.00 Mil for 2025
2026 Adjusted EBITDA65.00 Mil67.00 Mil69.00 Mil9.8% Higher NewGuidance: 61.00 Mil for 2025
2026 Net Capital Expenditures0.10.110.12   

Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Net Revenue271.00 Mil272.00 Mil273.00 Mil-0.7% LoweredGuidance: 274.00 Mil for 2025
2025 Adjusted EBITDA60.00 Mil61.00 Mil62.00 Mil0.8% RaisedGuidance: 60.50 Mil for 2025

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Moore, MichaelPresidentby Moore Faster LLCSell32020268.7765,000570,05013,907,571Form
2Moore, MichaelPresidentby Moore Faster LLCSell32020269.2140,232370,53715,203,979Form
3Moore, MichaelPresidentby Moore Faster LLCSell32020269.4231,570297,38915,929,634Form
4Cambre, JeromeVice President of SalesDirectSell81420257.324,88035,737616,551Form
5Moore, MichaelPresidentDirectSell81320257.3350,090367,160926,094Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Moore, MichaelPresidentby Moore Faster LLCSell32020268.7765,000570,05013,907,571Form
2Moore, MichaelPresidentby Moore Faster LLCSell32020269.2140,232370,53715,203,979Form
3Moore, MichaelPresidentby Moore Faster LLCSell32020269.4231,570297,38915,929,634Form
4Cambre, JeromeVice President of SalesDirectSell81420257.324,88035,737616,551Form
5Moore, MichaelPresidentDirectSell81320257.3350,090367,160926,094Form
6Moore, MichaelPresidentDirectSell70120256.92177,8301,231,0911,228,343Form
7Kaushal, Nitin DirectSell70120256.917,04848,702876,485Form
8Moore, MichaelPresidentDirectSell70120257.003,48624,4021,242,031Form
9Kaushal, Nitin DirectSell63020257.0134,100239,041889,169Form
10Kaushal, Nitin DirectSell63020257.008,85261,964887,901Form
Core Cache Last Updated: 8/17/2026