Tearsheet

Encompass Health (EHC)


Market Price (12/26/2025): $107.075 | Market Cap: $10.8 Bil
Sector: Health Care | Industry: Health Care Facilities

Encompass Health (EHC)


Market Price (12/26/2025): $107.075
Market Cap: $10.8 Bil
Sector: Health Care
Industry: Health Care Facilities

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


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%
Key risks
EHC key risks include the cascading fallout from a major exposé on systemic patient safety failures, Show more.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%
 
2 Low stock price volatility
Vol 12M is 26%
 
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Remote Patient Monitoring, Show more.
 
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.7%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%
2 Low stock price volatility
Vol 12M is 26%
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Remote Patient Monitoring, Show more.
4 Key risks
EHC key risks include the cascading fallout from a major exposé on systemic patient safety failures, Show more.

Valuation, Metrics & Events

EHC Stock


Why The Stock Moved


Qualitative Assessment

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Encompass Health (EHC) experienced a stock movement of approximately -11.9% from 8/31/2025 to today due to several key factors: 1. Weak near-term sentiment and concerns over the company's long-term financial health.

2. Slow sales growth, reported at 4.7% compounded annually over the preceding five years.

Show more

Stock Movement Drivers

Fundamental Drivers

The -14.7% change in EHC stock from 9/25/2025 to 12/25/2025 was primarily driven by a -17.7% change in the company's P/E Multiple.
925202512252025Change
Stock Price ($)125.59107.11-14.71%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5669.105795.602.23%
Net Income Margin (%)9.22%9.33%1.24%
P/E Multiple24.1719.90-17.68%
Shares Outstanding (Mil)100.60100.500.10%
Cumulative Contribution-14.71%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025
ReturnCorrelation
EHC-14.7% 
Market (SPY)4.9%14.0%
Sector (XLV)16.2%21.6%

Fundamental Drivers

The -11.6% change in EHC stock from 6/26/2025 to 12/25/2025 was primarily driven by a -19.2% change in the company's P/E Multiple.
626202512252025Change
Stock Price ($)121.19107.11-11.62%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5512.605795.605.13%
Net Income Margin (%)8.97%9.33%4.02%
P/E Multiple24.6219.90-19.18%
Shares Outstanding (Mil)100.50100.500.00%
Cumulative Contribution-11.62%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025
ReturnCorrelation
EHC-11.6% 
Market (SPY)13.1%14.6%
Sector (XLV)16.6%20.6%

Fundamental Drivers

The 14.5% change in EHC stock from 12/25/2024 to 12/25/2025 was primarily driven by a 15.2% change in the company's Net Income Margin (%).
1225202412252025Change
Stock Price ($)93.57107.1114.47%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5215.005795.6011.13%
Net Income Margin (%)8.10%9.33%15.25%
P/E Multiple22.1319.90-10.09%
Shares Outstanding (Mil)99.90100.50-0.60%
Cumulative Contribution14.47%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025
ReturnCorrelation
EHC14.5% 
Market (SPY)15.8%34.9%
Sector (XLV)13.3%35.4%

Fundamental Drivers

The 85.0% change in EHC stock from 12/26/2022 to 12/25/2025 was primarily driven by a 45.3% change in the company's Net Income Margin (%).
1226202212252025Change
Stock Price ($)57.90107.1184.99%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4253.805795.6036.25%
Net Income Margin (%)6.42%9.33%45.34%
P/E Multiple21.0219.90-5.36%
Shares Outstanding (Mil)99.20100.50-1.31%
Cumulative Contribution84.96%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025
ReturnCorrelation
EHC61.0% 
Market (SPY)48.3%33.3%
Sector (XLV)18.5%35.8%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EHC Return21%-20%17%13%39%17%108%
Peers Return12%26%24%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
EHC Win Rate58%50%50%50%83%75% 
Peers Win Rate43%50%55%60% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
EHC Max Drawdown-28%-31%-17%-14%0%-1% 
Peers Max Drawdown-16%-7%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: SEM, THC, UHS, ENSG, EHAB. See EHC Returns vs. Peers.
[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] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventEHCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-39.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven64.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven408 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-39.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven65.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven246 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-29.9%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven42.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven302 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-73.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven278.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven762 days1,480 days

Compare to HCA, DGX, UHS, SEM, AMTU

In The Past

Encompass Health's stock fell -39.1% during the 2022 Inflation Shock from a high on 4/23/2021. A -39.1% loss requires a 64.2% gain to breakeven.

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About Encompass Health (EHC)

Encompass Health Corporation provides facility-based and home-based post-acute healthcare services in the United States. The company operates in two segments, Inpatient Rehabilitation, and Home Health and Hospice. The Inpatient Rehabilitation segment provides specialized rehabilitative treatment on an inpatient and outpatient basis to patients who are recovering from conditions, such as stroke and other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions, and amputations. The Home Health and Hospice segment provides home health and hospice services primarily in the Southeast and Texas. Its home health services include a range of Medicare-certified home nursing services to adult patients in need of care comprising skilled nursing, medical social work, and home health aide services, as well as physical, occupational, speech therapy, and others. This segment's hospice services comprise in-home services to terminally ill patients and their families. As of April 11, 2022, it operated 147 hospitals, 251 home health locations, and 96 hospice locations in 42 states and Puerto Rico. The company was formerly known as HealthSouth Corporation and changed its name to Encompass Health Corporation in January 2018. Encompass Health Corporation was founded in 1983 and is based in Birmingham, Alabama.

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Here are 1-2 brief analogies for Encompass Health (EHC):

  • HCA Healthcare for rehabilitation hospitals.
  • The Mayo Clinic of physical recovery.

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  • Inpatient Rehabilitation Services: Providing comprehensive rehabilitative care to patients recovering from debilitating illnesses or injuries in specialized hospital settings.

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Encompass Health (EHC) primarily sells its healthcare services directly to individuals.

The company serves the following categories of customers:

  • Patients in Inpatient Rehabilitation Hospitals: These are individuals, predominantly adults and seniors, who have experienced a debilitating illness or injury (e.g., stroke, spinal cord injury, traumatic brain injury, major joint replacement, other complex neurological or orthopedic conditions) and require intensive, interdisciplinary rehabilitation services to regain function and independence in a specialized hospital setting.
  • Patients Receiving Home Health Services: These are individuals who require skilled nursing care, therapy services (physical, occupational, speech), or other medical and rehabilitative assistance in their home environment. This often occurs after a hospital stay, for management of chronic health conditions, or to maintain independence and prevent re-hospitalization.
  • Patients Receiving Hospice Care: These are individuals, typically seniors, who have a terminal illness and seek palliative care and support for themselves and their families at the end of life. Hospice services are generally provided in the patient's home or a homelike setting, focusing on comfort, pain management, and emotional/spiritual support.

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Mark J. Tarr, President and Chief Executive Officer

Mark J. Tarr has served as President and Chief Executive Officer of Encompass Health since December 29, 2016. He joined Encompass Health (formerly HealthSouth Corporation) in 1993, holding various management positions. Before becoming CEO, he served as executive vice president and chief operating officer for Encompass Health from 2011-2016, and as president of the company's inpatient division since September 2004. His career also includes administrative positions at Tenet Healthcare and Charter Medical, and an early role at Georgia-Pacific. He earned a Bachelor of Science in Marketing from Ball State University and an MBA from Emory University’s Goizueta Business School.

Douglas E. Coltharp, Executive Vice President and Chief Financial Officer

Douglas E. Coltharp was appointed Chief Financial Officer on May 6, 2010. Prior to joining Encompass Health, he served as a partner at Arlington Capital Advisors and Arlington Investment Partners, LLC, a boutique investment banking and private equity firm, from 2007 to 2010. He also spent 11 years as executive vice president and chief financial officer for Saks Inc., where he was instrumental in recapitalizing the company and guiding it through a series of acquisitions and organic growth strategies. He began his career in 1987 at Nations Bank, N.A. (now part of Bank of America), rising to senior vice president and head of Southeast Corporate Banking, advising Fortune 1000 companies on capital raising. Coltharp holds a bachelor's degree in finance and economics from Lehigh University and an MBA in finance and strategic planning from the Wharton School, University of Pennsylvania. He also serves as a Member of the Board of Directors at Under Armour Inc. His tenure as a partner at a private equity firm indicates a pattern of managing companies backed by private equity.

Pat Tuer, Executive Vice President and Chief Operating Officer

Pat Tuer assumed the position of Executive Vice President and Chief Operating Officer in April 2025. Before this, he served as group president of Encompass Health's Northeast and MidAtlantic regions since August 2023, and as president of the Northeast region since March 2021. Prior to his work with Encompass Health, Tuer spent more than four years at Select Medical as regional vice president and chief executive officer for long-term acute care hospitals. Earlier in his career, he held various leadership roles at Community Health Systems.

Patrick Darby, Executive Vice President, General Counsel and Corporate Secretary

Patrick Darby serves as the Executive Vice President, General Counsel and Corporate Secretary for Encompass Health.

Dr. Elissa Charbonneau, Chief Medical Officer

Dr. Elissa Charbonneau has been the Chief Medical Officer of Encompass Health since 2015. She previously served as the Vice President of Medical Services for the company. Before joining Encompass Health, Dr. Charbonneau was the Medical Director at the New England Rehabilitation Hospital of Portland.

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The key risks to Encompass Health (EHC) are primarily centered around patient safety failures and their cascading effects on legal standing, reputation, and regulatory relationships.

  1. Legal and Reputational Damage from Patient Safety Failures: Encompass Health faces significant legal and reputational risks stemming from a July 2025 New York Times exposé. The report detailed systemic patient safety failures, including statistically worse rates of preventable readmissions, incidents of carbon monoxide poisoning, medication errors, and bed alarm failures that led to patient fatalities at their rehabilitation hospitals. This exposé triggered a 10.3% stock price drop, erasing $1.2 billion in market capitalization, and has led to securities class action lawsuits alleging the company concealed operational risks and engaged in insider trading. The litigation and the severe reputational damage pose existential threats to the company's long-term valuation.
  2. Regulatory Scrutiny and High Dependence on Government Reimbursements: The revelations of patient safety failures have intensified regulatory pressure from the Centers for Medicare & Medicaid Services (CMS), which is reevaluating reimbursement policies for facilities with poor safety records. This is a critical risk for Encompass Health, as its business model is highly dependent on government-based reimbursement programs, with approximately 60% to 80% of its revenue derived from Medicare and Medicaid. Changes in CMS policy, including potential reductions in reimbursement rates, could significantly impact the company's profitability.
  3. Healthcare Workforce Challenges: Persistent labor shortages in the healthcare sector are a key operational risk for Encompass Health. These shortages could put pressure on the company's margins and overall returns, challenging its growth narrative.

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The proliferation of "Hospital-at-Home" and other advanced home-based acute care models presents a clear emerging threat. These models, rapidly expanding with support from the Centers for Medicare & Medicaid Services (CMS) through programs like the Acute Hospital Care at Home waiver, and embraced by major health systems and payers, enable patients to receive hospital-level acute care and even initial rehabilitation services in their own homes. This growing trend challenges the traditional post-acute care pathway where individuals needing complex rehabilitation after an acute event are typically discharged to an inpatient rehabilitation facility (IRF). By providing high-acuity care and rehabilitation in the home setting, these alternative models could reduce the volume of patients referred to IRFs, shorten their length of stay, or potentially bypass the need for an IRF altogether for certain patient populations, directly impacting Encompass Health's core inpatient rehabilitation business.

The increasing vertical integration and consolidation within the healthcare ecosystem, particularly by payers and large health systems, represents another clear emerging threat. Major health insurers and large integrated delivery networks are aggressively acquiring or developing their own post-acute care assets, including home health agencies, skilled nursing facilities, and even inpatient rehabilitation facilities. This trend creates "closed networks" where integrated providers or payers can steer patients to their owned or preferred post-acute providers, potentially diverting referrals away from independent providers like Encompass Health and impacting their patient volumes and market share.

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Encompass Health (EHC) primarily operates in the United States, focusing on inpatient rehabilitation services and, to a lesser extent, home health and hospice services.

For their main product, inpatient rehabilitation services, the estimated addressable market size in the U.S. is approximately $12.75 billion. This estimate is derived from Encompass Health's 2024 net operating revenue of $4.25 billion for inpatient rehabilitation and the fact that approximately one in three patients in the U.S. receiving inpatient rehabilitative care do so through an Encompass Health rehabilitation hospital.

For home health and hospice services, the addressable market size is null, as specific market sizing data was not available in the provided information. Encompass Health's net operating revenue for home health and hospice was $1.12 billion in 2024.

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Encompass Health (EHC) is expected to drive future revenue growth over the next 2-3 years through several key strategic initiatives: * Expansion of Inpatient Rehabilitation Capacity: Encompass Health is focused on expanding its network by opening new inpatient rehabilitation hospitals (de novo facilities) and adding beds to existing hospitals. The company plans to open 6 to 10 de novo hospitals and add 80 to 120 beds annually to existing facilities through 2027. This strategy directly addresses the growing demand for rehabilitative care and leads to higher patient volumes. * Increased Patient Volumes and Discharge Growth: A primary driver of revenue growth is the increase in patient admissions and discharges, which is a direct outcome of the company's capacity expansion efforts. Encompass Health has consistently reported strong discharge growth, including same-store discharge growth, contributing significantly to its overall revenue increases. * Growth in Net Patient Revenue Per Discharge: The company has observed and anticipates continued growth in net patient revenue per discharge. This can be attributed to factors such as favorable reimbursement rates, including potential market basket updates (e.g., a proposed 2.7% increase for Medicare patients starting October 1, 2025), and an optimized service mix. * Leveraging Favorable Demographic Trends: The aging U.S. population and the associated increase in demand for inpatient rehabilitation services serve as a significant underlying driver for Encompass Health's sustained growth. The company strategically targets underpenetrated markets with aging populations to meet this growing need. * Focus on Value-Based Care and Operational Efficiency: Encompass Health is actively engaged in value-based care models, which emphasize quality outcomes and cost efficiency. Additionally, investments in technology and innovation, such as telehealth and data analytics, are aimed at improving patient outcomes and streamlining operational efficiency. While not directly a revenue driver, these initiatives can enhance financial performance and market position, supporting sustainable revenue growth.

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Share Repurchases

  • A $500 million share repurchase program was authorized in July 2024.
  • Encompass Health repurchased approximately $82 million of common stock year-to-date through Q3 2025.
  • The company executed $31.1 million in annual share buybacks in 2024.

Share Issuance

  • No specific information found regarding significant dollar amounts of share issuances by Encompass Health to raise capital from external investors within the last 3-5 years.

Inbound Investments

  • No specific information found regarding large inbound investments made in Encompass Health by third-parties (e.g., strategic partners or private equity firms) within the last 3-5 years.

Outbound Investments

  • In 2022, Encompass Health spun off its home health and hospice business, Enhabit.
  • In April 2021, the company acquired the home health and hospice assets of Frontier Home Health and Hospice, which generated approximately $36 million in revenue in 2020.
  • In 2020, the company's M&A strategy focused on the home health and hospice space, with expected investments of $50 million to $100 million in growth opportunities.

Capital Expenditures

  • Growth capital expenditure (CapEx) is a top priority for Encompass Health, primarily focused on adding capacity through new hospitals (de novos) and bed expansions for inpatient rehabilitation services.
  • From 2020 through 2024, the company opened 36 new hospitals and added 474 beds to existing hospitals, increasing total bed supply by approximately 20%.
  • For 2025, Encompass Health expects to open seven new de novo hospitals and one satellite hospital, and add approximately 100-127 beds to existing facilities, with an estimated growth CapEx of about $580 million.

Better Bets than Encompass Health (EHC)

Trade Ideas

Select ideas related to EHC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CRL_11142025_Dip_Buyer_FCFYield11142025CRLCharles River Laboratories InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
21.1%21.1%-3.7%
GDRX_11142025_Dip_Buyer_High_CFO_Margins_ExInd_DE11142025GDRXGoodRxDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
-6.7%-6.7%-11.8%
ASTH_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025ASTHAstrana HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
16.7%16.7%-5.5%
SGRY_11142025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11142025SGRYSurgery PartnersDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
2.3%2.3%-1.4%
TFX_11072025_Dip_Buyer_FCFYield11072025TFXTeleflexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
11.8%11.8%-5.1%
EHC_6302022_Dip_Buyer_ValueBuy06302022EHCEncompass HealthDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
35.2%54.3%0.0%

Recent Active Movers

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Peer Comparisons for Encompass Health

Peers to compare with:

Financials

EHCSEMTHCUHSENSGEHABMedian
NameEncompas.Select M.Tenet He.Universa.Ensign Enhabit  
Mkt Price107.1114.84197.77227.08176.669.48141.88
Mkt Cap10.81.817.414.310.10.510.5
Rev LTM5,7965,36920,84616,9934,8291,0485,582
Op Inc LTM1,0022933,3471,94940262702
FCF LTM4031741,5029504958288
FCF 3Y Avg3042391,67877313252272
CFO LTM1,1084082,4781,94848162795
CFO 3Y Avg9524652,5501,64138557708

Growth & Margins

EHCSEMTHCUHSENSGEHABMedian
NameEncompas.Select M.Tenet He.Universa.Ensign Enhabit  
Rev Chg LTM11.1%45.3%-0.6%10.2%17.5%1.0%10.7%
Rev Chg 3Y Avg10.9%-0.6%3.1%8.7%18.4%-1.1%5.9%
Rev Chg Q9.4%7.2%3.2%13.4%19.8%3.9%8.3%
QoQ Delta Rev Chg LTM2.2%1.7%0.8%3.2%4.7%1.0%2.0%
Op Mgn LTM17.3%5.5%16.1%11.5%8.3%5.9%9.9%
Op Mgn 3Y Avg16.1%4.3%13.8%9.8%7.9%4.8%8.9%
QoQ Delta Op Mgn LTM0.2%0.2%0.4%0.5%-0.2%0.6%0.3%
CFO/Rev LTM19.1%7.6%11.9%11.5%10.0%5.9%10.7%
CFO/Rev 3Y Avg18.1%10.5%12.3%10.5%9.2%5.4%10.5%
FCF/Rev LTM6.9%3.2%7.2%5.6%1.0%5.5%5.6%
FCF/Rev 3Y Avg5.8%5.6%8.1%4.9%3.4%5.0%5.3%

Valuation

EHCSEMTHCUHSENSGEHABMedian
NameEncompas.Select M.Tenet He.Universa.Ensign Enhabit  
Mkt Cap10.81.817.414.310.10.510.5
P/S1.90.30.80.82.10.50.8
P/EBIT10.55.54.87.223.117.58.9
P/E19.916.312.810.430.9-40.414.6
P/CFO9.74.47.07.321.17.77.5
Total Yield5.7%8.4%7.8%10.0%3.4%-2.5%6.7%
Dividend Yield0.6%2.2%0.0%0.4%0.1%0.0%0.3%
FCF Yield 3Y Avg3.2%8.5%13.5%6.1%2.1%12.0%7.3%
D/E0.21.60.80.40.21.10.6
Net D/E0.21.50.60.30.21.00.5

Returns

EHCSEMTHCUHSENSGEHABMedian
NameEncompas.Select M.Tenet He.Universa.Ensign Enhabit  
1M Rtn-7.8%-4.7%-9.5%-6.8%-5.8%7.6%-6.3%
3M Rtn-14.7%20.1%0.5%15.0%3.9%18.6%9.5%
6M Rtn-11.6%-0.2%14.6%28.2%15.0%-0.3%7.2%
12M Rtn14.5%-21.1%52.5%25.8%31.4%23.8%24.8%
3Y Rtn85.0%16.6%324.0%63.6%87.0%-25.3%74.3%
1M Excs Rtn-8.7%2.5%-11.2%-7.5%-7.7%5.3%-7.6%
3M Excs Rtn-19.7%15.2%-4.4%10.0%-1.0%13.7%4.5%
6M Excs Rtn-24.5%-13.0%1.7%15.3%2.1%-13.2%-5.7%
12M Excs Rtn-2.7%-37.7%35.9%9.7%14.6%7.0%8.4%
3Y Excs Rtn9.6%-61.0%271.8%-10.3%5.0%-110.3%-2.7%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Inpatient4,6944,252   
Outpatient and other10797   
Home Health and Hospice   1,0781,092
Inpatient Rehabilitation   3,5663,513
Total4,8014,349 4,6444,605


Price Behavior

Price Behavior
Market Price$107.11 
Market Cap ($ Bil)10.8 
First Trading Date09/13/1989 
Distance from 52W High-15.8% 
   50 Days200 Days
DMA Price$115.09$115.16
DMA Trendupdown
Distance from DMA-6.9%-7.0%
 3M1YR
Volatility21.5%26.5%
Downside Capture62.7741.37
Upside Capture-25.7948.56
Correlation (SPY)13.3%34.9%
EHC Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.030.310.310.390.500.49
Up Beta0.360.440.550.560.550.49
Down Beta-0.560.430.410.370.440.44
Up Capture-1%-12%4%20%40%30%
Bmk +ve Days12253873141426
Stock +ve Days9182964133399
Down Capture5%54%36%53%57%70%
Bmk -ve Days7162452107323
Stock -ve Days10233361115348

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of EHC With Other Asset Classes (Last 1Y)
 EHCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return14.9%16.4%19.2%71.9%8.9%6.0%-10.1%
Annualized Volatility26.3%17.3%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio0.500.720.782.690.360.18-0.12
Correlation With Other Assets 35.4%34.8%-4.4%8.8%39.8%4.2%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
 Comparison of EHC With Other Asset Classes (Last 5Y)
 EHCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return11.4%8.6%14.9%18.7%11.7%4.8%32.7%
Annualized Volatility25.2%14.5%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.420.410.700.970.510.170.60
Correlation With Other Assets 42.6%40.9%8.6%9.1%41.0%8.4%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of EHC With Other Asset Classes (Last 10Y)
 EHCSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return16.3%9.8%14.7%14.9%6.9%5.2%69.3%
Annualized Volatility27.4%16.6%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.590.480.700.830.310.220.90
Correlation With Other Assets 49.6%50.3%1.8%18.5%48.2%8.5%

ETFs used for asset classes: Sector ETF = XLV, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity2,907,146
Short Interest: % Change Since 1130202513.9%
Average Daily Volume1,036,077
Days-to-Cover Short Interest2.81
Basic Shares Quantity100,500,000
Short % of Basic Shares2.9%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/2025-7.0%-8.2%-8.7%
8/4/20254.0%7.3%12.9%
4/24/202511.8%14.3%17.2%
2/6/20251.3%1.6%0.5%
10/28/20247.4%7.7%11.5%
8/5/2024-5.6%-3.1%4.4%
4/24/2024-0.1%0.1%2.1%
2/7/20240.9%0.8%5.1%
...
SUMMARY STATS   
# Positive151814
# Negative9610
Median Positive2.7%3.4%9.0%
Median Negative-0.8%-3.9%-6.5%
Max Positive11.8%14.3%28.3%
Max Negative-7.0%-8.2%-12.4%

SEC Filings

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Report DateFiling DateFiling
93020251031202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241101202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023503202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221102202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022503202210-Q 3/31/2022
12312021225202210-K 12/31/2021