Tearsheet

Encompass Health (EHC)


Market Price (10/31/2025): $118.0 | Market Cap: $11.9 Bil
Sector: Health Care | Industry: Health Care Facilities

Encompass Health (EHC)


Market Price (10/31/2025): $118.0
Market Cap: $11.9 Bil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%
  
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 27%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%
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 27%

Market Valuation & Key Metrics

EHC Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
EHC Return21%-20%17%13%39%27%145%
Peers Return8%22%-4%2%18%15%75%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
EHC Win Rate58%50%50%50%83%89% 
Peers Win Rate43%50%42%37%47%51% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
EHC Max Drawdown-28%-31%-17%-14%0%-1% 
Peers Max Drawdown-38%-6%-24%-12%-2%-10% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HCA, DGX, UHS, SEM, BMGL. 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 10/30/2025 (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 days1480 days

Compare to HCA, DGX, UHS, SEM, BMGL


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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Encompass Health (EHC)

Better Bets than Encompass Health (EHC)

Latest Trefis Analyses

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADMA_9302025_Dip_Buyer_ValueBuy09302025ADMAADMA BiologicsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.9%5.9%-4.6%
REGN_9302025_Dip_Buyer_ValueBuy09302025REGNRegeneron PharmaceuticalsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
16.1%16.1%-0.8%
HAE_9262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG09262025HAEHaemoneticsDip 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
2.6%2.6%-0.1%
WAT_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
14.2%14.2%-4.3%
ISRG_9052025_Monopoly_xInd_xCD_Getting_Cheaper09052025ISRGIntuitive SurgicalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%-8.0%
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%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADMA_9302025_Dip_Buyer_ValueBuy09302025ADMAADMA BiologicsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.9%5.9%-4.6%
REGN_9302025_Dip_Buyer_ValueBuy09302025REGNRegeneron PharmaceuticalsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
16.1%16.1%-0.8%
HAE_9262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG09262025HAEHaemoneticsDip 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
2.6%2.6%-0.1%
WAT_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
14.2%14.2%-4.3%
ISRG_9052025_Monopoly_xInd_xCD_Getting_Cheaper09052025ISRGIntuitive SurgicalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
15.2%15.2%-8.0%
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

Recent Active Movers

More From Trefis

Peer Comparisons for Encompass Health

Financials

EHCHCADGXUHSSEMBMGLMedian
NameEncompas.HCA Heal.Quest Di.Universa.Select M.Basel Me. 
Mkt Price116.81466.80175.75218.6914.201.57146.28
Mkt Cap11.8111.619.714.11.8-14.1
Rev LTM5,66972,69810,85016,4604,331-10,850
Op Inc LTM96811,0781,5311,812116-1,531
FCF LTM4397,2921,393902182-902
FCF 3Y Avg2505,7041,004748216-748
CFO LTM1,10511,9351,8851,900413-1,885
CFO 3Y Avg88510,4511,4541,587438-1,454

Growth & Margins

EHCHCADGXUHSSEMBMGLMedian
NameEncompas.HCA Heal.Quest Di.Universa.Select M.Basel Me. 
Rev Chg LTM11.8%6.4%13.7%9.6%5.9%-9.6%
Rev Chg 3Y Avg10.7%6.6%2.2%8.1%-10.8%-6.6%
Rev Chg Q12.0%6.4%13.2%9.6%4.5%-9.6%
QoQ Delta Rev Chg LTM2.8%1.6%3.1%2.3%1.4%-2.3%
Op Mgn LTM17.1%15.2%14.1%11.0%2.7%-14.1%
Op Mgn 3Y Avg15.9%15.0%13.1%9.5%3.7%-13.1%
QoQ Delta Op Mgn LTM0.3%0.1%0.1%0.1%0.3%-0.1%
CFO/Rev LTM19.5%16.4%17.4%11.5%9.5%-16.4%
CFO/Rev 3Y Avg17.2%15.4%14.5%10.4%10.1%-14.5%
FCF/Rev LTM7.7%10.0%12.8%5.5%4.2%-7.7%
FCF/Rev 3Y Avg4.7%8.4%10.0%4.9%5.0%-5.0%

Valuation

EHCHCADGXUHSSEMBMGLMedian
NameEncompas.HCA Heal.Quest Di.Universa.Select M.Basel Me. 
Mkt Cap11.8111.619.714.11.8-14.1
P/S2.11.51.80.90.4-1.5
P/EBIT11.910.212.57.710.9-10.9
P/E22.518.720.311.212.8-18.7
P/CFO10.69.410.47.44.2-9.4
Total Yield5.0%6.0%6.7%9.3%10.6%-6.7%
Dividend Yield0.6%0.6%1.8%0.4%2.8%-0.6%
FCF Yield 3Y Avg2.5%6.6%5.6%6.4%7.0%-6.4%
D/E0.20.40.30.41.6-0.4
Net D/E0.20.40.30.31.6-0.3

Returns

EHCHCADGXUHSSEMBMGLMedian
NameEncompas.HCA Heal.Quest Di.Universa.Select M.Basel Me. 
1M Rtn-8.0%9.5%-7.4%7.0%10.6%-13.7%-0.2%
3M Rtn6.2%32.1%5.4%31.5%-3.5%-28.3%5.8%
6M Rtn1.0%36.6%0.0%25.5%-21.4%-61.4%0.5%
12M Rtn16.0%30.4%14.8%5.8%-20.1%-14.8%
3Y Rtn119.8%120.1%30.0%91.6%6.0%-91.6%
1M Excs Rtn-7.8%7.9%-4.7%5.8%8.3%-10.6%0.6%
3M Excs Rtn-1.6%21.6%-6.0%25.0%4.2%-31.6%1.3%
6M Excs Rtn-20.7%14.8%-21.7%3.8%-43.2%-83.2%-21.2%
12M Excs Rtn9.1%14.8%-2.3%-9.8%-35.5%--2.3%
3Y Excs Rtn67.5%46.5%-47.2%52.8%-66.1%-46.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Inpatient4,6944,2523,918  
Outpatient and other1079797  
Home Health and Hospice   1,0781,092
Inpatient Rehabilitation   3,5663,513
Total4,8014,3494,0154,6444,605


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity1,656,513
Short Interest: % Change Since 9302025-4.9%
Average Daily Volume644,114
Days-to-Cover Short Interest2.57
Basic Shares Quantity100,600,000
Short % of Basic Shares1.6%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/2025-7.0%  
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%-3.1%-6.2%
Max Positive11.8%14.3%28.3%
Max Negative-7.0%-5.4%-12.4%

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Tuer Patrick WilliamEVP, Chief Operating Officer8272025Sell123.591,020126,0622,329,177Form
1Charbonneau Elissa JoyChief Medical Officer5072025Sell116.614,279498,9741,394,429Form
2Price Andrew LChief Accounting Officer2132025Sell98.295,042495,5786,798,130Form