Encompass Health (EHC)
Market Price (7/13/2026): $110.125 | Market Cap: $10.9 BilSector: Health Care | Industry: Health Care Facilities
Encompass Health (EHC)
Market Price (7/13/2026): $110.125Market Cap: $10.9 BilSector: Health CareIndustry: Health Care Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20% Low stock price volatilityVol 12M is 28% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Remote Patient Monitoring, Show more. | Weak multi-year price returns2Y Excs Rtn is -5.1%, 3Y Excs Rtn is -1.8% | Key risksEHC key risks include the cascading fallout from a major exposé on systemic patient safety failures, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20% |
| Low stock price volatilityVol 12M is 28% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, and Digital Health & Telemedicine. Themes include Geriatric Care, Remote Patient Monitoring, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -5.1%, 3Y Excs Rtn is -1.8% |
| Key risksEHC key risks include the cascading fallout from a major exposé on systemic patient safety failures, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Encompass Health (EHC) stock has gained about 15% since 3/31/2026 because of the following key factors:
1. Encompass Health reported a robust performance in its fiscal Q1 2026, significantly exceeding analyst expectations. The company posted diluted earnings per share (EPS) of $1.60, beating the consensus estimate of $1.51 by $0.09. Additionally, quarterly revenue increased by 9.0% year-over-year, reaching $1.59 billion, which was above analyst estimates of $1.57 billion.
2. Following its strong Q1 2026 results, Encompass Health raised its full-year 2026 financial guidance. The updated guidance indicates increased expectations for net operating revenue, signaling management's confidence in continued operational strength and future growth prospects.
Show more
Encompass Health (EHC) stock has gained about 15% since 3/31/2026 because of the following key factors:
1. Encompass Health reported a robust performance in its fiscal Q1 2026, significantly exceeding analyst expectations. The company posted diluted earnings per share (EPS) of $1.60, beating the consensus estimate of $1.51 by $0.09. Additionally, quarterly revenue increased by 9.0% year-over-year, reaching $1.59 billion, which was above analyst estimates of $1.57 billion.
2. Following its strong Q1 2026 results, Encompass Health raised its full-year 2026 financial guidance. The updated guidance indicates increased expectations for net operating revenue, signaling management's confidence in continued operational strength and future growth prospects.
3. The company garnered positive sentiment and favorable price targets from Wall Street analysts. Multiple analysts maintained "Buy" or "Strong Buy" ratings for EHC, with a consensus price target of $143.86 (as of July 2, 2026), suggesting a substantial upside potential of approximately 35.63% from its then-current price.
4. Encompass Health demonstrated strategic expansion and increased its operational capacity. During fiscal Q1 2026, the company opened a new 49-bed hospital in Irmo, South Carolina, and added 44 beds to existing facilities. This growth strategy continued with plans to open eight new hospitals and add approximately 175 beds to existing hospitals throughout the full fiscal year 2026.
Show less
Stock Movement Drivers
Fundamental Drivers
The 14.3% change in EHC stock from 3/31/2026 to 7/12/2026 was primarily driven by a 5.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 96.36 | 110.16 | 14.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,935 | 6,066 | 2.2% |
| Net Income Margin (%) | 9.5% | 10.0% | 5.3% |
| P/E Multiple | 17.1 | 17.9 | 4.9% |
| Shares Outstanding (Mil) | 100 | 99 | 1.3% |
| Cumulative Contribution | 14.3% |
Market Drivers
3/31/2026 to 7/12/2026| Return | Correlation | |
|---|---|---|
| EHC | 14.3% | |
| Market (SPY) | 16.1% | -15.9% |
| Sector (XLV) | 9.7% | 19.5% |
Fundamental Drivers
The 4.4% change in EHC stock from 12/31/2025 to 7/12/2026 was primarily driven by a 7.6% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 105.54 | 110.16 | 4.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,796 | 6,066 | 4.7% |
| Net Income Margin (%) | 9.3% | 10.0% | 7.6% |
| P/E Multiple | 19.6 | 17.9 | -8.5% |
| Shares Outstanding (Mil) | 100 | 99 | 1.3% |
| Cumulative Contribution | 4.4% |
Market Drivers
12/31/2025 to 7/12/2026| Return | Correlation | |
|---|---|---|
| EHC | 4.4% | |
| Market (SPY) | 11.0% | 3.5% |
| Sector (XLV) | 4.3% | 23.9% |
Fundamental Drivers
The -9.4% change in EHC stock from 6/30/2025 to 7/12/2026 was primarily driven by a -27.4% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 121.59 | 110.16 | -9.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,513 | 6,066 | 10.0% |
| Net Income Margin (%) | 9.0% | 10.0% | 11.9% |
| P/E Multiple | 24.7 | 17.9 | -27.4% |
| Shares Outstanding (Mil) | 100 | 99 | 1.3% |
| Cumulative Contribution | -9.4% |
Market Drivers
6/30/2025 to 7/12/2026| Return | Correlation | |
|---|---|---|
| EHC | -9.4% | |
| Market (SPY) | 23.2% | 7.7% |
| Sector (XLV) | 20.9% | 22.6% |
Fundamental Drivers
The 66.3% change in EHC stock from 6/30/2023 to 7/12/2026 was primarily driven by a 64.8% change in the company's Net Income Margin (%).| (LTM values as of) | 6302023 | 7122026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.24 | 110.16 | 66.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,450 | 6,066 | 36.3% |
| Net Income Margin (%) | 6.1% | 10.0% | 64.8% |
| P/E Multiple | 24.3 | 17.9 | -26.1% |
| Shares Outstanding (Mil) | 99 | 99 | 0.2% |
| Cumulative Contribution | 66.3% |
Market Drivers
6/30/2023 to 7/12/2026| Return | Correlation | |
|---|---|---|
| EHC | 66.3% | |
| Market (SPY) | 76.3% | 27.4% |
| Sector (XLV) | 26.9% | 34.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EHC Return | -20% | 17% | 13% | 39% | 16% | 5% | 79% |
| Peers Return | 22% | -16% | 43% | 17% | 43% | 2% | 152% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| EHC Win Rate | 50% | 50% | 50% | 83% | 75% | 57% | |
| Peers Win Rate | 58% | 50% | 58% | 53% | 63% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| EHC Max Drawdown | -36% | -27% | -18% | -11% | -17% | -15% | |
| Peers Max Drawdown | -32% | -47% | -28% | -27% | -22% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: THC, UHS, ENSG, USPH, BKD. 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] 2026 data is for the year up to 7/10/2026 (YTD)
How Low Can It Go
| Event | EHC | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.2% | -9.5% |
| % Gain to Breakeven | 11.3% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.3% | -6.7% |
| % Gain to Breakeven | 19.5% | 7.1% |
| Time to Breakeven | 24 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.0% | -24.5% |
| % Gain to Breakeven | 23.4% | 32.4% |
| Time to Breakeven | 43 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.5% | -33.7% |
| % Gain to Breakeven | 65.4% | 50.9% |
| Time to Breakeven | 246 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.9% | -19.2% |
| % Gain to Breakeven | 29.7% | 23.8% |
| Time to Breakeven | 385 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -31.2% | -12.2% |
| % Gain to Breakeven | 45.4% | 13.9% |
| Time to Breakeven | 420 days | 62 days |
In The Past
Encompass Health's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.4% 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.
| Event | EHC | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -39.5% | -33.7% |
| % Gain to Breakeven | 65.4% | 50.9% |
| Time to Breakeven | 246 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.9% | -19.2% |
| % Gain to Breakeven | 29.7% | 23.8% |
| Time to Breakeven | 385 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -31.2% | -12.2% |
| % Gain to Breakeven | 45.4% | 13.9% |
| Time to Breakeven | 420 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -44.2% | -17.9% |
| % Gain to Breakeven | 79.3% | 21.8% |
| Time to Breakeven | 534 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -70.0% | -53.4% |
| % Gain to Breakeven | 233.7% | 114.4% |
| Time to Breakeven | 678 days | 1085 days |
In The Past
Encompass Health's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.4% 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 Encompass Health (EHC)
Encompass Health Corporation (EHC) is a prominent provider of post-acute healthcare services across the United States. The company operates through two primary segments: Inpatient Rehabilitation and Home Health and Hospice. Its Inpatient Rehabilitation segment specializes in delivering comprehensive rehabilitative treatment to patients recovering from serious conditions such as strokes, neurological disorders, cardiac and pulmonary issues, brain and spinal cord injuries, and complex orthopedic conditions. These services, offered on both an inpatient and outpatient basis, are crucial for patients aiming to regain function and improve their quality of life.
EHC's Home Health and Hospice segment extends care into patients' homes, primarily serving the Southeast and Texas. The home health services provide a wide array of Medicare-certified care to adult patients, including skilled nursing, medical social work, home health aide assistance, and various therapies like physical, occupational, and speech therapy. Complementing this, the hospice services offer compassionate in-home care for terminally ill patients and their families, focusing on comfort and support during a critical time. The company operates a significant network of facilities, including 147 rehabilitation hospitals, 251 home health locations, and 96 hospice locations across 42 states and Puerto Rico as of early 2022.
AI Analysis | Feedback
Analogies for Encompass Health (EHC):
- Like HCA Healthcare for specialized recovery and at-home care.
AI Analysis | Feedback
- Inpatient Rehabilitation Services: Specialized medical rehabilitation programs offered on an inpatient and outpatient basis for patients recovering from various complex conditions and injuries.
- Home Health Services: A range of Medicare-certified home nursing and therapy services provided to adult patients in their homes.
- Hospice Services: In-home care and support services designed for terminally ill patients and their families.
AI Analysis | Feedback
Encompass Health (EHC) Major Customers
Encompass Health (EHC) primarily serves individual patients directly, providing specialized post-acute healthcare services. The company does not sell its services to other companies.
Its major customer categories include:
- Patients in Inpatient Rehabilitation: Individuals recovering from serious medical events or conditions such as stroke, other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions, and amputations, who require intensive rehabilitative treatment.
- Adult Patients Requiring Home Health Services: Adults in need of skilled nursing, medical social work, home health aide services, and various therapies (physical, occupational, speech) in a home setting.
- Terminally Ill Patients and Their Families: Individuals receiving in-home hospice services for end-of-life care, along with support for their families.
AI Analysis | Feedback
AI Analysis | Feedback
Mark J. Tarr, President and Chief Executive Officer
Mark Tarr has served as President and Chief Executive Officer for Encompass Health since December 29, 2016. He joined Encompass Health in 1993, holding various management positions, including Executive Vice President and Chief Operating Officer from 2011-2016, Executive Vice President of Operations since August 1, 2007, and President of the company's inpatient division since September 2004. Prior to his time at Encompass Health, Tarr held administrative positions at Tenet Healthcare and Charter Medical, and an early career role at Georgia-Pacific.
Douglas E. Coltharp, Executive Vice President and Chief Financial Officer
Douglas E. Coltharp was named Chief Financial Officer of Encompass Health on May 6, 2010. Before joining Encompass Health, Coltharp served as a partner at Arlington Capital Advisors and Arlington Investment Partners, LLC, which is described as a boutique investment banking and private equity firm. He also spent 11 years as Executive Vice President and Chief Financial Officer for Saks Inc., a Fortune 1000 national retailer, where he was responsible for recapitalizing the company and guiding it through a series of acquisitions and organic growth strategies. Coltharp began his career in 1987 at NationsBank, N.A. (now part of Bank of America), rising to Senior Vice President and head of Southeast Corporate Banking, where he advised Fortune 1000 companies on capital raising. He serves on the board of Under Armour, Inc.
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. He previously served as group president of Encompass Health's Northeast and MidAtlantic regions since August 2023, and as president of the company's Northeast region since March 2021. Prior to Encompass Health, Tuer worked for Select Medical for more than four years, where he held roles including 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 was named Executive Vice President, General Counsel and Corporate Secretary of Encompass Health in February 2016. Before joining the company, Darby was a partner for 25 years at the law firm of Bradley Arant Boult Cummings LLP in Birmingham, Alabama, specializing in corporate restructuring. He clerked on the United States Circuit Court of Appeals for the Second Circuit and is a Fellow in the American College of Bankruptcy.
Dr. Elissa Charbonneau, Chief Medical Officer
Dr. Elissa Charbonneau was appointed Chief Medical Officer of Encompass Health in June 2015. Previously, she served as the company's Vice President of Medical Services. From 2001 to early 2015, Dr. Charbonneau was Medical Director at New England Rehabilitation Hospital of Portland, a joint venture of Maine Medical Center and Encompass Health, where she had been a staff physician since 1992.
AI Analysis | Feedback
Here are the key risks to Encompass Health (EHC):
- Regulatory and Reimbursement Risks: Encompass Health's operations are highly susceptible to the complex and evolving regulatory environment, particularly changes in Medicare payment systems and reimbursement policies. Approximately 60% of the company's revenue is tied to Medicare and Medicaid, making it vulnerable to shifts in government healthcare policy, payment cuts, and heightened scrutiny from the Centers for Medicare & Medicaid Services (CMS). The rapid transition to Medicare Advantage plans poses a significant risk, as these plans often implement aggressive prior authorization practices and tighter admission criteria, potentially redirecting patients to lower-cost care settings and impacting Encompass Health's inpatient rehabilitation facility (IRF) utilization. The company faces ongoing audit risks and potential penalties related to compliance, billing practices, and quality-of-care issues.
- Patient Safety, Quality of Care, and Associated Litigation/Reputational Risks: Encompass Health faces significant risks related to maintaining a consistently high quality of patient care. Reports, including a high-profile New York Times article, have raised concerns about patient safety and performance at some of its rehabilitation hospitals, citing serious incidents of patient harm, below-average performance on key safety measures like preventable readmissions, and even patient deaths. Such issues can lead to increased regulatory scrutiny, potential litigation (including class-action lawsuits alleging misleading disclosures), and damage to the company's reputation, ultimately impacting patient volumes and investor confidence.
- Workforce Shortages and Increased Labor Costs: The broader healthcare sector is experiencing a significant shortage of clinical personnel, which poses a direct challenge to Encompass Health. This can necessitate increased reliance on contract labor and premium pay programs, leading to higher operational costs and potential disruptions in service quality. Persistent labor shortages can also constrain the company's growth initiatives and pressure profit margins.
AI Analysis | Feedback
The emergence of hospital-at-home programs and other intensive home-based care models poses a clear emerging threat to Encompass Health's inpatient rehabilitation segment. These programs leverage technology and coordinated care to deliver facility-level medical and rehabilitative services in a patient's home, offering a potentially more convenient and cost-effective alternative to traditional inpatient rehabilitation facilities for a growing segment of patients.
AI Analysis | Feedback
For Encompass Health Corporation (EHC), the addressable markets for their main products and services in the United States are as follows:
- Inpatient Rehabilitation: The U.S. medical rehabilitation services market, which includes both inpatient and outpatient settings, generated an estimated revenue of approximately USD 97.25 billion in 2024. This market is projected to grow to about USD 137.11 billion by 2030. Another estimate for the broader rehabilitation industry projects a market size of USD 49.9 billion by 2024.
- Home Health Services: The U.S. home healthcare market size was estimated at approximately USD 162.35 billion in 2024 and is expected to reach about USD 381.40 billion by 2033.
- Hospice Services: The U.S. hospice market was estimated at approximately USD 29.92 billion in 2024 and is projected to reach about USD 39.09 billion by 2030.
AI Analysis | Feedback
- Expansion of Inpatient Rehabilitation Hospitals and Capacity Additions: A primary driver of revenue growth for Encompass Health is its aggressive strategy of building new inpatient rehabilitation hospitals (de novo projects) and expanding bed capacity in existing facilities. The company plans to open between 6 and 10 new hospitals annually through 2027 and add 80 to 120 beds to existing hospitals each year. This expansion aims to meet the underserved and growing demand for inpatient rehabilitation services. For example, plans for new 50-bed hospitals in Norristown, Pennsylvania, and San Antonio, Texas, are expected to open in 2026, and in Wesley Chapel, Florida, and Apollo Beach, Florida, by 2027. In 2025, Encompass Health added 517 beds through its investments in capacity.
- Increased Patient Discharges and Volume Growth: The company consistently reports revenue growth driven by an increase in total patient discharges, stemming from both new facility openings and same-store growth. For example, Q1 2024 revenue growth was primarily driven by a 10% increase in total discharges, including 6.7% same-store growth. In Q4 2025, total discharges grew 5.3% year-over-year, with same-store discharge growth of 3.2%. Analysts project Encompass Health's 2025 revenue to reach approximately $5.9 billion, reflecting continued expansion and market penetration.
- Favorable Pricing and Payer Mix, including Medicare Advantage: Encompass Health benefits from increases in net revenue per discharge, attributed in part to a favorable patient mix and high-quality patient outcomes. The company has successfully increased its Medicare Advantage (MA) payer mix, which nearly doubled from just under 9% in 2019 to almost 17% by the end of 2025. Furthermore, their 2026 guidance anticipates a Medicare pricing increase of approximately 3.0% and a Managed Care pricing increase of 2.0% to 3.0%.
- Demographic Tailwinds from an Aging Population: A significant underlying driver for Encompass Health's services is the ongoing demographic trend of an aging population. The "Baby Boomer generation" is increasingly requiring post-acute rehabilitation care, creating a sustained and growing demand for the company's specialized services. This demographic shift ensures a predictable long-term demand curve for inpatient rehabilitation.
AI Analysis | Feedback
Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Encompass Health allocated $160 million towards share repurchases in 2025.
- The company reported $31.1 million in annual share buybacks in 2024.
- For the quarter ending September 30, 2025, share buybacks amounted to $24.9 million.
Share Issuance
- Encompass Health's shares outstanding were 0.102 billion in 2025.
- Shares outstanding in 2024 were 0.102 billion, a 0.89% increase from 2023.
- In 2023, shares outstanding were 0.101 billion, a 0.9% increase from 2022.
Outbound Investments
- On July 1, 2022, Encompass Health completed the spin-off of Enhabit Home Health & Hospice, establishing it as an independent, publicly traded company.
Capital Expenditures
- Capital expenditures reached $736 million in 2025, with $527 million specifically allocated for growth capital expenditures.
- For 2026, the company projects approximately $725 million in growth-related capital expenditures.
- The primary focus of capital expenditures is on expanding capacity by adding 500 to 600 beds annually through new facilities (de novo hospitals) and additions to existing hospitals, alongside investments in hospital-based technologies and IT infrastructure upgrades.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 132.87 |
| Mkt Cap | 9.6 |
| Rev LTM | 5,670 |
| Op Inc LTM | 768 |
| FCF LTM | 340 |
| FCF 3Y Avg | 282 |
| CFO LTM | 896 |
| CFO 3Y Avg | 742 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.2% |
| Rev Chg 3Y Avg | 10.1% |
| Rev Chg Q | 10.2% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 20.7% |
| Op Inc Chg 3Y Avg | 18.2% |
| Op Mgn LTM | 10.9% |
| Op Mgn 3Y Avg | 10.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 11.0% |
| CFO/Rev 3Y Avg | 11.2% |
| FCF/Rev LTM | 6.3% |
| FCF/Rev 3Y Avg | 5.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.6 |
| P/S | 1.2 |
| P/Op Inc | 11.9 |
| P/EBIT | 11.2 |
| P/E | 14.2 |
| P/CFO | 11.9 |
| Total Yield | 5.1% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 9.7% |
| 3M Rtn | -0.8% |
| 6M Rtn | -0.7% |
| 12M Rtn | 8.0% |
| 3Y Rtn | 78.2% |
| 1M Excs Rtn | 7.8% |
| 3M Excs Rtn | -13.0% |
| 6M Excs Rtn | -11.6% |
| 12M Excs Rtn | -14.8% |
| 3Y Excs Rtn | 6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Inpatient | 5,756 | 5,230 | 4,694 | 4,252 | |
| Other | 179 | 143 | 107 | 97 | |
| Home Health and Hospice | 1,107 | ||||
| Inpatient rehabilitation | 4,015 | ||||
| Total | 5,935 | 5,373 | 4,801 | 4,349 | 5,122 |
| $ Mil | 2006 | 2005 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|
| Inpatient | 360 | 393 | |||
| Surgery Centers | 93 | 81 | |||
| Outpatient | 27 | 32 | |||
| Diagnostic | -27 | -1 | |||
| Inpatient and other clinical services | 565 | 423 | |||
| Outpatient Services | 565 | 494 | 346 | ||
| Rehabilitation service/Clinic | 226 | ||||
| Total | 453 | 505 | 1,130 | 917 | 571 |
| $ Mil | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Inpatient rehabilitation | 5,143 | 4,835 | 4,501 | 3,901 | 3,789 |
| Home Health and Hospice | 1,722 | 1,611 | 1,613 | 1,315 | 1,150 |
| Reclassification of noncurrent deferred income tax liabilities to net noncurrent deferred income tax | -34 | -40 | -46 | ||
| Total | 6,865 | 6,446 | 6,081 | 5,175 | 4,894 |
Price Behavior
| Market Price | $110.16 | |
| Market Cap ($ Bil) | 10.9 | |
| First Trading Date | 09/13/1989 | |
| Distance from 52W High | -12.9% | |
| 50 Days | 200 Days | |
| DMA Price | $103.85 | $107.63 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 6.1% | 2.3% |
| 3M | 1YR | |
| Volatility | 31.0% | 28.2% |
| Downside Capture | -130.93 | 18.71 |
| Upside Capture | -65.29 | 6.56 |
| Correlation (SPY) | -24.1% | 8.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.91 | -0.63 | -0.34 | 0.11 | 0.19 | 0.45 |
| Up Beta | 0.74 | -0.08 | -0.15 | 0.36 | 0.37 | 0.51 |
| Down Beta | -0.16 | -0.24 | -0.37 | -0.08 | 0.04 | 0.37 |
| Up Capture | -180% | -67% | -19% | 1% | 3% | 20% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 17 | 29 | 53 | 115 | 384 |
| Down Capture | -142% | -124% | -83% | 20% | 42% | 66% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 24 | 34 | 72 | 137 | 365 |
[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 EHC | |
|---|---|---|---|---|
| EHC | -5.8% | 28.0% | -0.22 | - |
| Sector ETF (XLV) | 20.3% | 15.7% | 0.98 | 23.2% |
| Equity (SPY) | 22.1% | 12.5% | 1.31 | 7.9% |
| Gold (GLD) | 23.5% | 27.8% | 0.75 | 1.0% |
| Commodities (DBC) | 23.6% | 18.7% | 0.99 | -11.8% |
| Real Estate (VNQ) | 13.4% | 13.9% | 0.67 | 28.5% |
| Bitcoin (BTCUSD) | -42.5% | 42.8% | -1.17 | 3.4% |
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 EHC | |
|---|---|---|---|---|
| EHC | 12.8% | 26.2% | 0.45 | - |
| Sector ETF (XLV) | 6.5% | 14.9% | 0.25 | 40.9% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 37.8% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 6.6% |
| Commodities (DBC) | 7.3% | 19.5% | 0.27 | 5.7% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 40.2% |
| Bitcoin (BTCUSD) | 13.8% | 53.4% | 0.44 | 11.0% |
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 EHC | |
|---|---|---|---|---|
| EHC | 15.2% | 27.3% | 0.55 | - |
| Sector ETF (XLV) | 10.3% | 16.6% | 0.51 | 48.3% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 48.4% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 3.3% |
| Commodities (DBC) | 6.0% | 18.0% | 0.26 | 15.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 48.1% |
| Bitcoin (BTCUSD) | 58.6% | 66.2% | 0.99 | 8.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | 7.5% | 7.2% | 2.7% |
| 2/5/2026 | 5.9% | 12.6% | 9.1% |
| 10/29/2025 | -7.0% | -8.2% | -8.7% |
| 8/4/2025 | 4.0% | 7.3% | 12.9% |
| 4/24/2025 | 11.8% | 14.3% | 17.2% |
| 2/6/2025 | 1.3% | 1.6% | 0.5% |
| 10/28/2024 | 7.4% | 7.7% | 11.5% |
| 8/5/2024 | -5.6% | -3.1% | 4.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 18 | 14 |
| # Negative | 8 | 5 | 9 |
| Median Positive | 3.3% | 4.3% | 7.3% |
| Median Negative | -1.8% | -4.6% | -6.2% |
| Max Positive | 11.8% | 14.3% | 28.3% |
| Max Negative | -7.0% | -8.2% | -8.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | 7.5% | 7.2% | 2.7% |
| 2/5/2026 | 5.9% | 12.6% | 9.1% |
| 10/29/2025 | -7.0% | -8.2% | -8.7% |
| 8/4/2025 | 4.0% | 7.3% | 12.9% |
| 4/24/2025 | 11.8% | 14.3% | 17.2% |
| 2/6/2025 | 1.3% | 1.6% | 0.5% |
| 10/28/2024 | 7.4% | 7.7% | 11.5% |
| 8/5/2024 | -5.6% | -3.1% | 4.4% |
| 4/24/2024 | -0.1% | 0.1% | 2.1% |
| 2/7/2024 | 0.9% | 0.8% | 5.1% |
| 10/26/2023 | -0.6% | 3.3% | 6.4% |
| 8/1/2023 | 5.1% | 8.2% | 8.1% |
| 4/27/2023 | 1.1% | -0.8% | -5.6% |
| 2/7/2023 | 2.7% | 4.5% | -8.2% |
| 10/26/2022 | 2.0% | 5.7% | 11.8% |
| 8/1/2022 | 0.4% | 4.2% | -3.6% |
| 4/27/2022 | 4.8% | 5.0% | -1.9% |
| 10/27/2021 | -2.8% | -4.6% | -6.8% |
| 7/27/2021 | -0.1% | 3.6% | -4.2% |
| 4/27/2021 | 1.2% | 0.8% | 1.5% |
| 1/26/2021 | -4.1% | -5.4% | -6.2% |
| 10/28/2020 | -0.8% | 0.7% | 28.3% |
| 7/27/2020 | 3.3% | 2.1% | -7.6% |
| SUMMARY STATS | |||
| # Positive | 15 | 18 | 14 |
| # Negative | 8 | 5 | 9 |
| Median Positive | 3.3% | 4.3% | 7.3% |
| Median Negative | -1.8% | -4.6% | -6.2% |
| Max Positive | 11.8% | 14.3% | 28.3% |
| Max Negative | -7.0% | -8.2% | -8.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
| 06/30/2019 | 07/31/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net operating revenue | 6.38 Bil | 6.42 Bil | 6.47 Bil | 0.1% | Raised | Guidance: 6.42 Bil for 2026 | |
| 2026 Adjusted EBITDA | 1.35 Bil | 1.36 Bil | 1.38 Bil | 0.4% | Raised | Guidance: 1.36 Bil for 2026 | |
| 2026 Adjusted earnings per share from continuing operations attributable to Encompass Health | 5.89 | 6 | 6.11 | 0.8% | Raised | Guidance: 5.96 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net operating revenue | 6.37 Bil | 6.42 Bil | 6.46 Bil | 8.2% | Higher New | Actual: 5.93 Bil for 2025 | |
| 2026 Adjusted EBITDA | 1.34 Bil | 1.36 Bil | 1.38 Bil | 9.2% | Higher New | Actual: 1.25 Bil for 2025 | |
| 2026 Adjusted earnings per share from continuing operations attributable to Encompass Health | 5.81 | 5.96 | 6.1 | 12.5% | Higher New | Actual: 5.29 for 2025 | |
| 2026 Interest expense and amortization of debt discounts and fees | 120.00 Mil | -4.0% | Lower New | Actual: 125.00 Mil for 2025 | |||
| 2026 Amortization of debt-related items | 10.00 Mil | 0 | Same New | Actual: 10.00 Mil for 2025 | |||
Q3 2025 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Net operating revenue | 5.91 Bil | 5.93 Bil | 5.96 Bil | 0 | Affirmed | Guidance: 5.93 Bil for 2025 | |
| 2025 Adjusted EBITDA | 1.24 Bil | 1.25 Bil | 1.25 Bil | 0.8% | Raised | Guidance: 1.24 Bil for 2025 | |
| 2025 Adjusted earnings per share from continuing operations attributable to Encompass Health | 5.22 | 5.29 | 5.37 | 1.2% | Raised | Guidance: 5.23 for 2025 | |
| 2025 Interest expense and amortization of debt discounts and fees | 125.00 Mil | 0 | Affirmed | Guidance: 125.00 Mil for 2025 | |||
| 2025 Amortization of debt-related items | 10.00 Mil | 0 | Affirmed | Guidance: 10.00 Mil for 2025 | |||
Insider Activity
Updated 5/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Coltharp, Douglas E | EVP & Chief Financial Officer | Direct | Sell | 5182026 | 106.83 | 27,694 | 2,958,550 | 7,411,546 | Form |
| 2 | Tuer, Patrick William | EVP, Chief Operating Officer | Direct | Sell | 5122026 | 104.56 | 682 | 71,310 | 2,588,383 | Form |
| 3 | Fay, Edmund | Sr. Vice Pres. and Treasurer | Direct | Sell | 3102026 | 107.00 | 11,937 | 1,277,259 | 9,557,775 | Form |
| 4 | Tarr, Mark J | President & CEO | Direct | Sell | 2122026 | 111.64 | 150,000 | 16,746,688 | 42,097,825 | Form |
| 5 | Tuer, Patrick William | EVP, Chief Operating Officer | Direct | Sell | 2102026 | 107.62 | 2,804 | 301,766 | 1,726,440 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Coltharp, Douglas E | EVP & Chief Financial Officer | Direct | Sell | 5182026 | 106.83 | 27,694 | 2,958,550 | 7,411,546 | Form |
| 2 | Tuer, Patrick William | EVP, Chief Operating Officer | Direct | Sell | 5122026 | 104.56 | 682 | 71,310 | 2,588,383 | Form |
| 3 | Fay, Edmund | Sr. Vice Pres. and Treasurer | Direct | Sell | 3102026 | 107.00 | 11,937 | 1,277,259 | 9,557,775 | Form |
| 4 | Tarr, Mark J | President & CEO | Direct | Sell | 2122026 | 111.64 | 150,000 | 16,746,688 | 42,097,825 | Form |
| 5 | Tuer, Patrick William | EVP, Chief Operating Officer | Direct | Sell | 2102026 | 107.62 | 2,804 | 301,766 | 1,726,440 | Form |
| 6 | Tuer, Patrick William | EVP, Chief Operating Officer | Direct | Sell | 8272025 | 123.59 | 1,020 | 126,062 | 2,329,177 | Form |
| 7 | Tarr, Mark J | President & CEO | Direct | Sell | 5202025 | 121.53 | 118,384 | 14,387,152 | 64,054,570 | Form |
| 8 | Charbonneau, Elissa Joy | Chief Medical Officer | Direct | Sell | 5072025 | 116.61 | 4,279 | 498,974 | 1,394,429 | Form |
| 9 | Darby, John Patrick | EVP, Gen Counsel & Secretary | Direct | Sell | 4302025 | 114.79 | 10,000 | 1,147,900 | 9,149,911 | Form |
| 10 | Coltharp, Douglas E | EVP & Chief Financial Officer | Direct | Sell | 4302025 | 115.15 | 43,575 | 5,017,538 | 6,947,404 | Form |
Encompass Health — Investor Video Playlist
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.