Stocks · Health care · Services-Hospitals

Encompass Health Corp

EHC Clue Score63
United States Fiscal year ends December CIK 0000785161
$123.33 +0.64% Close, 9 Oct 2026
Price $123.33 +79.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 29 Dec 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,642.6Operating income588.1Net income247.6EPS, diluted2.59Fiscal year 2017Revenue3,913.9 +7.4%Operating income578.3Net income271.1 +9.5%EPS, diluted2.84 +9.7%Fiscal year 2018Revenue4,277.3 +9.3%Operating income555.2Net income292.3 +7.8%EPS, diluted2.93 +3.2%Fiscal year 2019Revenue4,605.0 +7.7%Operating income612.1Net income358.7 +22.7%EPS, diluted3.61 +23.2%Fiscal year 2020Revenue3,566.3 −22.6%Operating income563.9Net income284.2 −20.8%EPS, diluted2.85 −21.1%Fiscal year 2021Revenue4,014.9 +12.6%Operating income559.6Net income412.2 +45.0%EPS, diluted4.11 +44.2%Fiscal year 2022Revenue4,348.6 +8.3%Operating income539.5Net income271.0 −34.3%EPS, diluted2.70 −34.3%Fiscal year 2023Revenue4,801.2 +10.4%Net income352.0 +29.9%EPS, diluted3.47 +28.5%Fiscal year 2024Revenue5,373.2 +11.9%Net income455.7 +29.5%EPS, diluted4.46 +28.5%Fiscal year 2025Revenue5,935.2 +10.5%Net income566.2 +24.2%EPS, diluted5.54 +24.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,642.6 3,913.9 4,277.3 4,605.0 3,566.3 4,014.9 4,348.6 4,801.2 5,373.2 5,935.2
Growth +7.4% +9.3% +7.7% −22.6% +12.6% +8.3% +10.4% +11.9% +10.5%
Operating income 588.1 578.3 555.2 612.1 563.9 559.6 539.5 n/a n/a n/a
Net income 247.6 271.1 292.3 358.7 284.2 412.2 271.0 352.0 455.7 566.2
Growth +9.5% +7.8% +22.7% −20.8% +45.0% −34.3% +29.9% +29.5% +24.2%
EPS, diluted 2.59 2.84 2.93 3.61 2.85 4.11 2.70 3.47 4.46 5.54
Growth +9.7% +3.2% +23.2% −21.1% +44.2% −34.3% +28.5% +28.5% +24.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin16.1%Net margin6.8%Free cash flow margin12.7%Fiscal year 2017Operating margin14.8%Net margin6.9%Free cash flow margin11.1%Fiscal year 2018Operating margin13.0%Net margin6.8%Free cash flow margin11.9%Fiscal year 2019Operating margin13.3%Net margin7.8%Free cash flow margin5.7%Fiscal year 2020Operating margin15.8%Net margin8.0%Free cash flow margin8.7%Fiscal year 2021Operating margin13.9%Net margin10.3%Free cash flow margin4.8%Fiscal year 2022Operating margin12.4%Net margin6.2%Free cash flow margin3.2%Fiscal year 2023Net margin7.3%Free cash flow margin5.6%Fiscal year 2024Net margin8.5%Free cash flow margin6.7%Fiscal year 2025Net margin9.5%Free cash flow margin7.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 16.1% 14.8% 13.0% 13.3% 15.8% 13.9% 12.4% n/a n/a n/a
Net margin 6.8% 6.9% 6.8% 7.8% 8.0% 10.3% 6.2% 7.3% 8.5% 9.5%
Free cash flow margin 12.7% 11.1% 11.9% 5.7% 8.7% 4.8% 3.2% 5.6% 6.7% 7.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow640.2Capital expenditure−177.7Free cash flow462.5Buybacks−65.6Dividends paid−83.8Fiscal year 2017Operating cash flow658.3Capital expenditure−225.8Free cash flow432.5 −6.5%Buybacks−38.1Dividends paid−91.5Fiscal year 2018Operating cash flow762.4Capital expenditure−254.5Free cash flow507.9 +17.4%Buybacks0.0Dividends paid−100.8Fiscal year 2019Operating cash flow635.3Capital expenditure−372.4Free cash flow262.9 −48.2%Buybacks−45.9Dividends paid−108.7Fiscal year 2020Operating cash flow704.7Capital expenditure−392.8Free cash flow311.9 +18.6%Buybacks−6.1Dividends paid−111.8Fiscal year 2021Operating cash flow715.8Capital expenditure−524.6Free cash flow191.2 −38.7%Buybacks0.0Dividends paid−112.2Fiscal year 2022Operating cash flow705.8Capital expenditure−564.8Free cash flow141.0 −26.3%Buybacks0.0Dividends paid−99.0Fiscal year 2023Operating cash flow850.8Capital expenditure−583.1Free cash flow267.7 +89.9%Buybacks0.0Dividends paid−60.4Fiscal year 2024Operating cash flow1,002.8Capital expenditure−642.5Free cash flow360.3 +34.6%Buybacks−31.1Dividends paid−62.8Fiscal year 2025Operating cash flow1,175.6Capital expenditure−736.4Free cash flow439.2 +21.9%Buybacks−158.0Dividends paid−71.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 640.2 658.3 762.4 635.3 704.7 715.8 705.8 850.8 1,002.8 1,175.6
Capital expenditure −177.7 −225.8 −254.5 −372.4 −392.8 −524.6 −564.8 −583.1 −642.5 −736.4
Free cash flow 462.5 432.5 507.9 262.9 311.9 191.2 141.0 267.7 360.3 439.2
Growth −6.5% +17.4% −48.2% +18.6% −38.7% −26.3% +89.9% +34.6% +21.9%
Buybacks −65.6 −38.1 0.0 −45.9 −6.1 0.0 0.0 0.0 −31.1 −158.0
Dividends paid −83.8 −91.5 −100.8 −108.7 −111.8 −112.2 −99.0 −60.4 −62.8 −71.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash40.5Shareholders’ equity735.9Fiscal year 2017Cash54.4Shareholders’ equity1,152.5Fiscal year 2018Cash69.2Shareholders’ equity1,276.7Fiscal year 2019Cash60.0Shareholders’ equity1,352.2Fiscal year 2020Cash185.6Shareholders’ equity1,588.0Fiscal year 2021Cash49.4Shareholders’ equity1,911.3Fiscal year 2022Cash21.8Shareholders’ equity1,310.3Fiscal year 2023Cash69.1Shareholders’ equity1,647.5Fiscal year 2024Cash85.4Shareholders’ equity2,067.0Fiscal year 2025Cash72.2Shareholders’ equity2,438.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 40.5 54.4 69.2 60.0 185.6 49.4 21.8 69.1 85.4 72.2
Shareholders’ equity 735.9 1,152.5 1,276.7 1,352.2 1,588.0 1,911.3 1,310.3 1,647.5 2,067.0 2,438.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
16.1% 14.8% 13.0% 13.3% 15.8% 13.9% 12.4% n/a n/a n/a
13.2% 12.7% 11.5% 12.2% 9.9% 12.6% 10.4% 12.6% 14.0% 16.1%
6.8% 6.9% 6.8% 7.8% 8.0% 10.3% 6.2% 7.3% 8.5% 9.5%
12.7% 11.1% 11.9% 5.7% 8.7% 4.8% 3.2% 5.6% 6.7% 7.4%
Spending
3.7% 4.4% 5.1% 5.4% 4.3% 4.2% 3.5% 4.2% 3.9% 4.0%
4.9% 5.8% 6.0% 8.1% 11.0% 13.1% 13.0% 12.1% 12.0% 12.4%
34.0% 29.4% 24.1% 20.6% 21.2% 20.2% 22.2% 21.8% 20.0% 20.2%
Returns
33.6% 23.5% 22.9% 26.5% 17.9% 21.6% 20.7% 21.4% 22.0% 23.2%
5.3% 5.6% 5.6% 5.9% 4.4% 6.0% 4.8% 5.8% 7.0% 8.0%
Balance and payout
77.2% 66.8% 64.9% 68.2% 68.9% 65.1% 67.0% 62.4% 56.4% 53.8%
33.8% 33.8% 34.5% 30.3% 39.3% 27.2% 36.5% 17.2% 13.8% 12.6%
32.3% 30.0% 19.8% 58.8% 37.8% 58.7% 70.2% 22.6% 26.1% 52.2%