Enhabit, Inc.

EHAB
About the company

Enhabit, Inc. provides home health and hospice services in the United States. The Home Health segment offers nursing care; physical, occupational, and speech therapy; medical and social work; and home health aide services.

Country: United StatesPrice: $13.80Market Cap: $706.9M

Investment snapshot

12%positive consensus
Scored 1d ago

Positive

2

BUY / PASS

Neutral / negative

4 / 10

NEUTRAL / FAIL

Median fair value

$7.86

-43.1% vs price

Models with upside

1 / 17

Positive margin of safety

Strongest signal

6 of 10 pass — Buffett, Dreman, Pabrai +1 more object

Key risk

No clean pass — all 8 investors flag at least one growth criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILFAIL · Rank #1404 (Top 45.3%)NEUTRALFAILFAILFAILFAILFAILPASSPASSNEUTRALNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/A-353.9%N/AN/AN/AN/A-8.9%-641.9%N/AN/A+3.0%N/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Annual history · FY 2025

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-05

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-03-31 · TTM ended 2026-03-31 vs 2025-03-31 · TTM ended 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-05

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-03-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Market data at 2026-10-01

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-03-05

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-03-31 · Balance sheet at 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-05

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Market data at 2026-10-01

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2025-01-01–2026-10-01 · Balance sheet at 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-03-05

Score computed: 2026-11-14

TTM ended 2026-03-31 · Balance sheet at 2026-03-31 · Price history 2025-01-01–2026-10-01 · Annual history · FY 2025

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-03-31

Latest source filing: 2026-05-07

Score computed: 2026-11-14

TTM ended 2026-03-31 · Annual history · FY 2025 · Price history 2025-01-01–2026-10-01

Latest source filing: 2026-05-07

Score computed: 2026-11-14

Where It Passes

  • Cash Flow60% pass✓ 8✗ 4▾

    6 of 10 pass — Buffett, Dreman, Pabrai +1 more object

    Free Cash Flow Proxy$13.0M
    ✗BuffettPositive and growing
    FCF Positive and Growing$80.9M
    ✓LynchPositive and growing
    Operating Cash Flow$70.7M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=6.06%, ROA=-0.39%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)9.9x
    ✗Dreman< 8x
    P/E or FCF YieldFCF Yield=9.3%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive6/6 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap11.6%
    ✓Ackman>= 4%
    Price / FCF per Share10.6x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency6/6 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$80.9M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+11.44%; #619/4519 (top 13.7%)
    ✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Growth0% pass✓ 2✗ 11▾

    No clean pass — all 8 investors flag at least one growth criterion

    EPS Growth (3-yr avg, 10-yr window)-185.5%
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthN/A (no inventory)
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction$1.51 (2020) -> $-0.09 (2025)
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency2/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-1.1%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency2/5 years with positive EPS growth
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 48.8% -> 49.0%, operating margin -4.5% -> 1.5%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-0.3%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Valuation8% pass✓ 4✗ 24▾

    12 of 13 flag EHAB's valuation — Graham, Lynch, Greenblatt +9 more

    Price / Book Value per Share1.3x
    ✗Dreman< 1.2x✓Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio1.3x
    ✓Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise Value1.4%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=1.4%, ROC=31.4%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)9.9x
    ✗Dreman< 8x
    Valuation ReasonablenessOE Yield=1.9%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=9.3%
    ✗PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical AverageP/B=1.3x
    ✓MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share10.6x
    ✓Ackman<= 25
    Price vs. Trailing Low
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-0.45%; #3305/6340 (top 52.1%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization+0.7830; #1973/6449 (top 30.6%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change-62.3%
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+1.5064; #1331/5247 (top 25.4%)
    ✗OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+11.44%; #619/4519 (top 13.7%)
    ✗OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date
    ✗OshaughnessyTop 10% of eligible cross-section
  • Profitability13% pass✓ 7✗ 28▾

    14 of 16 flag EHAB's profitability — Graham, Buffett, Lynch +11 more

    Positive EPS (10 years)2/7 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)-185.5%
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)2/7 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-8.1%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)1.5% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$13.0M
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)N/A (negative mean EPS)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROE-0.6%
    ✗Lynch> 15%
    EBIT / Enterprise Value1.4%
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=1.4%, ROC=31.4%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-0.39%
    ✗PiotroskiROA > 0
    ROA Change YoY-12.74% -> -0.39% (delta: +12.35%)
    ✓PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=6.06%, ROA=-0.39%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY48.7% -> 49.0%
    ✓PiotroskiImproved YoY
    Pre-Tax Income / Revenue-0.1%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity-0.6%
    ✗Dreman> 12%
    Margin of SafetyP/B=1.3x
    ✓PabraiP/B < 1.5 or P/E < 15
    Return on Equity-14.2% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic ValueN/A (negative normalized EPS)
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency2/6 years positive
    ✗MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue2.8%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity-0.6%
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend-4.5% (2023) -> 1.5% (2025)
    ✓TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 48.8% -> 49.0%, operating margin -4.5% -> 1.5%
    ✓SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-0.45%; #3305/6340 (top 52.1%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+44.54%; #809/3702 (top 21.9%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity-0.58%; #2959/5226 (top 56.6%)
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.0629; #2875/5884 (top 48.9%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years2/6 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts15% pass✓ 2✗ 11▾

    Split decision: 10 FAIL · 4 NEUTRAL · 2 PASS

    Overall verdict
    ✗GrahamFAIL (2/9)✗BuffettFAIL (0/9)✗LynchFAIL (2/7)✗GreenblattRank #1404•PiotroskiNEUTRAL (F-Score 7)✗DremanFAIL (2/11)✗MungerFAIL (0/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (2/5)✓AckmanPASS (4/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (1/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Valuation models25% pass✓ 1✗ 3▾

    Models split on EHAB at $13.80 — fair values range $1.86–$14.22

    Buffett fair value$3.04
    ✗Buffett-353.9% margin vs $13.80
    Munger fair value$12.67
    ✗Munger-8.9% margin vs $13.80
    Pabrai fair value$1.86
    ✗Pabrai-641.9% margin vs $13.80
    Ackman fair value$14.22
    ✓Ackman+3.0% margin vs $13.80
  • Efficiency38% pass✓ 4✗ 7▾

    5 of 8 flag EHAB's efficiency — Graham, Buffett, Munger +2 more

    Current Ratio1.56
    ✗Graham>= 2.0
    ROIC (3-5 yr avg)-0.8%
    ✗Buffett> 10%
    ROIC - WACC-10.8%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)31.4%
    ✓Greenblatt> 25%
    Current Ratio Change YoY1.53 -> 1.63
    ✓PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY0.84x -> 0.91x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities1.56
    ✓Dreman> 1.5
    Return on Invested Capital2.4%
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=-3.1%; FY2024: ROIC=-8.8%; FY2025: ROIC=1.3%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROICN/A (non-positive net income)
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest 1.3%)
    ✗SleepROIC > 12% in a majority of years
  • Debt & Leverage42% pass✓ 7✗ 8▾

    7 of 12 flag EHAB's debt & leverage — Graham, Buffett, Lynch +4 more

    LT Debt vs Net Current Assets
    ✗GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: 0.84, IC: 0.5x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / Equity0.77
    ✗Lynch< 0.33
    Cash - Long-term Debt
    ✗LynchPositive preferred
    LT Debt / Total Assets Change0.00% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities1.56
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity0.77
    ✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
    Debt Levels0.77
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=0.5x, D/EBITDA=11.6x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity0.77
    ✓Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)-0.7743; #2959/4210 (top 70.3%)
    ✗AsnessTop 30% of eligible cross-section

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Healthcare
SIC Sector: Health Services
Size: Small Cap($706.9M)
Revenue: $1.1B+2.4% YoY
Net Income: $4.6M+97.1% YoY

Financial Snapshot

Operating Margin1.5%
Return on Equity-0.9%
Debt / Equity0.84
Current Ratio1.63
EPS (Diluted)$-0.09
Shares Retired−0.3% / −0.9% 2y

Shareholder Return

Fiscal 2025

Issued 0.3% of shares last year, 0.9% issued over two.

Buybacks
—
Dividends
—

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-03-31

2025-04-01 – 2026-03-31

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex, revenue, net income, operating income, ebit, pre tax income, depreciation amortization.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-03-05
FY 2024
Sources
  • 10-K · 2025-03-06
FY 2023
Sources
  • 10-K · 2025-03-06
FY 2022
Sources
  • 10-K · 2023-04-14
FY 2021
Sources
  • 10-K · 2023-04-14
Market Cap$706.9Mcurrent--$536.7Mest.$422.6Mest.$505.0Mest.$769.5Mest.$1.1Best.
Revenue$1.1B↑3%$264.8M↑2%$1.1B↑2%$1.0B↓1%$1.0B↓2%$1.1B↓3%$1.1B
Operating Income$29.5M↑126%$29.3M↑84%$16.1M↑114%-$115.1M↓142%-$47.6M↓318%-$11.4M↓108%$142.9M
Net Income-$3.2M↑98%$19.2M↑8%-$4.6M↑97%-$156.2M↓94%-$80.5M↓99%-$40.4M↓136%$111.1M
EPS (Diluted)--$0.36↑3%$-0.09↑97%$-3.11↓93%$-1.61↓99%$-0.81↓136%$2.24
Gross Margin——49.0%↑1%48.7%48.8%↓4%50.9%↓5%53.6%
Operating Margin2.8%↑126%11.1%↑81%1.5%↑114%-11.1%↓144%-4.5%↓327%-1.1%↓108%12.9%
ROE-0.6%↑98%—-0.9%↑97%-29.8%↓148%-12.0%↓121%-5.4%↓172%7.6%
Total Debt$428.6M↓12%$428.6M↓12%$448.3M↓13%$515.4M↓7%$552.6M↓5%$583.1M↑6760%$8.5M
Shareholders' Equity$553.5M↑2%$553.5M↑2%$534.0M↑2%$523.5M↓22%$669.7M↓10%$741.7M↓50%$1.5B
Current Ratio1.56↑5%1.56↑5%1.63↑7%1.531.53↓4%1.59↑22%1.31
Debt / Equity0.77↓14%0.77↓14%0.84↓15%0.98↑19%0.83↑5%0.79↑13496%0.01
Operating Cash Flow$88.0M↑70%$35.2M↑97%$70.7M↑38%$51.2M↑6%$48.4M↓40%$80.1M↓35%$123.3M
Free Cash Flow$80.9M↑63%$32.7M↑86%$65.8M↑39%$47.4M↑6%$44.9M↓38%$73.0M↓39%$119.0M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Healthcare

EHAB vs Peers — Financial Grading

Revenue$1.1BBottom 25%
Net Income$4.6MBottom 25%
ROE-0.9%Median
D/E0.84Bottom 25%
Op. Margin1.5%Bottom 25%
Curr. Ratio1.63Median
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
HCA Healthcare, Inc.HCA$104.2B$499.05$75.6B$6.8B-112.6%-7.7113.0%0.971/95/93/71/3F-Score 64/11
TENET HEALTHCARE CORPTHC$22.8B$286.03$21.3B$2.4B56.1%3.1216.5%1.761/94/93/73/3F-Score 65/11
Guardant Health, Inc.GH$20.5B$151.70$982.0M$416.3M419.2%-15.14-44.5%4.842/91/91/70/3F-Score 52/11
EXACT SCIENCES CORPEXAS$20.0B$104.91$3.2B$207.9M-8.7%0.00-6.4%2.432/91/93/70/3F-Score 73/11
Fresenius Medical Care AGFMS$11.4B$22.03$23.1B$1.1B7.4%0.819.3%1.265/92/91/70/3F-Score 85/11
UNIVERSAL HEALTH SERVICES INCUHS$11.2B$194.07$17.4B$1.5B20.5%0.6511.5%1.054/96/95/71/3F-Score 76/11
DAVITA INC.DVA$11.0B$174.56$13.6B$746.8M-114.7%-15.7815.0%1.291/94/92/71/3F-Score 73/11
CHEMED CORPCHE$7.1B$548.20$2.5B$265.2M27.1%—13.4%1.054/97/93/71/3F-Score 66/11