EHAB Enhabit, Inc.

Overview and Growth

Enhabit, Inc. generated $1.06B of revenue in fiscal 2025, with net loss of $4.60M and an operating cash inflow of $70.70M. At $1.06B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 2.4% from $1.03B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of -$0.09, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $1.17B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.91x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $519.80M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 49.0% of revenue, showing how much of the top line remained after direct costs. Operating income was $16.10M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 1.5% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was a net loss of $4.60M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 0.4% after all recognized items. Pretax income was $1.40M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 0.1%, relating income before taxes directly to revenue. The reported income-tax provision was $4.00M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 285.7%, quantifying the portion of pre-tax earnings paid in income tax. Relative to period-end equity, the net loss represented 0.8%. Relative to total assets, the net loss represented 0.4%. The net loss narrowed to $4.60M from $156.20M in fiscal 2024.

Liquidity and Capital Structure

Total assets were $1.17B, supported by $603.00M of liabilities and $559.10M of shareholder equity. Current assets were $205.60M against $126.30M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.63x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $43.60M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 34.5% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 51.7%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 3.7%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 4.8% from $1.23B in fiscal 2024, leaving current total assets lower year over year. Book equity was 1.9% higher than fiscal 2024 equity of $548.90M, showing how shareholder capital changed year over year. The reported cash balance changed 53.5% from $28.40M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $70.70M, a reported cash inflow that can be compared directly with net income and capital spending. The cash-flow statement records $4.90M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 6.9% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $65.80M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 6.2%, showing how much sales converted into cash after investment. Free cash flow equaled 5.6% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.