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Chemed CHE Medicare Cap Liability

Discontinued — last reported Q4 '25

Medicare Cap Liability at other companies

Centene logo
CenteneCNC
$4.51B+2.8%
Centene logo
CenteneCNC
$10.52B+0.7%
Centene logo
CenteneCNC
$9.89B+15.2%
Molina Healthcare logo
Molina HealthcareMOH
$1.42B-1.9%
Cinemark Holdings logo
Cinemark HoldingsCNK
$75K0.0%
InnovAge Holdings, Inc. logo
InnovAge Holdings, Inc.INNV
$16.32M-5.8%

Segments

By segment

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Segment Vitas$30.9M+127%

Other financials

Income statement

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Revenue$673.3M+8.8%
Gross profit$221.5M+19.9%
Operating income$89.2M+31.0%
Net income$67.7M+29.0%
EPS (diluted)$5.13+43.7%

Balance sheet

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Cash & equivalents$40.2M-83.9%
Total debt$181.3M+24.5%
Total equity$830.5M-30.7%
Total assets$1.6B-8.0%

Cash flow

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Operating cash flow$84.8M-38.8%
CapEx$15.5M-1.8%
Free cash flow$69.3M-43.6%

Valuation

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Market cap$7.18B+14.9%
Enterprise value$7.32B+19.1%
P/E26.1×+4.6×
P/S2.8×+0.3×

Profitability

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Gross margin33.1%-0.5pp
Operating margin13.5%-1.2pp
Net margin10.6%-1.0pp
FCF margin12.5%-2.3pp

Returns & leverage

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Return on equity27.1%+3.0pp
Debt / equity0.2×+0.1×
Current ratio0.9×-1.0×

Where this comes from

Reported directly by Chemed in its filing.

Tagged under the XBRL concept che:MedicareCapLiability.

The source filing: Chemed’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 9:36 AM EST
Fiscal year
FY2025
Accession
0001562762-26-000020
Line itemDecember 31, 2025December 31, 2024
Medicare cap$30,914$13,579
All other27,97829,295
Total other current liabilities$58,892$42,874

Item 16. Form 10-K Summary

FAQ

What is Chemed's medicare cap liability?
Chemed (CHE) reported medicare cap liability of $30.91M in Q4 2025.
How has Chemed's medicare cap liability changed year-over-year?
Chemed's medicare cap liability increased by 127.7% year-over-year, from $13.58M to $30.91M.
What is the long-term trend for Chemed's medicare cap liability?
Over 4 years (2021 to 2025), Chemed's medicare cap liability has grown at a 23.0% compound annual growth rate (CAGR), from $13.52M to $30.91M.
What does medicare cap liability mean?
This represents the estimated liability for hospice care payments that exceed the annual Medicare reimbursement cap. It is a critical metric for healthcare providers, as it reflects the risk of having to repay funds to the government if service volume or billing exceeds regulatory limits. High liabilities indicate potential downward pressure on future revenue and cash flow.

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