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Encompass Health Corporation EHC Managed care — Net operating revenues

Other product segments

Medicare
$1.04B+6.5%
Medicare Advantage
$257.6M+7.5%
Other income
$50.8M+44.3%
Medicaid
$46.1M+9.8%
Other third-party payors
$10.7M+28.9%
Workers’ compensation
$8.1M+35.0%
Patients
$7.1M+129%

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Other financials

Income statement

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Revenue$1.6B+9.0%
Operating income$151.9M+18.3%
Net income$194.5M+28.4%
EPS (diluted)$1.93+30.4%

Balance sheet

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Cash & equivalents$163.4M+33.1%
Total debt$3.1B-1.1%
Total equity$2.5B+16.8%
Total assets$7.3B+10.1%

Cash flow

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Operating cash flow$313.1M+8.5%
CapEx$162.4M-0.4%
Free cash flow$150.7M+20.1%

Valuation

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Market cap$11B-6.4%
Enterprise value$13.96B-5.3%
P/E18.1×-4.4×
P/S1.8×-0.3×

Profitability

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Operating margin12.4%-1.5pp
Net margin10%+1.1pp
FCF margin7.7%+0.6pp

Returns & leverage

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Return on equity26%+0.7pp
Debt / equity1.2×-0.2×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Encompass Health Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Encompass Health Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 3:28 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000785161-26-000130
Line itemThree Months Ended March 31, 20262025
Medicare$1,038.5$975.5
Medicare Advantage257.6239.6
Managed care167.7145.7
Medicaid46.142.0
Other third-party payors10.78.3
Workers’ compensation8.16.0
Patients7.13.1
Other income50.835.2

Item 1.Financial Statements (Unaudited)

FAQ

What is Encompass Health Corporation's managed care — net operating revenues?
Encompass Health Corporation (EHC) reported managed care — net operating revenues of $167.7M in Q1 2026.
How has Encompass Health Corporation's managed care — net operating revenues changed year-over-year?
Encompass Health Corporation's managed care — net operating revenues increased by 15.1% year-over-year, from $145.7M to $167.7M.
What does managed care — net operating revenues mean?
This metric represents the total revenue generated from healthcare services provided to patients covered by managed care organizations, such as health maintenance organizations and preferred provider organizations. It reflects the financial performance of the segment serving patients whose care is reimbursed through private insurance contracts rather than government programs like Medicare. This revenue stream is critical for assessing the company's ability to negotiate favorable reimbursement rates with private payers and its exposure to commercial insurance market dynamics.

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