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Encompass Health Corporation EHC Medicaid — Net operating revenues

Other product segments

Medicare
$1.04B+6.5%
Medicare Advantage
$257.6M+7.5%
Managed care
$167.7M+15.1%
Other income
$50.8M+44.3%
Other third-party payors
$10.7M+28.9%
Workers’ compensation
$8.1M+35.0%
Patients
$7.1M+129%

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THCRevenue from other sources — Net operating revenues
$70M+25.0%
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THCOther revenues — Net operating revenues
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THCNet patient service revenues — Net operating revenues
$1.32B+8.6%
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THCHospital Operations — Net operating revenues
$4.24B+6.0%

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 medicaid — net operating revenues?
Encompass Health Corporation (EHC) reported medicaid — net operating revenues of $46.1M in Q1 2026.
How has Encompass Health Corporation's medicaid — net operating revenues changed year-over-year?
Encompass Health Corporation's medicaid — net operating revenues increased by 9.8% year-over-year, from $42M to $46.1M.
What does medicaid — net operating revenues mean?
This metric represents the total revenue generated from healthcare services provided to patients covered under Medicaid programs. It reflects the portion of the company's inpatient rehabilitation services reimbursed by state-administered government health insurance for low-income individuals. Monitoring this stream helps assess the company's exposure to government-sponsored payer mix and regulatory reimbursement changes.

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