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Chemed (CHE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Chemed (CHE) Q3 2026 earnings results →

Q3 2026 Revenue up 11% year over year to $691M · 10¢ of every $1 of revenue kept as net profit · operating margin 14.0%

Chemed made $691M in Q3 2026 (+11% Y/Y): VITAS $457M, Roto-Rooter $234M. Operating margin 14.0%, net earnings $71.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$691M
Year over year+11%
Operating margin14.0%
Net earnings$71.6M
Operating cash flow$56.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $690.9M in Q3 2026, up 11% year over year and up 3% from the previous quarter. VITAS was the largest line at 66% of revenue. VITAS added $49.7M year over year (up 12%), 75% of the total change.

Operating profit was $96.4M, a 14.0% margin (up 2.0 points year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, above the 12% margin then. Total costs grew 8% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $71.6M, up 12% year over year. The effective tax rate was 25.9%.

Operating cash flow was $56.6M (down 32% year over year), 79% of net earnings. Non-cash charges added back $17.4M of depreciation and amortization. Working capital and other items used $32.5M. Capital expenditures of $18.7M left free cash flow of $37.9M.

Quarterly history

Chemed revenue by quarterChemed revenue by quarter$647MQ1 2025$619MQ2 2025$625MQ3 2025$639MQ4 2025$658MQ1 2026$673MQ2 2026$691MQ3 2026
Chemed net earnings by quarterChemed net earnings by quarter$71.8MQ1 2025$52.5MQ2 2025$64.2MQ3 2025$76.8MQ4 2025$66.3MQ1 2026$67.7MQ2 2026$71.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$691M+11%14.0%$71.6M$56.6M
Q2 202610-QJul 31, 2026$673M+9%13.2%$67.7M$84.8M
Q1 202610-QApr 28, 2026$658M+2%12.9%$66.3M$88.2M
Q4 202510-KFeb 27, 2026$639M-0.1%15.7%$76.8M$134M
Q3 202510-QOct 31, 2025$625M+3%12.0%$64.2M$83.4M
Q2 202510-QJul 31, 2025$619M+4%11.0%$52.5M$139M
Q1 202510-QApr 28, 2025$647M+10%14.6%$71.8M$32.7M

Charts

Chemed: revenue growth, year over year and quarter over quarterChemed: revenue growth, year over year and quarter over quarterY/YQ/Q+10%Q1 2025+4%-4%Q2 2025+3%+1%Q3 20250%+2%Q4 2025+2%+3%Q1 2026+9%+2%Q2 2026+11%+3%Q3 2026
Latest (Q3 2026): Y/Y +11%, Q/Q +3%.
Chemed: where the cash came from (+) and went (−), TTM to Q3 2026Chemed: where the cash came from (+) and went (−), TTM to Q3 2026Buybacks−$525MOperating cash flow$363MOther financing$251MAcquisitions−$96.0MCash drawn (+) / kept (−)$81.3MCapital spending−$67.7MDividends−$33.7MShares issued$30.3MTaxes on employees’ shares−$4.2MAsset & business sales$1.3MOther investing−$922K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Chemed: profit against cash, quarter by quarterChemed: profit against cash, quarter by quarterNet incomeOperating cash flow$90.3M$165MQ4 2024$71.8M$32.7MQ1 2025$52.5M$139MQ2 2025$64.2M$83.4MQ3 2025$76.8M$134MQ4 2025$66.3M$88.2MQ1 2026$67.7M$84.8MQ2 2026$71.6M$56.6MQ3 2026
Latest (Q3 2026): Net income $71.6M, Operating cash flow $56.6M.
Chemed: diluted shares by fiscal yearChemed: diluted shares by fiscal year16MFY202016MFY202115MFY202215MFY202315MFY202414MFY2025
-11.8% since FY2020: buybacks shrank the count.
Chemed in its industry: growth against margin (6 companies, SIC 8082)Chemed in its industry: growth against margin (6 companies, SIC 8082)revenue growth, year over year →↑ operating marginmedian +11%median 10%BTSGOPCHAHCOAVAHADUSCHE (+11%, 14%)
Services-Home Health Care Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Chemed

Chemed Corporation (the “Company” or “Chemed”) was incorporated in Delaware in 1970 as a subsidiary of W.R. Grace & Co. and succeeded to the business of W.R. Grace & Co.’s Special Products Group as of April 30, 1971 and remained a subsidiary of W.R. Grace & Co. until March 10, 1982. Chemed purchases, operates and divests subsidiaries engaged in diverse business activities for the purposes of maximizing shareholder value. The Company’s day to day operating businesses are managed on a decentralized basis. There are few integrated business functions between the operating units and Chemed (such as sales, marketing or purchasing).

In its own words, from its 10-K, filed Feb 27, 2026.

Chemed against its Services-Home Health Care Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: 14.0% against the peers' median 10.3%.

CompanyQuarterRevenueY/YOp. margin
CHE ChemedQ3 2026$691M+11%14.0%
BTSG BrightSpring Health ServicesQ3 2026$4.2B+26%3.8%
OPCH Option Care HealthQ3 2026$1.5B+4%6.0%
AHCO AdaptHealthQ3 2026$746M+11%-20.9%
AVAH Aveanna Healthcare HoldingsQ2 2026$670M+14%11.9%
ADUS Addus HomeCareQ3 2026$388M+7%10.3%

Source: Chemed 10-Q on SEC EDGAR · CIK 19584 · Services-Home Health Care Services

13F: who owns CHE and who is buying

Largest holders of CHE (13F)Largest holders of CHE (13F)BlackRock$691MVanguard Group$630MAQR Capital Management LLC$446MVanguard Portfolio Management LLC$367MVanguard Capital Management LLC$282MAcadian Asset Management LLC$211MState Street$207MGeode Capital Management, LLC$193MBoston Partners$131MEpoch Investment Partners$124M
Funds' net buying of CHE by quarter (13F)Funds' net buying of CHE by quarter (13F)−$248M2024-09−$81.2M2024-12−$28.5M2025-03$56.1M2025-06−$128M2025-09$8.2M2025-12−$202M2026-03$21.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CHE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:Chemed(CHE)财报

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