Filing Flows › Encompass Health (EHC) › Q2 2026 › vs Q2 2025
Encompass Health (EHC) Q2 2026 vs Q2 2025 (year over year)
Encompass Health's revenue rose $140M (+10%) from $1.5B in Q2 2025 to $1.6B in Q2 2026. The biggest changes: Inpatient +$135M (+10%); Patients +$2.1M (+46%); Other +$1.8M (+4%). Operating margin 18.1% against 17.8% (+0.3 pts).
Encompass Health, Q2 2026: revenue $1.6B (+10% year over year), operating margin 18.1%, net earnings $154M, operating cash flow $283M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 18.1% | 17.8% | +0.3 pts |
| Net margin | 9.6% | 9.7% | -0.1 pts |
| Free cash flow margin | 3.9% | 7.8% | -3.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Medicare | $1.0B | $940M | $108M | +11% |
| Medicare Advantage | $259M | $246M | $13.4M | +5% |
| Managed care | $171M | $163M | $8.3M | +5% |
| Medicaid | $49.6M | $45.2M | $4.4M | +10% |
| Other third-party payors | $11.9M | $10.4M | $1.5M | +14% |
| Workers’ compensation | $7.1M | $7.5M | −$400K | -5% |
| Inpatient | $1.5B | $1.4B | $135M | +10% |
| Other | $45.8M | $44.0M | $1.8M | +4% |
| Patients | $6.7M | $4.6M | $2.1M | +46% |
| Revenue | $1.6B | $1.5B | $140M | +10% |
| Operating profit | $288M | $259M | $29.3M | +11% |
| Costs & expenses | $1.3B | $1.2B | $110M | +9% |
| Pre-tax earnings | $261M | $236M | $25.1M | +11% |
| Other expense, net | $27.4M | $23.2M | $4.2M | +18% |
| General & admin | $62.6M | $59.4M | $3.2M | +5% |
| Other operating costs | $1.2B | $1.1B | $107M | +9% |
| Net earnings | $154M | $142M | $11.8M | +8% |
| Minority interests | $53.5M | $42.8M | $10.7M | +25% |
| Income tax | $53.6M | $51.0M | $2.6M | +5% |
| Depreciation & amortization | $90.4M | $79.9M | $10.5M | +13% |
| Share-based compensation | $13.8M | $14.3M | −$500K | -3% |
| Working capital & other | $24.5M | $33.9M | −$9.4M | -28% |
| Operating cash flow | $283M | $270M | $12.4M | +5% |
| Free cash flow (OCF − capex) | $62.3M | $113M | −$51.0M | -45% |
| Capital expenditures | $220M | $157M | $63.4M | +40% |
Questions
How much did Encompass Health's revenue grow year over year in Q2 2026?
Encompass Health's revenue rose $140M (+10%) from $1.5B in Q2 2025 to $1.6B in Q2 2026.
What drove Encompass Health's revenue change in Q2 2026?
Inpatient +$135M (+10%); Patients +$2.1M (+46%); Other +$1.8M (+4%).