Filing Flows › Encompass Health (EHC) › Q4 2025
Encompass Health (EHC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Encompass Health (EHC) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +5% from the quarter before. Operating margin was 18.3%, net earnings $146M (9.5% of revenue).
Encompass Health, Q4 2025: revenue $1.5B (+10% year over year), operating margin 18.3%, net earnings $146M, operating cash flow $346M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +5% | +10% |
| Operating profit | $283M | +16% | +22% |
| Net earnings | $146M | +15% | +21% |
| Operating cash flow | $346M | +28% | +24% |
| Free cash flow | $117M | +39% | +46% |
What changed
Revenue was $1.5B in Q4 2025, up 10% year over year and up 5% from the previous quarter.
Operating profit was $0.28B, a 18.3% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 17% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was General & admin (+26%). Net earnings were $0.15B, up 21% year over year. The effective tax rate was 21.4%.
Operating cash flow was $0.35B (up 24% year over year), 170% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.23B left free cash flow of $0.12B.
Questions
What was Encompass Health's revenue in the fourth quarter 2025?
Encompass Health (EHC) reported revenue of $1.5B for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +5% from the quarter before.
Was Encompass Health profitable in the fourth quarter 2025?
Operating profit was $283M (18.3% of revenue) and net earnings $146M.
Source: Encompass Health 10-K on SEC EDGAR.