Encompass Health Corporation announced robust financial results for the fourth quarter ended December 31, 2025, demonstrating strong growth across key metrics. Net operating revenue increased by 9.9% to $1,544.6 million, while adjusted EBITDA grew by 15.9% to $335.6 million. Diluted earnings per share from continuing operations rose by 20.3% to $1.42, and adjusted earnings per share saw a 24.8% increase to $1.46. The company also reported a substantial increase in cash flows provided by operating activities, up 24.1% to $346.0 million, and adjusted free cash flow, up 23.6% to $235.4 million. Discharges increased by 5.3%, with same-store discharge growth at 3.2%, and net patient revenue per discharge grew by 4.1%.
Net operating revenue increased by 9.9% to $1,544.6 million in Q4 2025 compared to Q4 2024.
Adjusted EBITDA grew by 15.9% to $335.6 million for the fourth quarter of 2025.
Diluted earnings per share from continuing operations increased by 20.3% to $1.42.
Adjusted earnings per share rose by 24.8% to $1.46 in Q4 2025.
Encompass Health provided guidance for 2026, projecting continued growth in net operating revenue, Adjusted EBITDA, and Adjusted earnings per share from continuing operations.
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