Estados financieros detallados de Enhabit, Inc. (EHAB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Enhabit, Inc. registró ingresos de $1.06B en el último ejercicio fiscal, con un CAGR de 5 años del -0.3%.
Márgenes de los últimos 12 meses: margen bruto 47.9%, margen operativo 7.2%, margen neto -0.3%. El flujo de caja libre creció a un CAGR del 24.8% en 5 años.
Al precio actual de $13.80, EHAB presenta beneficios negativos (P/E no significativo) y un ROE del -0.58%. La capitalización bursátil es de $707M.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.09B | $1.08B | $1.11B | $1.07B | $1.05B | $1.03B | $1.06B |
| Coste de Ventas | $527.4M | $537.5M | $513.9M | $525.6M | $535.6M | $530.8M | $562.7M |
| Beneficio Bruto | $564.6M | $540.7M | $592.7M | $545.5M | $510.7M | $504.0M | $497.3M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $465.7M | $398.0M | $412.9M | $414.9M | $441.6M | $425.9M | $433.5M |
| Gastos Operativos | $503.4M | $438.0M | $449.8M | $556.9M | $558.3M | $619.1M | $433.5M |
| Beneficio Operativo | $61.2M | $102.7M | $142.9M | -$11.4M | -$47.6M | -$115.1M | $63.8M |
| EBITDA | $100.1M | $145.4M | $185.2M | $22.5M | -$16.5M | -$83.6M | $57.9M |
| Gastos por Intereses | $28.4M | $5.2M | $300000 | $15.0M | $43.0M | $42.9M | $34.0M |
| Beneficio Antes de Impuestos | $34.0M | $100.2M | $148.0M | -$25.5M | -$90.4M | -$158.0M | $1.4M |
| Impuestos | $9.2M | $24.4M | $35.1M | $12.8M | -$11.4M | -$4.0M | $4.0M |
| Beneficio Neto | $24.0M | $75.0M | $111.1M | -$40.4M | -$80.5M | -$156.2M | -$4.6M |
| BPA | $6.15 | $19.23 | $28.49 | $-0.81 | $-1.61 | $-3.11 | $-0.09 |
| BPA Diluido | $6.15 | $19.23 | $28.49 | $-0.81 | $-1.61 | $-3.11 | $-0.09 |
| Acciones en Circulación (Diluidas) | $3.9M | $3.9M | $3.9M | $50.1M | $49.9M | $50.2M | $50.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Ingresos | $266.1M | $263.6M | $270.4M | $264.8M |
| Beneficio Bruto | $124.9M | $127.8M | $131.7M | $126.0M |
| Beneficio Operativo | $16.7M | $16.8M | $14.4M | $29.3M |
| EBITDA | $22.4M | $28.6M | -$28.2M | $37.6M |
| Beneficio Neto | $5.2M | $11.1M | -$38.7M | $19.2M |
| BPA | $0.10 | $0.22 | $-0.76 | $0.38 |
| BPA Diluido | $0.10 | $0.22 | $-0.76 | $0.36 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $38.5M | $5.4M | $22.9M | $27.4M | $28.4M | $43.6M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $136.5M | $164.5M | $161.0M | $164.7M | $149.2M | $144.0M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $182.6M | $178.8M | $211.8M | $210.1M | $192.7M | $205.6M |
| Inmovilizado Material | $65.1M | $68.8M | $62.4M | $76.5M | $70.5M | $65.3M |
| Fondo de Comercio | $1.09B | $1.19B | $1.14B | $1.06B | $900.0M | $855.3M |
| Activos Intangibles | $269.4M | $259.1M | $102.6M | $80.0M | $58.1M | $38.5M |
| Activos Totales | $1.62B | $1.72B | $1.53B | $1.43B | $1.23B | $1.17B |
| Cuentas por Pagar | $3.4M | $3.5M | $3.8M | $7.6M | $6.7M | $9.2M |
| Deuda a Corto | $6.5M | $5.0M | $23.1M | $22.5M | $22.8M | $22.3M |
| Pasivos Corrientes | $126.9M | $136.5M | $132.9M | $137.7M | $126.2M | $126.3M |
| Deuda a Largo | $3.2M | $3.5M | $560.0M | $530.1M | $492.6M | $426.0M |
| Pasivos Totales | $227.0M | $236.7M | $751.5M | $731.9M | $672.1M | $603.0M |
| Reservas | $264.3M | $375.4M | $335.0M | $254.5M | $98.3M | $93.7M |
| Patrimonio Neto | $1.38B | $1.47B | $741.7M | $669.7M | $523.5M | $534.0M |
| Deuda Total | $50.5M | $56.9M | $625.2M | $610.1M | $569.5M | $500.0M |
| Deuda Neta | $12.0M | $51.5M | $602.3M | $582.7M | $541.1M | $456.4M |
| Capital Circulante | $55.7M | $42.3M | $78.9M | $72.4M | $66.5M | $79.3M |
Balance (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Caja y Equivalentes | $37.1M | $56.9M | $43.6M | $51.5M |
| Activos Totales | $1.23B | $1.23B | $1.17B | $1.18B |
| Pasivos Totales | $642.5M | $631.0M | $603.0M | $595.0M |
| Patrimonio Neto | $552.4M | $566.8M | $534.0M | $553.5M |
| Deuda Total | $532.8M | $516.5M | $500.0M | $480.1M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $24.8M | $75.0M | $112.9M | -$38.3M | -$80.5M | -$154.0M | -$2.6M |
| Amortizaciones | $37.7M | $40.0M | $36.9M | $33.0M | $30.9M | $31.5M | $22.5M |
| Compensación en Acciones | $84.9M | 0 | $3.6M | $9.2M | $8.9M | $11.7M | $16.6M |
| Cambio en Capital Circulante | -$89.3M | -$112.1M | -$32.8M | -$29.2M | $11.7M | $5.1M | $3.8M |
| Flujo de Caja Operativo | $59.5M | $24.9M | $123.3M | $80.1M | $48.4M | $51.2M | $70.7M |
| Inversiones (CapEx) | -$12.1M | -$3.2M | -$4.3M | -$7.1M | -$3.5M | -$3.8M | -$4.9M |
| Adquisiciones | -$231.5M | -$1.1M | -$117.5M | -$36.3M | -$2.8M | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagados | -$4.9M | -$144.5M | -$154.1M | -$654.9M | 0 | 0 | 0 |
| Flujo de Caja Libre | $47.4M | $21.7M | $119.0M | $73.0M | $44.9M | $47.4M | $65.8M |
Flujo de Caja (Trimestral)
| Año | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Flujo de Caja Operativo | $10.6M | $37.8M | $4.4M | $35.2M |
| Inversiones (CapEx) | -$1.9M | -$1.6M | -$1.1M | -$2.5M |
| Flujo de Caja Libre | $8.7M | $36.2M | $3.3M | $32.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $3.6M | $2.2M | $6.8M | $3.9M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -1.3% | +2.6% | -3.2% | -2.3% | -1.1% | +2.4% |
| Crecimiento Beneficio Neto (anual) | | +212.5% | +48.1% | -136.4% | -99.3% | -94.0% | +97.1% |
| Crecimiento BPA (anual) | | +212.7% | +48.2% | -102.8% | -98.8% | -93.2% | +97.1% |
| Cambio en Acciones (anual) | | +0.0% | +0.0% | +1184.6% | -0.4% | +0.6% | +1.2% |
| Crecimiento FCF (anual) | | -54.2% | +448.4% | -38.7% | -38.5% | +5.6% | +38.8% |
| Margen Bruto | 51.7% | 50.1% | 53.6% | 50.9% | 48.8% | 48.7% | 46.9% |
| Margen Operativo | 5.6% | 9.5% | 12.9% | -1.1% | -4.5% | -11.1% | 6.0% |
| Margen EBITDA | 9.2% | 13.5% | 16.7% | 2.1% | -1.6% | -8.1% | 5.5% |
| Margen Neto | 2.2% | 7.0% | 10.0% | -3.8% | -7.7% | -15.1% | -0.4% |
| Margen FCF | 4.3% | 2.0% | 10.8% | 6.8% | 4.3% | 4.6% | 6.2% |
| Tasa Impositiva Efectiva | 27.1% | 24.4% | 23.7% | -50.2% | 12.6% | 2.5% | 285.7% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $12.15 | $5.56 | $30.51 | $1.46 | $0.90 | $0.94 | $1.30 |
| Dividendo por Acción | $1.26 | $37.05 | $39.51 | $13.07 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $3.9M | $3.9M | $3.9M | $50.1M | $49.9M | $50.2M | $50.8M |
Qué mirar en Salud / Farma
El pipeline de I+D es el activo invisible. Patentes que caducan = ingresos que evaporan. Mira innovación y flujo de caja.
- I+D / Ingresos — Indica inversión en pipeline futuro. Farma seria reinvierte 15-20%
- Crecimiento EPS 5y — Tras caducidad de patentes, ¿siguen creciendo?
- Margen bruto — Farma de marca >70%. Genéricos mucho más bajo — define el tipo de negocio
- FCF / Net Income — Calidad del beneficio — farma grande debería convertir >90%
- ROIC — Capital reinvertido con eficiencia — clave en farma por ciclos de I+D largos
- Deuda neta / EBITDA — Adquisiciones de farma generan mucha deuda — ojo al post-M&A
- P/E vs historial 10y propio — La mejor comparación es con su propia historia, no con competidores
Rentabilidad
| Rentabilidad sobre capital | -0.58% |
| Rentabilidad sobre capital invertido | -1.58% |
| Rentabilidad sobre activos | -0.27% |
| Margen bruto | 47.93% |
| Margen operativo | 7.25% |
| Margen neto | -0.30% |
Salud financiera
| Deuda / Patrimonio | 0.87 |
| Ratio corriente | 1.56 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 4.07 | 1.30 | 0.88 | -16.25 | -6.43 | -2.51 | -101.77 |
| P/VC | 0.00 | 0.07 | 0.07 | 0.89 | 0.77 | 0.75 | 0.88 |
| P/V | 0.09 | 0.09 | 0.09 | 0.62 | 0.49 | 0.38 | 0.44 |
| Margen Bruto | 51.7% | 50.1% | 53.6% | 50.9% | 48.8% | 48.7% | 46.9% |
| Margen Operativo | 5.6% | 9.5% | 12.9% | -1.1% | -4.5% | -11.1% | 6.0% |
| Margen Neto | 2.2% | 7.0% | 10.0% | -3.8% | -7.7% | -15.1% | -0.4% |