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Aveanna Healthcare Holdings, Inc. Financials

AVAH
Source SEC Filings (10-K/10-Q) Updated Apr 4, 2026 Currency USD FYE January

This page shows Aveanna Healthcare Holdings, Inc. (AVAH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AVAH FY2026

A sharp operating turnaround has improved liquidity, but a debt-heavy balance sheet still captures much of the benefit.

From FY2023 to FY2026, operating income rose from $8.1M to $256.5M, showing the core operation was repaired after an earlier near break-even state. With long-term debt essentially flat, the repair showed up instead in liquidity, as the current ratio moved from 0.9x to 1.3x rather than through major deleveraging.

Gross margin only moved from 31.4% to 33.3% between FY2023 and FY2026, so the underlying service economics changed less than the profit line suggests. Yet operating margin reached 10.5%, which points more to cost discipline and fixed-cost absorption than to a wholesale change in revenue mix.

Goodwill was $1.12B against total assets of $2.01B, so much of the balance sheet reflects past acquisitions rather than hard liquidity. Total liabilities of $1.82B still leave only $194.5M of equity, meaning the balance sheet has less cushion than the income recovery alone might suggest.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 22 / 100
Financial Profile 22/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Aveanna Healthcare Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
39

Aveanna Healthcare Holdings, Inc. has an operating margin of 10.5%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 6.9% the prior year.

Growth
56

Aveanna Healthcare Holdings, Inc.'s revenue surged 20.2% year-over-year to $2.4B, reflecting rapid business expansion. This strong growth earns a score of 56/100.

Leverage
0

Aveanna Healthcare Holdings, Inc. has elevated debt relative to equity (D/E of 5.35), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity
25

Aveanna Healthcare Holdings, Inc.'s current ratio of 1.47 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns
11

Aveanna Healthcare Holdings, Inc. generates a 0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100.

Altman Z-Score Distress
1.53

Aveanna Healthcare Holdings, Inc. scores 1.53, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong
7/9

Aveanna Healthcare Holdings, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
559.28x

For every $1 of reported earnings, Aveanna Healthcare Holdings, Inc. generates $559.28 in operating cash flow ($125.9M OCF vs $225K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.8x

Aveanna Healthcare Holdings, Inc. earns $1.8 in operating income for every $1 of interest expense ($256.5M vs $140.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.4B
YoY+20.2%
5Y CAGR+11.9%

Aveanna Healthcare Holdings, Inc. generated $2.4B in revenue in fiscal year 2026. This represents an increase of 20.2% from the prior year.

EBITDA
$267.0M
YoY+77.3%
5Y CAGR+38.0%

Aveanna Healthcare Holdings, Inc.'s EBITDA was $267.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 77.3% from the prior year.

Net Income
$225K
YoY+2159.1%

Aveanna Healthcare Holdings, Inc. reported $225K in net income in fiscal year 2026. This represents an increase of 2159.1% from the prior year.

EPS (Diluted)
$1.05
YoY+1850.0%

Aveanna Healthcare Holdings, Inc. earned $1.05 per diluted share (EPS) in fiscal year 2026. This represents an increase of 1850.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$189.3M
YoY+124.6%

Aveanna Healthcare Holdings, Inc. held $189.3M in cash against $1.3B in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
218M
YoY+12.6%

Aveanna Healthcare Holdings, Inc. had 218M shares outstanding in fiscal year 2026. This represents an increase of 12.6% from the prior year.

Margins & Returns

Gross Margin
33.3%
YoY+1.9pp
5Y CAGR+3.0pp

Aveanna Healthcare Holdings, Inc.'s gross margin was 33.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.

Operating Margin
10.5%
YoY+3.6pp
5Y CAGR+7.7pp

Aveanna Healthcare Holdings, Inc.'s operating margin was 10.5% in fiscal year 2026, reflecting core business profitability. This is up 3.6 percentage points from the prior year.

Net Margin
0.0%
YoY+0.0pp
5Y CAGR+5.5pp

Aveanna Healthcare Holdings, Inc.'s net profit margin was 0.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.

Return on Equity
0.1%
5Y CAGR+28.4pp

Aveanna Healthcare Holdings, Inc.'s ROE was 0.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

AVAH Income Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $647.9M-2.2% $662.5M+6.5% $621.9M+5.5% $589.6M+5.4% $559.2M+7.6% $519.9M+2.1% $509.0M+0.8% $505.0M
Cost of Revenue $442.5M-1.5% $449.2M+7.2% $419.1M+10.7% $378.8M+0.8% $375.7M+7.9% $348.1M-0.3% $349.3M+0.8% $346.7M
Gross Profit $205.4M-3.7% $213.3M+5.2% $202.8M-3.8% $210.8M+14.8% $183.6M+6.9% $171.7M+7.5% $159.7M+0.9% $158.3M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $95.8M-1.9% $97.6M+2.4% $95.4M+5.9% $90.1M-1.4% $91.4M+3.0% $88.7M+0.6% $88.2M+0.2% $88.0M
Operating Income $69.3M-2.4% $71.0M+32.6% $53.6M-33.0% $80.0M+54.5% $51.8M+13.2% $45.8M+34.5% $34.0M-8.4% $37.1M
Interest Expense $29.2M-10.6% $32.6M-7.1% $35.1M-2.4% $36.0M-0.9% $36.3M-4.6% $38.1M-2.9% $39.2M-0.9% $39.6M
Income Tax $3.3M+102.4% -$139.5M-21462.1% -$647K-103.8% $17.1M+245.4% $5.0M+320.7% -$2.2M-114.5% $15.5M+256.3% -$9.9M
Net Income $41.7M+190.4% -$46.1M-427.5% $14.1M-48.0% $27.0M+420.4% $5.2M-87.0% $40.1M+193.6% -$42.8M-408.1% $13.9M
EPS (Diluted) $0.19 N/A $0.06-53.8% $0.13+333.3% $0.03 N/A $-0.22-414.3% $0.07

AVAH Balance Sheet

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $2.0B+0.5% $2.0B+11.2% $1.8B+2.2% $1.8B+6.6% $1.7B-0.2% $1.7B+1.2% $1.6B-1.2% $1.7B
Current Assets $575.3M+2.7% $560.2M+11.5% $502.6M+11.7% $449.9M+10.4% $407.6M+3.8% $392.7M+3.0% $381.4M+4.8% $364.0M
Cash & Equivalents $189.3M-2.1% $193.3M+32.5% $145.9M+44.8% $100.7M+40.9% $71.5M-15.2% $84.3M+7.4% $78.5M+64.6% $47.7M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $332.7M+6.2% $313.4M+0.2% $312.8M-1.1% $316.3M+7.3% $294.8M+11.2% $265.2M-0.1% $265.4M-2.8% $273.0M
Goodwill $1.1B0.0% $1.1B+0.4% $1.1B-0.2% $1.1B+6.1% $1.1B0.0% $1.1B0.0% $1.1B0.0% $1.1B
Total Liabilities $1.8B-2.0% $1.8B+0.9% $1.8B+1.0% $1.8B+1.3% $1.8B-1.5% $1.8B-0.8% $1.8B+1.0% $1.8B
Current Liabilities $390.4M-8.0% $424.5M+3.6% $409.7M-1.1% $414.2M+6.7% $388.3M-3.4% $402.2M-1.0% $406.0M+4.3% $389.1M
Long-Term Debt $1.3B-0.2% $1.3B-0.2% $1.3B+1.6% $1.3B-0.1% $1.3B-0.1% $1.3B-0.3% $1.3B+0.1% $1.3B
Total Equity $240.1M+23.4% $194.5M+2017.4% $9.2M+176.6% -$12.0M+88.0% -$100.1M+19.0% -$123.6M+21.0% -$156.4M-31.5% -$119.0M
Retained Earnings -$1.1B+3.6% -$1.2B+13.4% -$1.3B+1.0% -$1.3B+2.0% -$1.4B+0.4% -$1.4B+2.1% -$1.4B-3.1% -$1.4B

AVAH Cash Flow Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow $4.3M-91.3% $49.7M+49.8% $33.2M-35.6% $51.6M+697.4% -$8.6M-164.4% $13.4M-54.4% $29.4M+1524.9% $1.8M
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$4.6M-133.8% -$1.9M+3.5% -$2.0M+87.4% -$16.0M-580.7% -$2.3M-53.6% -$1.5M+30.9% -$2.2M-74.4% -$1.3M
Financing Cash Flow -$3.8M-902.1% -$377K-102.7% $13.9M+319.9% -$6.3M-249.7% -$1.8M+70.0% -$6.1M-267.2% $3.6M-19.8% $4.5M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

AVAH Financial Ratios

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 31.7%-0.5pp 32.2%-0.4pp 32.6%-3.1pp 35.8%+2.9pp 32.8%-0.2pp 33.0%+1.7pp 31.4%+0.0pp 31.3%
Operating Margin 10.7%-0.0pp 10.7%+2.1pp 8.6%-5.0pp 13.6%+4.3pp 9.3%+0.5pp 8.8%+2.1pp 6.7%-0.7pp 7.3%
Net Margin 6.4%+13.4pp -7.0%-9.2pp 2.3%-2.3pp 4.6%+3.7pp 0.9%-6.8pp 7.7%+16.1pp -8.4%-11.2pp 2.8%
Return on Equity 17.3%+41.0pp -23.7%-176.8pp 153.1% N/A N/A N/A N/A N/A
Return on Assets 2.1%+4.3pp -2.3%-3.1pp 0.8%-0.8pp 1.5%+1.2pp 0.3%-2.1pp 2.4%+5.0pp -2.6%-3.5pp 0.8%
Current Ratio 1.47+0.2 1.32+0.1 1.23+0.1 1.09+0.0 1.05+0.1 0.98+0.0 0.940.0 0.94
Debt-to-Equity 5.35-1.3 6.62-133.8 140.39+246.2 -105.86-93.2 -12.69-2.4 -10.29-2.1 -8.15+2.6 -10.71
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Aveanna Healthcare Holdings, Inc. (AVAH) reported $2.4B in total revenue for fiscal year 2026. This represents a 20.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Aveanna Healthcare Holdings, Inc. (AVAH) revenue grew by 20.2% year-over-year, from $2.0B to $2.4B in fiscal year 2026.

Yes, Aveanna Healthcare Holdings, Inc. (AVAH) reported a net income of $225K in fiscal year 2026, with a net profit margin of 0.0%.

Aveanna Healthcare Holdings, Inc. (AVAH) reported diluted earnings per share of $1.05 for fiscal year 2026. This represents a 1850.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Aveanna Healthcare Holdings, Inc. (AVAH) had EBITDA of $267.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Aveanna Healthcare Holdings, Inc. (AVAH) had $189.3M in cash and equivalents against $1.3B in long-term debt.

Aveanna Healthcare Holdings, Inc. (AVAH) had a gross margin of 33.3% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Aveanna Healthcare Holdings, Inc. (AVAH) had an operating margin of 10.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Aveanna Healthcare Holdings, Inc. (AVAH) had a net profit margin of 0.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Aveanna Healthcare Holdings, Inc. (AVAH) has a return on equity of 0.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Aveanna Healthcare Holdings, Inc. (AVAH) generated $125.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Aveanna Healthcare Holdings, Inc. (AVAH) had $2.0B in total assets as of fiscal year 2026, including both current and long-term assets.

Aveanna Healthcare Holdings, Inc. (AVAH) had 218M shares outstanding as of fiscal year 2026.

Aveanna Healthcare Holdings, Inc. (AVAH) had a current ratio of 1.47 as of fiscal year 2026, which is considered adequate.

Aveanna Healthcare Holdings, Inc. (AVAH) had a debt-to-equity ratio of 5.35 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Aveanna Healthcare Holdings, Inc. (AVAH) had a return on assets of 0.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Aveanna Healthcare Holdings, Inc. (AVAH) has an Altman Z-Score of 1.53, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Aveanna Healthcare Holdings, Inc. (AVAH) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Aveanna Healthcare Holdings, Inc. (AVAH) has an earnings quality ratio of 559.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Aveanna Healthcare Holdings, Inc. (AVAH) has an interest coverage ratio of 1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Aveanna Healthcare Holdings, Inc. (AVAH) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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