AVAH Nasdaq Services-Home Health Care Services Financials FY2020βFY2026
Aveanna Healthcare Holdings, Inc. had $2.4B of revenue in fiscal 2026, up 20.2% on the year before. Over five years, revenue changed +10.2% a year on average.
Last close Β· Oct 23, 2026
$13.38
0.5%Hi! I read Aveanna Healthcare Holdings, Inc.βs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+20.2%
Yes. Sales grew 20.2% last year.
Does it make a profit?
9.2%
A little. It keeps 9.2% of every sale as profit.
Is debt under control?
4.1x
Heavy. Repaying its debt would take 4.1 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
10.6x
One share costs 10.6 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Aveanna Healthcare Holdings, Inc. had $2.4B of revenue in fiscal 2026, up 20.2% on the year before. Over five years, revenue changed +10.2% a year on average. Its operating margin was 10.5%, up 3.6Β pts: of every 100 in sales, about 11 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Aveanna Healthcare Holdings, Inc. made $225M of net profit in fiscal 2026.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $487M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$487M
9 insiders
Of sales under plans
2%
$7.6M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Paul R Vigano10% owner | Sold | 2,250,000 | $11.50 | $25.9M | Form 4 |
| Aug 20, 2026 | Rodney D WindleyDirector | Sold | 180,000 | $11.50 | $2.1M | Form 4 |
| Aug 20, 2026 | Paul R Vigano10% owner | Sold | 14,500,002 | $11.50 | $167M | Form 4 |
| Aug 20, 2026 | Jeff ShanerChief Executive Officer | Sold | 90,000 | $11.50 | $1.0M | Form 4 |
| Aug 20, 2026 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 12,496,077 | $11.50 | $144M | Form 4 |
| Aug 20, 2026 | Edwin C. ReiszChief Administrative Officer | Sold | 50,000 | $11.50 | $0.6M | Form 4 |
| Jun 30, 2026 | Robert M Williams Jr10% owner | Sold | 3,000,000 | $8.01 | $24.0M | Form 4 |
| Jun 30, 2026 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 2,419,035 | $8.01 | $19.4M | Form 4 |
| Jun 24, 2026 | Paul R Vigano10% owner | Sold | 1,000,000 | $8.00 | $8.0M | Form 4 |
| Jun 24, 2026 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 919,389 | $8.00 | $7.4M | Form 4 |
| Jun 3, 2026 | Paul R Vigano10% owner | Sold | 7,000,000 | $6.24 | $43.7M | Form 4 |
| Jun 3, 2026 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 5,842,240 | $6.24 | $36.5M | Form 4 |
| May 20, 2026 | Patrick A. CunninghamChief Compliance Officer | Sold | 125,000 | $7.59 | $0.9M | Form 4 |
| Feb 19, 2026 | Jeff ShanerChief Executive Officer | Sold plan | 173,225 | $7.21 | $1.2M | Form 4 |
| Feb 19, 2026 | Matthew BuckhalterChief Financial Officer | Sold plan | 13,512 | $7.21 | $0.1M | Form 4 |
| Feb 19, 2026 | Edwin C. ReiszChief Administrative Officer | Sold plan | 60,769 | $7.21 | $0.4M | Form 4 |
| Feb 19, 2026 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 18,436 | $7.21 | $0.1M | Form 4 |
| Feb 19, 2026 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 11,181 | $7.21 | $0.1M | Form 4 |
| Feb 18, 2026 | Matthew BuckhalterChief Financial Officer | Sold plan | 13,167 | $7.38 | $0.1M | Form 4 |
| Feb 18, 2026 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 17,965 | $7.38 | $0.1M | Form 4 |
| Feb 18, 2026 | Jeff ShanerChief Executive Officer | Sold plan | 168,800 | $7.38 | $1.2M | Form 4 |
| Feb 18, 2026 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 10,896 | $7.38 | $0.1M | Form 4 |
| Feb 18, 2026 | Edwin C. ReiszChief Administrative Officer | Sold plan | 59,217 | $7.38 | $0.4M | Form 4 |
| Feb 17, 2026 | Jeff ShanerChief Executive Officer | Sold plan | 119,884 | $7.65 | $0.9M | Form 4 |
| Feb 17, 2026 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 7,738 | $7.65 | $0.1M | Form 4 |
| Feb 17, 2026 | Edwin C. ReiszChief Administrative Officer | Sold plan | 42,057 | $7.65 | $0.3M | Form 4 |
| Feb 17, 2026 | Matthew BuckhalterChief Financial Officer | Sold plan | 9,351 | $7.65 | $0.1M | Form 4 |
| Feb 17, 2026 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 12,759 | $7.65 | $0.1M | Form 4 |
| Jan 2, 2026 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 12,445 | $7.85 | $0.1M | Form 4 |
| Jan 2, 2026 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 11,962 | $7.85 | $0.1M | Form 4 |
| Jan 2, 2026 | Edwin C. ReiszChief Administrative Officer | Sold plan | 17,613 | $7.85 | $0.1M | Form 4 |
| Jan 2, 2026 | Jeff ShanerChief Executive Officer | Sold plan | 29,357 | $7.85 | $0.2M | Form 4 |
| Jan 2, 2026 | Matthew BuckhalterChief Financial Officer | Sold plan | 18,340 | $7.85 | $0.1M | Form 4 |
| Dec 31, 2025 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 11,731 | $8.18 | $0.1M | Form 4 |
| Dec 31, 2025 | Matthew BuckhalterChief Financial Officer | Sold plan | 17,289 | $8.18 | $0.1M | Form 4 |
| Dec 31, 2025 | Edwin C. ReiszChief Administrative Officer | Sold plan | 16,602 | $8.18 | $0.1M | Form 4 |
| Dec 31, 2025 | Jeff ShanerChief Executive Officer | Sold plan | 27,674 | $8.18 | $0.2M | Form 4 |
| Dec 31, 2025 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 11,275 | $8.18 | $0.1M | Form 4 |
| Dec 30, 2025 | Patrick A. CunninghamChief Compliance Officer | Sold plan | 11,839 | $8.36 | $0.1M | Form 4 |
| Dec 30, 2025 | Matthew BuckhalterChief Financial Officer | Sold plan | 17,448 | $8.36 | $0.1M | Form 4 |
| Dec 30, 2025 | Edwin C. ReiszChief Administrative Officer | Sold plan | 16,755 | $8.36 | $0.1M | Form 4 |
| Dec 30, 2025 | Jeff ShanerChief Executive Officer | Sold plan | 27,929 | $8.36 | $0.2M | Form 4 |
| Dec 30, 2025 | Deborah StewartSVP, Chief Accounting Officer | Sold plan | 11,379 | $8.36 | $0.1M | Form 4 |
| Oct 24, 2025 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 1,251,909 | $9.00 | $11.3M | Form 4 |
| Oct 24, 2025 | Robert M Williams Jr10% owner | Sold | 1,500,000 | $9.00 | $13.5M | Form 4 |
| Oct 21, 2025 | J.H. Whitney Equity Partners VII, LLC10% owner | Sold | 8,346,059 | $9.00 | $75.1M | Form 4 |
| Oct 21, 2025 | Paul R Vigano10% owner | Sold | 10,000,000 | $9.00 | $90.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Aveanna Healthcare Holdings, Inc. owes $1.1B more than it holds in cash, about 4.1 years of operating profit.
Cash, debt and the ratios that show how comfortably Aveanna Healthcare Holdings, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $30.5M | $19.2M | $43.9M | $84.3M | $193M |
| Debt incl. finance leases | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B |
| Net debt / EBITDA | β | β | 56.8x | 7.9x | 4.1x |
| Debt / equity | 1.9x | β | β | β | 6.7x |
| Interest coverage | β0.5x | β6.0x | 0.1x | 0.9x | 1.8x |
| Current ratio | 0.8x | 0.8x | 0.9x | 1.0x | 1.3x |
| Quick ratio | 0.8x | 0.8x | 0.9x | 1.0x | 1.3x |
| Total assets | $2.3B | $1.7B | $1.6B | $1.7B | $2.0B |
| Total liabilities | $1.7B | $1.7B | $1.7B | $1.8B | $1.8B |
| Shareholders' equity | $636M | β$6.3M | β$130M | β$124M | $194M |
| Net debt (β = net cash) | $1.2B | $1.3B | $1.2B | $1.2B | $1.1B |
KIRA Β· Its return on capital was 19.7%: every 100 invested in the business earned about 20 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Aveanna Healthcare Holdings, Inc. passes 6 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 9 | 3 / 9 | 6 / 9 | 6 / 9 | 6 / 9 |
| Accruals ratio | β | β9.4% | β5.1% | β30.3% | β9.5% | β2.7% | 5.4% |
| Altman Z'' | β | β0.36 | β0.70 | β5.10 | β2.98 | β2.25 | β0.46 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $1.4B | $1.5B | $1.7B | $1.8B | $1.9B | $2.0B | $2.4B |
| Gross profit | $419M | $455M | $542M | $553M | $595M | $636M | $810M |
| Operating income | $39.0M | β$3.5M | β$36.1M | β$642M | $8.1M | $140M | $256M |
| Interest expense | $92.3M | $83.0M | $68.9M | $108M | $153M | $157M | $140M |
| Pretax income | β$75.0M | β$51.7M | β$114M | β$664M | β$139M | $5.1M | $107M |
| Income tax | $1.5M | $5.3M | $3.5M | β$1.8M | β$4.5M | $16.0M | β$118M |
| Net income | β$76.5M | β$57.1M | β$117M | β$662M | β$135M | β$10.9M | $225M |
| Diluted EPS | β$0.56 | β$0.40 | β$0.69 | β$3.57 | β$0.71 | β$0.06 | $1.05 |
| Diluted shares | 0.14B | 0.14B | 0.00B | 0.19B | 0.19B | 0.19B | 0.21B |
| Cash flow | |||||||
| Cash from operations | β$8.7M | $117M | β$11.4M | β$48.4M | $22.7M | $32.6M | $126M |
| Capital expenditure | $16.6M | $15.2M | $16.0M | β | β | β | β |
| Free cash flow | β$25.4M | $101M | β$27.3M | β | β | β | β |
| Depreciation and amortization | $14.3M | $17.0M | $20.6M | $21.3M | $13.8M | $10.8M | $10.5M |
| Stock-based compensation | $1.9M | $3.3M | $14.4M | $15.9M | $13.2M | $17.5M | $25.1M |
| Acquisitions | $1.0M | $178M | $667M | $2.0M | β | $0.0M | $14.9M |
| Balance sheet | |||||||
| Cash and short-term investments | β | $137M | $30.5M | $19.2M | $43.9M | $84.3M | $193M |
| Total debt | β | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B |
| Current assets | β | $341M | $279M | $270M | $315M | $393M | $560M |
| Current liabilities | β | $260M | $345M | $326M | $355M | $402M | $424M |
| Property and equipment, net | β | $32.7M | $31.4M | $22.8M | $20.5M | $17.4M | $16.7M |
| Goodwill | $1.2B | $1.3B | $1.8B | $1.2B | $1.1B | $1.1B | $1.1B |
| Intangible assets | β | $73.6M | $103M | $95.9M | $94.0M | $89.6M | $92.6M |
| Total assets | β | $1.8B | $2.3B | $1.7B | $1.6B | $1.7B | $2.0B |
| Total liabilities | β | $1.6B | $1.7B | $1.7B | $1.7B | $1.8B | $1.8B |
| Preferred stock | β | β | β | β | β | β | $0.0M |
| Shareholders' equity | $270M | $265M | $636M | β$6.3M | β$130M | β$124M | $194M |
| Margins | |||||||
| Gross margin | 30.3% | 30.4% | 32.3% | 30.9% | 31.4% | 31.4% | 33.3% |
| Operating margin | 2.8% | β0.2% | β2.2% | β35.9% | 0.4% | 6.9% | 10.5% |
| EBITDA margin | 3.8% | 0.9% | β0.9% | β34.7% | 1.2% | 7.4% | 11.0% |
| Net margin | β5.5% | β3.8% | β7.0% | β37.0% | β7.1% | β0.5% | 9.2% |
| FCF margin | β1.8% | 6.8% | β1.6% | β | β | β | β |
| Returns | |||||||
| Return on capital | β | β0.2% | β1.6% | β40.1% | 0.6% | 8.5% | 19.7% |
| Return on capital employed | β | β0.2% | β1.8% | β46.4% | 0.6% | 11.1% | 16.2% |
| Return on equity | β28.3% | β21.3% | β26.0% | β210.3% | β | β | 634.7% |
| Return on assets | β | β3.1% | β5.6% | β32.7% | β8.1% | β0.7% | 12.2% |
| Growth | |||||||
| Revenue growth | β | 8.0% | 12.3% | 6.5% | 6.0% | 6.8% | 20.2% |
| FCF growth | β | β | β126.9% | β | β | β | β |
| Share count change | β | 3.0% | β99.9% | 108,664.9% | 2.4% | 1.5% | 11.4% |
| Financial health | |||||||
| Net debt / EBITDA | β | 76.5x | β | β | 56.8x | 7.9x | 4.1x |
| Debt / equity | β | 4.4x | 1.9x | β | β | β | 6.7x |
| Interest coverage | 0.4x | β0.0x | β0.5x | β6.0x | 0.1x | 0.9x | 1.8x |
| Current ratio | β | 1.3x | 0.8x | 0.8x | 0.9x | 1.0x | 1.3x |
| Quick ratio | β | 1.3x | 0.8x | 0.8x | 0.9x | 1.0x | 1.3x |
| Capital allocation | |||||||
| Capex / revenue | 1.2% | 1.0% | 1.0% | β | β | β | β |
| Stock comp / revenue | 0.1% | 0.2% | 0.9% | 0.9% | 0.7% | 0.9% | 1.0% |
| Quality scores | |||||||
| Piotroski F-score | β | β | 4.0 | 3.0 | 6.0 | 6.0 | 6.0 |
| Altman Z'' | β | β0.4 | β0.7 | β5.1 | β3.0 | β2.3 | β0.5 |
| Accruals ratio | β | β9.4% | β5.1% | β30.3% | β9.5% | β2.7% | 5.4% |
Source: SEC EDGAR XBRL filings (CIK 0001832332). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
