NYSE : CHE
Chemed Corporation — Financial statements
Healthcare · Medical Care Facilities · United States
Last price 534.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.93B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Chemed Corporation (CHE) reported revenue of 2.66B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.66B | 2.53B | 2.43B | 2.26B | 2.13B | 2.14B |
| Cost of Revenue | 1.77B | 1.71B | 1.58B | 1.47B | 1.37B | 1.37B |
| Gross Profit | 892.52M | 823.18M | 854.35M | 798.82M | 765.09M | 769.80M |
| Selling, General & Admin | 443.80M | 414.49M | 419.06M | 395.12M | 358.73M | 366.73M |
| Amortization of Goodwill & Intangibles | 10.83M | 10.28M | 10.19M | 10.06M | 10.07M | 10.04M |
| Operating Expenses | 511.39M | 479.33M | 482.11M | 455.99M | 417.90M | 425.78M |
| Operating Income | 381.13M | 343.86M | 372.24M | 342.83M | 347.19M | 344.02M |
| Interest Expense | -4.92M | -1.75M | -1.78M | -3.11M | -4.58M | -1.87M |
| Interest & Investment Income | 2.96M | 8.74M | 14.61M | 6.27M | 355.00K | 377.00K |
| Other Non Operating Income (Expenses) | 13.43M | 10.54M | 20.14M | 6.64M | -9.59M | 8.77M |
| EBT Excluding Unusual Items | 392.60M | 361.39M | 405.21M | 352.63M | 333.37M | 351.30M |
| Gain (Loss) on Sale of Assets | 130.00K | 162.00K | -446.00K | -211.00K | 309.00K | -987.00K |
| Legal Settlements | -7.70M | -3.07M | -2.05M | -4.00M | ||
| Other Unusual Items | -2.70M | -2.70M | -5.30M | |||
| Pretax Income | 382.32M | 355.78M | 399.46M | 350.37M | 329.68M | 350.31M |
| Income Tax Expense | 99.92M | 90.54M | 97.47M | 77.86M | 80.06M | 81.76M |
| Net Income | 282.40M | 265.24M | 302.00M | 272.51M | 249.62M | 268.55M |
| Net Income to Common | 282.40M | 265.24M | 302.00M | 272.51M | 249.62M | 268.55M |
| Shares Outstanding (Basic) | 13.47M | 14.40M | 15.02M | 15.05M | 14.93M | 15.67M |
| Shares Outstanding (Diluted) | 13.49M | 14.46M | 15.19M | 15.20M | 15.10M | 15.94M |
| EPS (Basic) | 20.96 | 18.42 | 20.10 | 18.11 | 16.72 | 17.14 |
| EPS (Diluted) | 20.93 | 18.34 | 19.89 | 17.93 | 16.53 | 16.85 |
| Free Cash Flow | 295.45M | 325.48M | 367.97M | 273.44M | 252.56M | 249.92M |
| Free Cash Flow Per Share | 21.90 | 22.51 | 24.23 | 17.99 | 16.73 | 15.68 |
| Dividend Per Share | 2.50 | 2.20 | 1.80 | 1.56 | 1.48 | 1.56 |
| Gross Margin | 33.54% | 32.54% | 35.14% | 35.28% | 35.84% | 35.98% |
| Operating Margin | 14.32% | 13.59% | 15.31% | 15.14% | 16.26% | 16.08% |
| Profit Margin | 10.61% | 10.48% | 12.42% | 12.03% | 11.69% | 12.55% |
| Free Cash Flow Margin | 11.10% | 12.86% | 15.14% | 12.08% | 11.83% | 11.68% |
| EBITDA | 444.42M | 404.40M | 430.99M | 399.19M | 400.86M | 397.28M |
| EBITDA Margin | 16.70% | 15.98% | 17.73% | 17.63% | 18.78% | 18.57% |
| D&A For EBITDA | 63.29M | 60.54M | 58.75M | 56.37M | 53.67M | 53.25M |
| EBIT | 381.13M | 343.86M | 372.24M | 342.83M | 347.19M | 344.02M |
| EBIT Margin | 14.32% | 13.59% | 15.31% | 15.14% | 16.26% | 16.08% |
| Effective Tax Rate | 26.14% | 25.45% | 24.40% | 22.22% | 24.28% | 23.34% |
| Advertising Expenses | 83.10M | 78.80M | 72.20M | 68.60M | 62.10M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 48.43M | 74.52M | 178.35M | 263.96M | 74.13M | 32.90M |
| Cash & Short-Term Investments | 48.43M | 74.52M | 178.35M | 263.96M | 74.13M | 32.90M |
| Receivables | 254.86M | 182.57M | 171.16M | 181.51M | 139.41M | 137.22M |
| Inventory | 7.75M | 7.54M | 8.19M | 12.00M | 10.27M | 10.11M |
| Prepaid Expenses | 38.35M | 26.82M | 25.97M | 30.20M | 30.29M | 32.69M |
| Other Current Assets | 16.35M | 11.16M | 11.07M | 13.17M | 18.52M | 17.38M |
| Total Current Assets | 365.73M | 302.62M | 394.75M | 500.84M | 272.61M | 230.29M |
| Property, Plant & Equipment | 360.99M | 326.91M | 320.06M | 322.23M | 326.48M | 309.73M |
| Goodwill | 754.76M | 667.00M | 666.74M | 585.02M | 581.29M | 578.59M |
| Other Intangible Assets | 78.79M | 92.66M | 100.31M | 98.26M | 108.63M | 117.10M |
| Long-Term Deferred Charges | 1.20M | 1.70M | 474.00K | |||
| Other Long-Term Assets | 158.17M | 149.00M | 186.72M | 160.55M | 151.30M | 106.55M |
| Total Assets | 1.72B | 1.54B | 1.67B | 1.67B | 1.44B | 1.34B |
| Accounts Payable | 65.30M | 64.46M | 44.15M | 64.03M | 41.88M | 73.02M |
| Accrued Expenses | 166.09M | 120.38M | 148.78M | 162.24M | 172.47M | 152.39M |
| Current Portion of Long-Term Debt | 5.00M | |||||
| Current Portion of Leases | 41.21M | 40.89M | 42.31M | 38.63M | 39.00M | 37.91M |
| Current Income Taxes Payable | 2.50M | 7.59M | 6.86M | 41.00K | ||
| Other Current Liabilities | 58.34M | 58.89M | 42.87M | 40.29M | 38.85M | 39.03M |
| Total Current Liabilities | 330.93M | 287.13M | 285.69M | 312.05M | 297.20M | 302.40M |
| Long-Term Debt | 236.00M | 92.50M | 185.00M | |||
| Long-Term Leases | 114.98M | 102.87M | 98.54M | 100.78M | 110.51M | 100.63M |
| Pension & Post-Retirement Benefits | 142.42M | 136.14M | 126.03M | 104.07M | ||
| Long-Term Deferred Tax Liabilities | 18.86M | 19.31M | 25.95M | 30.32M | 38.61M | 23.18M |
| Other Long-Term Liabilities | 13.82M | 13.34M | 13.37M | 13.00M | 104.47M | 108.24M |
| Total Liabilities | 857.02M | 558.78M | 549.58M | 560.22M | 643.30M | 719.45M |
| Common Stock | 37.76M | 37.59M | 37.42M | 37.18M | 36.80M | 36.51M |
| Additional Paid-In Capital | 1.69B | 1.59B | 1.48B | 1.34B | 1.15B | 1.04B |
| Retained Earnings | 3.14B | 2.96B | 2.72B | 2.45B | 2.20B | 1.97B |
| Treasury Stock | -4.01B | -3.61B | -3.13B | -2.72B | -2.59B | -2.43B |
| Comprehensive Income & Other | 2.48M | 2.35M | 2.22M | 2.08M | 2.25M | 2.20M |
| Shareholders' Equity | 861.42M | 979.40M | 1.12B | 1.11B | 798.72M | 623.27M |
| Total Liabilities & Equity | 1.72B | 1.54B | 1.67B | 1.67B | 1.44B | 1.34B |
| Total Debt | 392.19M | 143.76M | 140.84M | 139.41M | 247.01M | 323.54M |
| Net Cash (Debt) | -343.77M | -69.24M | 37.51M | 124.55M | -172.88M | -290.65M |
| Net Cash Per Share | -25.48 | -4.79 | 2.47 | 8.19 | -11.45 | -18.24 |
| Filing Date Shares Outstanding | 12.96M | 13.77M | 14.64M | 15.12M | 14.95M | 14.99M |
| Total Common Shares Outstanding | 12.96M | 13.71M | 14.56M | 15.03M | 14.87M | 14.91M |
| Working Capital | 34.79M | 15.49M | 109.05M | 188.79M | -24.59M | -72.11M |
| Book Value Per Share | 66.47 | 71.43 | 76.87 | 73.69 | 53.70 | 41.80 |
| Tangible Book Value | 27.87M | 219.74M | 351.94M | 424.60M | 108.79M | -72.41M |
| Tangible Book Value Per Share | 2.15 | 16.03 | 24.18 | 28.24 | 7.31 | -4.86 |
| Land | 11.66M | 12.35M | 14.36M | 11.86M | 11.35M | |
| Buildings | 139.22M | 140.66M | 130.69M | 123.84M | 122.76M | |
| Machinery | 350.38M | 343.98M | 332.23M | 310.45M | 295.64M | |
| Construction In Progress | 12.56M | 9.61M | 8.79M | 20.19M | 17.78M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 282.40M | 265.24M | 302.00M | 272.51M | 249.62M | 268.55M |
| Depreciation & Amortization | 63.29M | 60.54M | 58.75M | 56.37M | 53.67M | 53.25M |
| Other Amortization | 4.63M | 4.62M | 4.62M | 5.08M | 5.84M | 6.11M |
| Stock-Based Compensation | 42.39M | 38.68M | 52.11M | 40.79M | 33.61M | 31.42M |
| Other Operating Activities | 16.09M | -4.06M | -8.11M | -5.14M | 626.00K | -23.93M |
| Change in Accounts Receivable | -38.50M | -11.60M | 10.68M | -41.49M | -2.41M | -8.43M |
| Change in Inventory | 490.00K | 650.00K | 3.83M | -1.73M | -162.00K | -3.01M |
| Change in Accounts Payable | 12.49M | -5.19M | -9.28M | -9.35M | 15.34M | 9.83M |
| Change in Income Taxes | -11.74M | -6.22M | 2.18M | 11.75M | -996.00K | -20.40M |
| Change in Other Net Operating Assets | -8.39M | 45.61M | 721.00K | 1.51M | -45.26M | -4.79M |
| Operating Cash Flow | 363.15M | 388.27M | 417.50M | 330.30M | 309.89M | 308.60M |
| Capital Expenditures | -67.70M | -62.80M | -49.53M | -56.85M | -57.33M | -58.67M |
| Sale of Property, Plant & Equipment | 1.30M | 4.57M | 3.31M | 640.00K | 2.33M | 904.00K |
| Cash Acquisitions | -96.05M | -225.00K | -97.40M | -3.99M | -3.53M | |
| Other Investing Activities | -922.00K | -888.00K | -295.00K | -434.00K | -878.00K | 14.00K |
| Investing Cash Flow | -163.37M | -59.34M | -143.91M | -60.64M | -59.40M | -57.76M |
| Short-Term Debt Issued | 10.97M | 15.75M | 11.88M | |||
| Long-Term Debt Issued | 221.80M | 210.30M | ||||
| Total Debt Issued | 860.46M | 10.97M | 15.75M | 221.80M | 222.18M | |
| Short-Term Debt Repaid | -15.75M | -11.88M | ||||
| Long-Term Debt Repaid | -97.50M | -309.30M | -25.30M | |||
| Total Debt Repaid | -607.28M | -15.75M | -97.50M | -321.18M | -25.30M | |
| Net Debt Issued (Repaid) | 253.18M | 10.97M | -15.75M | -81.75M | -99.38M | 196.88M |
| Issuance of Common Stock | 30.28M | 27.15M | 56.52M | 102.19M | 44.97M | 35.85M |
| Repurchase of Common Stock | -528.76M | -440.32M | -370.85M | -77.25M | -130.13M | -591.17M |
| Common Dividends Paid | -33.73M | -31.70M | -27.09M | -23.50M | -22.02M | -22.02M |
| Other Financing Activities | -2.07M | 1.12M | -2.02M | 490.00K | -2.69M | -165.00K |
| Financing Cash Flow | -281.11M | -432.77M | -359.19M | -79.83M | -209.25M | -380.62M |
| Net Cash Flow | -81.33M | -103.83M | -85.61M | 189.83M | 41.23M | -129.78M |
| Free Cash Flow | 295.45M | 325.48M | 367.97M | 273.44M | 252.56M | 249.92M |
| Free Cash Flow Margin | 11.10% | 12.86% | 15.14% | 12.08% | 11.83% | 11.68% |
| Free Cash Flow Per Share | 21.90 | 22.51 | 24.23 | 17.99 | 16.73 | 15.68 |
| Levered Free Cash Flow | 265.51M | 246.01M | 288.02M | 240.50M | 238.00M | 216.87M |
| Unlevered Free Cash Flow | 268.25M | 246.78M | 288.81M | 241.86M | 240.52M | 217.73M |
| Cash Interest Paid | 1.34M | 1.34M | 1.16M | 2.65M | 3.71M | 1.40M |
| Cash Income Tax Paid | 102.70M | 102.70M | 98.73M | 73.88M | 65.89M | 99.43M |
| Change in Working Capital | -45.65M | 23.25M | 8.13M | -39.31M | -33.49M | -26.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.93B | 6.04B | 7.91B | 8.78B | 7.59B | 8.11B |
| Enterprise Value | 7.27B | 6.05B | 7.82B | 8.74B | 7.83B | 8.22B |
| Last Close Price | 534.72 | 426.18 | 525.32 | 577.97 | 503.04 | 519.78 |
| PE Ratio | 25.55 | 22.76 | 26.19 | 32.20 | 30.41 | 30.20 |
| Forward PE | 19.76 | 17.07 | 21.84 | 25.48 | 25.50 | 27.46 |
| PS Ratio | 2.60 | 2.39 | 3.25 | 3.88 | 3.56 | 3.79 |
| PB Ratio | 8.04 | 6.16 | 7.07 | 7.92 | 9.50 | 13.01 |
| P/TBV Ratio | 248.63 | 27.47 | 22.47 | 20.67 | 69.77 | |
| P/FCF Ratio | 23.46 | 18.55 | 21.49 | 32.09 | 30.05 | 32.45 |
| P/OCF Ratio | 19.08 | 15.55 | 18.94 | 26.57 | 24.49 | 26.28 |
| PEG Ratio | 1.81 | 1.95 | 1.99 | 2.86 | 3.67 | 3.57 |
| EV/Sales Ratio | 2.73 | 2.39 | 3.22 | 3.86 | 3.67 | 3.84 |
| EV/EBITDA Ratio | 16.37 | 14.96 | 18.14 | 21.89 | 19.53 | 20.69 |
| EV/EBIT Ratio | 19.08 | 17.59 | 21.00 | 25.49 | 22.55 | 23.89 |
| EV/FCF Ratio | 24.62 | 18.58 | 21.25 | 31.96 | 31.00 | 32.89 |
| Debt / Equity Ratio | 0.46 | 0.15 | 0.13 | 0.13 | 0.31 | 0.52 |
| Debt / EBITDA Ratio | 0.76 | 0.30 | 0.28 | 0.30 | 0.54 | 0.71 |
| Debt / FCF Ratio | 1.33 | 0.44 | 0.38 | 0.51 | 0.98 | 1.29 |
| Net Debt / Equity Ratio | 0.40 | 0.07 | -0.03 | -0.11 | 0.22 | 0.47 |
| Net Debt / EBITDA Ratio | 0.77 | 0.17 | -0.09 | -0.31 | 0.43 | 0.73 |
| Net Debt / FCF Ratio | 1.16 | 0.21 | -0.10 | -0.46 | 0.69 | 1.16 |
| Asset Turnover | 1.59 | 1.58 | 1.46 | 1.46 | 1.53 | 1.54 |
| Inventory Turnover | 221.26 | 216.93 | 156.16 | 131.59 | 134.43 | 159.20 |
| Quick Ratio | 0.92 | 0.90 | 1.22 | 1.43 | 0.72 | 0.56 |
| Current Ratio | 1.10 | 1.05 | 1.38 | 1.60 | 0.92 | 0.76 |
| Return on Equity (ROE) | 29.14% | 25.28% | 27.12% | 28.59% | 35.11% | 35.23% |
| Return on Assets (ROA) | 14.26% | 13.40% | 13.94% | 13.78% | 15.58% | 15.48% |
| Return on Invested Capital (ROIC) | 24.58% | 24.07% | 27.26% | 27.28% | 27.88% | 29.50% |
| Return on Capital Employed (ROCE) | 27.50% | 27.50% | 26.90% | 25.30% | 30.30% | 33.10% |
| Earnings Yield | 3.91% | 4.39% | 3.82% | 3.10% | 3.29% | 3.31% |
| FCF Yield | 4.26% | 5.39% | 4.65% | 3.12% | 3.33% | 3.08% |
| Dividend Yield | 0.52% | 0.50% | 0.33% | 0.27% | 0.29% | 0.29% |
| Payout Ratio | 11.94% | 11.95% | 8.97% | 8.62% | 8.82% | 8.20% |
| Buyback Yield / Dilution | 8.29% | 4.78% | 0.09% | -0.67% | 5.26% | 2.80% |
| Total Shareholder Return | 8.81% | 5.28% | 0.42% | -0.40% | 5.55% | 3.09% |