Addus HomeCare Corporation
ADUS Healthcare Medical Care Facilities
Addus HomeCare Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 23.2% from fiscal 2024. In the quarter to June 2026, revenue grew 8.01%, EPS grew 24.2%, free cash flow grew 81.7% and total debt fell 63.6%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
Follow ADUS
Addus HomeCare Corporation (ADUS) Altman Z-score
Addus HomeCare Corporation's Altman Z-score for fiscal 2025 is 5.17, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.17 | 0.76 |
| FY2024 | 4.41 | (0.20) |
| FY2023 | 4.61 | (0.23) |
| FY2022 | 4.84 | 0.79 |
| FY2021 | 4.06 | (0.32) |
| FY2020 | 4.38 | (2.42) |
| FY2019 | 6.80 | (1.83) |
| FY2018 | 8.63 | 3.38 |
| FY2017 | 5.24 | (0.84) |
| FY2016 | 6.08 | (0.24) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.10 | |
| Retained earnings / total assets | 0.33 | — | 0.46 | |
| EBIT / total assets | 0.10 | — | 0.32 | |
| Market value of equity / total liabilities | 5.51 | — | 3.30 | |
| Sales / total assets | 0.99 | — | 0.99 | |
| Altman Z-score | Safe zone | 5.17 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.50 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| GRDN Guardian Pharmacy Services, Inc. compare | 10.3× |
| ADUS Addus HomeCare Corporation | 5.2× |
| ASTH Astrana Health, Inc. compare | 2.4× |
| MD Pediatrix Medical Group, Inc. compare | 2.1× |
| ARDT Ardent Health, Inc. compare | 2.0× |
| AVAH Aveanna Healthcare Holdings Inc. compare | 1.5× |
| SGRY Surgery Partners, Inc. compare | 0.8× |
| SNDA Sonida Senior Living, Inc. compare | −0.1× |
| BKD Brookdale Senior Living Inc. compare | −0.2× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets