Chemed Corp, founded in 1968 and headquartered in Cincinnati, Ohio, United States, operates through its two primary segments: VITAS Healthcare, which provides hospice and palliative care services, and Roto-Rooter, known for emergency plumbing services. Led by CEO John Z. Block since 2015, the company has achieved notable market positions with approximately 20% of the U.S. hospice care market and an estimated 40% share in plumbing repairs nationally. It generates revenue from a diversified customer base through efficient, scale-driven operations. Future investments in technology and network expansion are set to drive its continued growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
2,529,980
2,431,290
2,264,420
2,134,960
Cost of Sales
1,706,790
1,576,940
1,465,600
1,369,880
Gross Profit
823,184
854,348
798,815
765,086
Selling, General & Administrative Expenses
417,188
424,360
395,120
358,727
Depreciation & Amortization Expenses
64,841
63,049
60,865
59,172
Other Operating Expenses
2,909
446
2,261
3,691
Operating Profit
338,246
366,493
340,569
343,496
Interest Expense
(1,750)
(1,780)
(3,108)
(4,584)
Non-Operating Income
19,282
34,752
12,906
(9,233)
Total Non-Operating Income
17,532
32,972
9,798
(13,817)
Income Before Provision for Income Taxes
355,778
399,465
350,367
329,679
Provision for Income Taxes
90,540
97,466
77,858
80,055
Consolidated Net Income
265,238
301,999
272,509
249,624
Net Income Attributable to Common Shareholders
265,238
301,999
272,509
249,624
Basic EPS
18.42
20.10
18.11
16.72
Diluted EPS
18.34
19.89
17.93
16.53
Basic Weighted Average Shares Outstanding
14,398
15,024
15,050
14,929
Diluted Weighted Average Shares Outstanding
14,460
15,186
15,200
15,099
Shares Outstanding
13,710
14,556
15,035
14,875
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
74,515
178,350
263,958
74,126
Total Cash and Cash Equivalents
74,515
178,350
263,958
74,126
Accounts Receivable
182,575
171,163
181,511
139,408
Total Trade Receivables
182,575
171,163
181,511
139,408
Inventories
7,543
8,193
12,004
10,272
Other Current Assets
37,983
37,042
43,370
48,806
Total Current Assets
302,616
394,748
500,843
272,612
Net Property, Plant & Equipment
336,813
328,160
330,227
335,376
Net Intangible Assets
82,764
92,206
90,264
99,726
Goodwill
666,999
666,744
585,017
581,295
Long-Term Investments
140,347
130,960
106,126
93,196
Other Long-Term Assets
8,650
55,757
55,618
59,807
Total Assets
1,538,190
1,668,580
1,668,100
1,442,010
Accounts Payable
64,459
44,146
64,034
41,884
Accrued Expenses
122,887
156,369
153,807
150,321
Current Portion of Long-Term Debt
—
—
—
5,000
Current Portion of Leases
40,892
42,306
38,635
38,996
Other Current Liabilities
58,892
42,874
55,574
61,004
Total Current Liabilities
287,130
285,695
312,050
297,205
Long-Term Debt
—
—
—
92,500
Leases
102,867
98,538
100,776
110,513
Other Long-Term Liabilities
168,787
165,349
147,393
143,079
Total Long-Term Liabilities
271,654
263,887
248,169
346,092
Total Liabilities
558,784
549,582
560,219
643,297
Common Stock
37,595
37,422
37,184
36,796
Treasury Stock
(3,608,120)
(3,126,660)
(2,719,590)
(2,588,150)
Additional Paid-in Capital
1,592,200
1,484,180
1,341,270
1,149,900
Accumulated Other Comprehensive Income
2,355
2,223
2,082
2,247
Retained Earnings
2,955,380
2,721,830
2,446,930
2,197,920
Total Common Shareholders' Equity
979,405
1,118,990
1,107,880
798,715
Total Shareholders' Equity
979,405
1,118,990
1,107,880
798,715
Total Liabilities and Shareholders' Equity
1,538,190
1,668,580
1,668,100
1,442,010
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
265,238
301,999
272,509
249,624
Depreciation & Amortization
64,841
63,049
60,865
59,172
Share-Based Compensation Expense
38,680
52,109
40,793
33,612
Other Adjustments
(4,198)
(9,567)
(5,397)
994
Changes in Trade Receivables
(11,596)
10,678
(41,488)
(2,414)
Changes in Inventories
650
3,831
(1,732)
(162)
Changes in Accounts Payable
(5,194)
(9,279)
(9,348)
15,343
Changes in Income Taxes Payable
(6,217)
2,182
11,748
(996)
Changes in Other Operating Activities
46,068
2,495
2,349
(45,287)
Cash from Operating Activities
388,272
417,497
330,299
309,886
Capital Expenditure
(62,795)
(49,531)
(56,854)
(57,325)
Proceeds from Sale of Property, Plant & Equipment
4,568
3,315
640
2,330
Payments for Business Acquisitions
(225)
(97,400)
(3,994)
(3,529)
Other Investing Activities
(888)
(295)
(434)
(878)
Cash from Investing Activities
(59,340)
(143,911)
(60,642)
(59,402)
Issuance of Short-Term Debt
—
—
—
121,800
Repayments of Short-Term Debt
—
—
—
(306,800)
Net Issuance / (Repayments) of Short-Term Debt
—
—
—
(185,000)
Issuance of Long-Term Debt
—
—
—
100,000
Repayments of Long-Term Debt
—
—
(97,500)
(2,500)
Net Issuance / (Repayments) of Long-Term Debt
—
—
(97,500)
97,500
Issuance of Common Shares
27,152
56,517
102,192
44,968
Repurchases of Common Shares
(440,319)
(370,846)
(77,254)
(130,126)
Net Issuance / (Repurchases) of Common Shares
(413,167)
(314,329)
24,938
(85,158)
Common Share Dividends Paid
(31,695)
(27,092)
(23,502)
(22,017)
Other Financing Activities
12,095
(17,773)
16,239
(14,578)
Cash from Financing Activities
(432,767)
(359,194)
(79,825)
(209,253)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash