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Side-by-side financial comparison of Enhabit, Inc. (EHAB) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $270.4M, roughly 1.6× Enhabit, Inc.). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -14.3%, a 21.9% gap on every dollar of revenue. On growth, Enhabit, Inc. posted the faster year-over-year revenue change (4.7% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $3.3M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
EHAB vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $430.0M |
| Net Profit | $-38.7M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | -12.3% | 8.6% |
| Net Margin | -14.3% | 7.6% |
| Revenue YoY | 4.7% | -9.6% |
| Net Profit YoY | 15.9% | -61.6% |
| EPS (diluted) | $-0.76 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $270.4M | $504.3M | ||
| Q3 25 | $263.6M | $381.4M | ||
| Q2 25 | $266.1M | $384.5M | ||
| Q1 25 | $259.9M | $475.6M | ||
| Q4 24 | $258.2M | $490.8M | ||
| Q3 24 | $253.6M | $325.1M | ||
| Q2 24 | $260.6M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-38.7M | $234.6M | ||
| Q3 25 | $11.1M | $43.4M | ||
| Q2 25 | $5.2M | $30.1M | ||
| Q1 25 | $17.8M | $85.4M | ||
| Q4 24 | $-46.0M | $119.1M | ||
| Q3 24 | $-110.2M | $-14.4M | ||
| Q2 24 | $-200.0K | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -12.3% | 20.7% | ||
| Q3 25 | 6.4% | 3.8% | ||
| Q2 25 | 6.3% | 4.5% | ||
| Q1 25 | 6.1% | 26.7% | ||
| Q4 24 | -16.0% | 29.1% | ||
| Q3 24 | -38.6% | -3.6% | ||
| Q2 24 | 4.3% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -14.3% | 46.5% | ||
| Q3 25 | 4.2% | 11.4% | ||
| Q2 25 | 2.0% | 7.8% | ||
| Q1 25 | 6.8% | 18.0% | ||
| Q4 24 | -17.8% | 24.3% | ||
| Q3 24 | -43.5% | -4.4% | ||
| Q2 24 | -0.1% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.76 | $0.81 | ||
| Q3 25 | $0.22 | $0.24 | ||
| Q2 25 | $0.10 | $0.17 | ||
| Q1 25 | $0.35 | $0.91 | ||
| Q4 24 | $-0.92 | $1.35 | ||
| Q3 24 | $-2.20 | $-0.17 | ||
| Q2 24 | $0.00 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.6M | $270.0M |
| Total DebtLower is stronger | $426.0M | — |
| Stockholders' EquityBook value | $534.0M | $705.9M |
| Total Assets | $1.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $43.6M | $425.8M | ||
| Q3 25 | $56.9M | $351.4M | ||
| Q2 25 | $37.1M | $411.6M | ||
| Q1 25 | $39.5M | $371.7M | ||
| Q4 24 | $28.4M | $740.0M | ||
| Q3 24 | $45.7M | $703.0M | ||
| Q2 24 | $28.5M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $426.0M | — | ||
| Q3 25 | $441.5M | — | ||
| Q2 25 | $456.9M | — | ||
| Q1 25 | $467.3M | — | ||
| Q4 24 | $492.6M | — | ||
| Q3 24 | $502.9M | — | ||
| Q2 24 | $512.7M | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $534.0M | $787.4M | ||
| Q3 25 | $566.8M | $596.8M | ||
| Q2 25 | $552.4M | $624.5M | ||
| Q1 25 | $543.2M | $611.3M | ||
| Q4 24 | $523.5M | $585.5M | ||
| Q3 24 | $566.1M | $473.0M | ||
| Q2 24 | $674.3M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.3B | $1.6B | ||
| Q2 24 | $1.4B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.94× | — | ||
| Q3 24 | 0.89× | — | ||
| Q2 24 | 0.76× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.4M | — |
| Free Cash FlowOCF − Capex | $3.3M | $206.5M |
| FCF MarginFCF / Revenue | 1.2% | 48.0% |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4M | $158.4M | ||
| Q3 25 | $37.8M | $56.3M | ||
| Q2 25 | $10.6M | $86.3M | ||
| Q1 25 | $17.9M | $204.2M | ||
| Q4 24 | $-4.1M | $95.2M | ||
| Q3 24 | $28.4M | $30.5M | ||
| Q2 24 | $9.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $3.3M | $152.4M | ||
| Q3 25 | $36.2M | $51.8M | ||
| Q2 25 | $8.7M | $84.1M | ||
| Q1 25 | $17.6M | $202.3M | ||
| Q4 24 | $-4.7M | $92.4M | ||
| Q3 24 | $27.7M | $27.4M | ||
| Q2 24 | $8.9M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 1.2% | 30.2% | ||
| Q3 25 | 13.7% | 13.6% | ||
| Q2 25 | 3.3% | 21.9% | ||
| Q1 25 | 6.8% | 42.5% | ||
| Q4 24 | -1.8% | 18.8% | ||
| Q3 24 | 10.9% | 8.4% | ||
| Q2 24 | 3.4% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 1.2% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.7% | 0.6% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.2% | 0.6% | ||
| Q3 24 | 0.3% | 0.9% | ||
| Q2 24 | 0.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 3.41× | 1.30× | ||
| Q2 25 | 2.04× | 2.87× | ||
| Q1 25 | 1.01× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
