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Side-by-side financial comparison of Enhabit, Inc. (EHAB) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Enhabit, Inc. is the larger business by last-quarter revenue ($270.4M vs $152.8M, roughly 1.8× Riot Platforms, Inc.). Enhabit, Inc. runs the higher net margin — -14.3% vs -452.0%, a 437.7% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs 4.7%). Enhabit, Inc. produced more free cash flow last quarter ($3.3M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% 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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
EHAB vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $152.8M |
| Net Profit | $-38.7M | $-690.7M |
| Gross Margin | — | — |
| Operating Margin | -12.3% | -447.9% |
| Net Margin | -14.3% | -452.0% |
| Revenue YoY | 4.7% | 7.2% |
| Net Profit YoY | 15.9% | -606.3% |
| EPS (diluted) | $-0.76 | $-1.89 |
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.
| Q4 25 | $270.4M | $152.8M | ||
| Q3 25 | $263.6M | $180.2M | ||
| Q2 25 | $266.1M | $153.0M | ||
| Q1 25 | $259.9M | $161.4M | ||
| Q4 24 | $258.2M | $142.6M | ||
| Q3 24 | $253.6M | $84.8M | ||
| Q2 24 | $260.6M | $70.0M | ||
| Q1 24 | $262.4M | $79.3M |
| Q4 25 | $-38.7M | $-690.7M | ||
| Q3 25 | $11.1M | $104.5M | ||
| Q2 25 | $5.2M | $219.5M | ||
| Q1 25 | $17.8M | $-296.4M | ||
| Q4 24 | $-46.0M | $136.4M | ||
| Q3 24 | $-110.2M | $-154.4M | ||
| Q2 24 | $-200.0K | $-84.4M | ||
| Q1 24 | $200.0K | $211.8M |
| Q4 25 | -12.3% | -447.9% | ||
| Q3 25 | 6.4% | 44.4% | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 6.1% | -144.9% | ||
| Q4 24 | -16.0% | — | ||
| Q3 24 | -38.6% | -143.3% | ||
| Q2 24 | 4.3% | -167.2% | ||
| Q1 24 | 4.9% | — |
| Q4 25 | -14.3% | -452.0% | ||
| Q3 25 | 4.2% | 58.0% | ||
| Q2 25 | 2.0% | 143.4% | ||
| Q1 25 | 6.8% | -183.6% | ||
| Q4 24 | -17.8% | 95.7% | ||
| Q3 24 | -43.5% | -182.1% | ||
| Q2 24 | -0.1% | -120.6% | ||
| Q1 24 | 0.1% | 267.1% |
| Q4 25 | $-0.76 | $-1.89 | ||
| Q3 25 | $0.22 | $0.26 | ||
| Q2 25 | $0.10 | $0.58 | ||
| Q1 25 | $0.35 | $-0.90 | ||
| Q4 24 | $-0.92 | $0.39 | ||
| Q3 24 | $-2.20 | $-0.54 | ||
| Q2 24 | $0.00 | $-0.32 | ||
| Q1 24 | $0.01 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $426.0M | $840.8M |
| Stockholders' EquityBook value | $534.0M | $2.9B |
| Total Assets | $1.2B | $3.9B |
| Debt / EquityLower = less leverage | 0.80× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.6M | $233.5M | ||
| Q3 25 | $56.9M | $330.7M | ||
| Q2 25 | $37.1M | $255.4M | ||
| Q1 25 | $39.5M | $163.7M | ||
| Q4 24 | $28.4M | $277.9M | ||
| Q3 24 | $45.7M | $355.7M | ||
| Q2 24 | $28.5M | $481.2M | ||
| Q1 24 | $36.5M | $688.5M |
| Q4 25 | $426.0M | $840.8M | ||
| Q3 25 | $441.5M | $5.3M | ||
| Q2 25 | $456.9M | $5.3M | ||
| Q1 25 | $467.3M | $5.3M | ||
| Q4 24 | $492.6M | $584.6M | ||
| Q3 24 | $502.9M | $5.7M | ||
| Q2 24 | $512.7M | — | ||
| Q1 24 | $526.7M | — |
| Q4 25 | $534.0M | $2.9B | ||
| Q3 25 | $566.8M | $3.5B | ||
| Q2 25 | $552.4M | $3.3B | ||
| Q1 25 | $543.2M | $2.9B | ||
| Q4 24 | $523.5M | $3.1B | ||
| Q3 24 | $566.1M | $2.7B | ||
| Q2 24 | $674.3M | $2.6B | ||
| Q1 24 | $672.3M | $2.5B |
| Q4 25 | $1.2B | $3.9B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.2B | $3.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.4B | $2.6B |
| Q4 25 | 0.80× | 0.29× | ||
| Q3 25 | 0.78× | 0.00× | ||
| Q2 25 | 0.83× | 0.00× | ||
| Q1 25 | 0.86× | 0.00× | ||
| Q4 24 | 0.94× | 0.19× | ||
| Q3 24 | 0.89× | 0.00× | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.78× | — |
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 | $-572.9M |
| Free Cash FlowOCF − Capex | $3.3M | $-774.3M |
| FCF MarginFCF / Revenue | 1.2% | -506.6% |
| Capex IntensityCapex / Revenue | 0.4% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $-572.9M | ||
| Q3 25 | $37.8M | $-114.0M | ||
| Q2 25 | $10.6M | $-231.3M | ||
| Q1 25 | $17.9M | $-122.1M | ||
| Q4 24 | $-4.1M | $-255.1M | ||
| Q3 24 | $28.4M | $-56.3M | ||
| Q2 24 | $9.6M | $-42.5M | ||
| Q1 24 | $17.3M | $-57.9M |
| Q4 25 | $3.3M | $-774.3M | ||
| Q3 25 | $36.2M | $-139.7M | ||
| Q2 25 | $8.7M | $-291.7M | ||
| Q1 25 | $17.6M | $-154.9M | ||
| Q4 24 | $-4.7M | $-495.4M | ||
| Q3 24 | $27.7M | $-127.6M | ||
| Q2 24 | $8.9M | $-96.1M | ||
| Q1 24 | $15.5M | $-115.2M |
| Q4 25 | 1.2% | -506.6% | ||
| Q3 25 | 13.7% | -77.5% | ||
| Q2 25 | 3.3% | -190.7% | ||
| Q1 25 | 6.8% | -96.0% | ||
| Q4 24 | -1.8% | -347.5% | ||
| Q3 24 | 10.9% | -150.5% | ||
| Q2 24 | 3.4% | -137.2% | ||
| Q1 24 | 5.9% | -145.2% |
| Q4 25 | 0.4% | 131.8% | ||
| Q3 25 | 0.6% | 14.3% | ||
| Q2 25 | 0.7% | 39.5% | ||
| Q1 25 | 0.1% | 20.4% | ||
| Q4 24 | 0.2% | 168.6% | ||
| Q3 24 | 0.3% | 84.1% | ||
| Q2 24 | 0.3% | 76.5% | ||
| Q1 24 | 0.7% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | 3.41× | -1.09× | ||
| Q2 25 | 2.04× | -1.05× | ||
| Q1 25 | 1.01× | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 86.50× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
