AVAHAveanna Healthcare Holdings Inc.
Is the business good?
The checks split: margins widening, but returns that lean on debt.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is mostly backed by cash. Conversion is improving vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 285% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is AVAH?
Aveanna Healthcare Holdings Inc. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 5.5 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Medical Care Facilities median 9.3% · 12 months to Q2 2026
- Cash conversion
- 0.78×
Cash conversion · 0.51× a year ago · most of the operating profit arrived as cash, working capital took the rest
- Share count, year on year
- +6.9%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −0.23% |
| FY2021 | −2.1% |
| FY2022 | −36% |
| FY2023 | 0.43% |
| FY2024 | 6.9% |
| FY2025 | 11% |
Details›
- Gross margin12 months to Q2 2026
- 32%
- Operating margin12 months to Q2 2026
- 11%
- Net margin12 months to Q2 2026
- 11%
- Revenue, trailing twelve months
- $2.60B
- Net income, trailing twelve months
- $275M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.