Aveanna Healthcare Holdings, Inc. key statistics and ratios

In fiscal 2025, Aveanna Healthcare Holdings, Inc. had an operating margin of 10.5%, debt equal to 679.7% of equity and a current ratio of 1.32. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Aveanna Healthcare Holdings, Inc.: financial ratios, annual
Fiscal year	2019Dec 2019	2020Jan 2021	2021Jan 2022	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Jan 2026	LTMJul 2026
Gross margin	30.3%	30.4%	32.3%	30.9%	31.4%	31.4%	33.3%	32.3%
Operating margin	2.8%	−0.2%	−2.2%	−35.9%	0.4%	6.9%	10.5%	10.5%
Net margin	−5.5%	−3.8%	−7.0%	−37.0%	−7.1%	−0.5%	9.2%	10.6%
Free-cash-flow margin	−1.8%	6.8%	−1.6%	−2.7%	1.2%	1.6%	5.2%	6.5%
Return on equity	−28.3%	−21.3%	−26.0%	—	—	—	—	114.1%
Return on assets	—	−3.1%	−5.6%	−32.7%	−8.1%	−0.7%	12.2%	13.3%
Asset turnover	—	0.81	0.80	0.88	1.14	1.24	1.32	1.26
Current ratio	—	1.31	0.81	0.83	0.89	0.98	1.32	1.16
Debt to equity	—	454.6%	200.2%	—	—	—	679.7%	458.9%
Interest cover (operating income ÷ interest)	0.4x	n/m	n/m	n/m	0.1x	0.9x	1.8x	2.2x
SG&A as % of revenue	16.5%	16.1%	17.7%	20.0%	19.0%	17.4%	15.4%	14.8%
Capital spending as % of revenue	1.2%	1.0%	1.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Free cash flow ÷ net income	—	—	—	—	—	—	55.9%	61.2%

US$ thousands unless shown otherwise. Fiscal quarters.

Aveanna Healthcare Holdings, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026
Gross margin	31.4%	33.0%	32.8%	35.8%	32.6%	32.2%	31.7%	32.6%
Operating margin	6.7%	8.8%	9.3%	13.6%	8.6%	10.7%	10.7%	11.9%
Net margin	−8.4%	5.6%	0.9%	4.6%	2.3%	27.0%	6.4%	6.0%
Free-cash-flow margin	5.8%	2.6%	−1.5%	8.7%	5.3%	7.5%	0.7%	12.1%
Current ratio	0.94	0.98	1.05	1.09	1.23	1.32	1.47	1.16
Debt to equity	—	—	—	—	>999%	668.5%	540.4%	451.8%
SG&A as % of revenue	17.3%	17.1%	16.3%	15.3%	15.3%	14.7%	14.8%	14.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 7 checks passed · July 4, 2026

What it owns · $2.1bn

Short-term assets $478mLonger-term assets $1.6bn

What it owes, and who funded it · $2.1bn

Short-term liabilities $411mLonger-term liabilities $1.4bnShareholders' equity $287m

Short-term assets cover short-term liabilities $478m of assets due within a year against $411m of liabilities due within a year.
Short-term assets cover long-term liabilities $478m short-term assets against $1.4bn of longer-dated liabilities.
More cash than debt $97m of cash against $1.3bn of debt.
Debt below 40% of shareholders' equity Debt is 452% of equity.
Debt burden no higher than five years ago Debt to equity moved from 193% to 452% over five years.
A year's operating cash flow covers at least 20% of debt $168m of operating cash flow against $1.3bn of debt.
Operating profit covers interest at least five times over Operating income of $274m against $125m of interest.

From Aveanna Healthcare Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

18 /100

Weak moat

How hard Aveanna Healthcare Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Net income has been a median -4.0% of total assets over 6 years.
Pricing power 12 / 20

Gross margin has been a median 31.9%, moving by 0.9 percentage points (standard deviation) across 6 years.
Durability 0 / 20

Operating margin has been a median 3.0%; its worst year was -31.3%.
Cash conversion 7 / 20

Free cash flow was positive in 4 of 6 years, at a median 0.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (23 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from Aveanna Healthcare Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Aveanna Healthcare Holdings, Inc.