VIEMED HEALTHCARE, INC.
VMD· Nasdaq· Services-Misc Health & Allied Services, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 4.4%
- ROIC, 5 yr avg
- 10.1%
- Revenue, 5 yr CAGR
- +15.5%
We record prices for the companies we cover; VMD is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 40.8M
- Revenue
- $270.3M
- Free cash flow
- $11.9M
- Owner earnings
- $2.8M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 57.5%
- Operating
- 8.5%
- Net
- 5.5%
- Free cash flow
- 4.4%
- Owner earnings
- 1.0%
- Stock pay
- 3.4%
Returns
- ROIC, FY2025
- 11.5%
- ROIC, 5 yr avg
- 10.1%
- ROE, FY2025
- 10.6%
- ROE, 5 yr avg
- 8.8%
Growth (CAGR)
- Revenue, 3 yr
- 24.9%
- Revenue, 5 yr
- 15.5%
- Revenue, 7 yr
- 22.7%
- Diluted EPS, 3 yr
- 32.2%
- Diluted EPS, 5 yr
- -13.9%
- Diluted EPS, 7 yr
- 6.4%
- Free cash flow, 3 yr
- 35.0%
- Free cash flow, 5 yr
- -11.6%
- Free cash flow, 7 yr
- -4.3%
Financial health · FY2025
- Cash and investments
- $13.5M
- Total debt
- $12.4M
- Net cash
- $1.1M
- Debt/Equity
- 0.1x
- Debt/FCF
- 1.0x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.1%
Financials: ten years from the 10-Ks
Revenue
$270.3M
+22.7% a year over 7 years
FY2018FY2025
Margins
Gross57.5%Operating8.5%Net5.5%
FY2025
FY2018FY2025
Free cash flow and owner earnings
Free cash flow$11.9MOwner earnings$2.8M
Free cash flow -4.3% a year
FY2018FY2025
Diluted shares
40.8M
+2.9% over 7 years, net dilution
FY2018FY2025
Return on invested capital
11.5%
FY2025
FY2018FY2025
Net cash
$1.1M
$1.1M more cash than debt
FY2018FY2025
Every figure, year by year
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| The business | ||||||||
| Revenue | $64.5M | $80.3M | $131.3M | $117.1M | $138.8M | $183.0M | $224.3M | $270.3M |
| Revenue growth | – | 24.5% | 63.6% | -10.8% | 18.6% | 31.8% | 22.5% | 20.5% |
| Gross margin | 74.1% | 69.8% | 61.0% | 62.7% | 61.0% | 61.6% | 59.4% | 57.5% |
| Operating margin | 15.6% | 11.0% | 20.4% | 9.9% | 5.9% | 7.8% | 8.0% | 8.5% |
| Net income | $9.5M | $8.5M | $31.5M | $9.1M | $6.2M | $10.2M | $11.3M | $14.9M |
| Net margin | 14.7% | 10.6% | 24.0% | 7.8% | 4.5% | 5.6% | 5.0% | 5.5% |
| Diluted EPS | $0.24 | $0.21 | $0.78 | $0.22 | $0.16 | $0.25 | $0.28 | $0.37 |
| Return on invested capital? | 44.6% | 21.6% | – | 11.7% | 7.1% | 9.4% | 10.7% | 11.5% |
| Cash | ||||||||
| Operating cash flow | $22.4M | $19.1M | $35.1M | $22.5M | $27.7M | $45.2M | $39.1M | $51.9M |
| Capital expenditure | $6.1M | $13.4M | $13.0M | $19.7M | $22.9M | $26.1M | $37.8M | $40.0M |
| Free cash flow | $16.3M | $5.7M | $22.1M | $2.8M | $4.8M | $19.1M | $1.3M | $11.9M |
| Stock-based compensation | $2.7M | $3.9M | $4.9M | $5.2M | $5.2M | $5.8M | $6.3M | $9.1M |
| Owner earnings? | $13.6M | $1.8M | $17.2M | -$2.4M | -$352.0K | $13.3M | -$5.0M | $2.8M |
| Free cash flow per share | $0.41 | $0.14 | $0.54 | $0.07 | $0.12 | $0.47 | $0.03 | $0.29 |
| Capital allocation | ||||||||
| Dividends paid | – | – | – | – | – | – | – | – |
| Share repurchases | $1.6M | $1.5M | $0 | $0 | $9.6M | $0 | $0 | $13.2M |
| Diluted shares | 39.7M | 39.7M | 40.5M | 40.7M | 39.8M | 40.4M | 40.8M | 40.8M |
| Share count change? | – | 0.2% | 2.0% | 0.4% | -2.1% | 1.4% | 1.1% | 0.0% |
| Balance sheet | ||||||||
| Cash and equivalents | $10.4M | $13.4M | $31.0M | $28.4M | $16.9M | $12.8M | $17.5M | $13.5M |
| Short-term investments | – | – | – | – | – | – | – | – |
| Total debt | $0 | $9.4M | $7.6M | $5.8M | $0 | $7.1M | $4.0M | $12.4M |
| Net debt | -$10.4M | -$4.0M | -$23.3M | -$22.6M | -$16.9M | -$5.8M | -$13.5M | -$1.1M |
| Shareholders' equity | $32.6M | $43.7M | $81.7M | $94.8M | $97.1M | $113.9M | $131.4M | $141.5M |
Latest filings
| 2026-08-03 | 10-Q | Quarterly report |
| 2026-08-03 | 8-K | Earnings release |
| 2026-05-05 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-04-22 | DEF 14A | Proxy statement |
| 2026-03-04 | 8-K | Earnings release |
| 2026-03-04 | 10-K | Annual report |
| 2025-11-05 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-08-06 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
