Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Aveanna Healthcare Holdings, Inc.AVAH · healthcare | |
|---|---|
| Grade |  Cmiddle fifth of 371 graded peers; percentile 52.4, sampling error 2.5 points; lower is stronger |
| Rank | 195 of 371 |
| Profitability | Cpercentile 44.1 |
| Solvency | Cpercentile 55.8 |
| Growth and financing | Cpercentile 46.8 |
| Reliability | 0.91 AUCfailure model, filers with $591M to $2.67B assets; 95% interval 0.88 to 0.94; 160 events, 2020 to 2025 |
| Peer failure rate | 1.01% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $591M to $2.67B assetstotal assets $2.0B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: distress |
| Inputs computable | 10 of 14 |
| Graded from | filings received through Mar 19, 2026204 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $12.242026-10-08; market equity $2.7B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 19, 2026; the document on sec.gov.
Aveanna is a Delaware corporation and was incorporated on November 30, 2016, originally under the name BCPE Oasis Holdings Inc. Aveanna commenced operations in March 2017 in connection with the transformative merger of Epic Health Services Inc. and Pediatric Services of America, Inc. in March 2017 under the name BCPE Eagle Holdings Inc. On May 26, 2017, we changed our name to Aveanna Healthcare Holdings Inc. and commenced trading on the Nasdaq Stock Market on April 29, 2021. Our principal executive offices are located at 400 Interstate North Parkway SE, Suite 1600, Atlanta, Georgia and our phone number is (770) 441-1580. We maintain a website at www.aveanna.com.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 44.1 | |||||||
| Gross profitability | 40.3% | [1,3] | 32.2% | 32.6 | 372 | 2026-01-03 | |
| Return on invested capital | not computable | 9.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | 5.4% | [1,4-6] | (6.6%) | 88.5 | 811 | 2026-01-03 | |
| Gross margin stability, five years | 0.8 pts | [2-3,7-14] | 2.8 pts | 11.2 | 243 | 2026-01-03 | |
| Solvency, sleeve percentile 55.8 | |||||||
| Twelve-month failure probability | not computable | 0.07% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (0.46) | [1,15-20] | (0.31) | 38.9 | 756 | 2026-01-03 | |
| Net debt to EBITDA | 4.16x | [18,21-23] | 1.82x | 77.0 | 75 | 2026-01-03 | |
| Interest coverage | 1.83x | [18,24] | (4.51x) | 23.8 | 81 | 2026-01-03 | |
| Current ratio | 1.32x | [15-16] | 2.96x | 83.7 | 839 | 2026-01-03 | |
| Growth and financing, sleeve percentile 46.8 | |||||||
| Revenue growth, three-year compound | 10.8% | [2,8,10,12] | 10.0% | 48.3 | 415 | 2026-01-03 | |
| Free cash flow growth, three-year compound | not computable | 10.9% | |||||
| four consecutive annual FCF observations are required; found 1 | |||||||
| Reinvestment rate | not computable | 37.1% | |||||
| a prior annual working-capital observation is required | |||||||
| Asset growth, three years | 5.5% | [1,6,25-26] | 2.1% | 39.4 | 704 | 2026-01-03 | |
| Net share issuance, one year | 11.5% | [27-28] | 2.5% | 52.8 | 634 | 2026-03-13 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite -0.023; sampling error 2.5 percentile points on 371 peers.
Among 371 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 190 | Schrodinger, Inc. (SDGR) Schrodinger, Inc. (SDGR) Cmiddle fifth; percentile 51.1 Nasdaq · Pharmaceutical Preparations market equity $1.7B; last close $26.40 No active warnings; 8 of 14 inputs | 51.1 | C | |
| 191 | Zai Lab Ltd. (ZLAB) Zai Lab Ltd. (ZLAB) Cmiddle fifth; percentile 51.4 Nasdaq · Pharmaceutical Preparations market equity $27.8B; last close $24.84 No active warnings; 8 of 14 inputs | 51.4 | C | |
| 192 | Recursion Pharmaceuticals, Inc. (RXRX) Recursion Pharmaceuticals, Inc. (RXRX) Cmiddle fifth; percentile 51.6 Nasdaq · Biological Products, (No Diagnostic Substances) market equity $2.1B; last close $3.94 Warnings: dilution, fortress balance sheet; 8 of 14 inputs | 51.6 | C | dilution, fortress balance sheet |
| 193 | Haemonetics Corp. (HAE) Haemonetics Corp. (HAE) Cmiddle fifth; percentile 51.9 NYSE · Surgical & Medical Instruments & Apparatus market equity $5.4B; last close $119.53 No active warnings; 11 of 14 inputs | 51.9 | C | |
| 194 | Solventum Corp. (SOLV) Solventum Corp. (SOLV) Cmiddle fifth; percentile 52.2 NYSE · Surgical & Medical Instruments & Apparatus market equity $14.7B; last close $86.37 No active warnings; 8 of 14 inputs | 52.2 | C | |
| 195 | Aveanna Healthcare Holdings, Inc. (AVAH) Aveanna Healthcare Holdings, Inc. (AVAH) Cmiddle fifth; percentile 52.4 Nasdaq · Services-Home Health Care Services market equity $2.7B; last close $12.24 No active warnings; 10 of 14 inputs | 52.4 | C | |
| 196 | Nexgel, Inc. (NXGL) Nexgel, Inc. (NXGL) Cmiddle fifth; percentile 52.8 Nasdaq · Surgical & Medical Instruments & Apparatus last close $0.15 Warnings: late filer; 7 of 14 inputs | 52.8 | C | late filer |
| 197 | Nexgel, Inc. (NXGLW) Nexgel, Inc. (NXGLW) Cmiddle fifth; percentile 52.8 Nasdaq · Surgical & Medical Instruments & Apparatus last close $0.01 Warnings: late filer; 7 of 14 inputs | 52.8 | C | late filer |
| 198 | Perrigo Co. plc (PRGO) Perrigo Co. plc (PRGO) Cmiddle fifth; percentile 53.2 NYSE · Pharmaceutical Preparations market equity $2.0B; last close $14.50 No active warnings; 9 of 14 inputs | 53.2 | C | |
| 199 | Sotera Health Co. (SHC) Sotera Health Co. (SHC) Cmiddle fifth; percentile 53.5 Nasdaq · Services-Misc Health & Allied Services, NEC market equity $5.1B; last close $17.84 No active warnings; 8 of 14 inputs | 53.5 | C | |
| 200 | Universal Health Services Inc. (UHS) Universal Health Services Inc. (UHS) Cmiddle fifth; percentile 53.8 NYSE · Services-General Medical & Surgical Hospitals, NEC last close $175.66 No active warnings; 9 of 14 inputs | 53.8 | C |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 58.8 | 2204 |
| sector peers, equal sleeves (the grade) | C | 52.4 | 371 |
| same exchange, equal sleeves | C | 55.7 | 1219 |
| sector peers, equal inputs | C | 56.2 | 371 |
Each letter is one fifth of the 371 graded peers, about 74 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 51.3% | 8.0% | 77 | hotter than 77 of 100 peers |
| Distance from 52-week high | (14.9%) | (31.4%) | 74 | closer to its high than 74 of 100 peers |
| EBIT to enterprise value | 6.6% | (1.5%) | 85 | pricier than 15 of 100 peers |
| Free cash flow yield | (1.0%) | (1.0%) | 50 | pricier than 50 of 100 peers |
| Book value to price | 0.11 | 0.28 | 27 | pricier than 73 of 100 peers |
| Sales to price | 0.91 | 0.31 | 81 | pricier than 19 of 100 peers |
| Composite equity issuance, five years | not computable | 20.3% | a share count from five years earlier is required | |
| Relative strength against the sector, log excess return | 0.20 | (0.14) | 77 | ahead of 77 of 100 peers |
Inputs: market equity $2.7B; EBIT $256.5M; free cash flow -$27.3M; book equity $287.3M; sales $2.4B; debt $1.3B; cash $97.2M[29].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: 7 of 9, period end 2026-01-03 | ||
|---|---|---|
| Return on assets above zero | 13.5% | ✓ pass[4,6] |
| Operating cash flow above zero | $125.9M | ✓ pass[5] |
| Return on assets improved | 14.2 pts | ✓ pass[4,6,25,30] |
| Operating cash flow exceeds net income | -$99.2M | ✗ fail[4-5] |
| Long-term leverage fell | (7.6 pts) | ✓ pass[1,6,25,31-32] |
| Current ratio improved | 34.3 pts | ✓ pass[15-16,33-34] |
| No new shares issued | 11.5% | ✗ fail[27-28] |
| Gross margin improved | 1.9 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 20.8 pts | ✓ pass[2,6,8,25] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $97.2M[35] |
| Operating cash flow, four quarters | $168.2M[5,35-39] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 57 |
| 10-Q received Aug 13, 2026 | |
| Median daily dollar volume | $30.5M |
| 63 sessions | |
| Days since newest grade input | 204 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $2.0B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.4B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $810.5M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | $225.0M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $125.9M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $1.7B | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $635.5M | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.0B | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $595.4M | 2023-12-30 | 2025-03-13 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.9B | 2023-12-30 | 2025-03-13 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $553.2M | 2022-12-31 | 2024-03-14 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.8B | 2022-12-31 | 2024-03-14 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $542.4M | 2022-01-01 | 2023-03-16 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $1.7B | 2022-01-01 | 2023-03-16 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $560.2M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $424.5M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$1.2B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $256.5M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | $194.5M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $1.8B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 21 | total debt | us-gaap:LongTermDebt | $1.3B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 22 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $193.3M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 23 | depreciation amortization | us-gaap:Depreciation | $9.8M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 24 | interest expense | us-gaap:InterestExpense | $140.1M | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $1.6B | 2023-12-30 | 2025-03-13 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $1.7B | 2022-12-31 | 2024-03-14 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 217,510,046 | 2026-03-13 | 2026-03-19 | 10-K | filing · viewer · series |
| 28 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 195,093,866 | 2025-03-07 | 2025-03-13 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 218,219,696 | 2026-08-07 | 2026-08-13 | 10-Q | filing · viewer · series |
| 30 | net income | us-gaap:NetIncomeLoss | -$10.9M | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 31 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.3B | 2026-01-03 | 2026-03-19 | 10-K | filing · viewer · series |
| 32 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.3B | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 33 | current assets | us-gaap:AssetsCurrent | $392.7M | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 34 | current liabilities | us-gaap:LiabilitiesCurrent | $402.2M | 2024-12-28 | 2026-03-19 | 10-K | filing · viewer · series |
| 35 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $97.2M | 2026-07-04 | 2026-08-13 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $85.3M | 2026-07-04 | 2026-08-13 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $4.3M | 2026-04-04 | 2026-05-14 | 10-Q | filing · viewer · series |
| 38 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $76.1M | 2025-09-27 | 2025-11-06 | 10-Q | filing · viewer · series |
| 39 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $42.9M | 2025-06-28 | 2026-08-13 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 52.4 is 7.6 points from the nearest band edge; sampling error is 2.5 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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