CHEMED CORP
CHE · Services-Home Health Care Services · 13.3M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $27M (gross $68M, SBC $41M)
Reference price $447.33 · est. market cap ~$5.9B — last insider sale, 2026-06-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Chemed — VITAS hospice + Roto-Rooter, highly profitable with strong returns.
Strengths
- ROA 17% (95th pct) and interest coverage 193x (98th)
- Revenue +65% with 13% operating margin
- Strong free cash flow (82nd pct)
Risks
- Hospice reimbursement and regulatory exposure
- Labor availability and cost
- Competition in home services
Notable findings
- Buying back stockNet buyback — share count -2%/yr over 4y
- Insider sellingInsider selling — 6 open-market sale(s) by 4 insider(s) (cluster of 4 insiders, ~$3M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
32.5%
Operating margin
13.4%
Net margin
10.5%
Return on equity
27.1%
Return on assets
17.2%
Revenue growth (QoQ)
2.8%
Net-income growth
-12.2%
Interest coverage
193.3×
Current ratio
1.1×
Free cash flow
$325M
EBITDA
$403M
Tangible book value
$230M
Cash & investments
$75M
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-09 | LINDELL ANDREA R | Sell | 1.3K | $447.33 |
| 2026-05-29 | WALSH GEORGE J III | Sell | 500 | $437.83 |
| 2026-05-18 | WALSH GEORGE J III | Grant | 386 | $440.77 |
| 2026-05-18 | Mount John Meredith Jr. | Grant | 386 | $440.77 |
| 2026-05-18 | McCarthy Eileen P | Grant | 386 | $440.77 |
| 2026-05-18 | LINDELL ANDREA R | Grant | 386 | $440.77 |
| 2026-05-18 | Heaney Christopher J | Grant | 386 | $440.77 |
| 2026-05-18 | GRACE PATRICK P | Grant | 386 | $440.77 |
| 2026-05-18 | DeLyons Ron | Grant | 386 | $440.77 |
| 2026-05-08 | GRACE PATRICK P | Sell | 60 | $425.78 |
| 2026-05-01 | MCNAMARA KEVIN J | Sell | 2.0K | $421.13 |
| 2026-03-27 | MCNAMARA KEVIN J | Sell | 1.5K | $369.37 |
| 2026-03-12 | MCNAMARA KEVIN J | Sell | 2.0K | $403.18 |
| 2026-02-13 | LEE SPENCER S | Option exercise | 499 | $469.56 |
| 2026-02-13 | LEE SPENCER S | Option exercise | 0 | $469.56 |
| 2026-02-13 | LEE SPENCER S | Tax withheld | 154 | $469.56 |
| 2026-02-13 | HUTTON THOMAS C | Option exercise | 199 | $469.56 |
| 2026-02-13 | HUTTON THOMAS C | Option exercise | 0 | $469.56 |
| 2026-02-13 | HUTTON THOMAS C | Tax withheld | 72 | $469.56 |
| 2026-02-13 | Wherley Joel L | Option exercise | 273 | $469.56 |
| 2026-02-13 | Wherley Joel L | Option exercise | 0 | $469.56 |
| 2026-02-13 | Wherley Joel L | Tax withheld | 80 | $469.56 |
| 2026-02-13 | Witzeman Michael D | Option exercise | 413 | $469.56 |
| 2026-02-13 | Witzeman Michael D | Option exercise | 0 | $469.56 |
| 2026-02-13 | Witzeman Michael D | Tax withheld | 120 | $469.56 |
| 2026-02-13 | MCNAMARA KEVIN J | Option exercise | 2.7K | $469.56 |
| 2026-02-13 | MCNAMARA KEVIN J | Option exercise | 0 | $469.56 |
| 2026-02-13 | MCNAMARA KEVIN J | Tax withheld | 1.2K | $469.56 |
| 2026-02-13 | Judkins Brian C | Option exercise | 351 | $469.56 |
| 2026-02-13 | Judkins Brian C | Option exercise | 0 | $469.56 |
| 2026-02-13 | Judkins Brian C | Tax withheld | 102 | $469.56 |
| 2025-12-26 | LINDELL ANDREA R | Gift | 463 | — |
| 2025-11-24 | MCNAMARA KEVIN J | Sell | 2.0K | $437.55 |
| 2025-11-19 | LEE SPENCER S | Gift | 60 | — |
| 2025-09-26 | MCNAMARA KEVIN J | Sell | 3.0K | $461.28 |
| 2025-09-09 | GRACE PATRICK P | Sell | 150 | $463.39 |
| 2025-08-05 | MCNAMARA KEVIN J | Sell | 2.0K | $428.55 |
| 2025-08-04 | WALSH GEORGE J III | Buy | 200 | $417.10 |
| 2025-08-04 | Westfall Nicholas Michael | Sell | 10K | $421.91 |
| 2025-05-19 | WALSH GEORGE J III | Grant | 277 | $579.04 |
| 2025-05-19 | Mount John Meredith Jr. | Grant | 277 | $579.04 |
| 2025-05-19 | McCarthy Eileen P | Grant | 277 | $579.04 |
| 2025-05-19 | LINDELL ANDREA R | Grant | 277 | $579.04 |
| 2025-05-19 | Heaney Christopher J | Grant | 277 | $579.04 |
| 2025-05-19 | GRACE PATRICK P | Grant | 277 | $579.04 |
| 2025-05-19 | DeLyons Ron | Grant | 277 | $579.04 |
| 2025-05-16 | LEE SPENCER S | Sell | 1.5K | $577.99 |
| 2025-05-09 | Westfall Nicholas Michael | Option exercise | 16K | $445.35 |
| 2025-05-09 | Westfall Nicholas Michael | Option exercise | 10.0K | $462.04 |
| 2025-05-09 | Westfall Nicholas Michael | Tax withheld | 23K | $569.70 |
| 2025-05-07 | LEE SPENCER S | Sell | 1.5K | $577.86 |
| 2025-05-05 | MCNAMARA KEVIN J | Option exercise | 10K | $471.74 |
| 2025-05-05 | MCNAMARA KEVIN J | Tax withheld | 9.0K | $574.02 |
| 2025-05-05 | MCNAMARA KEVIN J | Sell | 1.5K | $576.45 |
| 2025-03-31 | MCNAMARA KEVIN J | Sell | 1.0K | $615.33 |
| 2025-03-10 | Witzeman Michael D | Option exercise | 8.8K | $445.35 |
| 2025-03-10 | Witzeman Michael D | Tax withheld | 7.5K | $600.92 |
| 2025-03-06 | MCNAMARA KEVIN J | Sell | 2.0K | $593.67 |
| 2025-03-03 | LEE SPENCER S | Sell | 1.3K | $592.25 |
| 2025-02-14 | LEE SPENCER S | Option exercise | 824 | $553.39 |
| 2025-02-14 | LEE SPENCER S | Option exercise | 249 | $553.39 |
| 2025-02-14 | LEE SPENCER S | Tax withheld | 342 | $553.39 |
| 2025-02-14 | Westfall Nicholas Michael | Option exercise | 1.1K | $553.39 |
| 2025-02-14 | Westfall Nicholas Michael | Option exercise | 342 | $553.39 |
| 2025-02-14 | Westfall Nicholas Michael | Tax withheld | 658 | $553.39 |
| 2025-02-14 | Witzeman Michael D | Option exercise | 652 | $553.39 |
| 2025-02-14 | Witzeman Michael D | Option exercise | 198 | $553.39 |
| 2025-02-14 | Witzeman Michael D | Tax withheld | 276 | $553.39 |
| 2025-02-14 | HUTTON THOMAS C | Option exercise | 315 | $553.39 |
| 2025-02-14 | HUTTON THOMAS C | Option exercise | 96 | $553.39 |
| 2025-02-14 | HUTTON THOMAS C | Tax withheld | 149 | $553.39 |
| 2025-02-14 | MCNAMARA KEVIN J | Option exercise | 4.1K | $553.39 |
| 2025-02-14 | MCNAMARA KEVIN J | Option exercise | 1.2K | $553.39 |
| 2025-02-14 | MCNAMARA KEVIN J | Tax withheld | 2.4K | $553.39 |
| 2025-02-14 | Judkins Brian C | Option exercise | 556 | $553.39 |
| 2025-02-14 | Judkins Brian C | Option exercise | 168 | $553.39 |
| 2025-02-14 | Judkins Brian C | Tax withheld | 215 | $553.39 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
- Medicare (U.S. government)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-19 | Shareholder vote | filing ↗ |
| 2026-04-23 | ResultsExhibits | filing ↗ |
| 2026-04-13 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-10-28 | ResultsExhibits | filing ↗ |
| 2025-07-29 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-06-27 | Reg FDExhibits | filing ↗ |
| 2025-05-20 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-19 | 2026-05-18 | 0000019584-26-000014 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0000019584-26-000012 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000019584-26-000010 ↗ |
| 8-K | 2026-04-13 | 2026-04-10 | 0000019584-26-000008 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001562762-26-000020 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0000019584-26-000002 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0000019584-25-000006 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0000019584-25-000004 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001562762-25-000186 ↗ |
| 8-K | 2025-07-29 | 2025-07-29 | 0001562762-25-000181 ↗ |
| 8-K | 2025-06-27 | 2025-06-27 | 0001562762-25-000164 ↗ |
| 8-K | 2025-05-20 | 2025-05-19 | 0001562762-25-000136 ↗ |