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Quipt Home Medical Corp. (QIPT) 10-Year Financial Performance & Capital Metrics

QIPT • • Industrial / General
HealthcareMedical DevicesRespiratory & Pulmonary DevicesAirway & Pulmonary Therapy
AboutQuipt Home Medical Corp. provides in-home medical equipment and supplies, and respiratory and durable medical equipment in the United States. The company also offers management of various chronic disease states focusing on patients with heart and pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. In addition, it provides nebulizers, oxygen concentrators, CPAP and BiPAP units, ventilator equipment and aids, daily and ambulatory aides, equipment solutions, power wheelchairs, oxygen therapy, bariatric equipment, bathroom safety products, bilevel positive airway pressure, canes/crutches, continuous positive airway pressure, CPAP masks and accessories, hospital beds, humidifiers, compressors, patient lifts, walkers, products for wound care, and medical equipment for home-based sleep apnea and chronic obstructive pulmonary disease treatments, as well as rents respiratory equipment. The company was formerly known as Protech Home Medical Corp. and changed its name to Quipt Home Medical Corp. in May 2021. Quipt Home Medical Corp. was incorporated in 1993 and is headquartered in Wilder, Kentucky.Show more
  • Revenue $245M -0.2%
  • EBITDA -$4M -107.4%
  • Net Income -$11M -56.4%
  • EPS (Diluted) -0.24 -50.0%
  • Gross Margin 97.53% +35.5%
  • EBITDA Margin -1.56% -107.4%
  • Operating Margin -1.56% -443.6%
  • Net Margin -4.31% -56.8%
  • ROE -9.16% -47.8%
  • ROIC -1.78% -508.0%
  • Debt/Equity 0.16 -82.7%
  • Interest Coverage -0.57 -575.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 90 (top 10%)
  • ✓Strong 5Y sales CAGR of 27.4%
  • ✓Trading near 52-week high
  • ✓Trading at only 1.2x book value
  • ✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.47%
5Y27.38%
3Y20.61%
TTM0.19%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-107.17%

EPS CAGR

10Y-
5Y-
3Y-
TTM-94.99%

ROCE

10Y Avg-7.45%
5Y Avg1.13%
3Y Avg0.78%
Latest-2.42%

Peer Comparison

Airway & Pulmonary Therapy
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ELMDElectromed, Inc.239.29M28.6933.3616.97%12.38%18.32%4.63%0.00
XAIRBeyond Air, Inc.7.02M0.88-0.06219.67%-6.32%-280.24%0.82
LUNGPulmonx Corporation82.08M1.99-1.3822.01%-61.91%-94.54%0.66
AVNSAvanos Medical, Inc.555.63M11.97-1.402.15%-67%-60.27%14.92%0.21
INGNInogen, Inc.168.59M6.21-4.096.35%-7.31%-12.87%0.11
QIPTQuipt Home Medical Corp.156.3M3.55-14.79-0.23%-4.11%-10.06%16.21%0.16
IINNInspira Technologies Oxy B.H.N. Ltd.34.51M0.96-1600-190.28%0.58

Profit & Loss

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales/Revenue+96.33M61.56M54.58M61.16M73.17M102.35M139.86M211.68M245.91M245.36M
Revenue Growth %0.8%-0.36%-0.11%0.12%0.2%0.4%0.37%0.51%0.16%-0%
Cost of Goods Sold+24.2M17.94M21.74M17.06M34.73M28.17M33.21M57.9M68.92M6.05M
COGS % of Revenue0.25%0.29%0.4%0.28%0.47%0.28%0.24%0.27%0.28%0.02%
Gross Profit+49.07M43.62M37.75M44.1M38.45M74.18M106.65M153.78M176.99M239.31M
Gross Margin %0.51%0.71%0.69%0.72%0.53%0.72%0.76%0.73%0.72%0.98%
Gross Profit Growth %0.38%-0.11%-0.13%0.17%-0.13%0.93%0.44%0.44%0.15%0.35%
Operating Expenses+83.19M56.51M40.53M44.1M39.08M75.64M101.92M150.93M175.88M125.46M
OpEx % of Revenue0.86%0.92%0.74%0.72%0.53%0.74%0.73%0.71%0.72%0.51%
Selling, General & Admin61.02M28.77M29.5M22.46M25.04M49.76M53.82M82.37M94.69M0
SG&A % of Revenue0.63%0.47%0.54%0.37%0.34%0.49%0.38%0.39%0.39%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses22.18M27.74M11.03M21.64M14.04M25.88M48.09M68.56M81.18M125.46M
Operating Income+-40.61M-12.89M-5.31M-4.63M-634.63K-1.46M4.73M5.76M1.11M-3.82M
Operating Margin %-0.42%-0.21%-0.1%-0.08%-0.01%-0.01%0.03%0.03%0%-0.02%
Operating Income Growth %-6.63%0.68%0.59%0.13%0.86%-1.3%4.24%0.22%-0.81%-4.43%
EBITDA+-30.02M-438K6.37M5.92M13.9M16.33M27.77M45.92M51.67M-3.82M
EBITDA Margin %-0.31%-0.01%0.12%0.1%0.19%0.16%0.2%0.22%0.21%-0.02%
EBITDA Growth %-2.89%0.99%15.55%-0.07%1.35%0.17%0.7%0.65%0.13%-1.07%
D&A (Non-Cash Add-back)10.59M12.45M11.68M10.55M14.54M17.79M23.04M40.16M50.55M0
EBIT-34.96M-20.36M-4.97M-4.78M-1.74M-7.34M5.01M4.93M514K0
Net Interest Income+-847K-1.13M-1.48M-3.22M-1.86M-1.99M-1.92M-7.24M-8.55M0
Interest Income281.42K01.55K25.68K000366.31K791.49K-467K
Interest Expense1.13M1.13M1.48M3.25M1.86M1.99M1.92M7.61M9.34M6.74M
Other Income/Expense4.8M-8.59M-1.13M-4.25M-2.94M-7.87M-1.8M0-7.77M-6.52M
Pretax Income+-35.81M-21.49M-6.45M-8.87M-3.58M-9.33M2.94M-2.7M-6.65M-10.34M
Pretax Margin %-0.37%-0.35%-0.12%-0.15%-0.05%-0.09%0.02%-0.01%-0.03%-0.04%
Income Tax+-8.33M354.69K100.62K203.2K128K-3.15M-1.9M85K109K241K
Effective Tax Rate %1.6%0.89%-2.25%0.63%1.28%0.66%1.65%1.03%1.02%1.02%
Net Income+-57.37M-19.15M14.51M-5.58M-4.57M-6.17M4.84M-2.78M-6.76M-10.58M
Net Margin %-0.6%-0.31%0.27%-0.09%-0.06%-0.06%0.03%-0.01%-0.03%-0.04%
Net Income Growth %-2.13%0.67%1.76%-1.38%0.18%-0.35%1.78%-1.58%-1.43%-0.56%
Net Income (Continuing)-27.48M-21.84M-6.55M-6.91M-3.7M-6.17M4.84M-2.78M-6.76M0
Discontinued Operations0001.33M-869K00000
Minority Interest00000000011.7M
EPS (Diluted)+-3.23-1.020.72-0.27-0.20-0.200.13-0.07-0.16-0.24
EPS Growth %-1.02%0.68%1.71%-1.38%0.26%0%1.65%-1.54%-1.29%-0.5%
EPS (Basic)-3.23-1.020.72-0.27-0.17-0.200.14-0.07-0.16-0.24
Diluted Shares Outstanding17.76M18.85M20.19M20.71M22.72M30.44M37.22M39.77M42.5M43.29M
Basic Shares Outstanding17.76M18.85M20.19M20.71M28.05M30.44M34.56M39.77M42.5M43.29M
Dividend Payout Ratio----------

Balance Sheet

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Total Current Assets+30.83M18.36M17.79M23.25M45.28M57.23M41.54M65.43M73.05M78.35M
Cash & Short-Term Investments5.17M2.73M3.35M9.71M29.23M34.61M8.52M17.21M16.17M12.92M
Cash Only5.17M2.73M3.35M9.71M29.23M34.61M8.52M17.21M16.17M12.92M
Short-Term Investments0000000000
Accounts Receivable18.32M7.67M9.69M9.36M9.09M11.94M16.38M25.98M29.12M34.7M
Days Sales Outstanding69.4245.564.8255.8445.3442.5742.7644.7943.2251.62
Inventory6.19M7.89M4.37M3.58M6.42M9.25M15.59M18.41M20.85M25.64M
Days Inventory Outstanding93.4160.573.376.5867.43119.88171.27116.09110.431.55K
Other Current Assets0-601.77K02.74K-183.08K003.83M926K5.1M
Total Non-Current Assets+80.71M21.18M20.22M18.42M26.78M51.34M90.68M181.97M173.92M126.59M
Property, Plant & Equipment26.2M16.63M16.17M14.73M12.48M23.51M33.5M53.41M53.86M64.45M
Fixed Asset Turnover3.68x3.70x3.38x4.15x5.86x4.35x4.18x3.96x4.57x3.81x
Goodwill18.55M1.43M1.42M1.42M2.92M12.46M28.21M52.83M50.73M61.56M
Intangible Assets35.87M3.03M2.53M2.2M4.18M14.87M28.89M74.04M67.95M77.56M
Long-Term Investments000000118.17K1.4M1.31M0
Other Non-Current Assets96.6K84.64K89.78K71.01K7.21M504K86K300.76K337K-76.98M
Total Assets+111.54M102.55M38.01M41.67M72.06M108.57M132.21M247.41M246.86M204.94M
Asset Turnover0.86x0.60x1.44x1.47x1.02x0.94x1.06x0.86x1.00x1.20x
Asset Growth %-0.3%-0.08%-0.63%0.1%0.73%0.51%0.22%0.87%-0%-0.17%
Total Current Liabilities+14.68M14.16M14.24M18.02M24.39M32.74M41.74M60.57M60.85M74.71M
Accounts Payable6.92M6.65M4.87M6.13M7.43M9.84M13.84M24.74M29.31M0
Days Payables Outstanding104.44135.3681.77131.2578.14127.51152.11155.94155.21-
Short-Term Debt973.57K008.18M4.31M6.99M12.33M17.47M16.05M6.9M
Deferred Revenue (Current)00001000K1000K1000K1000K1000K1000K
Other Current Liabilities502K443.94K73.53K1.54M1.81M004.93M4.58M63.22M
Current Ratio2.10x1.30x1.25x1.29x1.86x1.75x1.00x1.08x1.20x1.05x
Quick Ratio1.68x0.74x0.94x1.09x1.59x1.47x0.62x0.78x0.86x0.71x
Cash Conversion Cycle58.3770.6456.341.1734.6334.9461.924.94-1.57-
Total Non-Current Liabilities+5.64M9.26M8.85M15.42M20.06M17.21M10.93M75.72M79.21M96.48M
Long-Term Debt5.64M5.08M5.57M11.68M18.16M12.3M3.73M61.35M64.6M13.04M
Capital Lease Obligations02.95M3.29M1.04M3.23M4.78M7.2M14.03M13.32M0
Deferred Tax Liabilities0000000344K202K287K
Other Non-Current Liabilities0002.71M-1.33M133K3.25M01.12M83.15M
Total Liabilities20.32M30.79M23.09M33.44M41.54M49.95M52.67M136.29M140.06M171.19M
Total Debt+11.01M13.24M16.33M21.32M27.74M27.05M26.56M97.96M99.8M19.94M
Net Debt5.84M10.17M12.98M11.61M-1.49M-7.56M23.01M80.75M83.63M7.03M
Debt / Equity0.12x0.18x1.09x1.47x0.98x0.46x0.33x0.88x0.93x0.16x
Debt / EBITDA--2.56x3.60x2.00x1.66x0.96x2.13x1.93x-
Net Debt / EBITDA--2.04x1.96x-0.11x-0.46x0.83x1.76x1.62x-
Interest Coverage-36.00x-11.42x-3.60x-1.42x-0.34x-0.73x2.46x0.76x0.12x-0.57x
Total Equity+91.21M71.76M14.91M14.47M28.23M58.62M79.55M111.11M107.19M123.8M
Equity Growth %-0.3%-0.21%-0.79%-0.03%0.95%1.08%0.36%0.4%-0.04%0.15%
Book Value per Share5.143.810.740.701.241.932.142.792.522.86
Total Shareholders' Equity91.21M71.76M14.91M17.25M28.23M58.62M79.55M111.11M107.19M112.1M
Common Stock146.84M155.95M150.12M151.96M171.41M202.83M214.25M247.53M00
Retained Earnings-81.96M-106.01M-159.48M-215.34M-159.69M-165.86M-161.02M-163.81M-170.57M-181.27M
Treasury Stock0000000000
Accumulated OCI12.14M8M9.54M9.82M9.91M656.03K0000
Minority Interest00000000011.7M

Cash Flow

Sep 2016Sep 2017Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Cash from Operations+-4.46M-6.07M10.64M8.39M9.89M17.76M26.34M36.98M35.38M37.69M
Operating CF Margin %-0.05%-0.1%0.2%0.14%0.14%0.17%0.19%0.17%0.14%0.15%
Operating CF Growth %-0.87%-0.36%2.75%-0.21%0.18%0.8%0.48%0.4%-0.04%0.07%
Net Income-57.37M-19.15M-5.39M-5.58M-3.79M-6.17M6.68M-3.78M-6.76M-10.7M
Depreciation & Amortization22.18M12.45M12.02M10.55M10.98M17.73M23.04M41.23M50.55M51.92M
Stock-Based Compensation7.92M-1.21M1.29M1.56M128.44K4.95M7.59M5.28M2.48M4.04M
Deferred Taxes-8.15M04.06M4.3M4.96M-3.8M0-548K342K85K
Other Non-Cash Items55.19M6.04M3.04M1.39M1.12M13.9M-11.72M-3.19M-3.54M-7.64M
Working Capital Changes-24.24M-4.2M-4.38M-3.82M-3.5M-8.85M758K-2.01M-7.7M0
Change in Receivables-19.74M-4.21M-7M-5.16M-3.86M-8.82M-201K-3.06M-3.29M2.58M
Change in Inventory176.46K-3.98M3.69M637.56K-1.33M-44K-2.42M-60K-3.42M-2.42M
Change in Payables-3.75M0-4.12M01.66M518K3.35M3.12M3.13M-3.41M
Cash from Investing+-22.93M9.3M-723.68K1.77M-5.93M-17.84M-42.49M-82.83M-10.31M-32.95M
Capital Expenditures-2.94M-2.44M-530.18K-1.36M-69.02K-5.05M-9.16M-6.85M-10.31M-12.35M
CapEx % of Revenue0.03%0.04%0.01%0.02%0%0.05%0.07%0.03%0.04%0.05%
Acquisitions----------
Investments----------
Other Investing011.87M229.1K161.66K190.79K98K193K65K210K1.23M
Cash from Financing+-6.54M-6.53M-10.51M-5.03M10.48M4.84M-9.85M54.43M-26.15M-7.76M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-3.38M-4.75M123.7K756.65K-1.75M-1.21M-5.3M-653.79K-1.01M-7.76M
Net Change in Cash----------
Free Cash Flow+-7.4M-7.33M10.11M7.03M9.82M13.65M17.18M30.13M25.07M25.34M
FCF Margin %-0.08%-0.12%0.19%0.11%0.13%0.13%0.12%0.14%0.1%0.1%
FCF Growth %0.07%0.01%2.38%-0.31%0.4%0.39%0.26%0.75%-0.17%0.01%
FCF per Share-0.42-0.390.500.340.430.450.460.760.590.59
FCF Conversion (FCF/Net Income)0.08x0.32x0.73x-1.50x-2.16x-2.88x5.44x-13.28x-5.23x-3.56x
Interest Paid00000006.03M6.83M0
Taxes Paid0000000680K1.25M0

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-51.66%-23.5%33.48%-37.98%-21.41%-14.22%7%-2.92%-6.2%-9.16%
Return on Invested Capital (ROIC)-30.74%-10.78%-7.23%-12.86%-1.8%-2.81%4.77%2.98%0.44%-1.78%
Gross Margin50.94%70.86%69.17%72.11%52.54%72.48%76.25%72.65%71.97%97.53%
Net Margin-59.56%-31.11%26.59%-9.12%-6.25%-6.03%3.46%-1.32%-2.75%-4.31%
Debt / Equity0.12x0.18x1.09x1.47x0.98x0.46x0.33x0.88x0.93x0.16x
Interest Coverage-36.00x-11.42x-3.60x-1.42x-0.34x-0.73x2.46x0.76x0.12x-0.57x
FCF Conversion0.08x0.32x0.73x-1.50x-2.16x-2.88x5.44x-13.28x-5.23x-3.56x
Revenue Growth80.35%-36.09%-11.35%12.07%19.63%39.88%36.65%51.35%16.17%-0.23%

Frequently Asked Questions

Growth & Financials

Quipt Home Medical Corp. (QIPT) reported $250.8M in revenue for fiscal year 2025. This represents a 6228% increase from $4.0M in 2012.

Quipt Home Medical Corp. (QIPT) saw revenue decline by 0.2% over the past year.

Quipt Home Medical Corp. (QIPT) reported a net loss of $10.3M for fiscal year 2025.

Dividend & Returns

Quipt Home Medical Corp. (QIPT) has a return on equity (ROE) of -9.2%. Negative ROE indicates the company is unprofitable.

Quipt Home Medical Corp. (QIPT) generated $20.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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