Acadia Healthcare (ACHC) Financials

$25.73 +0.46 (+1.84%)

As of 03:02 PM Eastern

Annual Income Statements for Acadia Healthcare

This table shows Acadia Healthcare's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	113	6.14	200	-176	109	-672	191	273	-22	256	-1,103
Consolidated Net Income / (Loss)	111	4.18	200	-175	110	-669	196	280	-16	264	-1,092
Net Income / (Loss) Continuing Operations	111	4.18	200	57	53	143	208	280	-16	264	-1,092
Total Pre-Tax Income	165	33	237	67	78	184	276	374	-25	342	-1,066
Total Operating Income	271	214	413	252	266	309	360	422	50	458	-926
Total Gross Profit	821	1,269	1,300	774	901	935	1,071	1,217	1,356	1,463	1,492
Total Revenue	1,830	2,853	2,877	1,905	2,008	2,090	2,314	2,610	2,929	3,154	3,313
Operating Revenue	1,830	2,853	2,877	1,905	2,008	2,090	2,314	2,610	2,929	3,154	3,313
Total Cost of Revenue	1,009	1,584	1,577	1,131	1,107	1,155	1,244	1,393	1,572	1,691	1,821
Operating Cost of Revenue	974	1,542	1,536	1,131	1,107	1,155	1,244	1,393	1,572	1,691	1,821
Total Operating Expenses	549	1,055	887	522	635	626	711	795	1,306	1,005	2,418
Selling, General & Admin Expense	323	615	642	354	464	470	529	607	671	743	867
Depreciation Expense	64	135	143	80	88	95	107	118	132	150	189
Other Operating Expenses / (Income)	115	252	77	36	35	37	39	45	47	48	48
Impairment Charge	-	0.00	0.00	0.00	27	4.75	24	0.00	9.79	17	1,008
Restructuring Charge	37	48	24	30	21	12	13	24	62	47	164
Other Special Charges / (Income)	11	4.25	0.81	22	-	7.23	0.00	0.00	384	0.00	142
Total Other Income / (Expense), net	-107	-181	-176	-185	-187	-125	-84	-48	-76	-116	-140
Interest Expense	-	-	-	185	187	158	102	70	82	116	140
Interest & Investment Income	-107	-181	-176	-	0.00	33	18	21	6.42	0.00	0.00
Income Tax Expense	53	29	37	9.91	25	41	68	94	-9.70	77	26
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.08	-1.97	-0.25	0.26	1.20	2.93	4.93	6.89	6.01	8.87	11
Basic Earnings per Share	$1.65	$0.07	$2.30	($2.01)	$1.24	($7.65)	$2.15	$3.05	($0.24)	$2.79	($12.16)
Weighted Average Basic Shares Outstanding	68.09M	85.70M	86.95M	87.29M	87.61M	87.88M	88.77M	89.68M	90.95M	91.62M	90.71M
Diluted Earnings per Share	$1.64	$0.07	$2.30	($2.01)	$1.24	($7.59)	$2.10	$2.98	($0.24)	$2.78	($12.16)
Weighted Average Diluted Shares Outstanding	68.39M	85.97M	87.06M	87.42M	87.82M	88.60M	90.79M	91.56M	90.95M	92.06M	90.71M
Weighted Average Basic & Diluted Shares Outstanding	68.20M	87.80M	86.90M	87.40M	88.49M	89.04M	89.90M	91.31M	92.29M	92.91M	92.21M

This table shows Acadia Healthcare's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-218	58	76	78	68	33	8.37	30	36	-1,178	4.11
Consolidated Net Income / (Loss)	-216	60	79	81	71	34	9.06	38	38	-1,177	4.46
Net Income / (Loss) Continuing Operations	-216	60	79	81	71	34	9.06	38	38	-1,177	4.46
Total Pre-Tax Income	-287	80	99	106	99	38	13	50	40	-1,169	11
Total Operating Income	-271	98	126	136	128	68	44	85	77	-1,130	49
Total Gross Profit	356	342	351	337	387	349	325	417	389	361	362
Total Revenue	750	743	768	796	816	774	771	869	852	821	829
Operating Revenue	750	743	768	796	816	774	771	869	852	821	829
Total Cost of Revenue	394	400	418	460	428	426	445	452	462	461	467
Operating Cost of Revenue	394	400	418	460	428	426	445	452	462	461	467
Total Operating Expenses	627	244	224	201	259	281	281	332	313	1,491	312
Selling, General & Admin Expense	177	170	173	158	190	194	188	213	211	255	214
Depreciation Expense	33	35	36	36	38	40	47	49	47	46	52
Other Operating Expenses / (Income)	12	12	12	0.00	12	12	12	13	12	12	12
Restructuring Charge	11	35	2.85	6.09	8.25	30	31	64	43	25	22
Other Special Charges / (Income)	394	-	0.00	0.00	0.00	-	3.50	-8.72	0.00	146	13
Total Other Income / (Expense), net	-16	-18	-27	-29	-30	-30	-30	-35	-37	-39	-38
Interest Expense	21	-	-	29	30	30	30	35	37	39	38
Income Tax Expense	-72	20	20	26	27	4.48	4.40	12	1.67	7.84	6.50
Net Income / (Loss) Attributable to Noncontrolling Interest	2.19	2.03	2.39	2.34	3.24	0.91	0.69	7.81	2.07	0.28	0.36
Basic Earnings per Share	($2.39)	$0.63	$0.84	$0.86	$0.74	$0.35	$0.09	$0.33	$0.40	($12.98)	$0.05
Weighted Average Basic Shares Outstanding	91.17M	90.95M	91.36M	91.63M	91.72M	91.62M	91.65M	90.33M	90.41M	90.71M	90.53M
Diluted Earnings per Share	($2.39)	$0.64	$0.83	$0.85	$0.74	$0.36	$0.09	$0.33	$0.40	($12.98)	$0.05
Weighted Average Diluted Shares Outstanding	91.17M	90.95M	92.01M	92.04M	92.19M	92.06M	92.04M	90.44M	90.58M	90.71M	90.86M

This table details how cash moves in and out of Acadia Healthcare's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-83	46	2.98	-14	49	325	-245	-36	2.42	-24	57
Net Cash From Operating Activities	240	361	400	414	333	659	374	381	462	130	132
Net Cash From Continuing Operating Activities	242	372	401	226	183	503	374	0.00	462	130	132
Net Income / (Loss) Continuing Operations	111	4.18	200	57	53	143	208	280	-16	264	-1,092
Consolidated Net Income / (Loss)	111	4.18	200	-175	110	-669	196	280	-16	264	-1,092
Depreciation Expense	64	135	143	80	88	95	107	118	132	150	189
Amortization Expense	6.71	10	9.86	10	12	13	4.07	3.26	3.32	4.09	4.86
Non-Cash Adjustments To Reconcile Net Income	35	216	36	58	48	122	49	-6.76	421	117	1,037
Changes in Operating Assets and Liabilities, net	26	6.53	13	19	-18	130	6.40	-14	-78	-406	-7.57
Net Cash From Investing Activities	-884	-660	-337	-361	-201	-282	1,013	-306	-397	-736	-556
Net Cash From Continuing Investing Activities	-884	-660	-337	-276	-148	-238	0.00	0.00	-397	-736	-556
Purchase of Property, Plant & Equipment	-303	-348	-274	-253	-233	-225	-245	-296	-424	-690	-572
Acquisitions	-575	-683	-18	0.00	-45	0.00	-139	-9.51	-0.35	-54	-8.17
Sale of Property, Plant & Equipment	-	-	5.25	0.00	12	0.09	3.49	7.07	29	10	24
Other Investing Activities, net	-5.10	-2.47	-49	-23	13	-13	-33	-7.25	-2.16	-2.98	-0.09
Net Cash From Financing Activities	564	359	-60	-67	-62	-51	-1,637	-111	-63	583	481
Net Cash From Continuing Financing Activities	564	359	-60	-64	-59	-48	0.00	0.00	-63	584	481
Repayment of Debt	-1,378	-1,976	-57	-62	-134	-1,073	-2,581	-114	-56	-73	-1,737
Repurchase of Common Equity	-	-8.85	-3.46	-3.41	-1.65	0.18	16	-12	0.00	0.00	-50
Payment of Dividends	-	-	0.00	0.00	-0.15	-0.92	-1.59	-1.00	-5.11	-2.97	-3.88
Issuance of Debt	1,618	1,659	0.69	0.83	77	1,025	925	0.00	40	655	2,269
Issuance of Common Equity	331	685	-	-	-	0.00	4.54	15	-41	5.18	4.41
Other Financing Activities, net	-7.45	-	-	-	-	-	-	-	0.00	0.00	-1.50
Cash Interest Paid	87	161	159	175	173	138	94	66	81	113	125
Cash Income Taxes Paid	-	-	-	-	32	-	79	86	66	28	30

This table details how cash moves in and out of Acadia Healthcare's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-13	0.48	-23	-0.14	4.98	-5.84	15	40	-13	15	25
Net Cash From Operating Activities	138	116	-321	171	163	117	11	134	73	-86	62
Net Cash From Continuing Operating Activities	138	-346	-321	171	163	-13	11	134	73	-86	62
Net Income / (Loss) Continuing Operations	-216	60	79	81	71	34	9.06	38	38	-1,177	4.46
Consolidated Net Income / (Loss)	-216	60	79	81	71	34	9.06	38	38	-1,177	4.46
Depreciation Expense	33	35	36	36	38	40	47	49	47	46	52
Amortization Expense	0.83	0.84	1.02	1.02	1.03	1.03	1.06	1.22	1.24	1.35	1.25
Non-Cash Adjustments To Reconcile Net Income	398	-2.29	22	-7.46	20	83	14	4.34	6.81	1,013	7.14
Changes in Operating Assets and Liabilities, net	-79	23	-459	61	33	-40	-59	41	-21	31	-3.75
Net Cash From Investing Activities	-129	-110	-185	-155	-193	-203	-183	-151	-130	-92	-60
Net Cash From Continuing Investing Activities	-129	287	-185	-155	-193	533	-183	-151	-130	-92	-60
Purchase of Property, Plant & Equipment	-128	-139	-142	-154	-190	-203	-175	-168	-136	-93	-77
Acquisitions	-0.35	-	-50	-0.37	-2.83	-	-8.59	0.43	-	-	0.00
Purchase of Investments	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Sale of Property, Plant & Equipment	0.01	29	9.06	1.15	0.02	0.21	0.04	17	6.53	0.70	16
Divestitures	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Other Investing Activities, net	-0.99	-0.23	-0.91	-2.03	-0.00	-0.04	-0.06	-0.05	-0.04	0.06	-0.03
Net Cash From Financing Activities	-21	-5.65	483	-16	35	81	187	57	44	193	24
Net Cash From Continuing Financing Activities	-21	57	484	-17	35	-502	187	57	44	193	24
Repayment of Debt	-20	-5.31	-27	-15	-15	-15	-1,724	-4.11	-4.06	-4.09	-59
Repurchase of Common Equity	0.71	0.86	0.00	-	0.84	0.82	-49	-4.93	-0.24	3.95	-2.74
Payment of Dividends	-1.50	-1.63	-1.02	-0.48	-1.47	-	0.00	-1.99	-1.89	-	0.00
Issuance of Debt	-	-	510	-	50	95	1,960	70	45	194	85
Issuance of Common Equity	0.02	0.42	2.28	0.69	0.53	1.68	0.00	-	5.00	-0.59	0.74
Other Financing Activities, net	-	-	-	-	-	-	0.00	-	-	-	0.00

This table presents Acadia Healthcare's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	4,279	6,025	6,425	6,173	6,879	6,499	4,768	4,988	5,359	5,957	5,527
Total Current Assets	295	428	472	450	542	2,523	495	506	596	577	814
Cash & Equivalents	11	57	67	51	100	379	134	98	100	76	133
Accounts Receivable	217	263	297	318	289	274	281	322	361	365	441
Other Current Assets	67	108	107	82	65	61	80	86	134	136	240
Plant, Property, & Equipment, net	1,709	2,704	3,048	3,108	1,500	1,623	1,771	1,952	2,267	2,853	3,111
Total Noncurrent Assets	2,275	2,893	2,905	2,614	4,837	2,353	2,502	2,530	2,496	2,526	1,602
Goodwill	2,128	2,681	2,751	2,396	2,085	2,105	2,200	2,223	2,226	2,265	1,296
Intangible Assets	60	83	87	89	69	69	70	76	73	70	97
Noncurrent Deferred & Refundable Income Taxes	49	3.78	3.73	3.47	3.34	3.21	3.08	2.95	6.66	21	2.53
Other Noncurrent Operating Assets	39	125	63	125	153	176	229	228	190	170	207
Total Liabilities & Shareholders' Equity	4,279	6,025	6,425	6,173	6,879	6,499	4,768	4,988	5,359	5,957	5,527
Total Liabilities	2,588	3,839	3,829	3,810	4,341	4,545	2,185	2,087	2,471	2,766	3,387
Total Current Liabilities	290	343	377	416	464	1,308	405	388	886	578	525
Short-Term Debt	45	35	35	34	44	153	19	21	29	77	28
Accounts Payable	91	80	102	118	90	88	99	105	156	233	150
Accrued Expenses	73	123	141	151	69	178	126	111	532	88	137
Current Employee Benefit Liabilities	81	105	99	113	94	125	138	125	142	155	189
Other Current Liabilities	-	-	-	0.00	18	104	23	26	26	25	21
Total Noncurrent Liabilities	2,298	3,496	3,452	3,394	3,877	3,236	1,780	1,699	1,585	2,188	2,862
Long-Term Debt	2,195	3,253	3,205	3,159	3,105	2,969	1,479	1,365	1,343	1,880	2,472
Noncurrent Deferred & Payable Income Tax Liabilities	24	79	80	80	23	50	74	93	1.93	84	67
Other Noncurrent Operating Liabilities	79	165	166	154	262	217	111	241	241	224	324
Redeemable Noncontrolling Interest	8.06	18	22	29	33	55	65	88	106	117	192
Total Equity & Noncontrolling Interests	1,683	2,168	2,573	2,333	2,505	1,899	2,517	2,813	2,782	3,074	1,949
Total Preferred & Common Equity	1,683	2,168	2,573	2,333	2,505	1,899	2,517	2,813	2,782	3,074	1,949
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,683	2,168	2,573	2,333	2,505	1,899	2,517	2,813	2,782	3,074	1,949
Common Stock	1,574	2,497	2,518	2,543	2,559	2,581	2,637	2,659	2,650	2,686	2,715
Retained Earnings	214	220	429	253	362	-310	-120	153	132	387	-766

This table presents Acadia Healthcare's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,943	5,044	5,150	5,346	5,517	5,678	5,870	6,148	6,308	6,413	5,546
Total Current Assets	522	538	579	703	611	645	652	639	692	748	837
Cash & Equivalents	93	64	112	100	77	77	82	91	131	119	158
Accounts Receivable	316	346	346	363	386	389	384	397	409	431	472
Other Current Assets	112	128	121	241	147	179	186	151	152	198	207
Plant, Property, & Equipment, net	1,909	1,998	2,074	2,146	2,376	2,498	2,680	2,956	3,064	3,092	3,107
Total Noncurrent Assets	2,512	2,508	2,497	2,497	2,530	2,535	2,539	2,553	2,553	2,573	1,603
Goodwill	2,208	2,223	2,223	2,226	2,261	2,261	2,265	2,276	2,276	2,286	1,301
Intangible Assets	76	76	72	74	73	73	73	79	79	85	99
Noncurrent Deferred & Refundable Income Taxes	2.98	2.92	2.89	2.85	2.78	2.74	2.71	23	25	28	2.49
Other Noncurrent Operating Assets	226	206	200	195	193	197	198	174	172	174	200
Total Liabilities & Shareholders' Equity	4,943	5,044	5,150	5,346	5,517	5,678	5,870	6,148	6,308	6,413	5,546
Total Liabilities	2,111	2,114	2,139	2,536	2,542	2,613	2,724	2,974	3,085	3,123	3,378
Total Current Liabilities	401	378	432	865	482	547	610	473	524	518	489
Short-Term Debt	21	21	24	27	61	67	72	16	20	24	33
Accounts Payable	116	126	149	150	156	160	201	204	220	180	142
Accrued Expenses	128	110	122	540	120	159	168	88	105	126	137
Current Employee Benefit Liabilities	110	95	111	122	118	135	141	140	156	166	157
Other Current Liabilities	26	26	26	26	27	27	27	25	23	21	21
Total Noncurrent Liabilities	1,710	1,736	1,706	1,671	2,060	2,067	2,115	2,500	2,561	2,605	2,889
Long-Term Debt	1,379	1,400	1,372	1,350	1,794	1,775	1,805	2,184	2,247	2,285	2,494
Noncurrent Deferred & Payable Income Tax Liabilities	94	93	93	70	16	37	54	81	80	94	77
Other Noncurrent Operating Liabilities	119	244	241	251	250	255	256	235	234	226	318
Redeemable Noncontrolling Interest	88	90	91	98	109	112	115	132	146	170	210
Total Equity & Noncontrolling Interests	2,744	2,840	2,921	2,713	2,866	2,953	3,032	3,042	3,078	3,120	1,958
Total Preferred & Common Equity	2,744	2,840	2,921	2,713	2,866	2,953	3,032	3,042	3,078	3,120	1,958
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,744	2,840	2,921	2,713	2,866	2,953	3,032	3,042	3,078	3,120	1,958
Common Stock	2,651	2,620	2,629	2,639	2,658	2,666	2,677	2,693	2,703	2,709	2,720
Retained Earnings	92	219	292	74	208	287	355	348	375	412	-762

This table displays calculated financial ratios and metrics derived from Acadia Healthcare's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,258,166.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	92,258,166.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-11.95
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	77.50%	55.92%	0.86%	-33.80%	5.44%	4.06%	10.74%	12.79%	12.20%	7.69%	5.04%
EBITDA Growth	62.55%	5.25%	57.26%	-39.41%	6.68%	14.04%	12.79%	15.56%	-65.77%	228.96%	-219.57%
EBIT Growth	55.70%	-21.07%	92.65%	-38.97%	5.47%	16.32%	16.31%	17.51%	-88.08%	810.20%	-302.03%
NOPAT Growth	59.52%	-85.20%	1,181.39%	-38.24%	-15.92%	33.26%	12.72%	16.49%	-88.85%	905.92%	-282.81%
Net Income Growth	34.24%	-96.25%	4,679.43%	-187.92%	162.75%	-707.69%	129.22%	43.19%	-105.59%	1,788.81%	-512.85%
EPS Growth	9.33%	-95.73%	3,185.71%	-187.39%	161.69%	-712.10%	127.67%	41.90%	-108.05%	1,258.33%	-537.41%
Operating Cash Flow Growth	108.53%	50.36%	10.54%	3.63%	-19.60%	97.90%	-43.16%	1.63%	21.49%	-71.95%	1.70%
Free Cash Flow Firm Growth	-184.17%	21.50%	99.75%	12,931.96%	334.99%	-85.57%	-181.01%	178.27%	-65.82%	-957.62%	84.95%
Invested Capital Growth	110.04%	38.15%	6.49%	-4.56%	-34.46%	-1.64%	14.50%	3.10%	-0.71%	21.93%	-11.12%
Revenue Q/Q Growth	12.54%	7.90%	0.69%	-36.56%	2.31%	69.94%	2.31%	3.24%	2.36%	1.01%	1.45%
EBITDA Q/Q Growth	13.31%	6.95%	3.88%	-41.25%	12.04%	45.26%	18.34%	-2.59%	0.80%	-4.08%	-259.05%
EBIT Q/Q Growth	13.25%	3.44%	4.41%	-39.43%	14.80%	29.68%	24.88%	-3.70%	-6.97%	-6.22%	-439.78%
NOPAT Q/Q Growth	12.88%	269.60%	12.28%	-46.67%	47.17%	145.42%	22.80%	-4.48%	-6.97%	-4.21%	-383.11%
Net Income Q/Q Growth	11.86%	226.62%	16.50%	-177.74%	152.17%	-749.52%	129.70%	-2.90%	-27.61%	-9.02%	-1,018.77%
EPS Q/Q Growth	7.89%	-30.00%	17.35%	-177.61%	151.24%	-771.68%	127.93%	-3.87%	-4.35%	-9.15%	-1,130.51%
Operating Cash Flow Q/Q Growth	27.65%	0.98%	7.08%	-0.08%	-2.50%	11.36%	-19.15%	4.30%	0.60%	0.31%	-60.61%
Free Cash Flow Firm Q/Q Growth	-8.34%	31.61%	-100.74%	110.23%	348.85%	55.72%	-112.58%	197.04%	-68.65%	-15.38%	73.03%
Invested Capital Q/Q Growth	4.19%	-8.11%	1.20%	-6.30%	-34.82%	-34.77%	8.94%	-1.58%	1.77%	2.65%	-17.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.86%	44.48%	45.19%	40.63%	44.86%	44.76%	46.26%	46.62%	46.31%	46.38%	45.04%
EBITDA Margin	18.68%	12.61%	19.66%	17.99%	18.21%	19.95%	20.32%	20.82%	6.35%	19.40%	-22.09%
Operating Margin	14.84%	7.51%	14.35%	13.23%	13.23%	14.79%	15.53%	16.18%	1.72%	14.53%	-27.95%
EBIT Margin	14.84%	7.51%	14.35%	13.23%	13.23%	14.79%	15.53%	16.18%	1.72%	14.53%	-27.95%
Profit (Net Income) Margin	6.09%	0.15%	6.94%	-9.21%	5.48%	-32.02%	8.45%	10.73%	-0.53%	8.39%	-32.96%
Tax Burden Percent	67.66%	12.67%	84.29%	-260.38%	140.47%	-364.10%	70.92%	74.85%	61.75%	77.36%	102.44%
Interest Burden Percent	60.68%	15.38%	57.36%	26.75%	29.50%	59.47%	76.71%	88.56%	-50.37%	74.61%	115.14%
Effective Tax Rate	32.40%	87.33%	15.71%	14.70%	32.00%	22.09%	24.50%	25.15%	0.00%	22.64%	0.00%
Return on Invested Capital (ROIC)	6.34%	0.58%	6.22%	3.81%	3.97%	6.73%	7.13%	7.66%	0.84%	7.68%	-13.53%
ROIC Less NNEP Spread (ROIC-NNEP)	1.86%	-0.26%	1.59%	-8.55%	0.61%	-61.61%	2.20%	5.05%	-3.13%	1.97%	-34.43%
Return on Net Nonoperating Assets (RNNOA)	2.33%	-0.37%	2.13%	-10.89%	0.53%	-36.52%	1.49%	2.55%	-1.39%	1.02%	-27.43%
Return on Equity (ROE)	8.67%	0.22%	8.35%	-7.08%	4.49%	-29.79%	8.62%	10.21%	-0.54%	8.70%	-40.96%
Cash Return on Invested Capital (CROIC)	-64.64%	-31.46%	-0.07%	8.48%	45.60%	8.38%	-6.38%	4.61%	1.56%	-12.08%	-1.75%
Operating Return on Assets (OROA)	8.37%	4.16%	6.63%	4.00%	4.07%	4.62%	6.38%	8.66%	0.97%	8.10%	-16.12%
Return on Assets (ROA)	3.44%	0.08%	3.21%	-2.79%	1.69%	-10.00%	3.47%	5.74%	-0.30%	4.67%	-19.02%
Return on Common Equity (ROCE)	8.64%	0.21%	8.28%	-7.01%	4.44%	-29.20%	8.39%	9.93%	-0.52%	8.38%	-38.59%
Return on Equity Simple (ROE_SIMPLE)	6.62%	0.19%	7.76%	-7.52%	4.40%	-35.23%	7.77%	9.96%	-0.56%	8.60%	0.00%
Net Operating Profit after Tax (NOPAT)	184	27	348	215	181	241	271	316	35	355	-648
NOPAT Margin	10.03%	0.95%	12.09%	11.28%	9.00%	11.52%	11.73%	12.11%	1.20%	11.24%	-19.56%
Net Nonoperating Expense Percent (NNEP)	4.48%	0.84%	4.63%	12.36%	3.35%	68.34%	4.94%	2.61%	3.98%	5.71%	20.90%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.53%	0.85%	7.05%	-14.57%
Cost of Revenue to Revenue	55.14%	55.52%	54.81%	59.37%	55.14%	55.24%	53.74%	53.38%	53.69%	53.62%	54.96%
SG&A Expenses to Revenue	17.67%	21.57%	22.33%	18.57%	23.08%	22.49%	22.85%	23.27%	22.91%	23.56%	26.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.02%	36.97%	30.84%	27.41%	31.63%	29.97%	30.72%	30.44%	44.59%	31.85%	72.99%
Earnings before Interest and Taxes (EBIT)	271	214	413	252	266	309	360	422	50	458	-926
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	342	360	566	343	366	417	470	543	186	612	-732
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.66	1.34	1.11	0.97	1.17	2.35	2.17	2.66	2.58	1.20	0.67
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	8.37	0.00	22.07	14.57	14.85	4.98	2.35
Price to Revenue (P/Rev)	2.45	1.02	1.00	1.19	1.47	2.14	2.36	2.87	2.45	1.17	0.40
Price to Earnings (P/E)	39.78	471.48	14.35	0.00	27.01	0.00	28.64	27.42	0.00	14.41	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.51%	0.21%	6.97%	0.00%	3.70%	0.00%	3.49%	3.65%	0.00%	6.94%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.71	1.13	1.05	0.99	1.67	2.05	1.72	2.12	2.06	1.12	0.86
Enterprise Value to Revenue (EV/Rev)	3.67	2.15	2.11	2.86	3.00	3.48	3.03	3.40	2.92	1.80	1.17
Enterprise Value to EBITDA (EV/EBITDA)	19.65	17.08	10.72	15.88	16.48	17.44	14.89	16.31	45.95	9.28	0.00
Enterprise Value to EBIT (EV/EBIT)	24.73	28.68	14.68	21.60	22.67	23.53	19.48	20.99	169.79	12.40	0.00
Enterprise Value to NOPAT (EV/NOPAT)	36.59	226.30	17.42	25.32	33.34	30.20	25.81	28.04	242.55	16.02	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	27.93	17.00	15.17	13.14	18.10	11.04	18.71	23.30	18.49	43.80	29.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	11.39	2.90	24.24	0.00	46.61	131.48	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.33	1.50	1.25	1.35	1.24	1.60	0.62	0.48	0.48	0.61	1.17
Long-Term Debt to Equity	1.30	1.49	1.24	1.34	1.22	1.52	0.62	0.47	0.46	0.59	1.15
Financial Leverage	1.25	1.41	1.34	1.27	0.86	0.59	0.68	0.50	0.44	0.52	0.80
Leverage Ratio	2.52	2.66	2.60	2.54	2.66	2.98	2.48	1.78	1.79	1.86	2.15
Compound Leverage Factor	1.53	0.41	1.49	0.68	0.79	1.77	1.90	1.58	-0.90	1.39	2.48
Debt to Total Capital	56.99%	60.07%	55.52%	57.48%	55.37%	61.50%	38.46%	32.33%	32.21%	38.01%	53.87%
Short-Term Debt to Total Capital	1.15%	0.64%	0.60%	0.61%	0.77%	3.02%	0.44%	0.50%	0.69%	1.49%	0.61%
Long-Term Debt to Total Capital	55.84%	59.43%	54.93%	56.87%	54.60%	58.48%	38.02%	31.83%	31.52%	36.52%	53.26%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.20%	0.32%	0.38%	0.52%	0.58%	1.09%	1.56%	2.06%	2.48%	2.28%	4.13%
Common Equity to Total Capital	42.81%	39.61%	44.09%	42.00%	44.05%	37.41%	59.98%	65.61%	65.31%	59.71%	42.00%
Debt to EBITDA	6.56	9.14	5.73	9.32	8.61	7.49	3.43	2.55	7.37	3.20	-3.42
Net Debt to EBITDA	6.52	8.98	5.61	9.17	8.34	6.58	3.15	2.37	6.84	3.07	-3.23
Long-Term Debt to EBITDA	6.42	9.04	5.67	9.22	8.49	7.12	3.39	2.51	7.22	3.07	-3.38
Debt to NOPAT	12.21	121.08	9.31	14.86	17.43	12.97	5.95	4.38	38.92	5.52	-3.86
Net Debt to NOPAT	12.15	118.98	9.12	14.63	16.88	11.39	5.45	4.07	36.08	5.30	-3.65
Long-Term Debt to NOPAT	11.96	119.80	9.21	14.70	17.19	12.33	5.88	4.32	38.09	5.30	-3.81
Altman Z-Score	1.75	1.11	1.22	0.86	0.91	1.23	2.22	3.03	2.29	1.67	0.15
Noncontrolling Interest Sharing Ratio	0.31%	0.67%	0.84%	1.03%	1.26%	1.97%	2.66%	2.80%	3.35%	3.67%	5.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.02	1.25	1.25	1.08	1.17	1.93	1.22	1.30	0.67	1.00	1.55
Quick Ratio	0.79	0.93	0.97	0.89	0.84	0.50	1.03	1.08	0.52	0.76	1.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,871	-1,468	-3.72	478	2,078	300	-243	190	65	-558	-84
Operating Cash Flow to CapEx	79.43%	103.80%	148.58%	163.55%	150.69%	292.97%	155.18%	131.65%	117.13%	19.07%	24.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	2.59	11.09	1.90	-2.39	2.73	0.79	-4.79	-0.60
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.24	1.78	4.17	3.68	5.46	5.63	1.11	0.94
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.87	0.60	2.74	1.31	1.31	0.82	-4.73	-2.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.55	0.46	0.30	0.31	0.31	0.41	0.54	0.57	0.56	0.58
Accounts Receivable Turnover	10.92	11.89	10.27	6.19	6.62	7.43	8.34	8.65	8.56	8.68	8.22
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.32	1.29	1.00	0.62	0.87	1.34	1.36	1.40	1.39	1.23	1.11
Accounts Payable Turnover	14.41	18.48	17.30	10.28	10.65	12.97	13.35	13.71	12.06	8.70	9.50
Days Sales Outstanding (DSO)	33.42	30.70	35.54	58.93	55.15	49.11	43.75	42.21	42.62	42.05	44.40
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	25.33	19.75	21.10	35.51	34.28	28.15	27.35	26.63	30.28	41.96	38.40
Cash Conversion Cycle (CCC)	8.08	10.96	14.44	23.42	20.87	20.96	16.41	15.59	12.34	0.09	6.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,921	5,416	5,768	5,505	3,608	3,549	4,063	4,189	4,159	5,071	4,507
Invested Capital Turnover	0.63	0.61	0.51	0.34	0.44	0.58	0.61	0.63	0.70	0.68	0.69
Increase / (Decrease) in Invested Capital	2,054	1,496	352	-263	-1,897	-59	514	126	-30	912	-564
Enterprise Value (EV)	6,715	6,145	6,062	5,441	6,025	7,272	7,005	8,866	8,548	5,681	3,867
Market Capitalization	4,478	2,896	2,867	2,269	2,942	4,473	5,459	7,489	7,171	3,683	1,309
Book Value per Share	$23.48	$24.77	$29.29	$26.44	$28.29	$21.34	$27.99	$30.92	$30.17	$33.09	$21.13
Tangible Book Value per Share	($7.04)	($6.82)	($3.02)	($1.72)	$3.97	($3.08)	$2.75	$5.65	$5.23	$7.95	$6.03
Total Capital	3,932	5,473	5,835	5,556	5,688	5,077	4,197	4,287	4,259	5,148	4,641
Total Debt	2,241	3,288	3,240	3,193	3,149	3,122	1,614	1,386	1,372	1,957	2,500
Total Long-Term Debt	2,195	3,253	3,205	3,159	3,105	2,969	1,595	1,365	1,343	1,880	2,472
Net Debt	2,230	3,231	3,173	3,143	3,050	2,744	1,480	1,288	1,272	1,881	2,367
Capital Expenditures (CapEx)	303	348	269	253	221	225	241	289	395	680	548
Debt-free, Cash-free Net Working Capital (DFCFNWC)	39	63	62	18	23	990	-25	41	-361	0.08	184
Debt-free Net Working Capital (DFNWC)	50	120	129	68	122	1,369	109	139	-261	76	317
Net Working Capital (NWC)	4.53	85	94	34	79	1,215	90	118	-290	-0.43	289
Net Nonoperating Expense (NNE)	72	23	148	390	71	910	76	36	51	90	444
Net Nonoperating Obligations (NNO)	2,230	3,231	3,173	3,143	1,069	1,594	1,480	1,288	1,272	1,881	2,367
Total Depreciation and Amortization (D&A)	70	145	153	91	100	108	111	121	136	154	194
Debt-free, Cash-free Net Working Capital to Revenue	2.11%	2.20%	2.14%	0.93%	1.13%	47.37%	-1.08%	1.59%	-12.31%	0.00%	5.56%
Debt-free Net Working Capital to Revenue	2.73%	4.20%	4.48%	3.58%	6.09%	65.49%	4.70%	5.33%	-8.90%	2.42%	9.58%
Net Working Capital to Revenue	0.25%	2.98%	3.27%	1.79%	3.92%	58.15%	3.90%	4.51%	-9.89%	-0.01%	8.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.65	$0.07	$2.30	($2.01)	$1.24	($7.65)	$2.15	$3.05	($0.24)	$2.79	($12.16)
Adjusted Weighted Average Basic Shares Outstanding	68.09M	85.70M	86.95M	87.29M	87.61M	87.88M	88.77M	89.68M	90.95M	91.62M	90.71M
Adjusted Diluted Earnings per Share	$1.64	$0.07	$2.30	($2.01)	$1.24	($7.59)	$2.10	$2.98	($0.24)	$2.78	($12.16)
Adjusted Weighted Average Diluted Shares Outstanding	68.39M	85.97M	87.06M	87.29M	87.82M	88.60M	90.79M	91.56M	90.95M	92.06M	90.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($2.01)	$1.24	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	87.22M	87.55M	87.95M	88.46M	88.49M	89.04M	89.90M	91.31M	92.29M	92.91M	92.21M
Normalized Net Operating Profit after Tax (NOPAT)	216	187	369	259	214	259	299	334	355	404	272
Normalized NOPAT Margin	11.78%	6.55%	12.83%	13.60%	10.63%	12.41%	12.94%	12.79%	12.11%	12.81%	8.20%
Pre Tax Income Margin	9.00%	1.16%	8.23%	3.54%	3.90%	8.79%	11.92%	14.33%	-0.87%	10.84%	-32.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	1.37	1.42	1.95	3.54	6.06	0.61	3.94	-6.61
NOPAT to Interest Expense	0.00	0.00	0.00	1.16	0.96	1.52	2.67	4.53	0.43	3.05	-4.62
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-0.01	0.24	0.53	1.16	1.91	-4.19	-1.91	-10.52
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-0.21	-0.21	0.10	0.30	0.39	-4.38	-2.80	-8.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.14%	-0.14%	0.81%	0.36%	-32.61%	1.12%	-0.36%
Augmented Payout Ratio	0.00%	211.83%	1.73%	-1.94%	1.64%	-0.11%	-7.52%	4.54%	-315.70%	1.12%	-4.94%

This table displays calculated financial ratios and metrics derived from Acadia Healthcare's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	92,258,166.00	92,211,777.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	92,258,166.00	92,211,777.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-12.76	0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.54%	10.00%	9.06%	8.85%	8.70%	4.23%	0.32%	9.19%	4.41%	6.10%	7.57%
EBITDA Growth	-271.85%	1.11%	18.39%	15.00%	170.57%	-19.33%	-44.48%	-21.62%	-25.04%	-1,096.90%	11.92%
EBIT Growth	-352.30%	-3.69%	19.33%	15.58%	147.40%	-30.86%	-66.17%	-37.22%	-40.38%	-1,760.13%	12.24%
NOPAT Growth	-334.78%	0.39%	22.36%	15.03%	149.03%	-18.38%	-71.43%	-37.26%	-21.10%	-1,417.33%	-32.10%
Net Income Growth	-395.05%	-5.37%	18.35%	9.88%	133.11%	-43.89%	-88.49%	-53.06%	-46.31%	-3,611.11%	-50.75%
EPS Growth	-406.41%	-1.54%	15.28%	7.59%	130.96%	-43.75%	-89.16%	-61.18%	-45.95%	-3,705.56%	-44.44%
Operating Cash Flow Growth	235.94%	2.43%	-823.48%	4.51%	18.33%	0.34%	103.57%	-22.00%	-55.12%	-173.94%	436.12%
Free Cash Flow Firm Growth	95.45%	296.10%	-69.79%	-500.93%	-3,648.20%	-924.39%	-36.79%	-8.46%	38.64%	73.36%	253.38%
Invested Capital Growth	-3.98%	-0.71%	10.88%	12.40%	20.88%	21.93%	11.14%	10.99%	10.93%	-11.12%	-14.13%
Revenue Q/Q Growth	2.60%	-1.00%	3.40%	3.64%	2.46%	-5.08%	-0.48%	12.81%	-2.03%	-3.54%	0.89%
EBITDA Q/Q Growth	-257.73%	156.86%	21.34%	5.68%	-3.21%	-35.00%	-16.48%	49.17%	-7.43%	-964.36%	109.51%
EBIT Q/Q Growth	-331.04%	136.32%	28.03%	7.58%	-5.26%	-47.02%	-37.35%	99.63%	-10.03%	-1,575.38%	104.36%
NOPAT Q/Q Growth	-312.04%	138.77%	36.53%	2.48%	-9.63%	-35.45%	-52.21%	125.04%	13.65%	-1,177.73%	102.54%
Net Income Q/Q Growth	-393.04%	127.73%	31.82%	2.60%	-11.69%	-53.02%	-72.97%	318.53%	1.00%	-3,172.37%	100.38%
EPS Q/Q Growth	-402.53%	126.78%	29.69%	2.41%	-12.94%	-51.35%	-75.00%	266.67%	21.21%	-3,345.00%	100.39%
Operating Cash Flow Q/Q Growth	-15.82%	-15.63%	-376.25%	153.27%	-4.69%	-28.46%	-90.17%	1,063.23%	-45.16%	-217.87%	171.30%
Free Cash Flow Firm Q/Q Growth	71.65%	609.51%	-454.21%	-17.43%	-76.85%	-12.06%	41.22%	6.89%	-0.06%	51.35%	437.81%
Invested Capital Q/Q Growth	-4.86%	1.77%	14.29%	1.57%	2.32%	2.65%	4.18%	1.44%	2.26%	-17.76%	0.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.47%	46.10%	45.64%	47.27%	47.51%	45.03%	42.21%	47.95%	45.73%	43.90%	43.65%
EBITDA Margin	-31.57%	18.13%	21.28%	21.70%	20.49%	14.03%	11.78%	15.57%	14.71%	-131.85%	12.42%
Operating Margin	-36.13%	13.26%	16.41%	17.04%	15.75%	8.79%	5.54%	9.80%	9.00%	-137.58%	5.95%
EBIT Margin	-36.13%	13.26%	16.41%	17.04%	15.75%	8.79%	5.54%	9.80%	9.00%	-137.58%	5.95%
Profit (Net Income) Margin	-28.72%	8.04%	10.26%	10.15%	8.75%	4.33%	1.18%	4.36%	4.50%	-143.31%	0.54%
Tax Burden Percent	74.99%	74.73%	79.69%	75.91%	72.41%	88.22%	67.30%	75.87%	95.83%	100.67%	40.72%
Interest Burden Percent	106.01%	81.21%	78.41%	78.50%	76.71%	55.83%	31.58%	58.73%	52.20%	103.47%	22.24%
Effective Tax Rate	0.00%	25.27%	20.31%	24.09%	27.59%	11.78%	32.70%	24.13%	4.17%	0.00%	59.28%
Return on Invested Capital (ROIC)	-17.35%	6.95%	8.66%	8.67%	7.89%	5.30%	2.34%	4.71%	5.40%	-66.62%	1.66%
ROIC Less NNEP Spread (ROIC-NNEP)	-19.25%	5.87%	7.28%	7.21%	6.48%	3.62%	1.33%	3.34%	3.64%	-84.80%	0.97%
Return on Net Nonoperating Assets (RNNOA)	-9.22%	2.60%	3.86%	3.62%	3.34%	1.88%	0.84%	2.07%	2.25%	-67.56%	0.81%
Return on Equity (ROE)	-26.56%	9.55%	12.52%	12.29%	11.23%	7.18%	3.19%	6.79%	7.66%	-134.17%	2.47%
Cash Return on Invested Capital (CROIC)	4.97%	1.56%	-9.22%	-10.31%	-10.71%	-12.08%	-4.88%	-5.59%	-5.97%	-1.75%	2.09%
Operating Return on Assets (OROA)	-20.09%	7.50%	9.30%	9.62%	8.77%	4.90%	3.00%	5.28%	4.78%	-79.38%	3.43%
Return on Assets (ROA)	-15.97%	4.55%	5.81%	5.73%	4.87%	2.41%	0.64%	2.35%	2.39%	-82.68%	0.31%
Return on Common Equity (ROCE)	-25.69%	9.23%	12.10%	11.88%	10.83%	6.91%	3.06%	6.51%	7.32%	-126.40%	2.31%
Return on Equity Simple (ROE_SIMPLE)	-0.45%	0.00%	-0.12%	0.13%	9.59%	0.00%	6.40%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-190	74	100	103	93	60	29	65	73	-791	20
NOPAT Margin	-25.29%	9.91%	13.08%	12.93%	11.41%	7.76%	3.73%	7.43%	8.62%	-96.31%	2.42%
Net Nonoperating Expense Percent (NNEP)	1.91%	1.08%	1.38%	1.45%	1.41%	1.68%	1.01%	1.37%	1.76%	18.18%	0.70%
Return On Investment Capital (ROIC_SIMPLE)	-	1.77%	-	-	-	1.19%	0.55%	1.21%	1.35%	-17.78%	0.45%
Cost of Revenue to Revenue	52.53%	53.90%	54.36%	52.73%	52.49%	54.97%	57.79%	52.05%	54.27%	56.10%	56.35%
SG&A Expenses to Revenue	23.55%	22.93%	22.58%	23.32%	23.33%	25.05%	24.41%	24.49%	24.74%	31.07%	25.79%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.60%	32.84%	29.23%	30.23%	31.75%	36.24%	36.68%	38.16%	36.73%	181.48%	37.70%
Earnings before Interest and Taxes (EBIT)	-271	98	126	136	128	68	43	85	77	-1,130	49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-237	135	163	173	167	109	91	135	125	-1,083	103
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.39	2.58	2.55	2.12	1.94	1.20	0.93	0.68	0.73	0.67	1.10
Price to Tangible Book Value (P/TBV)	15.70	14.85	13.74	10.14	8.49	4.98	4.10	2.89	3.05	2.35	3.86
Price to Revenue (P/Rev)	2.27	2.45	2.44	2.05	1.89	1.17	0.89	0.65	0.70	0.40	0.64
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	20.98	14.41	15.02	15.01	21.30	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	4.77%	6.94%	6.66%	6.66%	4.70%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.92	2.06	1.93	1.69	1.58	1.12	0.96	0.82	0.85	0.86	1.04
Enterprise Value to Revenue (EV/Rev)	2.75	2.92	3.07	2.66	2.50	1.80	1.60	1.35	1.42	1.17	1.40
Enterprise Value to EBITDA (EV/EBITDA)	42.57	45.95	43.49	34.81	12.22	9.28	9.38	8.71	10.10	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	145.15	169.79	129.92	91.44	15.96	12.40	13.50	13.48	17.05	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	207.36	242.55	185.60	130.63	21.07	16.02	17.77	17.75	20.30	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	17.09	18.49	95.12	78.27	60.31	43.80	10.94	10.29	13.87	29.32	26.02
Enterprise Value to Free Cash Flow (EV/FCFF)	37.88	131.48	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	46.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.49	0.48	0.62	0.60	0.60	0.61	0.69	0.70	0.70	1.17	1.17
Long-Term Debt to Equity	0.48	0.46	0.60	0.58	0.57	0.59	0.69	0.70	0.69	1.15	1.15
Financial Leverage	0.48	0.44	0.53	0.50	0.52	0.52	0.63	0.62	0.62	0.80	0.84
Leverage Ratio	1.82	1.79	1.79	1.78	1.88	1.86	1.90	1.91	1.91	2.15	2.19
Compound Leverage Factor	1.93	1.45	1.40	1.40	1.44	1.04	0.60	1.12	1.00	2.23	0.49
Debt to Total Capital	32.88%	32.21%	38.41%	37.53%	37.36%	38.01%	40.94%	41.29%	41.24%	53.87%	53.82%
Short-Term Debt to Total Capital	0.63%	0.69%	1.27%	1.36%	1.43%	1.49%	0.30%	0.37%	0.44%	0.61%	0.69%
Long-Term Debt to Total Capital	32.24%	31.52%	37.14%	36.17%	35.93%	36.52%	40.64%	40.92%	40.81%	53.26%	53.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.33%	2.48%	2.26%	2.28%	2.28%	2.28%	2.46%	2.65%	3.03%	4.13%	4.47%
Common Equity to Total Capital	64.79%	65.31%	59.32%	60.19%	60.36%	59.71%	56.59%	56.06%	55.73%	42.00%	41.71%
Debt to EBITDA	7.46	7.37	8.78	7.87	2.94	3.20	4.08	4.52	5.02	-3.42	-3.51
Net Debt to EBITDA	6.92	6.84	8.41	7.54	2.81	3.07	3.91	4.26	4.76	-3.23	-3.29
Long-Term Debt to EBITDA	7.32	7.22	8.49	7.59	2.83	3.07	4.05	4.48	4.97	-3.38	-3.46
Debt to NOPAT	36.34	38.92	37.46	29.54	5.07	5.52	7.73	9.21	10.09	-3.86	-3.92
Net Debt to NOPAT	33.71	36.08	35.90	28.30	4.85	5.30	7.41	8.67	9.57	-3.65	-3.68
Long-Term Debt to NOPAT	35.64	38.09	36.22	28.47	4.88	5.30	7.67	9.12	9.98	-3.81	-3.87
Altman Z-Score	1.88	2.32	2.42	2.15	1.99	1.46	1.22	1.08	1.12	0.03	0.90
Noncontrolling Interest Sharing Ratio	3.29%	3.35%	3.38%	3.33%	3.56%	3.67%	3.93%	4.09%	4.42%	5.79%	6.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.81	0.67	1.27	1.18	1.07	1.00	1.35	1.32	1.44	1.55	1.71
Quick Ratio	0.53	0.52	0.96	0.85	0.76	0.76	1.03	1.03	1.06	1.09	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-20	103	-366	-430	-760	-852	-501	-466	-467	-227	767
Operating Cash Flow to CapEx	107.67%	105.79%	-240.93%	111.80%	85.76%	57.41%	6.57%	88.32%	56.44%	-93.30%	102.24%
Free Cash Flow to Firm to Interest Expense	-0.98	0.00	-13.45	-14.74	-25.41	-28.33	-17.16	-13.27	-12.74	-5.79	20.00
Operating Cash Flow to Interest Expense	6.65	0.00	-11.81	5.87	5.45	3.88	0.39	3.80	2.00	-2.20	1.61
Operating Cash Flow Less CapEx to Interest Expense	0.47	0.00	-16.71	0.62	-0.91	-2.88	-5.59	-0.50	-1.54	-4.56	0.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.57	0.57	0.56	0.56	0.56	0.54	0.54	0.53	0.58	0.58
Accounts Receivable Turnover	8.43	8.56	8.17	8.32	8.36	8.68	8.06	8.10	8.02	8.22	7.76
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.41	1.39	1.37	1.34	1.29	1.23	1.18	1.16	1.13	1.11	1.11
Accounts Payable Turnover	11.56	12.06	11.34	10.58	9.48	8.70	9.55	9.02	9.16	9.50	10.64
Days Sales Outstanding (DSO)	43.29	42.62	44.68	43.89	43.64	42.05	45.26	45.09	45.54	44.40	47.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	31.56	30.28	32.18	34.49	38.48	41.96	38.24	40.45	39.86	38.40	34.29
Cash Conversion Cycle (CCC)	11.73	12.34	12.50	9.40	5.15	0.09	7.02	4.64	5.67	6.00	12.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,087	4,159	4,754	4,829	4,940	5,071	5,283	5,359	5,480	4,507	4,537
Invested Capital Turnover	0.69	0.70	0.66	0.67	0.69	0.68	0.63	0.63	0.63	0.69	0.69
Increase / (Decrease) in Invested Capital	-169	-30	467	533	853	912	529	531	540	-564	-747
Enterprise Value (EV)	7,855	8,548	9,193	8,142	7,798	5,681	5,059	4,372	4,647	3,867	4,735
Market Capitalization	6,481	7,171	7,305	6,266	5,889	3,683	2,817	2,090	2,287	1,309	2,157
Book Value per Share	$29.43	$30.17	$31.37	$31.83	$32.64	$33.09	$32.74	$33.41	$33.79	$21.13	$21.24
Tangible Book Value per Share	$4.48	$5.23	$5.82	$6.66	$7.47	$7.95	$7.39	$7.84	$8.11	$6.03	$6.05
Total Capital	4,187	4,259	4,831	4,906	5,023	5,148	5,375	5,491	5,599	4,641	4,695
Total Debt	1,377	1,372	1,856	1,841	1,877	1,957	2,201	2,267	2,309	2,500	2,527
Total Long-Term Debt	1,350	1,343	1,794	1,775	1,805	1,880	2,184	2,247	2,285	2,472	2,494
Net Debt	1,277	1,272	1,778	1,764	1,794	1,881	2,109	2,136	2,190	2,367	2,368
Capital Expenditures (CapEx)	128	110	133	153	190	203	175	151	130	92	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-234	-361	113	88	32	0.08	91	57	136	184	222
Debt-free Net Working Capital (DFNWC)	-135	-261	190	165	114	76	182	188	254	317	380
Net Working Capital (NWC)	-161	-290	128	99	43	-0.43	166	168	230	289	348
Net Nonoperating Expense (NNE)	26	14	22	22	22	27	20	27	35	386	16
Net Nonoperating Obligations (NNO)	1,277	1,272	1,778	1,764	1,794	1,881	2,109	2,136	2,190	2,367	2,368
Total Depreciation and Amortization (D&A)	34	36	37	37	39	41	48	50	49	47	54
Debt-free, Cash-free Net Working Capital to Revenue	-8.19%	-12.31%	3.76%	2.88%	1.03%	0.00%	2.87%	1.76%	4.16%	5.56%	6.58%
Debt-free Net Working Capital to Revenue	-4.71%	-8.90%	6.35%	5.41%	3.66%	2.42%	5.76%	5.83%	7.79%	9.58%	11.28%
Net Working Capital to Revenue	-5.64%	-9.89%	4.29%	3.23%	1.36%	-0.01%	5.25%	5.20%	7.04%	8.72%	10.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.39)	$0.63	$0.84	$0.86	$0.74	$0.35	$0.09	$0.33	$0.40	($12.98)	$0.05
Adjusted Weighted Average Basic Shares Outstanding	91.17M	90.95M	91.36M	91.63M	91.72M	91.62M	91.65M	90.33M	90.41M	90.71M	90.53M
Adjusted Diluted Earnings per Share	($2.39)	$0.64	$0.83	$0.85	$0.74	$0.36	$0.09	$0.33	$0.40	($12.98)	$0.05
Adjusted Weighted Average Diluted Shares Outstanding	91.17M	90.95M	92.01M	92.04M	92.19M	92.06M	92.04M	90.44M	90.58M	90.71M	90.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	92.22M	92.29M	92.77M	92.87M	92.89M	92.91M	92.12M	92.35M	92.26M	92.21M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	94	100	103	108	107	86	53	108	115	-671	59
Normalized NOPAT Margin	12.53%	13.45%	13.37%	13.61%	13.07%	11.13%	6.86%	12.42%	13.45%	-81.70%	7.08%
Pre Tax Income Margin	-38.30%	10.77%	12.87%	13.37%	12.08%	4.91%	1.75%	5.75%	4.70%	-142.36%	1.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-13.07	0.00	4.63	4.65	4.29	2.26	1.46	2.42	2.09	-28.84	1.29
NOPAT to Interest Expense	-9.15	0.00	3.69	3.53	3.11	2.00	0.98	1.84	2.00	-20.19	0.52
EBIT Less CapEx to Interest Expense	-19.24	0.00	-0.27	-0.60	-2.06	-4.50	-4.52	-1.88	-1.45	-31.20	-0.28
NOPAT Less CapEx to Interest Expense	-15.32	0.00	-1.21	-1.72	-3.25	-4.76	-5.00	-2.46	-1.54	-22.55	-1.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-28.35%	-32.61%	-177.65%	121.08%	1.58%	1.12%	1.00%	2.28%	3.26%	-0.36%	-0.35%
Augmented Payout Ratio	-430.63%	-315.70%	-177.65%	123.67%	1.57%	1.12%	26.06%	37.67%	48.69%	-4.94%	-0.71%

Financials Breakdown Chart

Key Financial Trends

Here are the most important trends for Acadia Healthcare (ACHC) across the last four years, based on quarterly income statements, cash flow statements, and balance sheets. The items below are organized to highlight positives first, then neutral observations, and finally potential negatives.

Strong mid-2025 revenue momentum: 2025 Q2 operating revenue reached $869.2 million, the strongest quarterly level in the recent period (vs. prior year levels in the low-to-mid $700s millions).
Positive quarterly profitability through Q1–Q3 2025: Net income attributable to common shareholders was positive in three consecutive quarters (Q1: +$66.0M, Q2: +$30.1M, Q3: +$36.2M), signaling improving profitability before the year-end items.
Operating cash flow showing cash generation in early 2025: Net cash from continuing operating activities was positive in the first three quarters of 2025 (Q1: +$114.8M, Q2: +$133.5M, Q3: +$73.2M).
Gross margin staying in the mid‑40s range: 2025 gross margin remained solid in the low-to-mid 40% range (for example, Q4 2025 gross margin around 43.8% and Q3 2025 around 45.8%).
Balance sheet supports growth and capitalization: Total assets rose to about $6.41B and total equity around $3.12B by Q3 2025, reflecting a solid capital base to support operations.
Financing flexibility evidenced by 2025 debt issuance: In Q4 2025 Acadia issued about $194M in debt, with net financing cash flow of approximately $193.3M for that quarter, indicating access to capital markets when needed.
Significant one-time, non-cash items in Q4 2025: Q4 2025 featured a large non-cash adjustment to net income (approximately $1.01B) alongside restructuring and other charges, suggesting material one-off items rather than ongoing operating dynamics.
Huge year-end GAAP loss in Q4 2025: Net income attributable to common shareholders plunged to about -$1.178B in Q4 2025 due to year-end charges, overshadowing earlier quarterly strength.
Near-term cash flow headwinds in Q4 2025: Net cash from continuing operating activities was negative in Q4 2025 (about -$86.3M), signaling a temporary cash-flow setback despite earlier positives.
Debt and liabilities remain sizable concerns: Long-term debt around $2.28B and total liabilities near $3.12B (as of 2025) indicate a relatively high leverage position that could pressure future margins and financial flexibility.

05/06/26 02:04 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Acadia Healthcare's Financials

When does Acadia Healthcare's financial year end?

According to the most recent income statement we have on file, Acadia Healthcare's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Acadia Healthcare's net income changed over the last 10 years?

Acadia Healthcare's net income appears to be on an upward trend, with a most recent value of -$1.09 billion in 2025, falling from $111.48 million in 2015. The previous period was $264.48 million in 2024. Check out Acadia Healthcare's forecast to explore projected trends and price targets.

What is Acadia Healthcare's operating income?

Acadia Healthcare's total operating income in 2025 was -$925.81 million, based on the following breakdown:

Total Gross Profit: $1.49 billion
Total Operating Expenses: $2.42 billion

How has Acadia Healthcare's revenue changed over the last 10 years?

Over the last 10 years, Acadia Healthcare's total revenue changed from $1.83 billion in 2015 to $3.31 billion in 2025, a change of 81.1%.

How much debt does Acadia Healthcare have?

Acadia Healthcare's total liabilities were at $3.39 billion at the end of 2025, a 22.4% increase from 2024, and a 30.9% increase since 2015.

How much cash does Acadia Healthcare have?

In the past 10 years, Acadia Healthcare's cash and equivalents has ranged from $11.22 million in 2015 to $378.70 million in 2020, and is currently $133.24 million as of their latest financial filing in 2025.

How has Acadia Healthcare's book value per share changed over the last 10 years?

Over the last 10 years, Acadia Healthcare's book value per share changed from 23.48 in 2015 to 21.13 in 2025, a change of -10.0%.

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Financial statements for NASDAQ:ACHC last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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