Viemed Healthcare, Inc. (VMD) Stock

Viemed Healthcare, Inc. (VMD) is a Healthcare stock trading at $9.09 (as of 2026-08-25), with a market capitalization of $348.48M and a trailing P/E of 30.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Viemed Healthcare, Inc., through its subsidiaries, provides in-home durable medical equipment (DME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD. The company also leases non-invasive and invasive ventilators, positive airway pressure machines (PAP), percussion vests, oxygen concentrator units, and other small respiratory equipment; and sells and rents DME and patient medical services. In addition, it provides neuromuscular care and oxygen therapy services; and sleep apnea management related solutions and/or equipment, such as PAP, automatic continuous positive airway pressure, and bi-level positive airway pressure machines. Further, the company offers in home sleep apnea testing services. Viemed Healthcare, Inc. was founded in 2006 and is headquartered in Lafayette, Louisiana.

Understand Viemed Healthcare, Inc.: how it makes money

Viemed rents and sells respiratory equipment (ventilators, PAP machines, pulse oximeters) to U.S. patients with breathing conditions, billing Medicare and commercial insurers. Revenue is recurring, driven by growing patient panels across sleep therapy and ventilator rentals rather than one-time sales.

Profit comes from the recurring resupply and rental cycle, not the initial equipment sale: once a patient is on a PAP machine or ventilator, they generate steady monthly revenue for years.

Business quality (Mixed): Mixed. Gross margin of 58% is healthy for DME, but the gap down to a 6% operating margin signals a heavy cost base (logistics, billing, SG&A) that limits earnings leverage as the company scales.

Valuation: At 30× earnings, VMD trades 19% above the Healthcare Services average (25×).

Bull case

  • 24% top-line growth is real: Quarterly revenue of $100M grew 24% year over year, reflecting a growing patient panel and broader service mix. At this rate, the company can compound its recurring base through the demographic tailwind of aging COPD and sleep-apnea populations.
  • Large, sticky patient base: The company tracks roughly 35,900 PAP therapy patients and about 12,100 active ventilator rental patients. Those cohorts produce monthly resupply and rental fees, giving revenue visibility that one-time equipment sellers lack.

Bear case

  • Trades at a premium to peers: The stock screens at 30.1x trailing earnings versus a 25.4x Healthcare Services industry average, a 19% premium. Unless growth accelerates past the 24% pace, the valuation leaves little room for execution stumbles.
  • Thin operating margin caps upside: Despite a 58% gross margin, Viemed converts only about 6% to operating profit. Every additional dollar of revenue must clear a high fixed-cost base, so scaling does not automatically deliver the margin expansion investors often expect from a growth stock.
Valuation — source: SEC EDGAR (first-party)
Price$9.09
Market Cap$348.48M
P/E Ratio30.1
EV / EBITDA9.9
Price / Book2.39
Price / Sales1.16
FCF Yield3.9%
DCF Value (model)$7.07
DCF Upside vs Price-22.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$270.28M
Net Margin5.5%
Revenue Growth (YoY)20.5%
EPS Growth (YoY)31.0%
FCF Growth (YoY)805.2%
Financial Health — source: SEC EDGAR
Altman Z-Score6.29 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E30.1
Sector P/E (Healthcare)21.9
Industry P/E (Healthcare Services)25.4
vs Sector37.3%
vs Industry18.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($42.57M)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryHealthcare Services
CEOCasey Hoyt
Employees1,222
CountryUS
IPO Date2019-08-09

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VMD earnings history · VMD institutional & insider holders · VMD KPIs & operating metrics · VMD financials · VMD investor presentations & press releases · VMD SEC filings · VMD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-25.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.