HANGER, INC.
Healthcare · Services-Specialty Outpatient Facilities, NEC · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $1.12B | $233.7M | $236.4M | $1.05B | $1.04B | $1.04B |
| Operating income | $72.7M | −$9.2M | −$2.0M | $59.6M | −$18.9M | −$71.3M |
| Net income | $42.0M | −$15.7M | −$7.0M | −$858,000 | −$104.7M | −$106.5M |
| Total assets | $998.1M | $950.8M | $842.3M | $703.0M | $640.4M | $913.9M |
| Total liabilities | $888.0M | $899.8M | $832.7M | $724.9M | $668.5M | $765.8M |
| Equity | $110.2M | $51.0M | $9.5M | −$21.9M | −$28.1M | $65.4M |
| EPS (diluted) | $1.07 | $-0.42 | $-0.19 | $-0.02 | $-2.89 | — |
| Shares out. | 38.1M | 37.4M | 36.9M | 36.7M | 36.2M | 35.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- 6.5%
- Net margin
- 3.7%
- Return on equity
- 38.1%
- Return on assets
- 4.2%
- Return on capital (ROCE)
- 9.4%
- Liabilities / assets
- 89.0%
- Debt / equity
- 8.06×
- Book value / share
- $2.89
- Revenue growth (YoY)
- 379.4%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- 0.40distress
- Accruals / assets
- 0.6%clean
- Piotroski F-Score
- 6/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 1 warning● 5 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 11, 2018
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2018
- NT 10-Qmissed a reporting deadline ↗Nov 9, 2017
- NT 10-Qmissed a reporting deadline ↗Aug 9, 2017
- NT 10-Qmissed a reporting deadline ↗May 8, 2017
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2017
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Sullivan Kathryn MDirector | Oct 3, 2022 | D | 62,026 | $18.75 |
| Pettingill RichardDirector | Oct 3, 2022 | D | 78,135 | $18.75 |
| Jones Mark MDirector | Oct 3, 2022 | D | 20,594 | $18.75 |
| Ahmad AsifDirector | Oct 3, 2022 | D | 70,837 | $18.75 |
| Lucchese Cynthia LDirector | Oct 3, 2022 | D | 67,851 | $18.75 |
| Hare Stephen EDirector | Oct 3, 2022 | D | 107,009 | $18.75 |
| Begley Christopher BDirector | Oct 3, 2022 | D | 76,414 | $18.75 |
| Freyman Thomas CDirector | Oct 3, 2022 | D | 43,561 | $18.75 |
| Fox John TDirector | Oct 3, 2022 | D | 43,561 | $18.75 |
| Adams Gabrielle B.Officer — Vice President Accounting | Oct 3, 2022 | Gift | 2,442 | $0.00 |
| Asar Vinit KOfficer — President and CEO | Oct 3, 2022 | Gift | 10,597 | $0.00 |
| Dobson Mitchell DOfficer — SVP, Chief Compliance Officer | Oct 3, 2022 | D | 33,745 | $18.75 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventOct 3, 2022
- Shareholder vote · Other material eventSep 30, 2022
- Other material eventSep 20, 2022
- Results of operationsAug 8, 2022
- Entered a material agreementJul 22, 2022
- Other material eventJul 21, 2022
- Shareholder voteMay 20, 2022
- Results of operationsMay 4, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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