Acadia Healthcare
Operates U.S.-focused behavioral-health facilities across the continuum of care.
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Profile
Operates behavioral-health facilities for high-acuity and complex-needs patients, from inpatient psychiatric hospitals to outpatient clinics. A U.S.-focused network, it grows through facility development, acquisitions, joint ventures, and continuum-of-care expansion.
Runs a U.S.-focused network of behavioral-health facilities spanning inpatient psychiatric hospitals, specialty treatment facilities, residential treatment centers, and outpatient clinics. Its service model targets high-acuity and complex-needs patients across care settings.
Expansion follows facility development and acquisitions, existing-site expansion, joint ventures, de novo facilities, and continuum-of-care growth. The company exited its former UK Priory operations, leaving a domestic platform across the United States and Puerto Rico.
Care delivery, admissions, length of stay, and billing practices are subject to regulatory scrutiny. A civil settlement resolved allegations without an admission of liability, and the company has disclosed a grand-jury subpoena concerning acute-care practices.
Company facts
Key statistics
Year to date +99.9% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 30, 2026 | Guggenheim | Reiterate | Buy | $38 | $39 | |
| Jul 30, 2026 | Barclays | Reiterate | Equal Weight | $25 | $32 | |
| Jul 20, 2026 | Guggenheim | Reiterate | Buy | $31 | $38 | |
| Jul 14, 2026 | KeyBanc | Reiterate | Overweight | $30 | $40 | |
| Jul 9, 2026 | UBS | Reiterate | Buy | $31 | $39 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.35 | $0.38 | +9.7% | $844.2M | $865.8M | +2.6% | −16.34% |
| Apr 29, 2026Q1 FY26 | $0.28 | $0.37 | +32.1% | $823.5M | $828.8M | +0.6% | −8.35% |
| Feb 25, 2026Q4 FY25 | $0.03 | $0.07 | +133.3% | $800.1M | $821.5M | +2.7% | +6.96% |
| Nov 5, 2025Q3 FY25 | $0.68 | $0.72 | +5.9% | $848.5M | $851.6M | +0.4% | −2.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $770.5M | $869.2M | $851.6M | $821.5M | $828.8M | $865.8M | |
| Gross profit | $251.2M | $840.7M | $821.2M | $96.0M | $137.0M | $143.5M | |
| Operating income | $13.5M | $142.3M | $119.5M | $47.6M | $83.8M | $87.8M | |
| Net income | $8.4M | $30.1M | $36.2M | −$1.18B | $4.1M | $10.9M | |
| Diluted EPS | $0.09 | $0.33 | $0.40 | −$13.02 | $0.05 | $0.12 | |
| Gross margin | 32.6% | 96.7% | 96.4% | 11.7% | 16.5% | 16.6% | |
| Operating margin | 1.7% | 16.4% | 14.0% | 5.8% | 10.1% | 10.1% |
Fiscal years (4-quarter sums)FY21 $2.31B · FY22 $2.61B · FY23 $2.93B · FY24 $3.15B · FY25 $3.31B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $171.3M · Total debt $2.56B · Total assets $5.55B · Shareholders' equity $1.98B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 93.10M · Float 86.27M · 92.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 14.96M | 16.07% | 13F | Aug 7, 2026 |
| Eric Khrom | 8.13M | 8.81% | 13D | Jan 23, 2026 |
| Wellington Management Group LLP | 5.73M | 6.15% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 5.37M | 5.77% | 13F | Aug 13, 2026 |
| Khrom Investments Fund, LP | 5.19M | 5.65% | 13G | May 15, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Universal Health Services
Large facility-network peer in behavioral health care
- LifeStance Health
Large national outpatient mental-health provider
- HCA Healthcare
7 behavioral hospitals with psychiatric and SUD programs
- Teladoc Health
Virtual behavioral-care peer through BetterHelp
- Talkspace
Virtual therapy, psychiatry, and medication-management provider
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Acadia Healthcare | $28.55 | −0.04% | $2.66B | — | 17.2 | 0.8 | −0.4% |
| Universal Health Services | $172.00 | +0.09% | $10.39B | 7.0 | 7.4 | 0.6 | +8.3% |
| LifeStance Health | $12.36 | +0.49% | $4.77B | 94.9 | 56.0 | 3.0 | +26.1% |
| HCA Healthcare | $417.82 | −0.00% | $90.46B | 14.0 | 13.6 | 1.2 | +8.7% |
| Teladoc Health | $6.50 | 0.00% | $1.18B | — | — | 0.5 | −4.0% |
| Talkspace | $5.25 | 0.00% | $879.4M | — | 31.8 | 3.6 | +13.6% |
| Median | 14.0 | 22.7 | 1.2 | +8.7% |