INFU InfuSystem Holdings, Inc

Overview and Growth

Fiscal 2025 results for InfuSystem Holdings, Inc combined $143.44M of revenue with net income of $6.63M and an operating cash inflow of $24.41M. At $143.44M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 6.4% above fiscal 2024 revenue of $134.86M, marking a year-over-year increase. The company reported diluted EPS of $0.31, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $0.11 in fiscal 2024, the current result was 181.8% higher. The revenue-to-assets relationship was 1.43x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $80.30M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 56.0% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $11.92M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 8.3% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $6.63M for the fiscal year. Net margin was 4.6%, meaning that this portion of revenue remained as net income after all recognized expenses. The earnings statement records $10.62M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 7.4%, relating income before taxes directly to revenue. The reported income-tax provision was $4.00M, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 37.6%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

At period end, the $100.56M asset base was financed through $43.23M of liabilities and $57.33M of equity. At period end, current assets of $36.34M compared with current liabilities of $20.18M, defining the company’s short-term resource position. At 1.8x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $3.19M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 15.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $19.62M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 0.34x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 19.5% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 43.0%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 3.2% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $24.41M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 3.68x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $560.00K, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 2.3%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $23.85M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 16.6% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 23.7% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.