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QIPT
Upturn stock rating

Quipt Home Medical Corp (QIPT)

Upturn stock rating
$2.53
Last Close (24-hour delay)
Profit since last BUY-3.44%
upturn advisory
WEAK BUY
BUY since 36 days
  • BUY Advisory
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  • SELL Advisory (Loss)​
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
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Upturn Advisory Summary

10/15/2025: QIPT (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

5 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $3.6

1 Year Target Price $3.6

Analysts Price Target For last 52 week
$3.6 Target price
52w Low $1.35
Current$2.53
52w High $3.27

Analysis of Past Performance

Type Stock
Historic Profit -62.66%
Avg. Invested days 21
Today’s Advisory WEAK BUY
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/15/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 106.08M USD
Price to earnings Ratio -
1Y Target Price 3.6
Price to earnings Ratio -
1Y Target Price 3.6
Volume (30-day avg) 5
Beta 0.28
52 Weeks Range 1.35 - 3.27
Updated Date 10/17/2025
52 Weeks Range 1.35 - 3.27
Updated Date 10/17/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.24

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -4.23%
Operating Margin (TTM) -4.41%

Management Effectiveness

Return on Assets (TTM) -1.04%
Return on Equity (TTM) -9.51%

Valuation

Trailing PE -
Forward PE 56.82
Enterprise Value 195290817
Price to Sales(TTM) 0.45
Enterprise Value 195290817
Price to Sales(TTM) 0.45
Enterprise Value to Revenue 0.82
Enterprise Value to EBITDA 4.09
Shares Outstanding 43443972
Shares Floating 34533179
Shares Outstanding 43443972
Shares Floating 34533179
Percent Insiders 15.27
Percent Institutions 48.18

ai summary icon Upturn AI SWOT

Quipt Home Medical Corp

stock logo

Company Overview

overview logo History and Background

Quipt Home Medical Corp. was founded in 2015. It has grown through acquisitions and organic growth, focusing on providing home medical equipment and respiratory care services. The company aims to improve patient outcomes and reduce healthcare costs.

business area logo Core Business Areas

  • Respiratory Equipment: Provision of oxygen concentrators, ventilators, BiPAP, and CPAP devices for patients with respiratory conditions such as COPD, sleep apnea, and other respiratory disorders.
  • Home Medical Equipment (HME): Supply of durable medical equipment (DME) including wheelchairs, walkers, hospital beds, and other mobility and support equipment for home use.
  • Home Sleep Testing (HST): Administering and interpreting home-based sleep studies to identify and diagnose sleep disorders.

leadership logo Leadership and Structure

The leadership team includes Greg Crawford (Chairman and CEO) and Hardik Shah (CFO). The organizational structure is designed to support regional operations and centralized support functions like billing and compliance.

Top Products and Market Share

overview logo Key Offerings

  • CPAP/BiPAP Machines: These are used for sleep apnea treatment. Quipt provides equipment and ongoing support. Market share data is not publicly available at a granular level. Competitors include ResMed, Philips Respironics (although Philips had recalls) and Fisher & Paykel Healthcare. Revenue attributed to this product stream is a significant portion of their respiratory revenue.
  • Oxygen Concentrators: Used for patients with COPD and other respiratory ailments needing supplemental oxygen at home. Market share data is not publicly available at a granular level. Competitors include Inogen, Invacare, and CAIRE. Revenue attributed to this product stream is a significant portion of their respiratory revenue.
  • Mobility Equipment: Includes wheelchairs, walkers, and other devices to assist patients with mobility issues. Market data is highly fragmented. Competitors include Medline Industries, Drive DeVilbiss Healthcare, and Invacare. Market share data is not publicly available at a granular level.

Market Dynamics

industry overview logo Industry Overview

The home medical equipment industry is driven by an aging population, increasing prevalence of chronic diseases, and a shift towards home-based healthcare. The industry is highly regulated and subject to reimbursement pressures.

Positioning

Quipt Home Medical Corp positions itself as a provider of comprehensive home medical equipment and respiratory care services, focusing on customer service and clinical expertise. They aim to leverage technology to improve efficiency and patient outcomes.

Total Addressable Market (TAM)

The global home healthcare market is expected to reach hundreds of billions of dollars. Quipt is positioned to capture a segment of the respiratory and durable medical equipment portion of this market. The TAM is fragmented geographically and by product category.

Upturn SWOT Analysis

Strengths

  • Strong regional presence
  • Comprehensive product and service offerings
  • Focus on respiratory care
  • Experienced management team
  • Acquisition expertise

Weaknesses

  • Dependence on reimbursement rates
  • Integration risks from acquisitions
  • Competition from larger players
  • Geographic concentration in some regions

Opportunities

  • Expanding into new geographic markets
  • Increasing penetration of existing markets
  • Acquiring smaller competitors
  • Developing new products and services
  • Growing demand for home healthcare

Threats

  • Changes in reimbursement policies
  • Increased competition
  • Product recalls
  • Economic downturn
  • Supply chain disruptions

Competitors and Market Share

competitor logo Key Competitors

  • AMN Healthcare Services Inc. (AMN)
  • AdaptHealth Corp. (AHCO)
  • LHC Group (LHCG)

Competitive Landscape

Quipt is a smaller player compared to some of its larger competitors. Its advantages include its focus on respiratory care and its acquisition strategy. Its disadvantages include its smaller scale and dependence on reimbursement rates.

Major Acquisitions

NorCal Respiratory Services

  • Year: 2022
  • Acquisition Price (USD millions): 6.5
  • Strategic Rationale: Expanded Quipt's presence in Northern California and added respiratory therapy expertise.

Medequip Biomedical

  • Year: 2023
  • Acquisition Price (USD millions): 4
  • Strategic Rationale: Expanded market share

Growth Trajectory and Initiatives

Historical Growth: Quipt has experienced significant growth in recent years, primarily through acquisitions and organic growth in its core markets.

Future Projections: Analyst estimates project continued revenue growth driven by the aging population and demand for home healthcare services. Profitability is expected to improve as the company realizes synergies from acquisitions.

Recent Initiatives: Recent initiatives include expanding into new markets, integrating acquired companies, and investing in technology to improve efficiency.

Summary

Quipt Home Medical Corp. is a growing player in the home medical equipment and respiratory care market, driven by acquisitions and organic growth. The company's focus on respiratory care and customer service provides a competitive advantage. However, the company faces risks related to reimbursement rates, competition, and integration of acquisitions. Future growth will depend on its ability to execute its acquisition strategy and manage costs effectively.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC filings
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market share data is based on estimates and may not be precise.

Upturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Quipt Home Medical Corp

Exchange NASDAQ
Headquaters Wilder, KY, United States
IPO Launch date 2021-05-27
Chairman, President & CEO Mr. Gregory J. Crawford
Sector Healthcare
Industry Medical Distribution
Full time employees 1150
Full time employees 1150

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers; invasive ventilation; and home medical equipment, such as stair lifts, ramps, bath safety equipment, daily living, and ambulatory, as well as home modification solutions. It also engages in the rental and sale of medical equipment and related devices. In addition, the company offers solutions that supports patients dealing with heart and pulmonary disease, sleep apnea, reduced mobility, COPD, neuromuscular disorders, obesity, and other chronic health conditions. The company was formerly known as Protech Home Medical Corp. and changed its name to Quipt Home Medical Corp. in May 2021. Quipt Home Medical Corp. is headquartered in Wilder, Kentucky.