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AdaptHealth AHCO Operating Income

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Other financials

Income statement

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Revenue$819.8M+5.4%
Gross profit$111.5M-7.4%
Net income-$16.0M-123%
EPS (diluted)-$0.12-140%

Balance sheet

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Cash & equivalents$48.0M-10.6%
Total debt$2.0B-4.9%
Total equity$1.5B-3.9%
Total assets$4.4B-0.3%

Cash flow

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Operating cash flow$93.7M-1.9%
CapEx$121.2M+26.8%
Free cash flow-$27.5M-47,297%

Valuation

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Market cap$806.46M-39.5%
Enterprise value$2.76B-14.2%
P/S0.3×-0.2×

Profitability

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Gross margin18.3%-1.6pp
Operating margin8%+6.9pp
Net margin-2.4%-5.1pp
FCF margin5.8%-2.6pp

Returns & leverage

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Return on equity-5.2%-10.8pp
Debt / equity1.3×0.0×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by AdaptHealth in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: AdaptHealth’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030602
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
General and administrative expenses95,90886,854
Depreciation and amortization, excluding patient equipment depreciation10,10410,414
Total costs and expenses814,310754,712
Operating income5,48923,170
Interest expense, net25,59428,399
Loss before income taxes(20,105)(5,229)
Income tax (benefit) expense(5,232)850
Net loss(14,873)(6,079)

Item 1. Interim Consolidated Financial Statements (Unaudited)

FAQ

What is AdaptHealth's operating income?
AdaptHealth (AHCO) reported operating income of $5.49M in Q1 2026.
How has AdaptHealth's operating income changed year-over-year?
AdaptHealth's operating income decreased by 76.3% year-over-year, from $23.17M to $5.49M.
What is the long-term trend for AdaptHealth's operating income?
Over 3 years (2021 to 2024), AdaptHealth's operating income has grown at a 5.3% compound annual growth rate (CAGR), from $225.61M to $263.73M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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