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AdaptHealth AHCO Operating margin

Operating margin at other companies

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CVS HealthCVS
1.5%-1.1pp
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0.9%-0.1pp
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BrightSpring Health Services, Inc.BTSG
2.7%+1.1pp
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Aveanna Healthcare Holdings Inc.AVAH
10.9%+2.8pp
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The Pennant Group, Inc.PNTG
5.5%-0.1pp
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ResMedRMD
34.2%+2.1pp

Other financials

Income statement

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Revenue$819.8M+5.4%
Gross profit$111.5M-7.4%
Operating income$5.5M-76.3%
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$1.36B+10.6%
Enterprise value$3.32B+1.7%
P/S0.4×0.0×

Profitability

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Gross margin18.3%-1.6pp
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

Calculated from AdaptHealth’s reported figures.

Based on trailing twelve months.

The official record: AdaptHealth’s 10-Q, filed November 4, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is AdaptHealth's operating margin?
AdaptHealth (AHCO) reported operating margin of 8% in Q3 2025.
How has AdaptHealth's operating margin changed year-over-year?
AdaptHealth's operating margin increased by 607.2% year-over-year, from -1.6% to 8%.
What is the long-term trend for AdaptHealth's operating margin?
Over 4 years (2020 to 2024), AdaptHealth's operating margin has grown at a 4.6% compound annual growth rate (CAGR), from 6.8% to 8.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.