AdaptHealth AHCO Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.3%-1.6pp | 18.8%-2.1pp | 19.3%-5.0pp | 19.4%-3.3pp | 19.8%-1.5pp | |
| Net margin | -2.4%-5.1pp | -2.2%-5.0pp | 2.5%+9.1pp | 2.5%+23.7pp | 2.6%+24.1pp | |
| Returns | ||||||
| Return on equity | -5.2%-10.8pp | -4.6%-10.6pp | 5.2%+18.4pp | 5.2%+42.9pp | 5.6%+44.1pp | |
| Return on invested capital | 0.7%-3.9pp | 1.2%-3.8pp | 4.2%+5.6pp | 4.2%+18.5pp | 4.6%+18.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×+0.1× | 0.7×+0.1× | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.4× | 1×-0.3× | 1.1×-0.2× | 1.1×-0.1× | 1.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×0.0× | 1.3×-0.1× | 1.2×-0.3× | 1.2×-0.3× | 1.3×-0.3× | |
| Net debt / EBITDA | 4.7×+1.3× | 4.2×+1.0× | 2.9×-3.7× | 3×— | 3.4×— | |
| Per Share | ||||||
| Book value per share | $11.10-4.6% | $11.24-3.1% | $11.78+6.1% | $11.58+6.0% | $11.63+5.8% | |
| Valuation | ||||||
| Market capitalization | $1.62B+10.6% | $1.35B+5.3% | $1.21B-19.1% | $1.18B-11.1% | $1.46B-4.4% | |
| Price / sales | 0.5×0.0× | 0.4×0.0× | 0.4×-0.1× | 0.4×0.0× | 0.5×0.0× | |
| Price / book | 1.1×+0.1× | 0.9×+0.1× | 0.7×-0.2× | 0.7×-0.1× | 0.9×-0.1× | |
| EV / EBITDA | 8.5×+2.7× | 7.4×+2.2× | 4.8×-6.6× | 4.9×— | 5.8×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are AdaptHealth's profit margins?
- AdaptHealth (AHCO) runs a 18.3% gross margin and a 8.0% operating margin, with a -2.4% net margin.
- Where do AdaptHealth's ratios come from?
- Every ratio is computed from AdaptHealth's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
