AdaptHealth AHCO Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.3%-0.5pp | 18.8%-0.6pp | 19.3%-0.1pp | 19.4%-0.4pp | 19.8%-1.0pp | |
| Net margin | -2.4%-0.2pp | -2.2%-4.7pp | 2.5%0.0pp | 2.5%-0.1pp | 2.6%-0.1pp | |
| Returns | ||||||
| Return on equity | -5.2%-0.6pp | -4.6%-9.8pp | 5.2%0.0pp | 5.2%-0.4pp | 5.6%-0.3pp | |
| Return on invested capital | 0.7%-0.5pp | 1.2%-3.0pp | 4.2%0.0pp | 4.2%-0.4pp | 4.6%-0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.1× | 1×-0.1× | 1.1×0.0× | 1.1×-0.2× | 1.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×+0.1× | 1.3×+0.1× | 1.2×-0.1× | 1.2×-0.1× | 1.3×0.0× | |
| Net debt / EBITDA | 4.7×+0.4× | 4.2×+1.4× | 2.9×-0.1× | 3×-0.4× | 3.4×+0.2× | |
| Per Share | ||||||
| Book value per share | $11.10-1.2% | $11.24-4.6% | $11.78+1.7% | $11.58-0.4% | $11.63+0.3% | |
| Valuation | ||||||
| Market capitalization | $1.36B+20.5% | $1.35B+11.4% | $1.21B+2.4% | $1.18B-19.1% | $1.46B+14.1% | |
| Price / sales | 0.4×+0.1× | 0.4×0.0× | 0.4×0.0× | 0.4×-0.1× | 0.5×+0.1× | |
| Price / book | 0.9×+0.2× | 0.9×+0.1× | 0.7×0.0× | 0.7×-0.2× | 0.9×+0.1× | |
| EV / EBITDA | 7.9×+2.7× | 7.4×+2.7× | 4.8×-0.1× | 4.9×-1.0× | 5.8×+0.6× |
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.
