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.

AdaptHealth AHCO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	12.7%-0.3pp	13.1%-6.5pp	19.6%+0.1pp	19.5%+0.9pp	18.6%-0.7pp
Free cash flow margin	5.8%-0.9pp	6.8%+0.2pp	6.5%-0.6pp	7.1%-1.3pp	8.5%+1.2pp
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 assets	-1.8%-0.2pp	-1.6%-3.5pp	1.9%0.0pp	1.8%-0.1pp	1.9%-0.1pp
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×
Inventory turnover	18.6×+0.5×	18.1×-0.5×	18.6×-0.6×	19.1×-2.7×	21.9×+1.5×
Liquidity
Current ratio	0.9×-0.1×	1×-0.1×	1.1×0.0×	1.1×-0.2×	1.3×0.0×
Quick ratio	0.7×-0.1×	0.8×0.0×	0.9×0.0×	0.8×-0.2×	1.1×0.0×
Cash ratio	0.1×-0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×-0.1×
Leverage
Debt-to-equity	1.3×+0.1×	1.3×+0.1×	1.2×-0.1×	1.2×-0.1×	1.3×0.0×
Debt-to-assets	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.5×0.0×
Net debt / EBITDA	4.7×+0.4×	4.2×+1.4×	2.9×-0.1×	3×—	——
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+20.4%	$1.35B+11.4%	$1.21B+2.4%	$1.18B-19.1%	$1.46B+14.1%
Enterprise value	$3.32B+4.2%	$3.15B+3.7%	$3.03B-1.0%	$3.06B-12.8%	$3.51B+6.4%
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×—	——
EV / sales	1×0.0×	1×0.0×	0.9×0.0×	0.9×-0.1×	1.1×+0.1×
Free cash flow yield	14.1%-10.2pp	16.3%-1.3pp	17.6%-2.0pp	19.6%+0.8pp	18.8%+0.4pp
Earnings yield	-5.8%-13.4pp	-5.2%-12.0pp	6.8%0.0pp	6.8%+1.0pp	5.8%-1.2pp

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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.