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

	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
EBITDA margin	12.7%-5.9pp	13.1%-6.2pp	19.6%+9.9pp	19.5%+25.7pp	18.6%+24.5pp
Free cash flow margin	5.8%-2.6pp	6.8%-0.5pp	6.5%-0.5pp	7.1%+2.0pp	8.5%+6.8pp
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 assets	-1.8%-3.7pp	-1.6%-3.6pp	1.9%+6.5pp	1.8%+16.1pp	1.9%+16.1pp
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×
Inventory turnover	18.6×-3.3×	18.1×-2.2×	18.6×-1.2×	19.1×-2.0×	21.9×+1.0×
Liquidity
Current ratio	0.9×-0.4×	1×-0.3×	1.1×-0.2×	1.1×-0.1×	1.3×0.0×
Quick ratio	0.7×-0.4×	0.8×-0.3×	0.9×-0.1×	0.8×-0.1×	1.1×0.0×
Cash ratio	0.1×0.0×	0.1×0.0×	0.1×-0.1×	0.1×0.0×	0.1×-0.1×
Leverage
Debt-to-equity	1.3×0.0×	1.3×-0.1×	1.2×-0.3×	1.2×-0.3×	1.3×-0.3×
Debt-to-assets	0.5×0.0×	0.4×0.0×	0.4×-0.1×	0.4×0.0×	0.5×0.0×
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	$1.36B+20.5%	$1.35B+5.3%	$1.21B-19.1%	$1.18B-11.1%	$1.46B-4.4%
Enterprise value	$3.32B+4.3%	$3.15B-4.7%	$3.03B-15.1%	$3.06B-12.2%	$3.51B-7.5%
Price / sales	0.4×+0.1×	0.4×0.0×	0.4×-0.1×	0.4×0.0×	0.5×0.0×
Price / book	0.9×+0.2×	0.9×+0.1×	0.7×-0.2×	0.7×-0.1×	0.9×-0.1×
EV / EBITDA	7.9×+2.7×	7.4×+2.2×	4.8×-6.6×	4.9×—	5.8×—
EV / sales	1×0.0×	1×0.0×	0.9×-0.2×	0.9×-0.1×	1.1×-0.1×
Free cash flow yield	14.1%-10.2pp	16.3%-2.1pp	17.6%+2.3pp	19.6%+7.1pp	18.8%+15.3pp
Earnings yield	-5.8%-13.4pp	-5.2%-12.3pp	6.8%+21.1pp	6.8%+58.8pp	5.8%+51.4pp

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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.