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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	18.8%-2.1pp	20.9%+1.4pp	19.5%0.0pp	19.5%+1.4pp
Net margin	-2.2%-5.0pp	2.8%+24.0pp	-21.2%-23.6pp	2.4%-3.9pp
EBITDA margin	13.1%-6.2pp	19.3%+26.0pp	-6.7%-25.0pp	18.2%-1.5pp
Free cash flow margin	6.8%-0.5pp	7.2%+2.8pp	4.5%+5.1pp	-0.6%—
Returns
Return on equity	-4.6%-10.6pp	6%+43.6pp	-37.6%-41.0pp	3.4%-9.5pp
Return on assets	-1.6%-3.6pp	2%+16.0pp	-14%-15.3pp	1.4%-3.0pp
Return on invested capital	1.2%-3.8pp	5.1%+19.8pp	-14.8%-18.0pp	3.3%-3.7pp
Efficiency
Asset turnover	0.7×0.0×	0.7×+0.1×	0.7×+0.1×	0.6×-0.1×
Inventory turnover	18.1×-2.2×	20.4×-1.0×	21.3×+2.3×	19.1×-3.0×
Liquidity
Current ratio	1×-0.3×	1.3×+0.1×	1.2×-0.1×	1.3×-0.1×
Quick ratio	0.8×-0.3×	1.1×+0.1×	1×0.0×	1×-0.1×
Cash ratio	0.1×0.0×	0.2×0.0×	0.1×0.0×	0.1×-0.2×
Leverage
Debt-to-equity	1.3×-0.1×	1.4×-0.2×	1.6×+0.5×	1.1×-0.1×
Debt-to-assets	0.4×0.0×	0.5×0.0×	0.5×+0.1×	0.4×0.0×
Net debt / EBITDA	4.2×+1.0×	3.2×—	——	4.2×-0.4×
Per Share
Book value per share	$11.24-3.1%	$11.59+6.8%	$10.85-29.9%	$15.48-0.1%
Valuation
Market capitalization	$1.36B+20.5%	$1.28B+32.1%	$969.5M-62.2%	$2.56B-21.8%
Enterprise value	$3.32B+4.3%	$3.3B+3.6%	$3.19B-34.2%	$4.85B-11.9%
Price / sales	0.4×+0.1×	0.4×+0.1×	0.3×-0.6×	0.9×-0.5×
Price / book	0.9×+0.2×	0.8×+0.2×	0.7×-0.5×	1.2×-0.4×
EV / EBITDA	7.9×+2.7×	5.2×—	——	8.9×-2.4×
EV / sales	1×0.0×	1×0.0×	1×-0.6×	1.6×-0.6×
Free cash flow yield	14.1%-10.2pp	18.4%+3.6pp	14.8%+15.5pp	-0.7%—
Earnings yield	-5.8%-13.4pp	7.1%+77.1pp	-70%-72.8pp	2.8%-2.0pp

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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.