AdaptHealth profit margin AHCO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.
- Net margin, 12 months
- −7.1%
- Operating margin, 12 months
- −4.5%
- Net margin on a year earlier
- −9.7 pts
- Peer median
- 5.4%
Over the twelve months to Jun 30, 2026, AdaptHealth kept −7.1% of its revenue as net profit, with an operating margin of −4.5% and a gross margin of 17.0%.
Five years earlier its net margin was −3.3%.
The median for 10 hospital and care facility stocks of a similar size is 5.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −2.3% | 2.5% | 19.0% |
| FY2024 | 2.8% | 8.1% | 20.9% |
| FY2023 | −21.2% | −18.7% | 15.0% |
| FY2022 | 2.3% | 6.4% | 14.1% |
| FY2021 | 6.4% | 9.2% | 18.2% |
| FY2020 | −15.3% | 6.8% | 14.9% |
| FY2019 | −3.2% | 5.5% | 16.8% |
| FY2018 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −7.1% | −9.7 pts | −4.5% | |
| Q1 FY26 | −2.5% | −5.2 pts | 1.9% | |
| Q4 FY25 | −2.3% | −5.1 pts | 2.5% | |
| Q3 FY25 | 2.6% | +9.2 pts | 8.0% | |
| Q2 FY25 | 2.6% | +23.8 pts | 8.1% | |
| Q1 FY25 | 2.6% | +24.1 pts | 7.3% | |
| Q4 FY24 | 2.8% | +24.0 pts | 8.1% | |
| Q3 FY24 | −6.6% | +7.1 pts | −1.6% | |
| Q2 FY24 | −21.2% | −22.6 pts | −17.7% | |
| Q1 FY24 | −21.5% | −22.9 pts | −17.7% | |
| Q4 FY23 | −21.2% | −23.5 pts | −18.7% | |
| Q3 FY23 | −13.7% | −17.0 pts | −11.3% |
Against its peers
Companies in Medical - Care Facilities nearest AdaptHealth's size, closest first, today.
| Company | Profit margin |
|---|---|
| AHCOAdaptHealth | −7.1% |
| OMDAOmada Health | 1.4% |
| SBCSBC Medical | 28.0% |
| USPHU S Physical Therapy | 4.0% |
| PNTGPennant | 2.9% |
| ARDTArdent Health | 1.2% |
| HCSGHealthcare Services | 6.6% |
| VMDViemed Healthcare | 4.8% |
| PGNYProgyny | 6.0% |
| ADUSAddus HomeCare | 7.1% |
| MDPediatrix Medical | 9.0% |
| Peer median | 5.4% |
Where AdaptHealth ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on AdaptHealth
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.