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AHCO · Nasdaq · United States · Services-Home Health Care Services
In shortAdaptHealth Corp. is loss-making, generates cash and carries moderate debt, with revenue stable (−0.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.8% | 26/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -2.2% | 11/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -4.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 2.2% | 15/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.02× | 19/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.14× | 48/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.45× | 16/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.88× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.26 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.8% | 47/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 56.4% | 0/100 |
| Operating margin volatility | 11.6% | 4/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.0% | 33/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,455 | 2,971 | 3,200 | 3,261 | 3,245 |
| Cost of revenue | 2,009 | 2,390 | 2,576 | 2,580 | 2,636 |
| Gross profit | 446 | 580 | 624 | 681 | 609 |
| Operating income | 226 | 190 | (598) | 264 | 91 |
| Interest expense | 95 | 109 | 130 | 125 | 104 |
| Pre-tax income | 191 | 98 | (724) | 136 | (15) |
| Income tax | 33 | 25 | (49) | 41 | 51 |
| Net income | 156 | 69 | (679) | 90 | (71) |
| Diluted EPS | $0.67 | $0.33 | −$5.31 | $0.61 | −$0.52 |
| Diluted shares (millions) | 133 | 139 | 134 | 136 | 135 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of AdaptHealth Corp. are included in the Investor plan. Try free for 7 days →
0.26 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 4, 2026