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AHCO (AdaptHealth Corp.) Stock Financials & Earnings | Market Cap Arena
AHCO
AdaptHealth Corp.
Mkt Cap
$1B
Healthcare
·
Medical - Devices
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$2.8B
Net Income (TTM)
-$73M
EPS (TTM)
-$0.52
Free Cash Flow (TTM)
$219M
Gross Margin
6.5%
Op. Margin
7.8%
Net Margin
-2.6%
FCF Margin
7.7%
P/S Ratio (TTM)
0.5x
P/E Ratio (TTM)
—
YoY Rev Growth
+7.4%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$745M
$89M
$26M
Q2 23
$584M
-$90M
$54M
Q3 23
$584M
-$110M
-$461M
Q4 23
$1.5B
$779M
-$218M
Q1 24
$594M
-$41M
$51M
Q2 24
$595M
-$42M
$52M
Q3 24
$598M
-$84M
$63M
Q4 24
$857M
$328M
$98M
Q1 25
$580M
-$77M
$23M
Q2 25
$592M
-$54M
$79M
Q3 25
$820M
$152M
$66M
Q4 25
$846M
$162M
$54M
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.4x
31.0x
Q2 23
0.4x
31.0x
Q3 23
0.4x
—
Q4 23
0.4x
—
Q1 24
0.4x
—
Q2 24
0.4x
—
Q3 24
0.4x
—
Q4 24
0.5x
14.8x
Q1 25
0.5x
15.7x
Q2 25
0.5x
16.6x
Q3 25
0.5x
16.7x
Q4 25
0.5x
—
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$140M
$51M
Q2 23
$86M
$4M
Q3 23
$99M
$22M
Q4 23
$155M
$67M
Q1 24
$49M
-$39M
Q2 24
$198M
$117M
Q3 24
$144M
$85M
Q4 24
$150M
$73M
Q1 25
$96M
-$58K
Q2 25
$162M
$73M
Q3 25
$161M
$67M
Q4 25
$183M
$79M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$89M
Q2 23
$83M
Q3 23
$77M
Q4 23
$89M
Q1 24
$88M
Q2 24
$81M
Q3 24
$60M
Q4 24
$77M
Q1 25
$96M
Q2 25
$89M
Q3 25
$94M
Q4 25
$104M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+42.0%
+51.9%
Q2 23
+9.9%
+12.1%
Q3 23
+4.7%
+107.0%
Q4 23
+8.8%
+27.4%
Q1 24
-20.2%
-24.3%
Q2 24
+2.0%
+2.6%
Q3 24
+2.4%
-48.9%
Q4 24
-42.0%
-55.2%
Q1 25
-2.3%
+2.5%
Q2 25
-0.5%
-5.6%
Q3 25
+37.3%
+41.3%
Q4 25
-1.2%
+4.3%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$6M
0.8%
Q2 23
$7M
1.2%
Q3 23
$5M
0.8%
Q4 23
$5M
0.4%
Q1 24
$5M
0.8%
Q2 24
$5M
0.9%
Q3 24
$863K
0.1%
Q4 24
$4M
0.5%
Q1 25
$5M
0.9%
Q2 25
$6M
1.0%
Q3 25
$0
0.0%
Q4 25
$5M
0.6%
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OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
$48M
—
Q2 23
$50M
—
Q3 23
$38M
—
Q4 23
$47M
—
Q1 24
$89M
—
Q2 24
$99M
—
Q3 24
$41M
—
Q4 24
$226M
—
Q1 25
$87M
—
Q2 25
$97M
—
Q3 25
—
$86M
Q4 25
$108M
—
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$101M
$0
$101M
Q2 23
$45M
$0
$45M
Q3 23
$56M
$0
$56M
Q4 23
$77M
$0
$77M
Q1 24
$80M
$0
$80M
Q2 24
$70M
$0
$70M
Q3 24
$100M
$0
$100M
Q4 24
$110M
$0
$110M
Q1 25
$54M
$0
$54M
Q2 25
$69M
$0
$69M
Q3 25
$80M
$0
$80M
Q4 25
$106M
$0
$106M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
136M
+1.4%
Q2 23
136M
+0.2%
Q3 23
135M
-0.9%
Q4 23
133M
-1.5%
Q1 24
133M
-0.1%
Q2 24
136M
+2.3%
Q3 24
137M
+0.4%
Q4 24
137M
+0.0%
Q1 25
135M
-1.3%
Q2 25
137M
+1.7%
Q3 25
137M
+0.1%
Q4 25
135M
-1.3%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 16
—
—
FY 17
—
—
FY 18
$173M
2
FY 19
$204K
3K
FY 20
$225K
5K
FY 21
$229K
11K
FY 22
$273K
11K
FY 23
$299K
11K
FY 24
$311K
11K
FY 25
$298K
11K
marketcaparena.com