Saturday 17 October 2026
Export AHCO’s income statement to Excel — free account
AdaptHealth Corp.
AHCO Healthcare Medical Devices
In the quarter to June 2026, revenue grew 12.7%, EPS fell 1,090.0%, free cash flow fell 128.6% and total debt rose 4.30%, each against the same quarter a year earlier. Operating cash flow growth for five consecutive years; insiders bought in the last twelve months.
6.02
0.37
−5.79%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 9.60 | 7.82 | 10.29 | 18.24 | 11.40 | 6.37 | 6.46 | 7.11 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | 10.00 | 12.77 | 39.76 | 41.58 | 27.48 | 22.94 | 11.90 | 11.63 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | 2,590 | 4,700 | 10,700 | 10,900 | 10,700 | 10,500 | 10,900 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.20 | 0.23 | 0.23 | 0.27 | 0.30 | 0.31 | 0.30 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 345 | 530 | 1,071 | 2,465 | 2,971 | 3,200 | 3,261 | 3,245 | ||||
| Gross margin, % | — | — | 15.03 | 16.79 | 16.07 | 18.51 | 19.53 | 19.50 | 20.89 | 18.77 | |||||
| EBT | — | 0 | 22 | (22) | (206) | 191 | 98 | (724) | 136 | (15) | |||||
| EBT margin, % | — | 0.00 | 6.44 | (4.13) | (19.24) | 7.75 | 3.30 | (22.62) | 4.17 | (0.47) | |||||
| Net income | — | 0 | 24 | (23) | (194) | 158 | 73 | (675) | 95 | (66) | |||||
| Depreciation | — | — | 50 | 64 | 90 | 267 | 356 | 1,219 | 384 | 516 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 0.00 | 29.02 | 23.48 | 20.40 | 19.52 | 22.14 | 23.85 | 24.38 | 24.01 | ||||
| Earnings | — | — | 2.05 | (1.00) | (3.70) | 1.12 | 0.47 | (5.06) | 0.62 | (0.52) | |||||
| Cash flow | — | 0.00 | 5.75 | 2.68 | 3.73 | 2.18 | 2.79 | 3.58 | 4.05 | 4.45 | |||||
| Capex | — | 0.00 | (0.84) | (0.95) | (0.76) | (1.61) | (2.92) | (2.52) | (2.25) | (2.83) | |||||
| Free cash flow | — | 0.00 | 4.91 | 1.73 | 2.97 | 0.57 | (0.13) | 1.07 | 1.80 | 1.62 | |||||
| Book value | — | 0.00 | 8.64 | (1.69) | 5.35 | 16.36 | 16.08 | 10.93 | 11.80 | 11.29 | |||||
| Shares, m | — | 31 | 12 | 23 | 52 | 126 | 134 | 134 | 134 | 135 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 4.81 | 0.00 | 0.00 | 21.84 | 40.29 | 0.00 | 15.61 | 0.00 | ||||
| P/S | — | — | 0.00 | 0.47 | 1.84 | 1.25 | 0.87 | 0.30 | 0.39 | 0.41 | |||||
| P/B | — | — | 1.14 | 0.00 | 7.02 | 1.49 | 1.20 | 0.66 | 0.81 | 0.88 | |||||
| EV/Sales | — | — | 0.00 | 1.08 | 2.48 | 2.09 | 1.60 | 0.96 | 0.97 | 0.93 | |||||
| EV/FCF | — | — | 3.31 | 14.68 | 17.04 | 71.07 | (270.04) | 21.42 | 13.15 | 13.71 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | 68 | 60 | 196 | 276 | 374 | 481 | 542 | 602 | ||||
| Capex | — | — | (10) | (21) | (40) | (203) | (391) | (337) | (301) | (382) | |||||
| Free cash flow | — | — | 58 | 39 | 156 | 72 | (18) | 143 | 241 | 219 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 0 | (45) | 27 | (59) | 170 | 129 | 112 | 189 | 17 | ||||
| Total debt | — | 0 | 134 | 403 | 785 | 2,204 | 2,192 | 2,171 | 2,006 | 1,769 | |||||
| Net debt | — | 0 | 109 | 326 | 685 | 2,054 | 2,146 | 2,094 | 1,896 | 1,663 | |||||
| Shareholders’ equity | — | 0 | 103 | (38) | 281 | 2,067 | 2,158 | 1,467 | 1,578 | 1,526 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 0.00 | 12.60 | (4.66) | (13.70) | 4.01 | 1.21 | (13.96) | 2.01 | (1.61) | ||||
| ROIC | — | 0.00 | 9.17 | 6.38 | 4.62 | 3.42 | 2.77 | (10.50) | 4.74 | 1.78 | |||||
| ROE | — | 0.00 | 45.26 | (66.05) | (133.20) | 12.08 | 3.00 | (37.46) | 5.94 | (4.56) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
AdaptHealth Corp. vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IART Integra LifeSciences Holdings Corporation | $1.1B | — (loss-making) | 26.1× | +0.76% (above 0%: growing) | n/m | +193.48% (above 0%: growing) | 52.47% | 4.61% | Compare |
| LMRI Lumexa Imaging Holdings, Inc. | $1.0B | — (loss-making) | 14.2× | +7.82% (above 0%: growing) | n/m | +257.54% (above 0%: growing) | 14.72% | 8.72% | Compare |
| PRCT PROCEPT BioRobotics Corporation | $1.0B | — (loss-making) | — (loss-making) | +19.34% (above 0%: growing) | n/m | −24.43% (below 0%: shrinking) | 66.01% | (28.98%) | Compare |
| QDEL QuidelOrtho Corporation | $953.9M | — (loss-making) | — (loss-making) | +2.77% (above 0%: growing) | n/m | −61.45% (below 0%: shrinking) | 43.26% | (3.46%) | Compare |
| BBNX Beta Bionics, Inc. | $933.8M | — (loss-making) | — (loss-making) | +37.76% (above 0%: growing) | n/m | −1.87% (below 0%: shrinking) | 59.04% | (79.90%) | Compare |
| SIBN SiBone | $892.3M | — (loss-making) | — (loss-making) | +15.18% (above 0%: growing) | n/m | +60.12% (above 0%: growing) | 79.54% | (8.58%) | Compare |
| AHCO AdaptHealth Corp. | $871.2M | — (loss-making) | 13.2× | +12.66% (above 0%: growing) | n/m | −128.56% (below 0%: shrinking) | 14.08% | (18.61%) | |
| INMD InMode Ltd. | $824.0M | 11.3× | 11.8× | −0.01% (below 0%: shrinking) | −30.95% (below 0%: shrinking) | −12.63% (below 0%: shrinking) | 74.82% | 12.82% | Compare |
| VREX VAREX IMAGING | $784.3M | 34.7× | 43.4× | +3.69% (above 0%: growing) | n/m | +757.14% (above 0%: growing) | 36.44% | 10.83% | Compare |
| Median of peers | $943.8M | — | 20.2× | +5.76% | — | +29.12% | 55.76% | 0.58% |
AdaptHealth Corp. (AHCO) key facts
- AdaptHealth Corp. (AHCO) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, AHCO traded at $6.02, a market capitalization of $871.2 million.
- Return on equity was −4.56% and debt-to-equity 1.38.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.91 (distress zone) for fiscal 2025.