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MARKETS / NASDAQ / AHCO
NASDAQ · SERVICES-HOME HEALTH CARE SERVICES · LARGE CAP

AdaptHealth Corp. AHCO

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.2B
▼ 0.5% YoY
$-70.8M
▼ 178.3% YoY
$219.4M
▼ 7.0% YoY
In brief

What this company does

AdaptHealth delivers home medical equipment, medical supplies, and related healthcare-at-home services directly to a patient's home upon discharge from a hospital or receipt of a physician or medical referral. As of December 31, 2025, AdaptHealth serviced approximately 4.3 million patients annually in all 50 states through its network of approximately 640 locations in 48 states. As of December 31, 2025, it had approximately 10,900 employees. The Company operates under four reportable segments that align with its product categories: Sleep Health, Respiratory Health, Diabetes Health, and Wellness at Home. The Sleep Health segment provides sleep therapy equipment, supplies and related services, including continuous positive airway pressure and BiLevel services, to individuals for the treatment of obstructive sleep apnea. The Respiratory Health segment provides oxygen and home mechanical ventilation equipment and supplies and related chronic therapy services to individuals for the treatment of respiratory diseases, such as chronic obstructive pulmonary disease and chronic respiratory failure.

Written from the business description in AdaptHealth Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 3.2B
Revenue, FY2025 · full 8-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.2 · Net income -0.1
2.00B-0.25B-0.50B20182019202020212022202320242025
Compound annual growth
+3.0%
+25.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 2.8% · Net -2.0%
5%-10%-20%20182019202020212022202320242025
ROE
FY2025 · ROE -4.6%
200%400%-50%-100%20182019202020212022202320242025

Each USD of equity lost 5 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 219.4
80M160M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 0.0
-100M-200M2019202020212022202320242025

Total assetsUSD 4.3B
EquityUSD 1.5B
CashUSD 106.1M
Gross debtUSD 1.7B
Net debtUSD 1.6B
Current ratio1.02×

Net debt stands at 107% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B3.23.33.23.02.51.10.50.3
Operating income $B0.10.3−0.60.20.20.10.00.0
EBITDA $B0.50.6−0.20.50.50.20.10.1
Income tax $B0.10.0−0.00.00.0−0.00.0−0.0
Net income $B−0.10.1−0.70.10.2−0.2−0.00.0
Free cash flow $B0.20.20.1−0.00.10.20.00.1
EPS, diluted $−0.520.61−5.310.330.67−3.08−0.951.95
Dividend / sh $········
Payout %········
ROE %−4.66.0−37.63.312.9−102.3·465.2
Shares out B0.140.130.130.130.13··0.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Home Health Care Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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