AdaptHealth (AHCO) FCF Margin (2019 - 2026)
AdaptHealth's FCF Margin came in at 6.85% for Q3 2026, down 3.09 percentage points from 9.94% a year earlier but up 9.68 percentage points from the prior quarter.
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Analysis
AdaptHealth (AHCO) FCF Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, AdaptHealth reported FCF Margin of 2.29%, down 4.90 percentage points year-over-year; for FY2025, it was 6.76%, down 0.47 percentage points from FY2024.
- FCF Margin carries a five-year change of -7.99 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 7.23% in FY2024 (+2.76 pp), 4.47% in FY2023 (+5.07 pp), -0.59% in FY2022 (-3.54 pp) and 2.95% in FY2021 (-11.81 pp).
- The five-year range for quarterly FCF Margin is -5.89% (Q4 2022) to 14.48% (Q2 2024).
- Year-over-year, FCF Margin has declined for six consecutive quarters, with an average year-over-year change of -2.62 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q2 2024 (a gain of 14.01 percentage points), and the weakest in Q2 2026 (a drop of 13.99 percentage points).
- Business Quant data shows AHCO's FCF Margin at -2.83% (Q2 2026), -3.35% (Q1 2026) and 6.24% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | 15.64% |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 0.66% |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 10.82% |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 14.37% |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 19.23% |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -10.30% |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | -0.03% |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 4.33% |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 7.92% |
| 10 | AdaptHealth | 991.60 Mn | 713.52 Mn | 114.81 Mn | 6.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.85% |
| Jun 30, 2026 | -2.83% |
| Mar 31, 2026 | -3.35% |
| Dec 31, 2025 | 9.37% |
| Sep 30, 2025 | 8.15% |
| Jun 30, 2025 | 11.16% |
| Mar 31, 2025 | -0.01% |
| Dec 31, 2024 | 8.53% |
| Sep 30, 2024 | 10.53% |
| Jun 30, 2024 | 14.48% |
| Mar 31, 2024 | -4.90% |
| Dec 31, 2023 | 7.76% |
| Sep 30, 2023 | 2.70% |
| Jun 30, 2023 | 0.47% |
| Mar 31, 2023 | 6.87% |
| Dec 31, 2022 | -5.89% |
| Sep 30, 2022 | 1.70% |
| Jun 30, 2022 | 3.61% |
| Mar 31, 2022 | -1.52% |
| Dec 31, 2021 | 5.31% |
API Access
AdaptHealth FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AHCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();