AdaptHealth (AHCO) Gross Margin (2019 - 2026)
AdaptHealth (AHCO) recorded quarterly Gross Margin of 13.6% in Q1 2026, down 33.14% quarter-over-quarter from 20.34% in Q4 2025, and down 188.0% on a YoY basis from 15.46% in Q1 2025.
AdaptHealth (AHCO) Gross Margin (2019 - 2026) Analysis & Trends
AdaptHealth's Gross Margin history runs 8 years deep, the most recent figure standing at 13.6% for Q1 2026.
- In Q1 2026, Gross Margin fell 188.0% year-over-year to 13.6%; the TTM figure through Mar 2026 stood at 18.26% (down 158.0% YoY), while the FY2025 annual figure was 18.77%, down 211.0% from the prior year.
- Gross Margin was 13.6% for Q1 2026 at AdaptHealth, down from 20.34% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 35.47% in Q4 2023 to a low of 11.98% in Q1 2023.
- Historically, Gross Margin has averaged 19.15% across 5 years, with a median of 19.32% in 2025.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 1549 bps in 2022, then sank 1303 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 31.23% in 2022, then advanced by 14 bps to 35.47% in 2023, then slumped by 37 bps to 22.44% in 2024, then decreased by 9 bps to 20.34% in 2025, then sank by 33 bps to 13.6% in 2026.
- The last three Gross Margin figures came in at 13.6% (Q1 2026), 20.34% (Q4 2025), and 19.74% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 43.89% |
| 10 | AdaptHealth | 1.30 Bn | 1.26 Bn | 111.50 Mn | 13.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.60% |
| Dec 31, 2025 | 20.34% |
| Sep 30, 2025 | 19.74% |
| Jun 30, 2025 | 19.32% |
| Mar 31, 2025 | 15.48% |
| Dec 31, 2024 | 22.44% |
| Sep 30, 2024 | 20.11% |
| Jun 30, 2024 | 21.01% |
| Mar 31, 2024 | 19.87% |
| Dec 31, 2023 | 35.47% |
| Sep 30, 2023 | 13.75% |
| Jun 30, 2023 | 15.11% |
| Mar 31, 2023 | 11.98% |
| Dec 31, 2022 | 31.23% |
| Sep 30, 2022 | 14.51% |
| Jun 30, 2022 | 16.16% |
| Mar 31, 2022 | 15.45% |
| Dec 31, 2021 | 15.74% |
| Sep 30, 2021 | 18.89% |
| Jun 30, 2021 | 20.47% |