AdaptHealth (AHCO) Gross Margin (2019 - 2026)
AdaptHealth (AHCO) posted quarterly Gross Margin of 13.6% for Q1 2026, down 188.0% year-over-year from 15.46% in Q1 2025, and down 33.14% quarter-over-quarter from 20.34% in Q4 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 for Q1 2026 stood at 13.6%, down from 20.34% in the prior quarter.
- The five-year high for Gross Margin was 35.47% in Q4 2023, with the low at 11.98% in Q1 2023.
- The 5-year median for Gross Margin is 19.32% (2025), against an average of 19.15%.
- The sharpest annual moves came in 2022 and 2024: Gross Margin surged 1549 bps in 2022, then plunged 1303 bps in 2024.
- AdaptHealth's Gross Margin stood at 31.23% in 2022, then gained by 14 bps to 35.47% in 2023, then sank by 37 bps to 22.44% in 2024, then retreated by 9 bps to 20.34% in 2025, then plunged by 33 bps to 13.6% in 2026.
- Business Quant data shows AHCO's Gross Margin at 13.6% in Q1 2026, 20.34% in Q4 2025, and 19.74% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.61 Bn | 194.01 Bn | 7.27 Bn | 57.71% |
| 2 | Stryker | 127.81 Bn | 124.34 Bn | 4.50 Bn | 68.27% |
| 3 | Medtronic | 119.04 Bn | 109.82 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 73.68 Bn | 73.14 Bn | 3.85 Bn | 70.71% |
| 5 | Edwards Lifesciences | 51.96 Bn | 47.71 Bn | 1.35 Bn | 77.46% |
| 6 | Dexcom | 34.36 Bn | 32.41 Bn | 830.00 Mn | 63.44% |
| 7 | GE HealthCare Technologies | 33.83 Bn | 31.72 Bn | 2.18 Bn | 41.17% |
| 8 | Koninklijke Philips | 26.36 Bn | 23.04 Bn | 4.55 Bn | 47.38% |
| 9 | Steris | 23.06 Bn | 22.58 Bn | 684.20 Mn | 45.84% |
| 10 | AdaptHealth | 741.17 Mn | 697.88 Mn | 104.21 Mn | 14.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.08% |
| 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% |