AdaptHealth (AHCO) Gross Margin (2019 - 2026)
AdaptHealth's quarterly Gross Margin came in at 13.6% in Q1 2026, down 188.0% year-on-year from 15.46% in Q1 2025, and down 33.14% quarter-over-quarter from 20.34% in Q4 2025.
AdaptHealth has reported Gross Margin for 8 years, with the latest figure at 13.6% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 188.0% year-over-year to 13.6%; the trailing twelve-month figure through Mar 2026 stood at 18.26% (down 158.0% YoY), and the FY2025 full-year result 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.
- Average Gross Margin over 5 years is 19.15%, with a median of 19.32% recorded in 2025.
- Year-over-year, Gross Margin surged 1549 bps in 2022 and sank 1303 bps in 2024.
- Tracing AHCO's Gross Margin over 5 years: stood at 31.23% in 2022, then climbed by 14 bps to 35.47% in 2023, then sank by 37 bps to 22.44% in 2024, then slipped by 9 bps to 20.34% in 2025, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 63.83% |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 78.01% |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 45.22% |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 62.95% |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 38.53% |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 43.89% |
| 10 | AdaptHealth | 1.35 Bn | 1.31 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% |
| Mar 31, 2021 | 17.72% |
| Dec 31, 2020 | 16.24% |
| Sep 30, 2020 | 15.36% |
| Jun 30, 2020 | 14.52% |
| Mar 31, 2020 | 12.44% |
| Dec 31, 2019 | 17.39% |
| Sep 30, 2019 | 15.87% |
| Jun 30, 2019 | 17.72% |
| Mar 31, 2019 | 16.13% |