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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

AdaptHealth (AHCO) Gross Margin (2019 - 2026)

AdaptHealth has reported Gross Margin over the past 7 years, most recently at 20.34% for Q4 2025.

  • For Q4 2025, Gross Margin fell 209.0% year-over-year to 20.34%; the TTM value through Dec 2025 reached 18.77%, down 211.0%, while the annual FY2025 figure was 18.77%, 211.0% down from the prior year.
  • Gross Margin for Q4 2025 was 20.34% at AdaptHealth, up from 19.74% in the prior quarter.
  • Over five years, Gross Margin peaked at 35.47% in Q4 2023 and troughed at 11.98% in Q1 2023.
  • A 5-year average of 19.24% and a median of 19.11% in 2021 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: soared 1549bps in 2022 and later crashed -1303bps in 2024.
  • Year by year, Gross Margin stood at 15.74% in 2021, then soared by 98bps to 31.23% in 2022, then grew by 14bps to 35.47% in 2023, then tumbled by -37bps to 22.44% in 2024, then dropped by -9bps to 20.34% in 2025.
  • Business Quant data shows Gross Margin for AHCO at 20.34% in Q4 2025, 19.74% in Q3 2025, and 19.32% in Q2 2025.