AdaptHealth (AHCO) Gross Margin (2019 - 2026)
AdaptHealth (AHCO) reported Gross Margin of 14.08% for Q2 2026, down 6.59 percentage points from 20.66% a year earlier but up 0.48 percentage points from the prior quarter.
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Analysis
AdaptHealth (AHCO) Gross Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, AdaptHealth's Gross Margin came in at 17.04%, down 2.67 percentage points year-over-year; for FY2025, it came in at 18.77%, down 2.11 percentage points from FY2024.
- Gross Margin has a five-year change of +3.84 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 20.89% in FY2024 (+1.39 pp), 19.50% in FY2023 (-0.03 pp), 19.53% in FY2022 (+1.37 pp) and 18.15% in FY2021 (+3.22 pp).
- Five-year quarterly Gross Margin spans a low of 11.98% in Q1 2023 and a high of 35.47% in Q4 2023.
- Year over year, Gross Margin has now declined in each of the last seven quarters, with an average year-over-year change of -2.79 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2022 (a gain of 15.49 percentage points); the low point was Q4 2024 (a drop of 13.03 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 13.60% (Q1 2026), 20.34% (Q4 2025) and 19.74% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 92.33 Bn | 91.77 Bn | - | - |
| 2 | Natera | 58.66 Bn | 54.34 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 25.51 Bn | 23.94 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 24.64 Bn | 22.41 Bn | 1.11 Bn | 29.80% |
| 5 | Guardant Health | 23.35 Bn | 19.41 Bn | 219.03 Mn | 65.39% |
| 6 | Tenet Healthcare | 20.47 Bn | 11.62 Bn | - | - |
| 7 | Tempus AI | 13.40 Bn | 10.43 Bn | 246.50 Mn | 64.45% |
| 8 | Encompass Health | 11.75 Bn | 12.21 Bn | - | - |
| 9 | BrightSpring Health Services | 11.31 Bn | 9.65 Bn | 492.75 Mn | 12.72% |
| 10 | AdaptHealth | 774.21 Mn | 504.26 Mn | 104.21 Mn | 14.08% |
Historic Data
Download Data
Historic 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 | 20.66% |
| 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% |
API Access
AdaptHealth Gross 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=gross-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();