AdaptHealth (AHCO) Operating Income (2018 - 2026)
AdaptHealth (AHCO) recorded Operating Income of -$155.92 million in Q3 2026, compared with $43.37 million a year earlier.
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Analysis
AdaptHealth (AHCO) Operating Income (2018 - 2026) Analysis & Trends
On a TTM basis, AdaptHealth's Operating Income came in at -$319.84 million as of Sep 30, 2026; for FY2025, it came in at $90.87 million, down 65.5% from FY2024.
- Annual Operating Income has a five-year compound annual growth rate of 5.0% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $263.73 million in FY2024, -$598.4 million in FY2023, $190.41 million in FY2022 (-15.6%) and $225.61 million in FY2021 (+216.2%).
- The Q3 2026 figure is the lowest quarterly Operating Income since Q4 2023.
- On a year-over-year basis, Operating Income rose in 1 of the last four quarters, with an average decline of 34.0%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 234.6% in Q1 2022, against a decline of 76.3% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -$137.8 million (Q2 2026), $5.49 million (Q1 2026) and -$31.61 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | - |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | -68.32 Mn |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 402.10 Mn |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 479.00 Mn |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 1.75 Bn |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -132.77 Mn |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | -56.86 Mn |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 160.48 Mn |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | - |
| 10 | AdaptHealth | 991.60 Mn | 713.52 Mn | 114.81 Mn | -155.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -155.92 Mn |
| Jun 30, 2026 | -137.80 Mn |
| Mar 31, 2026 | 5.49 Mn |
| Dec 31, 2025 | -73.28 Mn |
| Sep 30, 2025 | 61.73 Mn |
| Jun 30, 2025 | 65.69 Mn |
| Mar 31, 2025 | 23.17 Mn |
| Dec 31, 2024 | 97.67 Mn |
| Sep 30, 2024 | 63.49 Mn |
| Jun 30, 2024 | 52.05 Mn |
| Mar 31, 2024 | 50.53 Mn |
| Dec 31, 2023 | -217.80 Mn |
| Sep 30, 2023 | -461.04 Mn |
| Jun 30, 2023 | 54.26 Mn |
| Mar 31, 2023 | 26.18 Mn |
| Dec 31, 2022 | 26.73 Mn |
| Sep 30, 2022 | 52.95 Mn |
| Jun 30, 2022 | 59.18 Mn |
| Mar 31, 2022 | 51.55 Mn |
| Dec 31, 2021 | 69.08 Mn |
API Access
AdaptHealth Operating Income 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=operating-income&ticker=AHCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=AHCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();