AdaptHealth (AHCO) Operating Income (2018 - 2026)
AdaptHealth (AHCO) recorded Operating Income of -$137.8 million in Q2 2026, compared with $65.69 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 -$143.86 million as of Jun 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 Q2 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 26.8%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 471.0% in Q3 2021, against a decline of 76.3% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.49 million (Q1 2026), -$73.28 million (Q4 2025) and $61.73 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.06 Bn | 92.50 Bn | - | - |
| 2 | Natera | 59.36 Bn | 55.04 Bn | 485.19 Mn | -75.79 Mn |
| 3 | Quest Diagnostics | 25.72 Bn | 24.15 Bn | 1.03 Bn | 459.00 Mn |
| 4 | Labcorp Holdings | 24.93 Bn | 22.69 Bn | 1.11 Bn | 451.60 Mn |
| 5 | Guardant Health | 23.83 Bn | 19.89 Bn | 219.03 Mn | -129.12 Mn |
| 6 | Tenet Healthcare | 20.58 Bn | 11.72 Bn | - | 1.50 Bn |
| 7 | Tempus AI | 14.35 Bn | 11.38 Bn | 246.50 Mn | -75.91 Mn |
| 8 | Encompass Health | 11.99 Bn | 12.46 Bn | - | - |
| 9 | BrightSpring Health Services | 11.21 Bn | 9.55 Bn | 492.75 Mn | 130.39 Mn |
| 10 | AdaptHealth | 768.76 Mn | 498.80 Mn | 104.21 Mn | -137.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 75.71 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();