ADAPTHEALTH CORP (AHCO) Fundamental Analysis & Valuation

NASDAQ:AHCO • US00653Q1022

9.67 USD
+0.27 (+2.87%)
At close: Mar 4, 2026
9.67 USD
0 (0%)
After Hours: 3/4/2026, 8:07:52 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This AHCO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Overall AHCO gets a fundamental rating of 3 out of 10. We evaluated AHCO against 101 industry peers in the Health Care Providers & Services industry. AHCO has a medium profitability rating, but doesn't score so well on its financial health evaluation. AHCO is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. AHCO Profitability Analysis

1.1 Basic Checks

  • AHCO had negative earnings in the past year.
  • In the past year AHCO had a positive cash flow from operations.
  • In multiple years AHCO reported negative net income over the last 5 years.
  • Each year in the past 5 years AHCO had a positive operating cash flow.
AHCO Yearly Net Income VS EBIT VS OCF VS FCFAHCO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M -600M

1.2 Ratios

  • AHCO has a Return On Assets of -1.63%. This is comparable to the rest of the industry: AHCO outperforms 43.56% of its industry peers.
  • With a Return On Equity value of -4.63%, AHCO perfoms like the industry average, outperforming 47.52% of the companies in the same industry.
  • AHCO's Return On Invested Capital of 3.98% is in line compared to the rest of the industry. AHCO outperforms 49.51% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AHCO is below the industry average of 9.13%.
Industry RankSector Rank
ROA -1.63%
ROE -4.63%
ROIC 3.98%
ROA(3y)-4.95%
ROA(5y)-2.19%
ROE(3y)-15.31%
ROE(5y)-7.22%
ROIC(3y)4.65%
ROIC(5y)3.98%
AHCO Yearly ROA, ROE, ROICAHCO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40

1.3 Margins

  • AHCO has a better Operating Margin (6.34%) than 70.30% of its industry peers.
  • In the last couple of years the Operating Margin of AHCO has grown nicely.
  • The Gross Margin of AHCO (21.07%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of AHCO has grown nicely.
Industry RankSector Rank
OM 6.34%
PM (TTM) N/A
GM 21.07%
OM growth 3Y-0.39%
OM growth 5Y3.26%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.81%
GM growth 5Y5%
AHCO Yearly Profit, Operating, Gross MarginsAHCO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. AHCO Health Analysis

2.1 Basic Checks

  • AHCO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • AHCO has more shares outstanding than it did 1 year ago.
  • AHCO has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, AHCO has an improved debt to assets ratio.
AHCO Yearly Shares OutstandingAHCO Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
AHCO Yearly Total Debt VS Total AssetsAHCO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

2.2 Solvency

  • AHCO has an Altman-Z score of 0.99. This is a bad value and indicates that AHCO is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of AHCO (0.99) is worse than 69.31% of its industry peers.
  • AHCO has a debt to FCF ratio of 8.14. This is a slightly negative value and a sign of low solvency as AHCO would need 8.14 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 8.14, AHCO perfoms like the industry average, outperforming 48.51% of the companies in the same industry.
  • AHCO has a Debt/Equity ratio of 1.15. This is a high value indicating a heavy dependency on external financing.
  • AHCO has a worse Debt to Equity ratio (1.15) than 62.38% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 8.14
Altman-Z 0.99
ROIC/WACC0.56
WACC7.08%
AHCO Yearly LT Debt VS Equity VS FCFAHCO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.02 indicates that AHCO should not have too much problems paying its short term obligations.
  • The Current ratio of AHCO (1.02) is worse than 69.31% of its industry peers.
  • A Quick Ratio of 0.81 indicates that AHCO may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.81, AHCO is doing worse than 76.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 0.81
AHCO Yearly Current Assets VS Current LiabilitesAHCO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AHCO Growth Analysis

3.1 Past

  • AHCO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -230.00%.
  • The Revenue for AHCO has decreased by -19.95% in the past year. This is quite bad
  • AHCO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.16% yearly.
EPS 1Y (TTM)-230%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-323.53%
Revenue 1Y (TTM)-19.95%
Revenue growth 3Y2.99%
Revenue growth 5Y25.16%
Sales Q2Q%-1.21%

3.2 Future

  • Based on estimates for the next years, AHCO will show a very strong growth in Earnings Per Share. The EPS will grow by 33.39% on average per year.
  • Based on estimates for the next years, AHCO will show a small growth in Revenue. The Revenue will grow by 6.53% on average per year.
EPS Next Y229.95%
EPS Next 2Y90.01%
EPS Next 3Y53.13%
EPS Next 5Y33.39%
Revenue Next Year7.34%
Revenue Next 2Y7.14%
Revenue Next 3Y6.53%
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AHCO Yearly Revenue VS EstimatesAHCO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
AHCO Yearly EPS VS EstimatesAHCO Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 -2

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6

4. AHCO Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for AHCO. In the last year negative earnings were reported.
  • With a Price/Forward Earnings ratio of 9.54, the valuation of AHCO can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, AHCO is valued cheaply inside the industry as 91.09% of the companies are valued more expensively.
  • AHCO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.11.
Industry RankSector Rank
PE N/A
Fwd PE 9.54
AHCO Price Earnings VS Forward Price EarningsAHCO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 30

4.2 Price Multiples

  • 93.07% of the companies in the same industry are more expensive than AHCO, based on the Enterprise Value to EBITDA ratio.
  • AHCO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AHCO is cheaper than 94.06% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.99
EV/EBITDA 5.1
AHCO Per share dataAHCO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • AHCO's earnings are expected to grow with 53.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y90.01%
EPS Next 3Y53.13%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. AHCO Dividend Analysis

5.1 Amount

  • No dividends for AHCO!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

AHCO Fundamentals: All Metrics, Ratios and Statistics

ADAPTHEALTH CORP

NASDAQ:AHCO (3/4/2026, 8:07:52 PM)

After market: 9.67 0 (0%)

9.67

+0.27 (+2.87%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)02-24
Earnings (Next)05-04
Inst Owners93.73%
Inst Owner Change0.93%
Ins Owners1.81%
Ins Owner Change5.74%
Market Cap1.31B
Revenue(TTM)3.24B
Net Income(TTM)-70.27M
Analysts81.43
Price Target13.64 (41.05%)
Short Float %6.41%
Short Ratio6.8
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-174.1%
Min EPS beat(2)-312.88%
Max EPS beat(2)-35.31%
EPS beat(4)0
Avg EPS beat(4)-471.13%
Min EPS beat(4)-1325.49%
Max EPS beat(4)-35.31%
EPS beat(8)1
Avg EPS beat(8)-252.52%
EPS beat(12)3
Avg EPS beat(12)-252.41%
EPS beat(16)3
Avg EPS beat(16)-207.71%
Revenue beat(2)1
Avg Revenue beat(2)0.19%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)0.61%
Revenue beat(4)1
Avg Revenue beat(4)-0.57%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)0.61%
Revenue beat(8)3
Avg Revenue beat(8)-0.5%
Revenue beat(12)5
Avg Revenue beat(12)-0.41%
Revenue beat(16)7
Avg Revenue beat(16)-0.16%
PT rev (1m)0.94%
PT rev (3m)0.94%
EPS NQ rev (1m)-2.78%
EPS NQ rev (3m)-11.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-9.58%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-0.11%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 9.54
P/S 0.41
P/FCF 5.99
P/OCF 2.18
P/B 0.87
P/tB N/A
EV/EBITDA 5.1
EPS(TTM)-0.78
EYN/A
EPS(NY)1.01
Fwd EY10.48%
FCF(TTM)1.61
FCFY16.69%
OCF(TTM)4.43
OCFY45.79%
SpS23.88
BVpS11.17
TBVpS-8.15
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.63%
ROE -4.63%
ROCE 5.71%
ROIC 3.98%
ROICexc 4.1%
ROICexgc 16.44%
OM 6.34%
PM (TTM) N/A
GM 21.07%
FCFM 6.76%
ROA(3y)-4.95%
ROA(5y)-2.19%
ROE(3y)-15.31%
ROE(5y)-7.22%
ROIC(3y)4.65%
ROIC(5y)3.98%
ROICexc(3y)4.77%
ROICexc(5y)4.1%
ROICexgc(3y)18.14%
ROICexgc(5y)17.62%
ROCE(3y)6.67%
ROCE(5y)5.71%
ROICexgc growth 3Y7.72%
ROICexgc growth 5Y-6.09%
ROICexc growth 3Y13.34%
ROICexc growth 5Y5.89%
OM growth 3Y-0.39%
OM growth 5Y3.26%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.81%
GM growth 5Y5%
F-Score3
Asset Turnover0.75
Health
Industry RankSector Rank
Debt/Equity 1.15
Debt/FCF 8.14
Debt/EBITDA 2.98
Cap/Depr 100.12%
Cap/Sales 11.78%
Interest Coverage 2.03
Cash Conversion 102.41%
Profit Quality N/A
Current Ratio 1.02
Quick Ratio 0.81
Altman-Z 0.99
F-Score3
WACC7.08%
ROIC/WACC0.56
Cap/Depr(3y)90.69%
Cap/Depr(5y)92.45%
Cap/Sales(3y)10.57%
Cap/Sales(5y)10.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-230%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-323.53%
EPS Next Y229.95%
EPS Next 2Y90.01%
EPS Next 3Y53.13%
EPS Next 5Y33.39%
Revenue 1Y (TTM)-19.95%
Revenue growth 3Y2.99%
Revenue growth 5Y25.16%
Sales Q2Q%-1.21%
Revenue Next Year7.34%
Revenue Next 2Y7.14%
Revenue Next 3Y6.53%
Revenue Next 5YN/A
EBIT growth 1Y-43.79%
EBIT growth 3Y2.59%
EBIT growth 5Y29.25%
EBIT Next Year175.81%
EBIT Next 3Y46.97%
EBIT Next 5YN/A
FCF growth 1Y-6.96%
FCF growth 3YN/A
FCF growth 5Y7.08%
OCF growth 1Y11.06%
OCF growth 3Y17.19%
OCF growth 5Y25.2%

ADAPTHEALTH CORP / AHCO FAQ

What is the ChartMill fundamental rating of ADAPTHEALTH CORP (AHCO) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AHCO.


What is the valuation status of ADAPTHEALTH CORP (AHCO) stock?

ChartMill assigns a valuation rating of 6 / 10 to ADAPTHEALTH CORP (AHCO). This can be considered as Fairly Valued.


How profitable is ADAPTHEALTH CORP (AHCO) stock?

ADAPTHEALTH CORP (AHCO) has a profitability rating of 4 / 10.