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Companies / Health Care / AdaptHealth Corp.
AHCO

AdaptHealth Corp.

Health CareHealth Services
Ticker AHCOCONSHOHOCKEN, PAFiscal year ends DecemberBook value per share $9.01Diluted shares 136.1M

AdaptHealth Corp. (Nasdaq: AHCO) provides healthcare-at-home solutions, including home medical equipment, medical supplies and related services, to patients covered by Medicare, Medicaid and commercial insurers. Its four reportable segments are Sleep Health, which supplies sleep therapy equipment and services for… From the company’s description.

Over the twelve months to Sep 30, 2026, AdaptHealth Corp. reported revenue of $3.01B, down 7.5% from a year earlier, and a net loss of $401.89M. Its operating margin was −12.4%, and operations generated $578.80M in cash. In fiscal 2025, it reported revenue of $3.24B, down 0.5% from fiscal 2024, and a net loss of $66.04M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$3.24BFY2025
−0.5% year over year
Last 12 mo $3.01B
2.80%FY2025
−5.3 percentage points
Last 12 mo -12.36%
$-66.04MFY2025
−169.7% year over year
Last 12 mo $-401.89M
-4.66%FY2025
−11 percentage points
Last 12 mo 7.40%
Cash & financing
$601.77MFY2025
+11.1% year over year
Last 12 mo $578.80M
$219.38MFY2025
−7.0% year over year
Last 12 mo $81.92M
1.18FY2025
Was 1.29× a year earlier
Last 12 mo 1.57
135.1MFY2025
−0.3% year over year
Last 12 mo 136.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What AdaptHealth Corp. does

In the company’s own words

AdaptHealth Corp. (Nasdaq: AHCO) provides healthcare-at-home solutions, including home medical equipment, medical supplies and related services, to patients covered by Medicare, Medicaid and commercial insurers. Its four reportable segments are Sleep Health, which supplies sleep therapy equipment and services for obstructive sleep apnea; Respiratory Health, which provides oxygen, ventilation equipment and chronic respiratory services; Diabetes Health, which offers continuous glucose monitors, insulin pumps and related services; and Wellness at Home, which supplies equipment and services for patients at home, including after hospital discharge. Products include both consumable supplies and equipment reimbursed through fixed monthly payments, as well as services under certain capitated arrangements. Patients are commonly referred by hospitals, sleep laboratories, physicians, skilled nursing facilities and hospice operators. At December 31, 2025, AdaptHealth served approximately 4.3 million patients annually through about 640 locations in 48 states, with operations reaching all 50 states. Its website is https://adapthealth.com/investorrelations.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
CONSHOHOCKEN, PA
Fiscal year end
December
CIK
1725255
SIC
8082

Financial performance, year by year

Fiscal 2018–2025 · USD
$-1.07B$112.37M$1.29B$2.47B$3.65B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns AdaptHealth Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

258
funds hold it
0 of 35
superinvestors hold it
$628.36M
held by funds, at market
41.1%
of shares held by funds
3
bond issues held by funds

Largest fund holders · AdaptHealth Corp.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.06%of fund net assets
Fidelity Value Fund
FDVLX · Fidelity Capital Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

AdaptHealth Corp.’s bonds, as funds hold them

Funds report holding 3 issues of AdaptHealth Corp.’s debt, $227.43M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.23%, maturing 2028 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do AdaptHealth Corp. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of AdaptHealth Corp.'s earnings go — cash, debt, buybacks, reinvestment?”
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