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← CockpitCompetitor Analysis › AHCO AdaptHealth Corp.Open in the cockpit ↗

AdaptHealth Corp.AHCOCompetitor analysis, valuation and peers

United States · USD·Health Care›Medical/Nursing Services
Momentum neutral 44
Mkt cap
$1.00B
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$11.3M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-4.9 pp
WACC 7.5%
Hurdle
-9 pp
Req g minus delivered
Next earnings
116 days
2 Mar 2027
Close · USD$10.83
1Dn/a
1W-1.2%
1M+0.7%
3M-17.8%
6M+7.8%
YTD+8.7%
1Y+20.7%
ATR %4.0%
Beta0.41
52w lowhigh19.4% off high

What AdaptHealth does

Employees: 10,900

AdaptHealth at a glance

Size AdaptHealth (AHCO) is a United States Health Care company (Medical/Nursing Services) with a market value of $1.00B, the 2245th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.83 on 6 Nov 2026.

Performance Over six months the shares gained 7.8%, against +4.8% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.

Growth Revenue fell 3.2% over the last twelve months (peer median +6.7%); the operating margin is 3.2% (peer median 7.9%).

Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.8× (4th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -9 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 4.9 points below its cost of capital (7.5% WACC).

Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026AHCO 107Peer median 104
Six months, rebased to 100: AdaptHealth against the median of its 20 peers (local-currency closes).

AdaptHealth financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.15B$3.24B$3.26B$3.20B$2.97B
Revenue growth—0%+2%+8%—
Gross profit$468M$569M$636M$422M$353M
EBITDA$586M$636M$704M$661M$620M
Net income-$404M-$70.8M$82.7M-$679M$69.3M
Free cash flow$81.9M$219M$236M$143M-$17.6M
Capital expenditure$497M$382M$306M$337M$391M
Total debt$2.05B$1.90B$2.13B$2.29B$2.33B

Quarterly statements and history in the cockpit →

AdaptHealth competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%+75%0%+20%REG4694TTALO688315GDRXTHYROCARENUTXMETROPOLIS1951PNTGLMRIOPKDIADNA1959404544CLARIUSPHAHCO6-month return →1-month return →
Up and to the right = strong over both horizons. AdaptHealth is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%2×4×6×8×REG4694TTALO688315GDRXTHYROCARENUTXMETROPOLIS1951PNTGOPKDIADNAWELL1959404544USPHGMRSAHCORevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. AdaptHealth is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%REG4694TTALOTHYROCARENUTXWELLGMRSAHCOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. AdaptHealth is the large dot.

AdaptHealth competitors and peer comparison

How AdaptHealth compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

AdaptHealth against its 20 peers (data as of 6 Nov 2026)
MeasureAHCOPeer medianRank in peer set
1-month return+0.7%+2.6%10th lowest of 21
6-month return+7.8%+4.8%10th highest of 20
Distance from 52-week high-19.4%-20.4%9th highest of 21
Revenue growth (TTM)-3.2%+6.7%5th lowest of 21
Operating margin3.2%7.9%5th lowest of 21
EV / Sales0.9×1.8×4th cheapest of 21
Growth the price implies (Req g, 7 yrs)16.3%9.1%7th most demanding of 18
Growth delivered (Del g)+25.2%+10.9%3rd highest of 18
Hurdle (Req g minus delivered)-8.8 pp+0.2 pp8th least demanding of 18
ROIC minus cost of capital-4.9 pp-2.2 pp5th lowest of 20
EV / EBITDA5.1×10.1×4th cheapest of 17
Net debt / EBITDA3.4×2.6×8th most indebted of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
AdaptHealth AHCOUnited States$1.00B+8%-3%3%0.9×16.3%+25.2%
Regis Healthcare REG.AXAustralia$1.05B-17%+17%4%1.0×14.6%+14.4%
BML 4694.TJapan$887M-2%+4%7%0.6×-9.7%+1.6%
Terveystalo Oy TTALO.HEFinland$883M-19%-8%8%1.2×-4.6%+5.3%
Novogene 688315.SSChina$1.16B+31%+6%7%2.6×17.1%+8.2%
GoodRx GDRXUnited States$1.20B+20%-2%12%1.8×6.8%+7.7%
Thyrocare Technologies THYROCARE.NSIndia$830M+5%+22%26%8.3×27.9%+10.9%
Nutex Health NUTXUnited States$1.24B+32%+7%43%1.8×-19.5%+253.5%
Metropolis Healthcare METROPOLIS.NSIndia$1.25B+12%+20%18%6.6×32.4%+10.5%
Jinxin Fertility 1951.HKHong Kong$800M-2%+7%11%2.9×18.0%+12.4%
Pennant PNTGUnited States$1.27B+1%+38%6%1.6×21.1%+19.4%
Lumexa Imaging LMRIUnited States$1.29B+29%+8%3%2.1×n/an/a
OPKO Health OPKUnited States$1.29B+52%-11%-29%2.4×n/an/a
Diagnostyka DIA.WAPoland$1.29B-5%+19%15%2.4×6.9%+18.9%
Ginkgo Bioworks DNAUnited States$760M+26%-52%-258%7.7×n/an/a
WELL Health Technologies WELL.TOCanada$760M-5%+39%7%1.4×9.1%+94.5%
HK inno.N 195940.KSSouth Korea$745M-32%+7%12%0.9×-10.8%+12.2%
H.U.Group 4544.TJapan$1.35B+24%+1%2%0.9×10.1%+2.1%
Clariane CLARI.PAFrance$1.40B-20%+1%6%1.6×6.7%+6.5%
U.S. Physical Therapy USPHUnited States$1.48B+68%+11%10%2.7×19.9%+13.0%
GMR Solutions GMRSUnited States$672Mn/a-4%14%0.9×-20.0%-4.0%

Questions

Which companies are AdaptHealth's closest peers?
The cockpit's peer set: Regis Healthcare (REG.AX), BML (4694.T), Terveystalo Oy (TTALO.HE), Novogene (688315.SS), GoodRx (GDRX), Thyrocare Technologies (THYROCARE.NS), Nutex Health (NUTX), Metropolis Healthcare (METROPOLIS.NS).
Is AdaptHealth expensive compared with its peers?
On ev / sales it trades at 0.9× against a peer median of 1.8×, 4th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -9 pp: the price already allows for a slowdown.
How has AdaptHealth stock performed?
Over six months to 6 Nov 2026 the shares returned +7.8% against +4.8% for the median peer; over one year +20.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.