Page: Company Financials
AdaptHealth Corp.
$10.09
-0.35 (-3.35%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | MRQ | MRQ-1 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock Price | 8.95 | 9.43 | 9.74 | 10.42 | 10.25 | 18.02 | 27.98 | 22.87 | 10.31 | 9.72 |
| Market Capitalization | 1,211.34M | 1,272.08M | 1,314.88M | 1,393.56M | 1,375.73M | 2,414.19M | 3,486.40M | 1,278.10M | 274.82M | 303.67M |
| (-) Cash & Equivalents | 80.36M | 68.63M | 67.55M | 89.83M | 69.95M | 98.81M | 199.15M | 132.76M | 3.00M | 0.96M |
| (+) Total Debt | 160.01M | 1,950.13M | 1,404.47M | 2,220.79M | 2,313.68M | 2,337.65M | 2,108.89M | 628.13M | 246.97M | 33.69M |
| Enterprise Value | 1,290.99M | 3,153.58M | 2,651.80M | 3,524.51M | 3,619.46M | 4,653.04M | 5,396.13M | 1,773.47M | 518.79M | 336.40M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,849M | 3,264M | 3,261M | 3,200M | 2,971M | 2,455M | 1,056M | 530M | 345M | 193M | 174M |
| Cost of Revenue | 2,500M | 2,652M | 2,580M | 2,518M | 2,553M | 2,009M | 899M | 441M | 285M | 163M | 159M |
| Gross Profit | 349M | 612M | 681M | 682M | 417M | 446M | 158M | 89M | 60M | 30M | 16M |
| Gross Profit Margin | 12.2% | 18.7% | 20.9% | 21.3% | 14.1% | 18.2% | 14.9% | 16.8% | 17.4% | 15.4% | 9.0% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 496M | 277M | 359M | 190M | 162M | 168M | 89M | 56M | 1M | 0M | 11M |
| Operating Expenses | 83M | 664M | 417M | 1,280M | 227M | 220M | 86M | 60M | 1M | 0M | 13M |
| Operating Income (EBIT) | 266M | -52M | 264M | -598M | 190M | 226M | 71M | 29M | 59M | 30M | 2M |
| Operating Income Margin | 9.3% | -1.6% | 8.1% | -18.7% | 6.4% | 9.2% | 6.8% | 5.5% | 17.0% | 15.4% | 1.3% |
| Interest Income | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 4M | 0M | 6M |
| Interest Expense | 111M | 130M | 127M | 130M | 109M | 95M | 41M | 39M | 4M | 0M | 0M |
| Net Interest Income | -111M | -130M | -127M | -130M | -109M | -95M | -41M | -39M | 0M | 0M | 6M |
| Unusual Items | -1M | -24M | -1M | 5M | 17M | 61M | -236M | -12M | -56M | -30M | -12M |
| EBT Excluding Unusual Items | 155M | -182M | 137M | -729M | 81M | 130M | 30M | -10M | 59M | 30M | 8M |
| Pre-Tax Income | 154M | -206M | 136M | -724M | 98M | 191M | -206M | -22M | 3M | 0M | -3M |
| Pre-Tax Margin | 5.4% | -6.3% | 4.2% | -22.6% | 3.3% | 7.8% | -19.5% | -4.1% | 0.8% | 0.0% | -2.0% |
| Income Tax Expense | 67M | 4M | 41M | -49M | 25M | 33M | -12M | 1M | 1M | 0M | 0M |
| Net Income | 80M | -214M | 90M | -679M | 69M | 156M | -162M | -21M | 2M | 0M | -4M |
| Net Income Margin | 2.8% | -6.6% | 2.8% | -21.2% | 2.3% | 6.4% | -15.3% | -4.0% | 0.6% | 0.0% | -2.2% |
| Depreciation & Amortization | 386M | 367M | 365M | 421M | 423M | 258M | 82M | 63M | 51M | 28M | 27M |
| EBITDA | 652M | 315M | 629M | -178M | 614M | 484M | 154M | 92M | 109M | 57M | 29M |
| EBITDA Margin | 22.9% | 9.7% | 19.3% | -5.6% | 20.7% | 19.7% | 14.6% | 17.4% | 31.7% | 29.8% | 16.6% |
| NOPAT | 151M | -41M | 184M | -473M | 142M | 187M | 56M | 23M | 42M | 23M | 2M |
| NOPAT Margin | 5.3% | -1.3% | 5.6% | -14.8% | 4.8% | 7.6% | 5.3% | 4.4% | 12.2% | 12.2% | 1.1% |
| Owner's Earnings | 111M | -165M | 150M | -596M | 101M | 211M | -119M | 20M | 43M | 21M | 20M |
| Owner's Earnings Margin | 3.9% | -5.0% | 4.6% | -18.6% | 3.4% | 8.6% | -11.3% | 3.8% | 12.4% | 10.9% | 11.6% |
| EPS (Basic) | 0.56 | -1.64 | 0.62 | -5.32 | 0.52 | 1.12 | -1.23 | 0.17 | 0.07 | 0.00 | -0.12 |
| EPS (Diluted) | 0.59 | -1.59 | 0.67 | -5.05 | 0.50 | 1.17 | -3.08 | -0.29 | 0.07 | 0.00 | -0.12 |
| Shares (Basic) | 135M | 133M | 134M | 134M | 134M | 126M | 52M | 72M | 31M | 31M | 31M |
| Shares (Diluted) | 136M | 135M | 136M | 134M | 139M | 133M | 52M | 72M | 31M | 31M | 31M |
Product Segments
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Diabetes | 0.00M | 0.00M | 0.00M | 660.04M | 687.09M | 541.21M | 0.00M |
| Health Care, Other | 74.55M | 307.28M | 0.00M | 301.15M | 261.62M | 0.00M | 0.00M |
| Respiratory Health | 512.93M | 0.00M | 651.15M | 0.00M | 0.00M | 0.00M | 0.00M |
| Supplies To Home | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 145.62M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 80.36M | 68.63M | 109.75M | 77.13M | 46.27M | 149.63M | 99.96M | 76.88M | 0.95M | 0.12M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 80.36M | 68.63M | 109.75M | 77.13M | 46.27M | 149.63M | 99.96M | 76.88M | 0.95M | 0.12M |
| Net Receivables | 412.52M | 393.59M | 408.02M | 388.91M | 359.15M | 359.90M | 171.07M | 78.62M | 53.02M | 0.00M |
| Inventory | 149.09M | 148.85M | 139.84M | 113.64M | 127.75M | 123.10M | 58.78M | 13.24M | 7.67M | 4.96M |
| Other Current Assets | 82.86M | 46.93M | 98.18M | 69.34M | 52.14M | 37.44M | 33.44M | 12.68M | -60.53M | 0.00M |
| Total Current Assets | 724.82M | 658.00M | 755.79M | 649.02M | 585.31M | 670.06M | 363.25M | 181.42M | 1.11M | 5.08M |
| Property, Plant & Equipment | 628.56M | 625.52M | 618.36M | 637.53M | 622.01M | 546.34M | 110.47M | 63.56M | 61.60M | 35.57M |
| Goodwill | 2,653.40M | 2,651.09M | 2,675.17M | 2,724.96M | 3,545.30M | 3,512.57M | 998.81M | 266.79M | 202.44M | 38.63M |
| Intangible Assets | 90.09M | 95.17M | 105.55M | 130.16M | 162.77M | 202.23M | 116.06M | 0.00M | 0.00M | 0.00M |
| Long-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -276.90M | 0.00M |
| Tax Assets | 267.92M | 302.24M | 314.51M | 345.85M | 281.79M | 304.19M | 208.40M | 27.92M | 12.86M | 0.00M |
| Other Non-Current Assets | 18.72M | 18.81M | 17.58M | 21.13M | 22.42M | 15.10M | 16.48M | 6.85M | 253.02M | -74.01M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 3,658.70M | 3,692.82M | 3,731.16M | 3,859.63M | 4,634.28M | 4,580.43M | 1,450.22M | 365.12M | 253.02M | 0.19M |
| Total Assets | 4,383.52M | 4,350.83M | 4,486.95M | 4,508.65M | 5,219.59M | 5,250.48M | 1,813.47M | 546.54M | 254.12M | 5.27M |
| Accounts Payable | 341.45M | 339.65M | 284.60M | 211.50M | 222.51M | 248.03M | 191.04M | 79.24M | 0.04M | 0.06M |
| Short-Term Debt | 60.14M | 59.69M | 60.51M | 91.76M | 67.21M | 66.86M | 30.43M | 21.47M | 27.90M | 10.12M |
| Tax Payables | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.16M | 0.00M |
| Deferred Revenue | 59.85M | 56.29M | 34.94M | 38.57M | 31.64M | 31.37M | 11.04M | 9.56M | 7.51M | 0.00M |
| Other Current Liabilities | 209.26M | 166.45M | 186.93M | 195.17M | 134.86M | 153.55M | 189.54M | 43.79M | -27.40M | -9.90M |
| Total Current Liabilities | 670.70M | 622.09M | 566.99M | 537.00M | 456.21M | 499.81M | 422.05M | 154.05M | 8.21M | 0.29M |
| Long-Term Debt | 1,843.80M | 1,890.43M | 2,069.83M | 2,202.89M | 2,261.61M | 2,303.73M | 776.57M | 395.35M | 127.27M | 52.70M |
| Capital Lease Obligations | 99.87M | 141.14M | 149.17M | 146.67M | 140.56M | 167.04M | 22.28M | 19.98M | 0.17M | 9.95M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 3.78M | 0.00M |
| Other Non-Current Liabilities | 244.17M | 244.17M | 272.02M | 302.09M | 344.00M | 380.25M | 334.01M | 62.92M | -119.39M | -52.70M |
| Total Non-Current Liabilities | 2,187.85M | 2,275.74M | 2,491.01M | 2,651.65M | 2,746.17M | 2,851.03M | 1,132.86M | 478.25M | 11.83M | 9.95M |
| Total Liabilities | 2,858.55M | 2,897.84M | 3,057.99M | 3,188.65M | 3,202.39M | 3,350.84M | 1,554.91M | 632.30M | 20.03M | 10.24M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 240.55M | 0.00M |
| Retained Earnings | -530.20M | -554.71M | -562.18M | -652.60M | 26.30M | -43.02M | -199.20M | -40.26M | 2.09M | 0.00M |
| Accumulated OCI | 0.57M | 1.17M | 2.25M | 4.36M | 8.69M | -2.35M | -4.41M | 1.43M | 0.00M | 0.00M |
| Minority Interest | 8.07M | 6.68M | 6.97M | 8.22M | 6.60M | 4.78M | -74.04M | -26.96M | 2.87M | -34.09M |
| Total Shareholders’ Equity | -529.62M | -553.52M | -559.91M | -648.23M | 35.00M | -45.36M | -203.60M | -38.82M | 242.64M | 0.00M |
| Total Equity | -521.55M | -546.84M | -552.94M | -640.02M | 41.60M | -40.58M | -277.64M | -65.78M | 245.50M | -34.09M |
| Total Liabilities & Equity | 2,337.00M | 2,350.99M | 2,505.06M | 2,548.63M | 3,243.99M | 3,310.26M | 1,277.27M | 566.52M | 265.54M | -23.86M |
| Tangible Assets | 1,640.03M | 1,604.57M | 1,706.23M | 1,653.53M | 1,511.52M | 1,535.69M | 698.60M | 279.75M | 51.69M | -33.35M |
| Tangible Equity | -3,265.04M | -3,293.10M | -3,333.65M | -3,495.13M | -3,666.47M | -3,755.38M | -1,392.51M | -332.57M | 43.06M | -72.72M |
| Tangible Book Value | -3,265.04M | -3,293.10M | -3,333.65M | -3,495.13M | -3,666.47M | -3,755.38M | -1,392.51M | -332.57M | 43.06M | -72.72M |
| Total Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -276.90M | 0.00M |
| Net Debt | 1,823.58M | 1,881.50M | 2,020.59M | 2,217.52M | 2,282.55M | 2,220.97M | 707.03M | 339.94M | 154.22M | 62.70M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 54.1M | 35.9M | 188.8M | 112.0M | 129.1M | 170.2M | -58.8M | 27.4M | 0.4M | -0.2M |
| Total Capital | 3,520.7M | 3,537.6M | 3,701.5M | 3,753.1M | 4,480.0M | 4,432.5M | 1,161.9M | 378.0M | 400.7M | 0.2M |
| Capital Employed | 3,712.8M | 3,728.7M | 3,920.0M | 3,971.7M | 4,763.4M | 4,750.7M | 1,391.4M | 392.5M | 253.4M | 0.0M |
| Invested Capital | 3,440.4M | 3,468.9M | 3,591.7M | 3,676.0M | 4,433.7M | 4,282.9M | 1,061.9M | 301.1M | 399.8M | 0.1M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 83.60M | -206.42M | 94.78M | -678.90M | 73.13M | 158.15M | -194.09M | 12.24M | 2.09M | 0.00M | -4.18M |
| Depreciation & Amortization | 386.45M | 376.74M | 365.33M | 420.59M | 351.18M | 258.05M | 82.45M | 11.28M | 50.61M | 27.82M | 26.56M |
| Deferred Income Tax | 60.55M | -6.90M | 32.05M | -62.60M | 18.04M | 22.38M | -21.10M | 0.90M | -2.88M | 0.00M | 0.00M |
| Stock-Based Compensation | 15.69M | 15.88M | 14.88M | 22.47M | 22.40M | 25.32M | 18.67M | 11.07M | 0.88M | 0.05M | 0.05M |
| Change in Working Capital | 4.61M | 6.94M | -26.06M | -25.11M | -108.00M | -153.31M | 76.91M | -18.19M | 0.43M | 0.00M | -9.75M |
| Accounts Receivable | 8.23M | -31.12M | -26.22M | -28.86M | -0.21M | -29.69M | -29.52M | -11.81M | -21.34M | -3.04M | -8.64M |
| Inventory | -16.34M | -18.71M | -28.07M | 15.53M | -6.30M | -14.92M | -19.43M | -14.26M | 2.31M | 1.14M | -0.35M |
| Accounts Payable | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 8.78M | -0.02M | 0.00M | 0.00M |
| Other Working Capital | 12.72M | 56.78M | 28.22M | -11.78M | -101.49M | -108.70M | 125.86M | -0.90M | 0.45M | 0.00M | -0.76M |
| Other Non-Cash Items | 18.09M | 360.45M | 60.86M | 804.20M | 17.12M | -34.92M | 232.80M | 43.12M | 65.91M | 12.02M | 17.26M |
| Net Cash from Operating Activities | 569.00M | 546.69M | 541.84M | 480.67M | 373.87M | 275.68M | 195.63M | 60.42M | 68.43M | 45.93M | 29.94M |
| Capital Expenditures (PPE) | -355.83M | -317.37M | -306.06M | -337.46M | -391.42M | -203.31M | -39.76M | -21.33M | -9.95M | -6.85M | -2.47M |
| Acquisitions (Net) | -26.60M | -1.77M | -9.54M | -19.69M | -19.02M | -1,620.32M | -769.34M | 0.57M | -86.33M | -8.51M | -1.30M |
| Purchases of Investments | 0.00M | 0.00M | 0.00M | -0.13M | -0.73M | -1.13M | -8.66M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 2.05M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | 116.83M | 5.32M | 5.32M | 0.00M | 0.00M | 0.00M | 0.00M | 20.38M | -238.92M | 0.28M | 1.10M |
| Net Cash from Investing Activities | -265.59M | -313.82M | -310.28M | -357.28M | -411.17M | -1,824.75M | -815.70M | -0.39M | -248.87M | -15.08M | -2.68M |
| Net Debt Issuance | -288.78M | -156.90M | -179.87M | -51.77M | -36.18M | 1,395.57M | 354.74M | 205.66M | -0.17M | -29.69M | -25.70M |
| Long-Term Debt Issuance | -288.78M | -156.90M | -179.87M | -51.77M | -36.18M | 1,395.57M | 354.74M | 205.66M | -0.17M | -29.69M | -25.70M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | 0.46M | -19.72M | 0.00M | -29.28M | -13.99M | 278.85M | 323.33M | 101.29M | 250.00M | 0.00M | -0.80M |
| Common Stock Issuance | 1.21M | 0.59M | 0.00M | 0.00M | 0.00M | 278.85M | 367.60M | 125.00M | 250.00M | 0.00M | 0.00M |
| Common Stock Repurchased | -0.76M | -20.31M | 0.00M | -29.28M | -13.99M | 0.00M | -44.27M | -23.71M | 0.00M | 0.03M | -0.80M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -250.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -250.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -34.90M | -12.21M | -19.08M | -11.48M | -15.88M | -75.68M | -34.92M | -70.84M | 1.51M | -0.57M | -1.08M |
| Net Cash from Financing Activities | -323.23M | -188.83M | -198.95M | -92.53M | -66.05M | 1,598.74M | 643.15M | -13.89M | 251.33M | 0.12M | -27.58M |
| Effect of FX on Cash | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -47.01M | -70.06M | 0.00M | 0.00M |
| Net Change in Cash | -19.82M | 44.04M | 32.62M | 30.86M | -103.36M | 49.67M | 23.08M | -0.88M | 0.83M | -3.56M | -0.32M |
| Cash at Beginning of Period | 332.21M | 282.67M | 77.13M | 46.27M | 149.63M | 99.96M | 76.88M | 10.64M | 0.12M | 3.68M | 4.00M |
| Cash at End of Period | 312.38M | 326.71M | 109.75M | 77.13M | 46.27M | 149.63M | 99.96M | 9.77M | 0.95M | 0.12M | 3.68M |
| Operating Cash Flow | 569.00M | 546.69M | 541.84M | 480.67M | 373.87M | 275.68M | 195.63M | 60.42M | 68.43M | 45.93M | 29.94M |
| Capital Expenditure | -355.83M | -317.37M | -306.06M | -337.46M | -391.42M | -203.31M | -39.76M | -21.33M | -9.95M | -6.85M | -2.47M |
| Free Cash Flow | 213.17M | 229.32M | 235.78M | 143.20M | -17.56M | 72.37M | 155.88M | 39.09M | 58.48M | 39.08M | 27.47M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 239.48M | 702.04M | 687.19M | 912.28M | 678.74M | 536.16M | 150.89M | 95.01M | 109.65M | 57.16M | 30.79M |
| (-) Tax Adjustment | 83.82M | 0.00M | 208.35M | 61.77M | 171.72M | 92.11M | 8.75M | 0.00M | 31.20M | 0.00M | 1.87M |
| (-) Change In Working Capital | 4.61M | 6.94M | -26.06M | -25.11M | -108.00M | -153.31M | 76.91M | -18.19M | 0.43M | 0.00M | -9.75M |
| (-) Capital Expenditure | -355.83M | -317.37M | -306.06M | -337.46M | -391.42M | -203.31M | -39.76M | -21.33M | -9.95M | -6.85M | -2.47M |
| Unlevered Free Cash Flow | -204.78M | 377.74M | 198.85M | 538.16M | 223.60M | 394.05M | 25.47M | 91.87M | 68.07M | 50.31M | 36.21M |
| (-) Net Interest Income After Taxes | -72.18M | -130.43M | -88.26M | -121.48M | -81.73M | -78.84M | -39.03M | -39.30M | 0.00M | 0.00M | 5.41M |
| Net Debt Issuance | -288.78M | -156.90M | -179.87M | -51.77M | -36.18M | 1,395.57M | 354.74M | 205.66M | -0.17M | -29.69M | -25.70M |
| Levered Free Cash Flow | -421.38M | 351.26M | 107.25M | 607.87M | 269.15M | 1,868.46M | 419.24M | 336.83M | 67.89M | 20.62M | 5.10M |