AHCO official logo AHCO
AHCO 1-star rating from Upturn Advisory
Adapthealth Corp (AHCO) company logo

Adapthealth Corp (AHCO)

Adapthealth Corp (AHCO) 1-star rating from Upturn Advisory
$9.75
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Upturn Advisory Summary

12/01/2025: AHCO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

2 star rating from financial analysts

8 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $13.25

1 Year Target Price $13.25

Analysts Price Target For last 52 week
$13.25 Target price
52w Low $7.11
Current$9.75
52w High $11.63

Analysis of Past Performance

Type Stock
Historic Profit -76.2%
Avg. Invested days 21
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/01/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.32B USD
Price to earnings Ratio 17.73
1Y Target Price 13.25
Price to earnings Ratio 17.73
1Y Target Price 13.25
Volume (30-day avg) 8
Beta 1.78
52 Weeks Range 7.11 - 11.63
Updated Date 12/2/2025
52 Weeks Range 7.11 - 11.63
Updated Date 12/2/2025
Dividends yield (FY) -
Basic EPS (TTM) 0.55

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-11-04
When -
Estimate 0.24
Actual 0.16

Profitability

Profit Margin 2.53%
Operating Margin (TTM) 8.18%

Management Effectiveness

Return on Assets (TTM) 3.64%
Return on Equity (TTM) 5.52%

Valuation

Trailing PE 17.73
Forward PE 8.38
Enterprise Value 3143970256
Price to Sales(TTM) 0.41
Enterprise Value 3143970256
Price to Sales(TTM) 0.41
Enterprise Value to Revenue 0.97
Enterprise Value to EBITDA 4.92
Shares Outstanding 135424334
Shares Floating 88013966
Shares Outstanding 135424334
Shares Floating 88013966
Percent Insiders 8.13
Percent Institutions 104.04

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

Adapthealth Corp

Adapthealth Corp(AHCO) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

Adapthealth Corp. was formed through the merger of several durable medical equipment (DME) providers. It officially came into being in 2012. Through acquisitions and organic growth, it has become a leading provider of home medical equipment and services, focused on chronic disease management.

Company business area logo Core Business Areas

  • Sleep Therapy Equipment: Supplies CPAP and BiPAP machines, masks, and related accessories for the treatment of sleep apnea. Includes ongoing resupply programs.
  • Home Medical Equipment (HME): Offers a range of medical equipment, including wheelchairs, walkers, and other mobility aids, as well as respiratory equipment and other home healthcare products.
  • Diabetes Care: Provides continuous glucose monitors (CGMs) and related supplies for patients with diabetes. The company ships CGMs directly to patients' homes, simplifying access to essential diabetes management tools.

leadership logo Leadership and Structure

Luke McGee serves as Chief Executive Officer. The company operates with a management team overseeing various functional areas, including operations, finance, and sales. The Board of Directors provides governance and strategic oversight.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • CPAP/BiPAP Machines and Supplies: These devices are central to treating sleep apnea. The market is competitive, with companies like ResMed (RMD) and Philips (PHG) (Philips is experiencing significant market share loss due to product recalls) being major competitors. Market share data is not readily available, but Adapthealth is a significant player in the resupply market.
  • Continuous Glucose Monitors (CGMs): CGMs help diabetes patients track blood glucose levels in real-time. Competitors include Dexcom (DXCM) and Abbott (ABT). Market share data specific to Adapthealth's CGM distribution is not publicly available, but the overall CGM market is rapidly growing, presenting an opportunity for Adapthealth. Revenue figures for specific product lines are not disclosed by the company.
  • Home Medical Equipment (HME): This category includes mobility equipment, respiratory equipment and others. Competitors include Invacare (IVC) and Permobil. Market share data for HME is fragmented across many small businesses.

Market Dynamics

industry overview logo Industry Overview

The home medical equipment market is driven by an aging population, increasing prevalence of chronic diseases (like sleep apnea and diabetes), and a shift towards home-based healthcare. Technological advancements, such as remote patient monitoring, are also shaping the industry.

Positioning

Adapthealth Corp. is positioned as a leading provider of DME and related services, focused on chronic disease management. Its competitive advantages include its scale, distribution network, and relationships with healthcare providers and payers.

Total Addressable Market (TAM)

The total addressable market for durable medical equipment is estimated to be over $60 billion, growing in the mid-single digits annually. Adapthealth is well-positioned to capture a growing share of this market due to its focus on chronic disease management and its established distribution network.

Upturn SWOT Analysis

Strengths

  • Large scale and established distribution network
  • Strong relationships with healthcare providers and payers
  • Focus on chronic disease management
  • Recurring revenue stream from resupply programs

Weaknesses

  • Reliance on acquisitions for growth
  • Exposure to reimbursement risks from government and private payers
  • High debt levels
  • Integration risks associated with acquired companies

Opportunities

  • Further expansion of chronic disease management offerings
  • Increased adoption of remote patient monitoring technologies
  • Growth in the aging population and prevalence of chronic diseases
  • Potential for strategic acquisitions

Threats

  • Changes in reimbursement policies
  • Increased competition from other DME providers
  • Product recalls or safety concerns
  • Economic downturn impacting consumer spending on healthcare

Competitors and Market Share

Key competitor logo Key Competitors

  • ResMed (RMD)
  • Dexcom (DXCM)
  • Invacare (IVC)
  • Abbott (ABT)

Competitive Landscape

Adapthealth's competitive advantage lies in its scale and established distribution network. However, it faces competition from larger, more diversified healthcare companies and smaller, more specialized DME providers.

Major Acquisitions

Patient Care Medical

  • Year: 2021
  • Acquisition Price (USD millions): 195
  • Strategic Rationale: Expanded presence in diabetes and respiratory care. Diversified geographical footprint.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven primarily by acquisitions, supplemented by organic growth in existing business lines.

Future Projections: Future growth is expected to be driven by continued acquisitions, expansion of chronic disease management offerings, and increased adoption of remote patient monitoring. Analyst estimates vary.

Recent Initiatives: Recent initiatives include acquisitions of companies in the sleep therapy and diabetes care spaces, as well as investments in technology to improve patient engagement and streamline operations.

Summary

Adapthealth Corp is a key player in the DME market, especially in chronic disease management, boosted by strategic acquisitions and a strong distribution network. Its growth depends on effectively integrating new businesses and navigating reimbursement challenges. While the company benefits from a growing market, it carries debt and faces competitive pressures from established players. The company should prioritize profitability and efficient capital allocation to enhance long-term shareholder value.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Filings (SEC)
  • Industry Reports
  • Analyst Estimates
  • Company Website

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Market data and market share are estimations. Financial data needs to be verified against the most current information.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

Information icon warning about potential inaccuracies or hallucinations in Upturn AI-generated summaries AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Adapthealth Corp

Exchange NASDAQ
Headquaters Plymouth Meeting, PA, United States
IPO Launch date 2018-05-24
CEO & Director Ms. Suzanne M. Foster M.P.H.
Sector Healthcare
Industry Medical Devices
Full time employees 10500
Full time employees 10500

AdaptHealth Corp., together with its subsidiaries, distributes home medical equipment (HME), medical supplies, and home and related services in the United States. The company offers sleep therapy equipment, supplies, and related services, such as CPAP and bi-PAP services to individuals suffering from obstructive sleep apnea; medical devices and supplies, including continuous glucose monitors and insulin pumps for the treatment of diabetes; HME to patients discharged from acute care and other facilities; oxygen and related chronic therapy services in the home; and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy, and nutritional supply needs. It also provides wheelchairs, hospital beds, oxygen concentrators, insulin pumps, CPAP masks and related supplies, diabetes management and wound care supplies, wheelchair cushion accessories, orthopedic bracing, breast pumps and supplies, walkers, commodes and canes, and nutritional and incontinence supplies. The company services beneficiaries of Medicare, Medicaid, and commercial insurance payors. AdaptHealth Corp. was founded in 2012 and is headquartered in Plymouth Meeting, Pennsylvania.