AdaptHealth Corp.
AHCO · Services-Home Health Care Services · 136.1M shares · +56%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $7M (gross $29M, SBC $22M)
Reference price $10.06 · est. market cap ~$1.4B — last insider sale, 2026-06-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58AdaptHealth — home-medical-equipment provider, net loss but strong cash flow.
Strengths
- Free cash flow 78th pct, operating cash margin (67th); scale in HME
- Recurring resupply (CPAP/diabetes) revenue
Risks
- Net loss (impairments); high leverage (D/E 1.13, 82nd)
- Reimbursement and competitive-bidding exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
18.8%
Operating margin
2.8%
Net margin
-2.2%
Return on equity
-4.7%
Return on assets
-1.6%
ROIC
2.2%
Revenue growth (QoQ)
-3.1%
Net-income growth
-178.3%
Debt / equity
1.1×
Current ratio
1.0×
Free cash flow
$219M
EBITDA
$473M
Tangible book value
-$1.1B
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | Weaver Susan T | Grant | 19K | — |
| 2026-06-24 | Williams David Solomon III | Grant | 19K | — |
| 2026-06-24 | Connors Terence J | Grant | 19K | — |
| 2026-06-24 | BELINFANTI GREGORY | Grant | 19K | — |
| 2026-06-24 | Coppens Bradley J | Grant | 19K | — |
| 2026-06-24 | Lundberg Theodore B. | Grant | 19K | — |
| 2026-06-24 | WOLF DALE B | Grant | 19K | — |
| 2026-06-24 | SAMET KENNETH A | Grant | 19K | — |
| 2026-06-24 | SAMET KENNETH A | Grant | 6.1K | $9.89 |
| 2026-06-01 | Schuster III Russell E. | Sell | 11K | $10.06 |
| 2026-05-27 | McFadden Daniel Edward | Grant | 20K | — |
| 2026-03-20 | CASHIN RICHARD M JR | Buy | 447K | $9.91 |
| 2026-03-20 | OEP VII GP, L.L.C. | Buy | 447K | $9.91 |
| 2026-03-19 | OEP VII GP, L.L.C. | Buy | 727 | $9.94 |
| 2026-03-19 | CASHIN RICHARD M JR | Buy | 727 | $9.94 |
| 2026-03-13 | Prast Albert A. | Tax withheld | 58K | $10.33 |
| 2026-03-13 | Prast Albert A. | Option exercise | 89K | $4.38 |
| 2026-03-13 | Prast Albert A. | Tax withheld | 58K | $10.33 |
| 2026-03-12 | CASHIN RICHARD M JR | Buy | 689K | $9.73 |
| 2026-03-12 | OEP VII GP, L.L.C. | Buy | 689K | $9.73 |
| 2026-03-11 | CASHIN RICHARD M JR | Buy | 537K | $9.73 |
| 2026-03-11 | OEP VII GP, L.L.C. | Buy | 537K | $9.73 |
| 2026-03-10 | OEP VII GP, L.L.C. | Buy | 821K | $9.73 |
| 2026-03-10 | CASHIN RICHARD M JR | Buy | 821K | $9.73 |
| 2026-03-05 | Weaver Susan T | Gift | 73K | — |
| 2026-03-05 | Weaver Susan T | Gift | 73K | — |
| 2026-02-27 | WOLF DALE B | Buy | 8.0K | $8.96 |
| 2026-02-26 | Rew Richard W. II | Buy | 5.0K | $8.91 |
| 2026-01-30 | Schuster III Russell E. | Grant | 49K | — |
| 2026-01-30 | Rew Richard W. II | Grant | 54K | — |
| 2026-01-30 | Barnhart Toby Scott | Grant | 68K | — |
| 2026-01-30 | Prast Albert A. | Grant | 63K | — |
| 2026-01-30 | McFadden Daniel Edward | Grant | 29K | — |
| 2026-01-30 | Foster Suzanne | Grant | 329K | — |
| 2026-01-30 | Archbold Christine E. | Grant | 32K | — |
| 2026-01-30 | Clemens Jason A | Grant | 127K | — |
| 2026-01-09 | Lundberg Theodore B. | Grant | 14K | — |
| 2026-01-09 | BELINFANTI GREGORY | Grant | 12K | — |
| 2025-12-04 | Williams David Solomon III | Sell | 5.0K | $9.43 |
| 2025-08-22 | Williams David Solomon III | Sell | 8.2K | $9.73 |
| 2025-06-26 | Lundberg Theodore B. | Grant | 21K | — |
| 2025-06-26 | Lundberg Theodore B. | Grant | 7.9K | — |
| 2025-06-26 | Connors Terence J | Grant | 21K | — |
| 2025-06-26 | Weaver Susan T | Grant | 21K | — |
| 2025-06-26 | BELINFANTI GREGORY | Grant | 21K | — |
| 2025-06-26 | BELINFANTI GREGORY | Grant | 6.7K | — |
| 2025-06-26 | WOLF DALE B | Grant | 21K | — |
| 2025-06-26 | Williams David Solomon III | Grant | 21K | — |
| 2025-06-26 | Nole Diana L | Grant | 21K | — |
| 2025-06-26 | Coppens Bradley J | Grant | 21K | — |
| 2025-02-01 | Schuster III Russell E. | Grant | 48K | — |
| 2025-02-01 | Schuster III Russell E. | Grant | 51K | — |
| 2025-02-01 | Rew Richard W. II | Grant | 48K | — |
| 2025-02-01 | Prast Albert A. | Grant | 63K | — |
| 2025-02-01 | Clemens Jason A | Grant | 126K | — |
| 2025-02-01 | Barnhart Toby Scott | Grant | 63K | — |
| 2025-02-01 | Archbold Christine E. | Grant | 32K | — |
| 2025-02-01 | Foster Suzanne | Grant | 271K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | Shareholder vote | filing ↗ |
| 2026-06-02 | Exec/director changeExhibits | filing ↗ |
| 2026-05-05 | ResultsExec/director changeExhibits | filing ↗ |
| 2026-04-13 | Material agreement1.02Debt obligationReg FDExhibits | filing ↗ |
| 2026-02-24 | ResultsExhibits | filing ↗ |
| 2025-11-04 | ResultsExhibits | filing ↗ |
| 2025-08-05 | Reg FDExhibits | filing ↗ |
| 2025-08-05 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-18 | 0001104659-26-076390 ↗ |
| 8-K/A | 2026-06-02 | 2026-05-04 | 0001104659-26-069119 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001628280-26-030602 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001628280-26-030120 ↗ |
| 8-K | 2026-04-13 | 2026-04-10 | 0001628280-26-024835 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001628280-26-010872 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001628280-26-011213 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001628280-25-048944 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001628280-25-048527 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0001628280-25-037931 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001104659-25-073912 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001628280-25-037598 ↗ |