What is the primary revenue source for AdaptHealth (AHCO)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze AHCO's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out AdaptHealth's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How AdaptHealth Makes Money: AHCO Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

The largest revenue segment accounts for 52.46% of revenue, indicating concentration.

Revenue: USD 1.42B
Largest revenue segment share (Sleep Health): 52.46%
Cost of revenue: USD 1.22B
Selling, general and administrative: USD 189.98M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Sleep Health)Sleep Health · segment_value / revenue * 100
RevenueNet revenue · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of net revenue · CostOfGoodsAndServicesSold
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)

Assets

Where is the money tied up, and how is the company financed?

Watch

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill accounts for 54.61% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 2.37B
Property, plant and equipment: USD 656.37M
Accounts receivable: USD 390.39M
Total liabilities: USD 2.95B
Shareholder equity: USD 1.39B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentEquipment and other fixed assets, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityTotal stockholders' equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableAccounts receivable · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow is negative after capital expenditure.

Operating cash flow: USD 239.02M
Free cash flow: USD −48.43M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

There was no material cash return; earnings stayed in the business without significant dilution.

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

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Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?