Adapthealth Corp (AHCO)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	679,550	350,692	309,392	342,060	125,319
Revenue	US$ in thousands	3,259,430	3,071,300	2,862,560	2,350,980	1,023,920
Gross profit margin		20.85%	11.42%	10.81%	14.55%	12.24%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $679,550K ÷ $3,259,430K
= 20.85%

Based on the provided data, Adapthealth Corp's gross profit margin has shown some fluctuations over the years.

Between December 31, 2020, and December 31, 2021, the gross profit margin increased from 12.24% to 14.55%, indicating an improvement in the company's ability to generate profit after accounting for the cost of goods sold.

However, in the following years, the gross profit margin experienced some volatility. By December 31, 2022, it decreased to 10.81%, showing a temporary decline in profitability. This trend continued in 2023 with a slight increase to 11.42%, suggesting that the company may have faced challenges in maintaining consistent profitability during that period.

Notably, by December 31, 2024, the gross profit margin significantly improved to 20.85%, which marks a substantial recovery and enhancement in the company's profitability compared to previous years.

Overall, the analysis of Adapthealth Corp's gross profit margin highlights both positive and negative trends in the company's ability to generate profit from its core operations over the past few years. Further investigation and monitoring may be needed to understand the factors driving these fluctuations and to assess the company's financial performance more comprehensively.