Adapthealth Corp (AHCO)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-678,895	69,316	156,175	-161,632	-21,341
Revenue	US$ in thousands	3,071,300	2,862,560	2,350,980	1,023,920	488,218
Net profit margin		-22.10%	2.42%	6.64%	-15.79%	-4.37%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-678,895K ÷ $3,071,300K
= -22.10%

The net profit margin of AdaptHealth Corp has varied over the past five years. In 2023, the company reported a negative net profit margin of -21.21%, indicating that its expenses exceeded its revenues, resulting in a net loss. This is a significant decline from the previous year's net profit margin of 2.14%.

In 2022, the net profit margin improved to 2.14%, reflecting the company's ability to generate profit relative to its revenue. The net profit margin further increased in 2021 to 5.78%, which signifies an improvement in the company's profitability compared to the previous year.

However, in 2020, AdaptHealth Corp experienced a decrease in profitability with a negative net profit margin of -15.30%. This suggests that the company incurred expenses that exceeded its revenues and resulted in a net loss.

Looking back to 2019, the net profit margin was also negative at -2.83%, indicating a similar pattern of expenses exceeding revenues. Overall, the trend in the net profit margin of AdaptHealth Corp highlights fluctuations in the company's profitability over the past five years, with variations from profitability to losses.