Adapthealth Corp (AHCO)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	263,732	-51,739	-576,262	-574,047	-598,401	-353,865	160,120	165,036	190,411	232,758	255,519	261,748	225,605	190,823	128,372	78,535	71,346	37,445	32,910	32,251
Revenue (ttm)	US$ in thousands	3,226,960	3,195,253	3,163,650	3,118,561	3,071,305	2,996,410	2,952,637	2,893,848	2,862,561	2,123,026	2,015,922	1,899,702	1,673,661	1,677,361	1,322,838	961,338	689,118	816,705	675,717	560,602
Operating profit margin		8.17%	-1.62%	-18.22%	-18.41%	-19.48%	-11.81%	5.42%	5.70%	6.65%	10.96%	12.68%	13.78%	13.48%	11.38%	9.70%	8.17%	10.35%	4.58%	4.87%	5.75%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $263,732K ÷ $3,226,960K
= 8.17%

The operating profit margin of Adapthealth Corp has shown varying trends over the analyzed periods. It started at a relatively healthy 5.75% in March 2020, but experienced a slight decrease to 4.87% by June 2020. However, there was a more significant decline to 4.58% in September 2020 before a notable improvement to 10.35% in December 2020.

The positive trend continued into 2021, with the operating profit margin reaching 8.17% by March and further improving to 9.70% by June. The strongest performance was seen in September 2021, with an operating profit margin of 11.38% and peaking at 13.48% in December 2021.

In the following quarters of 2022, there was a gradual decline in the operating profit margin, dropping to 6.65% by December. The trend continued into 2023, with a low of -19.48% in December, reflecting challenges in operational efficiency.

However, there was a slight recovery in the first half of 2024, with operating profit margins hovering around -18% before finally improving to 8.17% by December 2024. The fluctuating operating profit margins indicate potential volatility in Adapthealth Corp's operational performance and the need for continuous monitoring and strategic adjustments to enhance profitability.