Adapthealth Corp (AHCO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 131,661 | -210,512 | -730,098 | -737,405 | -727,888 | -453,104 | 57,272 | 60,781 | 94,141 | 124,926 | 173,396 | 241,948 | 188,929 | 68,192 | -57,956 | -143,097 | -173,623 | -100,284 | -46,987 | -53,368 |
| 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 |
| Pretax margin | 4.08% | -6.59% | -23.08% | -23.65% | -23.70% | -15.12% | 1.94% | 2.10% | 3.29% | 5.88% | 8.60% | 12.74% | 11.29% | 4.07% | -4.38% | -14.89% | -25.19% | -12.28% | -6.95% | -9.52% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $131,661K ÷ $3,226,960K
= 4.08%
The pretax margin of Adapthealth Corp has shown variability over the past few years. The trend indicates that the company experienced negative pretax margins in the initial periods, with a notable decline at December 31, 2020, reaching -25.19%. However, there was a gradual improvement in the pretax margin starting from March 31, 2021, reaching positive figures by September 30, 2021. The pretax margin continued to improve through the following quarters, peaking at 12.74% on March 31, 2022.
Subsequently, there was a slight decline in the pretax margin, dropping to 1.94% by June 30, 2023. The pretax margin turned negative again in the second half of 2023 and remained negative up to December 31, 2024, though with fluctuations. Notably, there was a significant recovery in the pretax margin by the end of the period, with a positive pretax margin of 4.08% recorded on December 31, 2024.
Overall, the pretax margin trend of Adapthealth Corp suggests a mix of challenges and improvements in the company's ability to generate profits before taxes. Further analysis of the underlying factors driving these fluctuations would be necessary to provide a more detailed assessment of the company's financial performance.
Peer comparison
Dec 31, 2024