Valuation
26% of the score
0median 56
An operating loss over the last year: there are no earnings to price.
AHCOAdaptHealth Corp.
$5.66-40% 1Y
$5.66
$5.2252 weeks$13.38
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 28 out of 100, Weak
Weak. AdaptHealth Corp. scores higher than 22% of the 1,794 companies Ryufin scores.
Carried by cycle position and capital allocation, held back by valuation and return on capital.
Healthcare median 29 · all companies 57
How the score has moved
At each fiscal year end, from the reports and price of the time46
48
24
42
35
28
20212022202320242025today
The biggest move was down 24 points from 2022 to 2023, mostly return on new capital.
Return on capital
18% of the score
0median 34
Over 7 years the business earned 0.3% a year after tax on the capital it uses.
2%
8%
15%
25%
0.3%
None at 2% or less, full points from 25%full points
7 years agolatest 1.9%
Return on new capital
16% of the score
0median 49
No operating profit over the period, so nothing was earned to reinvest.
Capital allocation
14% of the score
75median 67
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 0.4% a year over 4 years: new shares
585%
-3%
0.4%
0 pointsfull points
Assets against salesAssets grew 19% a year, sales 25%
10012%
-2%
-6.2%
0 pointsfull points
Cycle position
12% of the score
100median 62
Today's operating margin of -4.5% is -0.65x its normal 6.9%: near a trough. Normal is half the 8 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
-0.6x
A trough earns points, a peak costs themfull points
8 years agonow -4.5%
Balance sheet
8% of the score
0median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA6.1x a year of EBITDA
04.5x
0.5x
6.1x
0 pointsfull points
Interest coverAn operating loss: the interest is not covered
01.5x
12x
-1.4x
0 pointsfull points
Earnings quality
6% of the score
100median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
AccrualsCash ran ahead of profit by 15.3% of assets
1008%
0%
-8%
-15%
0 pointsfull points
Beneish M-score-3.24
100-1.50
-1.78
-2.22
-3.00
-3.24
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.