AHCO

AdaptHealth

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Healthcare

industry

Medical Devices

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/05/26

Business Summary

Deckers Outdoor operates a branded footwear and accessories model within the Consumer Cyclical sector, monetizing through premium positioning and controlled distribution. The company converts brand equity into high-margin sales, evidenced by its 39.90% operating margin and strong capital efficiency. Cash generation is driven by pricing power and disciplined capital allocation, reflected in a 35.30% ROIC. Its moat is rooted in brand strength and operational execution, allowing it to extract economic profits well above average industry returns.

VALUATION

P/E

-

Market Cap ($M USD)

$1,654

Forward P/E

9.8

PEG

0.8

PRICE TO SALES

0.5

PRICE TO BOOK

1.1

EV / EBITDA

7.3

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.52

Next Year EPS Growth Estimate

$1.24

Next Year Revenue Growth Estimate

7.20%

Return on Equity (ROE)

-4.70%

Operating Margin

5.70%

Debt-to-Equity

1.3

Piotroski F-Score

5

Altman Z-Score

1.1

Return on Invested Capital (ROIC)

0.40%%

Current Ratio

1

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 15.3x earnings and 14.8x forward earnings, DECK is priced like a no-growth cyclical despite posting a 35.30% ROIC and a fortress-level Altman Z-Score of 9.9. The balance sheet risk is negligible, and bankruptcy probability is effectively de minimis. A PEG of 2 suggests the market doubts forward growth durability, yet the valuation multiple is already compressed relative to quality metrics. This is not a distressed story—it’s a high-return operator being valued as an average retailer, which creates a potential mispricing if earnings stability holds.

AI Exposure / Tech Reliance

As a Consumer Cyclical company in Footwear & Accessories, DECK operates in a segment increasingly driven by digital channels, data-driven inventory management, and direct-to-consumer optimization. Companies in this space that leverage analytics for demand forecasting and supply chain efficiency can protect margins, and DECK’s 39.90% operating margin suggests strong operational control. Its ability to sustain a 35.30% ROIC implies effective capital allocation, which is critical as retail integrates AI-driven merchandising and personalization tools.

The Bull Case

A GARP investor buys this because 35.30% ROIC is elite, and pairing that with a 39.90% operating margin signals a business that converts revenue into real economic profit. The Altman Z-Score of 9.9 and Current Ratio of 2.9 show liquidity strength and negligible solvency risk, giving downside protection. Even with a Piotroski F-Score of 3, the company still generates $9.5 in EPS and trades at just 15.3x earnings—hardly excessive for a company earning returns far above its cost of capital. Institutional Ownership at $127.16 suggests strong professional participation, and with a Forward P/E of 14.8, investors are paying a market-like multiple for above-market capital efficiency.

The Bear Case

Now the problems: a PEG of 2 signals that growth relative to valuation is not compelling. EPS is $9.5 today, yet EPS Next Year (Est.) is $7.06, implying an earnings contraction that directly challenges the low multiple narrative. Return on Equity at 7.00% is mediocre relative to the 35.30% ROIC, raising questions about capital structure efficiency despite Debt/Equity of 23.80%. A Piotroski F-Score of 3 is weak and signals deteriorating fundamental quality, and with no meaningful dividend support (TTM Yield 0.1, Dividend 5-Year Avg 0), shareholders rely entirely on multiple expansion or earnings reacceleration.

Market Sentiment & Smart Money

Short Interest %

8.70%

Analyst Consensus

1.78

Average Analyst Price Target

$12.88

Institutional Ownership %

107.00%

1-Year Beta

0.83

Insider Buying % (6 Mo)

2.90%%

Distance to 52-Week High

98.50%%

Distance to 52-Week Low

171.30%%