OPCH Healthcare

Option Care Health, Inc.

$31.77+0.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Healthcare
Industry: Medical Care Facilities
Country: United States
Market cap: 4.8B USD
Enterprise value: 5.6B USD
Full-time employees: 8,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.47 vs a peer median of 2.59) and more debt relative to equity (0.92× vs a peer median of 0.22×)higher risk: less liquidity (current ratio 1.47 vs peers 2.59) and more debt vs equity (0.92× vs peers 0.22×)
About average: growth

Ranks #576 of 1,157 healthcare companies (top 50%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +38% since 2022, operating cash flow −3.4%.
Option Care Health's reported profit rose 38% since 2022, but the cash its operations generate changed −3.4%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Option Care Health's reported profit rose 38% since 2022, but the cash its operations generate changed −3.4%. When profit and cash diverge like this, it's worth understanding why.
Share count shrinking. Shares outstanding down 18% from December 2022 to July 2026.
Option Care Health had 18% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3.0B in 2020 to $5.6B in 2025.
Option Care Health's fiscal-year revenue rose in each of the five years to 2025, from $3.0B to $5.6B.
Profit is backed by cash. Free cash flow is 145% of reported profit.
Option Care Health's free cash flow is 145% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

52/ 100

Oct 5 55 → Nov 4 52 (-3)

Valuation

Is the price right?

69/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 4.6%

Valuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 1.98Sector median: 0.0148 · MAD: 0.0148

EBITDA yield7.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.75Sector median: 0.0401 · MAD: 0.0401

Free cash flow yield6.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield26.5%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3716 · MAD: 0.2313

Growth

Is it growing?

51/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 50 → 51

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth3.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -0.22Sector median: 0.0976 · MAD: 0.2991

3-year revenue growth11.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.65Sector median: 0.0584 · MAD: 0.0840

Revenue growth5.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.02Sector median: 0.0609 · MAD: 0.0974

Profitability

Does it earn well?

66/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.10Sector median: 0.0706 · MAD: 0.1217

Return on assets6.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.85Sector median: 0.0166 · MAD: 0.0537

Return on invested capital11.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.71Sector median: 0.0471 · MAD: 0.1004

Other data (not scored)

Gross margin19.1%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.4697 · MAD: 0.2310

Return on equity16.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0330 · MAD: 0.1225

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.58

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.13Sector median: 0.6250 · MAD: 0.3380

Current ratio1.47×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.81Sector median: 2.5860 · MAD: 1.3850

Debt / equity0.92×

SEC filings · latest balance sheetReported value33% base weight · Z-score -3.42Sector median: 0.2215 · MAD: 0.2039

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Option Care Health

Is Option Care Health getting weaker?: Its latest SEC filing (Jul 29, 2026) got stronger: share count down 4.6%. Its overall score is unchanged at 52/100 since Oct 28, 2026.
How is Option Care Health valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 1,393 healthcare peers. Earnings yield 4.4% vs a peer median of 1.5% (stronger than 74% of peers).Earnings yield 4.4% vs peers 1.5% (stronger than 74% of peers).
Is Option Care Health growing?: At about the same pace as its peers. Growth scores 51/100 against 1,393 healthcare peers. 3-year revenue growth 11.3% vs a peer median of 5.8% (stronger than 66% of peers).3-year revenue growth 11.3% vs peers 5.8% (stronger than 66% of peers).
How profitable is Option Care Health?: More profitable than most of its peers. Profitability scores 66/100 against 1,393 healthcare peers. Return on assets 6.2% vs a peer median of 1.7% (stronger than 78% of peers).Return on assets 6.2% vs peers 1.7% (stronger than 78% of peers).
How risky is Option Care Health?: Higher risk relative to 1,393 healthcare peers, judged on debt, liquidity and share-price swings. Debt / equity 0.92× vs a peer median of 0.22× (weaker than 80% of peers).Debt / equity 0.92× vs peers 0.22× (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Share count down 4.6%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	5.7B USD	5.7B USD	+0.5%
Net income (12 months)	206.2M USD	209.6M USD	+1.6%
Operating margin	5.8%	5.9%	+0.0 pts
Free cash flow (12 months)	212.6M USD	303.8M USD	+42.9%
Debt	1.2B USD	1.2B USD	−0.1%
Cash	177.3M USD	193.8M USD	+9.3%
Shares outstanding	157.0M	149.8M	−4.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Medical Care Facilities · 27 companies

Valuations in Medical Care Facilities are within their usual range since Jun 2017.

39% of months since Jun 2017 were valued lower than now.
28% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −61% vs the whole market, against a usual −56%.

Jun 2017Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	22.7%	22.0%	22.8%	20.3%	19.3%	▼ 1.0 pts
Operating margin	5.5%	6.1%	7.3%	6.4%	6.0%	▼ 0.5 pts
Net margin	4.1%	3.8%	6.2%	4.2%	3.7%	▼ 0.6 pts
Return on assets (ROA)	5.0%	4.8%	8.3%	6.2%	6.0%	▼ 0.2 pts
Return on equity (ROE)	11.9%	10.9%	18.8%	15.1%	15.7%	▲ 0.6 pts
Free cash flow margin	5.3%	5.9%	7.7%	5.8%	3.8%	▼ 1.9 pts
Current ratio	1.55×	1.76×	1.77×	1.70×	1.53×	▼ 10%
Quick ratio	1.15×	1.36×	1.33×	1.20×	0.96×	▼ 20%
Debt to equity	0.91×	0.77×	0.75×	0.79×	0.88×	▲ 11%
Interest coverage	2.85×	4.46×	6.14×	6.56×	6.19×	▼ 5.6%

OPCH price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 1.47 vs a peer median of 2.59) and more debt relative to equity (0.92× vs a peer median of 0.22×)higher risk: less liquidity (current ratio 1.47 vs peers 2.59) and more debt vs equity (0.92× vs peers 0.22×)

About average: growth

Ranks #576 of 1,157 healthcare companies (top 50%)

See how it ranks against its peers

Worth knowing

Profit growing, cash flow isn't. Profit +38% since 2022, operating cash flow −3.4%.

Option Care Health's reported profit rose 38% since 2022, but the cash its operations generate changed −3.4%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Option Care Health's reported profit rose 38% since 2022, but the cash its operations generate changed −3.4%. When profit and cash diverge like this, it's worth understanding why.

Share count shrinking. Shares outstanding down 18% from December 2022 to July 2026.

Option Care Health had 18% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $3.0B in 2020 to $5.6B in 2025.

Option Care Health's fiscal-year revenue rose in each of the five years to 2025, from $3.0B to $5.6B.

Profit is backed by cash. Free cash flow is 145% of reported profit.

Option Care Health's free cash flow is 145% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about Option Care Health

Is Option Care Health getting weaker?

Its latest SEC filing (Jul 29, 2026) got stronger: share count down 4.6%. Its overall score is unchanged at 52/100 since Oct 28, 2026.

How is Option Care Health valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 1,393 healthcare peers. Earnings yield 4.4% vs a peer median of 1.5% (stronger than 74% of peers).Earnings yield 4.4% vs peers 1.5% (stronger than 74% of peers).

Is Option Care Health growing?

At about the same pace as its peers. Growth scores 51/100 against 1,393 healthcare peers. 3-year revenue growth 11.3% vs a peer median of 5.8% (stronger than 66% of peers).3-year revenue growth 11.3% vs peers 5.8% (stronger than 66% of peers).

How profitable is Option Care Health?

More profitable than most of its peers. Profitability scores 66/100 against 1,393 healthcare peers. Return on assets 6.2% vs a peer median of 1.7% (stronger than 78% of peers).Return on assets 6.2% vs peers 1.7% (stronger than 78% of peers).

How risky is Option Care Health?

Higher risk relative to 1,393 healthcare peers, judged on debt, liquidity and share-price swings. Debt / equity 0.92× vs a peer median of 0.22× (weaker than 80% of peers).Debt / equity 0.92× vs peers 0.22× (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

5.7B USD

5.7B USD

+0.5%

Net income (12 months)

206.2M USD

209.6M USD

+1.6%

Operating margin

5.8%

5.9%

+0.0 pts

Free cash flow (12 months)

212.6M USD

303.8M USD

+42.9%

Debt

1.2B USD

1.2B USD

−0.1%

Cash

177.3M USD

193.8M USD

+9.3%

Shares outstanding

157.0M

149.8M

−4.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

22.7%

22.0%

22.8%

20.3%

19.3%

▼ 1.0 pts

Operating margin

5.5%

6.1%

7.3%

6.4%

6.0%

▼ 0.5 pts

Net margin

4.1%

3.8%

6.2%

4.2%

3.7%

▼ 0.6 pts

Return on assets (ROA)

5.0%

4.8%

8.3%

6.2%

6.0%

▼ 0.2 pts

Return on equity (ROE)

11.9%

10.9%

18.8%

15.1%

15.7%

▲ 0.6 pts

Free cash flow margin

5.3%

5.9%

7.7%

5.8%

3.8%

▼ 1.9 pts

Current ratio

1.55×

1.76×

1.77×

1.70×

1.53×

▼ 10%

Quick ratio

1.15×

1.36×

1.33×

1.20×

0.96×

▼ 20%

Debt to equity

0.91×

0.77×

0.75×

0.79×

0.88×

▲ 11%

Interest coverage

2.85×

4.46×

6.14×

6.56×

6.19×

▼ 5.6%