Alignment Healthcare vs Oscar Health
Oscar Health is the larger business, with $11.70bn of revenue in fiscal 2025 against $3.95bn for Alignment Healthcare (3.0 times as much). Alignment Healthcare grew faster (46.1% against 27.5%). Alignment Healthcare kept more of each dollar of sales as profit: a net margin of -0.0% against -3.8%. Oscar Health carries less debt relative to equity (44.0% against 184.1%).
| Latest fiscal year | Alignment HealthcareALHC, 2025 | Oscar HealthOSCR, 2025 |
|---|---|---|
| Revenue | $3.95bn | $11.70bn |
| Revenue growth | 46.1% | 27.5% |
| Net income | −$724,000 | −$443m |
| Operating margin | 0.4% | -3.4% |
| Net margin | -0.0% | -3.8% |
| Return on equity | -0.5% | -44.5% |
| Free cash flow | $113m | $1.06bn |
| Cash | $576m | $2.77bn |
| Total debt | $330m | $430m |
| Debt to equity | 184.1% | 44.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,849 | 2,305 |
| Market value | $1.55bn | $10.82bn |
| Price vs our value range | — | — |
| Moat score | — | 37 (Weak) |
| Insider trades, 12 months | 1 buys, 79 sales | 1 buys, 61 sales |