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Clover Health Investments vs Oscar Health

Oscar Health is the larger business, with $11.70bn of revenue in fiscal 2025 against $1.92bn for Clover Health Investments (6.1 times as much). Clover Health Investments grew faster (40.3% against 27.5%). Oscar Health kept more of each dollar of sales as profit: a net margin of -3.8% against -4.4%. Clover Health Investments carries less debt relative to equity (0.0% against 44.0%).

Latest fiscal yearClover Health InvestmentsCLOV, 2025Oscar HealthOSCR, 2025
Revenue $1.92bn $11.70bn
Revenue growth 40.3% 27.5%
Net income −$85.5m −$443m
Operating margin -4.4% -3.4%
Net margin -4.4% -3.8%
Return on equity -26.3% -44.5%
Free cash flow −$69.0m $1.06bn
Cash $78.3m $2.77bn
Total debt $0 $430m
Debt to equity 0.0% 44.0%
Dividend per share — —
Dividend yield — —
Share buybacks $18.3m —
Employees 724 2,305
Market value $2.35bn $10.34bn
Price vs our value range — —
Moat score 17 (Weak) 37 (Weak)
Insider trades, 12 months 0 buys, 42 sales 1 buys, 61 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.