Oscar Health, Inc.

OSCR Healthcare Healthcare Plans

Oscar Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 billion, up 27.5% from fiscal 2024.

Revenue
+72.1%
EPS
+201.9%
Free cash flow
−24.5%
Total debt
−37.0%

Quarter to September 2026, against a year earlier

30.65 2.53 −7.63%
Market cap
$10.2B
P/E
11.0×
Fwd P/E
15.9×
Dividend yield
—
F-score
3/9
Altman Z
1.07
Beneish M
−2.18
Dividend safety
n/a

Oscar Health, Inc. (OSCR) Operating margin

Alert me on Operating margin

Oscar Health, Inc.'s operating margin over the twelve months to 30 September 2026 was 5.36%, up 8.8 percentage points from fiscal 2025 (−3.39%). Over the past ten years it has ranged from −86.9% (fiscal 2020) to 0.62% (fiscal 2024); the current reading is higher than 86% of that period. That is above the Healthcare Plans industry median of 2.48% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −3.39% (4.01)
FY2024 0.62% 4.64
FY2023 −4.02% 10.86
FY2022 −14.9% 14.73
FY2021 −29.6% 57.31
FY2020 −86.9% (33.79)
FY2019 −53.1% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 3.46% (4.50)
Jun 2026 7.96% (7.19)
Mar 2026 15.2% 27.05
Dec 2025 −11.9% (7.57)
23 more quarters

Against its own ten years

Low −86.9% High 0.62%
Ten-year median −14.9%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
PGNY Progyny, Inc. compare 9.40%
OSCR Oscar Health, Inc. 5.36%
ELV Elevance Health, Inc. compare 3.81%
CI Cigna Group compare 3.41%
HUM Humana Inc. compare 1.54%
ALHC Alignment Healthcare, Inc. compare 0.88%
CNC Centene Corporation compare 0.49%
CLOV Clover Health Investments, Corp. compare 0.45%
MOH Molina Healthcare, Inc compare 0.39%
Healthcare Plans industry median 2.48%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on OSCR