Alignment Healthcare, Inc. (ALHC) vs Oscar Health, Inc. (OSCR)

Alignment Healthcare, Inc. and Oscar Health, Inc. are both Healthcare Plans companies. Oscar Health, Inc. is the larger, with a market value of $10.2B against $1.6B — 6.5× the size. Oscar Health, Inc. trades at the lower P/E: 11.0× against 48.4×. Oscar Health, Inc. grew revenue faster over the last twelve months: 54.8% against 35.9%. Oscar Health, Inc. has the higher net margin (4.90% vs 0.59%) and the higher return on invested capital (0.00% vs 0.00%). Across the 20 metrics below, Oscar Health, Inc. leads on 15 and Alignment Healthcare, Inc. on 5.

Valuation

Metric ALHC OSCR Healthcare Plans median
P/E 48.41 11.01 22.50
P/S 0.31 0.54 0.40
P/B 5.52 4.26 2.77
Price to free cash flow 19.84 2.29 14.76
EV/EBITDA 14.50 8.60 12.61
EV/Sales 0.23 0.31 0.36
Earnings yield 2.07% 9.08% 3.79%
Free cash flow yield 5.04% 43.73% 6.62%

Profitability

Metric ALHC OSCR Healthcare Plans median
Gross margin 11.93% 20.57% 19.35%
Operating margin 0.88% 5.36% 2.48%
Net margin 0.59% 4.90% 1.45%
Free cash flow margin 1.56% 23.70% 3.26%
Return on equity 13.18% 52.60% 13.58%
Return on assets 2.41% 10.86% 3.11%
Return on invested capital 0.00% 0.00% 5.93%

Growth

Metric ALHC OSCR Healthcare Plans median
Revenue growth (TTM) 35.87% 54.77% 6.77%
EPS growth (last fiscal year) 100.00% (1,790.00%) (8.27%)
Revenue growth, 5-year CAGR 32.71% 90.80% 11.88%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALHC OSCR Healthcare Plans median
Debt to equity 1.17 0.19 0.67
Current ratio 1.71 0.00 1.32
Net debt to EBITDA (6.15) 5.92 0.05

Dividend

Metric ALHC OSCR Healthcare Plans median
Dividend yield — — 2.11%
Payout ratio — — 0.31

Size

Metric ALHC OSCR Healthcare Plans median
Market cap 1.58b 10.24b 24.02b

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