Centene Corporation (CNC) vs Oscar Health, Inc. (OSCR)

Centene Corporation and Oscar Health, Inc. are both Healthcare Plans companies. Centene Corporation is the larger, with a market value of $36.7B against $10.2B — 3.6× the size. Oscar Health, Inc. trades at the lower P/E: 11.0× against 23.5×. Oscar Health, Inc. grew revenue faster over the last twelve months: 54.8% against 9.71%. Oscar Health, Inc. has the higher net margin (4.90% vs 0.72%) and the lower return on invested capital (0.00% vs 4.42%). Across the 21 metrics below, Oscar Health, Inc. leads on 14 and Centene Corporation on 7.

Valuation

Metric CNC OSCR Healthcare Plans median
P/E 23.48 11.01 22.50
P/S 0.17 0.54 0.40
P/B 1.55 4.26 2.77
Price to free cash flow 8.73 2.29 14.76
EV/EBITDA 11.81 8.60 12.61
EV/Sales 0.13 0.31 0.36
Earnings yield 4.26% 9.08% 3.79%
Free cash flow yield 11.45% 43.73% 6.62%

Profitability

Metric CNC OSCR Healthcare Plans median
Gross margin 7.78% 20.57% 19.35%
Operating margin 0.49% 5.36% 2.48%
Net margin 0.72% 4.90% 1.45%
Free cash flow margin 1.93% 23.70% 3.26%
Return on equity 6.74% 52.60% 13.58%
Return on assets 1.81% 10.86% 3.11%
Return on invested capital 4.42% 0.00% 5.93%

Growth

Metric CNC OSCR Healthcare Plans median
Revenue growth (TTM) 9.71% 54.77% 6.77%
EPS growth (last fiscal year) (314.42%) (1,790.00%) (8.27%)
Revenue growth, 5-year CAGR 11.88% 90.80% 11.88%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CNC OSCR Healthcare Plans median
Debt to equity 0.70 0.19 0.67
Current ratio 1.16 0.00 1.32
Net debt to EBITDA 0.46 5.92 0.05

Dividend

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

Size

Metric CNC OSCR Healthcare Plans median
Market cap 36.72b 10.24b 24.02b

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