Marpai, Inc. (MRAI) vs Oscar Health, Inc. (OSCR)

Marpai, Inc. and Oscar Health, Inc. are both Healthcare Plans companies. Oscar Health, Inc. is the larger, with a market value of $8.9B against $5.2M — 1732.6× the size. Marpai, Inc. has negative trailing earnings, so its P/E is not meaningful; Oscar Health, Inc. trades at 17.3×. Oscar Health, Inc. grew revenue faster over the last twelve months: 42.8% against −29.7%. Oscar Health, Inc. has the higher net margin (3.60% vs −101.5%) and the higher return on invested capital (0.00% vs 0.00%). Across the 15 metrics below, Oscar Health, Inc. leads on 10 and Marpai, Inc. on 5.

Valuation

Metric MRAI OSCR Healthcare Plans median
P/E n/m 17.31 23.75
P/S 4.93 0.58 0.40
P/B n/m 4.35 2.48
Price to free cash flow n/m 2.04 11.15
EV/EBITDA n/m 8.39 10.94
EV/Sales 5.17 0.35 0.37
Earnings yield (24.29%) 5.78% 3.25%
Free cash flow yield (11.32%) 48.96% 8.15%

Profitability

Metric MRAI OSCR Healthcare Plans median
Gross margin 25.86% 20.16% 19.04%
Operating margin (81.83%) 4.11% 1.93%
Net margin (101.51%) 3.60% 1.04%
Free cash flow margin (52.33%) 28.59% 3.18%
Return on equity 47.39% 34.24% 12.48%
Return on assets (164.52%) 6.25% 2.98%
Return on invested capital 0.00% 0.00% 2.04%

Growth

Metric MRAI OSCR Healthcare Plans median
Revenue growth (TTM) (29.73%) 42.82% 7.57%
EPS growth (last fiscal year) 50.52% (1,790.00%) —
Revenue growth, 5-year CAGR — 90.80% 11.88%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MRAI OSCR Healthcare Plans median
Debt to equity (0.27) 0.21 0.70
Current ratio 0.38 0.57 1.32
Net debt to EBITDA (0.37) 5.92 0.05

Dividend

Metric MRAI OSCR Healthcare Plans median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric MRAI OSCR Healthcare Plans median
Market cap 5.16m 8.94b 20.34b

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