Tearsheet

Option Care Health (OPCH)


Market Price (3/21/2026): $28.17 | Market Cap: $4.5 Bil
Sector: Health Care | Industry: Health Care Facilities

Option Care Health (OPCH)


Market Price (3/21/2026): $28.17
Market Cap: $4.5 Bil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Low stock price volatility
Vol 12M is 31%
Weak multi-year price returns
2Y Excs Rtn is -37%, 3Y Excs Rtn is -77%
Key risks
OPCH key risks include [1] persistent margin pressure from reduced reimbursement rates by third-party payers and [2] an anticipated negative impact on 2025 gross profit due to a key supplier's pricing change on a specific therapy.
1 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Remote Patient Monitoring, Oncology Treatments, Show more.
  
0 Low stock price volatility
Vol 12M is 31%
1 Megatrend and thematic drivers
Megatrends include Digital Health & Telemedicine, and Aging Population & Chronic Disease. Themes include Remote Patient Monitoring, Oncology Treatments, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -37%, 3Y Excs Rtn is -77%
3 Key risks
OPCH key risks include [1] persistent margin pressure from reduced reimbursement rates by third-party payers and [2] an anticipated negative impact on 2025 gross profit due to a key supplier's pricing change on a specific therapy.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Option Care Health (OPCH) stock has lost about 10% since 11/30/2025 because of the following key factors:

1. Option Care Health's full-year 2026 revenue guidance fell below analyst expectations. The company guided for net revenue between $5.8 billion and $6.0 billion for 2026. The midpoint of this guidance, $5.9 billion, was approximately 1.4% lower than the consensus analyst estimate of $6.12 billion, leading to a negative market reaction.

2. The company anticipates a significant headwind from Stelara biosimilars in 2026. Option Care Health expects a 400 basis point (4%) revenue growth headwind and a $25 million to $35 million gross profit headwind for the full year 2026, stemming from the adoption and conversion to Stelara biosimilars.

Show more

Stock Movement Drivers

Fundamental Drivers

The -9.5% change in OPCH stock from 11/30/2025 to 3/20/2026 was primarily driven by a -10.8% change in the company's P/E Multiple.
(LTM values as of)113020253202026Change
Stock Price ($)31.1028.16-9.5%
Change Contribution By: 
Total Revenues ($ Mil)5,5305,6502.2%
Net Income Margin (%)3.8%3.7%-2.9%
P/E Multiple24.121.5-10.8%
Shares Outstanding (Mil)1621582.3%
Cumulative Contribution-9.5%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/20/2026
ReturnCorrelation
OPCH-9.5% 
Market (SPY)-4.8%7.5%
Sector (XLV)-7.8%30.7%

Fundamental Drivers

The -1.8% change in OPCH stock from 8/31/2025 to 3/20/2026 was primarily driven by a -6.5% change in the company's Net Income Margin (%).
(LTM values as of)83120253202026Change
Stock Price ($)28.6828.16-1.8%
Change Contribution By: 
Total Revenues ($ Mil)5,3745,6505.1%
Net Income Margin (%)3.9%3.7%-6.5%
P/E Multiple22.121.5-3.0%
Shares Outstanding (Mil)1631583.0%
Cumulative Contribution-1.8%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/20/2026
ReturnCorrelation
OPCH-1.8% 
Market (SPY)1.1%18.7%
Sector (XLV)6.2%33.5%

Fundamental Drivers

The -15.9% change in OPCH stock from 2/28/2025 to 3/20/2026 was primarily driven by a -19.6% change in the company's P/E Multiple.
(LTM values as of)22820253202026Change
Stock Price ($)33.5028.16-15.9%
Change Contribution By: 
Total Revenues ($ Mil)4,9985,65013.0%
Net Income Margin (%)4.2%3.7%-13.3%
P/E Multiple26.721.5-19.6%
Shares Outstanding (Mil)1691586.7%
Cumulative Contribution-15.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/20/2026
ReturnCorrelation
OPCH-15.9% 
Market (SPY)10.4%21.0%
Sector (XLV)-1.1%33.6%

Fundamental Drivers

The -8.2% change in OPCH stock from 2/28/2023 to 3/20/2026 was primarily driven by a -42.1% change in the company's P/E Multiple.
(LTM values as of)22820233202026Change
Stock Price ($)30.6728.16-8.2%
Change Contribution By: 
Total Revenues ($ Mil)3,9455,65043.2%
Net Income Margin (%)3.8%3.7%-3.7%
P/E Multiple37.121.5-42.1%
Shares Outstanding (Mil)18215815.0%
Cumulative Contribution-8.2%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/20/2026
ReturnCorrelation
OPCH-8.2% 
Market (SPY)70.3%24.3%
Sector (XLV)19.6%35.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OPCH Return82%6%12%-31%37%-9%86%
Peers Return11%-26%41%8%27%-1%56%
S&P 500 Return27%-19%24%23%16%-3%76%

Monthly Win Rates [3]
OPCH Win Rate58%50%67%42%50%33% 
Peers Win Rate46%33%42%48%60%47% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
OPCH Max Drawdown0%-66%-11%-35%-2%-9% 
Peers Max Drawdown-23%-38%-24%-24%-24%-12% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-3% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CVS, UNH, AVAH, ADUS, EHAB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)

How Low Can It Go

Unique KeyEventOPCHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-65.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven190.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven60 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-65.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven193.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven307 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-59.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven148.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven260 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-85.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven603.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven510 days1,480 days

Compare to CVS, UNH, AVAH, ADUS, EHAB

In The Past

Option Care Health's stock fell -65.6% during the 2022 Inflation Shock from a high on 1/3/2022. A -65.6% loss requires a 190.3% gain to breakeven.

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About Option Care Health (OPCH)

Option Care Health, Inc. offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including Crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders. It also offers treatments to manage the progression of neurological disorders, such as amyotrophic lateral sclerosis and duchenne muscular dystrophy; infusion therapies for bleeding disorders; therapies that women need to survive and thrive through high-risk pregnancies; and other infusion therapies to treat various conditions, including pain management, chemotherapy, and respiratory medications, as well as nursing services. Option Care Health, Inc. is headquartered in Bannockburn, Illinois.

AI Analysis | Feedback

1. It's like a 'Mayo Clinic for infusion therapies,' but the treatments and expert nurses come directly to your home instead of you going to a central facility.

2. Think of it as 'Carvana for specialized medical infusions,' where Option Care Health brings complex, hospital-level treatments and expert nursing care directly to your home, bypassing traditional clinics.

AI Analysis | Feedback

  • Anti-infective Infusion Therapies: Provides home infusion services for treating various infections.
  • Heart Failure Infusion Therapies: Offers home infusion services specifically designed to treat heart failures.
  • Nutrition Support Services: Delivers home parenteral and enteral nutrition for acute and chronic conditions like stroke, cancer, and gastrointestinal diseases.
  • Immunoglobulin Infusion Therapies: Administers treatments for patients suffering from immune deficiencies.
  • Chronic Inflammatory Disorder Treatments: Supplies therapies for conditions such as Crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, and ulcerative colitis.
  • Neurological Disorder Therapies: Manages the progression of neurological disorders like amyotrophic lateral sclerosis and duchenne muscular dystrophy through infusion.
  • Bleeding Disorder Therapies: Provides infusion therapies tailored for various bleeding disorders.
  • High-Risk Pregnancy Therapies: Offers essential therapies to support women through high-risk pregnancies.
  • Other Specialized Infusion Therapies: Includes treatments for pain management, chemotherapy, and respiratory medications for various conditions.
  • Nursing Services: Provides professional nursing support alongside infusion therapies.

AI Analysis | Feedback

Option Care Health (OPCH) primarily sells its home and alternate site infusion services to **individuals** (patients) in the United States. Based on the therapies and conditions mentioned in the company description, its customer base can be categorized as follows:

  1. Patients with Complex and Chronic Conditions: This category includes individuals requiring ongoing infusion therapies for long-term management of conditions such as heart failure, neurological disorders (e.g., amyotrophic lateral sclerosis, duchenne muscular dystrophy), bleeding disorders, chronic inflammatory disorders (e.g., Crohn's disease, rheumatoid arthritis), and those needing home parenteral or enteral nutrition support for various acute and chronic conditions.

  2. Patients Requiring Anti-infective and Acute Care Therapies: This segment comprises individuals receiving anti-infective therapies, as well as those needing infusion services for pain management, chemotherapy for cancer treatment, and respiratory medications, often for more acute or specific treatment courses.

  3. Patients with Immune Deficiencies and High-Risk Pregnancy Needs: This category serves specialized patient populations, specifically those requiring immunoglobulin infusion therapies for the treatment of immune deficiencies and women needing specialized therapies to manage high-risk pregnancies.

AI Analysis | Feedback

  • McKesson Corporation (MCK)
  • Cencora (COR)
  • Cardinal Health, Inc. (CAH)

AI Analysis | Feedback

John C. Rademacher, President and Chief Executive Officer

John C. Rademacher was appointed CEO of Option Care Health in January 2018, having previously served as interim CEO since August 2017. From 2015 to 2018, he was the company's Chief Operating Officer. Prior to joining Option Care Health, Mr. Rademacher held various executive-level positions at leading healthcare companies. These roles included President of Ambulatory Care (2012-2014) and President of Nuclear & Pharmacy Services (2007-2012) at Cardinal Health, Inc., a publicly-traded multinational healthcare services company. He also served as President of CareAllies and Chief Operating Officer for the CIGNA Behavioral Health business at Cigna Corporation, where he was responsible for developing and delivering care management and population health programs.

Meenal Sethna, Chief Financial Officer

Meenal Sethna assumed the role of Chief Financial Officer for Option Care Health on October 1, 2025. Before joining Option Care Health, she served as CFO of Littelfuse, an industrial technology manufacturing company. Ms. Sethna has also held leadership positions at Illinois Tool Works, a specialized industrial equipment and consumables manufacturer, and has worked at Motorola and Baxter International.

Luke Whitworth, Chief Operating Officer

Luke Whitworth brings extensive healthcare and leadership experience to Option Care Health. He spent nearly fifteen years at Cardinal Health, where he gained a track record of accomplishment across Finance, Mergers and Acquisitions, Integration, Sales, and General Management. At Cardinal Health, he served as the finance executive responsible for building a multi-billion dollar post-acute business spanning distribution, services, and technology. He also held sales and general management responsibility for Home Healthcare Solutions, driving significant growth, customer acquisition, and efficiency.

Collin Smyser, General Counsel and Corporate Secretary

Collin Smyser serves as the General Counsel and Corporate Secretary for Option Care Health. Before joining the company, Mr. Smyser was the Vice President, Deputy General Counsel for Elanco Animal Health Incorporated. In that role, he served as Elanco's chief corporate governance, securities, and corporate transactions attorney.

Michael Bavaro, Chief Human Resources Officer and Chief Diversity Officer

Michael Bavaro serves Option Care Health as the Chief Human Resources Officer and Chief Diversity Officer, with over 20 years of human resource leadership experience. Prior to joining Option Care Health in 2016, Mr. Bavaro was a divisional Vice President at Blue Cross Blue Shield of IL, TX, NM, MT & OK. He was responsible for all talent acquisition and workforce strategies at Blue Cross Blue Shield and served as the company's interim Diversity and Inclusion Officer. Mr. Bavaro also held senior HR roles at Career Education Corporation and United Airlines.

AI Analysis | Feedback

The key risks to Option Care Health (OPCH) include:

  1. Biosimilar Competition and Margin Compression: The introduction of biosimilars for key high-margin drugs, such as Stelara, is significantly impacting Option Care Health's gross profit and overall margins. This loss of exclusivity for branded drugs and a shift in product mix toward lower-margin therapies, along with rising drug costs, is creating a substantial financial headwind for the company, with projected impacts of tens of millions of dollars on gross profit.
  2. Reimbursement Pressures and Dependence on Third-Party Payers: Option Care Health is highly dependent on third-party payers, including managed care organizations and government programs like Medicare and Medicaid, for a significant portion of its revenue. Changes in reimbursement policies and rates, including federal reimbursement pressures and potential price cuts, can directly reduce the company's revenue and profitability.
  3. Labor Shortages and Inability to Attract and Retain Skilled Clinicians: The healthcare sector is experiencing ongoing workforce shortages, particularly for skilled clinicians such as nurses, who are essential for Option Care Health's home and alternate site infusion services. An inability to attract and retain qualified staff could hinder the company's ability to provide services, support growth, and may lead to increased operational costs.

AI Analysis | Feedback

The primary emerging threat to Option Care Health stems from the ongoing advancements in pharmaceutical development, specifically the increasing prevalence and adoption of alternative, non-infusion drug delivery methods. Many conditions currently requiring intravenous (IV) infusion therapies, which form the core of Option Care Health's services, are seeing the emergence of equally effective and more convenient oral medications or self-administered subcutaneous injectable therapies. As these non-infusion alternatives gain market share, the demand for traditional infusion services could diminish for a significant portion of the conditions Option Care Health treats, directly impacting its business model and patient volumes.

AI Analysis | Feedback

For Option Care Health (symbol: OPCH), the addressable markets for its main products and services in the United States are as follows:

  • Overall U.S. Home Infusion Therapy Market: The U.S. home infusion therapy market was valued at approximately USD 19.65 billion in 2024 and is projected to grow to about USD 38.02 billion by 2032. Other estimates for the U.S. market in 2024 range from USD 20.42 billion to USD 21.3 billion, with projections reaching USD 39.96 billion to USD 41.0 billion by 2033. Option Care Health itself estimates the home infusion market at USD 17 billion to USD 18 billion.
  • Anti-infective Therapies (Home Infusion): This segment constituted a significant portion of the U.S. home infusion therapy market, holding a share of approximately 26.94% in 2024. Another source indicates it held a 27% share in 2025.
  • Immunoglobulin Infusion Therapies (IVIG and SCIG) in the U.S.:
    • The U.S. Intravenous Immunoglobulin (IVIG) market was valued at USD 7.02 billion in 2024 and is projected to reach USD 14.03 billion by 2033. Another estimate places the U.S. IVIG market at USD 7.27 billion in 2024, projected to reach USD 14.42 billion by 2033. Within the U.S. home infusion therapy market, immunoglobulin therapy was the largest indication segment, accounting for 31.2% market share in 2024.
    • The U.S. Subcutaneous Immunoglobulin (SCIG) market size was valued at USD 3.86 billion in 2024 and is expected to grow to USD 9.46 billion by 2034.
  • Home Parenteral and Enteral Nutrition Support Services (U.S.):
    • The U.S. enteral nutrition products market was valued at USD 2.84 billion in 2023 and is projected to grow to USD 4.86 billion by 2032. Within the U.S. home infusion therapy market, the enteral nutrition segment was valued at USD 3.5 billion in 2024.
    • The U.S. parenteral nutrition market generated a revenue of USD 2.57 billion in 2023 and is expected to reach USD 3.84 billion by 2030. The broader North American homecare clinical nutrition market (which includes both enteral and parenteral) was valued at USD 7.62 billion in 2025.
  • Chemotherapy (Home Infusion) in the U.S.: The chemotherapy at home services market in the United States is expected to reach a projected revenue of approximately USD 1.06 billion by 2030. Chemotherapy infusion is identified as a rapidly growing application within the home infusion market.
  • Pain Management (Infusion Therapies) in the U.S.: The U.S. pain management devices market, which includes analgesic infusion pumps, generated USD 2.97 billion in revenue in 2024 and is expected to reach USD 4.93 billion by 2030.
  • Treatments for Neurological Disorders (Home Infusion) in the U.S.: The outpatient infusion market (including at home) for neurological conditions is expanding and is projected to reach nearly USD 38.0 billion by 2034.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Option Care Health (OPCH) over the next 2-3 years:
  1. Expansion of Therapy Portfolio: Option Care Health is strategically broadening its therapy portfolio, with a significant focus on new treatments for acute and chronic care categories. This includes substantial investments in specialty areas such as oncology services, particularly PD-1 drugs, and neurology. The company aims to advance specialized therapies through collaborations.
  2. Geographic and Site of Care Expansion: The company is actively pursuing growth by expanding its physical infrastructure and increasing patient access. In the first quarter of 2025, Option Care Health opened three new infusion clinics. The company has also been expanding its infusion suites, adding over 80 infusion chairs and implementing more than 25 advanced practitioner-capable locations. This expansion also includes new pharmacies and infusion suites in various locations.
  3. Strategic Mergers and Acquisitions (M&A): Mergers and acquisitions are a crucial component of Option Care Health's expansion strategy. The company is actively exploring strategic M&A opportunities to bolster future growth, diversify its revenue streams, and increase market share in the healthcare services sector.
  4. Deepening Partnerships with Payers and Pharmaceutical Manufacturers: Option Care Health emphasizes deepening its partnerships with key stakeholders, including payers and pharmaceutical manufacturers. These collaborations are essential for accessing new customers, adapting to industry changes, securing favorable reimbursement rates, and supporting new drug launches and patient support programs. The company added five new regional health plan programs and two with non-traditional payers in 2025.
  5. Technology Investments and Operational Efficiency: The company is investing in technology, particularly in artificial intelligence (AI) and robotic process automation, to enhance patient onboarding and benefits verification. These efficiency initiatives have already shown positive impacts, with approximately 40% of claims being processed without human intervention.

AI Analysis | Feedback

Share Repurchases

  • Option Care Health repurchased $307 million of shares in fiscal year 2025.
  • From 2021 to the third quarter of 2025, the company repurchased a total of $715 million in shares.
  • The board of directors expanded the share repurchase authorization by an additional $500 million, bringing the total authorization to $1.0 billion.

Share Issuance

  • An affiliate of Walgreens Boots Alliance, Inc. sold 11,000,000 shares of Option Care Health common stock in August 2022.
  • In March 2021, there was a secondary offering of 12,000,000 shares of common stock.

Outbound Investments

  • Option Care Health acquired Intramed Plus in 2025.
  • Strategic acquisitions ("M&A for strategic acquisitions" and "Strategic tuck-ins and near-adjacency acquisitions") are a stated capital allocation priority.

Capital Expenditures

  • Option Care Health deployed $166 million for capital expenditures from 2021 to Q3 2025.
  • The company's capital allocation priorities include organic investment in the business, such as opening new infusion suites and pharmacies, expanding its formulary, and investing in technology like AI for claims processing.
  • Capital expenditures are described as modest.

Better Bets vs. Option Care Health (OPCH)

Trade Ideas

Select ideas related to OPCH.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
QDEL_2282026_Insider_Buying_45D_2Buy_200K02282026QDELQuidelOrthoInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
CHE_2272026_Dip_Buyer_FCFYield02272026CHEChemedDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.0%0.0%0.0%
LLY_2272026_Monopoly_xInd_xCD_Getting_Cheaper02272026LLYEli LillyMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
0.0%0.0%0.0%
HAE_2202026_Dip_Buyer_FCFYield02202026HAEHaemoneticsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.5%3.5%0.0%
IQV_2132026_Dip_Buyer_ValueBuy02132026IQVIQVIADip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
7.1%7.1%-3.0%
OPCH_8312025_Insider_Buying_GTE_1Mil_EBITp+DE_V208312025OPCHOption Care HealthInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.2%13.2%-9.2%
OPCH_2292024_Insider_Buying_GTE_1Mil_EBITp+DE_V202292024OPCHOption Care HealthInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-1.9%3.8%-32.6%
OPCH_8312023_Insider_Buying_GTE_1Mil_EBITp+DE_V208312023OPCHOption Care HealthInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
-7.3%-8.1%-23.5%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OPCHCVSUNHAVAHADUSEHABMedian
NameOption C.CVS Heal.UnitedHe.Aveanna .Addus Ho.Enhabit  
Mkt Price28.1671.48275.596.5299.2813.6249.82
Mkt Cap4.590.8250.21.41.80.73.1
Rev LTM5,650402,067447,5672,2911,4231,0603,970
Op Inc LTM33810,38518,96423513964286
FCF LTM2177,80716,0758310466160
FCF 3Y Avg2788,17620,8212210653192
CFO LTM25810,63919,6979011271185
CFO 3Y Avg31811,05724,3233011357216

Growth & Margins

OPCHCVSUNHAVAHADUSEHABMedian
NameOption C.CVS Heal.UnitedHe.Aveanna .Addus Ho.Enhabit  
Rev Chg LTM13.0%7.8%11.8%15.5%23.2%2.4%12.4%
Rev Chg 3Y Avg12.8%7.7%11.4%9.5%14.5%-0.3%10.4%
Rev Chg Q8.8%8.2%12.3%22.2%25.6%4.7%10.6%
QoQ Delta Rev Chg LTM2.2%2.0%2.9%5.2%5.6%1.2%2.5%
Op Mgn LTM6.0%2.6%4.2%10.3%9.7%6.0%6.0%
Op Mgn 3Y Avg6.6%3.1%7.0%7.0%9.1%4.7%6.8%
QoQ Delta Op Mgn LTM-0.0%-0.1%-1.8%0.3%0.6%0.1%0.0%
CFO/Rev LTM4.6%2.6%4.4%3.9%7.8%6.7%4.5%
CFO/Rev 3Y Avg6.6%2.9%6.1%1.3%9.5%5.4%5.8%
FCF/Rev LTM3.8%1.9%3.6%3.6%7.3%6.2%3.7%
FCF/Rev 3Y Avg5.8%2.2%5.2%0.9%8.9%5.0%5.1%

Valuation

OPCHCVSUNHAVAHADUSEHABMedian
NameOption C.CVS Heal.UnitedHe.Aveanna .Addus Ho.Enhabit  
Mkt Cap4.590.8250.21.41.80.73.1
P/S0.80.20.60.61.30.70.6
P/EBIT13.217.313.45.812.819.513.3
P/E21.551.320.818.118.8-150.419.8
P/CFO17.28.512.715.216.19.814.0
Total Yield4.7%5.7%8.0%5.5%5.3%-0.7%5.4%
Dividend Yield0.0%3.7%3.2%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg5.7%9.7%5.0%0.3%5.7%11.6%5.7%
D/E0.30.90.31.00.10.70.5
Net D/E0.20.80.20.90.00.70.4

Returns

OPCHCVSUNHAVAHADUSEHABMedian
NameOption C.CVS Heal.UnitedHe.Aveanna .Addus Ho.Enhabit  
1M Rtn-20.7%-8.1%-3.6%-11.9%-12.5%23.0%-10.0%
3M Rtn-13.4%-7.3%-15.2%-28.3%-12.0%42.5%-12.7%
6M Rtn-0.5%-3.0%-17.0%-19.5%-11.3%66.5%-7.1%
12M Rtn-17.9%8.1%-44.6%19.4%9.2%47.1%8.7%
3Y Rtn-11.7%6.2%-39.1%471.9%-1.8%-0.6%-1.2%
1M Excs Rtn-15.9%-2.4%1.0%-6.9%-8.5%26.8%-4.7%
3M Excs Rtn-11.4%-4.3%-13.1%-23.9%-8.9%44.8%-10.2%
6M Excs Rtn1.0%-0.5%-14.6%-21.0%-7.7%70.9%-4.1%
12M Excs Rtn-33.1%-5.4%-58.3%3.7%-5.8%33.1%-5.6%
3Y Excs Rtn-76.6%-60.7%-104.4%270.4%-66.9%-71.6%-69.3%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Infusion Services4,9124,2233,9453,4393,033
Other revenue8780   
Total4,9984,3023,9453,4393,033


Net Income by Segment
$ Mil20252024202320222021
Infusion Services212    
Total212    


Price Behavior

Price Behavior
Market Price$28.16 
Market Cap ($ Bil)4.6 
First Trading Date08/15/1996 
Distance from 52W High-23.0% 
   50 Days200 Days
DMA Price$33.13$30.46
DMA Trendindeterminateindeterminate
Distance from DMA-15.0%-7.5%
 3M1YR
Volatility33.0%31.5%
Downside Capture44.6563.94
Upside Capture-34.7932.96
Correlation (SPY)5.8%19.4%
OPCH Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta-0.28-0.05-0.110.420.320.56
Up Beta-1.12-0.80-0.410.270.210.34
Down Beta0.750.690.830.410.290.46
Up Capture-83%-14%-28%57%29%39%
Bmk +ve Days9203170142431
Stock +ve Days10182860120376
Down Capture22%-23%-68%38%62%95%
Bmk -ve Days12213054109320
Stock -ve Days11233364128371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OPCH
OPCH-18.2%31.5%-0.61-
Sector ETF (XLV)0.2%17.6%-0.1432.4%
Equity (SPY)15.8%18.9%0.6420.3%
Gold (GLD)48.2%27.0%1.45-2.4%
Commodities (DBC)17.8%17.4%0.83-11.9%
Real Estate (VNQ)1.0%16.4%-0.1123.4%
Bitcoin (BTCUSD)-19.0%44.2%-0.351.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OPCH
OPCH5.8%236.5%0.82-
Sector ETF (XLV)6.3%14.5%0.262.9%
Equity (SPY)11.8%17.0%0.541.9%
Gold (GLD)20.7%17.5%0.97-2.6%
Commodities (DBC)10.9%19.0%0.46-3.0%
Real Estate (VNQ)2.8%18.8%0.06-0.8%
Bitcoin (BTCUSD)4.7%56.7%0.308.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OPCH
OPCH12.4%174.3%0.67-
Sector ETF (XLV)9.6%16.5%0.478.5%
Equity (SPY)14.2%17.9%0.688.0%
Gold (GLD)13.3%15.7%0.70-2.1%
Commodities (DBC)8.3%17.6%0.390.8%
Real Estate (VNQ)5.0%20.7%0.215.5%
Bitcoin (BTCUSD)66.9%66.8%1.065.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity8.5 Mil
Short Interest: % Change Since 21520263.6%
Average Daily Volume2.0 Mil
Days-to-Cover Short Interest4.2 days
Basic Shares Quantity158.2 Mil
Short % of Basic Shares5.4%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/12/20268.4%11.6%8.1%
10/30/2025-8.6%-5.5%7.9%
7/30/20251.7%-6.7%-5.1%
4/29/2025-6.9%-0.5%-3.7%
1/13/202515.5%21.6%31.5%
10/30/2024-22.8%-26.8%-22.1%
7/31/2024-5.3%-5.0%0.3%
2/22/2024-2.4%-5.2%-2.9%
...
SUMMARY STATS   
# Positive979
# Negative8108
Median Positive8.4%11.6%7.9%
Median Negative-7.8%-6.1%-6.7%
Max Positive147.9%157.3%169.6%
Max Negative-22.8%-26.8%-22.1%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/24/202610-K
09/30/202510/30/202510-Q
06/30/202507/30/202510-Q
03/31/202504/29/202510-Q
12/31/202402/26/202510-K
09/30/202410/30/202410-Q
06/30/202407/31/202410-Q
03/31/202404/23/202410-Q
12/31/202302/22/202410-K
09/30/202310/25/202310-Q
06/30/202307/27/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202210/27/202210-Q
06/30/202207/27/202210-Q
03/31/202204/28/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kraemer, Harry M Jansen Jr DirectBuy1104202525.9838,000987,39210,741,526Form
2Wright, Norman L DirectBuy910202529.313,41199,976454,333Form
3Pate, R Carter DirectBuy821202527.1975020,3911,139,474Form
4Kraemer, Harry M Jansen Jr DirectBuy821202527.1536,000977,27810,190,562Form
5Sullivan, Timothy P DirectBuy821202527.5120,000550,2001,354,290Form