Tearsheet

Owens & Minor (OMI)


Market Price (9/15/2025): $5.24 | Market Cap: $403.1 Mil
Sector: Health Care | Industry: Health Care Distributors

Owens & Minor (OMI)


Market Price (9/15/2025): $5.24
Market Cap: $403.1 Mil
Sector: Health Care
Industry: Health Care Distributors

Investment Highlights

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
Weak multi-year price returns
2Y Excs Rtn is -116%, 3Y Excs Rtn is -146%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 492%
1  Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%
2   Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.9%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -297%
0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
1 Weak multi-year price returns
2Y Excs Rtn is -116%, 3Y Excs Rtn is -146%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 492%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.6%
5 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.9%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -297%

Market Valuation

 9/15/252024202320222021
Share Price CYE$5.24$13.07$19.27$19.53$43.50
Market Cap CYE ($ Mil)403.11,006.31,465.81,461.93,176.8
Total Debt ($ Mil)2,058.72,139.82,319.92,716.31,109.8
Total Cash ($ Mil)38.349.4243.069.555.7
Enterprise Value ($ Mil)2,423.63,146.13,785.74,178.24,286.6
Valuation Ratios     
P/S TTM0.10.10.10.10.3
P/EBIT TTM-1.3-4.714.210.49.7
P/E TTM-0.3-2.8-35.465.014.3
Sector Ratios     
P/S TTM (Sector)3.83.64.14.57.3
P/EBIT TTM (Sector)-1.6-1.3-1.4-1.3-2.9
P/E TTM (Sector)-1.9-1.6-1.5-1.4-2.9
 9/15/2520242023
Share Price CYE$5.24$13.07$19.27
Market Cap CYE ($ Mil)403.11,006.31,465.8
Total Debt ($ Mil)2,058.72,139.82,319.9
Total Cash ($ Mil)38.349.4243.0
Enterprise Value ($ Mil)2,423.63,146.13,785.7
Valuation Ratios   
P/S TTM0.10.10.1
P/EBIT TTM-1.3-4.714.2
P/E TTM-0.3-2.8-35.4
Sector Ratios   
P/S TTM (Sector)3.83.64.1
P/EBIT TTM (Sector)-1.6-1.3-1.4
P/E TTM (Sector)-1.9-1.6-1.5

Business Description

Owens & Minor, Inc., together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
OMI Return424%61%-55%-1%-32%-59%3%
Peers Return96%32%16%15%2%6%276%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MCK, CAH, HSIC, COR, OMI. See OMI Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

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Financials

OMIMCKCAHHSICCORMedian
NameOwens & .McKesson Cardinal.Henry Sc.Cencora  
Mkt Price5.34711.42152.2469.01302.52152.24
Mkt Cap0.488.936.28.458.636.2
Rev LTM8,731377,595222,57812,773316,654222,578
Op Inc LTM2874,7482,3227713,7132,322
FCF LTM-1665,6661,8503341,1421,142
FCF 3Y Avg1304,4632,4884362,5882,488
CFO LTM1016,5472,3975121,7421,742
CFO 3Y Avg3535,1943,0016193,1013,001

Growth & Margins

OMIMCKCAHHSICCORMedian
NameOwens & .McKesson Cardinal.Henry Sc.Cencora  
Rev Chg LTM2.5%20.3%-1.9%2.3%11.6%2.5%
Rev Chg 3Y Avg-3.6%12.2%7.3%0.2%10.3%7.3%
Rev Chg Q3.3%23.4%0.5%3.3%8.7%3.3%
QoQ Delta Rev Chg LTM0.2%5.2%0.1%0.8%2.1%0.8%
Op Mgn LTM3.3%1.3%1.0%6.0%1.2%1.3%
Op Mgn 3Y Avg2.8%1.4%1.0%5.8%1.1%1.4%
QoQ Delta Op Mgn LTM0.1%-0.1%0.0%-0.0%0.0%0.0%
CFO/Rev LTM1.2%1.7%1.1%4.0%0.6%1.2%
CFO/Rev 3Y Avg3.7%1.6%1.4%4.9%1.1%1.6%
FCF/Rev LTM-1.9%1.5%0.8%2.6%0.4%0.8%
FCF/Rev 3Y Avg1.3%1.4%1.1%3.5%0.9%1.3%

Valuation

OMIMCKCAHHSICCORMedian
NameOwens & .McKesson Cardinal.Henry Sc.Cencora  
Mkt Cap0.488.936.28.458.636.2
P/S0.00.20.20.70.20.2
P/EBIT-1.419.515.612.720.015.6
P/E-0.328.123.221.630.923.2
P/CFO4.113.615.116.433.715.1
Total Yield-292.8%4.0%5.7%4.6%4.0%4.0%
Dividend Yield0.0%0.4%1.4%0.0%0.7%0.4%
FCF Yield 3Y Avg6.1%6.1%9.3%4.8%5.9%6.1%
D/E5.00.10.20.40.10.2
Net D/E4.90.10.10.40.10.1

Returns

OMIMCKCAHHSICCORMedian
NameOwens & .McKesson Cardinal.Henry Sc.Cencora  
1M Rtn-6.0%5.8%1.8%1.7%3.3%1.8%
3M Rtn-31.5%-2.2%-5.4%-1.7%2.6%-2.2%
6M Rtn-43.1%9.6%19.7%-2.2%17.7%9.6%
12M Rtn-65.6%37.7%36.6%-1.9%27.2%27.2%
3Y Rtn-78.6%111.5%143.9%-4.1%123.5%111.5%
1M Excs Rtn-1.6%5.6%1.0%-1.8%2.3%1.0%
3M Excs Rtn-41.9%-11.5%-13.8%-11.8%-6.2%-11.8%
6M Excs Rtn-61.5%-8.5%2.1%-20.4%-0.6%-8.5%
12M Excs Rtn-82.8%21.5%15.4%-17.7%8.6%8.6%
3Y Excs Rtn-146.1%31.1%62.7%-70.0%45.9%31.1%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Products & Healthcare Services7,7817,8988,826  
Patient Direct2,5532,057960  
Global Products   1,8101,434
Global Solutions   7,2128,244
Inter-segment net revenue   -542-467
Total10,3349,9559,7858,4809,211


Operating Income by Segment
$ Mil20242023202220212020
Patient Direct24719458  
Products & Healthcare Services58175384  
Exit and realignment charges, net-99-7-31  
Acquisition-related charges and intangible amortization-101-127-43  
Inventory valuation adjustment -920  
Acquisition-related and exit and realignment charges   -38-30
Global Products   26065
Global Solutions   3184
Intangible amortization   -41-44
Inter-segment eliminations   -80
Other    -1
Total10514336820473


Assets by Segment
$ Mil20242023202220212020
Patient Direct2,490    
Products & Healthcare Services2,360    
Cash and cash equivalents243  8367
Global Products   1,135931
Global Solutions   2,1172,205
Discontinued operations    440
Total5,093  3,3363,643


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity9,197,175
Short Interest: % Change Since 815202524.4%
Average Daily Volume1,537,413
Days-to-Cover Short Interest5.98
Basic Shares Quantity76,935,000
Short % of Basic Shares12.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/11/2025-34.7%-19.9%-22.0%
5/8/2025-9.9%-9.8%3.2%
2/3/2025-35.2%-39.3%-31.8%
11/4/2024-10.2%-3.4%7.3%
7/23/20247.6%0.8%2.1%
5/3/2024-25.7%-25.0%-28.5%
2/20/20241.6%11.6%19.1%
11/3/202327.1%13.7%46.3%
...
SUMMARY STATS   
# Positive8812
# Negative13139
Median Positive7.2%12.7%13.7%
Median Negative-11.5%-17.4%-20.5%
Max Positive29.2%29.8%46.3%
Max Negative-35.2%-39.3%-33.7%

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Coliseum Capital Management, LLC 8142025Buy5.15720,0003,708,00063,257,218Form
1Coliseum Capital Management, LLC 4102025Buy7.96105,000835,80089,613,322Form
2Coliseum Capital Management, LLC 4072025Buy8.53160,0001,364,80091,992,629Form
3Coliseum Capital Management, LLC 3042025Buy9.391,738,51116,324,61888,920,464Form
4Leon Jonathan AEVP, Chief Financial Officer11252024Sell11.825,28262,4331,546,316Form