OPCHOption Care Health, Inc.
Services-Home Health Care Services
- Revenue
- $5.6B
- 13% YoY
- Operating margin
- 6.0%
- 7.1% YoY
- EBITDA
- $405M
- 5.9% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.8×
- $326M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear124% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowFired120% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired48% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.9B | $4.3B | $5.0B | $5.6B | 13% |
| Operating income | $191M | $240M | $315M | $322M | $338M | 5.0% |
| Net income | $140M | $151M | $267M | $212M | $208M | 2.0% |
| Operating cash flow | $209M | $268M | $371M | $323M | $258M | 20% |
| Capex | $26M | $35M | $42M | $36M | $41M | 16% |
| Stock-based comp | $10M | $17M | $30M | $36M | $40M | 11% |
| Buybacks | $0 | $0 | $250M | $253M | $310M | 23% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $9M | $22M | 204 | 110 |
| FY2024 | $8M | −$2M | 148 | 93 |
| FY2023 | $17M | $22M | 215 | 92 |
| FY2022 | $7M | $10M | 192 | 87 |
| FY2021 | $8M | $13M | 182 | 109 |