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Option Care Health, Inc.

OPCH

Option Care Health is the largest independent provider of home and alternate site infusion services in the United States.

Market cap
$3.55B-21.6%
Revenue$5.7B+5.9%
Net income$209.6M-0.8%
Free cash flow$303.8M+26.0%
EPS (diluted)$1.32+4.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 29, 2026 (in 3 months)
Revenue estimate$1.5B
EPS estimate$0.48

Financials

Q2 2026

Income statement

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Revenue$1.4B+1.9%
Gross profit$267.3M-0.7%
Operating income$85.1M+2.9%
Net income$53.9M+6.7%
EPS (diluted)$0.35+12.9%

Balance sheet

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Cash & equivalents$193.8M-2.5%
Total debt$1.3B+3.2%
Total equity$1.3B-7.4%
Total assets$3.4B-0.1%

Cash flow

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Operating cash flow$183.6M+103%
CapEx$11.1M+21.8%
Free cash flow$172.5M+112%

Valuation & ratios

Valuation

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Market cap$3.55B-21.6%
Enterprise value$4.62B-17.7%
P/E16.9×-4.8×
P/S0.6×-0.2×

Profitability

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Gross margin19.1%-0.6pp
Operating margin5.9%-0.4pp
Net margin3.7%-0.2pp
FCF margin5.3%+0.8pp

Returns & leverage

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Return on equity16%+0.8pp
Debt / equity+0.1×
Current ratio1.5×-0.1×

Segments

By segment

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Reportable Segment$1.4B+1.9%

Competitors

Profile

Option Care Health is the largest independent provider of home and alternate site infusion services in the United States. The company provides clinical care management, nursing support, and pharmacy services for patients with complex and chronic medical conditions, offering a cost-effective alternative to hospital-based treatment. Its national network includes nearly 200 locations across 43 states, serving as a critical link between pharmaceutical manufacturers, healthcare providers, and payers.

Competitive position

The company is the largest independent player in the highly fragmented home infusion market, leveraging a national scale and extensive clinical network to compete with both specialized providers and large integrated healthcare conglomerates.

GeographiesUnited States
Customer segmentsPatients, Health Systems, Insurance Companies, Pharmaceutical Manufacturers
Business modelService-based, Direct-to-patient distribution, Fee-for-service
SuppliersPharmaceutical Manufacturers, Authorized Drug Distributors, Group Purchasing Organizations, Medical Device Manufacturers (Infusion Pumps)
CustomersManaged Care Organizations, Medicare and Medicaid Programs, Self-insured Employers, Individual Patients
Listed1996
Employees7.8K
CEOJohn C. Rademacher
FilingsSEC EDGAR

FAQ

What is Option Care Health, Inc.'s market cap?
Option Care Health, Inc. (OPCH) has a market capitalization of $3.5B and trades on NASDAQ.
What is Option Care Health, Inc.'s revenue and profitability?
Option Care Health, Inc. generated $5.7B in trailing twelve-month revenue with net income of $209.6M, representing a net margin of 3.7%. Gross margin stands at 19.1%, with free cash flow of $303.8M. These figures are based on the Q2 2026 filing.
Who are Option Care Health, Inc.'s competitors?
Option Care Health, Inc.'s key competitors include Optum Infusion Pharmacy, Coram CVS/specialty infusion services, Accredo, and others. These companies compete in similar markets and product categories.
Who does Option Care Health, Inc. partner with?
Option Care Health, Inc.'s notable partners include Walgreen Co..
What subsidiaries does Option Care Health, Inc. have?
Option Care Health, Inc.'s subsidiaries include Naven Health, BioScrip, HomeChoice Partners, and others.
Where is Option Care Health, Inc. headquartered?
Option Care Health, Inc. is headquartered in United States of America and employs approximately 7,802 people. It has been publicly traded since 1996.