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Option Care Health, Inc.
$3.8B
Market Cap
25.1
P/E
2.23
PEG
10.9%
ROCE
15.2%
ROE
0.96
D/E
6.0%
OPM
-35.8%
% from 52W High
48
α RS
🔍 OPCH is showing a notable setup because it matches 2 of 39 tracked screener presets and it's hugging the 21 EMA. Net: Partial signal stack, not a recommendation. ? Conviction Technicals
Sources
Conviction 2/39 · hugging 21 EMA
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🌏 Global Investor Returns
Currency-adjusted total returns for OPCH including FX impact
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📈 Price History
Ratio Health
Excellent
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About

Option Care Health, Inc. offers home and alternate site infusion services in the United States. The company provides anti-infective therapy and services; home infusion services to treat heart failure; 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 Duchenne muscular dystrophy, multiple sclerosis, Alzheimer’s disease, and other neurological disorder; infusion therapies for bleeding disorders, such as hemophilia and von Willebrand diseases; therapies for women with high-risk pregnancies; and other infusion therapies to treat various conditions, including pain management, chemotherapy, and respiratory medications, as well as nursing services. The company markets its services through patient referrals, including physicians, hospital discharge planners, hospital personnel, health maintenance organizations, and preferred provider organizations. The company is headquartered in Bannockburn, Illinois.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding OPCH
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Manager Shares Value % of Fund Period
Stan Druckenmiller Duquesne Family Office 1.87M $50.3M 1.49% Mar 2026
Steve Cohen Point72 Asset Management 562.7K $15.1M 0.02% Mar 2026
Jim Simons Renaissance Technologies LLC 558.9K $15.0M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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🎙 Management Tone Cautious ~ Volatile 4 quarters Full tone analysis in Intelligence →
📊 MIXED Option Care Health Q1 2026: Revenue $1.4B, adjusted EBITDA $105M, chronic therapy headwinds offset by acute portfolio growth.
Revenue & Profitability
Q1 2026 revenue was $1.4 billion, up slightly over 1% versus the prior year. Adjusted EBITDA was $105 million, down 6% year-over-year, while adjusted EPS was $0.40, flat with the prior year. Gross profit dollars declined slightly due to weakness in the chronic portfolio, and SG&A grew 4%. Full-year 2026 guidance was revised to revenue of $5.675-$5.775 billion, EBITDA of $480-$505 million, and adjusted EPS of $1.82-$1.92. Operating cash flow was a usage of $12 million in Q1, in line with seasonal expectations, and net debt leverage stood at 2.2x.
Outlook
Management noted ongoing economic pressures across healthcare but believes the company is on the right side of the cost curve by partnering to deliver high-quality care in lower-cost settings. Site-of-care initiatives with health plans are performing better than expected, and there is a strong pipeline of infused and injectable drugs targeting clinically complex patients. However, the quarter saw industry dynamics around Stelara and biosimilar conversions, along with higher benefit reverification volumes, which created headwinds. The company expects sequential revenue and EBITDA growth throughout the remainder of 2026.
Growth Drivers
Key growth drivers include the acute therapy portfolio, which delivered high single-digit revenue growth above market, and the IG Neuro portfolio, which achieved solid growth in line with expectations. Ambulatory infusion clinic visits grew 14% year-over-year, and the small but growing oncology portfolio is seen as a meaningful opportunity. To re-accelerate growth, the company is increasing the size and strength of its commercial team, realigning resources to top accounts, focusing on admission conversion rates, and deploying technology for a seamless referral-to-start workflow.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Gross profit dollars declined slightly in Q1 due to chronic portfolio headwinds, and SG&A grew 4%, reflecting prior investments and new commercial resources. For the full year, management expects SG&A growth to remain at or slightly below gross profit growth. A $55 million gross profit headwind from the CID portfolio is anticipated to be evenly realized through the year, but the company is managing costs including variable incentive compensation and other efficiencies. Despite reduced revenue guidance, EBITDA and adjusted EPS guidance were maintained, supported by momentum in acute and IG Neuro portfolios and cost actions.
Key Risks
Key risks discussed include the reset in the CID patient census due to Stelara biosimilar conversion and formulary changes, which resulted in a higher-than-expected gross profit headwind of $55 million. The company also noted slower-than-expected growth in other specialty portfolios and delays in rare/orphan program launches due to regulatory or commercial readiness. Benefit reverification volumes doubled versus last year, elongating approval decisions. Management stated no further headwinds from Stelara are expected in 2026 or 2027, but if revenue guidance is not achieved, variable compensation would be impacted.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 results exceeded expectations with revenue of $1.4B, strong acute and rare/orphan growth, and robust cash flow. Guidance for 2026 remains unchanged, with continued investment in technology and commercial resources to drive sequential growth and margin improvement.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw revenue up just over 1% year-over-year, with strong acute growth offset by chronic portfolio headwinds and a $55M gross profit impact from CID. Full-year guidance was revised downward for revenue but maintained for EBITDA and EPS, with decisive actions underway to rebuild growth.
Q4 2025 Q4 2025 2026-02-24
Revenue grew 13% to $5.6B in 2025, with strong acute and chronic therapy growth and expanding payer partnerships. 2026 guidance reaffirms 4% revenue growth at midpoint, $480–505M adjusted EBITDA, and $340M+ operating cash flow, despite Stelara biosimilar headwinds.
Q3 2025 Q3 2025 2025-10-30
Third quarter saw 12% revenue growth, strong acute and chronic therapy performance, and raised full-year guidance. Stelara biosimilar adoption remains a headwind, but operational momentum and investments in technology and clinical models support continued growth.
Q2 2025 Q2 2025 2025-07-30
Second quarter saw 15%+ revenue growth, strong execution in both acute and chronic therapies, and increased full-year guidance. Investments in technology, suite-based care, and advanced practitioner models are fueling growth, with robust cash flow and active capital deployment.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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