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Oscar Health vs Alignment Healthcare: OSCR and ALHC compared
Oscar Health is the larger company: $5.1B of revenue in its latest quarter (Q3 2026) against $1.4B for Alignment Healthcare (Q3 2026). Oscar Health is growing faster (+72% against +37% a year earlier). Oscar Health is more profitable, with an operating margin of 3.5% against -0.3%.
Where the money goes: OSCR and ALHC
Oscar Health (OSCR) · Q3 2026
Oscar Health, Q3 2026: revenue $5.1B (+72% year over year), operating margin 3.5%, net earnings $167M, operating cash flow −$1.2B. The chart follows the revenue to costs, profit and cash.
Alignment Healthcare (ALHC) · Q3 2026
Alignment Healthcare, Q3 2026: revenue $1.4B (+37% year over year), operating margin -0.3%, net loss $8.1M, operating cash flow $47.0M. The chart follows the revenue to costs, profit and cash.
| Oscar Health (OSCR) | Alignment Healthcare (ALHC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.1B | $1.4B |
| Revenue growth, Y/Y | +72% | +37% |
| Operating margin | 3.5% | -0.3% |
| Net earnings | $167M | −$8.1M |
| Net margin | 3.3% | -0.6% |
| Operating cash flow | −$1.2B | $47.0M |
| Free cash flow | — | $38.6M |
| Market value | $11.5B | $1.5B |
| P/E | 13.4× | 51.9× |
| Analysts’ mean target | $36.40 | $10.79 |
Questions
Which is bigger, Oscar Health or Alignment Healthcare?
Oscar Health is the larger company: $5.1B of revenue in its latest quarter (Q3 2026) against $1.4B for Alignment Healthcare (Q3 2026).
Is Oscar Health or Alignment Healthcare growing faster?
Oscar Health is growing faster (+72% against +37% a year earlier).
Which is more profitable, Oscar Health or Alignment Healthcare?
Oscar Health is more profitable, with an operating margin of 3.5% against -0.3%.
More: Oscar Health earnings · how Oscar Health makes money · Alignment Healthcare earnings · how Alignment Healthcare makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.