Oscar Health, Inc. vs UnitedHealth Group Incorporated, two Managed Care stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
UnitedHealth earns 11.6% on equity mid-crisis; Oscar earns negative 2.4% mid-buildout, and the market prices the difference at $389B against $10B, a 39-fold value gap on a 9-fold revenue-scale story. Oscar's 15.2% operating margin, oddly the better line, nets negative on financing and scale costs; UnitedHealth's 8.1% survives to real earnings, a 32.2 times multiple, and a 2% dividend. Oscar's 28.5% free-cash figure is float. Both carry light-to-moderate debt. The incumbent is priced for recovery it can fund from operations; the startup for arrival it must fund from patience. Different bets, same industry, and only one has ever printed a full year of the thing its price assumes.
Comparison updated 2026-07-10.
| Metric | OSCR | UNH |
|---|---|---|
| Price | $29.79 | $427.44 |
| Market cap | $9.8B | $389.0B |
| Sector | Managed Care | Managed Care |
| Stage | Growth | Mature |
| P/E | — | 32.2 |
| P/B | 5.89 | 3.74 |
| P/S | 0.74 | 0.86 |
| EV/EBITDA | 309.2 | 18.9 |
| Revenue growth | +30.5% | +9.8% |
| Operating margin | 15.2% | 8.1% |
| Net margin | -0.3% | 2.7% |
| Return on equity | -2.4% | 11.6% |
| Return on assets | -0.4% | 3.9% |
| Return on invested capital | 0.5% | 8.4% |
| FCF yield | 28.5% | 5.1% |
| Dividend yield | — | 2.0% |
| Debt / equity | 0.26 | 0.75 |
| Current ratio | 1.09 | 0.80 |
| Altman Z (solvency) | 2.14 | 3.02 |
| Piotroski F (quality) | 8 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.