Alignment Healthcare (ALHC) vs Oscar Health (OSCR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Oscar Health (OSCR) has outperformed Alignment Healthcare (ALHC) over the past year, gaining 51.8% versus a loss of 50.8%. Over five years, OSCR leads with a +108.8% price change compared with -53.2% for ALHC. Oscar Health is the larger company by market cap ($10.31 billion vs $1.58 billion), about 6.5 times the size, while Alignment Healthcare is growing revenue faster (+46.1% vs +27.5%).
On valuation, Alignment Healthcare trades at a lower forward P/E (10.4x vs 15.4x for Oscar Health). Alignment Healthcare converts more of its revenue into profit, with a net margin of -0.0% versus -3.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ALHC | OSCR |
|---|---|---|
| Share price | $7.62 | $33.41 |
| Market cap | $1.58B | $10.31B |
| 1-day change | -12.57% | +0.94% |
| YTD return | -55.90% | +130.34% |
| 1-year return | -50.76% | +51.83% |
| 5-year return | -53.22% | +108.83% |
| P/E ratio (TTM) | 40.08 | 25.90 |
| Forward P/E | 10.36 | 15.43 |
| EPS (TTM) | $0.19 | $1.29 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $3.95B | $11.70B |
| Revenue growth (YoY) | +46.06% | +27.50% |
| Net income (latest FY) | $-724.00K | $-443.15M |
| Operating margin | 0.37% | -3.39% |
| Net margin | -0.02% | -3.79% |
| 52-week high | $25.12 | $34.48 |
| 52-week low | $6.01 | $10.69 |
| Distance from 52-week high | -69.69% | -3.10% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +169.73% | +5.96% |
| Average volume | 7.55M | 5.20M |
| Shares outstanding | 207.44M | 273.47M |
| Employees | 1,849 | 2,305 |
| Sector | Health Care | Health Care |
| Industry | Medical Specialities | Medical Specialities |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Oscar Health is about 6.5 times larger than Alignment Healthcare by market value ($10.31B vs $1.58B).
- OSCR has outperformed ALHC by 102.6 percentage points over the past year.
- Alignment Healthcare trades at a higher earnings multiple (40.1x vs 25.9x trailing P/E).
- Alignment Healthcare grew revenue faster in its latest fiscal year (+46.06% vs +27.50%).
About Alignment Healthcare
ALHC stock →Alignment Healthcare, Inc. operates a consumer-centric healthcare platform for seniors in the United States.
Health Care · Medical Specialities · 1,849 employees
About Oscar Health
OSCR stock →Oscar Health, Inc. operates as a healthcare technology company in the United States.
Health Care · Medical Specialities · 2,305 employees
ALHC vs OSCR FAQ
Which is bigger, Alignment Healthcare or Oscar Health?
Oscar Health (OSCR) is larger, with a market capitalization of $10.31B compared with $1.58B for Alignment Healthcare (ALHC).
Which stock has performed better over the past year, ALHC or OSCR?
OSCR returned +51.83% over the past 12 months, compared with -50.76% for ALHC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, ALHC or OSCR?
OSCR has the lower trailing P/E at 25.9, versus 40.1 for ALHC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Alignment Healthcare and Oscar Health in the same industry?
Yes. Both are classified in the Medical Specialities industry within the Health Care sector.