Skip to content
Forensic Analysis · Healthcare Providers & Services · as of Nov 9, 2026

Option Care Health, Inc. (OPCH)

A forensic read on Option Care Health, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable
Forensic grade
Safe
Financial health
3.0
Distress distance
Clean
Earnings quality
2
Forensic signals
15.2%
ROE
13.0%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Option Care Health, Inc. earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.0, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by shareholder returns.

What the filings flag

143% of FCF
FY2025
Shareholder returns. Returned $310M to shareholders (buybacks + dividends) in FY2025 — 143% of free cash flow. That is $93M (43%) more than free cash flow covered, and more than operating cash flow as well. The balance sheet covered it: cash fell $180M and total debt rose $50M over FY2025. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $40M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 161%.
10.7%
FY2025
Return on invested capital. Return on invested capital is 10.7% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.3-point range. After-tax operating profit was $234M in FY2023 and $248M in FY2025, with operating income at 7.3% of revenue in FY2023, 6.4% in FY2024 and 6.0% in FY2025. The capital base behind it went from $2.3B in FY2023 to $2.3B in FY2025 (+3%), while the revenue it carried went from $4.3B to $5.6B.

Key fundamentals

Latest Revenue$5.65B
Revenue Growth YoY+13.0%
Revenue CAGR (2yr)+14.6%
Net Margin3.7%
Free Cash Flow$217.1M
Return on Equity15.2%
Debt / Equity0.88x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Option Care Health, Inc.'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.