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Cigna vs Oscar Health: revenue, profit, margins and growth compared

Cigna brought in $274.9B of revenue in fiscal 2025, Oscar Health $11.7B in fiscal 2025. Revenue changed by +11.2% at Cigna and +27.5% at Oscar Health on the year before, so Oscar Health grew faster. Cigna kept 2.2% of its revenue as net profit, Oscar Health -3.8%.

Side by side, latest fiscal year

CIOSCR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$274.9B$11.7B
Revenue growth+11.2%+27.5%
Net income$6B-$443.2M
Net margin2.2%-3.8%
Free cash flown/a$1.1B
Free cash flow marginn/a9.0%
Earnings per share (diluted)$22.18-$1.69
Cash$7.7B$2.8B
Debt$30.9B$430.1M
Price to earnings12.3n/a
Market value$71.9B$9.1B
Dividend yield2.22%n/a
Rank by revenue in sector#4 of 523 · Health care#41 of 523 · Health care

Over the years

Revenue
CI FY2018: $48.7BCI FY2019: $153.6BCI FY2020: $160.4BCI FY2021: $174.1BCI FY2022: $180.5BCI FY2023: $195.3BCI FY2024: $247.1BCI FY2025: $274.9BOSCR FY2019: $488.2MOSCR FY2021: $462.8MOSCR FY2021: $1.8BOSCR FY2022: $4BOSCR FY2023: $5.9BOSCR FY2024: $9.2BOSCR FY2025: $11.7BFY18FY19FY20FY21FY22FY23FY24FY25
CI $274.9BOSCR $11.7B
Net income
CI FY2018: $2.6BCI FY2019: $5.1BCI FY2020: $8.5BCI FY2021: $5.4BCI FY2022: $6.7BCI FY2023: $5.2BCI FY2024: $3.4BCI FY2025: $6BOSCR FY2019: -$261.2MOSCR FY2021: -$406.8MOSCR FY2021: -$572.6MOSCR FY2022: -$606.3MOSCR FY2023: -$270.7MOSCR FY2024: $25.4MOSCR FY2025: -$443.2MFY18FY19FY20FY21FY22FY23FY24FY25
CI $6BOSCR -$443.2M
Net margin
CI FY2018: 5.4%CI FY2019: 3.3%CI FY2020: 5.3%CI FY2021: 3.1%CI FY2022: 3.7%CI FY2023: 2.6%CI FY2024: 1.4%CI FY2025: 2.2%OSCR FY2019: -53.5%OSCR FY2021: -87.9%OSCR FY2021: -31.1%OSCR FY2022: -15.3%OSCR FY2023: -4.6%OSCR FY2024: 0.3%OSCR FY2025: -3.8%FY18FY19FY20FY21FY22FY23FY24FY25
CI 2.2%OSCR -3.8%
Revenue growth
CI FY2019: +215.7%CI FY2020: +4.5%CI FY2021: +8.5%CI FY2022: +3.7%CI FY2023: +8.2%CI FY2024: +26.6%CI FY2025: +11.2%OSCR FY2021: -5.2%OSCR FY2021: +297.3%OSCR FY2022: +115.6%OSCR FY2023: +47.9%OSCR FY2024: +56.5%OSCR FY2025: +27.5%FY19FY20FY21FY22FY23FY24FY25
CI +11.2%OSCR +27.5%
Free cash flow
CI FY2018: $3.2BCI FY2019: $8.4BOSCR FY2019: -$191.4MOSCR FY2021: $208.7MOSCR FY2021: -$207.6MOSCR FY2022: $351.3MOSCR FY2023: -$297.7MOSCR FY2024: $950.3MOSCR FY2025: $1.1BFY18FY19FY21FY22FY23FY24FY25
CI $8.4BOSCR $1.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cigna and Oscar Health

Which is bigger by revenue, Cigna or Oscar Health?

Cigna is bigger by revenue: $274.9B in fiscal 2025, against $11.7B for Oscar Health in fiscal 2025.

Which keeps more of its revenue as profit, Cigna or Oscar Health?

Cigna had a net margin of 2.2% in fiscal 2025; Oscar Health had -3.8% in fiscal 2025.

Which grew revenue faster, Cigna or Oscar Health?

In their latest fiscal years revenue changed by +11.2% at Cigna and +27.5% at Oscar Health.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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