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

Humana brought in $129.7B of revenue in fiscal 2025, Oscar Health $11.7B in fiscal 2025. Revenue changed by +10.1% at Humana and +27.5% at Oscar Health on the year before, so Oscar Health grew faster. Humana kept 0.9% of its revenue as net profit, Oscar Health -3.8%. Free cash flow was $375M at Humana and $1.1B at Oscar Health.

Side by side, latest fiscal year

HUMOSCR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$129.7B$11.7B
Revenue growth+10.1%+27.5%
Net income$1.2B-$443.2M
Net margin0.9%-3.8%
Free cash flow$375M$1.1B
Free cash flow margin0.3%9.0%
Earnings per share (diluted)$9.84-$1.69
Cash$4.2B$2.8B
Debt$12.4B$430.1M
Price to earnings40.4n/a
Market value$47.8B$9.1B
Dividend yield0.89%n/a
Rank by revenue in sector#8 of 523 · Health care#41 of 523 · Health care

Over the years

Revenue
HUM FY2018: $56.9BHUM FY2019: $64.9BHUM FY2020: $77.2BHUM FY2021: $83.1BHUM FY2022: $92.9BHUM FY2023: $106.4BHUM FY2024: $117.8BHUM FY2025: $129.7BOSCR FY2019: $488.2MOSCR FY2021: $462.8MOSCR FY2021: $1.8BOSCR FY2022: $4BOSCR FY2023: $5.9BOSCR FY2024: $9.2BOSCR FY2025: $11.7BFY18FY19FY20FY21FY22FY23FY24FY25
HUM $129.7BOSCR $11.7B
Net income
HUM FY2018: $1.7BHUM FY2019: $2.7BHUM FY2020: $3.4BHUM FY2021: $2.9BHUM FY2022: $2.8BHUM FY2023: $2.5BHUM FY2024: $1.2BHUM FY2025: $1.2BOSCR FY2019: -$261.2MOSCR FY2021: -$406.8MOSCR FY2021: -$572.6MOSCR FY2022: -$606.3MOSCR FY2023: -$270.7MOSCR FY2024: $25.4MOSCR FY2025: -$443.2MFY18FY19FY20FY21FY22FY23FY24FY25
HUM $1.2BOSCR -$443.2M
Net margin
HUM FY2018: 3.0%HUM FY2019: 4.2%HUM FY2020: 4.4%HUM FY2021: 3.5%HUM FY2022: 3.0%HUM FY2023: 2.3%HUM FY2024: 1.0%HUM FY2025: 0.9%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
HUM 0.9%OSCR -3.8%
Revenue growth
HUM FY2019: +14.0%HUM FY2020: +18.9%HUM FY2021: +7.7%HUM FY2022: +11.8%HUM FY2023: +14.5%HUM FY2024: +10.7%HUM FY2025: +10.1%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
HUM +10.1%OSCR +27.5%
Free cash flow
HUM FY2018: $1.6BHUM FY2019: $4.5BHUM FY2020: $4.7BHUM FY2021: $920MHUM FY2022: $3.5BHUM FY2023: $3BHUM FY2024: $2.4BHUM FY2025: $375MOSCR FY2019: -$191.4MOSCR FY2021: $208.7MOSCR FY2021: -$207.6MOSCR FY2022: $351.3MOSCR FY2023: -$297.7MOSCR FY2024: $950.3MOSCR FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
HUM $375MOSCR $1.1B

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

Questions about Humana and Oscar Health

Which is bigger by revenue, Humana or Oscar Health?

Humana is bigger by revenue: $129.7B in fiscal 2025, against $11.7B for Oscar Health in fiscal 2025.

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

Humana had a net margin of 0.9% in fiscal 2025; Oscar Health had -3.8% in fiscal 2025.

Which grew revenue faster, Humana or Oscar Health?

In their latest fiscal years revenue changed by +10.1% at Humana 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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