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Oscar Health (Oscar Health) EBIT : $-27 Mil (TTM As of Mar. 2024)


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What is Oscar Health EBIT?

Oscar Health's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $184 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-27 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Oscar Health's annualized ROC % for the quarter that ended in Mar. 2024 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Oscar Health's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -0.88%.


Oscar Health EBIT Historical Data

The historical data trend for Oscar Health's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oscar Health EBIT Chart

Oscar Health Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
-259.39 -402.27 -565.86 -587.45 -242.70

Oscar Health Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -31.47 -8.14 -58.66 -144.43 184.38

Competitive Comparison of Oscar Health's EBIT

For the Healthcare Plans subindustry, Oscar Health's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oscar Health's EV-to-EBIT Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Oscar Health's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Oscar Health's EV-to-EBIT falls into.



Oscar Health EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-27 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Oscar Health  (NYSE:OSCR) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Oscar Health's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=737.52 * ( 1 - 0.56% )/( (-281.2044 + -351.11105)/ 2 )
=733.389888/-316.157725
= %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=3601.48 - 2083.951 - ( 1870.315 - 5% * 1431.632 )
=-281.2044

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=4418.853 - 2646.307 - ( 2230.799 - 5% * 2142.839 )
=-351.11105

Note: The EBIT data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Oscar Health's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-26.846/3040.380
=-0.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Oscar Health EBIT Related Terms

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Oscar Health (Oscar Health) Business Description

Traded in Other Exchanges
N/A
Address
75 Varick Street, 5th Floor, New York, NY, USA, 10013
Oscar Health Inc is a health insurance company. The company provides various insurance plans for individuals, families, and employees. Also, the company provides virtual care, doctor support, scheduling appointments, and other related services. The company provides plans in the Medicare Advantage program to adults who are age 65 and older and eligible for traditional Medicare but who instead select coverage through a private market plan.
Executives
Alessandrea C. Quane officer: EVP, Chief Insurance Officer 175 WATER STREET, NEW YORK NY 10038
Richard Scott Blackley officer: Chief Financial Officer 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ranmali Bopitiya officer: EVP & Chief Legal Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Victoria Baltrus officer: Chief Accounting Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Mario Schlosser director, officer: Chief Executive Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Sid Sankaran director, officer: Chief Financial Officer 180 MAIDEN LANE, NEW YORK NY 10038
Alphabet Inc. 10 percent owner 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043
Mark T Bertolini director, officer: Chief Executive Officer AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William Gassen director 75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013
Laura W Lang director DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Dennis Weaver officer: Chief Clinical Officer C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Meghan V. Joyce officer: Chief Operating Officer THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Thrive Partners Vii Growth Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012
Joshua Kushner director, 10 percent owner, officer: See Remarks C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013
Thrive Partners Vii Gp, Llc 10 percent owner 295 LAFAYETTE STREET, NEW YORK NY 10012