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Side-by-side financial comparison of Option Care Health, Inc. (OPCH) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

Option Care Health, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.1× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs 3.6%, a 0.8% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 12.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 13.0%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

OPCH vs PACS — Head-to-Head

Bigger by revenue
OPCH
OPCH
1.1× larger
OPCH
$1.4B
$1.4B
PACS
Growing faster (revenue YoY)
PACS
PACS
+6.2% gap
PACS
18.4%
12.2%
OPCH
Higher net margin
PACS
PACS
0.8% more per $
PACS
4.4%
3.6%
OPCH
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
13.0%
OPCH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
OPCH
OPCH
PACS
PACS
Revenue
$1.4B
$1.4B
Net Profit
$51.8M
$59.7M
Gross Margin
19.0%
Operating Margin
5.9%
7.0%
Net Margin
3.6%
4.4%
Revenue YoY
12.2%
18.4%
Net Profit YoY
-3.8%
3022.5%
EPS (diluted)
$0.32
$0.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OPCH
OPCH
PACS
PACS
Q4 25
$1.4B
Q3 25
$1.4B
$1.3B
Q2 25
$1.4B
$1.3B
Q1 25
$1.3B
$1.3B
Q4 24
$1.3B
$1.1B
Q3 24
$1.3B
$1.0B
Q2 24
$1.2B
$981.4M
Q1 24
$1.1B
$934.3M
Net Profit
OPCH
OPCH
PACS
PACS
Q4 25
$59.7M
Q3 25
$51.8M
$52.4M
Q2 25
$50.5M
$51.0M
Q1 25
$46.7M
$28.5M
Q4 24
$60.1M
$1.9M
Q3 24
$53.9M
$15.6M
Q2 24
$53.0M
$-10.9M
Q1 24
$44.8M
$49.1M
Gross Margin
OPCH
OPCH
PACS
PACS
Q4 25
Q3 25
19.0%
Q2 25
19.0%
Q1 25
19.7%
Q4 24
21.3%
Q3 24
20.1%
17.1%
Q2 24
20.3%
22.3%
Q1 24
20.8%
21.2%
Operating Margin
OPCH
OPCH
PACS
PACS
Q4 25
7.0%
Q3 25
5.9%
6.4%
Q2 25
5.8%
6.2%
Q1 25
5.9%
3.8%
Q4 24
6.9%
1.7%
Q3 24
6.7%
2.2%
Q2 24
6.6%
0.1%
Q1 24
6.0%
8.6%
Net Margin
OPCH
OPCH
PACS
PACS
Q4 25
4.4%
Q3 25
3.6%
3.9%
Q2 25
3.6%
3.9%
Q1 25
3.5%
2.2%
Q4 24
4.8%
0.2%
Q3 24
4.2%
1.5%
Q2 24
4.3%
-1.1%
Q1 24
3.9%
5.3%
EPS (diluted)
OPCH
OPCH
PACS
PACS
Q4 25
$0.42
Q3 25
$0.32
$0.32
Q2 25
$0.31
$0.31
Q1 25
$0.28
$0.17
Q4 24
$0.36
$-0.03
Q3 24
$0.31
$0.10
Q2 24
$0.30
$-0.07
Q1 24
$0.26
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPCH
OPCH
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$309.8M
$197.0M
Total DebtLower is stronger
$1.2B
$353.2M
Stockholders' EquityBook value
$1.4B
$946.8M
Total Assets
$3.5B
$5.6B
Debt / EquityLower = less leverage
0.86×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPCH
OPCH
PACS
PACS
Q4 25
$197.0M
Q3 25
$309.8M
$355.7M
Q2 25
$198.8M
$294.2M
Q1 25
$171.4M
$287.5M
Q4 24
$412.6M
$157.7M
Q3 24
$483.0M
$49.5M
Q2 24
$376.9M
$73.4M
Q1 24
$219.5M
$81.2M
Total Debt
OPCH
OPCH
PACS
PACS
Q4 25
$353.2M
Q3 25
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
$411.9M
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
OPCH
OPCH
PACS
PACS
Q4 25
$946.8M
Q3 25
$1.4B
$871.3M
Q2 25
$1.4B
$806.8M
Q1 25
$1.4B
$750.2M
Q4 24
$1.4B
$709.6M
Q3 24
$1.4B
$660.0M
Q2 24
$1.4B
$572.1M
Q1 24
$1.4B
$128.0M
Total Assets
OPCH
OPCH
PACS
PACS
Q4 25
$5.6B
Q3 25
$3.5B
$5.6B
Q2 25
$3.4B
$5.5B
Q1 25
$3.3B
$5.5B
Q4 24
$3.4B
$5.2B
Q3 24
$3.4B
$4.5B
Q2 24
$3.3B
$3.9B
Q1 24
$3.2B
$3.9B
Debt / Equity
OPCH
OPCH
PACS
PACS
Q4 25
0.37×
Q3 25
0.86×
Q2 25
0.82×
Q1 25
0.82×
Q4 24
0.79×
0.58×
Q3 24
0.78×
Q2 24
0.79×
Q1 24
0.74×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OPCH
OPCH
PACS
PACS
Operating Cash FlowLast quarter
$139.4M
$-3.4M
Free Cash FlowOCF − Capex
$130.2M
FCF MarginFCF / Revenue
9.1%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.69×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$220.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPCH
OPCH
PACS
PACS
Q4 25
$-3.4M
Q3 25
$139.4M
$204.8M
Q2 25
$90.3M
$52.6M
Q1 25
$-7.2M
$150.2M
Q4 24
$36.1M
$64.6M
Q3 24
$160.4M
$209.2M
Q2 24
$195.7M
$34.8M
Q1 24
$-68.8M
$58.8M
Free Cash Flow
OPCH
OPCH
PACS
PACS
Q4 25
Q3 25
$130.2M
Q2 25
$81.2M
Q1 25
$-16.6M
Q4 24
$25.8M
Q3 24
$150.7M
Q2 24
$185.9M
Q1 24
$-74.6M
FCF Margin
OPCH
OPCH
PACS
PACS
Q4 25
Q3 25
9.1%
Q2 25
5.7%
Q1 25
-1.2%
Q4 24
2.0%
Q3 24
11.8%
Q2 24
15.1%
Q1 24
-6.5%
Capex Intensity
OPCH
OPCH
PACS
PACS
Q4 25
Q3 25
0.6%
Q2 25
0.6%
Q1 25
0.7%
Q4 24
0.8%
Q3 24
0.8%
Q2 24
0.8%
Q1 24
0.5%
Cash Conversion
OPCH
OPCH
PACS
PACS
Q4 25
-0.06×
Q3 25
2.69×
3.91×
Q2 25
1.79×
1.03×
Q1 25
-0.15×
5.28×
Q4 24
0.60×
33.78×
Q3 24
2.98×
13.39×
Q2 24
3.69×
Q1 24
-1.54×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OPCH
OPCH

Commercial Customer$1.3B87%
Government Customer$172.8M12%
Patient Customer$10.1M1%
Corporate Joint Venture$1.9M0%

PACS
PACS

Segment breakdown not available.

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