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Side-by-side financial comparison of Option Care Health, Inc. (OPCH) and Spectrum Brands Holdings, Inc. (SPB). 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 $677.0M, roughly 2.0× Spectrum Brands Holdings, Inc.). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs 3.4%, a 0.8% gap on every dollar of revenue. On growth, Option Care Health, Inc. posted the faster year-over-year revenue change (1.3% vs -3.3%). Over the past eight quarters, Option Care Health, Inc.'s revenue compounded faster (4.9% CAGR vs -2.9%).

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 ...

Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.

OPCH vs SPB — Head-to-Head

Bigger by revenue
OPCH
OPCH
2.0× larger
OPCH
$1.4B
$677.0M
SPB
Growing faster (revenue YoY)
OPCH
OPCH
+4.6% gap
OPCH
1.3%
-3.3%
SPB
Higher net margin
SPB
SPB
0.8% more per $
SPB
4.2%
3.4%
OPCH
Faster 2-yr revenue CAGR
OPCH
OPCH
Annualised
OPCH
4.9%
-2.9%
SPB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
OPCH
OPCH
SPB
SPB
Revenue
$1.4B
$677.0M
Net Profit
$45.3M
$28.4M
Gross Margin
19.4%
35.7%
Operating Margin
5.4%
4.0%
Net Margin
3.4%
4.2%
Revenue YoY
1.3%
-3.3%
Net Profit YoY
-3.0%
20.9%
EPS (diluted)
$0.29
$1.21

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
SPB
SPB
Q1 26
$1.4B
Q4 25
$1.5B
$677.0M
Q3 25
$1.4B
$733.5M
Q2 25
$1.4B
$699.6M
Q1 25
$1.3B
$675.7M
Q4 24
$1.3B
$700.2M
Q3 24
$1.3B
$773.8M
Q2 24
$1.2B
$779.4M
Net Profit
OPCH
OPCH
SPB
SPB
Q1 26
$45.3M
Q4 25
$58.5M
$28.4M
Q3 25
$51.8M
$55.6M
Q2 25
$50.5M
$19.9M
Q1 25
$46.7M
$900.0K
Q4 24
$60.1M
$23.5M
Q3 24
$53.9M
$28.5M
Q2 24
$53.0M
$6.1M
Gross Margin
OPCH
OPCH
SPB
SPB
Q1 26
19.4%
Q4 25
19.3%
35.7%
Q3 25
19.0%
35.0%
Q2 25
19.0%
37.8%
Q1 25
19.7%
37.5%
Q4 24
21.3%
36.8%
Q3 24
20.1%
37.2%
Q2 24
20.3%
38.9%
Operating Margin
OPCH
OPCH
SPB
SPB
Q1 26
5.4%
Q4 25
6.2%
4.0%
Q3 25
5.9%
4.0%
Q2 25
5.8%
4.5%
Q1 25
5.9%
2.9%
Q4 24
6.9%
6.4%
Q3 24
6.7%
2.8%
Q2 24
6.6%
6.1%
Net Margin
OPCH
OPCH
SPB
SPB
Q1 26
3.4%
Q4 25
4.0%
4.2%
Q3 25
3.6%
7.6%
Q2 25
3.6%
2.8%
Q1 25
3.5%
0.1%
Q4 24
4.8%
3.4%
Q3 24
4.2%
3.7%
Q2 24
4.3%
0.8%
EPS (diluted)
OPCH
OPCH
SPB
SPB
Q1 26
$0.29
Q4 25
$0.37
$1.21
Q3 25
$0.32
$2.19
Q2 25
$0.31
$0.80
Q1 25
$0.28
$0.03
Q4 24
$0.36
$0.84
Q3 24
$0.31
$1.03
Q2 24
$0.30
$0.21

Balance Sheet & Financial Strength

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

Metric
OPCH
OPCH
SPB
SPB
Cash + ST InvestmentsLiquidity on hand
$177.3M
$126.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
Total Assets
$3.4B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPCH
OPCH
SPB
SPB
Q1 26
$177.3M
Q4 25
$232.6M
$126.6M
Q3 25
$309.8M
$123.6M
Q2 25
$198.8M
$122.0M
Q1 25
$171.4M
$96.0M
Q4 24
$412.6M
$179.9M
Q3 24
$483.0M
$368.9M
Q2 24
$376.9M
$306.8M
Total Debt
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
Q3 25
$1.2B
$496.1M
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
$496.1M
Q2 24
$1.1B
Stockholders' Equity
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
$1.3B
$1.9B
Q3 25
$1.4B
$1.9B
Q2 25
$1.4B
$1.9B
Q1 25
$1.4B
$1.9B
Q4 24
$1.4B
$2.0B
Q3 24
$1.4B
$2.1B
Q2 24
$1.4B
$2.1B
Total Assets
OPCH
OPCH
SPB
SPB
Q1 26
$3.4B
Q4 25
$3.5B
$3.4B
Q3 25
$3.5B
$3.4B
Q2 25
$3.4B
$3.5B
Q1 25
$3.3B
$3.5B
Q4 24
$3.4B
$3.6B
Q3 24
$3.4B
$3.8B
Q2 24
$3.3B
$3.8B
Debt / Equity
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
Q3 25
0.86×
0.26×
Q2 25
0.82×
Q1 25
0.82×
Q4 24
0.79×
Q3 24
0.78×
0.23×
Q2 24
0.79×

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
SPB
SPB
Operating Cash FlowLast quarter
$67.4M
Free Cash FlowOCF − Capex
$59.3M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
2.37×
TTM Free Cash FlowTrailing 4 quarters
$302.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
$258.4M
$67.4M
Q3 25
$139.4M
$171.1M
Q2 25
$90.3M
$81.8M
Q1 25
$-7.2M
$23.1M
Q4 24
$36.1M
$-72.4M
Q3 24
$160.4M
$80.7M
Q2 24
$195.7M
$82.7M
Free Cash Flow
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
$59.3M
Q3 25
$130.2M
$157.9M
Q2 25
$81.2M
$71.8M
Q1 25
$-16.6M
$13.9M
Q4 24
$25.8M
$-78.3M
Q3 24
$150.7M
$67.7M
Q2 24
$185.9M
$72.6M
FCF Margin
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
8.8%
Q3 25
9.1%
21.5%
Q2 25
5.7%
10.3%
Q1 25
-1.2%
2.1%
Q4 24
2.0%
-11.2%
Q3 24
11.8%
8.7%
Q2 24
15.1%
9.3%
Capex Intensity
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
1.2%
Q3 25
0.6%
1.8%
Q2 25
0.6%
1.4%
Q1 25
0.7%
1.4%
Q4 24
0.8%
0.8%
Q3 24
0.8%
1.7%
Q2 24
0.8%
1.3%
Cash Conversion
OPCH
OPCH
SPB
SPB
Q1 26
Q4 25
4.42×
2.37×
Q3 25
2.69×
3.08×
Q2 25
1.79×
4.11×
Q1 25
-0.15×
25.67×
Q4 24
0.60×
-3.08×
Q3 24
2.98×
2.83×
Q2 24
3.69×
13.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPCH
OPCH

Segment breakdown not available.

SPB
SPB

HPC Segment$321.5M47%
Global Pet Supplies$168.7M25%
Home And Personal Care$109.8M16%
HG Segment$73.9M11%

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