AMN

AMN Healthcare Services, Inc.

44
Fundamentals80/ 100
Valuation19/ 100
Upside potential31/ 100
Risk potential52/ 100

AMN trails on the overall score without a compensating advantage in the available component scores.

OSCR

Oscar Health, Inc.

69
Fundamentals85/ 100
Valuation50/ 100
Upside potential61/ 100
Risk potential35/ 100

OSCR has the edge over AMN overall, supported by stronger valuation and stronger modeled upside.

AMN Fundamentals

MetricStatus
Healthy
Healthy
Healthy
Healthy

AMN's revenue, profitability, cash flow and balance sheet are all currently healthy.

OSCR Fundamentals

MetricStatus
Strong
Healthy
Strong
Strong

OSCR's revenue, profitability, cash flow and balance sheet are all currently healthy.

AMN PE Valuation

CHEAPFAIREXPENSIVE14x28x42x56x
CHEAPFAIREXPENSIVE14x28x42x56x
LevelPEPriceVs current
Cheap11x$29.74-21%
Current14x$37.42—
Fair16x$42.98+15%
Expensive32x$88.16+136%
Forward40x$37.42—

Historical ranges are pointers, not guarantees.

AMN's PE is in its fair range at 14x. Analysts expect earnings to fall, which would put today's price at 40x next year's earnings, in its expensive range.

OSCR PE Valuation

CHEAPFAIREXPENSIVE41x83x124x166x
CHEAPFAIREXPENSIVE41x83x124x166x
LevelPEPriceVs current
Forward12x$31.94—
Current13x$31.94—
Cheap21x$52.73+65%
Fair35x$87.23+173%
Expensive130x$322+907%

Historical ranges are pointers, not guarantees.

OSCR has the edge over AMN in the historical PE scenario, which offers more potential upside but is not a forecast.

AMN Forward outlook

MetricOutlook
Strongly deteriorating
Strong decline
Decline
Weakening
Limited
Moderate

Analysts expect AMN's earnings and revenue to decline, with profitability weakening.

OSCR Forward outlook

MetricOutlook
Improving
Strong growth
Strong growth
Strongly improving
Limited
Moderate

OSCR has the edge over AMN on the outlook, with more favorable valuation and earnings expectations.

AMN Risk to reward

ScenarioChangePrice
Upside+23%$45.96
Downside-52%$17.96

Calculated from the latest close: $37.42 on Nov 12.

AMN trails OSCR on modeled risk to reward, with less potential upside and more potential downside.

OSCR Risk to reward

ScenarioChangePrice
Upside+55%$49.45
Downside-35%$20.78

Calculated from the latest close: $31.94 on Nov 12.

OSCR has a better modeled risk to reward balance than AMN, with more potential upside and less potential downside.

AMN Earnings Per Share

Q4 2023: $5.36Q1 2024: $3.79Q2 2024: $2.66Q3 2024: $1.45Q4 2024: $-3.85Q1 2025: $-4.33Q2 2025: $-7.77Q3 2025: $-7.19Q4 2025: $-2.48Q1 2026: $-0.86Q2 2026: $2.69Q3 2026: $2.76Forward: $0.93
Q4 2023: $5.36Q1 2024: $3.79Q2 2024: $2.66Q3 2024: $1.45Q4 2024: $-3.85Q1 2025: $-4.33Q2 2025: $-7.77Q3 2025: $-7.19Q4 2025: $-2.48Q1 2026: $-0.86Q2 2026: $2.69Q3 2026: $2.76Forward: $0.93
QuarterTTM EPSYoY
Forward$0.93-66%
Q3 2026$2.76+$9.95
Q2 2026$2.69+$10.46
Q1 2026-$0.86+$3.47
Q4 2025-$2.48+$1.37
Q3 2025-$7.19-596%
Q2 2025-$7.77-392%
Q1 2025-$4.33-214%
Q4 2024-$3.85-172%

AMN has returned to profit: it earned $2.76 per share over the past year, after losing money the year before.

OSCR Earnings Per Share

Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
QuarterTTM EPSYoY
Forward$2.61+5.6%
Q3 2026$2.47+$3.47
Q2 2026$1.45+$2.14
Q1 2026-$0.54-235%
Q4 2025-$1.69-1790%
Q3 2025-$1.00-$0.92
Q2 2025-$0.69-$0.54
Q1 2025$0.40+$0.82
Q4 2024$0.10+$1.32

OSCR has returned to profit: it earned $2.47 per share over the past year, after losing money the year before.

AMN Quarterly Revenue

Q4 2023: $818MQ1 2024: $821MQ2 2024: $741MQ3 2024: $688MQ4 2024: $735MQ1 2025: $690MQ2 2025: $658MQ3 2025: $634MQ4 2025: $748MQ1 2026: $1.4BQ2 2026: $673MQ3 2026: $717M
Q4 2023: $818MQ1 2024: $821MQ2 2024: $741MQ3 2024: $688MQ4 2024: $735MQ1 2025: $690MQ2 2025: $658MQ3 2025: $634MQ4 2025: $748MQ1 2026: $1.4BQ2 2026: $673MQ3 2026: $717M
QuarterRevenueYoY
Q3 2026$717.3M+13%
Q2 2026$673.2M+2.3%
Q1 2026$1.4B+100%
Q4 2025$748.2M+1.8%
Q3 2025$634.5M-7.7%
Q2 2025$658.2M-11%
Q1 2025$689.5M-16%
Q4 2024$734.7M-10%

AMN's revenue is recovering but still below its 2022 peak: $717M last quarter, up 13% from the same quarter a year ago.

OSCR Quarterly Revenue

Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
QuarterRevenueYoY
Q3 2026$5.1B+72%
Q2 2026$4.9B+70%
Q1 2026$4.6B+53%
Q4 2025$2.8B+17%
Q3 2025$3B+23%
Q2 2025$2.9B+29%
Q1 2025$3B+42%
Q4 2024$2.4B+67%

OSCR has the edge over AMN on sales, with more consistent year-over-year improvement.

AMN Free Cash Flow

Q4 2023: −$71MQ1 2024: $63MQ2 2024: $72MQ3 2024: $47MQ4 2024: $57MQ1 2025: $83MQ2 2025: $69MQ3 2025: $15MQ4 2025: $68MQ1 2026: $555MQ2 2026: −$198MQ3 2026: −$97M
Q4 2023: −$71MQ1 2024: $63MQ2 2024: $72MQ3 2024: $47MQ4 2024: $57MQ1 2025: $83MQ2 2025: $69MQ3 2025: $15MQ4 2025: $68MQ1 2026: $555MQ2 2026: −$198MQ3 2026: −$97M
QuarterFree cash flowYoY
Q3 2026-$97.3M-760%
Q2 2026-$198.5M-389%
Q1 2026$555.2M+571%
Q4 2025$67.6M+19%
Q3 2025$14.8M-69%
Q2 2025$68.7M-4.8%
Q1 2025$82.7M+31%
Q4 2024$56.6M+$127.6M

AMN usually generates cash, though not every quarter: the latest was −$97M, but it generated $327M over the past year.

OSCR Free Cash Flow

Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
QuarterFree cash flowYoY
Q3 2026-$1.2B-$238.2M
Q2 2026$2.1B+316%
Q1 2026$2.6B+200%
Q4 2025$662.8M+95%
Q3 2025-$973.7M-$466M
Q2 2025$499.8M+2.1%
Q1 2025$869.5M+38%
Q4 2024$340M+17%

OSCR has the edge over AMN on cash flow, with more consistent year-over-year improvement.

AMN Total Shares

Q4 2023: 39MQ1 2024: 38MQ2 2024: 38MQ3 2024: 38MQ4 2024: 38MQ1 2025: 38MQ2 2025: 38MQ3 2025: 39MQ4 2025: 39MQ1 2026: 39MQ2 2026: 40MQ3 2026: 40M
Q4 2023: 39MQ1 2024: 38MQ2 2024: 38MQ3 2024: 38MQ4 2024: 38MQ1 2025: 38MQ2 2025: 38MQ3 2025: 39MQ4 2025: 39MQ1 2026: 39MQ2 2026: 40MQ3 2026: 40M
PeriodChange %Net change
Quarterly+1.1%+433K shares
1 year+3.8%+1.5M shares
3 years+4.8%+1.8M shares
5 years-16%-7.9M shares
Available history-16%-7.4M shares

AMN has the edge over OSCR on shareholder dilution, with a more favorable share count trend.

OSCR Total Shares

Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
PeriodChange %Net change
Quarterly+3.9%+13M shares
1 year+34%+87.2M shares
3 years+55%+123M shares
5 years+66%+138M shares
Available history+71%+143M shares

OSCR has 346M diluted shares, up 34% from a year ago.

AMN Net Leverage

Q4 2023: 2.6xQ1 2024: 2.9xQ2 2024: 3.1xQ3 2024: 3.6xQ4 2024: 15.5xQ1 2025: 26.5xQ4 2025: 7.6xQ1 2026: 0.9xQ2 2026: 1.1xQ3 2026: 1.5x
Q4 2023: 2.6xQ1 2024: 2.9xQ2 2024: 3.1xQ3 2024: 3.6xQ4 2024: 15.5xQ1 2025: 26.5xQ4 2025: 7.6xQ1 2026: 0.9xQ2 2026: 1.1xQ3 2026: 1.5x
QuarterNet LeverageStatus
Q3 20261.5xHealthy
Q2 20261.1xHealthy
Q1 20260.9xVery low
Q4 20257.6xHigh
Q1 202526.5xHigh
Q4 202415.5xHigh
Q3 20243.6xElevated
Q2 20243.1xElevated

AMN's net debt is about 1.4 years of its operating earnings (EBITDA), down from more than 20 years a year ago.

OSCR Net Leverage

Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
QuarterNet LeverageStatus
Q3 2026-4.2xNet Cash
Q2 2026-5.5xNet Cash
Q1 2026-110.0xNet Cash
Q1 2025-9.7xNet Cash
Q4 2024-13.7xNet Cash
Q3 2024-10.1xNet Cash
Q2 2024-24.0xNet Cash
Q1 2024-217.7xNet Cash

OSCR has the edge over AMN on leverage, with a lower net debt burden relative to earnings.

AMN Weekly Momentum

MetricValueStatus
RSI54.9Neutral
Stochastic50.2Neutral

AMN's weekly RSI is 55 (neutral) and its Stochastic is 50 (neutral).

OSCR Weekly Momentum

MetricValueStatus
RSI58.7Neutral
Stochastic44.9Neutral

OSCR's weekly RSI is 59 (neutral) and its Stochastic is 45 (neutral).

AMN PE vs Healthcare Sector

MetricAMNSector medianRelative
PE14x26x48% below
PE %402911 pts above

AMN is trading at 14x earnings, a 48% discount to the Healthcare sector's median of 26x.

OSCR PE vs Healthcare Sector

MetricOSCRSector medianRelative
PE13x26x50% below
PE %33532 pts below

OSCR has the edge over AMN on valuation relative to its sector.

AMN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$39.65.6% below
20 week MA$36.33% above
50 week MA$27.536% above
100 week MA$24.553% above
200 week MA$47.421% below

AMN's trend is mixed: it's above three of its five weekly moving averages, and 21% below its 200-week average.

OSCR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$31.22.3% above
20 week MA$31.12.8% above
50 week MA$22.939% above
100 week MA$19.365% above
200 week MA$15.5106% above

OSCR has the edge over AMN on trend strength, trading above more of its moving averages.

AMN Yearly ROI

YearStart priceEnd priceROI
2020$61.7$69.3+12%
2021$69.3$122.3+77%
2022$122.3$103.5-15%
2023$103.5$74.9-28%
2024$74.9$24.2-68%
2025$24.2$16.1-34%
2026 YTD$16.1$37.4+132%

AMN has the edge over OSCR on returns for 2026, with the stronger performance.

OSCR Yearly ROI

YearStart priceEnd priceROI
2021$31.0$8.02-74%
2022$8.02$2.21-72%
2023$2.21$9.15+314%
2024$9.15$13.8+51%
2025$13.8$14.9+8%
2026 YTD$14.9$31.9+114%

OSCR's yearly returns have swung widely, from +314% in 2023 to −74% in 2021. It's up 114% so far in 2026.

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