Omega Healthcare Financials
This page shows Omega Healthcare (OHI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Omega Healthcare’s core mechanic is converting asset income into operating cash that is largely distributed while leverage falls.
The most revealing FY2025 combination is tighter liquidity but better solvency: cash fell to$27M from$518M . Yet debt-to-equity improved from 1.1x to 0.8x, showing current cash generation is being used to reshape the balance sheet rather than to build a cash buffer, so short-term flexibility narrowed even as leverage improved.
In FY2025, dividends of
Long-term debt was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Omega Healthcare's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Omega Healthcare's revenue grew 13.2% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 53/100.
Omega Healthcare carries a low D/E ratio of 0.82, meaning only $0.82 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
Omega Healthcare generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from 0.0% the prior year.
Omega Healthcare passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Omega Healthcare generates $1441.51 in operating cash flow ($878.6M OCF vs $609K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Omega Healthcare generated $1.2B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.
Omega Healthcare reported $609K in net income in fiscal year 2025. This represents an increase of 45.9% from the prior year.
Omega Healthcare earned $1.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.2% from the prior year.
Cash & Balance Sheet
Omega Healthcare held $27.0M in cash against $4.3B in long-term debt as of fiscal year 2025.
Omega Healthcare paid $2.68 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Omega Healthcare had 296M shares outstanding in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Margins & Returns
Omega Healthcare's net profit margin was 0.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Omega Healthcare's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
OHI Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $323.0M+1.2% | $319.2M+2.4% | $311.6M+10.3% | $282.5M+2.1% | $276.8M-0.9% | $279.3M+1.2% | $276.0M+9.2% | $252.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $26.0M+6.4% | $24.5M+2.9% | $23.8M-0.3% | $23.8M-25.6% | $32.1M+42.1% | $22.6M+3.7% | $21.8M-1.8% | $22.1M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $49.8M-3.8% | $51.7M-11.0% | $58.1M+9.9% | $52.9M+1.2% | $52.3M-5.4% | $55.2M+1.0% | $54.7M+1.3% | $54.0M |
| Income Tax | $5.1M+140.2% | $2.1M-52.6% | $4.5M-1.0% | $4.5M+25.4% | $3.6M+21.1% | $3.0M-10.1% | $3.3M+67.5% | $2.0M |
| Net Income | $151.0M+135.6% | -$424.7M-336.3% | $179.7M+31.6% | $136.6M+25.3% | $109.0M+137.3% | -$292.6M-361.8% | $111.8M-1.8% | $113.9M |
| EPS (Diluted) | $0.47 | N/A | $0.59+28.3% | $0.46+39.4% | $0.33 | N/A | $0.42-6.7% | $0.45 |
OHI Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.2B+1.8% | $10.0B-5.2% | $10.6B+0.5% | $10.5B+8.7% | $9.7B-1.9% | $9.9B+3.4% | $9.6B+8.2% | $8.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $26.1M-3.2% | $27.0M-96.3% | $737.2M+0.4% | $734.2M+99.5% | $368.0M-29.0% | $518.3M+51.4% | $342.4M+873.0% | $35.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $644.4M0.0% | $644.6M0.0% | $644.6M0.0% | $644.9M+0.1% | $644.1M+0.1% | $643.7M-0.1% | $644.6M+0.1% | $643.8M |
| Total Liabilities | $4.8B+3.7% | $4.6B-13.9% | $5.4B-0.1% | $5.4B+12.2% | $4.8B-7.6% | $5.2B-0.1% | $5.2B+4.5% | $4.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $4.3B-14.8% | $5.0B-0.1% | $5.0B+12.5% | $4.4B-8.1% | $4.8B-0.4% | $4.9B+4.2% | $4.7B |
| Total Equity | $5.2B+0.2% | $5.2B+2.9% | $5.0B+1.0% | $5.0B+5.2% | $4.7B+4.5% | $4.5B+7.8% | $4.2B+13.4% | $3.7B |
| Retained Earnings | $4.8B+3.2% | $4.7B+3.7% | $4.5B+4.1% | $4.3B+3.3% | $4.2B+2.7% | $4.1B+2.9% | $4.0B+2.9% | $3.9B |
OHI Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $215.5M-6.6% | $230.6M+1.7% | $226.7M-5.2% | $239.3M+31.5% | $182.0M-20.5% | $229.0M+23.8% | $184.9M+0.4% | $184.1M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$270.0M-2206.4% | -$11.7M+86.0% | -$83.8M+81.9% | -$463.5M-2506.7% | $19.3M+106.8% | -$281.7M-111.1% | -$133.5M+36.0% | -$208.5M |
| Financing Cash Flow | $54.3M+105.8% | -$940.5M-576.3% | -$139.1M-123.6% | $589.0M+269.4% | -$347.7M-242.8% | $243.4M-9.2% | $268.1M+189.6% | -$299.2M |
| Dividends Paid | $198.4M0.0% | $198.4M+0.1% | $198.2M+1.9% | $194.6M+2.8% | $189.2M+4.3% | $181.4M+4.7% | $173.3M+4.4% | $166.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
OHI Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 46.8%+179.8pp | -133.1%-190.7pp | 57.7%+9.3pp | 48.4%+9.0pp | 39.4%+144.1pp | -104.7%-145.2pp | 40.5%-4.6pp | 45.1% |
| Return on Equity | 2.9%+11.1pp | -8.2%-11.8pp | 3.6%+0.8pp | 2.7%+0.4pp | 2.3%+8.7pp | -6.4%-9.1pp | 2.7%-0.4pp | 3.1% |
| Return on Assets | 1.5%+5.7pp | -4.2%-5.9pp | 1.7%+0.4pp | 1.3%+0.2pp | 1.1%+4.1pp | -3.0%-4.1pp | 1.2%-0.1pp | 1.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.92+0.1 | 0.82-0.2 | 0.99-0.0 | 1.00+0.1 | 0.94-0.1 | 1.07-0.1 | 1.15-0.1 | 1.26 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Omega Healthcare's annual revenue?
Omega Healthcare (OHI) reported $1.2B in total revenue for fiscal year 2025. This represents a 13.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Omega Healthcare's revenue growing?
Omega Healthcare (OHI) revenue grew by 13.2% year-over-year, from $1.1B to $1.2B in fiscal year 2025.
Is Omega Healthcare profitable?
Yes, Omega Healthcare (OHI) reported a net income of $609K in fiscal year 2025, with a net profit margin of 0.1%.
How much debt does Omega Healthcare have?
As of fiscal year 2025, Omega Healthcare (OHI) had $27.0M in cash and equivalents against $4.3B in long-term debt.
What is Omega Healthcare's net profit margin?
Omega Healthcare (OHI) had a net profit margin of 0.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Omega Healthcare pay dividends?
Yes, Omega Healthcare (OHI) paid $2.68 per share in dividends during fiscal year 2025.
What is Omega Healthcare's return on equity (ROE)?
Omega Healthcare (OHI) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Omega Healthcare's operating cash flow?
Omega Healthcare (OHI) generated $878.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Omega Healthcare's total assets?
Omega Healthcare (OHI) had $10.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Omega Healthcare's debt-to-equity ratio?
Omega Healthcare (OHI) had a debt-to-equity ratio of 0.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Omega Healthcare's return on assets (ROA)?
Omega Healthcare (OHI) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Omega Healthcare's Piotroski F-Score?
Omega Healthcare (OHI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Omega Healthcare's earnings high quality?
Omega Healthcare (OHI) has an earnings quality ratio of 1441.51x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Omega Healthcare?
Omega Healthcare (OHI) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.