OPCH 10-KFeb 26 '25
“For the year ended December 31, 2024, 12% of our revenue was derived from reimbursement by direct federal and state programs such as Medicare and Medicaid.”
BTSG 10-KFeb 27 '26
“We are reimbursed for substantially all of our services by federal, state, and local government programs, such as Medicare, including Medicare Part D, and Medicaid state programs, MCOs and other state agencies.”
OPCH 10-KFeb 26 '25
“For the year ended December 31, 2024, 12% of our revenue was derived from reimbursement by direct federal and state programs such as Medicare and Medicaid.”
BTSG 10-KFeb 27 '26
“We are reimbursed for substantially all of our services by federal, state, and local government programs, such as Medicare, including Medicare Part D, and Medicaid state programs, MCOs and other state agencies.”
| Stage | OPCH | % of rev | BTSG | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.5B | 100.00% | $4.2B | 100.00% | BTSG ×2.82 |
| Gross profit | $285M | 19.08% | $519M | 12.31% | OPCH +6.8pp |
| Operating income | $89M | 5.97% | $160M | 3.81% | OPCH +2.2pp |
| Pre-tax income | $79M | 5.28% | $129M | 3.07% | OPCH +2.2pp |
| Net income | $57M | 3.85% | $100M | 2.38% | OPCH +1.5pp |
| Stage | OPCH | BTSG | Gap · A − B |
|---|---|---|---|
| Revenue | $1.5B100.00% | $4.2B100.00% | BTSG ×2.82 |
| Gross profit | 19.08%$285M | 12.31%$519M | OPCH +6.8pp |
| Operating income | 5.97%$89M | 3.81%$160M | OPCH +2.2pp |
| Pre-tax income | 5.28%$79M | 3.07%$129M | OPCH +2.2pp |
| Net income | 3.85%$57M | 2.38%$100M | OPCH +1.5pp |