Omega Healthcare Investors Inc. (OHI) intrinsic value & 10-year financials
Omega Healthcare Investors Inc. (OHI) has a Graham intrinsic value of $15.00 per share. At $45.64 on Oct 17, 2026, the stock trades 204% above that value. Over the last 10 fiscal years revenue grew 3.1% a year to $1.2B, with an average return on invested capital of 4.8%.
- Graham intrinsic value
- $15.00
- Share price (Oct 17, 2026)
- $45.64
- Price vs Graham value
- 204% above
- Market cap
- $13.9B
- Revenue (FY2025)
- $1.2B
- Revenue growth (10-yr CAGR)
- 3.1%
- ROIC (10-yr avg)
- 4.8%
- Free cash flow (FY2025)
- —
OHI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | $590.2M | $1.94 | — | — | 6.5% |
| FY2024 | $1.1B | $406.3M | $1.55 | — | — | 4.8% |
| FY2023 | $949.7M | $242.2M | $1.00 | — | — | 2.9% |
| FY2022 | $878.2M | $438.8M | $1.80 | — | — | 4.9% |
| FY2021 | $1.1B | $428.3M | $1.75 | — | — | 4.8% |
| FY2020 | $892.4M | $163.5M | $0.70 | — | — | 1.8% |
| FY2019 | $928.8M | $351.9M | $1.58 | — | 59.4% | 6.4% |
| FY2018 | $881.7M | $293.9M | $1.40 | — | 56.4% | 6.2% |
| FY2017 | $908.4M | $104.9M | $0.51 | — | 28.8% | 3.1% |
| FY2016 | $900.8M | $383.4M | $1.90 | — | 56.6% | 6.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
OMEGA HEALTHCARE INVESTORS INC has demonstrated mature, steady growth, with revenue compounding at 3.1% annually over the past decade.
OMEGA HEALTHCARE INVESTORS INC has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.
OMEGA HEALTHCARE INVESTORS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, OMEGA HEALTHCARE INVESTORS INC is modeled at 0.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $15.00 per share.