BTSG vs. DVA: BrightSpring Health Services vs. DaVita Stock Comparison

November 11, 2026

How do BrightSpring Health Services (BTSG) and DaVita (DVA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BrightSpring Health Services (BTSG) and DaVita (DVA) are both classified in the Health Care Services sub-industry within the broader Health Care Providers & Services industry, placing them in the closest GICS peer bucket.

DaVita (DVA) carries decades of public-market history since October 31, 1995, while BrightSpring Health Services (BTSG) listed on January 26, 2024 — long-window comparisons have far more historical data on the DVA side.

Company profile comparison for BrightSpring Health Services (BTSG) and DaVita (DVA)
Profile Item	BTSG	DVA
Name	BrightSpring Health Services, Inc.	DaVita Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Providers & Services
GICS Sub-Industry	Health Care Services	Health Care Services
Market Capitalization	13.36 billion USD	12.04 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	January 26, 2024	October 31, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

BTSG

DVA

GSPC

BrightSpring Health Services (BTSG) vs. DaVita (DVA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BrightSpring Health Services (BTSG) and DaVita (DVA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BrightSpring Health Services (BTSG) and DaVita (DVA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Total Return (1Y)	106.02%	51.64%
Total Return (3Y, Annualized)	--	30.54%
Total Return (5Y, Annualized)	--	11.92%

Risk Profile

Drawdown History

BTSG

DVA

GSPC

BrightSpring Health Services (BTSG) vs. DaVita (DVA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BrightSpring Health Services (BTSG) and DaVita (DVA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Volatility (1Y, Annualized)	45.20%	46.86%
Beta (5Y)	1.75	0.85
Max Drawdown (5Y)	-35.56%	-46.98%
Avg. Volume (3M)	2.47M	713.76K

Risk-Adjusted Performance

Risk-Return Positioning

BTSG and DVA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Sharpe Ratio (1Y)	2.25	1.01
Sortino Ratio (1Y)	3.25	1.78

Profitability

ROE (TTM)

Both companies show strong equity returns, but DaVita (DVA) at 96.79% is the standout with ROE above its industry range; BrightSpring Health Services (BTSG) at 15.54% also sits in the top quartile.

BTSG

Health Care Equipment & Services industry group

15.54%

Max: 47.61%
BTSG: 15.54%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

DVA

Health Care Equipment & Services industry group

96.79%

DVA: 96.79%
Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both BrightSpring Health Services (BTSG) at 2.69% and DaVita (DVA) at 6.49% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BTSG

Health Care Equipment & Services industry group

2.69%

Max: 29.35%
Q3: 9.33%
BTSG: 2.69%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

DVA

Health Care Equipment & Services industry group

6.49%

Max: 29.35%
Q3: 9.33%
DVA: 6.49%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

DaVita (DVA) at 15.46% operates in the top operating margin quartile, ahead of BrightSpring Health Services (BTSG) at 3.81%, which runs around its industry’s norm.

BTSG

Health Care Equipment & Services industry group

3.81%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
BTSG: 3.81%
Q1: -0.28%
Min: -16.29%

DVA

Health Care Equipment & Services industry group

15.46%

Max: 35.43%
DVA: 15.46%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
ROE (TTM)	15.54%	96.79%
ROA (TTM)	5.44%	7.59%
Net Margin (TTM)	2.69%	6.49%
Operating Margin (TTM)	3.81%	15.46%
Gross Margin (TTM)	12.50%	32.28%

Growth

Revenue Growth

BrightSpring Health Services (BTSG) at 28.18% sits in the top revenue growth quartile, while DaVita (DVA) at 6.46% is closer to the peer norm — faster top-line expansion for BTSG.

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: DaVita (DVA) reports EPS growth of -8.29%, ranked against its industry; BrightSpring Health Services (BTSG) has no EPS growth figure this period.

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Revenue Growth (YoY)	28.18%	6.46%
Revenue Growth (3Y CAGR)	18.69%	5.53%
EPS Growth (YoY)	--	-8.29%
EPS Growth (3Y CAGR)	--	18.93%

Financial Strength

Current Ratio (MRQ)

Both BrightSpring Health Services (BTSG) at 1.62 and DaVita (DVA) at 1.41 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BTSG

Health Care Equipment & Services industry group

1.62

Max: 7.59
Q3: 4.00
Median: 1.98
BTSG: 1.62
Q1: 1.37
Min: 0.30

DVA

Health Care Equipment & Services industry group

1.41

Max: 7.59
Q3: 4.00
Median: 1.98
DVA: 1.41
Q1: 1.37
Min: 0.30

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but DVA is more stretched: BrightSpring Health Services (BTSG) at 1.09 sits in the higher-leverage quartile and DaVita (DVA) at 11.90 is above its industry benchmark range.

BTSG

Health Care Equipment & Services industry group

1.09

Max: 1.88
BTSG: 1.09
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

DVA

Health Care Equipment & Services industry group

11.90

DVA: 11.90
Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Current Ratio (MRQ)	1.62	1.41
Debt / Equity (MRQ)	1.09	11.90
Net Debt / EBITDA	2.39	4.51

Dividends

Dividend Yield (TTM)

Neither BrightSpring Health Services (BTSG) nor DaVita (DVA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

BTSG

Health Care Equipment & Services industry group

0.00%

BTSG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither BrightSpring Health Services (BTSG) nor DaVita (DVA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

BTSG

Health Care Equipment & Services industry group

0.00%

BTSG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DVA

Health Care Equipment & Services industry group

0.00%

DVA: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

DaVita (DVA) at 14.49 sits in the cheaper P/E ratio quartile, while BrightSpring Health Services (BTSG) at 47.62 is closer to its industry’s usual earnings multiple — a discount for DVA, though growth and earnings durability still matter.

BTSG

Health Care Equipment & Services industry group

47.62

Max: 80.41
BTSG: 47.62
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

DVA

Health Care Equipment & Services industry group

14.49

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
DVA: 14.49
Min: 4.21

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Both BrightSpring Health Services (BTSG) at 0.88 and DaVita (DVA) at 0.85 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

BTSG

Health Care Equipment & Services industry group

0.88

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
BTSG: 0.88
Min: 0.03

DVA

Health Care Equipment & Services industry group

0.85

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
DVA: 0.85
Min: 0.03

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

DaVita (DVA) reports a negative P/B ratio of -20.52, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile BrightSpring Health Services (BTSG) reports 6.39, ranking against industry peers normally.

BTSG

Health Care Equipment & Services industry group

6.39

Max: 11.68
BTSG: 6.39
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

DVA

Health Care Equipment & Services industry group

-20.52

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
DVA: -20.52

BrightSpring Health Services (BTSG) vs. DaVita (DVA): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for BrightSpring Health Services (BTSG) and DaVita (DVA)
Metric	BTSG	DVA
P/E Ratio (TTM)	47.62	14.49
P/S Ratio (TTM)	0.88	0.85
P/B Ratio (MRQ)	6.39	-20.52
Free Cash Flow Yield (TTM)	8.30%	7.52%