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Alignment Healthcare ALHC Operating margin

Operating margin at other companies

Humana logo
HumanaHUM
2.7%-1.7pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Molina Healthcare logo
Molina HealthcareMOH
3%-1.2pp
Centene logo
CenteneCNC
-3.7%-5.8pp

Other financials

Income statement

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Revenue$1.2B+33.3%
Operating income$15.5M+387%
Net income$11.4M+225%
EPS (diluted)$0.05+200%

Balance sheet

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Cash & equivalents$707.7M+57.9%
Total debt$323.6M+0.5%
Total equity$206.9M+91.3%
Total assets$1.3B+40.9%

Cash flow

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Operating cash flow$128.7M+674%
CapEx$7.4M-10.8%
Free cash flow$121.3M+1,350%

Valuation

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Market cap$4.52B+0.8%
Enterprise value$4.14B-6.7%
P/E228.2×
P/S1.1×-0.4×

Profitability

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Net margin0.5%+0.2pp
FCF margin4.1%

Returns & leverage

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Return on equity12.6%+6.8pp
Debt / equity1.6×-1.4×
Current ratio1.6×-0.1×

Where this comes from

Calculated from Alignment Healthcare’s reported figures.

Based on trailing twelve months.

The official record: Alignment Healthcare’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alignment Healthcare's operating margin?
Alignment Healthcare (ALHC) reported operating margin of 0.1% in Q3 2025.
How has Alignment Healthcare's operating margin changed year-over-year?
Alignment Healthcare's operating margin increased by 101.4% year-over-year, from -4.9% to 0.1%.
What is the long-term trend for Alignment Healthcare's operating margin?
Over 4 years (2020 to 2024), Alignment Healthcare's operating margin has grown at a 61.8% compound annual growth rate (CAGR), from -0.5% to -3.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.