Where do Alignment Healthcare's ratios come from?

Every ratio is computed from Alignment Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	0.5%+3.5pp	-0%+4.7pp	-0.6%+5.3pp	-1.5%+5.3pp	-3%+4.8pp
EBITDA margin	1.6%+2.8pp	1.1%+3.9pp	0.9%+4.7pp	0.1%+4.9pp	-1.2%+4.4pp
Returns
Return on equity	12.6%+88.4pp	-0.5%+99.2pp	-15.1%+80.1pp	-38.5%+53.1pp	-75.8%+13.1pp
Return on assets	1.8%+13.7pp	-0.1%+18.6pp	-2.3%+17.4pp	-5.9%+14.4pp	-11.9%+10.7pp
Efficiency
Asset turnover	3.9×0.0×	4.3×+0.3×	4.1×+0.7×	3.9×+0.9×	3.9×+1.0×
Liquidity
Current ratio	1.6×-0.1×	1.7×-0.2×	1.6×0.0×	1.7×0.0×	1.7×+0.1×
Quick ratio	1.6×-0.1×	1.7×-0.2×	1.6×0.0×	1.7×0.0×	1.7×+0.1×
Cash ratio	1×0.0×	1×-0.2×	1×+0.1×	0.9×0.0×	1×+0.3×
Leverage
Debt-to-equity	1.6×-1.4×	1.8×-1.5×	2×+0.1×	2.3×+0.5×	3×+1.7×
Debt-to-assets	0.3×-0.1×	0.3×-0.1×	0.3×0.0×	0.3×0.0×	0.4×+0.1×
Net debt / EBITDA	-5.8×—	-5.5×—	-9.3×—	-35×—	——
Interest coverage	2.2×+5.2×	0.9×+5.2×	0.1×+5.3×	-1.2×+4.7×	-3×+3.3×
Per Share
Book value per share	$0.97+73.8%	$0.91+73.0%	$0.77+29.4%	$0.67+3.8%	$0.56-19.4%
Valuation
Market capitalization	$3.6B+0.8%	$3.95B+83.2%	$3.46B+52.8%	$2.79B+86.3%	$3.57B+281%
Enterprise value	$3.22B-6.7%	$3.71B+80.6%	$3.16B+47.7%	$2.64B+91.8%	$3.45B+298%
Price / earnings	181.7×—	——	——	——	——
Price / sales	0.8×-0.3×	1×+0.2×	1×0.0×	0.8×+0.2×	1.2×+0.7×
Price / book	17.4×-15.6×	22×+0.4×	21.3×+1.6×	19.8×+7.7×	33×+25.9×
EV / EBITDA	48.5×—	82.1×—	99.2×—	614.8×—	——
EV / sales	0.8×-0.4×	0.9×+0.2×	0.9×0.0×	0.8×+0.2×	1.1×+0.7×
Earnings yield	0.6%+3.1pp	-0%+5.9pp	-0.6%+5.8pp	-1.8%+8.4pp	-2.5%+14.2pp

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Questions, answered.

Where do Alignment Healthcare's ratios come from?: Every ratio is computed from Alignment Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.