Screener / SEC EDGAR /CIK 0001832466 /10-K filed Feb 27, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Nasdaq Financials · Health Insurance

Alignment Healthcare, Inc. ALHC

Compare with peers Embed

ALHC among the 273 companies we cover

Where it stands · the better end on the right. The band holds the middle half; the line is the median.

All 273
Sales growth
+5.3%+20.1%
+46.1%18th of 242 · median +8.9%
Net margin
11.5%30.3%
0.6%225th of 240 · median 23.0%
Return on equity
8.9%19.7%
10.4%163rd of 255 · median 12.9%
Free cash flow margin
16.4%39.6%
1.6%158th of 171 · median 27.4%
Debt / equity (less is better)
1.130.22
1.17144th of 189 · median 0.46

ALHC and 9 peers, year by year

The 9 Financials companies closest to ALHC in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

Choose the peers

Financials companies (up to 9):

Each company's latest fiscal year
CompanyYearRevenueSales growthGross marginOperating marginNet marginFCF marginReturn on equityDebt / equity
ALHC Alignment Healthcare, Inc. FY2025 $3.9B+46.1%-0.4%0.0%2.9%−0.4%1.80
OMF OneMain Holdings, Inc. FY2025 $4.9B+8.9%--16.0%-23.0%6.67
EVR Evercore Inc. FY2025 $3.9B+29.5%--15.3%30.5%29.1%0.29
TPG TPG Inc. FY2025 $4.7B+16.1%--4.0%-4.5%0.42
HOOD Robinhood Markets FY2025 $4.5B+51.6%--42.1%-20.6%0.00
SOFI SoFi Technologies, Inc. FY2025 $3.6B+23.1%--13.3%−110.3%4.6%0.17
CPAY Corpay FY2025 $4.5B+13.9%-44.0%23.6%28.7%27.5%2.58
CBOE Cboe Global Markets FY2025 $4.7B+15.1%51.5%31.1%23.3%35.7%21.4%0.28
AFRM Affirm Holdings, Inc. FY2026 $4.3B+29.6%-9.8%45.3%23.3%35.2%1.79
CNO CNO Financial Group, Inc. FY2025 $4.5B+0.9%-12.3%5.1%-8.7%-

Each company, year by year

Bars: revenue, each company on its own scale. Line: net margin, on one scale for all. FY2019 to FY2025 · 10-K XBRL

ALHCAlignment Healthcare, Inc.
FY2019 revenue $757.0MFY2020 revenue $959.2MFY2021 revenue $1.2BFY2022 revenue $1.4BFY2023 revenue $1.8BFY2024 revenue $2.7BFY2025 revenue $3.9B FY2019 net margin −5.9%FY2020 net margin −2.4%FY2021 net margin −16.7%FY2022 net margin −10.4%FY2023 net margin −8.1%FY2024 net margin −4.7%FY2025 net margin 0.0% FY2019FY2025
Revenue$3.9B Growth+46.1% Net margin0.0%
OMFOneMain Holdings, Inc.
FY2019 revenue $3.8BFY2020 revenue $3.9BFY2021 revenue $4.0BFY2022 revenue $4.2BFY2023 revenue $4.3BFY2024 revenue $4.5BFY2025 revenue $4.9B FY2019 net margin 22.6%FY2020 net margin 18.9%FY2021 net margin 33.2%FY2022 net margin 20.9%FY2023 net margin 15.0%FY2024 net margin 11.3%FY2025 net margin 16.0% FY2019FY2025
Revenue$4.9B Growth+8.9% Net margin16.0%
EVREvercore Inc.
FY2019 revenue $2.0BFY2020 revenue $2.3BFY2021 revenue $3.3BFY2022 revenue $2.8BFY2023 revenue $2.4BFY2024 revenue $3.0BFY2025 revenue $3.9B FY2019 net margin 14.7%FY2020 net margin 15.3%FY2021 net margin 22.4%FY2022 net margin 17.1%FY2023 net margin 10.5%FY2024 net margin 12.6%FY2025 net margin 15.3% FY2019FY2025
Revenue$3.9B Growth+29.5% Net margin15.3%
TPGTPG Inc.
FY2020 revenue $2.1BFY2021 revenue $5.0BFY2022 revenue $2.0BFY2023 revenue $2.4BFY2024 revenue $3.5BFY2025 revenue $4.7B FY2020 net margin 0.0%FY2021 net margin 0.0%FY2022 net margin 4.6%FY2023 net margin 3.4%FY2024 net margin 0.7%FY2025 net margin 4.0% FY2019FY2025
Revenue$4.7B Growth+16.1% Net margin4.0%
HOODRobinhood Markets
FY2019 revenue $277.5MFY2020 revenue $958.0MFY2021 revenue $1.8BFY2022 revenue $1.4BFY2023 revenue $1.9BFY2024 revenue $3.0BFY2025 revenue $4.5B FY2019 net margin −38.4%FY2020 net margin 0.7%FY2021 net margin −203.1%FY2022 net margin −75.7%FY2023 net margin −29.0%FY2024 net margin 47.8%FY2025 net margin 42.1% FY2019FY2025
Revenue$4.5B Growth+51.6% Net margin42.1%
SOFISoFi Technologies, Inc.
FY2019 revenue $442.7MFY2020 revenue $565.5MFY2021 revenue $984.9MFY2022 revenue $1.6BFY2023 revenue $2.1BFY2024 revenue $2.7BFY2025 revenue $3.6B FY2019 net margin −54.1%FY2020 net margin −39.6%FY2021 net margin −49.1%FY2022 net margin −20.4%FY2023 net margin −14.2%FY2024 net margin 18.6%FY2025 net margin 13.3% FY2019FY2025
Revenue$3.6B Growth+23.1% Net margin13.3%
CPAYCorpay
FY2019 revenue $2.6BFY2020 revenue $2.4BFY2021 revenue $2.8BFY2022 revenue $3.4BFY2023 revenue $3.8BFY2024 revenue $4.0BFY2025 revenue $4.5B FY2019 net margin 33.8%FY2020 net margin 29.5%FY2021 net margin 29.6%FY2022 net margin 27.8%FY2023 net margin 26.1%FY2024 net margin 25.3%FY2025 net margin 23.6% FY2019FY2025
Revenue$4.5B Growth+13.9% Net margin23.6%
CBOECboe Global Markets
FY2019 revenue $2.5BFY2020 revenue $3.4BFY2021 revenue $3.5BFY2022 revenue $4.0BFY2023 revenue $3.8BFY2024 revenue $4.1BFY2025 revenue $4.7B FY2019 net margin 15.0%FY2020 net margin 13.7%FY2021 net margin 15.1%FY2022 net margin 5.9%FY2023 net margin 20.2%FY2024 net margin 18.7%FY2025 net margin 23.3% FY2019FY2025
Revenue$4.7B Growth+15.1% Net margin23.3%
AFRMAffirm Holdings, Inc.
FY2019 revenue $264.4MFY2020 revenue $509.5MFY2021 revenue $870.5MFY2022 revenue $1.3BFY2023 revenue $1.6BFY2024 revenue $2.3BFY2025 revenue $3.2B FY2019 net margin −45.6%FY2020 net margin −22.1%FY2021 net margin −50.7%FY2022 net margin −52.4%FY2023 net margin −62.1%FY2024 net margin −22.3%FY2025 net margin 1.6% FY2019FY2025
Revenue$3.2B Growth+34.9% Net margin1.6%
CNOCNO Financial Group, Inc.
FY2019 revenue $4.0BFY2020 revenue $3.8BFY2021 revenue $4.1BFY2022 revenue $3.6BFY2023 revenue $4.1BFY2024 revenue $4.4BFY2025 revenue $4.5B FY2019 net margin 10.2%FY2020 net margin 7.9%FY2021 net margin 13.8%FY2022 net margin 17.6%FY2023 net margin 6.7%FY2024 net margin 9.5%FY2025 net margin 5.1% FY2019FY2025
Revenue$4.5B Growth+0.9% Net margin5.1%

Who rewrote the most

Share of the words changed in Risk Factors and in MD&A, latest 10-K against the one before

Risk FactorsMD&AEach company's latest 10-K, so the dates differ. A company that rewrote much may have reorganized the text.

Revenue, FY2019 to FY2025

Revenue as reported in the 10-K.

100 200 500 1000 FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: $3.8B, $3.9B, $4.0B, $4.2B, $4.3B, $4.5B, $4.9B OMF EVR: $2.0B, $2.3B, $3.3B, $2.8B, $2.4B, $3.0B, $3.9B EVR TPG: -, $2.1B, $5.0B, $2.0B, $2.4B, $3.5B, $4.7B TPG HOOD: $277.5M, $958.0M, $1.8B, $1.4B, $1.9B, $3.0B, $4.5B HOOD SOFI: $442.7M, $565.5M, $984.9M, $1.6B, $2.1B, $2.7B, $3.6B SOFI CPAY: $2.6B, $2.4B, $2.8B, $3.4B, $3.8B, $4.0B, $4.5B CPAY CBOE: $2.5B, $3.4B, $3.5B, $4.0B, $3.8B, $4.1B, $4.7B CBOE AFRM: $264.4M, $509.5M, $870.5M, $1.3B, $1.6B, $2.3B, $3.2B AFRM CNO: $4.0B, $3.8B, $4.1B, $3.6B, $4.1B, $4.4B, $4.5B CNO ALHC: $757.0M, $959.2M, $1.2B, $1.4B, $1.8B, $2.7B, $3.9B ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. Each company's first year in the window is 100, on a log scale: a line twice as high has doubled. A gap is a year with no number. A ring marks where a line starts: TPG has no earlier 10-K here.

Sales growth, FY2019 to FY2025

Revenue against the fiscal year before.

−25.2% +245% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: +12.6%, +2.3%, +2.4%, +5.4%, +2.6%, +5.2%, +8.9% OMF EVR: −2.6%, +12.6%, +44.7%, −16.0%, −12.1%, +22.7%, +29.5% EVR TPG: -, -, +10.7%, +27.5%, +23.1%, +36.0%, +16.1% TPG HOOD: -, +245%, +89.5%, −25.2%, +37.3%, +58.2%, +51.6% HOOD SOFI: -, n/m, +140%, +52.2%, +11.8%, +19.4%, +23.1% SOFI CPAY: +8.8%, −9.8%, +18.6%, +20.9%, +9.6%, +5.8%, +13.9% CPAY CBOE: −9.8%, +37.3%, +2.0%, +13.3%, −4.7%, +8.5%, +15.1% CBOE AFRM: -, +96.8%, +55.5%, +30.2%, +12.1%, +31.8%, +34.9% AFRM CNO: −6.9%, −4.8%, +7.9%, −13.2%, +15.9%, +7.3%, +0.9% CNO ALHC: -, +26.7%, +22.2%, +22.7%, +27.2%, +48.3%, +46.1% ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −25.2% to +245%. A gap is a year with no number. A ring marks where a line starts: ALHC, TPG, HOOD, SOFI, AFRM have no earlier 10-K here.

Gross margin, FY2019 to FY2025

Gross profit / revenue.

36.6% 51.5% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 CBOE: 45.5%, 36.6%, 42.2%, 44.0%, 50.8%, 50.6%, 51.5% CBOE
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from 36.6% to 51.5%. A gap is a year with no number.
CompanyFY2019FY2020FY2021FY2022FY2023FY2024FY2025
ALHC Dec -------
OMF Dec -------
EVR Dec -------
TPG Dec -------
HOOD Dec -------
SOFI Dec -------
CPAY Dec -------
CBOE Dec 45.5%36.6%42.2%44.0%50.8%50.6%51.5%
AFRM Jun -------
CNO Dec -------
Peer median-------

Operating margin, FY2019 to FY2025

Operating income / revenue.

−75.6% 46.5% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 CPAY: 46.5%, 40.7%, 43.8%, 42.2%, 44.1%, 45.0%, 44.0% CPAY CBOE: 21.5%, 19.3%, 23.1%, 12.4%, 28.0%, 26.8%, 31.1% CBOE AFRM: −48.2%, −21.2%, −44.1%, −64.2%, −75.6%, −26.5%, −2.7% AFRM CNO: 9.2%, 12.1%, 12.5%, 13.0%, 11.1%, 12.4%, 12.3% CNO ALHC: −3.9%, −0.5%, −15.2%, −9.0%, −7.0%, −3.8%, 0.4% ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −75.6% to 46.5%. A gap is a year with no number.
CompanyFY2019FY2020FY2021FY2022FY2023FY2024FY2025
ALHC Dec −3.9%−0.5%−15.2%−9.0%−7.0%−3.8%0.4%
OMF Dec -------
EVR Dec -------
TPG Dec -------
HOOD Dec -------
SOFI Dec -------
CPAY Dec 46.5%40.7%43.8%42.2%44.1%45.0%44.0%
CBOE Dec 21.5%19.3%23.1%12.4%28.0%26.8%31.1%
AFRM Jun −48.2%−21.2%−44.1%−64.2%−75.6%−26.5%−2.7%
CNO Dec 9.2%12.1%12.5%13.0%11.1%12.4%12.3%
Peer median15.3%15.7%17.8%12.7%19.6%19.6%21.7%

Net margin, FY2019 to FY2025

Net income / revenue.

−203.1% 47.8% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: 22.6%, 18.9%, 33.2%, 20.9%, 15.0%, 11.3%, 16.0% OMF EVR: 14.7%, 15.3%, 22.4%, 17.1%, 10.5%, 12.6%, 15.3% EVR TPG: -, 0.0%, 0.0%, 4.6%, 3.4%, 0.7%, 4.0% TPG HOOD: −38.4%, 0.7%, −203.1%, −75.7%, −29.0%, 47.8%, 42.1% HOOD SOFI: −54.1%, −39.6%, −49.1%, −20.4%, −14.2%, 18.6%, 13.3% SOFI CPAY: 33.8%, 29.5%, 29.6%, 27.8%, 26.1%, 25.3%, 23.6% CPAY CBOE: 15.0%, 13.7%, 15.1%, 5.9%, 20.2%, 18.7%, 23.3% CBOE AFRM: −45.6%, −22.1%, −50.7%, −52.4%, −62.1%, −22.3%, 1.6% AFRM CNO: 10.2%, 7.9%, 13.8%, 17.6%, 6.7%, 9.5%, 5.1% CNO ALHC: −5.9%, −2.4%, −16.7%, −10.4%, −8.1%, −4.7%, 0.0% ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −203.1% to 47.8%. A gap is a year with no number. A ring marks where a line starts: TPG has no earlier 10-K here.

Free cash flow, FY2019 to FY2025

Cash from operations minus capital spending.

−$7.3B $1.9B FY2019FY2020FY2021FY2022FY2023FY2024FY2025 EVR: $433.9M, $925.0M, $1.4B, $508.2M, $437.9M, $958.0M, $1.2B EVR HOOD: $1.3B, $1.9B, −$948.0M, −$880.0M, -, -, - HOOD SOFI: −$92.3M, −$503.9M, −$1.4B, −$7.3B, −$7.3B, −$1.3B, −$4.0B SOFI CPAY: $1.1B, $1.4B, $1.1B, $603.4M, $1.9B, $1.8B, $1.3B CPAY CBOE: $597.7M, $1.4B, $545.8M, $591.3M, $1.0B, $1.0B, $1.7B CBOE AFRM: −$107.1M, −$92.3M, −$213.4M, −$248.5M, −$108.6M, $290.8M, $601.7M AFRM ALHC: -, -, -, −$69.2M, −$95.2M, −$6.6M, $113.1M ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −$7.3B to $1.9B. A gap is a year with no number. A ring marks where a line starts: ALHC has no earlier 10-K here.

FCF margin, FY2019 to FY2025

Free cash flow / revenue.

−467.0% 451.4% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 EVR: 21.4%, 40.5%, 41.0%, 18.3%, 17.9%, 32.0%, 30.5% EVR HOOD: 451.4%, 193.3%, −52.2%, −64.8%, -, -, - HOOD SOFI: −20.9%, −89.1%, −142.4%, −467.0%, −345.7%, −47.6%, −110.3% SOFI CPAY: 41.0%, 58.4%, 38.3%, 17.6%, 51.8%, 44.4%, 28.7% CPAY CBOE: 23.9%, 41.2%, 15.6%, 14.9%, 27.3%, 25.4%, 35.7% CBOE AFRM: −40.5%, −18.1%, −24.5%, −18.4%, −6.8%, 12.5%, 18.7% AFRM ALHC: -, -, -, −4.8%, −5.2%, −0.2%, 2.9% ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −467.0% to 451.4%. A gap is a year with no number. A ring marks where a line starts: ALHC has no earlier 10-K here.

Return on equity, FY2019 to FY2025

Net income / shareholders' equity at the year end.

−128.2% 56.1% FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: 19.7%, 21.2%, 43.3%, 28.9%, 20.1%, 16.0%, 23.0% OMF EVR: 34.2%, 28.5%, 56.1%, 31.0%, 16.2%, 22.2%, 29.1% EVR TPG: -, -, 0.0%, 3.0%, 2.4%, 0.7%, 4.5% TPG HOOD: n/m, n/m, −50.6%, −14.8%, −8.1%, 17.7%, 20.6% HOOD SOFI: n/m, n/m, −11.1%, −6.2%, −5.7%, 7.6%, 4.6% SOFI CPAY: 24.1%, 21.0%, 29.3%, 37.5%, 29.9%, 32.1%, 27.5% CPAY CBOE: 11.2%, 14.0%, 14.7%, 6.8%, 19.1%, 17.9%, 21.4% CBOE AFRM: n/m, n/m, −17.1%, −27.0%, −38.9%, −19.0%, 1.7% AFRM CNO: 8.8%, 5.5%, 15.5%, 35.7%, 12.5%, 16.7%, 8.7% CNO ALHC: n/m, −74.9%, −63.8%, −62.8%, −94.3%, −128.2%, −0.4% ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −128.2% to 56.1%. A gap is a year with no number. A ring marks where a line starts: ALHC, TPG, HOOD, SOFI, AFRM have no earlier 10-K here.

Debt / equity, FY2019 to FY2025

Total debt / shareholders' equity at the year end.

0.00 6.72 FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: 3.98, 5.17, 5.84, 6.06, 6.22, 6.72, 6.67 OMF EVR: 0.43, 0.31, 0.28, 0.24, 0.24, 0.22, 0.29 EVR TPG: -, -, -, 0.14, 0.28, 0.36, 0.42 TPG HOOD: -, -, -, -, -, -, 0.00 HOOD SOFI: -, n/m, 0.90, 1.05, 1.00, 0.47, 0.17 SOFI CPAY: 1.36, 1.28, 2.09, 2.77, 2.05, 2.56, 2.58 CPAY CBOE: 0.26, 0.36, 0.36, 0.50, 0.36, 0.34, 0.28 CBOE AFRM: -, -, -, -, -, 0.67, 2.48 AFRM ALHC: -, 4.71, 0.49, 0.68, 1.03, 3.22, 1.80 ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from 0.00 to 6.72. A gap is a year with no number. A ring marks where a line starts: ALHC, TPG, HOOD, SOFI, AFRM have no earlier 10-K here.
CompanyFY2019FY2020FY2021FY2022FY2023FY2024FY2025
ALHC Dec -4.710.490.681.033.221.80
OMF Dec 3.985.175.846.066.226.726.67
EVR Dec 0.430.310.280.240.240.220.29
TPG Dec ---0.140.280.360.42
HOOD Dec ------0.00
SOFI Dec -n/m0.901.051.000.470.17
CPAY Dec 1.361.282.092.772.052.562.58
CBOE Dec 0.260.360.360.500.360.340.28
AFRM Jun -----0.672.48
CNO Dec -------
Peer median0.890.820.900.780.680.470.35

EPS (diluted), FY2019 to FY2025

Diluted earnings per share, on today's share count after splits.

−$7.49 $17.08 FY2019FY2020FY2021FY2022FY2023FY2024FY2025 OMF: $6.27, $5.41, $9.88, $7.01, $5.32, $4.24, $6.56 OMF EVR: $6.89, $8.22, $17.08, $11.61, $6.37, $9.08, $14.05 EVR TPG: -, -, $0.00, −$0.19, −$0.04, −$0.42, $0.45 TPG HOOD: −$0.48, $0.01, −$7.49, −$1.17, −$0.61, $1.56, $2.05 HOOD SOFI: −$4.02, −$4.30, −$1.00, −$0.40, −$0.36, $0.39, $0.39 SOFI CPAY: $9.94, $8.12, $9.99, $12.42, $13.20, $13.97, $15.03 CPAY CBOE: $3.34, $4.27, $4.92, $2.19, $7.13, $7.21, $10.42 CBOE AFRM: −$2.84, −$2.63, −$2.94, −$2.51, −$3.34, −$1.67, $0.15 AFRM CNO: $2.61, $2.11, $4.35, $5.36, $2.40, $3.89, $2.30 CNO ALHC: −$0.33, −$0.15, −$1.14, −$0.83, −$0.79, −$0.67, $0.00 ALHC
ALHC is the bold green line; each peer has its own colour and dash, named at the line's end. One scale from −$7.49 to $17.08. A gap is a year with no number. A ring marks where a line starts: TPG has no earlier 10-K here.

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out ALHC and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more

Sources

Each company's 10-K, from SEC's XBRL company facts. Every number links to its filing in the Inline XBRL viewer.

Also

Financials: ALHC's own statements, year by year. Compare: the whole peer group on one page.

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