Alignment Healthcare (ALHC) FCF Margin (2020 - 2026)
Alignment Healthcare (ALHC) reported FCF Margin of 9.89% for Q1 2026, up 898.0% on a YoY basis from 0.99% in Q1 2025, and up 458.44% quarter-over-quarter from 2.76% in Q4 2025.
Alignment Healthcare (ALHC) FCF Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare has reported FCF Margin for 7 years, with the latest figure at 9.89% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 898.0% year-over-year to 9.89%; the trailing twelve-month figure through Mar 2026 stood at 5.92% (up 427.0% YoY), and the FY2025 full-year result was 3.54%, up 226.0% from the prior year.
- FCF Margin for Q1 2026 stood at 9.89%, up from 2.76% in the prior quarter.
- The five-year high for FCF Margin was 29.16% in Q3 2022, with the low at 46.37% in Q4 2023.
- Historically, FCF Margin has averaged 0.08% across 5 years, with a median of 3.07% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin sank 3135 bps — and 2024, when it soared 4513 bps.
- Alignment Healthcare's FCF Margin stood at 41.46% in 2022, then decreased by 12 bps to 46.37% in 2023, then surged by 97 bps to 1.24% in 2024, then plunged by 123 bps to 2.76% in 2025, then jumped by 458 bps to 9.89% in 2026.
- The last three FCF Margin figures came in at 9.89% (Q1 2026), 2.76% (Q4 2025), and 12.37% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 7.29% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 10.06% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 8.28% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 8.81% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 3.00% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 8.34% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 9.77% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 45,648.58% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 9.89% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 14.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.89% |
| Dec 31, 2025 | -2.76% |
| Sep 30, 2025 | 12.37% |
| Jun 30, 2025 | 3.70% |
| Mar 31, 2025 | 0.91% |
| Dec 31, 2024 | -1.24% |
| Sep 30, 2024 | 3.78% |
| Jun 30, 2024 | 3.50% |
| Mar 31, 2024 | -1.03% |
| Dec 31, 2023 | -46.37% |
| Sep 30, 2023 | 1.31% |
| Jun 30, 2023 | 9.72% |
| Mar 31, 2023 | 17.72% |
| Dec 31, 2022 | -41.46% |
| Sep 30, 2022 | 29.16% |
| Jun 30, 2022 | 3.07% |
| Mar 31, 2022 | -3.69% |
| Dec 31, 2021 | -10.11% |
| Sep 30, 2021 | 4.40% |
| Jun 30, 2021 | -7.59% |