Alignment Healthcare (ALHC) Gross Margin (2020 - 2026)
Alignment Healthcare's (ALHC) quarterly Gross Margin came in at 13.55% in Q2 2026, up 39.0% YoY from 9.75% in Q2 2025, and up 15.83% on a QoQ basis from 11.7% in Q1 2026.
Alignment Healthcare (ALHC) Gross Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare (ALHC) has 7 years of Gross Margin data on file, last reported at 13.55% in Q2 2026.
- Quarterly Gross Margin rose 39.0% year-over-year to 13.55% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 12.55% (up 41.0% YoY) and the FY2025 annual result came in at 12.37%, up 140.0% from the prior year.
- Gross Margin advanced to 13.55% in Q2 2026, from 11.7% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 16.16% in Q2 2022 to a low of 8.81% in Q1 2024.
- A 5-year average of 11.87% and a median of 11.89% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin surged 610 bps — and 2023, when it slumped 497 bps.
- Tracing ALHC's Gross Margin over 5 years: stood at 9.9% in 2022, then advanced by 3 bps to 10.23% in 2023, then increased by 20 bps to 12.31% in 2024, then dropped by 1 bps to 12.18% in 2025, then climbed by 11 bps to 13.55% in 2026.
- The last three Gross Margin figures came in at 13.55% (Q2 2026), 11.7% (Q1 2026), and 12.18% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 26.65% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 13.45% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 27.16% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 13.19% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 22.25% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 13.55% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 20.59% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 25.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.55% |
| Mar 31, 2026 | 11.70% |
| Dec 31, 2025 | 12.18% |
| Sep 30, 2025 | 12.65% |
| Jun 30, 2025 | 13.15% |
| Mar 31, 2025 | 11.44% |
| Dec 31, 2024 | 12.31% |
| Sep 30, 2024 | 11.41% |
| Jun 30, 2024 | 11.15% |
| Mar 31, 2024 | 8.81% |
| Dec 31, 2023 | 8.99% |
| Sep 30, 2023 | 12.88% |
| Jun 30, 2023 | 11.19% |
| Mar 31, 2023 | 8.85% |
| Dec 31, 2022 | 10.12% |
| Sep 30, 2022 | 13.09% |
| Jun 30, 2022 | 16.09% |
| Mar 31, 2022 | 12.09% |
| Dec 31, 2021 | 12.92% |
| Sep 30, 2021 | 13.45% |