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% on a YoY basis from 9.75% in Q2 2025, and up 15.83% quarter-over-quarter from 11.7% in Q1 2026.
Analysis
Alignment Healthcare (ALHC) Gross Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare (ALHC) has reported Gross Margin for 7 consecutive years, with 13.55% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 39.0% year-over-year to 13.55%; the trailing twelve-month figure through Jun 2026 stood at 12.55% (up 41.0% YoY), and the FY2025 full-year result was 12.37%, up 140.0% from the prior year.
- Gross Margin rose to 13.55% in Q2 2026 per ALHC's latest filing, from 11.7% in the prior quarter.
- Across five years, Gross Margin topped out at 16.16% in Q2 2022 and bottomed at 8.81% in Q1 2024.
- Historically, Gross Margin has averaged 11.87% across 5 years, with a median of 11.89% in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 610 bps in 2022, then tumbled 497 bps in 2023.
- Over 5 years, Gross Margin stood at 9.9% in 2022, then grew by 3 bps to 10.23% in 2023, then gained by 20 bps to 12.31% in 2024, then fell by 1 bps to 12.18% in 2025, then increased by 11 bps to 13.55% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 13.55%, 11.7%, and 12.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 352.42 Bn | 320.96 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 121.84 Bn | 107.88 Bn | 47.23 Bn | 44.52% |
| 3 | Elevance Health | 90.86 Bn | 54.91 Bn | 13.45 Bn | 26.65% |
| 4 | Cigna | 73.56 Bn | 66.30 Bn | 14.97 Bn | 20.88% |
| 5 | Humana | 48.30 Bn | 24.43 Bn | 5.50 Bn | 13.45% |
| 6 | Centene | 32.37 Bn | 5.31 Bn | 14.55 Bn | 27.16% |
| 7 | Molina Healthcare | 10.16 Bn | 1.24 Bn | 1.43 Bn | 13.19% |
| 8 | Oscar Health | 9.70 Bn | 1.15 Bn | 1.09 Bn | 22.25% |
| 9 | Corvel | 3.48 Bn | 3.13 Bn | - | - |
| 10 | Alignment Healthcare | 2.66 Bn | 1.95 Bn | 180.96 Mn | 13.55% |
Historic Data
Download Data
Historic 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 | 10.23% |
| Sep 30, 2023 | 12.88% |
| Jun 30, 2023 | 11.19% |
| Mar 31, 2023 | 9.76% |
| Dec 31, 2022 | 9.90% |
| Sep 30, 2022 | 13.18% |
| Jun 30, 2022 | 16.16% |
| Mar 31, 2022 | 12.09% |
| Dec 31, 2021 | 12.98% |
| Sep 30, 2021 | 13.45% |