Alignment Healthcare ALHC
NASDAQ ALHC
$12.81 -0.22 (-1.73%)
As of: Sep 10, 2026 · 2:12 PM EDT

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

Historic Data

Download Data
DateValue
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%