Alignment Healthcare (ALHC) Gross Margin (2020 - 2026)
Alignment Healthcare's Gross Margin came in at 13.55% for Q2 2026, up 0.39 percentage points from 13.15% a year earlier and up 1.85 percentage points from the prior quarter.
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Analysis
Alignment Healthcare (ALHC) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Alignment Healthcare reported Gross Margin of 12.55%, up 0.41 percentage points year-over-year; for FY2025, it was 12.37%, up 1.40 percentage points from FY2024.
- Gross Margin carries a five-year change of -4.96 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 10.97% in FY2024 (-0.05 pp), 11.02% in FY2023 (-1.83 pp), 12.85% in FY2022 (+1.83 pp) and 11.02% in FY2021 (-6.31 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q2 2022.
- Year-over-year, Gross Margin increased in six of the last eight quarters, with an average year-over-year change of +0.87 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2022 (a gain of 6.10 percentage points), and the weakest in Q3 2021 (a drop of 9.86 percentage points).
- Business Quant data shows ALHC's Gross Margin at 11.70% (Q1 2026), 12.18% (Q4 2025) and 12.65% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 332.42 Bn | 217.05 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 109.55 Bn | 62.16 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 99.61 Bn | 86.08 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 84.30 Bn | -57.44 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 71.83 Bn | 41.37 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 57.33 Bn | 46.42 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 51.76 Bn | 35.76 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 45.82 Bn | -41.98 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 30.70 Bn | -59.59 Bn | 14.55 Bn | 27.16% |
| 10 | Alignment Healthcare | 1.69 Bn | -985.74 Mn | 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% |
API Access
Alignment Healthcare Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=ALHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "ALHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=ALHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();