Alignment Healthcare (ALHC) Invested Capital (2020 - 2026)
Alignment Healthcare (ALHC) recorded Invested Capital of $589.19 million in Q2 2026, up 27.2% from $463.26 million a year earlier and up 11.1% from the prior quarter.
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Analysis
Alignment Healthcare (ALHC) Invested Capital (2020 - 2026) Analysis & Trends
For FY2025, Alignment Healthcare reported Invested Capital of $502.45 million, up 19.0% from FY2024.
- Annual Invested Capital has a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $422.38 million in FY2024 (+32.0%), $319.88 million in FY2023 (-20.1%), $400.2 million in FY2022 (-12.4%) and $456.68 million in FY2021 (+161.3%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q4 2020.
- On a year-over-year basis, Invested Capital has increased for seven consecutive quarters, with growth averaging 28.3% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 161.3% in Q4 2021, against a decline of 23.6% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $530.5 million (Q1 2026), $502.45 million (Q4 2025) and $484.61 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 177.84 Bn |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 141.31 Bn |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 5.49 Bn |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 76.07 Bn |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 74.79 Bn |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 14.96 Bn |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 6.00 Bn |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 33.88 Bn |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 38.74 Bn |
| 10 | Alignment Healthcare | 1.64 Bn | -1.03 Bn | 180.96 Mn | 589.19 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 589.19 Mn |
| Mar 31, 2026 | 530.50 Mn |
| Dec 31, 2025 | 502.45 Mn |
| Sep 30, 2025 | 484.61 Mn |
| Jun 30, 2025 | 463.26 Mn |
| Mar 31, 2025 | 430.85 Mn |
| Dec 31, 2024 | 422.38 Mn |
| Sep 30, 2024 | 327.63 Mn |
| Jun 30, 2024 | 336.54 Mn |
| Mar 31, 2024 | 294.05 Mn |
| Dec 31, 2023 | 319.88 Mn |
| Sep 30, 2023 | 351.20 Mn |
| Jun 30, 2023 | 372.49 Mn |
| Mar 31, 2023 | 385.06 Mn |
| Dec 31, 2022 | 400.20 Mn |
| Sep 30, 2022 | 432.82 Mn |
| Jun 30, 2022 | 447.64 Mn |
| Mar 31, 2022 | 445.54 Mn |
| Dec 31, 2021 | 456.68 Mn |
| Sep 30, 2021 | 474.04 Mn |
API Access
Alignment Healthcare Invested Capital 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=invested-capital&ticker=ALHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=ALHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();