Alignment Healthcare (ALHC) Net Margin (2020 - 2026)

Alignment Healthcare (ALHC) reported Net Margin of 0.93% for Q1 2026, up 195.0% on a YoY basis from 0.32% in Q1 2025, and up 188.02% quarter-over-quarter from 1.06% in Q4 2025.

Alignment Healthcare (ALHC) Net Margin (2020 - 2026) Analysis & Trends

Alignment Healthcare has reported Net Margin for 7 years, with the latest figure at 0.93% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 195.0% year-over-year to 0.93%; the trailing twelve-month figure through Mar 2026 stood at 0.46% (up 351.0% YoY), and the FY2025 full-year result was 0.02%, up 471.0% from the prior year.
  • Net Margin for Q1 2026 stood at 0.93%, up from 1.06% in the prior quarter.
  • The five-year high for Net Margin was 1.56% in Q2 2025, with the low at 15.87% in Q4 2022.
  • Historically, Net Margin has averaged 5.46% across 5 years, with a median of 4.43% in 2024.
  • Annual changes were most pronounced in 2022 — Net Margin jumped 1133 bps — and 2023, when it tumbled 307 bps.
  • Alignment Healthcare's Net Margin stood at 15.87% in 2022, then surged by 38 bps to 9.8% in 2023, then jumped by 55 bps to 4.43% in 2024, then surged by 76 bps to 1.06% in 2025, then jumped by 188 bps to 0.93% in 2026.
  • The last three Net Margin figures came in at 0.93% (Q1 2026), 1.06% (Q4 2025), and 0.38% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Unitedhealth 363.95 Bn 334.15 Bn 98.90 Bn 5.80%
2 Cvs Health 124.98 Bn 113.36 Bn 4.43 Bn 8.75%
3 Elevance Health 85.46 Bn 50.04 Bn 13.88 Bn 3.56%
4 Cigna 73.39 Bn 65.77 Bn -44.29 Bn 18.97%
5 Humana 43.40 Bn 21.50 Bn 4.00 Bn 3.01%
6 Centene 30.02 Bn 6.36 Bn 49.24 Bn 3.08%
7 Molina Healthcare 9.92 Bn 668.90 Mn 1.53 Bn 0.13%
8 Oscar Health 8.44 Bn 1.64 Bn -3.22 Bn 11,875.18%
9 Alignment Healthcare 4.50 Bn 3.77 Bn 135.85 Mn 0.93%
10 Clover Health Investments 2.61 Bn 2.41 Bn 154.54 Mn 3.67%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.93%
Dec 31, 2025 -1.06%
Sep 30, 2025 0.38%
Jun 30, 2025 1.56%
Mar 31, 2025 -1.02%
Dec 31, 2024 -4.43%
Sep 30, 2024 -3.82%
Jun 30, 2024 -3.56%
Mar 31, 2024 -7.49%
Dec 31, 2023 -9.80%
Sep 30, 2023 -7.79%
Jun 30, 2023 -6.24%
Mar 31, 2023 -8.51%
Dec 31, 2022 -15.87%
Sep 30, 2022 -11.18%
Jun 30, 2022 -3.16%
Mar 31, 2022 -11.82%
Dec 31, 2021 -16.05%
Sep 30, 2021 -15.61%
Jun 30, 2021 -14.49%