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| Date | Value |
|---|---|
| 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% |