Alignment Healthcare (ALHC) Net Margin (2020 - 2026)
Alignment Healthcare (ALHC) posted Net Margin of 0.92% for Q1 2026, up 185.05% on a QoQ basis from 1.09% in Q4 2025, and up 193.0% year-over-year from 0.32% in Q1 2025.
Alignment Healthcare (ALHC) Net Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare's Net Margin history runs 7 years deep, the most recent figure standing at 0.92% for Q1 2026.
- Quarterly Net Margin rose 193.0% year-over-year to 0.92% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.46% (up 349.0% YoY) and the FY2025 annual result came in at 0.02%, up 471.0% from the prior year.
- Net Margin was 0.92% for Q1 2026 at Alignment Healthcare, up from 1.09% in the prior quarter.
- Across five years, Net Margin topped out at 1.54% in Q2 2025 and bottomed at 15.71% in Q4 2022.
- A 5-year average of 5.47% and a median of 4.43% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin jumped 1133 bps — and 2023, when it plunged 300 bps.
- Alignment Healthcare's Net Margin stood at 15.71% in 2022, then jumped by 35 bps to 10.29% in 2023, then surged by 57 bps to 4.43% in 2024, then soared by 75 bps to 1.09% in 2025, then jumped by 185 bps to 0.92% in 2026.
- Business Quant data shows ALHC's Net Margin at 0.92% in Q1 2026, 1.09% in Q4 2025, and 0.38% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 384.70 Bn | 354.90 Bn | 38.23 Bn | 5.80% |
| 2 | Cvs Health | 136.05 Bn | 124.42 Bn | 22.85 Bn | 8.75% |
| 3 | Elevance Health | 82.25 Bn | 46.44 Bn | 35.79 Bn | 3.52% |
| 4 | Cigna | 75.16 Bn | 67.54 Bn | -44.29 Bn | 18.97% |
| 5 | Humana | 47.47 Bn | 25.57 Bn | 5.94 Bn | 3.03% |
| 6 | Centene | 31.35 Bn | 7.64 Bn | 43.95 Bn | 3.45% |
| 7 | Molina Healthcare | 10.44 Bn | 1.19 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 8.62 Bn | 1.83 Bn | 1.42 Bn | 14.61% |
| 9 | Alignment Healthcare | 4.13 Bn | 3.41 Bn | 144.48 Mn | 0.92% |
| 10 | Progyny | 2.48 Bn | 2.26 Bn | 83.07 Mn | 7.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.92% |
| Dec 31, 2025 | -1.09% |
| Sep 30, 2025 | 0.38% |
| Jun 30, 2025 | 1.54% |
| Mar 31, 2025 | -1.01% |
| Dec 31, 2024 | -4.43% |
| Sep 30, 2024 | -3.82% |
| Jun 30, 2024 | -3.52% |
| Mar 31, 2024 | -7.41% |
| Dec 31, 2023 | -10.29% |
| Sep 30, 2023 | -7.68% |
| Jun 30, 2023 | -6.16% |
| Mar 31, 2023 | -8.59% |
| Dec 31, 2022 | -15.71% |
| Sep 30, 2022 | -11.18% |
| Jun 30, 2022 | -3.16% |
| Mar 31, 2022 | -11.81% |
| Dec 31, 2021 | -18.84% |
| Sep 30, 2021 | -15.61% |
| Jun 30, 2021 | -14.49% |