Alignment Healthcare (ALHC) Net Margin (2020 - 2026)
Alignment Healthcare's (ALHC) quarterly Net Margin came in at 2.74% in Q2 2026, up 120.0% on a YoY basis from 1.24% in Q2 2025, and up 196.17% quarter-over-quarter from 0.92% in Q1 2026.
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Alignment Healthcare (ALHC) Net Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare (ALHC) has reported Net Margin for 7 consecutive years, with 2.74% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 120.0% year-over-year to 2.74%; the trailing twelve-month figure through Jun 2026 stood at 0.89% (up 242.0% YoY), and the FY2025 full-year result was 0.02%, up 471.0% from the prior year.
- Net Margin improved to 2.74% in Q2 2026 per ALHC's latest filing, from 0.92% in the prior quarter.
- Across five years, Net Margin topped out at 2.74% in Q2 2026 and bottomed at 15.75% in Q4 2022.
- Historically, Net Margin has averaged 5.01% across 5 years, with a median of 4.12% in 2024.
- The widest YoY moves for Net Margin: up 1133 bps in 2022, down 1346 bps in 2022.
- Over 5 years, Net Margin stood at 15.75% in 2022, then surged by 36 bps to 10.15% in 2023, then soared by 56 bps to 4.43% in 2024, then soared by 75 bps to 1.09% in 2025, then surged by 352 bps to 2.74% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 2.74%, 0.92%, and 1.09% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 349.71 Bn | 318.24 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 121.89 Bn | 107.93 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 90.41 Bn | 54.46 Bn | 13.45 Bn | 2.88% |
| 4 | Cigna | 73.73 Bn | 66.47 Bn | 14.97 Bn | 2.62% |
| 5 | Humana | 48.06 Bn | 24.19 Bn | 5.50 Bn | 1.75% |
| 6 | Centene | 32.28 Bn | 5.22 Bn | 14.55 Bn | 2.03% |
| 7 | Molina Healthcare | 10.24 Bn | 1.32 Bn | 1.43 Bn | 0.55% |
| 8 | Oscar Health | 9.83 Bn | 1.28 Bn | 1.09 Bn | 7.41% |
| 9 | Corvel | 3.47 Bn | 3.12 Bn | - | - |
| 10 | Alignment Healthcare | 2.65 Bn | 1.95 Bn | 180.96 Mn | 2.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.74% |
| 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 | -10.15% |
| Sep 30, 2023 | -7.68% |
| Jun 30, 2023 | -6.16% |
| Mar 31, 2023 | -8.51% |
| Dec 31, 2022 | -15.75% |
| Sep 30, 2022 | -11.17% |
| Jun 30, 2022 | -3.16% |
| Mar 31, 2022 | -11.81% |
| Dec 31, 2021 | -2.29% |
| Sep 30, 2021 | -15.61% |