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% YoY from 1.24% in Q2 2025, and up 196.17% on a QoQ basis from 0.92% in Q1 2026.
Alignment Healthcare (ALHC) Net Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare (ALHC) has 7 years of Net Margin data on file, last reported at 2.74% in Q2 2026.
- Quarterly Net Margin rose 120.0% year-over-year to 2.74% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.89% (up 242.0% YoY) and the FY2025 annual result came in at 0.02%, up 471.0% from the prior year.
- Net Margin grew to 2.74% in Q2 2026, from 0.92% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 2.74% in Q2 2026 to a low of 15.75% in Q4 2022.
- A 5-year average of 5.01% and a median of 4.12% in 2024 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 1133 bps in 2022, down 1346 bps in 2022.
- Tracing ALHC's Net Margin over 5 years: stood at 15.75% in 2022, then soared by 36 bps to 10.15% in 2023, then jumped by 56 bps to 4.43% in 2024, then jumped by 75 bps to 1.09% in 2025, then soared by 352 bps to 2.74% in 2026.
- The last three Net Margin figures came in at 2.74% (Q2 2026), 0.92% (Q1 2026), and 1.09% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 346.93 Bn | 315.46 Bn | 36.67 Bn | 5.06% |
| 2 | Cvs Health | 119.91 Bn | 105.95 Bn | 47.23 Bn | 2.82% |
| 3 | Elevance Health | 86.25 Bn | 50.30 Bn | 13.45 Bn | 2.88% |
| 4 | Humana | 45.69 Bn | 21.82 Bn | 5.50 Bn | 1.75% |
| 5 | Centene | 31.66 Bn | 4.60 Bn | 14.55 Bn | 2.03% |
| 6 | Molina Healthcare | 10.12 Bn | 1.21 Bn | 1.43 Bn | 0.55% |
| 7 | Oscar Health | 9.48 Bn | 922.10 Mn | 1.09 Bn | 7.41% |
| 8 | Alignment Healthcare | 2.69 Bn | 1.99 Bn | 180.96 Mn | 2.74% |
| 9 | Clover Health Investments | 2.16 Bn | 1.92 Bn | 153.00 Mn | 3.77% |
| 10 | Progyny | 2.03 Bn | 1.79 Bn | 89.30 Mn | 8.00% |
Historic Data
Download 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 | -10.29% |
| 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% |