Alignment Healthcare (ALHC) Operating Margin (2020 - 2026)
Alignment Healthcare (ALHC) reported Operating Margin of 1.26% for Q1 2026, up 185.0% on a YoY basis from 0.44% in Q1 2025, and up 227.92% quarter-over-quarter from 0.99% in Q4 2025.
Alignment Healthcare (ALHC) Operating Margin (2020 - 2026) Analysis & Trends
Alignment Healthcare has reported Operating Margin for 7 years, with the latest figure at 1.26% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 185.0% year-over-year to 1.26%; the trailing twelve-month figure through Mar 2026 stood at 0.84% (up 304.0% YoY), and the FY2025 full-year result was 0.37%, up 413.0% from the prior year.
- Operating Margin for Q1 2026 stood at 1.26%, up from 0.99% in the prior quarter.
- The five-year high for Operating Margin was 2.26% in Q2 2025, with the low at 14.51% in Q4 2022.
- Historically, Operating Margin has averaged 4.51% across 5 years, with a median of 3.22% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 1129 bps — and 2023, when it slumped 336 bps.
- Alignment Healthcare's Operating Margin stood at 14.51% in 2022, then surged by 40 bps to 8.7% in 2023, then soared by 63 bps to 3.22% in 2024, then soared by 69 bps to 0.99% in 2025, then jumped by 228 bps to 1.26% in 2026.
- The last three Operating Margin figures came in at 1.26% (Q1 2026), 0.99% (Q4 2025), and 0.77% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 363.95 Bn | 334.15 Bn | 98.90 Bn | 8.05% |
| 2 | Cvs Health | 124.98 Bn | 113.36 Bn | 4.43 Bn | 13.85% |
| 3 | Elevance Health | 85.46 Bn | 50.04 Bn | 13.88 Bn | 1.55% |
| 4 | Cigna | 73.39 Bn | 65.77 Bn | -44.29 Bn | 2.06% |
| 5 | Humana | 43.40 Bn | 21.50 Bn | 4.00 Bn | 4.65% |
| 6 | Centene | 30.02 Bn | 6.36 Bn | 49.24 Bn | 3.73% |
| 7 | Molina Healthcare | 9.92 Bn | 668.90 Mn | 1.53 Bn | 0.77% |
| 8 | Oscar Health | 8.44 Bn | 1.64 Bn | -3.22 Bn | 1,060.06% |
| 9 | Alignment Healthcare | 4.50 Bn | 3.77 Bn | 135.85 Mn | 1.26% |
| 10 | Clover Health Investments | 2.61 Bn | 2.41 Bn | 154.54 Mn | 3.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.26% |
| Dec 31, 2025 | -0.99% |
| Sep 30, 2025 | 0.77% |
| Jun 30, 2025 | 2.26% |
| Mar 31, 2025 | -0.59% |
| Dec 31, 2024 | -3.22% |
| Sep 30, 2024 | -2.82% |
| Jun 30, 2024 | -2.73% |
| Mar 31, 2024 | -6.61% |
| Dec 31, 2023 | -8.70% |
| Sep 30, 2023 | -6.61% |
| Jun 30, 2023 | -5.18% |
| Mar 31, 2023 | -7.40% |
| Dec 31, 2022 | -14.51% |
| Sep 30, 2022 | -9.28% |
| Jun 30, 2022 | -1.82% |
| Mar 31, 2022 | -10.56% |
| Dec 31, 2021 | -14.58% |
| Sep 30, 2021 | -14.12% |
| Jun 30, 2021 | -13.11% |