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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Alignment Healthcare, Inc. (ALHC). Click either name above to swap in a different company.

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $595.5M, roughly 1.7× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.4% vs -1.1%, a 6.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 7.6%). Allegiant Travel CO produced more free cash flow last quarter ($90.4M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 1.3%).

Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.

Alignment Healthcare, Inc. is a U.S.-based healthcare provider offering Medicare Advantage plans for seniors. It adopts a value-based care model, partnering with local providers to deliver personalized coordinated medical services, prescription drug coverage and supplemental benefits to members across multiple U.S. states.

ALGT vs ALHC — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.7× larger
ALHC
$1.0B
$595.5M
ALGT
Growing faster (revenue YoY)
ALHC
ALHC
+36.9% gap
ALHC
44.4%
7.6%
ALGT
Higher net margin
ALGT
ALGT
6.4% more per $
ALGT
5.4%
-1.1%
ALHC
More free cash flow
ALGT
ALGT
$145.8M more FCF
ALGT
$90.4M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
1.3%
ALGT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALGT
ALGT
ALHC
ALHC
Revenue
$595.5M
$1.0B
Net Profit
$31.9M
$-11.0M
Gross Margin
Operating Margin
11.2%
-1.0%
Net Margin
5.4%
-1.1%
Revenue YoY
7.6%
44.4%
Net Profit YoY
114.8%
64.6%
EPS (diluted)
$1.82
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALGT
ALGT
ALHC
ALHC
Q4 25
$595.5M
$1.0B
Q3 25
$494.1M
$993.7M
Q2 25
$617.9M
$1.0B
Q1 25
$616.8M
$926.9M
Q4 24
$553.6M
$701.2M
Q3 24
$489.0M
$692.4M
Q2 24
$594.5M
$681.3M
Q1 24
$579.9M
$628.6M
Net Profit
ALGT
ALGT
ALHC
ALHC
Q4 25
$31.9M
$-11.0M
Q3 25
$-43.6M
$3.7M
Q2 25
$-65.2M
$15.7M
Q1 25
$32.1M
$-9.1M
Q4 24
$-216.2M
$-31.1M
Q3 24
$-36.8M
$-26.4M
Q2 24
$13.7M
$-24.0M
Q1 24
$-919.0K
$-46.5M
Operating Margin
ALGT
ALGT
ALHC
ALHC
Q4 25
11.2%
-1.0%
Q3 25
-5.5%
0.8%
Q2 25
-10.9%
2.2%
Q1 25
10.5%
-0.6%
Q4 24
-47.7%
-3.2%
Q3 24
-5.4%
-2.8%
Q2 24
5.9%
-2.7%
Q1 24
2.7%
-6.5%
Net Margin
ALGT
ALGT
ALHC
ALHC
Q4 25
5.4%
-1.1%
Q3 25
-8.8%
0.4%
Q2 25
-10.5%
1.5%
Q1 25
5.2%
-1.0%
Q4 24
-39.1%
-4.4%
Q3 24
-7.5%
-3.8%
Q2 24
2.3%
-3.5%
Q1 24
-0.2%
-7.4%
EPS (diluted)
ALGT
ALGT
ALHC
ALHC
Q4 25
$1.82
$-0.04
Q3 25
$-2.41
$0.02
Q2 25
$-3.62
$0.07
Q1 25
$1.73
$-0.05
Q4 24
$-12.12
$-0.15
Q3 24
$-2.05
$-0.14
Q2 24
$0.75
$-0.13
Q1 24
$-0.07
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALGT
ALGT
ALHC
ALHC
Cash + ST InvestmentsLiquidity on hand
$805.7M
$604.2M
Total DebtLower is stronger
$1.7B
$323.2M
Stockholders' EquityBook value
$1.1B
$179.3M
Total Assets
$4.2B
$1.1B
Debt / EquityLower = less leverage
1.60×
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
ALHC
ALHC
Q4 25
$805.7M
$604.2M
Q3 25
$956.7M
$644.1M
Q2 25
$842.8M
$503.8M
Q1 25
$878.6M
$479.5M
Q4 24
$781.1M
$470.6M
Q3 24
$759.3M
$381.0M
Q2 24
$791.9M
$363.7M
Q1 24
$809.9M
$301.7M
Total Debt
ALGT
ALGT
ALHC
ALHC
Q4 25
$1.7B
$323.2M
Q3 25
$1.8B
$322.7M
Q2 25
$1.8B
$322.3M
Q1 25
$1.7B
$321.9M
Q4 24
$1.6B
$321.4M
Q3 24
$1.8B
$212.0M
Q2 24
$1.7B
$211.7M
Q1 24
$1.8B
$162.0M
Stockholders' Equity
ALGT
ALGT
ALHC
ALHC
Q4 25
$1.1B
$179.3M
Q3 25
$1.0B
$161.9M
Q2 25
$1.1B
$141.0M
Q1 25
$1.1B
$108.1M
Q4 24
$1.1B
$99.9M
Q3 24
$1.3B
$114.5M
Q2 24
$1.3B
$123.7M
Q1 24
$1.3B
$130.9M
Total Assets
ALGT
ALGT
ALHC
ALHC
Q4 25
$4.2B
$1.1B
Q3 25
$4.4B
$1.1B
Q2 25
$4.4B
$1.0B
Q1 25
$4.5B
$895.6M
Q4 24
$4.4B
$782.1M
Q3 24
$4.8B
$692.3M
Q2 24
$4.9B
$716.3M
Q1 24
$4.9B
$633.2M
Debt / Equity
ALGT
ALGT
ALHC
ALHC
Q4 25
1.60×
1.80×
Q3 25
1.76×
1.99×
Q2 25
1.68×
2.29×
Q1 25
1.57×
2.98×
Q4 24
1.48×
3.22×
Q3 24
1.36×
1.85×
Q2 24
1.30×
1.71×
Q1 24
1.35×
1.24×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGT
ALGT
ALHC
ALHC
Operating Cash FlowLast quarter
$112.2M
$-50.4M
Free Cash FlowOCF − Capex
$90.4M
$-55.4M
FCF MarginFCF / Revenue
15.2%
-5.5%
Capex IntensityCapex / Revenue
3.7%
0.5%
Cash ConversionOCF / Net Profit
3.51×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$113.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
ALHC
ALHC
Q4 25
$112.2M
$-50.4M
Q3 25
$-6.1M
$144.6M
Q2 25
$92.2M
$29.1M
Q1 25
$191.4M
$16.6M
Q4 24
$84.4M
$-8.7M
Q3 24
$17.3M
$26.2M
Q2 24
$68.9M
$23.5M
Q1 24
$167.8M
$-6.2M
Free Cash Flow
ALGT
ALGT
ALHC
ALHC
Q4 25
$90.4M
$-55.4M
Q3 25
$-121.7M
$139.1M
Q2 25
$-10.5M
$21.1M
Q1 25
$116.9M
$8.4M
Q4 24
$24.0M
$-18.0M
Q3 24
$-28.7M
$16.9M
Q2 24
$7.0M
$11.8M
Q1 24
$35.9M
$-17.4M
FCF Margin
ALGT
ALGT
ALHC
ALHC
Q4 25
15.2%
-5.5%
Q3 25
-24.6%
14.0%
Q2 25
-1.7%
2.1%
Q1 25
19.0%
0.9%
Q4 24
4.3%
-2.6%
Q3 24
-5.9%
2.4%
Q2 24
1.2%
1.7%
Q1 24
6.2%
-2.8%
Capex Intensity
ALGT
ALGT
ALHC
ALHC
Q4 25
3.7%
0.5%
Q3 25
23.4%
0.6%
Q2 25
16.6%
0.8%
Q1 25
12.1%
0.9%
Q4 24
10.9%
1.3%
Q3 24
9.4%
1.3%
Q2 24
10.4%
1.7%
Q1 24
22.7%
1.8%
Cash Conversion
ALGT
ALGT
ALHC
ALHC
Q4 25
3.51×
Q3 25
38.77×
Q2 25
1.86×
Q1 25
5.96×
Q4 24
Q3 24
Q2 24
5.03×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALGT
ALGT

Airrelatedrevenue$307.1M52%
Scheduled Service Revenue$267.1M45%
Cobrand Revenue$21.3M4%
Other$1.0K0%

ALHC
ALHC

Segment breakdown not available.

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