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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and Hagerty, Inc. (HGTY). Click either name above to swap in a different company.

Alliance Laundry Holdings Inc. is the larger business by last-quarter revenue ($437.6M vs $388.1M, roughly 1.1× Hagerty, Inc.). Alliance Laundry Holdings Inc. runs the higher net margin — 7.5% vs 7.4%, a 0.2% gap on every dollar of revenue. On growth, Hagerty, Inc. posted the faster year-over-year revenue change (16.5% vs 13.9%). Hagerty, Inc. produced more free cash flow last quarter ($194.5M vs $87.0M).

Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...

Hagerty, Inc. is an American automotive lifestyle and membership company, as well as the world's largest provider of specialty insurance for classic vehicles. Hagerty is based in Traverse City, Michigan and also operates in Canada, Germany and the United Kingdom.

ALH vs HGTY — Head-to-Head

Bigger by revenue
ALH
ALH
1.1× larger
ALH
$437.6M
$388.1M
HGTY
Growing faster (revenue YoY)
HGTY
HGTY
+2.6% gap
HGTY
16.5%
13.9%
ALH
Higher net margin
ALH
ALH
0.2% more per $
ALH
7.5%
7.4%
HGTY
More free cash flow
HGTY
HGTY
$107.5M more FCF
HGTY
$194.5M
$87.0M
ALH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALH
ALH
HGTY
HGTY
Revenue
$437.6M
$388.1M
Net Profit
$32.9M
$28.6M
Gross Margin
37.0%
Operating Margin
19.5%
10.2%
Net Margin
7.5%
7.4%
Revenue YoY
13.9%
16.5%
Net Profit YoY
620.3%
238.4%
EPS (diluted)
$0.19

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
ALH
ALH
HGTY
HGTY
Q4 25
$388.1M
Q3 25
$437.6M
$380.0M
Q2 25
$368.7M
Q1 25
$319.6M
Q4 24
$333.2M
Q3 24
$384.3M
$323.4M
Q2 24
$313.2M
Q1 24
$271.7M
Net Profit
ALH
ALH
HGTY
HGTY
Q4 25
$28.6M
Q3 25
$32.9M
$46.2M
Q2 25
$47.2M
Q1 25
$27.3M
Q4 24
$8.4M
Q3 24
$-6.3M
$19.0M
Q2 24
$42.7M
Q1 24
$8.2M
Gross Margin
ALH
ALH
HGTY
HGTY
Q4 25
Q3 25
37.0%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
Operating Margin
ALH
ALH
HGTY
HGTY
Q4 25
10.2%
Q3 25
19.5%
9.0%
Q2 25
12.9%
Q1 25
8.1%
Q4 24
1.8%
Q3 24
18.7%
3.1%
Q2 24
12.2%
Q1 24
4.5%
Net Margin
ALH
ALH
HGTY
HGTY
Q4 25
7.4%
Q3 25
7.5%
12.2%
Q2 25
12.8%
Q1 25
8.5%
Q4 24
2.5%
Q3 24
-1.6%
5.9%
Q2 24
13.6%
Q1 24
3.0%
EPS (diluted)
ALH
ALH
HGTY
HGTY
Q4 25
Q3 25
$0.19
Q2 25
Q1 25
Q4 24
Q3 24
$-0.04
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
ALH
ALH
HGTY
HGTY
Cash + ST InvestmentsLiquidity on hand
$136.2M
$160.2M
Total DebtLower is stronger
$177.9M
Stockholders' EquityBook value
$-136.4M
$221.3M
Total Assets
$2.9B
$2.1B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
HGTY
HGTY
Q4 25
$160.2M
Q3 25
$136.2M
$290.5M
Q2 25
$259.6M
Q1 25
$232.7M
Q4 24
$178.7M
Q3 24
$128.4M
$208.9M
Q2 24
$186.4M
Q1 24
$131.2M
Total Debt
ALH
ALH
HGTY
HGTY
Q4 25
$177.9M
Q3 25
$104.4M
Q2 25
$153.4M
Q1 25
$132.6M
Q4 24
$105.8M
Q3 24
$122.9M
Q2 24
$98.0M
Q1 24
$91.5M
Stockholders' Equity
ALH
ALH
HGTY
HGTY
Q4 25
$221.3M
Q3 25
$-136.4M
$211.7M
Q2 25
$172.3M
Q1 25
$162.9M
Q4 24
$150.3M
Q3 24
$-284.6M
$148.3M
Q2 24
$94.4M
Q1 24
$93.5M
Total Assets
ALH
ALH
HGTY
HGTY
Q4 25
$2.1B
Q3 25
$2.9B
$2.2B
Q2 25
$2.0B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$1.8B
Q2 24
$1.7B
Q1 24
$1.6B
Debt / Equity
ALH
ALH
HGTY
HGTY
Q4 25
0.80×
Q3 25
0.49×
Q2 25
0.89×
Q1 25
0.81×
Q4 24
0.70×
Q3 24
0.83×
Q2 24
1.04×
Q1 24
0.98×

Cash Flow & Capital Efficiency

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

Metric
ALH
ALH
HGTY
HGTY
Operating Cash FlowLast quarter
$116.8M
$219.0M
Free Cash FlowOCF − Capex
$87.0M
$194.5M
FCF MarginFCF / Revenue
19.9%
50.1%
Capex IntensityCapex / Revenue
6.8%
6.3%
Cash ConversionOCF / Net Profit
3.55×
7.67×
TTM Free Cash FlowTrailing 4 quarters
$365.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
HGTY
HGTY
Q4 25
$219.0M
Q3 25
$116.8M
$92.2M
Q2 25
$53.9M
Q1 25
$43.8M
Q4 24
$177.0M
Q3 24
$67.4M
Q2 24
$64.0M
Q1 24
$58.2M
Free Cash Flow
ALH
ALH
HGTY
HGTY
Q4 25
$194.5M
Q3 25
$87.0M
$85.2M
Q2 25
$47.7M
Q1 25
$38.4M
Q4 24
$155.7M
Q3 24
$62.0M
Q2 24
$56.6M
Q1 24
$53.7M
FCF Margin
ALH
ALH
HGTY
HGTY
Q4 25
50.1%
Q3 25
19.9%
22.4%
Q2 25
12.9%
Q1 25
12.0%
Q4 24
46.7%
Q3 24
19.2%
Q2 24
18.1%
Q1 24
19.8%
Capex Intensity
ALH
ALH
HGTY
HGTY
Q4 25
6.3%
Q3 25
6.8%
1.8%
Q2 25
1.7%
Q1 25
1.7%
Q4 24
6.4%
Q3 24
1.7%
Q2 24
2.4%
Q1 24
1.7%
Cash Conversion
ALH
ALH
HGTY
HGTY
Q4 25
7.67×
Q3 25
3.55×
2.00×
Q2 25
1.14×
Q1 25
1.61×
Q4 24
20.97×
Q3 24
3.55×
Q2 24
1.50×
Q1 24
7.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALH
ALH

Equipment Product Or Service$275.7M63%
Other$106.8M24%
Service Parts$33.1M8%
Equipment Financing$12.6M3%

HGTY
HGTY

Segment breakdown not available.

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