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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and Harmony Biosciences Holdings, Inc. (HRMY). 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 $243.8M, roughly 1.8× Harmony Biosciences Holdings, Inc.). Harmony Biosciences Holdings, Inc. runs the higher net margin — 9.2% vs 7.5%, a 1.7% gap on every dollar of revenue. On growth, Harmony Biosciences Holdings, Inc. posted the faster year-over-year revenue change (21.1% vs 13.9%). Harmony Biosciences Holdings, Inc. produced more free cash flow last quarter ($126.0M 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...

Harmony Biosciences Holdings, Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for rare neurological and central nervous system disorders. Its primary market is the United States, with its core product serving patients living with narcolepsy and other sleep-related CNS conditions across adult and pediatric segments.

ALH vs HRMY — Head-to-Head

Bigger by revenue
ALH
ALH
1.8× larger
ALH
$437.6M
$243.8M
HRMY
Growing faster (revenue YoY)
HRMY
HRMY
+7.2% gap
HRMY
21.1%
13.9%
ALH
Higher net margin
HRMY
HRMY
1.7% more per $
HRMY
9.2%
7.5%
ALH
More free cash flow
HRMY
HRMY
$39.0M more FCF
HRMY
$126.0M
$87.0M
ALH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALH
ALH
HRMY
HRMY
Revenue
$437.6M
$243.8M
Net Profit
$32.9M
$22.5M
Gross Margin
37.0%
71.9%
Operating Margin
19.5%
15.8%
Net Margin
7.5%
9.2%
Revenue YoY
13.9%
21.1%
Net Profit YoY
620.3%
-54.6%
EPS (diluted)
$0.19
$0.38

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
HRMY
HRMY
Q4 25
$243.8M
Q3 25
$437.6M
$239.5M
Q2 25
$200.5M
Q1 25
$184.7M
Q4 24
$201.3M
Q3 24
$384.3M
$186.0M
Q2 24
$172.8M
Q1 24
$154.6M
Net Profit
ALH
ALH
HRMY
HRMY
Q4 25
$22.5M
Q3 25
$32.9M
$50.9M
Q2 25
$39.8M
Q1 25
$45.6M
Q4 24
$49.5M
Q3 24
$-6.3M
$46.1M
Q2 24
$11.6M
Q1 24
$38.3M
Gross Margin
ALH
ALH
HRMY
HRMY
Q4 25
71.9%
Q3 25
37.0%
75.1%
Q2 25
81.0%
Q1 25
82.7%
Q4 24
73.0%
Q3 24
37.2%
77.0%
Q2 24
81.4%
Q1 24
82.2%
Operating Margin
ALH
ALH
HRMY
HRMY
Q4 25
15.8%
Q3 25
19.5%
27.3%
Q2 25
24.0%
Q1 25
30.4%
Q4 24
27.7%
Q3 24
18.7%
33.2%
Q2 24
12.4%
Q1 24
33.7%
Net Margin
ALH
ALH
HRMY
HRMY
Q4 25
9.2%
Q3 25
7.5%
21.2%
Q2 25
19.8%
Q1 25
24.7%
Q4 24
24.6%
Q3 24
-1.6%
24.8%
Q2 24
6.7%
Q1 24
24.8%
EPS (diluted)
ALH
ALH
HRMY
HRMY
Q4 25
$0.38
Q3 25
$0.19
$0.87
Q2 25
$0.68
Q1 25
$0.78
Q4 24
$0.85
Q3 24
$-0.04
$0.79
Q2 24
$0.20
Q1 24
$0.67

Balance Sheet & Financial Strength

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

Metric
ALH
ALH
HRMY
HRMY
Cash + ST InvestmentsLiquidity on hand
$136.2M
$775.3M
Total DebtLower is stronger
$163.7M
Stockholders' EquityBook value
$-136.4M
$870.2M
Total Assets
$2.9B
$1.3B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
HRMY
HRMY
Q4 25
$775.3M
Q3 25
$136.2M
$672.6M
Q2 25
$565.3M
Q1 25
$507.0M
Q4 24
$467.2M
Q3 24
$128.4M
$410.5M
Q2 24
$346.9M
Q1 24
$372.4M
Total Debt
ALH
ALH
HRMY
HRMY
Q4 25
$163.7M
Q3 25
$168.5M
Q2 25
$172.1M
Q1 25
$175.7M
Q4 24
$179.3M
Q3 24
$182.8M
Q2 24
$186.4M
Q1 24
$190.0M
Stockholders' Equity
ALH
ALH
HRMY
HRMY
Q4 25
$870.2M
Q3 25
$-136.4M
$835.1M
Q2 25
$773.1M
Q1 25
$720.5M
Q4 24
$659.2M
Q3 24
$-284.6M
$596.8M
Q2 24
$538.6M
Q1 24
$515.4M
Total Assets
ALH
ALH
HRMY
HRMY
Q4 25
$1.3B
Q3 25
$2.9B
$1.2B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$999.2M
Q3 24
$928.1M
Q2 24
$858.4M
Q1 24
$847.0M
Debt / Equity
ALH
ALH
HRMY
HRMY
Q4 25
0.19×
Q3 25
0.20×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.27×
Q3 24
0.31×
Q2 24
0.35×
Q1 24
0.37×

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
HRMY
HRMY
Operating Cash FlowLast quarter
$116.8M
$126.2M
Free Cash FlowOCF − Capex
$87.0M
$126.0M
FCF MarginFCF / Revenue
19.9%
51.7%
Capex IntensityCapex / Revenue
6.8%
0.0%
Cash ConversionOCF / Net Profit
3.55×
5.61×
TTM Free Cash FlowTrailing 4 quarters
$347.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
HRMY
HRMY
Q4 25
$126.2M
Q3 25
$116.8M
$108.7M
Q2 25
$79.3M
Q1 25
$34.0M
Q4 24
$75.6M
Q3 24
$70.5M
Q2 24
$42.6M
Q1 24
$31.1M
Free Cash Flow
ALH
ALH
HRMY
HRMY
Q4 25
$126.0M
Q3 25
$87.0M
$108.7M
Q2 25
$79.3M
Q1 25
$33.9M
Q4 24
$75.0M
Q3 24
$70.5M
Q2 24
$42.0M
Q1 24
$31.1M
FCF Margin
ALH
ALH
HRMY
HRMY
Q4 25
51.7%
Q3 25
19.9%
45.4%
Q2 25
39.6%
Q1 25
18.3%
Q4 24
37.3%
Q3 24
37.9%
Q2 24
24.3%
Q1 24
20.1%
Capex Intensity
ALH
ALH
HRMY
HRMY
Q4 25
0.0%
Q3 25
6.8%
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.0%
Cash Conversion
ALH
ALH
HRMY
HRMY
Q4 25
5.61×
Q3 25
3.55×
2.14×
Q2 25
1.99×
Q1 25
0.75×
Q4 24
1.53×
Q3 24
1.53×
Q2 24
3.68×
Q1 24
0.81×

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%

HRMY
HRMY

Segment breakdown not available.

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