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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Academy Sports & Outdoors, Inc. (ASO). Click either name above to swap in a different company.
Academy Sports & Outdoors, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Alignment Healthcare, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 0.9%, a 4.2% gap on every dollar of revenue. On growth, Academy Sports & Outdoors, Inc. posted the faster year-over-year revenue change (3.0% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs -12.2%).
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.
Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.
ALHC vs ASO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $11.4M | $71.6M |
| Gross Margin | — | 35.7% |
| Operating Margin | — | 7.3% |
| Net Margin | 0.9% | 5.2% |
| Revenue YoY | -74.7% | 3.0% |
| Net Profit YoY | — | 8.8% |
| EPS (diluted) | — | $1.05 |
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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $993.7M | $1.6B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $926.9M | $1.7B | ||
| Q4 24 | $701.2M | $1.3B | ||
| Q3 24 | $692.4M | $1.5B | ||
| Q2 24 | $681.3M | $1.4B |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $71.6M | ||
| Q3 25 | $3.7M | $125.4M | ||
| Q2 25 | $15.7M | $46.1M | ||
| Q1 25 | $-9.1M | $133.6M | ||
| Q4 24 | $-31.1M | $65.8M | ||
| Q3 24 | $-26.4M | $142.6M | ||
| Q2 24 | $-24.0M | $76.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.7% | ||
| Q3 25 | — | 36.0% | ||
| Q2 25 | — | 34.0% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 34.0% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | — | 33.4% |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 7.3% | ||
| Q3 25 | 0.8% | 10.8% | ||
| Q2 25 | 2.2% | 5.1% | ||
| Q1 25 | -0.6% | 9.2% | ||
| Q4 24 | -3.2% | 6.8% | ||
| Q3 24 | -2.8% | 12.3% | ||
| Q2 24 | -2.7% | 7.5% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 5.2% | ||
| Q3 25 | 0.4% | 7.8% | ||
| Q2 25 | 1.5% | 3.4% | ||
| Q1 25 | -1.0% | 8.0% | ||
| Q4 24 | -4.4% | 4.9% | ||
| Q3 24 | -3.8% | 9.2% | ||
| Q2 24 | -3.5% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $1.05 | ||
| Q3 25 | $0.02 | $1.85 | ||
| Q2 25 | $0.07 | $0.68 | ||
| Q1 25 | $-0.05 | $1.85 | ||
| Q4 24 | $-0.15 | $0.92 | ||
| Q3 24 | $-0.14 | $1.95 | ||
| Q2 24 | $-0.13 | $1.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $705.6M | $289.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.9M | $2.1B |
| Total Assets | $1.3B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $289.5M | ||
| Q3 25 | $644.1M | $300.9M | ||
| Q2 25 | $503.8M | $285.1M | ||
| Q1 25 | $479.5M | $288.9M | ||
| Q4 24 | $470.6M | $296.0M | ||
| Q3 24 | $381.0M | $324.6M | ||
| Q2 24 | $363.7M | $378.1M |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $2.1B | ||
| Q3 25 | $161.9M | $2.1B | ||
| Q2 25 | $141.0M | $1.9B | ||
| Q1 25 | $108.1M | $2.0B | ||
| Q4 24 | $99.9M | $2.0B | ||
| Q3 24 | $114.5M | $2.0B | ||
| Q2 24 | $123.7M | $1.9B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $5.4B | ||
| Q3 25 | $1.1B | $5.3B | ||
| Q2 25 | $1.0B | $5.2B | ||
| Q1 25 | $895.6M | $4.9B | ||
| Q4 24 | $782.1M | $5.1B | ||
| Q3 24 | $692.3M | $4.9B | ||
| Q2 24 | $716.3M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.7M | $49.0M |
| Free Cash FlowOCF − Capex | — | $-13.6M |
| FCF MarginFCF / Revenue | — | -1.0% |
| Capex IntensityCapex / Revenue | — | 4.5% |
| Cash ConversionOCF / Net Profit | 11.27× | 0.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $191.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $49.0M | ||
| Q3 25 | $144.6M | $78.6M | ||
| Q2 25 | $29.1M | $157.5M | ||
| Q1 25 | $16.6M | $140.2M | ||
| Q4 24 | $-8.7M | $96.9M | ||
| Q3 24 | $26.2M | $91.3M | ||
| Q2 24 | $23.5M | $199.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $-13.6M | ||
| Q3 25 | $139.1M | $21.8M | ||
| Q2 25 | $21.1M | $106.6M | ||
| Q1 25 | $8.4M | $76.4M | ||
| Q4 24 | $-18.0M | $34.4M | ||
| Q3 24 | $16.9M | $50.1M | ||
| Q2 24 | $11.8M | $167.4M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -1.0% | ||
| Q3 25 | 14.0% | 1.4% | ||
| Q2 25 | 2.1% | 7.9% | ||
| Q1 25 | 0.9% | 4.6% | ||
| Q4 24 | -2.6% | 2.6% | ||
| Q3 24 | 2.4% | 3.2% | ||
| Q2 24 | 1.7% | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 4.5% | ||
| Q3 25 | 0.6% | 3.5% | ||
| Q2 25 | 0.8% | 3.8% | ||
| Q1 25 | 0.9% | 3.8% | ||
| Q4 24 | 1.3% | 4.6% | ||
| Q3 24 | 1.3% | 2.7% | ||
| Q2 24 | 1.7% | 2.4% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 38.77× | 0.63× | ||
| Q2 25 | 1.86× | 3.42× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | — | 1.47× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 2.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
