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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and AvalonBay Communities (AVB). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $767.9M, roughly 1.6× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 0.9%, a 9039.7% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 3.8%).
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.
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
ALHC vs AVB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $767.9M |
| Net Profit | $11.4M | $166.0M |
| Gross Margin | — | — |
| Operating Margin | — | 64.2% |
| Net Margin | 0.9% | 9040.6% |
| Revenue YoY | -74.7% | 3.7% |
| Net Profit YoY | — | -41.2% |
| EPS (diluted) | — | $1.18 |
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 | $767.9M | ||
| Q3 25 | $993.7M | $766.8M | ||
| Q2 25 | $1.0B | $760.2M | ||
| Q1 25 | $926.9M | $745.9M | ||
| Q4 24 | $701.2M | $740.5M | ||
| Q3 24 | $692.4M | $734.3M | ||
| Q2 24 | $681.3M | $726.0M |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $166.0M | ||
| Q3 25 | $3.7M | $381.3M | ||
| Q2 25 | $15.7M | $268.7M | ||
| Q1 25 | $-9.1M | $236.6M | ||
| Q4 24 | $-31.1M | $282.1M | ||
| Q3 24 | $-26.4M | $372.5M | ||
| Q2 24 | $-24.0M | $253.9M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 64.2% | ||
| Q3 25 | 0.8% | 65.7% | ||
| Q2 25 | 2.2% | 67.6% | ||
| Q1 25 | -0.6% | 68.5% | ||
| Q4 24 | -3.2% | 63.1% | ||
| Q3 24 | -2.8% | 65.4% | ||
| Q2 24 | -2.7% | 66.6% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 9040.6% | ||
| Q3 25 | 0.4% | 49.7% | ||
| Q2 25 | 1.5% | 35.3% | ||
| Q1 25 | -1.0% | 31.7% | ||
| Q4 24 | -4.4% | 38.1% | ||
| Q3 24 | -3.8% | 50.7% | ||
| Q2 24 | -3.5% | 35.0% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $1.18 | ||
| Q3 25 | $0.02 | $2.68 | ||
| Q2 25 | $0.07 | $1.88 | ||
| Q1 25 | $-0.05 | $1.66 | ||
| Q4 24 | $-0.15 | $1.99 | ||
| Q3 24 | $-0.14 | $2.61 | ||
| Q2 24 | $-0.13 | $1.78 |
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 | $187.2M |
| Total DebtLower is stronger | — | $9.3B |
| Stockholders' EquityBook value | $206.9M | $11.6B |
| Total Assets | $1.3B | $22.2B |
| Debt / EquityLower = less leverage | — | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $187.2M | ||
| Q3 25 | $644.1M | $123.3M | ||
| Q2 25 | $503.8M | $102.8M | ||
| Q1 25 | $479.5M | $53.3M | ||
| Q4 24 | $470.6M | $108.6M | ||
| Q3 24 | $381.0M | $552.4M | ||
| Q2 24 | $363.7M | $545.8M |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $9.3B | ||
| Q3 25 | $322.7M | $8.7B | ||
| Q2 25 | $322.3M | $8.7B | ||
| Q1 25 | $321.9M | $8.3B | ||
| Q4 24 | $321.4M | $8.1B | ||
| Q3 24 | $212.0M | $8.4B | ||
| Q2 24 | $211.7M | $8.4B |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $11.6B | ||
| Q3 25 | $161.9M | $11.9B | ||
| Q2 25 | $141.0M | $11.9B | ||
| Q1 25 | $108.1M | $11.9B | ||
| Q4 24 | $99.9M | $11.9B | ||
| Q3 24 | $114.5M | $11.9B | ||
| Q2 24 | $123.7M | $11.7B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $22.2B | ||
| Q3 25 | $1.1B | $21.9B | ||
| Q2 25 | $1.0B | $21.8B | ||
| Q1 25 | $895.6M | $21.2B | ||
| Q4 24 | $782.1M | $21.0B | ||
| Q3 24 | $692.3M | $21.3B | ||
| Q2 24 | $716.3M | $21.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.80× | ||
| Q3 25 | 1.99× | 0.73× | ||
| Q2 25 | 2.29× | 0.72× | ||
| Q1 25 | 2.98× | 0.70× | ||
| Q4 24 | 3.22× | 0.68× | ||
| Q3 24 | 1.85× | 0.70× | ||
| Q2 24 | 1.71× | 0.71× |
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 | $1.7B |
| Free Cash FlowOCF − Capex | — | $1.4B |
| FCF MarginFCF / Revenue | — | 183.5% |
| Capex IntensityCapex / Revenue | — | 34.1% |
| Cash ConversionOCF / Net Profit | 11.27× | 10.07× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $1.7B | ||
| Q3 25 | $144.6M | $477.0M | ||
| Q2 25 | $29.1M | $377.8M | ||
| Q1 25 | $16.6M | $415.9M | ||
| Q4 24 | $-8.7M | $1.6B | ||
| Q3 24 | $26.2M | $486.2M | ||
| Q2 24 | $23.5M | $380.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $1.4B | ||
| Q3 25 | $139.1M | $402.2M | ||
| Q2 25 | $21.1M | $317.1M | ||
| Q1 25 | $8.4M | $367.5M | ||
| Q4 24 | $-18.0M | $1.4B | ||
| Q3 24 | $16.9M | $434.2M | ||
| Q2 24 | $11.8M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 183.5% | ||
| Q3 25 | 14.0% | 52.5% | ||
| Q2 25 | 2.1% | 41.7% | ||
| Q1 25 | 0.9% | 49.3% | ||
| Q4 24 | -2.6% | 191.0% | ||
| Q3 24 | 2.4% | 59.1% | ||
| Q2 24 | 1.7% | 45.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 34.1% | ||
| Q3 25 | 0.6% | 9.8% | ||
| Q2 25 | 0.8% | 8.0% | ||
| Q1 25 | 0.9% | 6.5% | ||
| Q4 24 | 1.3% | 26.1% | ||
| Q3 24 | 1.3% | 7.1% | ||
| Q2 24 | 1.7% | 6.5% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 10.07× | ||
| Q3 25 | 38.77× | 1.25× | ||
| Q2 25 | 1.86× | 1.41× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 5.70× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
