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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and AMERICAN AXLE & MANUFACTURING HOLDINGS INC (AXL). Click either name above to swap in a different company.

AMERICAN AXLE & MANUFACTURING HOLDINGS INC is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Alignment Healthcare, Inc.). Alignment Healthcare, Inc. runs the higher net margin — -1.1% vs -5.4%, a 4.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 0.2%). AMERICAN AXLE & MANUFACTURING HOLDINGS INC produced more free cash flow last quarter ($54.7M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs -7.2%).

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.

American Axle & Manufacturing, Inc. (AAM), headquartered in Detroit, Michigan, is an American manufacturer of automobile driveline and drivetrain components and systems.

ALHC vs AXL — Head-to-Head

Bigger by revenue
AXL
AXL
1.4× larger
AXL
$1.4B
$1.0B
ALHC
Growing faster (revenue YoY)
ALHC
ALHC
+44.2% gap
ALHC
44.4%
0.2%
AXL
Higher net margin
ALHC
ALHC
4.4% more per $
ALHC
-1.1%
-5.4%
AXL
More free cash flow
AXL
AXL
$110.1M more FCF
AXL
$54.7M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
-7.2%
AXL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALHC
ALHC
AXL
AXL
Revenue
$1.0B
$1.4B
Net Profit
$-11.0M
$-75.3M
Gross Margin
10.2%
Operating Margin
-1.0%
-2.4%
Net Margin
-1.1%
-5.4%
Revenue YoY
44.4%
0.2%
Net Profit YoY
64.6%
-449.6%
EPS (diluted)
$-0.04
$-0.62

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
ALHC
ALHC
AXL
AXL
Q4 25
$1.0B
$1.4B
Q3 25
$993.7M
$1.5B
Q2 25
$1.0B
$1.5B
Q1 25
$926.9M
$1.4B
Q4 24
$701.2M
$1.4B
Q3 24
$692.4M
$1.5B
Q2 24
$681.3M
$1.6B
Q1 24
$628.6M
$1.6B
Net Profit
ALHC
ALHC
AXL
AXL
Q4 25
$-11.0M
$-75.3M
Q3 25
$3.7M
$9.2M
Q2 25
$15.7M
$39.3M
Q1 25
$-9.1M
$7.1M
Q4 24
$-31.1M
$-13.7M
Q3 24
$-26.4M
$10.0M
Q2 24
$-24.0M
$18.2M
Q1 24
$-46.5M
$20.5M
Gross Margin
ALHC
ALHC
AXL
AXL
Q4 25
10.2%
Q3 25
12.6%
Q2 25
13.1%
Q1 25
12.3%
Q4 24
11.2%
Q3 24
11.4%
Q2 24
13.3%
Q1 24
12.4%
Operating Margin
ALHC
ALHC
AXL
AXL
Q4 25
-1.0%
-2.4%
Q3 25
0.8%
3.2%
Q2 25
2.2%
3.6%
Q1 25
-0.6%
3.0%
Q4 24
-3.2%
2.6%
Q3 24
-2.8%
2.8%
Q2 24
-2.7%
5.3%
Q1 24
-6.5%
4.8%
Net Margin
ALHC
ALHC
AXL
AXL
Q4 25
-1.1%
-5.4%
Q3 25
0.4%
0.6%
Q2 25
1.5%
2.6%
Q1 25
-1.0%
0.5%
Q4 24
-4.4%
-1.0%
Q3 24
-3.8%
0.7%
Q2 24
-3.5%
1.1%
Q1 24
-7.4%
1.3%
EPS (diluted)
ALHC
ALHC
AXL
AXL
Q4 25
$-0.04
$-0.62
Q3 25
$0.02
$0.07
Q2 25
$0.07
$0.32
Q1 25
$-0.05
$0.06
Q4 24
$-0.15
$-0.11
Q3 24
$-0.14
$0.08
Q2 24
$-0.13
$0.15
Q1 24
$-0.25
$0.17

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
AXL
AXL
Cash + ST InvestmentsLiquidity on hand
$604.2M
$708.9M
Total DebtLower is stronger
$323.2M
$4.0B
Stockholders' EquityBook value
$179.3M
$640.0M
Total Assets
$1.1B
$6.7B
Debt / EquityLower = less leverage
1.80×
6.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
AXL
AXL
Q4 25
$604.2M
$708.9M
Q3 25
$644.1M
$714.1M
Q2 25
$503.8M
$586.5M
Q1 25
$479.5M
$549.2M
Q4 24
$470.6M
$552.9M
Q3 24
$381.0M
$542.5M
Q2 24
$363.7M
$519.9M
Q1 24
$301.7M
$469.8M
Total Debt
ALHC
ALHC
AXL
AXL
Q4 25
$323.2M
$4.0B
Q3 25
$322.7M
$2.6B
Q2 25
$322.3M
$2.6B
Q1 25
$321.9M
$2.6B
Q4 24
$321.4M
$2.6B
Q3 24
$212.0M
$2.6B
Q2 24
$211.7M
$2.7B
Q1 24
$162.0M
$2.7B
Stockholders' Equity
ALHC
ALHC
AXL
AXL
Q4 25
$179.3M
$640.0M
Q3 25
$161.9M
$718.4M
Q2 25
$141.0M
$673.0M
Q1 25
$108.1M
$596.3M
Q4 24
$99.9M
$562.8M
Q3 24
$114.5M
$616.3M
Q2 24
$123.7M
$609.6M
Q1 24
$130.9M
$621.4M
Total Assets
ALHC
ALHC
AXL
AXL
Q4 25
$1.1B
$6.7B
Q3 25
$1.1B
$5.3B
Q2 25
$1.0B
$5.3B
Q1 25
$895.6M
$5.1B
Q4 24
$782.1M
$5.1B
Q3 24
$692.3M
$5.3B
Q2 24
$716.3M
$5.3B
Q1 24
$633.2M
$5.4B
Debt / Equity
ALHC
ALHC
AXL
AXL
Q4 25
1.80×
6.31×
Q3 25
1.99×
3.61×
Q2 25
2.29×
3.86×
Q1 25
2.98×
4.38×
Q4 24
3.22×
4.58×
Q3 24
1.85×
4.28×
Q2 24
1.71×
4.42×
Q1 24
1.24×
4.40×

Cash Flow & Capital Efficiency

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

Metric
ALHC
ALHC
AXL
AXL
Operating Cash FlowLast quarter
$-50.4M
$120.5M
Free Cash FlowOCF − Capex
$-55.4M
$54.7M
FCF MarginFCF / Revenue
-5.5%
4.0%
Capex IntensityCapex / Revenue
0.5%
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$113.1M
$155.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
AXL
AXL
Q4 25
$-50.4M
$120.5M
Q3 25
$144.6M
$143.3M
Q2 25
$29.1M
$91.9M
Q1 25
$16.6M
$55.9M
Q4 24
$-8.7M
$151.2M
Q3 24
$26.2M
$143.6M
Q2 24
$23.5M
$142.8M
Q1 24
$-6.2M
$17.8M
Free Cash Flow
ALHC
ALHC
AXL
AXL
Q4 25
$-55.4M
$54.7M
Q3 25
$139.1M
$79.2M
Q2 25
$21.1M
$34.6M
Q1 25
$8.4M
$-13.4M
Q4 24
$-18.0M
$73.2M
Q3 24
$16.9M
$70.4M
Q2 24
$11.8M
$94.0M
Q1 24
$-17.4M
$-30.2M
FCF Margin
ALHC
ALHC
AXL
AXL
Q4 25
-5.5%
4.0%
Q3 25
14.0%
5.3%
Q2 25
2.1%
2.3%
Q1 25
0.9%
-0.9%
Q4 24
-2.6%
5.3%
Q3 24
2.4%
4.7%
Q2 24
1.7%
5.8%
Q1 24
-2.8%
-1.9%
Capex Intensity
ALHC
ALHC
AXL
AXL
Q4 25
0.5%
4.8%
Q3 25
0.6%
4.3%
Q2 25
0.8%
3.7%
Q1 25
0.9%
4.9%
Q4 24
1.3%
5.6%
Q3 24
1.3%
4.9%
Q2 24
1.7%
3.0%
Q1 24
1.8%
3.0%
Cash Conversion
ALHC
ALHC
AXL
AXL
Q4 25
Q3 25
38.77×
15.58×
Q2 25
1.86×
2.34×
Q1 25
7.87×
Q4 24
Q3 24
14.36×
Q2 24
7.85×
Q1 24
0.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

AXL
AXL

Driveline$748.4M54%
Other$345.7M25%
Metal Forming$289.8M21%

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