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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Chefs' Warehouse, Inc. (CHEF). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Alignment Healthcare, Inc.). Chefs' Warehouse, Inc. runs the higher net margin — 1.9% vs -1.1%, a 3.0% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 10.5%). Chefs' Warehouse, Inc. produced more free cash flow last quarter ($65.8M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 14.3%).
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.
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
ALHC vs CHEF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.1B |
| Net Profit | $-11.0M | $21.7M |
| Gross Margin | — | 24.2% |
| Operating Margin | -1.0% | 3.8% |
| Net Margin | -1.1% | 1.9% |
| Revenue YoY | 44.4% | 10.5% |
| Net Profit YoY | 64.6% | -9.4% |
| EPS (diluted) | $-0.04 | $0.50 |
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.
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $993.7M | $1.0B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $926.9M | $950.7M | ||
| Q4 24 | $701.2M | $1.0B | ||
| Q3 24 | $692.4M | $931.5M | ||
| Q2 24 | $681.3M | $954.7M | ||
| Q1 24 | $628.6M | $874.5M |
| Q4 25 | $-11.0M | $21.7M | ||
| Q3 25 | $3.7M | $19.1M | ||
| Q2 25 | $15.7M | $21.2M | ||
| Q1 25 | $-9.1M | $10.3M | ||
| Q4 24 | $-31.1M | $23.9M | ||
| Q3 24 | $-26.4M | $14.1M | ||
| Q2 24 | $-24.0M | $15.5M | ||
| Q1 24 | $-46.5M | $1.9M |
| Q4 25 | — | 24.2% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 24.6% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | — | 23.9% |
| Q4 25 | -1.0% | 3.8% | ||
| Q3 25 | 0.8% | 3.8% | ||
| Q2 25 | 2.2% | 3.9% | ||
| Q1 25 | -0.6% | 2.4% | ||
| Q4 24 | -3.2% | 4.5% | ||
| Q3 24 | -2.8% | 3.4% | ||
| Q2 24 | -2.7% | 3.5% | ||
| Q1 24 | -6.5% | 1.8% |
| Q4 25 | -1.1% | 1.9% | ||
| Q3 25 | 0.4% | 1.9% | ||
| Q2 25 | 1.5% | 2.1% | ||
| Q1 25 | -1.0% | 1.1% | ||
| Q4 24 | -4.4% | 2.3% | ||
| Q3 24 | -3.8% | 1.5% | ||
| Q2 24 | -3.5% | 1.6% | ||
| Q1 24 | -7.4% | 0.2% |
| Q4 25 | $-0.04 | $0.50 | ||
| Q3 25 | $0.02 | $0.44 | ||
| Q2 25 | $0.07 | $0.49 | ||
| Q1 25 | $-0.05 | $0.25 | ||
| Q4 24 | $-0.15 | $0.56 | ||
| Q3 24 | $-0.14 | $0.34 | ||
| Q2 24 | $-0.13 | $0.37 | ||
| Q1 24 | $-0.25 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $604.2M | $121.0M |
| Total DebtLower is stronger | $323.2M | $720.3M |
| Stockholders' EquityBook value | $179.3M | $604.3M |
| Total Assets | $1.1B | $2.0B |
| Debt / EquityLower = less leverage | 1.80× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $121.0M | ||
| Q3 25 | $644.1M | $65.1M | ||
| Q2 25 | $503.8M | $96.9M | ||
| Q1 25 | $479.5M | $116.5M | ||
| Q4 24 | $470.6M | $114.7M | ||
| Q3 24 | $381.0M | $50.7M | ||
| Q2 24 | $363.7M | $38.3M | ||
| Q1 24 | $301.7M | $42.3M |
| Q4 25 | $323.2M | $720.3M | ||
| Q3 25 | $322.7M | $711.7M | ||
| Q2 25 | $322.3M | $690.2M | ||
| Q1 25 | $321.9M | $681.1M | ||
| Q4 24 | $321.4M | $688.7M | ||
| Q3 24 | $212.0M | $666.6M | ||
| Q2 24 | $211.7M | $660.8M | ||
| Q1 24 | $162.0M | $667.3M |
| Q4 25 | $179.3M | $604.3M | ||
| Q3 25 | $161.9M | $576.6M | ||
| Q2 25 | $141.0M | $557.7M | ||
| Q1 25 | $108.1M | $541.6M | ||
| Q4 24 | $99.9M | $537.6M | ||
| Q3 24 | $114.5M | $480.3M | ||
| Q2 24 | $123.7M | $461.9M | ||
| Q1 24 | $130.9M | $447.8M |
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $895.6M | $1.8B | ||
| Q4 24 | $782.1M | $1.9B | ||
| Q3 24 | $692.3M | $1.8B | ||
| Q2 24 | $716.3M | $1.7B | ||
| Q1 24 | $633.2M | $1.7B |
| Q4 25 | 1.80× | 1.19× | ||
| Q3 25 | 1.99× | 1.23× | ||
| Q2 25 | 2.29× | 1.24× | ||
| Q1 25 | 2.98× | 1.26× | ||
| Q4 24 | 3.22× | 1.28× | ||
| Q3 24 | 1.85× | 1.39× | ||
| Q2 24 | 1.71× | 1.43× | ||
| Q1 24 | 1.24× | 1.49× |
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 | $-50.4M | $73.9M |
| Free Cash FlowOCF − Capex | $-55.4M | $65.8M |
| FCF MarginFCF / Revenue | -5.5% | 5.8% |
| Capex IntensityCapex / Revenue | 0.5% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 3.41× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $87.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $73.9M | ||
| Q3 25 | $144.6M | $-8.7M | ||
| Q2 25 | $29.1M | $14.5M | ||
| Q1 25 | $16.6M | $49.6M | ||
| Q4 24 | $-8.7M | $73.0M | ||
| Q3 24 | $26.2M | $19.8M | ||
| Q2 24 | $23.5M | $29.3M | ||
| Q1 24 | $-6.2M | $30.9M |
| Q4 25 | $-55.4M | $65.8M | ||
| Q3 25 | $139.1M | $-19.7M | ||
| Q2 25 | $21.1M | $4.5M | ||
| Q1 25 | $8.4M | $37.2M | ||
| Q4 24 | $-18.0M | $64.6M | ||
| Q3 24 | $16.9M | $11.8M | ||
| Q2 24 | $11.8M | $13.3M | ||
| Q1 24 | $-17.4M | $13.8M |
| Q4 25 | -5.5% | 5.8% | ||
| Q3 25 | 14.0% | -1.9% | ||
| Q2 25 | 2.1% | 0.4% | ||
| Q1 25 | 0.9% | 3.9% | ||
| Q4 24 | -2.6% | 6.3% | ||
| Q3 24 | 2.4% | 1.3% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | -2.8% | 1.6% |
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 0.9% | 1.3% | ||
| Q4 24 | 1.3% | 0.8% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 1.8% | 2.0% |
| Q4 25 | — | 3.41× | ||
| Q3 25 | 38.77× | -0.46× | ||
| Q2 25 | 1.86× | 0.68× | ||
| Q1 25 | — | 4.82× | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.89× | ||
| Q1 24 | — | 16.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
