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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Digital Realty (DLR). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Alignment Healthcare, Inc.). Digital Realty runs the higher net margin — 6.0% vs 0.9%, a 5.1% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 9.8%).

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.

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

ALHC vs DLR — Head-to-Head

Bigger by revenue
DLR
DLR
1.3× larger
DLR
$1.6B
$1.2B
ALHC
Growing faster (revenue YoY)
DLR
DLR
+90.9% gap
DLR
16.1%
-74.7%
ALHC
Higher net margin
DLR
DLR
5.1% more per $
DLR
6.0%
0.9%
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
34.6%
9.8%
DLR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALHC
ALHC
DLR
DLR
Revenue
$1.2B
$1.6B
Net Profit
$11.4M
$98.6M
Gross Margin
Operating Margin
6.9%
Net Margin
0.9%
6.0%
Revenue YoY
-74.7%
16.1%
Net Profit YoY
-10.3%
EPS (diluted)
$0.22

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
DLR
DLR
Q1 26
$1.2B
$1.6B
Q4 25
$1.0B
$1.6B
Q3 25
$993.7M
$1.6B
Q2 25
$1.0B
$1.5B
Q1 25
$926.9M
$1.4B
Q4 24
$701.2M
$1.4B
Q3 24
$692.4M
$1.4B
Q2 24
$681.3M
$1.4B
Net Profit
ALHC
ALHC
DLR
DLR
Q1 26
$11.4M
$98.6M
Q4 25
$-11.0M
$98.6M
Q3 25
$3.7M
$67.8M
Q2 25
$15.7M
$1.0B
Q1 25
$-9.1M
$110.0M
Q4 24
$-31.1M
$189.6M
Q3 24
$-26.4M
$51.2M
Q2 24
$-24.0M
$80.2M
Operating Margin
ALHC
ALHC
DLR
DLR
Q1 26
6.9%
Q4 25
-1.0%
6.9%
Q3 25
0.8%
8.8%
Q2 25
2.2%
14.2%
Q1 25
-0.6%
13.9%
Q4 24
-3.2%
10.1%
Q3 24
-2.8%
11.8%
Q2 24
-2.7%
0.7%
Net Margin
ALHC
ALHC
DLR
DLR
Q1 26
0.9%
6.0%
Q4 25
-1.1%
6.0%
Q3 25
0.4%
4.3%
Q2 25
1.5%
69.1%
Q1 25
-1.0%
7.8%
Q4 24
-4.4%
13.2%
Q3 24
-3.8%
3.6%
Q2 24
-3.5%
5.9%
EPS (diluted)
ALHC
ALHC
DLR
DLR
Q1 26
$0.22
Q4 25
$-0.04
$0.22
Q3 25
$0.02
$0.15
Q2 25
$0.07
$2.94
Q1 25
$-0.05
$0.27
Q4 24
$-0.15
$0.50
Q3 24
$-0.14
$0.09
Q2 24
$-0.13
$0.20

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
DLR
DLR
Cash + ST InvestmentsLiquidity on hand
$705.6M
$3.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
$22.9B
Total Assets
$1.3B
$49.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
DLR
DLR
Q1 26
$705.6M
$3.5B
Q4 25
$604.2M
$3.5B
Q3 25
$644.1M
$3.3B
Q2 25
$503.8M
$3.6B
Q1 25
$479.5M
$2.3B
Q4 24
$470.6M
$3.9B
Q3 24
$381.0M
$2.2B
Q2 24
$363.7M
$2.3B
Total Debt
ALHC
ALHC
DLR
DLR
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
Stockholders' Equity
ALHC
ALHC
DLR
DLR
Q1 26
$206.9M
$22.9B
Q4 25
$179.3M
$22.9B
Q3 25
$161.9M
$23.0B
Q2 25
$141.0M
$22.9B
Q1 25
$108.1M
$21.3B
Q4 24
$99.9M
$21.3B
Q3 24
$114.5M
$21.2B
Q2 24
$123.7M
$20.5B
Total Assets
ALHC
ALHC
DLR
DLR
Q1 26
$1.3B
$49.4B
Q4 25
$1.1B
$49.4B
Q3 25
$1.1B
$48.7B
Q2 25
$1.0B
$48.7B
Q1 25
$895.6M
$45.1B
Q4 24
$782.1M
$45.3B
Q3 24
$692.3M
$45.3B
Q2 24
$716.3M
$43.6B
Debt / Equity
ALHC
ALHC
DLR
DLR
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
ALHC
ALHC
DLR
DLR
Operating Cash FlowLast quarter
$128.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
DLR
DLR
Q1 26
$128.7M
Q4 25
$-50.4M
$719.0M
Q3 25
$144.6M
$652.9M
Q2 25
$29.1M
$641.2M
Q1 25
$16.6M
$399.1M
Q4 24
$-8.7M
$769.5M
Q3 24
$26.2M
$566.5M
Q2 24
$23.5M
$573.2M
Free Cash Flow
ALHC
ALHC
DLR
DLR
Q1 26
Q4 25
$-55.4M
Q3 25
$139.1M
Q2 25
$21.1M
Q1 25
$8.4M
Q4 24
$-18.0M
Q3 24
$16.9M
Q2 24
$11.8M
FCF Margin
ALHC
ALHC
DLR
DLR
Q1 26
Q4 25
-5.5%
Q3 25
14.0%
Q2 25
2.1%
Q1 25
0.9%
Q4 24
-2.6%
Q3 24
2.4%
Q2 24
1.7%
Capex Intensity
ALHC
ALHC
DLR
DLR
Q1 26
Q4 25
0.5%
Q3 25
0.6%
Q2 25
0.8%
Q1 25
0.9%
Q4 24
1.3%
Q3 24
1.3%
Q2 24
1.7%
Cash Conversion
ALHC
ALHC
DLR
DLR
Q1 26
11.27×
Q4 25
7.29×
Q3 25
38.77×
9.63×
Q2 25
1.86×
0.62×
Q1 25
3.63×
Q4 24
4.06×
Q3 24
11.07×
Q2 24
7.15×

Financial Flow Comparison

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

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