vs
Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Distribution Solutions Group, Inc. (DSGR). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $518.0M, roughly 2.0× Distribution Solutions Group, Inc.). Distribution Solutions Group, Inc. runs the higher net margin — 1.2% vs -1.1%, a 2.3% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 10.7%). Distribution Solutions Group, Inc. produced more free cash flow last quarter ($32.9M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 13.1%).
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.
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
ALHC vs DSGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $518.0M |
| Net Profit | $-11.0M | $6.5M |
| Gross Margin | — | 32.9% |
| Operating Margin | -1.0% | 4.6% |
| Net Margin | -1.1% | 1.2% |
| Revenue YoY | 44.4% | 10.7% |
| Net Profit YoY | 64.6% | -70.6% |
| EPS (diluted) | $-0.04 | $0.14 |
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 | — | ||
| Q3 25 | $993.7M | $518.0M | ||
| Q2 25 | $1.0B | $502.4M | ||
| Q1 25 | $926.9M | $478.0M | ||
| Q4 24 | $701.2M | $480.5M | ||
| Q3 24 | $692.4M | $468.0M | ||
| Q2 24 | $681.3M | $439.5M | ||
| Q1 24 | $628.6M | $416.1M |
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $3.7M | $6.5M | ||
| Q2 25 | $15.7M | $5.0M | ||
| Q1 25 | $-9.1M | $3.3M | ||
| Q4 24 | $-31.1M | $-25.9M | ||
| Q3 24 | $-26.4M | $21.9M | ||
| Q2 24 | $-24.0M | $1.9M | ||
| Q1 24 | $-46.5M | $-5.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 33.9% | ||
| Q1 25 | — | 34.3% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 33.9% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 34.5% |
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | 4.6% | ||
| Q2 25 | 2.2% | 5.3% | ||
| Q1 25 | -0.6% | 4.2% | ||
| Q4 24 | -3.2% | 4.2% | ||
| Q3 24 | -2.8% | 4.0% | ||
| Q2 24 | -2.7% | 3.2% | ||
| Q1 24 | -6.5% | 0.7% |
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | -1.0% | 0.7% | ||
| Q4 24 | -4.4% | -5.4% | ||
| Q3 24 | -3.8% | 4.7% | ||
| Q2 24 | -3.5% | 0.4% | ||
| Q1 24 | -7.4% | -1.3% |
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.02 | $0.14 | ||
| Q2 25 | $0.07 | $0.11 | ||
| Q1 25 | $-0.05 | $0.07 | ||
| Q4 24 | $-0.15 | $-0.55 | ||
| Q3 24 | $-0.14 | $0.46 | ||
| Q2 24 | $-0.13 | $0.04 | ||
| Q1 24 | $-0.25 | $-0.11 |
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 | $69.2M |
| Total DebtLower is stronger | $323.2M | $665.5M |
| Stockholders' EquityBook value | $179.3M | $653.9M |
| Total Assets | $1.1B | $1.8B |
| Debt / EquityLower = less leverage | 1.80× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | — | ||
| Q3 25 | $644.1M | $69.2M | ||
| Q2 25 | $503.8M | $47.4M | ||
| Q1 25 | $479.5M | $65.4M | ||
| Q4 24 | $470.6M | $66.5M | ||
| Q3 24 | $381.0M | $61.3M | ||
| Q2 24 | $363.7M | $46.8M | ||
| Q1 24 | $301.7M | $73.1M |
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | $665.5M | ||
| Q2 25 | $322.3M | $675.0M | ||
| Q1 25 | $321.9M | $712.4M | ||
| Q4 24 | $321.4M | $693.9M | ||
| Q3 24 | $212.0M | $704.1M | ||
| Q2 24 | $211.7M | $573.7M | ||
| Q1 24 | $162.0M | $535.7M |
| Q4 25 | $179.3M | — | ||
| Q3 25 | $161.9M | $653.9M | ||
| Q2 25 | $141.0M | $649.4M | ||
| Q1 25 | $108.1M | $636.7M | ||
| Q4 24 | $99.9M | $640.5M | ||
| Q3 24 | $114.5M | $680.8M | ||
| Q2 24 | $123.7M | $653.3M | ||
| Q1 24 | $130.9M | $654.7M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $895.6M | $1.8B | ||
| Q4 24 | $782.1M | $1.7B | ||
| Q3 24 | $692.3M | $1.8B | ||
| Q2 24 | $716.3M | $1.6B | ||
| Q1 24 | $633.2M | $1.5B |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | 1.02× | ||
| Q2 25 | 2.29× | 1.04× | ||
| Q1 25 | 2.98× | 1.12× | ||
| Q4 24 | 3.22× | 1.08× | ||
| Q3 24 | 1.85× | 1.03× | ||
| Q2 24 | 1.71× | 0.88× | ||
| Q1 24 | 1.24× | 0.82× |
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 | $38.4M |
| Free Cash FlowOCF − Capex | $-55.4M | $32.9M |
| FCF MarginFCF / Revenue | -5.5% | 6.3% |
| Capex IntensityCapex / Revenue | 0.5% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 5.95× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | — | ||
| Q3 25 | $144.6M | $38.4M | ||
| Q2 25 | $29.1M | $33.3M | ||
| Q1 25 | $16.6M | $-4.8M | ||
| Q4 24 | $-8.7M | $45.7M | ||
| Q3 24 | $26.2M | $-17.3M | ||
| Q2 24 | $23.5M | $21.4M | ||
| Q1 24 | $-6.2M | $6.6M |
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | $32.9M | ||
| Q2 25 | $21.1M | $28.7M | ||
| Q1 25 | $8.4M | $-10.4M | ||
| Q4 24 | $-18.0M | $41.1M | ||
| Q3 24 | $16.9M | $-20.5M | ||
| Q2 24 | $11.8M | $18.0M | ||
| Q1 24 | $-17.4M | $4.2M |
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | 6.3% | ||
| Q2 25 | 2.1% | 5.7% | ||
| Q1 25 | 0.9% | -2.2% | ||
| Q4 24 | -2.6% | 8.6% | ||
| Q3 24 | 2.4% | -4.4% | ||
| Q2 24 | 1.7% | 4.1% | ||
| Q1 24 | -2.8% | 1.0% |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | 1.1% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 1.3% | 0.7% | ||
| Q2 24 | 1.7% | 0.8% | ||
| Q1 24 | 1.8% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 5.95× | ||
| Q2 25 | 1.86× | 6.66× | ||
| Q1 25 | — | -1.46× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.79× | ||
| Q2 24 | — | 11.28× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
DSGR
| Test Equity Segment | $206.5M | 40% |
| Gexpro Services Segment | $130.5M | 25% |
| Lawson Segment | $121.5M | 23% |
| Canada Branch Division Segment | $60.0M | 12% |
