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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and DYCOM INDUSTRIES INC (DY). Click either name above to swap in a different company.

DYCOM INDUSTRIES INC is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.4× Alignment Healthcare, Inc.). DYCOM INDUSTRIES INC runs the higher net margin — 7.3% vs -1.1%, a 8.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 14.1%). DYCOM INDUSTRIES INC produced more free cash flow last quarter ($164.8M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 23.5%).

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.

Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. Its capabilities include planning, design, installation, program management, maintenance and repair of most types of network infrastructure. The company has grown organically since its founding, but it has also acquired over 150 companies in the electrical contracting industry. It has provided its services and expertise to many major electrica...

ALHC vs DY — Head-to-Head

Bigger by revenue
DY
DY
1.4× larger
DY
$1.5B
$1.0B
ALHC
Growing faster (revenue YoY)
ALHC
ALHC
+30.3% gap
ALHC
44.4%
14.1%
DY
Higher net margin
DY
DY
8.4% more per $
DY
7.3%
-1.1%
ALHC
More free cash flow
DY
DY
$220.2M more FCF
DY
$164.8M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
23.5%
DY

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ALHC
ALHC
DY
DY
Revenue
$1.0B
$1.5B
Net Profit
$-11.0M
$106.4M
Gross Margin
Operating Margin
-1.0%
9.7%
Net Margin
-1.1%
7.3%
Revenue YoY
44.4%
14.1%
Net Profit YoY
64.6%
52.4%
EPS (diluted)
$-0.04
$3.63

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
DY
DY
Q4 25
$1.0B
$1.5B
Q3 25
$993.7M
$1.4B
Q2 25
$1.0B
$1.3B
Q1 25
$926.9M
$1.1B
Q4 24
$701.2M
$1.3B
Q3 24
$692.4M
$1.2B
Q2 24
$681.3M
$1.1B
Q1 24
$628.6M
$952.5M
Net Profit
ALHC
ALHC
DY
DY
Q4 25
$-11.0M
$106.4M
Q3 25
$3.7M
$97.5M
Q2 25
$15.7M
$61.0M
Q1 25
$-9.1M
$32.7M
Q4 24
$-31.1M
$69.8M
Q3 24
$-26.4M
$68.4M
Q2 24
$-24.0M
$62.6M
Q1 24
$-46.5M
$23.4M
Operating Margin
ALHC
ALHC
DY
DY
Q4 25
-1.0%
9.7%
Q3 25
0.8%
9.5%
Q2 25
2.2%
6.2%
Q1 25
-0.6%
4.1%
Q4 24
-3.2%
7.2%
Q3 24
-2.8%
7.9%
Q2 24
-2.7%
6.8%
Q1 24
-6.5%
3.3%
Net Margin
ALHC
ALHC
DY
DY
Q4 25
-1.1%
7.3%
Q3 25
0.4%
7.1%
Q2 25
1.5%
4.9%
Q1 25
-1.0%
3.0%
Q4 24
-4.4%
5.5%
Q3 24
-3.8%
5.7%
Q2 24
-3.5%
5.5%
Q1 24
-7.4%
2.5%
EPS (diluted)
ALHC
ALHC
DY
DY
Q4 25
$-0.04
$3.63
Q3 25
$0.02
$3.33
Q2 25
$0.07
$2.09
Q1 25
$-0.05
$1.11
Q4 24
$-0.15
$2.37
Q3 24
$-0.14
$2.32
Q2 24
$-0.13
$2.12
Q1 24
$-0.25
$0.79

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
DY
DY
Cash + ST InvestmentsLiquidity on hand
$604.2M
$110.1M
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$1.5B
Total Assets
$1.1B
$3.3B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
DY
DY
Q4 25
$604.2M
$110.1M
Q3 25
$644.1M
$28.5M
Q2 25
$503.8M
$16.1M
Q1 25
$479.5M
$92.7M
Q4 24
$470.6M
$15.3M
Q3 24
$381.0M
$19.6M
Q2 24
$363.7M
$26.1M
Q1 24
$301.7M
$101.1M
Total Debt
ALHC
ALHC
DY
DY
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
Q1 24
$162.0M
Stockholders' Equity
ALHC
ALHC
DY
DY
Q4 25
$179.3M
$1.5B
Q3 25
$161.9M
$1.4B
Q2 25
$141.0M
$1.3B
Q1 25
$108.1M
$1.2B
Q4 24
$99.9M
$1.2B
Q3 24
$114.5M
$1.2B
Q2 24
$123.7M
$1.1B
Q1 24
$130.9M
$1.1B
Total Assets
ALHC
ALHC
DY
DY
Q4 25
$1.1B
$3.3B
Q3 25
$1.1B
$3.2B
Q2 25
$1.0B
$3.1B
Q1 25
$895.6M
$2.9B
Q4 24
$782.1M
$3.1B
Q3 24
$692.3M
$2.8B
Q2 24
$716.3M
$2.6B
Q1 24
$633.2M
$2.5B
Debt / Equity
ALHC
ALHC
DY
DY
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×
Q1 24
1.24×

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
DY
DY
Operating Cash FlowLast quarter
$-50.4M
$220.0M
Free Cash FlowOCF − Capex
$-55.4M
$164.8M
FCF MarginFCF / Revenue
-5.5%
11.4%
Capex IntensityCapex / Revenue
0.5%
3.8%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$113.1M
$296.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
DY
DY
Q4 25
$-50.4M
$220.0M
Q3 25
$144.6M
$57.4M
Q2 25
$29.1M
$-54.0M
Q1 25
$16.6M
$328.2M
Q4 24
$-8.7M
$65.8M
Q3 24
$26.2M
$-7.5M
Q2 24
$23.5M
$-37.4M
Q1 24
$-6.2M
$325.1M
Free Cash Flow
ALHC
ALHC
DY
DY
Q4 25
$-55.4M
$164.8M
Q3 25
$139.1M
$5.8M
Q2 25
$21.1M
$-133.5M
Q1 25
$8.4M
$259.7M
Q4 24
$-18.0M
$-8.8M
Q3 24
$16.9M
$-72.9M
Q2 24
$11.8M
$-79.4M
Q1 24
$-17.4M
$267.7M
FCF Margin
ALHC
ALHC
DY
DY
Q4 25
-5.5%
11.4%
Q3 25
14.0%
0.4%
Q2 25
2.1%
-10.6%
Q1 25
0.9%
23.9%
Q4 24
-2.6%
-0.7%
Q3 24
2.4%
-6.1%
Q2 24
1.7%
-6.9%
Q1 24
-2.8%
28.1%
Capex Intensity
ALHC
ALHC
DY
DY
Q4 25
0.5%
3.8%
Q3 25
0.6%
3.8%
Q2 25
0.8%
6.3%
Q1 25
0.9%
6.3%
Q4 24
1.3%
5.9%
Q3 24
1.3%
5.4%
Q2 24
1.7%
3.7%
Q1 24
1.8%
6.0%
Cash Conversion
ALHC
ALHC
DY
DY
Q4 25
2.07×
Q3 25
38.77×
0.59×
Q2 25
1.86×
-0.88×
Q1 25
10.05×
Q4 24
0.94×
Q3 24
-0.11×
Q2 24
-0.60×
Q1 24
13.88×

Financial Flow Comparison

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

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