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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and EnerSys (ENS). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $919.1M, roughly 1.1× EnerSys). EnerSys runs the higher net margin — 9.8% vs -1.1%, a 10.9% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 0.5%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
ALHC vs ENS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $919.1M |
| Net Profit | $-11.0M | $90.4M |
| Gross Margin | — | 30.1% |
| Operating Margin | -1.0% | 13.5% |
| Net Margin | -1.1% | 9.8% |
| Revenue YoY | 44.4% | 1.4% |
| Net Profit YoY | 64.6% | -21.3% |
| EPS (diluted) | $-0.04 | $2.40 |
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 | $919.1M | ||
| Q3 25 | $993.7M | $951.3M | ||
| Q2 25 | $1.0B | $893.0M | ||
| Q1 25 | $926.9M | $974.8M | ||
| Q4 24 | $701.2M | $906.2M | ||
| Q3 24 | $692.4M | $883.7M | ||
| Q2 24 | $681.3M | $852.9M | ||
| Q1 24 | $628.6M | $910.7M |
| Q4 25 | $-11.0M | $90.4M | ||
| Q3 25 | $3.7M | $68.4M | ||
| Q2 25 | $15.7M | $57.5M | ||
| Q1 25 | $-9.1M | $96.5M | ||
| Q4 24 | $-31.1M | $114.8M | ||
| Q3 24 | $-26.4M | $82.3M | ||
| Q2 24 | $-24.0M | $70.1M | ||
| Q1 24 | $-46.5M | $60.9M |
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 31.2% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.9% |
| Q4 25 | -1.0% | 13.5% | ||
| Q3 25 | 0.8% | 9.7% | ||
| Q2 25 | 2.2% | 9.7% | ||
| Q1 25 | -0.6% | 13.5% | ||
| Q4 24 | -3.2% | 15.7% | ||
| Q3 24 | -2.8% | 11.2% | ||
| Q2 24 | -2.7% | 10.7% | ||
| Q1 24 | -6.5% | 8.9% |
| Q4 25 | -1.1% | 9.8% | ||
| Q3 25 | 0.4% | 7.2% | ||
| Q2 25 | 1.5% | 6.4% | ||
| Q1 25 | -1.0% | 9.9% | ||
| Q4 24 | -4.4% | 12.7% | ||
| Q3 24 | -3.8% | 9.3% | ||
| Q2 24 | -3.5% | 8.2% | ||
| Q1 24 | -7.4% | 6.7% |
| Q4 25 | $-0.04 | $2.40 | ||
| Q3 25 | $0.02 | $1.80 | ||
| Q2 25 | $0.07 | $1.46 | ||
| Q1 25 | $-0.05 | $2.39 | ||
| Q4 24 | $-0.15 | $2.88 | ||
| Q3 24 | $-0.14 | $2.01 | ||
| Q2 24 | $-0.13 | $1.71 | ||
| Q1 24 | $-0.25 | $1.48 |
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 | $450.1M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $1.9B |
| Total Assets | $1.1B | $4.0B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $450.1M | ||
| Q3 25 | $644.1M | $388.6M | ||
| Q2 25 | $503.8M | $346.7M | ||
| Q1 25 | $479.5M | $343.1M | ||
| Q4 24 | $470.6M | $463.2M | ||
| Q3 24 | $381.0M | $407.9M | ||
| Q2 24 | $363.7M | $344.1M | ||
| Q1 24 | $301.7M | $333.3M |
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | $1.1B | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — | ||
| Q1 24 | $162.0M | $802.0M |
| Q4 25 | $179.3M | $1.9B | ||
| Q3 25 | $161.9M | $1.9B | ||
| Q2 25 | $141.0M | $1.9B | ||
| Q1 25 | $108.1M | $1.9B | ||
| Q4 24 | $99.9M | $1.8B | ||
| Q3 24 | $114.5M | $1.8B | ||
| Q2 24 | $123.7M | $1.8B | ||
| Q1 24 | $130.9M | $1.8B |
| Q4 25 | $1.1B | $4.0B | ||
| Q3 25 | $1.1B | $4.1B | ||
| Q2 25 | $1.0B | $4.1B | ||
| Q1 25 | $895.6M | $4.0B | ||
| Q4 24 | $782.1M | $4.0B | ||
| Q3 24 | $692.3M | $4.0B | ||
| Q2 24 | $716.3M | $3.6B | ||
| Q1 24 | $633.2M | $3.5B |
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | 0.57× | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 1.24× | 0.46× |
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 | $184.6M |
| Free Cash FlowOCF − Capex | $-55.4M | $171.3M |
| FCF MarginFCF / Revenue | -5.5% | 18.6% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $184.6M | ||
| Q3 25 | $144.6M | $218.0M | ||
| Q2 25 | $29.1M | $968.0K | ||
| Q1 25 | $16.6M | $135.2M | ||
| Q4 24 | $-8.7M | $81.1M | ||
| Q3 24 | $26.2M | $33.6M | ||
| Q2 24 | $23.5M | $10.4M | ||
| Q1 24 | $-6.2M | — |
| Q4 25 | $-55.4M | $171.3M | ||
| Q3 25 | $139.1M | $197.1M | ||
| Q2 25 | $21.1M | $-32.1M | ||
| Q1 25 | $8.4M | $104.9M | ||
| Q4 24 | $-18.0M | $56.8M | ||
| Q3 24 | $16.9M | $3.3M | ||
| Q2 24 | $11.8M | $-25.7M | ||
| Q1 24 | $-17.4M | — |
| Q4 25 | -5.5% | 18.6% | ||
| Q3 25 | 14.0% | 20.7% | ||
| Q2 25 | 2.1% | -3.6% | ||
| Q1 25 | 0.9% | 10.8% | ||
| Q4 24 | -2.6% | 6.3% | ||
| Q3 24 | 2.4% | 0.4% | ||
| Q2 24 | 1.7% | -3.0% | ||
| Q1 24 | -2.8% | — |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.8% | 3.7% | ||
| Q1 25 | 0.9% | 3.1% | ||
| Q4 24 | 1.3% | 2.7% | ||
| Q3 24 | 1.3% | 3.4% | ||
| Q2 24 | 1.7% | 4.2% | ||
| Q1 24 | 1.8% | — |
| Q4 25 | — | 2.04× | ||
| Q3 25 | 38.77× | 3.19× | ||
| Q2 25 | 1.86× | 0.02× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
