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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Equity Residential (EQR). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $781.9M, roughly 1.6× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 0.9%, a 47.9% gap on every dollar of revenue. On growth, Equity Residential posted the faster year-over-year revenue change (2.0% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 3.4%).
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.
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
ALHC vs EQR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $781.9M |
| Net Profit | $11.4M | $382.1M |
| Gross Margin | — | — |
| Operating Margin | — | 50.6% |
| Net Margin | 0.9% | 48.9% |
| Revenue YoY | -74.7% | 2.0% |
| Net Profit YoY | — | -8.8% |
| EPS (diluted) | — | $1.01 |
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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $781.9M | ||
| Q3 25 | $993.7M | $782.4M | ||
| Q2 25 | $1.0B | $768.8M | ||
| Q1 25 | $926.9M | $760.8M | ||
| Q4 24 | $701.2M | $766.8M | ||
| Q3 24 | $692.4M | $748.3M | ||
| Q2 24 | $681.3M | $734.2M |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $382.1M | ||
| Q3 25 | $3.7M | $289.1M | ||
| Q2 25 | $15.7M | $192.4M | ||
| Q1 25 | $-9.1M | $256.6M | ||
| Q4 24 | $-31.1M | $419.1M | ||
| Q3 24 | $-26.4M | $143.4M | ||
| Q2 24 | $-24.0M | $177.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 50.6% | ||
| Q3 25 | 0.8% | 38.5% | ||
| Q2 25 | 2.2% | 26.6% | ||
| Q1 25 | -0.6% | 35.7% | ||
| Q4 24 | -3.2% | 57.2% | ||
| Q3 24 | -2.8% | 20.1% | ||
| Q2 24 | -2.7% | 25.3% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 48.9% | ||
| Q3 25 | 0.4% | 36.9% | ||
| Q2 25 | 1.5% | 25.0% | ||
| Q1 25 | -1.0% | 33.7% | ||
| Q4 24 | -4.4% | 54.7% | ||
| Q3 24 | -3.8% | 19.2% | ||
| Q2 24 | -3.5% | 24.2% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $1.01 | ||
| Q3 25 | $0.02 | $0.76 | ||
| Q2 25 | $0.07 | $0.50 | ||
| Q1 25 | $-0.05 | $0.67 | ||
| Q4 24 | $-0.15 | $1.10 | ||
| Q3 24 | $-0.14 | $0.38 | ||
| Q2 24 | $-0.13 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $705.6M | $55.9M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $206.9M | $11.0B |
| Total Assets | $1.3B | $20.7B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $55.9M | ||
| Q3 25 | $644.1M | $93.1M | ||
| Q2 25 | $503.8M | $31.3M | ||
| Q1 25 | $479.5M | $39.8M | ||
| Q4 24 | $470.6M | $62.3M | ||
| Q3 24 | $381.0M | $28.6M | ||
| Q2 24 | $363.7M | $38.3M |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $8.2B | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | $8.2B | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $11.0B | ||
| Q3 25 | $161.9M | $11.1B | ||
| Q2 25 | $141.0M | $11.0B | ||
| Q1 25 | $108.1M | $11.0B | ||
| Q4 24 | $99.9M | $11.0B | ||
| Q3 24 | $114.5M | $10.9B | ||
| Q2 24 | $123.7M | $11.0B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $20.7B | ||
| Q3 25 | $1.1B | $21.1B | ||
| Q2 25 | $1.0B | $21.0B | ||
| Q1 25 | $895.6M | $20.6B | ||
| Q4 24 | $782.1M | $20.8B | ||
| Q3 24 | $692.3M | $20.9B | ||
| Q2 24 | $716.3M | $19.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.75× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | 0.74× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.7M | $387.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.27× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $387.0M | ||
| Q3 25 | $144.6M | $476.7M | ||
| Q2 25 | $29.1M | $359.5M | ||
| Q1 25 | $16.6M | $425.5M | ||
| Q4 24 | $-8.7M | $354.2M | ||
| Q3 24 | $26.2M | $401.4M | ||
| Q2 24 | $23.5M | $396.9M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 1.01× | ||
| Q3 25 | 38.77× | 1.65× | ||
| Q2 25 | 1.86× | 1.87× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 2.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
