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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.1× Alignment Healthcare, Inc.). Fabrinet runs the higher net margin — 9.9% vs -1.1%, a 11.0% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 35.9%). Fabrinet produced more free cash flow last quarter ($-5.3M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 24.4%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
ALHC vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.1B |
| Net Profit | $-11.0M | $112.6M |
| Gross Margin | — | 12.2% |
| Operating Margin | -1.0% | 10.1% |
| Net Margin | -1.1% | 9.9% |
| Revenue YoY | 44.4% | 35.9% |
| Net Profit YoY | 64.6% | 30.0% |
| EPS (diluted) | $-0.04 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $993.7M | $978.1M | ||
| Q2 25 | $1.0B | $909.7M | ||
| Q1 25 | $926.9M | $871.8M | ||
| Q4 24 | $701.2M | $833.6M | ||
| Q3 24 | $692.4M | $804.2M | ||
| Q2 24 | $681.3M | $753.3M | ||
| Q1 24 | $628.6M | $731.5M |
| Q4 25 | $-11.0M | $112.6M | ||
| Q3 25 | $3.7M | $95.9M | ||
| Q2 25 | $15.7M | $87.2M | ||
| Q1 25 | $-9.1M | $81.3M | ||
| Q4 24 | $-31.1M | $86.6M | ||
| Q3 24 | $-26.4M | $77.4M | ||
| Q2 24 | $-24.0M | $81.1M | ||
| Q1 24 | $-46.5M | $80.9M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | -1.0% | 10.1% | ||
| Q3 25 | 0.8% | 9.6% | ||
| Q2 25 | 2.2% | 9.8% | ||
| Q1 25 | -0.6% | 9.0% | ||
| Q4 24 | -3.2% | 9.5% | ||
| Q3 24 | -2.8% | 9.6% | ||
| Q2 24 | -2.7% | 9.7% | ||
| Q1 24 | -6.5% | 9.7% |
| Q4 25 | -1.1% | 9.9% | ||
| Q3 25 | 0.4% | 9.8% | ||
| Q2 25 | 1.5% | 9.6% | ||
| Q1 25 | -1.0% | 9.3% | ||
| Q4 24 | -4.4% | 10.4% | ||
| Q3 24 | -3.8% | 9.6% | ||
| Q2 24 | -3.5% | 10.8% | ||
| Q1 24 | -7.4% | 11.1% |
| Q4 25 | $-0.04 | $3.11 | ||
| Q3 25 | $0.02 | $2.66 | ||
| Q2 25 | $0.07 | $2.41 | ||
| Q1 25 | $-0.05 | $2.25 | ||
| Q4 24 | $-0.15 | $2.38 | ||
| Q3 24 | $-0.14 | $2.13 | ||
| Q2 24 | $-0.13 | $2.22 | ||
| Q1 24 | $-0.25 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $2.2B |
| Total Assets | $1.1B | $3.3B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $960.8M | ||
| Q3 25 | $644.1M | $968.8M | ||
| Q2 25 | $503.8M | $934.2M | ||
| Q1 25 | $479.5M | $950.7M | ||
| Q4 24 | $470.6M | $934.6M | ||
| Q3 24 | $381.0M | $908.9M | ||
| Q2 24 | $363.7M | $858.6M | ||
| Q1 24 | $301.7M | $794.0M |
| 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 | — |
| Q4 25 | $179.3M | $2.2B | ||
| Q3 25 | $161.9M | $2.1B | ||
| Q2 25 | $141.0M | $2.0B | ||
| Q1 25 | $108.1M | $1.9B | ||
| Q4 24 | $99.9M | $1.8B | ||
| Q3 24 | $114.5M | $1.8B | ||
| Q2 24 | $123.7M | $1.7B | ||
| Q1 24 | $130.9M | $1.7B |
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.1B | $3.0B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $895.6M | $2.6B | ||
| Q4 24 | $782.1M | $2.5B | ||
| Q3 24 | $692.3M | $2.4B | ||
| Q2 24 | $716.3M | $2.3B | ||
| Q1 24 | $633.2M | $2.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-50.4M | $46.3M |
| Free Cash FlowOCF − Capex | $-55.4M | $-5.3M |
| FCF MarginFCF / Revenue | -5.5% | -0.5% |
| Capex IntensityCapex / Revenue | 0.5% | 4.6% |
| Cash ConversionOCF / Net Profit | — | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $46.3M | ||
| Q3 25 | $144.6M | $102.6M | ||
| Q2 25 | $29.1M | $55.1M | ||
| Q1 25 | $16.6M | $74.2M | ||
| Q4 24 | $-8.7M | $115.9M | ||
| Q3 24 | $26.2M | $83.2M | ||
| Q2 24 | $23.5M | $83.1M | ||
| Q1 24 | $-6.2M | $100.9M |
| Q4 25 | $-55.4M | $-5.3M | ||
| Q3 25 | $139.1M | $57.3M | ||
| Q2 25 | $21.1M | $4.7M | ||
| Q1 25 | $8.4M | $45.7M | ||
| Q4 24 | $-18.0M | $94.0M | ||
| Q3 24 | $16.9M | $62.9M | ||
| Q2 24 | $11.8M | $70.4M | ||
| Q1 24 | $-17.4M | $87.3M |
| Q4 25 | -5.5% | -0.5% | ||
| Q3 25 | 14.0% | 5.9% | ||
| Q2 25 | 2.1% | 0.5% | ||
| Q1 25 | 0.9% | 5.2% | ||
| Q4 24 | -2.6% | 11.3% | ||
| Q3 24 | 2.4% | 7.8% | ||
| Q2 24 | 1.7% | 9.3% | ||
| Q1 24 | -2.8% | 11.9% |
| Q4 25 | 0.5% | 4.6% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.8% | 5.5% | ||
| Q1 25 | 0.9% | 3.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.3% | 2.5% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 1.8% | 1.9% |
| Q4 25 | — | 0.41× | ||
| Q3 25 | 38.77× | 1.07× | ||
| Q2 25 | 1.86× | 0.63× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
