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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Global-E Online Ltd. (GLBE). Click either name above to swap in a different company.

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $625.5M, roughly 1.6× Global-E Online Ltd.). Global-E Online Ltd. runs the higher net margin — 0.9% vs -1.1%, a 2.0% gap on every dollar of revenue.

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.

Global-E Online Ltd. operates a leading cross-border e-commerce enablement platform that helps direct-to-consumer brands and retail enterprises expand their international sales reach. It offers end-to-end services including localized checkout, payment processing, customs clearance, logistics coordination, and duty calculation, serving clients across North America, Europe, and the Asia-Pacific region.

ALHC vs GLBE — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.6× larger
ALHC
$1.0B
$625.5M
GLBE
Higher net margin
GLBE
GLBE
2.0% more per $
GLBE
0.9%
-1.1%
ALHC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ALHC
ALHC
GLBE
GLBE
Revenue
$1.0B
$625.5M
Net Profit
$-11.0M
$5.8M
Gross Margin
45.0%
Operating Margin
-1.0%
1.3%
Net Margin
-1.1%
0.9%
Revenue YoY
44.4%
Net Profit YoY
64.6%
EPS (diluted)
$-0.04

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
GLBE
GLBE
Q4 25
$1.0B
Q3 25
$993.7M
$625.5M
Q2 25
$1.0B
$404.8M
Q1 25
$926.9M
$189.9M
Q4 24
$701.2M
Q3 24
$692.4M
$489.9M
Q2 24
$681.3M
$313.9M
Q1 24
$628.6M
$145.9M
Net Profit
ALHC
ALHC
GLBE
GLBE
Q4 25
$-11.0M
Q3 25
$3.7M
$5.8M
Q2 25
$15.7M
$-7.4M
Q1 25
$-9.1M
Q4 24
$-31.1M
Q3 24
$-26.4M
$-77.1M
Q2 24
$-24.0M
$-54.5M
Q1 24
$-46.5M
Gross Margin
ALHC
ALHC
GLBE
GLBE
Q4 25
Q3 25
45.0%
Q2 25
44.9%
Q1 25
44.3%
Q4 24
Q3 24
45.1%
Q2 24
44.8%
Q1 24
43.4%
Operating Margin
ALHC
ALHC
GLBE
GLBE
Q4 25
-1.0%
Q3 25
0.8%
1.3%
Q2 25
2.2%
-2.1%
Q1 25
-0.6%
-10.1%
Q4 24
-3.2%
Q3 24
-2.8%
-14.9%
Q2 24
-2.7%
-16.6%
Q1 24
-6.5%
-20.1%
Net Margin
ALHC
ALHC
GLBE
GLBE
Q4 25
-1.1%
Q3 25
0.4%
0.9%
Q2 25
1.5%
-1.8%
Q1 25
-1.0%
Q4 24
-4.4%
Q3 24
-3.8%
-15.7%
Q2 24
-3.5%
-17.4%
Q1 24
-7.4%
EPS (diluted)
ALHC
ALHC
GLBE
GLBE
Q4 25
$-0.04
Q3 25
$0.02
Q2 25
$0.07
Q1 25
$-0.05
Q4 24
$-0.15
Q3 24
$-0.14
Q2 24
$-0.13
Q1 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
GLBE
GLBE
Cash + ST InvestmentsLiquidity on hand
$604.2M
$251.4M
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$933.0M
Total Assets
$1.1B
$1.3B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
GLBE
GLBE
Q4 25
$604.2M
Q3 25
$644.1M
$251.4M
Q2 25
$503.8M
$205.2M
Q1 25
$479.5M
$207.7M
Q4 24
$470.6M
Q3 24
$381.0M
$207.3M
Q2 24
$363.7M
$229.8M
Q1 24
$301.7M
$181.9M
Total Debt
ALHC
ALHC
GLBE
GLBE
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
GLBE
GLBE
Q4 25
$179.3M
Q3 25
$161.9M
$933.0M
Q2 25
$141.0M
$909.1M
Q1 25
$108.1M
$884.3M
Q4 24
$99.9M
Q3 24
$114.5M
$869.4M
Q2 24
$123.7M
$878.7M
Q1 24
$130.9M
$886.9M
Total Assets
ALHC
ALHC
GLBE
GLBE
Q4 25
$1.1B
Q3 25
$1.1B
$1.3B
Q2 25
$1.0B
$1.2B
Q1 25
$895.6M
$1.2B
Q4 24
$782.1M
Q3 24
$692.3M
$1.2B
Q2 24
$716.3M
$1.1B
Q1 24
$633.2M
$1.1B
Debt / Equity
ALHC
ALHC
GLBE
GLBE
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
GLBE
GLBE
Operating Cash FlowLast quarter
$-50.4M
Free Cash FlowOCF − Capex
$-55.4M
FCF MarginFCF / Revenue
-5.5%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$113.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
GLBE
GLBE
Q4 25
$-50.4M
Q3 25
$144.6M
Q2 25
$29.1M
Q1 25
$16.6M
Q4 24
$-8.7M
Q3 24
$26.2M
Q2 24
$23.5M
Q1 24
$-6.2M
Free Cash Flow
ALHC
ALHC
GLBE
GLBE
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 24
$-17.4M
FCF Margin
ALHC
ALHC
GLBE
GLBE
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 24
-2.8%
Capex Intensity
ALHC
ALHC
GLBE
GLBE
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 24
1.8%
Cash Conversion
ALHC
ALHC
GLBE
GLBE
Q4 25
Q3 25
38.77×
Q2 25
1.86×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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