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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Hudbay Minerals Inc. (HBM). Click either name above to swap in a different company.

Hudbay Minerals Inc. is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.6× Alignment Healthcare, Inc.). Hudbay Minerals Inc. runs the higher net margin — 3.4% vs 0.9%, a 2.4% 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.

Hudbay Minerals Inc. is a Canadian mining company that produces copper, gold, silver, zinc, and molybdenum. In 2024, the company produced 137,943 tonnes of copper, 332,240 ounces of gold, 3,983,851 ounces of silver, 33,339 tonnes of zinc, and 1,323 tonnes of molybdenum. In 2024, copper sales represented 57% of revenue, gold sales represented 33% of revenue, and zinc sales represented 4% of revenue.

ALHC vs HBM — Head-to-Head

Bigger by revenue
HBM
HBM
1.6× larger
HBM
$2.0B
$1.2B
ALHC
Higher net margin
HBM
HBM
2.4% more per $
HBM
3.4%
0.9%
ALHC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALHC
ALHC
HBM
HBM
Revenue
$1.2B
$2.0B
Net Profit
$11.4M
$67.8M
Gross Margin
27.4%
Operating Margin
Net Margin
0.9%
3.4%
Revenue YoY
-74.7%
Net Profit YoY
EPS (diluted)

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
HBM
HBM
Q1 26
$1.2B
$2.0B
Q4 25
$1.0B
Q3 25
$993.7M
Q2 25
$1.0B
Q1 25
$926.9M
$525.0M
Q4 24
$701.2M
$1.4B
Q3 24
$692.4M
Q2 24
$681.3M
Net Profit
ALHC
ALHC
HBM
HBM
Q1 26
$11.4M
$67.8M
Q4 25
$-11.0M
Q3 25
$3.7M
Q2 25
$15.7M
Q1 25
$-9.1M
$18.5M
Q4 24
$-31.1M
Q3 24
$-26.4M
Q2 24
$-24.0M
Gross Margin
ALHC
ALHC
HBM
HBM
Q1 26
27.4%
Q4 25
Q3 25
Q2 25
Q1 25
29.0%
Q4 24
Q3 24
Q2 24
Operating Margin
ALHC
ALHC
HBM
HBM
Q1 26
Q4 25
-1.0%
Q3 25
0.8%
Q2 25
2.2%
Q1 25
-0.6%
Q4 24
-3.2%
Q3 24
-2.8%
Q2 24
-2.7%
Net Margin
ALHC
ALHC
HBM
HBM
Q1 26
0.9%
3.4%
Q4 25
-1.1%
Q3 25
0.4%
Q2 25
1.5%
Q1 25
-1.0%
3.5%
Q4 24
-4.4%
Q3 24
-3.8%
Q2 24
-3.5%
EPS (diluted)
ALHC
ALHC
HBM
HBM
Q1 26
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

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
HBM
HBM
Cash + ST InvestmentsLiquidity on hand
$705.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
Total Assets
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
HBM
HBM
Q1 26
$705.6M
Q4 25
$604.2M
Q3 25
$644.1M
Q2 25
$503.8M
Q1 25
$479.5M
Q4 24
$470.6M
Q3 24
$381.0M
Q2 24
$363.7M
Total Debt
ALHC
ALHC
HBM
HBM
Q1 26
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
Stockholders' Equity
ALHC
ALHC
HBM
HBM
Q1 26
$206.9M
Q4 25
$179.3M
Q3 25
$161.9M
Q2 25
$141.0M
Q1 25
$108.1M
Q4 24
$99.9M
Q3 24
$114.5M
Q2 24
$123.7M
Total Assets
ALHC
ALHC
HBM
HBM
Q1 26
$1.3B
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$895.6M
Q4 24
$782.1M
Q3 24
$692.3M
Q2 24
$716.3M
Debt / Equity
ALHC
ALHC
HBM
HBM
Q1 26
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×

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
HBM
HBM
Operating Cash FlowLast quarter
$128.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.27×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
HBM
HBM
Q1 26
$128.7M
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
Free Cash Flow
ALHC
ALHC
HBM
HBM
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
FCF Margin
ALHC
ALHC
HBM
HBM
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%
Capex Intensity
ALHC
ALHC
HBM
HBM
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%
Cash Conversion
ALHC
ALHC
HBM
HBM
Q1 26
11.27×
Q4 25
Q3 25
38.77×
Q2 25
1.86×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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