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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Hilton Grand Vacations Inc. (HGV). Click either name above to swap in a different company.

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× Hilton Grand Vacations Inc.). Hilton Grand Vacations Inc. runs the higher net margin — 4.0% vs 0.9%, a 3.1% gap on every dollar of revenue. On growth, Hilton Grand Vacations Inc. posted the faster year-over-year revenue change (3.7% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 7.4%).

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.

Hilton Grand Vacations Inc. is a multi-national company that is based in Orlando, Florida, United States. It manages and operates the Hilton Worldwide timeshare and vacation ownership brands under an exclusive licensing agreement with Hilton Worldwide. HGV was formerly a wholly owned subsidiary of Hilton Worldwide until it was spun off into a publicly traded company in 2017. Even though HGV is an independent company post spin-off, Hilton Worldwide still retains full ownership of the Hilton Gr...

ALHC vs HGV — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.0× larger
ALHC
$1.2B
$1.2B
HGV
Growing faster (revenue YoY)
HGV
HGV
+78.5% gap
HGV
3.7%
-74.7%
ALHC
Higher net margin
HGV
HGV
3.1% more per $
HGV
4.0%
0.9%
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
34.6%
7.4%
HGV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALHC
ALHC
HGV
HGV
Revenue
$1.2B
$1.2B
Net Profit
$11.4M
$48.0M
Gross Margin
Operating Margin
7.8%
Net Margin
0.9%
4.0%
Revenue YoY
-74.7%
3.7%
Net Profit YoY
140.0%
EPS (diluted)
$0.53

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
HGV
HGV
Q1 26
$1.2B
Q4 25
$1.0B
$1.2B
Q3 25
$993.7M
$1.2B
Q2 25
$1.0B
$1.1B
Q1 25
$926.9M
$1.0B
Q4 24
$701.2M
$1.1B
Q3 24
$692.4M
$1.2B
Q2 24
$681.3M
$1.1B
Net Profit
ALHC
ALHC
HGV
HGV
Q1 26
$11.4M
Q4 25
$-11.0M
$48.0M
Q3 25
$3.7M
$25.0M
Q2 25
$15.7M
$25.0M
Q1 25
$-9.1M
$-17.0M
Q4 24
$-31.1M
$20.0M
Q3 24
$-26.4M
$29.0M
Q2 24
$-24.0M
$2.0M
Operating Margin
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
-1.0%
7.8%
Q3 25
0.8%
3.9%
Q2 25
2.2%
3.8%
Q1 25
-0.6%
-0.6%
Q4 24
-3.2%
4.3%
Q3 24
-2.8%
7.9%
Q2 24
-2.7%
0.6%
Net Margin
ALHC
ALHC
HGV
HGV
Q1 26
0.9%
Q4 25
-1.1%
4.0%
Q3 25
0.4%
2.1%
Q2 25
1.5%
2.2%
Q1 25
-1.0%
-1.7%
Q4 24
-4.4%
1.7%
Q3 24
-3.8%
2.5%
Q2 24
-3.5%
0.2%
EPS (diluted)
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
$-0.04
$0.53
Q3 25
$0.02
$0.28
Q2 25
$0.07
$0.25
Q1 25
$-0.05
$-0.17
Q4 24
$-0.15
$0.19
Q3 24
$-0.14
$0.28
Q2 24
$-0.13
$0.02

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
HGV
HGV
Cash + ST InvestmentsLiquidity on hand
$705.6M
$239.0M
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$206.9M
$1.3B
Total Assets
$1.3B
$11.5B
Debt / EquityLower = less leverage
3.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
HGV
HGV
Q1 26
$705.6M
Q4 25
$604.2M
$239.0M
Q3 25
$644.1M
$215.0M
Q2 25
$503.8M
$269.0M
Q1 25
$479.5M
$259.0M
Q4 24
$470.6M
$328.0M
Q3 24
$381.0M
$297.0M
Q2 24
$363.7M
$328.0M
Total Debt
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
$323.2M
$4.5B
Q3 25
$322.7M
$4.7B
Q2 25
$322.3M
$4.6B
Q1 25
$321.9M
$4.5B
Q4 24
$321.4M
$4.6B
Q3 24
$212.0M
$5.0B
Q2 24
$211.7M
$4.9B
Stockholders' Equity
ALHC
ALHC
HGV
HGV
Q1 26
$206.9M
Q4 25
$179.3M
$1.3B
Q3 25
$161.9M
$1.4B
Q2 25
$141.0M
$1.5B
Q1 25
$108.1M
$1.6B
Q4 24
$99.9M
$1.8B
Q3 24
$114.5M
$1.8B
Q2 24
$123.7M
$1.9B
Total Assets
ALHC
ALHC
HGV
HGV
Q1 26
$1.3B
Q4 25
$1.1B
$11.5B
Q3 25
$1.1B
$11.7B
Q2 25
$1.0B
$11.7B
Q1 25
$895.6M
$11.8B
Q4 24
$782.1M
$11.4B
Q3 24
$692.3M
$11.2B
Q2 24
$716.3M
$11.5B
Debt / Equity
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
1.80×
3.53×
Q3 25
1.99×
3.41×
Q2 25
2.29×
3.07×
Q1 25
2.98×
2.83×
Q4 24
3.22×
2.63×
Q3 24
1.85×
2.73×
Q2 24
1.71×
2.55×

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
HGV
HGV
Operating Cash FlowLast quarter
$128.7M
$167.0M
Free Cash FlowOCF − Capex
$147.0M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
11.27×
3.48×
TTM Free Cash FlowTrailing 4 quarters
$230.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
HGV
HGV
Q1 26
$128.7M
Q4 25
$-50.4M
$167.0M
Q3 25
$144.6M
$34.0M
Q2 25
$29.1M
$61.0M
Q1 25
$16.6M
$38.0M
Q4 24
$-8.7M
$105.0M
Q3 24
$26.2M
$91.0M
Q2 24
$23.5M
$113.0M
Free Cash Flow
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
$-55.4M
$147.0M
Q3 25
$139.1M
$13.0M
Q2 25
$21.1M
$46.0M
Q1 25
$8.4M
$24.0M
Q4 24
$-18.0M
$90.0M
Q3 24
$16.9M
$81.0M
Q2 24
$11.8M
$106.0M
FCF Margin
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
-5.5%
12.3%
Q3 25
14.0%
1.1%
Q2 25
2.1%
4.0%
Q1 25
0.9%
2.4%
Q4 24
-2.6%
7.8%
Q3 24
2.4%
6.9%
Q2 24
1.7%
9.6%
Capex Intensity
ALHC
ALHC
HGV
HGV
Q1 26
Q4 25
0.5%
1.7%
Q3 25
0.6%
1.8%
Q2 25
0.8%
1.3%
Q1 25
0.9%
1.4%
Q4 24
1.3%
1.3%
Q3 24
1.3%
0.9%
Q2 24
1.7%
0.6%
Cash Conversion
ALHC
ALHC
HGV
HGV
Q1 26
11.27×
Q4 25
3.48×
Q3 25
38.77×
1.36×
Q2 25
1.86×
2.44×
Q1 25
Q4 24
5.25×
Q3 24
3.14×
Q2 24
56.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

HGV
HGV

Sales Of Vacation Ownership Intervals Net$492.0M41%
Fee For Services Commissions Package Sales And Other Fees$169.0M14%
Cost Reimbursements$141.0M12%
Resort Management$118.0M10%
Other$116.0M10%
Club Management$101.0M8%
Related Party$42.0M4%
Ancillary Services$13.0M1%

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