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

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $550.2M, roughly 2.2× Hillenbrand, Inc.). Alignment Healthcare, Inc. runs the higher net margin — 0.9% vs -0.4%, a 1.3% gap on every dollar of revenue. On growth, Hillenbrand, Inc. posted the faster year-over-year revenue change (-22.2% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs -16.3%).

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.

Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.

ALHC vs HI — Head-to-Head

Bigger by revenue
ALHC
ALHC
2.2× larger
ALHC
$1.2B
$550.2M
HI
Growing faster (revenue YoY)
HI
HI
+52.6% gap
HI
-22.2%
-74.7%
ALHC
Higher net margin
ALHC
ALHC
1.3% more per $
ALHC
0.9%
-0.4%
HI
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
34.6%
-16.3%
HI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALHC
ALHC
HI
HI
Revenue
$1.2B
$550.2M
Net Profit
$11.4M
$-2.2M
Gross Margin
33.4%
Operating Margin
-2.2%
Net Margin
0.9%
-0.4%
Revenue YoY
-74.7%
-22.2%
Net Profit YoY
-134.4%
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
HI
HI
Q1 26
$1.2B
Q4 25
$1.0B
$550.2M
Q3 25
$993.7M
$652.1M
Q2 25
$1.0B
$598.9M
Q1 25
$926.9M
$715.9M
Q4 24
$701.2M
$706.9M
Q3 24
$692.4M
$837.6M
Q2 24
$681.3M
$786.6M
Net Profit
ALHC
ALHC
HI
HI
Q1 26
$11.4M
Q4 25
$-11.0M
$-2.2M
Q3 25
$3.7M
$75.7M
Q2 25
$15.7M
$1.9M
Q1 25
$-9.1M
$-40.9M
Q4 24
$-31.1M
$6.4M
Q3 24
$-26.4M
$14.6M
Q2 24
$-24.0M
$-248.9M
Gross Margin
ALHC
ALHC
HI
HI
Q1 26
Q4 25
33.4%
Q3 25
34.8%
Q2 25
33.8%
Q1 25
33.0%
Q4 24
33.2%
Q3 24
34.4%
Q2 24
33.9%
Operating Margin
ALHC
ALHC
HI
HI
Q1 26
Q4 25
-1.0%
-2.2%
Q3 25
0.8%
Q2 25
2.2%
1.8%
Q1 25
-0.6%
-6.2%
Q4 24
-3.2%
2.2%
Q3 24
-2.8%
Q2 24
-2.7%
-32.7%
Net Margin
ALHC
ALHC
HI
HI
Q1 26
0.9%
Q4 25
-1.1%
-0.4%
Q3 25
0.4%
11.6%
Q2 25
1.5%
0.3%
Q1 25
-1.0%
-5.7%
Q4 24
-4.4%
0.9%
Q3 24
-3.8%
1.7%
Q2 24
-3.5%
-31.6%
EPS (diluted)
ALHC
ALHC
HI
HI
Q1 26
Q4 25
$-0.04
Q3 25
$0.02
$1.07
Q2 25
$0.07
$0.03
Q1 25
$-0.05
$-0.58
Q4 24
$-0.15
$0.09
Q3 24
$-0.14
$0.20
Q2 24
$-0.13
$-3.53

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
HI
HI
Cash + ST InvestmentsLiquidity on hand
$705.6M
$173.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
$1.4B
Total Assets
$1.3B
$4.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
HI
HI
Q1 26
$705.6M
Q4 25
$604.2M
$173.1M
Q3 25
$644.1M
$164.8M
Q2 25
$503.8M
$162.8M
Q1 25
$479.5M
$458.4M
Q4 24
$470.6M
$208.0M
Q3 24
$381.0M
$199.3M
Q2 24
$363.7M
$223.8M
Total Debt
ALHC
ALHC
HI
HI
Q1 26
Q4 25
$323.2M
Q3 25
$322.7M
$1.5B
Q2 25
$322.3M
$1.7B
Q1 25
$321.9M
$1.9B
Q4 24
$321.4M
$1.9B
Q3 24
$212.0M
$1.9B
Q2 24
$211.7M
$2.1B
Stockholders' Equity
ALHC
ALHC
HI
HI
Q1 26
$206.9M
Q4 25
$179.3M
$1.4B
Q3 25
$161.9M
$1.4B
Q2 25
$141.0M
$1.3B
Q1 25
$108.1M
$1.3B
Q4 24
$99.9M
$1.4B
Q3 24
$114.5M
$1.4B
Q2 24
$123.7M
$1.4B
Total Assets
ALHC
ALHC
HI
HI
Q1 26
$1.3B
Q4 25
$1.1B
$4.5B
Q3 25
$1.1B
$4.5B
Q2 25
$1.0B
$4.7B
Q1 25
$895.6M
$4.8B
Q4 24
$782.1M
$5.1B
Q3 24
$692.3M
$5.2B
Q2 24
$716.3M
$5.3B
Debt / Equity
ALHC
ALHC
HI
HI
Q1 26
Q4 25
1.80×
Q3 25
1.99×
1.10×
Q2 25
2.29×
1.27×
Q1 25
2.98×
1.44×
Q4 24
3.22×
1.38×
Q3 24
1.85×
1.33×
Q2 24
1.71×
1.48×

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
HI
HI
Operating Cash FlowLast quarter
$128.7M
$-27.4M
Free Cash FlowOCF − Capex
$-31.6M
FCF MarginFCF / Revenue
-5.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
11.27×
TTM Free Cash FlowTrailing 4 quarters
$7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
HI
HI
Q1 26
$128.7M
Q4 25
$-50.4M
$-27.4M
Q3 25
$144.6M
$67.7M
Q2 25
$29.1M
$-1.5M
Q1 25
$16.6M
$1.3M
Q4 24
$-8.7M
$-11.3M
Q3 24
$26.2M
$166.5M
Q2 24
$23.5M
$45.6M
Free Cash Flow
ALHC
ALHC
HI
HI
Q1 26
Q4 25
$-55.4M
$-31.6M
Q3 25
$139.1M
$58.6M
Q2 25
$21.1M
$-11.2M
Q1 25
$8.4M
$-8.0M
Q4 24
$-18.0M
$-21.5M
Q3 24
$16.9M
$153.4M
Q2 24
$11.8M
$29.7M
FCF Margin
ALHC
ALHC
HI
HI
Q1 26
Q4 25
-5.5%
-5.7%
Q3 25
14.0%
9.0%
Q2 25
2.1%
-1.9%
Q1 25
0.9%
-1.1%
Q4 24
-2.6%
-3.0%
Q3 24
2.4%
18.3%
Q2 24
1.7%
3.8%
Capex Intensity
ALHC
ALHC
HI
HI
Q1 26
Q4 25
0.5%
0.8%
Q3 25
0.6%
1.4%
Q2 25
0.8%
1.6%
Q1 25
0.9%
1.3%
Q4 24
1.3%
1.4%
Q3 24
1.3%
1.6%
Q2 24
1.7%
2.0%
Cash Conversion
ALHC
ALHC
HI
HI
Q1 26
11.27×
Q4 25
Q3 25
38.77×
0.89×
Q2 25
1.86×
-0.79×
Q1 25
Q4 24
-1.77×
Q3 24
11.40×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

HI
HI

Transferred At Point In Time$256.5M47%
Transferred Over Time$207.1M38%
Molding Technology Solutions$86.6M16%

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