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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Hims & Hers Health, Inc. (HIMS). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $617.8M, roughly 1.6× Hims & Hers Health, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs -1.1%, a 4.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 28.4%). Hims & Hers Health, Inc. produced more free cash flow last quarter ($-2.5M vs $-55.4M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 26.9%).
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.
Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.
ALHC vs HIMS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $617.8M |
| Net Profit | $-11.0M | $20.6M |
| Gross Margin | — | 71.9% |
| Operating Margin | -1.0% | 1.5% |
| Net Margin | -1.1% | 3.3% |
| Revenue YoY | 44.4% | 28.4% |
| Net Profit YoY | 64.6% | -20.8% |
| EPS (diluted) | $-0.04 | $0.08 |
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 | $617.8M | ||
| Q3 25 | $993.7M | $599.0M | ||
| Q2 25 | $1.0B | $544.8M | ||
| Q1 25 | $926.9M | $586.0M | ||
| Q4 24 | $701.2M | $481.1M | ||
| Q3 24 | $692.4M | $401.6M | ||
| Q2 24 | $681.3M | $315.6M | ||
| Q1 24 | $628.6M | $278.2M |
| Q4 25 | $-11.0M | $20.6M | ||
| Q3 25 | $3.7M | $15.8M | ||
| Q2 25 | $15.7M | $42.5M | ||
| Q1 25 | $-9.1M | $49.5M | ||
| Q4 24 | $-31.1M | $26.0M | ||
| Q3 24 | $-26.4M | $75.6M | ||
| Q2 24 | $-24.0M | $13.3M | ||
| Q1 24 | $-46.5M | $11.1M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 73.8% | ||
| Q2 25 | — | 76.4% | ||
| Q1 25 | — | 73.5% | ||
| Q4 24 | — | 76.8% | ||
| Q3 24 | — | 79.2% | ||
| Q2 24 | — | 81.3% | ||
| Q1 24 | — | 82.4% |
| Q4 25 | -1.0% | 1.5% | ||
| Q3 25 | 0.8% | 2.0% | ||
| Q2 25 | 2.2% | 4.9% | ||
| Q1 25 | -0.6% | 9.9% | ||
| Q4 24 | -3.2% | 3.9% | ||
| Q3 24 | -2.8% | 5.6% | ||
| Q2 24 | -2.7% | 3.5% | ||
| Q1 24 | -6.5% | 3.6% |
| Q4 25 | -1.1% | 3.3% | ||
| Q3 25 | 0.4% | 2.6% | ||
| Q2 25 | 1.5% | 7.8% | ||
| Q1 25 | -1.0% | 8.4% | ||
| Q4 24 | -4.4% | 5.4% | ||
| Q3 24 | -3.8% | 18.8% | ||
| Q2 24 | -3.5% | 4.2% | ||
| Q1 24 | -7.4% | 4.0% |
| Q4 25 | $-0.04 | $0.08 | ||
| Q3 25 | $0.02 | $0.06 | ||
| Q2 25 | $0.07 | $0.17 | ||
| Q1 25 | $-0.05 | $0.20 | ||
| Q4 24 | $-0.15 | $0.10 | ||
| Q3 24 | $-0.14 | $0.32 | ||
| Q2 24 | $-0.13 | $0.06 | ||
| Q1 24 | $-0.25 | $0.05 |
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 | $228.6M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $540.9M |
| Total Assets | $1.1B | $2.2B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $228.6M | ||
| Q3 25 | $644.1M | $345.8M | ||
| Q2 25 | $503.8M | $1.1B | ||
| Q1 25 | $479.5M | $273.7M | ||
| Q4 24 | $470.6M | $220.6M | ||
| Q3 24 | $381.0M | $165.5M | ||
| Q2 24 | $363.7M | $129.3M | ||
| Q1 24 | $301.7M | $105.2M |
| 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 | $540.9M | ||
| Q3 25 | $161.9M | $581.0M | ||
| Q2 25 | $141.0M | $562.7M | ||
| Q1 25 | $108.1M | $549.3M | ||
| Q4 24 | $99.9M | $476.7M | ||
| Q3 24 | $114.5M | $440.1M | ||
| Q2 24 | $123.7M | $362.0M | ||
| Q1 24 | $130.9M | $344.5M |
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $895.6M | $891.7M | ||
| Q4 24 | $782.1M | $707.5M | ||
| Q3 24 | $692.3M | $602.3M | ||
| Q2 24 | $716.3M | $480.5M | ||
| Q1 24 | $633.2M | $448.1M |
| 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 | $61.3M |
| Free Cash FlowOCF − Capex | $-55.4M | $-2.5M |
| FCF MarginFCF / Revenue | -5.5% | -0.4% |
| Capex IntensityCapex / Revenue | 0.5% | 10.3% |
| Cash ConversionOCF / Net Profit | — | 2.98× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $61.3M | ||
| Q3 25 | $144.6M | $148.7M | ||
| Q2 25 | $29.1M | $-19.1M | ||
| Q1 25 | $16.6M | $109.1M | ||
| Q4 24 | $-8.7M | $86.4M | ||
| Q3 24 | $26.2M | $85.3M | ||
| Q2 24 | $23.5M | $53.6M | ||
| Q1 24 | $-6.2M | $25.8M |
| Q4 25 | $-55.4M | $-2.5M | ||
| Q3 25 | $139.1M | $79.3M | ||
| Q2 25 | $21.1M | $-69.5M | ||
| Q1 25 | $8.4M | $50.1M | ||
| Q4 24 | $-18.0M | $59.5M | ||
| Q3 24 | $16.9M | $79.4M | ||
| Q2 24 | $11.8M | $47.6M | ||
| Q1 24 | $-17.4M | $11.8M |
| Q4 25 | -5.5% | -0.4% | ||
| Q3 25 | 14.0% | 13.2% | ||
| Q2 25 | 2.1% | -12.8% | ||
| Q1 25 | 0.9% | 8.5% | ||
| Q4 24 | -2.6% | 12.4% | ||
| Q3 24 | 2.4% | 19.8% | ||
| Q2 24 | 1.7% | 15.1% | ||
| Q1 24 | -2.8% | 4.3% |
| Q4 25 | 0.5% | 10.3% | ||
| Q3 25 | 0.6% | 11.6% | ||
| Q2 25 | 0.8% | 9.3% | ||
| Q1 25 | 0.9% | 10.1% | ||
| Q4 24 | 1.3% | 5.6% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 1.7% | 1.9% | ||
| Q1 24 | 1.8% | 5.0% |
| Q4 25 | — | 2.98× | ||
| Q3 25 | 38.77× | 9.43× | ||
| Q2 25 | 1.86× | -0.45× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | — | 3.32× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 4.03× | ||
| Q1 24 | — | 2.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
