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

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $971.6M, roughly 1.3× iQIYI, Inc.).

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.

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

ALHC vs IQ — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.3× larger
ALHC
$1.2B
$971.6M
IQ

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALHC
ALHC
IQ
IQ
Revenue
$1.2B
$971.6M
Net Profit
$11.4M
Gross Margin
Operating Margin
0.8%
Net Margin
0.9%
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
IQ
IQ
Q1 26
$1.2B
$971.6M
Q4 25
$1.0B
Q3 25
$993.7M
Q2 25
$1.0B
Q1 25
$926.9M
$906.0M
Q4 24
$701.2M
Q3 24
$692.4M
Q2 24
$681.3M
Net Profit
ALHC
ALHC
IQ
IQ
Q1 26
$11.4M
Q4 25
$-11.0M
Q3 25
$3.7M
Q2 25
$15.7M
Q1 25
$-9.1M
Q4 24
$-31.1M
Q3 24
$-26.4M
Q2 24
$-24.0M
Operating Margin
ALHC
ALHC
IQ
IQ
Q1 26
0.8%
Q4 25
-1.0%
Q3 25
0.8%
Q2 25
2.2%
Q1 25
-0.6%
4.3%
Q4 24
-3.2%
Q3 24
-2.8%
Q2 24
-2.7%
Net Margin
ALHC
ALHC
IQ
IQ
Q1 26
0.9%
Q4 25
-1.1%
Q3 25
0.4%
Q2 25
1.5%
Q1 25
-1.0%
Q4 24
-4.4%
Q3 24
-3.8%
Q2 24
-3.5%
EPS (diluted)
ALHC
ALHC
IQ
IQ
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
IQ
IQ
Cash + ST InvestmentsLiquidity on hand
$705.6M
$4.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
$13.3M
Total Assets
$1.3B
$46.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
IQ
IQ
Q1 26
$705.6M
$4.4M
Q4 25
$604.2M
Q3 25
$644.1M
Q2 25
$503.8M
Q1 25
$479.5M
$3.5M
Q4 24
$470.6M
Q3 24
$381.0M
Q2 24
$363.7M
Total Debt
ALHC
ALHC
IQ
IQ
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
IQ
IQ
Q1 26
$206.9M
$13.3M
Q4 25
$179.3M
Q3 25
$161.9M
Q2 25
$141.0M
Q1 25
$108.1M
$13.4M
Q4 24
$99.9M
Q3 24
$114.5M
Q2 24
$123.7M
Total Assets
ALHC
ALHC
IQ
IQ
Q1 26
$1.3B
$46.7M
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$895.6M
$45.8M
Q4 24
$782.1M
Q3 24
$692.3M
Q2 24
$716.3M
Debt / Equity
ALHC
ALHC
IQ
IQ
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
IQ
IQ
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
IQ
IQ
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
IQ
IQ
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
IQ
IQ
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
IQ
IQ
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
IQ
IQ
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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