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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $529.5M, roughly 2.3× KENNAMETAL INC). KENNAMETAL INC runs the higher net margin — 6.4% vs 0.9%, a 5.5% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 1.3%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
ALHC vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $529.5M |
| Net Profit | $11.4M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | — | 9.9% |
| Net Margin | 0.9% | 6.4% |
| Revenue YoY | -74.7% | 9.8% |
| Net Profit YoY | — | 89.0% |
| EPS (diluted) | — | $0.44 |
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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $529.5M | ||
| Q3 25 | $993.7M | $498.0M | ||
| Q2 25 | $1.0B | $516.4M | ||
| Q1 25 | $926.9M | $486.4M | ||
| Q4 24 | $701.2M | $482.1M | ||
| Q3 24 | $692.4M | $481.9M | ||
| Q2 24 | $681.3M | $543.3M |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $33.9M | ||
| Q3 25 | $3.7M | $23.3M | ||
| Q2 25 | $15.7M | $21.6M | ||
| Q1 25 | $-9.1M | $31.5M | ||
| Q4 24 | $-31.1M | $17.9M | ||
| Q3 24 | $-26.4M | $22.1M | ||
| Q2 24 | $-24.0M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.3% | ||
| Q2 24 | — | 31.5% |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 9.9% | ||
| Q3 25 | 0.8% | 7.5% | ||
| Q2 25 | 2.2% | 6.1% | ||
| Q1 25 | -0.6% | 9.1% | ||
| Q4 24 | -3.2% | 6.6% | ||
| Q3 24 | -2.8% | 7.5% | ||
| Q2 24 | -2.7% | 11.3% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 6.4% | ||
| Q3 25 | 0.4% | 4.7% | ||
| Q2 25 | 1.5% | 4.2% | ||
| Q1 25 | -1.0% | 6.5% | ||
| Q4 24 | -4.4% | 3.7% | ||
| Q3 24 | -3.8% | 4.6% | ||
| Q2 24 | -3.5% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $0.44 | ||
| Q3 25 | $0.02 | $0.30 | ||
| Q2 25 | $0.07 | $0.28 | ||
| Q1 25 | $-0.05 | $0.41 | ||
| Q4 24 | $-0.15 | $0.23 | ||
| Q3 24 | $-0.14 | $0.28 | ||
| Q2 24 | $-0.13 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $705.6M | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $206.9M | $1.3B |
| Total Assets | $1.3B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $129.3M | ||
| Q3 25 | $644.1M | $103.5M | ||
| Q2 25 | $503.8M | $140.5M | ||
| Q1 25 | $479.5M | $97.5M | ||
| Q4 24 | $470.6M | $121.2M | ||
| Q3 24 | $381.0M | $119.6M | ||
| Q2 24 | $363.7M | $128.0M |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $597.2M | ||
| Q3 25 | $322.7M | $597.0M | ||
| Q2 25 | $322.3M | $596.8M | ||
| Q1 25 | $321.9M | $596.6M | ||
| Q4 24 | $321.4M | $596.4M | ||
| Q3 24 | $212.0M | $596.2M | ||
| Q2 24 | $211.7M | $596.0M |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $1.3B | ||
| Q3 25 | $161.9M | $1.3B | ||
| Q2 25 | $141.0M | $1.3B | ||
| Q1 25 | $108.1M | $1.2B | ||
| Q4 24 | $99.9M | $1.2B | ||
| Q3 24 | $114.5M | $1.3B | ||
| Q2 24 | $123.7M | $1.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $2.6B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | $895.6M | $2.5B | ||
| Q4 24 | $782.1M | $2.4B | ||
| Q3 24 | $692.3M | $2.5B | ||
| Q2 24 | $716.3M | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.45× | ||
| Q3 25 | 1.99× | 0.46× | ||
| Q2 25 | 2.29× | 0.46× | ||
| Q1 25 | 2.98× | 0.48× | ||
| Q4 24 | 3.22× | 0.49× | ||
| Q3 24 | 1.85× | 0.47× | ||
| Q2 24 | 1.71× | 0.48× |
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 | $128.7M | $55.1M |
| Free Cash FlowOCF − Capex | — | $42.4M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 11.27× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $55.1M | ||
| Q3 25 | $144.6M | $17.5M | ||
| Q2 25 | $29.1M | $78.6M | ||
| Q1 25 | $16.6M | $28.8M | ||
| Q4 24 | $-8.7M | $55.2M | ||
| Q3 24 | $26.2M | $45.7M | ||
| Q2 24 | $23.5M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $42.4M | ||
| Q3 25 | $139.1M | $-5.5M | ||
| Q2 25 | $21.1M | $57.1M | ||
| Q1 25 | $8.4M | $5.3M | ||
| Q4 24 | $-18.0M | $35.9M | ||
| Q3 24 | $16.9M | $21.0M | ||
| Q2 24 | $11.8M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 8.0% | ||
| Q3 25 | 14.0% | -1.1% | ||
| Q2 25 | 2.1% | 11.1% | ||
| Q1 25 | 0.9% | 1.1% | ||
| Q4 24 | -2.6% | 7.5% | ||
| Q3 24 | 2.4% | 4.4% | ||
| Q2 24 | 1.7% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 2.4% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.8% | 4.2% | ||
| Q1 25 | 0.9% | 4.8% | ||
| Q4 24 | 1.3% | 4.0% | ||
| Q3 24 | 1.3% | 5.1% | ||
| Q2 24 | 1.7% | 4.3% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | 38.77× | 0.75× | ||
| Q2 25 | 1.86× | 3.64× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | 3.08× | ||
| Q3 24 | — | 2.07× | ||
| Q2 24 | — | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
