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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs 0.9%, a 1.3% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
ALHC vs LBRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $11.4M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | — | 2.2% |
| Net Margin | 0.9% | 2.2% |
| Revenue YoY | -74.7% | 4.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.14 |
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 | $1.0B | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $993.7M | $947.4M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $926.9M | $977.5M | ||
| Q4 24 | $701.2M | $943.6M | ||
| Q3 24 | $692.4M | $1.1B | ||
| Q2 24 | $681.3M | $1.2B |
| Q1 26 | $11.4M | $22.6M | ||
| Q4 25 | $-11.0M | $13.7M | ||
| Q3 25 | $3.7M | $43.1M | ||
| Q2 25 | $15.7M | $71.0M | ||
| Q1 25 | $-9.1M | $20.1M | ||
| Q4 24 | $-31.1M | $51.9M | ||
| Q3 24 | $-26.4M | $73.8M | ||
| Q2 24 | $-24.0M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -1.0% | 1.9% | ||
| Q3 25 | 0.8% | -0.3% | ||
| Q2 25 | 2.2% | 3.6% | ||
| Q1 25 | -0.6% | 1.9% | ||
| Q4 24 | -3.2% | 2.6% | ||
| Q3 24 | -2.8% | 9.4% | ||
| Q2 24 | -2.7% | 12.2% |
| Q1 26 | 0.9% | 2.2% | ||
| Q4 25 | -1.1% | 1.3% | ||
| Q3 25 | 0.4% | 4.5% | ||
| Q2 25 | 1.5% | 6.8% | ||
| Q1 25 | -1.0% | 2.1% | ||
| Q4 24 | -4.4% | 5.5% | ||
| Q3 24 | -3.8% | 6.5% | ||
| Q2 24 | -3.5% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-0.04 | $0.08 | ||
| Q3 25 | $0.02 | $0.26 | ||
| Q2 25 | $0.07 | $0.43 | ||
| Q1 25 | $-0.05 | $0.12 | ||
| Q4 24 | $-0.15 | $0.31 | ||
| Q3 24 | $-0.14 | $0.44 | ||
| Q2 24 | $-0.13 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | — | $7.1M |
| Stockholders' EquityBook value | $206.9M | $1.9B |
| Total Assets | $1.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | $699.1M | ||
| Q4 25 | $604.2M | $27.6M | ||
| Q3 25 | $644.1M | $13.5M | ||
| Q2 25 | $503.8M | $19.6M | ||
| Q1 25 | $479.5M | $24.1M | ||
| Q4 24 | $470.6M | $20.0M | ||
| Q3 24 | $381.0M | $23.0M | ||
| Q2 24 | $363.7M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $323.2M | $246.6M | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | $190.5M | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
| Q1 26 | $206.9M | $1.9B | ||
| Q4 25 | $179.3M | $2.1B | ||
| Q3 25 | $161.9M | $2.1B | ||
| Q2 25 | $141.0M | $2.0B | ||
| Q1 25 | $108.1M | $2.0B | ||
| Q4 24 | $99.9M | $2.0B | ||
| Q3 24 | $114.5M | $2.0B | ||
| Q2 24 | $123.7M | $1.9B |
| Q1 26 | $1.3B | $4.4B | ||
| Q4 25 | $1.1B | $3.6B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | $895.6M | $3.4B | ||
| Q4 24 | $782.1M | $3.3B | ||
| Q3 24 | $692.3M | $3.3B | ||
| Q2 24 | $716.3M | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.80× | 0.12× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | 0.10× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.7M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 13.1% |
| Cash ConversionOCF / Net Profit | 11.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $195.4M | ||
| Q3 25 | $144.6M | $51.5M | ||
| Q2 25 | $29.1M | $170.6M | ||
| Q1 25 | $16.6M | $192.1M | ||
| Q4 24 | $-8.7M | $177.3M | ||
| Q3 24 | $26.2M | $244.5M | ||
| Q2 24 | $23.5M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $-10.0M | ||
| Q3 25 | $139.1M | $-67.2M | ||
| Q2 25 | $21.1M | $33.1M | ||
| Q1 25 | $8.4M | $58.2M | ||
| Q4 24 | $-18.0M | $-26.2M | ||
| Q3 24 | $16.9M | $77.9M | ||
| Q2 24 | $11.8M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -1.0% | ||
| Q3 25 | 14.0% | -7.1% | ||
| Q2 25 | 2.1% | 3.2% | ||
| Q1 25 | 0.9% | 6.0% | ||
| Q4 24 | -2.6% | -2.8% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | 1.7% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 0.5% | 19.8% | ||
| Q3 25 | 0.6% | 12.5% | ||
| Q2 25 | 0.8% | 13.2% | ||
| Q1 25 | 0.9% | 13.7% | ||
| Q4 24 | 1.3% | 21.6% | ||
| Q3 24 | 1.3% | 14.6% | ||
| Q2 24 | 1.7% | 11.7% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 38.77× | 1.20× | ||
| Q2 25 | 1.86× | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | — | 3.42× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
