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

Alliant Energy is the larger business by last-quarter revenue ($1.1B vs $1.0B, roughly 1.0× Alignment Healthcare, Inc.). Alliant Energy runs the higher net margin — 13.4% vs -1.1%, a 14.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 9.0%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 1.5%).

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.

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinoi...

ALHC vs LNT — Head-to-Head

Bigger by revenue
LNT
LNT
1.0× larger
LNT
$1.1B
$1.0B
ALHC
Growing faster (revenue YoY)
ALHC
ALHC
+35.4% gap
ALHC
44.4%
9.0%
LNT
Higher net margin
LNT
LNT
14.4% more per $
LNT
13.4%
-1.1%
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
1.5%
LNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALHC
ALHC
LNT
LNT
Revenue
$1.0B
$1.1B
Net Profit
$-11.0M
$142.0M
Gross Margin
85.9%
Operating Margin
-1.0%
18.4%
Net Margin
-1.1%
13.4%
Revenue YoY
44.4%
9.0%
Net Profit YoY
64.6%
-5.3%
EPS (diluted)
$-0.04
$0.54

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
LNT
LNT
Q4 25
$1.0B
$1.1B
Q3 25
$993.7M
$1.2B
Q2 25
$1.0B
$961.0M
Q1 25
$926.9M
$1.1B
Q4 24
$701.2M
$975.0M
Q3 24
$692.4M
$1.1B
Q2 24
$681.3M
$894.0M
Q1 24
$628.6M
$1.0B
Net Profit
ALHC
ALHC
LNT
LNT
Q4 25
$-11.0M
$142.0M
Q3 25
$3.7M
$281.0M
Q2 25
$15.7M
$174.0M
Q1 25
$-9.1M
$213.0M
Q4 24
$-31.1M
$150.0M
Q3 24
$-26.4M
$295.0M
Q2 24
$-24.0M
$87.0M
Q1 24
$-46.5M
$158.0M
Gross Margin
ALHC
ALHC
LNT
LNT
Q4 25
85.9%
Q3 25
86.3%
Q2 25
84.3%
Q1 25
86.0%
Q4 24
84.7%
Q3 24
84.7%
Q2 24
83.6%
Q1 24
85.3%
Operating Margin
ALHC
ALHC
LNT
LNT
Q4 25
-1.0%
18.4%
Q3 25
0.8%
28.8%
Q2 25
2.2%
23.2%
Q1 25
-0.6%
22.8%
Q4 24
-3.2%
22.7%
Q3 24
-2.8%
29.0%
Q2 24
-2.7%
14.5%
Q1 24
-6.5%
21.5%
Net Margin
ALHC
ALHC
LNT
LNT
Q4 25
-1.1%
13.4%
Q3 25
0.4%
23.2%
Q2 25
1.5%
18.1%
Q1 25
-1.0%
18.9%
Q4 24
-4.4%
15.4%
Q3 24
-3.8%
27.3%
Q2 24
-3.5%
9.7%
Q1 24
-7.4%
15.3%
EPS (diluted)
ALHC
ALHC
LNT
LNT
Q4 25
$-0.04
$0.54
Q3 25
$0.02
$1.09
Q2 25
$0.07
$0.68
Q1 25
$-0.05
$0.83
Q4 24
$-0.15
$0.58
Q3 24
$-0.14
$1.15
Q2 24
$-0.13
$0.34
Q1 24
$-0.25
$0.62

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
LNT
LNT
Cash + ST InvestmentsLiquidity on hand
$604.2M
$556.0M
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$7.3B
Total Assets
$1.1B
$25.0B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
LNT
LNT
Q4 25
$604.2M
$556.0M
Q3 25
$644.1M
$753.0M
Q2 25
$503.8M
$329.0M
Q1 25
$479.5M
$25.0M
Q4 24
$470.6M
$81.0M
Q3 24
$381.0M
$827.0M
Q2 24
$363.7M
$92.0M
Q1 24
$301.7M
$32.0M
Total Debt
ALHC
ALHC
LNT
LNT
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
Stockholders' Equity
ALHC
ALHC
LNT
LNT
Q4 25
$179.3M
$7.3B
Q3 25
$161.9M
$7.3B
Q2 25
$141.0M
$7.1B
Q1 25
$108.1M
$7.1B
Q4 24
$99.9M
$7.0B
Q3 24
$114.5M
$7.0B
Q2 24
$123.7M
$6.8B
Q1 24
$130.9M
$6.8B
Total Assets
ALHC
ALHC
LNT
LNT
Q4 25
$1.1B
$25.0B
Q3 25
$1.1B
$24.6B
Q2 25
$1.0B
$23.8B
Q1 25
$895.6M
$22.9B
Q4 24
$782.1M
$22.7B
Q3 24
$692.3M
$22.8B
Q2 24
$716.3M
$21.8B
Q1 24
$633.2M
$21.2B
Debt / Equity
ALHC
ALHC
LNT
LNT
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
ALHC
ALHC
LNT
LNT
Operating Cash FlowLast quarter
$-50.4M
$269.0M
Free Cash FlowOCF − Capex
$-55.4M
FCF MarginFCF / Revenue
-5.5%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$113.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
LNT
LNT
Q4 25
$-50.4M
$269.0M
Q3 25
$144.6M
$408.0M
Q2 25
$29.1M
$243.0M
Q1 25
$16.6M
$249.0M
Q4 24
$-8.7M
$254.0M
Q3 24
$26.2M
$351.0M
Q2 24
$23.5M
$255.0M
Q1 24
$-6.2M
$307.0M
Free Cash Flow
ALHC
ALHC
LNT
LNT
Q4 25
$-55.4M
Q3 25
$139.1M
$-103.0M
Q2 25
$21.1M
$-179.0M
Q1 25
$8.4M
$-305.0M
Q4 24
$-18.0M
Q3 24
$16.9M
$-59.0M
Q2 24
$11.8M
$-137.0M
Q1 24
$-17.4M
$-171.0M
FCF Margin
ALHC
ALHC
LNT
LNT
Q4 25
-5.5%
Q3 25
14.0%
-8.5%
Q2 25
2.1%
-18.6%
Q1 25
0.9%
-27.0%
Q4 24
-2.6%
Q3 24
2.4%
-5.5%
Q2 24
1.7%
-15.3%
Q1 24
-2.8%
-16.6%
Capex Intensity
ALHC
ALHC
LNT
LNT
Q4 25
0.5%
Q3 25
0.6%
42.2%
Q2 25
0.8%
43.9%
Q1 25
0.9%
49.1%
Q4 24
1.3%
Q3 24
1.3%
37.9%
Q2 24
1.7%
43.8%
Q1 24
1.8%
46.4%
Cash Conversion
ALHC
ALHC
LNT
LNT
Q4 25
1.89×
Q3 25
38.77×
1.45×
Q2 25
1.86×
1.40×
Q1 25
1.17×
Q4 24
1.69×
Q3 24
1.19×
Q2 24
2.93×
Q1 24
1.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

LNT
LNT

Retail Residential$313.0M29%
Retail Industrial$251.0M24%
Retail Commercial$226.0M21%
Gas$158.0M15%
Other Customer$43.0M4%
Wholesale$36.0M3%
Other Utility$15.0M1%
Steam$9.0M1%

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