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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $555.6M, roughly 1.8× Mid-America Apartment Communities). Mid-America Apartment Communities runs the higher net margin — 10.4% vs -1.1%, a 11.4% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 1.0%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 1.1%).
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.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
ALHC vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $555.6M |
| Net Profit | $-11.0M | $57.6M |
| Gross Margin | — | — |
| Operating Margin | -1.0% | 10.4% |
| Net Margin | -1.1% | 10.4% |
| Revenue YoY | 44.4% | 1.0% |
| Net Profit YoY | 64.6% | -65.5% |
| EPS (diluted) | $-0.04 | $0.48 |
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 | $555.6M | ||
| Q3 25 | $993.7M | $554.4M | ||
| Q2 25 | $1.0B | $549.9M | ||
| Q1 25 | $926.9M | $549.3M | ||
| Q4 24 | $701.2M | $549.8M | ||
| Q3 24 | $692.4M | $551.1M | ||
| Q2 24 | $681.3M | $546.4M | ||
| Q1 24 | $628.6M | $543.6M |
| Q4 25 | $-11.0M | $57.6M | ||
| Q3 25 | $3.7M | $99.5M | ||
| Q2 25 | $15.7M | $108.1M | ||
| Q1 25 | $-9.1M | $181.7M | ||
| Q4 24 | $-31.1M | $166.6M | ||
| Q3 24 | $-26.4M | $115.2M | ||
| Q2 24 | $-24.0M | $102.0M | ||
| Q1 24 | $-46.5M | $143.7M |
| Q4 25 | -1.0% | 10.4% | ||
| Q3 25 | 0.8% | 18.7% | ||
| Q2 25 | 2.2% | 20.2% | ||
| Q1 25 | -0.6% | 34.0% | ||
| Q4 24 | -3.2% | 31.3% | ||
| Q3 24 | -2.8% | 21.5% | ||
| Q2 24 | -2.7% | 19.3% | ||
| Q1 24 | -6.5% | 27.4% |
| Q4 25 | -1.1% | 10.4% | ||
| Q3 25 | 0.4% | 18.0% | ||
| Q2 25 | 1.5% | 19.7% | ||
| Q1 25 | -1.0% | 33.1% | ||
| Q4 24 | -4.4% | 30.3% | ||
| Q3 24 | -3.8% | 20.9% | ||
| Q2 24 | -3.5% | 18.7% | ||
| Q1 24 | -7.4% | 26.4% |
| Q4 25 | $-0.04 | $0.48 | ||
| Q3 25 | $0.02 | $0.84 | ||
| Q2 25 | $0.07 | $0.92 | ||
| Q1 25 | $-0.05 | $1.54 | ||
| Q4 24 | $-0.15 | $1.43 | ||
| Q3 24 | $-0.14 | $0.98 | ||
| Q2 24 | $-0.13 | $0.86 | ||
| Q1 24 | $-0.25 | $1.22 |
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 | $60.3M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $5.7B |
| Total Assets | $1.1B | $12.0B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $60.3M | ||
| Q3 25 | $644.1M | $32.2M | ||
| Q2 25 | $503.8M | $54.5M | ||
| Q1 25 | $479.5M | $55.8M | ||
| Q4 24 | $470.6M | $43.0M | ||
| Q3 24 | $381.0M | $50.2M | ||
| Q2 24 | $363.7M | $62.8M | ||
| Q1 24 | $301.7M | $54.6M |
| 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 | $5.7B | ||
| Q3 25 | $161.9M | $5.8B | ||
| Q2 25 | $141.0M | $5.9B | ||
| Q1 25 | $108.1M | $5.9B | ||
| Q4 24 | $99.9M | $5.9B | ||
| Q3 24 | $114.5M | $5.9B | ||
| Q2 24 | $123.7M | $6.0B | ||
| Q1 24 | $130.9M | $6.1B |
| Q4 25 | $1.1B | $12.0B | ||
| Q3 25 | $1.1B | $11.9B | ||
| Q2 25 | $1.0B | $11.8B | ||
| Q1 25 | $895.6M | $11.8B | ||
| Q4 24 | $782.1M | $11.8B | ||
| Q3 24 | $692.3M | $11.8B | ||
| Q2 24 | $716.3M | $11.6B | ||
| Q1 24 | $633.2M | $11.5B |
| 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 | $261.7M |
| Free Cash FlowOCF − Capex | $-55.4M | $158.6M |
| FCF MarginFCF / Revenue | -5.5% | 28.5% |
| Capex IntensityCapex / Revenue | 0.5% | 18.6% |
| Cash ConversionOCF / Net Profit | — | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $717.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $261.7M | ||
| Q3 25 | $144.6M | $266.4M | ||
| Q2 25 | $29.1M | $353.4M | ||
| Q1 25 | $16.6M | $196.6M | ||
| Q4 24 | $-8.7M | $239.1M | ||
| Q3 24 | $26.2M | $309.5M | ||
| Q2 24 | $23.5M | $349.4M | ||
| Q1 24 | $-6.2M | $200.3M |
| Q4 25 | $-55.4M | $158.6M | ||
| Q3 25 | $139.1M | $170.8M | ||
| Q2 25 | $21.1M | $264.5M | ||
| Q1 25 | $8.4M | $124.0M | ||
| Q4 24 | $-18.0M | $152.6M | ||
| Q3 24 | $16.9M | $215.5M | ||
| Q2 24 | $11.8M | $259.7M | ||
| Q1 24 | $-17.4M | $148.2M |
| Q4 25 | -5.5% | 28.5% | ||
| Q3 25 | 14.0% | 30.8% | ||
| Q2 25 | 2.1% | 48.1% | ||
| Q1 25 | 0.9% | 22.6% | ||
| Q4 24 | -2.6% | 27.8% | ||
| Q3 24 | 2.4% | 39.1% | ||
| Q2 24 | 1.7% | 47.5% | ||
| Q1 24 | -2.8% | 27.3% |
| Q4 25 | 0.5% | 18.6% | ||
| Q3 25 | 0.6% | 17.2% | ||
| Q2 25 | 0.8% | 16.2% | ||
| Q1 25 | 0.9% | 13.2% | ||
| Q4 24 | 1.3% | 15.7% | ||
| Q3 24 | 1.3% | 17.1% | ||
| Q2 24 | 1.7% | 16.4% | ||
| Q1 24 | 1.8% | 9.6% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | 38.77× | 2.68× | ||
| Q2 25 | 1.86× | 3.27× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
