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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $792.0M, roughly 1.6× Magnera Corp). Alignment Healthcare, Inc. runs the higher net margin — 0.9% vs -4.3%, a 5.2% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -74.7%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 34.6%).
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.
ALHC vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $792.0M |
| Net Profit | $11.4M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | — | 1.8% |
| Net Margin | 0.9% | -4.3% |
| Revenue YoY | -74.7% | 12.8% |
| Net Profit YoY | — | 43.3% |
| EPS (diluted) | — | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $993.7M | — | ||
| Q2 25 | $1.0B | $839.0M | ||
| Q1 25 | $926.9M | $824.0M | ||
| Q4 24 | $701.2M | $702.0M | ||
| Q3 24 | $692.4M | $332.1M | ||
| Q2 24 | $681.3M | $556.0M |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $-34.0M | ||
| Q3 25 | $3.7M | — | ||
| Q2 25 | $15.7M | $-18.0M | ||
| Q1 25 | $-9.1M | $-41.0M | ||
| Q4 24 | $-31.1M | $-60.0M | ||
| Q3 24 | $-26.4M | $-15.2M | ||
| Q2 24 | $-24.0M | $19.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 1.8% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 2.2% | 1.5% | ||
| Q1 25 | -0.6% | 0.5% | ||
| Q4 24 | -3.2% | -3.1% | ||
| Q3 24 | -2.8% | 0.9% | ||
| Q2 24 | -2.7% | 3.1% |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | -4.3% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.5% | -2.1% | ||
| Q1 25 | -1.0% | -5.0% | ||
| Q4 24 | -4.4% | -8.5% | ||
| Q3 24 | -3.8% | -4.6% | ||
| Q2 24 | -3.5% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $-0.95 | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.07 | $-0.51 | ||
| Q1 25 | $-0.05 | $-1.15 | ||
| Q4 24 | $-0.15 | $-1.69 | ||
| Q3 24 | $-0.14 | $-0.33 | ||
| Q2 24 | $-0.13 | $0.60 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $206.9M | $1.0B |
| Total Assets | $1.3B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $264.0M | ||
| Q3 25 | $644.1M | — | ||
| Q2 25 | $503.8M | $276.0M | ||
| Q1 25 | $479.5M | $282.0M | ||
| Q4 24 | $470.6M | $215.0M | ||
| Q3 24 | $381.0M | $230.0M | ||
| Q2 24 | $363.7M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $1.9B | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | $2.0B | ||
| Q1 25 | $321.9M | $2.0B | ||
| Q4 24 | $321.4M | $2.0B | ||
| Q3 24 | $212.0M | $2.0B | ||
| Q2 24 | $211.7M | $877.4M |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $1.0B | ||
| Q3 25 | $161.9M | — | ||
| Q2 25 | $141.0M | $1.1B | ||
| Q1 25 | $108.1M | $1.1B | ||
| Q4 24 | $99.9M | $1.1B | ||
| Q3 24 | $114.5M | $2.1B | ||
| Q2 24 | $123.7M | $2.4B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | $4.1B | ||
| Q1 25 | $895.6M | $4.1B | ||
| Q4 24 | $782.1M | $4.0B | ||
| Q3 24 | $692.3M | $2.8B | ||
| Q2 24 | $716.3M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 1.86× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | 1.77× | ||
| Q1 25 | 2.98× | 1.83× | ||
| Q4 24 | 3.22× | 1.80× | ||
| Q3 24 | 1.85× | 0.91× | ||
| Q2 24 | 1.71× | 0.37× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| 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 | $2.0M | ||
| Q3 25 | $144.6M | — | ||
| Q2 25 | $29.1M | $0 | ||
| Q1 25 | $16.6M | $65.0M | ||
| Q4 24 | $-8.7M | $-58.0M | ||
| Q3 24 | $26.2M | $12.2M | ||
| Q2 24 | $23.5M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $-13.0M | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | $42.0M | ||
| Q4 24 | $-18.0M | $-74.0M | ||
| Q3 24 | $16.9M | $3.6M | ||
| Q2 24 | $11.8M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -1.6% | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | 5.1% | ||
| Q4 24 | -2.6% | -10.5% | ||
| Q3 24 | 2.4% | 1.1% | ||
| Q2 24 | 1.7% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.9% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | 0.9% | 2.8% | ||
| Q4 24 | 1.3% | 2.3% | ||
| Q3 24 | 1.3% | 2.6% | ||
| Q2 24 | 1.7% | 2.7% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
