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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $962.4M, roughly 1.1× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -1.1%, a 17.1% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 6.4%).

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.

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

ALHC vs MLI — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.1× larger
ALHC
$1.0B
$962.4M
MLI
Growing faster (revenue YoY)
ALHC
ALHC
+40.2% gap
ALHC
44.4%
4.2%
MLI
Higher net margin
MLI
MLI
17.1% more per $
MLI
16.0%
-1.1%
ALHC
More free cash flow
MLI
MLI
$176.8M more FCF
MLI
$121.4M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALHC
ALHC
MLI
MLI
Revenue
$1.0B
$962.4M
Net Profit
$-11.0M
$153.7M
Gross Margin
Operating Margin
-1.0%
17.9%
Net Margin
-1.1%
16.0%
Revenue YoY
44.4%
4.2%
Net Profit YoY
64.6%
11.7%
EPS (diluted)
$-0.04
$1.37

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
MLI
MLI
Q4 25
$1.0B
$962.4M
Q3 25
$993.7M
$1.1B
Q2 25
$1.0B
$1.1B
Q1 25
$926.9M
$1.0B
Q4 24
$701.2M
$923.5M
Q3 24
$692.4M
$997.8M
Q2 24
$681.3M
$997.7M
Q1 24
$628.6M
$849.7M
Net Profit
ALHC
ALHC
MLI
MLI
Q4 25
$-11.0M
$153.7M
Q3 25
$3.7M
$208.1M
Q2 25
$15.7M
$245.9M
Q1 25
$-9.1M
$157.4M
Q4 24
$-31.1M
$137.7M
Q3 24
$-26.4M
$168.7M
Q2 24
$-24.0M
$160.2M
Q1 24
$-46.5M
$138.4M
Gross Margin
ALHC
ALHC
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
ALHC
ALHC
MLI
MLI
Q4 25
-1.0%
17.9%
Q3 25
0.8%
25.6%
Q2 25
2.2%
26.7%
Q1 25
-0.6%
20.6%
Q4 24
-3.2%
18.4%
Q3 24
-2.8%
20.7%
Q2 24
-2.7%
21.0%
Q1 24
-6.5%
21.6%
Net Margin
ALHC
ALHC
MLI
MLI
Q4 25
-1.1%
16.0%
Q3 25
0.4%
19.3%
Q2 25
1.5%
21.6%
Q1 25
-1.0%
15.7%
Q4 24
-4.4%
14.9%
Q3 24
-3.8%
16.9%
Q2 24
-3.5%
16.1%
Q1 24
-7.4%
16.3%
EPS (diluted)
ALHC
ALHC
MLI
MLI
Q4 25
$-0.04
$1.37
Q3 25
$0.02
$1.88
Q2 25
$0.07
$2.22
Q1 25
$-0.05
$1.39
Q4 24
$-0.15
$1.21
Q3 24
$-0.14
$1.48
Q2 24
$-0.13
$1.41
Q1 24
$-0.25
$1.21

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$604.2M
$1.4B
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$3.2B
Total Assets
$1.1B
$3.7B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
MLI
MLI
Q4 25
$604.2M
$1.4B
Q3 25
$644.1M
$1.3B
Q2 25
$503.8M
$1.1B
Q1 25
$479.5M
$873.6M
Q4 24
$470.6M
$1.1B
Q3 24
$381.0M
$969.6M
Q2 24
$363.7M
$825.7M
Q1 24
$301.7M
$1.4B
Total Debt
ALHC
ALHC
MLI
MLI
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
MLI
MLI
Q4 25
$179.3M
$3.2B
Q3 25
$161.9M
$3.1B
Q2 25
$141.0M
$2.9B
Q1 25
$108.1M
$2.7B
Q4 24
$99.9M
$2.8B
Q3 24
$114.5M
$2.7B
Q2 24
$123.7M
$2.5B
Q1 24
$130.9M
$2.4B
Total Assets
ALHC
ALHC
MLI
MLI
Q4 25
$1.1B
$3.7B
Q3 25
$1.1B
$3.7B
Q2 25
$1.0B
$3.5B
Q1 25
$895.6M
$3.2B
Q4 24
$782.1M
$3.3B
Q3 24
$692.3M
$3.2B
Q2 24
$716.3M
$3.1B
Q1 24
$633.2M
$2.9B
Debt / Equity
ALHC
ALHC
MLI
MLI
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
MLI
MLI
Operating Cash FlowLast quarter
$-50.4M
$141.2M
Free Cash FlowOCF − Capex
$-55.4M
$121.4M
FCF MarginFCF / Revenue
-5.5%
12.6%
Capex IntensityCapex / Revenue
0.5%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$113.1M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
MLI
MLI
Q4 25
$-50.4M
$141.2M
Q3 25
$144.6M
$310.1M
Q2 25
$29.1M
$190.6M
Q1 25
$16.6M
$113.6M
Q4 24
$-8.7M
$140.1M
Q3 24
$26.2M
$231.4M
Q2 24
$23.5M
$100.8M
Q1 24
$-6.2M
$173.6M
Free Cash Flow
ALHC
ALHC
MLI
MLI
Q4 25
$-55.4M
$121.4M
Q3 25
$139.1M
$291.8M
Q2 25
$21.1M
$176.5M
Q1 25
$8.4M
$97.0M
Q4 24
$-18.0M
$111.2M
Q3 24
$16.9M
$205.7M
Q2 24
$11.8M
$91.6M
Q1 24
$-17.4M
$157.2M
FCF Margin
ALHC
ALHC
MLI
MLI
Q4 25
-5.5%
12.6%
Q3 25
14.0%
27.1%
Q2 25
2.1%
15.5%
Q1 25
0.9%
9.7%
Q4 24
-2.6%
12.0%
Q3 24
2.4%
20.6%
Q2 24
1.7%
9.2%
Q1 24
-2.8%
18.5%
Capex Intensity
ALHC
ALHC
MLI
MLI
Q4 25
0.5%
2.1%
Q3 25
0.6%
1.7%
Q2 25
0.8%
1.2%
Q1 25
0.9%
1.7%
Q4 24
1.3%
3.1%
Q3 24
1.3%
2.6%
Q2 24
1.7%
0.9%
Q1 24
1.8%
1.9%
Cash Conversion
ALHC
ALHC
MLI
MLI
Q4 25
0.92×
Q3 25
38.77×
1.49×
Q2 25
1.86×
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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