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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $805.0M, roughly 1.3× MODINE MANUFACTURING CO). Alignment Healthcare, Inc. runs the higher net margin — -1.1% vs -5.9%, a 4.8% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 30.5%). MODINE MANUFACTURING CO produced more free cash flow last quarter ($-17.1M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 15.5%).
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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
ALHC vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $805.0M |
| Net Profit | $-11.0M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | -1.0% | 11.1% |
| Net Margin | -1.1% | -5.9% |
| Revenue YoY | 44.4% | 30.5% |
| Net Profit YoY | 64.6% | -215.6% |
| EPS (diluted) | $-0.04 | $-0.90 |
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 | $805.0M | ||
| Q3 25 | $993.7M | $738.9M | ||
| Q2 25 | $1.0B | $682.8M | ||
| Q1 25 | $926.9M | $647.2M | ||
| Q4 24 | $701.2M | $616.8M | ||
| Q3 24 | $692.4M | $658.0M | ||
| Q2 24 | $681.3M | $661.5M | ||
| Q1 24 | $628.6M | $603.5M |
| Q4 25 | $-11.0M | $-47.4M | ||
| Q3 25 | $3.7M | $44.4M | ||
| Q2 25 | $15.7M | $51.2M | ||
| Q1 25 | $-9.1M | $49.6M | ||
| Q4 24 | $-31.1M | $41.0M | ||
| Q3 24 | $-26.4M | $46.1M | ||
| Q2 24 | $-24.0M | $47.3M | ||
| Q1 24 | $-46.5M | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | -1.0% | 11.1% | ||
| Q3 25 | 0.8% | 9.9% | ||
| Q2 25 | 2.2% | 11.1% | ||
| Q1 25 | -0.6% | 11.5% | ||
| Q4 24 | -3.2% | 9.6% | ||
| Q3 24 | -2.8% | 11.4% | ||
| Q2 24 | -2.7% | 11.2% | ||
| Q1 24 | -6.5% | 7.8% |
| Q4 25 | -1.1% | -5.9% | ||
| Q3 25 | 0.4% | 6.0% | ||
| Q2 25 | 1.5% | 7.5% | ||
| Q1 25 | -1.0% | 7.7% | ||
| Q4 24 | -4.4% | 6.6% | ||
| Q3 24 | -3.8% | 7.0% | ||
| Q2 24 | -3.5% | 7.2% | ||
| Q1 24 | -7.4% | 4.3% |
| Q4 25 | $-0.04 | $-0.90 | ||
| Q3 25 | $0.02 | $0.83 | ||
| Q2 25 | $0.07 | $0.95 | ||
| Q1 25 | $-0.05 | $0.92 | ||
| Q4 24 | $-0.15 | $0.76 | ||
| Q3 24 | $-0.14 | $0.86 | ||
| Q2 24 | $-0.13 | $0.88 | ||
| Q1 24 | $-0.25 | $0.48 |
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 | $98.7M |
| Total DebtLower is stronger | $323.2M | $570.7M |
| Stockholders' EquityBook value | $179.3M | $1.1B |
| Total Assets | $1.1B | $2.5B |
| Debt / EquityLower = less leverage | 1.80× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $98.7M | ||
| Q3 25 | $644.1M | $83.8M | ||
| Q2 25 | $503.8M | $124.5M | ||
| Q1 25 | $479.5M | $71.6M | ||
| Q4 24 | $470.6M | $83.8M | ||
| Q3 24 | $381.0M | $78.6M | ||
| Q2 24 | $363.7M | $72.9M | ||
| Q1 24 | $301.7M | $60.1M |
| Q4 25 | $323.2M | $570.7M | ||
| Q3 25 | $322.7M | $525.8M | ||
| Q2 25 | $322.3M | $482.1M | ||
| Q1 25 | $321.9M | $296.7M | ||
| Q4 24 | $321.4M | $330.0M | ||
| Q3 24 | $212.0M | $359.1M | ||
| Q2 24 | $211.7M | $405.7M | ||
| Q1 24 | $162.0M | $399.9M |
| Q4 25 | $179.3M | $1.1B | ||
| Q3 25 | $161.9M | $1.1B | ||
| Q2 25 | $141.0M | $1.0B | ||
| Q1 25 | $108.1M | $910.2M | ||
| Q4 24 | $99.9M | $855.1M | ||
| Q3 24 | $114.5M | $858.8M | ||
| Q2 24 | $123.7M | $788.4M | ||
| Q1 24 | $130.9M | $747.6M |
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $895.6M | $1.9B | ||
| Q4 24 | $782.1M | $1.8B | ||
| Q3 24 | $692.3M | $1.9B | ||
| Q2 24 | $716.3M | $1.9B | ||
| Q1 24 | $633.2M | $1.9B |
| Q4 25 | 1.80× | 0.51× | ||
| Q3 25 | 1.99× | 0.50× | ||
| Q2 25 | 2.29× | 0.48× | ||
| Q1 25 | 2.98× | 0.33× | ||
| Q4 24 | 3.22× | 0.39× | ||
| Q3 24 | 1.85× | 0.42× | ||
| Q2 24 | 1.71× | 0.51× | ||
| Q1 24 | 1.24× | 0.53× |
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 | $24.7M |
| Free Cash FlowOCF − Capex | $-55.4M | $-17.1M |
| FCF MarginFCF / Revenue | -5.5% | -2.1% |
| Capex IntensityCapex / Revenue | 0.5% | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $24.7M | ||
| Q3 25 | $144.6M | $1.4M | ||
| Q2 25 | $29.1M | $27.7M | ||
| Q1 25 | $16.6M | $54.8M | ||
| Q4 24 | $-8.7M | $60.7M | ||
| Q3 24 | $26.2M | $57.3M | ||
| Q2 24 | $23.5M | $40.5M | ||
| Q1 24 | $-6.2M | $39.6M |
| Q4 25 | $-55.4M | $-17.1M | ||
| Q3 25 | $139.1M | $-30.5M | ||
| Q2 25 | $21.1M | $200.0K | ||
| Q1 25 | $8.4M | $27.1M | ||
| Q4 24 | $-18.0M | $44.7M | ||
| Q3 24 | $16.9M | $43.8M | ||
| Q2 24 | $11.8M | $13.7M | ||
| Q1 24 | $-17.4M | $-4.3M |
| Q4 25 | -5.5% | -2.1% | ||
| Q3 25 | 14.0% | -4.1% | ||
| Q2 25 | 2.1% | 0.0% | ||
| Q1 25 | 0.9% | 4.2% | ||
| Q4 24 | -2.6% | 7.2% | ||
| Q3 24 | 2.4% | 6.7% | ||
| Q2 24 | 1.7% | 2.1% | ||
| Q1 24 | -2.8% | -0.7% |
| Q4 25 | 0.5% | 5.2% | ||
| Q3 25 | 0.6% | 4.3% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 0.9% | 4.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.3% | 2.1% | ||
| Q2 24 | 1.7% | 4.1% | ||
| Q1 24 | 1.8% | 7.3% |
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 0.03× | ||
| Q2 25 | 1.86× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
