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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and MATERION Corp (MTRN). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $549.8M, roughly 2.2× MATERION Corp). MATERION Corp runs the higher net margin — 3.5% vs 0.9%, a 2.6% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 13.6%).
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
ALHC vs MTRN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $549.8M |
| Net Profit | $11.4M | $19.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | — | 5.1% |
| Net Margin | 0.9% | 3.5% |
| Revenue YoY | -74.7% | 30.8% |
| Net Profit YoY | — | 9.5% |
| EPS (diluted) | — | — |
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 | $549.8M | ||
| Q4 25 | $1.0B | $489.8M | ||
| Q3 25 | $993.7M | $444.8M | ||
| Q2 25 | $1.0B | $431.7M | ||
| Q1 25 | $926.9M | $420.3M | ||
| Q4 24 | $701.2M | $436.9M | ||
| Q3 24 | $692.4M | $436.7M | ||
| Q2 24 | $681.3M | $425.9M |
| Q1 26 | $11.4M | $19.4M | ||
| Q4 25 | $-11.0M | $6.6M | ||
| Q3 25 | $3.7M | $25.4M | ||
| Q2 25 | $15.7M | $25.1M | ||
| Q1 25 | $-9.1M | $17.7M | ||
| Q4 24 | $-31.1M | $-48.9M | ||
| Q3 24 | $-26.4M | $22.3M | ||
| Q2 24 | $-24.0M | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | -1.0% | 2.2% | ||
| Q3 25 | 0.8% | 7.9% | ||
| Q2 25 | 2.2% | 8.5% | ||
| Q1 25 | -0.6% | 6.5% | ||
| Q4 24 | -3.2% | -8.8% | ||
| Q3 24 | -2.8% | 7.2% | ||
| Q2 24 | -2.7% | 7.5% |
| Q1 26 | 0.9% | 3.5% | ||
| Q4 25 | -1.1% | 1.3% | ||
| Q3 25 | 0.4% | 5.7% | ||
| Q2 25 | 1.5% | 5.8% | ||
| Q1 25 | -1.0% | 4.2% | ||
| Q4 24 | -4.4% | -11.2% | ||
| Q3 24 | -3.8% | 5.1% | ||
| Q2 24 | -3.5% | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $0.30 | ||
| Q3 25 | $0.02 | $1.22 | ||
| Q2 25 | $0.07 | $1.21 | ||
| Q1 25 | $-0.05 | $0.85 | ||
| Q4 24 | $-0.15 | $-2.34 | ||
| Q3 24 | $-0.14 | $1.07 | ||
| Q2 24 | $-0.13 | $0.91 |
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 | $16.2M |
| Total DebtLower is stronger | — | $489.9M |
| Stockholders' EquityBook value | $206.9M | $957.0M |
| Total Assets | $1.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | $16.2M | ||
| Q4 25 | $604.2M | $13.7M | ||
| Q3 25 | $644.1M | $16.4M | ||
| Q2 25 | $503.8M | $12.6M | ||
| Q1 25 | $479.5M | $15.6M | ||
| Q4 24 | $470.6M | $16.7M | ||
| Q3 24 | $381.0M | $17.9M | ||
| Q2 24 | $363.7M | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | $323.2M | $460.6M | ||
| Q3 25 | $322.7M | $458.9M | ||
| Q2 25 | $322.3M | $427.6M | ||
| Q1 25 | $321.9M | $453.0M | ||
| Q4 24 | $321.4M | $443.9M | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
| Q1 26 | $206.9M | $957.0M | ||
| Q4 25 | $179.3M | $943.3M | ||
| Q3 25 | $161.9M | $934.6M | ||
| Q2 25 | $141.0M | $910.6M | ||
| Q1 25 | $108.1M | $887.9M | ||
| Q4 24 | $99.9M | $868.9M | ||
| Q3 24 | $114.5M | $931.9M | ||
| Q2 24 | $123.7M | $907.1M |
| Q1 26 | $1.3B | $1.9B | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $895.6M | $1.8B | ||
| Q4 24 | $782.1M | $1.7B | ||
| Q3 24 | $692.3M | $1.9B | ||
| Q2 24 | $716.3M | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | 1.80× | 0.49× | ||
| Q3 25 | 1.99× | 0.49× | ||
| Q2 25 | 2.29× | 0.47× | ||
| Q1 25 | 2.98× | 0.51× | ||
| Q4 24 | 3.22× | 0.51× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| 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 | $19.5M | ||
| Q3 25 | $144.6M | $18.3M | ||
| Q2 25 | $29.1M | $49.9M | ||
| Q1 25 | $16.6M | $15.5M | ||
| Q4 24 | $-8.7M | $76.3M | ||
| Q3 24 | $26.2M | $5.1M | ||
| Q2 24 | $23.5M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | $3.2M | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | $-24.3M | ||
| Q2 24 | $11.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | -5.6% | ||
| Q2 24 | 1.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | 2.9% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | 6.7% | ||
| Q2 24 | 1.7% | — |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 2.97× | ||
| Q3 25 | 38.77× | 0.72× | ||
| Q2 25 | 1.86× | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
