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

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $909.4M, roughly 1.1× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs -1.1%, a 15.5% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 33.9%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 11.1%).

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.

Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.

ALHC vs NXT — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.1× larger
ALHC
$1.0B
$909.4M
NXT
Growing faster (revenue YoY)
ALHC
ALHC
+10.6% gap
ALHC
44.4%
33.9%
NXT
Higher net margin
NXT
NXT
15.5% more per $
NXT
14.4%
-1.1%
ALHC
More free cash flow
NXT
NXT
$174.0M more FCF
NXT
$118.5M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
11.1%
NXT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ALHC
ALHC
NXT
NXT
Revenue
$1.0B
$909.4M
Net Profit
$-11.0M
$131.2M
Gross Margin
31.7%
Operating Margin
-1.0%
19.4%
Net Margin
-1.1%
14.4%
Revenue YoY
44.4%
33.9%
Net Profit YoY
64.6%
13.8%
EPS (diluted)
$-0.04
$0.85

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
NXT
NXT
Q4 25
$1.0B
$909.4M
Q3 25
$993.7M
$905.3M
Q2 25
$1.0B
$864.3M
Q1 25
$926.9M
$924.3M
Q4 24
$701.2M
$679.4M
Q3 24
$692.4M
$635.6M
Q2 24
$681.3M
$719.9M
Q1 24
$628.6M
$736.5M
Net Profit
ALHC
ALHC
NXT
NXT
Q4 25
$-11.0M
$131.2M
Q3 25
$3.7M
$146.9M
Q2 25
$15.7M
$157.2M
Q1 25
$-9.1M
$156.8M
Q4 24
$-31.1M
$115.3M
Q3 24
$-26.4M
$115.4M
Q2 24
$-24.0M
$121.7M
Q1 24
$-46.5M
$205.2M
Gross Margin
ALHC
ALHC
NXT
NXT
Q4 25
31.7%
Q3 25
32.4%
Q2 25
32.6%
Q1 25
33.1%
Q4 24
35.5%
Q3 24
35.4%
Q2 24
33.0%
Q1 24
46.2%
Operating Margin
ALHC
ALHC
NXT
NXT
Q4 25
-1.0%
19.4%
Q3 25
0.8%
20.0%
Q2 25
2.2%
21.5%
Q1 25
-0.6%
21.1%
Q4 24
-3.2%
22.1%
Q3 24
-2.8%
21.0%
Q2 24
-2.7%
22.2%
Q1 24
-6.5%
36.8%
Net Margin
ALHC
ALHC
NXT
NXT
Q4 25
-1.1%
14.4%
Q3 25
0.4%
16.2%
Q2 25
1.5%
18.2%
Q1 25
-1.0%
17.0%
Q4 24
-4.4%
17.0%
Q3 24
-3.8%
18.2%
Q2 24
-3.5%
16.9%
Q1 24
-7.4%
27.9%
EPS (diluted)
ALHC
ALHC
NXT
NXT
Q4 25
$-0.04
$0.85
Q3 25
$0.02
$0.97
Q2 25
$0.07
$1.04
Q1 25
$-0.05
$1.05
Q4 24
$-0.15
$0.79
Q3 24
$-0.14
$0.79
Q2 24
$-0.13
$0.84
Q1 24
$-0.25
$1.52

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
NXT
NXT
Cash + ST InvestmentsLiquidity on hand
$604.2M
$952.6M
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$2.2B
Total Assets
$1.1B
$3.8B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
NXT
NXT
Q4 25
$604.2M
$952.6M
Q3 25
$644.1M
$845.3M
Q2 25
$503.8M
$743.4M
Q1 25
$479.5M
$766.1M
Q4 24
$470.6M
$693.5M
Q3 24
$381.0M
$561.9M
Q2 24
$363.7M
$471.9M
Q1 24
$301.7M
$474.1M
Total Debt
ALHC
ALHC
NXT
NXT
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
NXT
NXT
Q4 25
$179.3M
$2.2B
Q3 25
$161.9M
$2.0B
Q2 25
$141.0M
$1.8B
Q1 25
$108.1M
$1.6B
Q4 24
$99.9M
$1.4B
Q3 24
$114.5M
$1.3B
Q2 24
$123.7M
$1.1B
Q1 24
$130.9M
$961.0M
Total Assets
ALHC
ALHC
NXT
NXT
Q4 25
$1.1B
$3.8B
Q3 25
$1.1B
$3.7B
Q2 25
$1.0B
$3.4B
Q1 25
$895.6M
$3.2B
Q4 24
$782.1M
$3.0B
Q3 24
$692.3M
$2.8B
Q2 24
$716.3M
$2.6B
Q1 24
$633.2M
$2.5B
Debt / Equity
ALHC
ALHC
NXT
NXT
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
NXT
NXT
Operating Cash FlowLast quarter
$-50.4M
$123.3M
Free Cash FlowOCF − Capex
$-55.4M
$118.5M
FCF MarginFCF / Revenue
-5.5%
13.0%
Capex IntensityCapex / Revenue
0.5%
0.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$113.1M
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
NXT
NXT
Q4 25
$-50.4M
$123.3M
Q3 25
$144.6M
$186.9M
Q2 25
$29.1M
$81.3M
Q1 25
$16.6M
$237.3M
Q4 24
$-8.7M
$143.8M
Q3 24
$26.2M
$153.8M
Q2 24
$23.5M
$120.8M
Q1 24
$-6.2M
$111.5M
Free Cash Flow
ALHC
ALHC
NXT
NXT
Q4 25
$-55.4M
$118.5M
Q3 25
$139.1M
$171.4M
Q2 25
$21.1M
$70.1M
Q1 25
$8.4M
$227.2M
Q4 24
$-18.0M
$134.9M
Q3 24
$16.9M
$141.8M
Q2 24
$11.8M
$118.0M
Q1 24
$-17.4M
$109.2M
FCF Margin
ALHC
ALHC
NXT
NXT
Q4 25
-5.5%
13.0%
Q3 25
14.0%
18.9%
Q2 25
2.1%
8.1%
Q1 25
0.9%
24.6%
Q4 24
-2.6%
19.9%
Q3 24
2.4%
22.3%
Q2 24
1.7%
16.4%
Q1 24
-2.8%
14.8%
Capex Intensity
ALHC
ALHC
NXT
NXT
Q4 25
0.5%
0.5%
Q3 25
0.6%
1.7%
Q2 25
0.8%
1.3%
Q1 25
0.9%
1.1%
Q4 24
1.3%
1.3%
Q3 24
1.3%
1.9%
Q2 24
1.7%
0.4%
Q1 24
1.8%
0.3%
Cash Conversion
ALHC
ALHC
NXT
NXT
Q4 25
0.94×
Q3 25
38.77×
1.27×
Q2 25
1.86×
0.52×
Q1 25
1.51×
Q4 24
1.25×
Q3 24
1.33×
Q2 24
0.99×
Q1 24
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

NXT
NXT

Transferred Over Time$763.9M84%
Transferred At Point In Time$145.4M16%

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