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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
OPEN TEXT CORP is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Alignment Healthcare, Inc.). OPEN TEXT CORP runs the higher net margin — 12.7% vs -1.1%, a 13.8% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs -4.3%).
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.
Open Text Corporation is a global software company that develops and sells information management software.
ALHC vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.3B |
| Net Profit | $-11.0M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | -1.0% | 22.0% |
| Net Margin | -1.1% | 12.7% |
| Revenue YoY | 44.4% | -0.6% |
| Net Profit YoY | 64.6% | -26.9% |
| EPS (diluted) | $-0.04 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $993.7M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $926.9M | $1.3B | ||
| Q4 24 | $701.2M | $1.3B | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $1.4B | ||
| Q1 24 | $628.6M | $1.4B |
| Q4 25 | $-11.0M | $168.1M | ||
| Q3 25 | $3.7M | $146.6M | ||
| Q2 25 | $15.7M | $28.8M | ||
| Q1 25 | $-9.1M | $92.8M | ||
| Q4 24 | $-31.1M | $229.9M | ||
| Q3 24 | $-26.4M | $84.4M | ||
| Q2 24 | $-24.0M | $248.2M | ||
| Q1 24 | $-46.5M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | -1.0% | 22.0% | ||
| Q3 25 | 0.8% | 21.0% | ||
| Q2 25 | 2.2% | 13.9% | ||
| Q1 25 | -0.6% | 16.7% | ||
| Q4 24 | -3.2% | 22.2% | ||
| Q3 24 | -2.8% | 16.3% | ||
| Q2 24 | -2.7% | 14.2% | ||
| Q1 24 | -6.5% | 15.7% |
| Q4 25 | -1.1% | 12.7% | ||
| Q3 25 | 0.4% | 11.4% | ||
| Q2 25 | 1.5% | 2.2% | ||
| Q1 25 | -1.0% | 7.4% | ||
| Q4 24 | -4.4% | 17.2% | ||
| Q3 24 | -3.8% | 6.6% | ||
| Q2 24 | -3.5% | 18.2% | ||
| Q1 24 | -7.4% | 6.8% |
| Q4 25 | $-0.04 | $0.66 | ||
| Q3 25 | $0.02 | $0.58 | ||
| Q2 25 | $0.07 | $0.11 | ||
| Q1 25 | $-0.05 | $0.35 | ||
| Q4 24 | $-0.15 | $0.87 | ||
| Q3 24 | $-0.14 | $0.32 | ||
| Q2 24 | $-0.13 | $0.91 | ||
| Q1 24 | $-0.25 | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | $323.2M | $6.4B |
| Stockholders' EquityBook value | $179.3M | $4.0B |
| Total Assets | $1.1B | $13.6B |
| Debt / EquityLower = less leverage | 1.80× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $1.3B | ||
| Q3 25 | $644.1M | $1.1B | ||
| Q2 25 | $503.8M | $1.2B | ||
| Q1 25 | $479.5M | $1.3B | ||
| Q4 24 | $470.6M | $1.1B | ||
| Q3 24 | $381.0M | $1.0B | ||
| Q2 24 | $363.7M | $1.3B | ||
| Q1 24 | $301.7M | $1.1B |
| Q4 25 | $323.2M | $6.4B | ||
| Q3 25 | $322.7M | $6.4B | ||
| Q2 25 | $322.3M | $6.4B | ||
| Q1 25 | $321.9M | $6.4B | ||
| Q4 24 | $321.4M | $6.4B | ||
| Q3 24 | $212.0M | $6.4B | ||
| Q2 24 | $211.7M | $6.4B | ||
| Q1 24 | $162.0M | $8.4B |
| Q4 25 | $179.3M | $4.0B | ||
| Q3 25 | $161.9M | $4.0B | ||
| Q2 25 | $141.0M | $3.9B | ||
| Q1 25 | $108.1M | $4.1B | ||
| Q4 24 | $99.9M | $4.2B | ||
| Q3 24 | $114.5M | $4.1B | ||
| Q2 24 | $123.7M | $4.2B | ||
| Q1 24 | $130.9M | $4.1B |
| Q4 25 | $1.1B | $13.6B | ||
| Q3 25 | $1.1B | $13.5B | ||
| Q2 25 | $1.0B | $13.8B | ||
| Q1 25 | $895.6M | $13.8B | ||
| Q4 24 | $782.1M | $13.7B | ||
| Q3 24 | $692.3M | $13.8B | ||
| Q2 24 | $716.3M | $14.2B | ||
| Q1 24 | $633.2M | $16.4B |
| Q4 25 | 1.80× | 1.58× | ||
| Q3 25 | 1.99× | 1.61× | ||
| Q2 25 | 2.29× | 1.62× | ||
| Q1 25 | 2.98× | 1.55× | ||
| Q4 24 | 3.22× | 1.51× | ||
| Q3 24 | 1.85× | 1.55× | ||
| Q2 24 | 1.71× | 1.52× | ||
| Q1 24 | 1.24× | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $-55.4M | $279.4M |
| FCF MarginFCF / Revenue | -5.5% | 21.1% |
| Capex IntensityCapex / Revenue | 0.5% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $318.7M | ||
| Q3 25 | $144.6M | $147.8M | ||
| Q2 25 | $29.1M | $158.2M | ||
| Q1 25 | $16.6M | $402.2M | ||
| Q4 24 | $-8.7M | $348.0M | ||
| Q3 24 | $26.2M | $-77.8M | ||
| Q2 24 | $23.5M | $185.2M | ||
| Q1 24 | $-6.2M | $384.7M |
| Q4 25 | $-55.4M | $279.4M | ||
| Q3 25 | $139.1M | $101.2M | ||
| Q2 25 | $21.1M | $124.0M | ||
| Q1 25 | $8.4M | $373.8M | ||
| Q4 24 | $-18.0M | $306.7M | ||
| Q3 24 | $16.9M | $-117.1M | ||
| Q2 24 | $11.8M | $145.2M | ||
| Q1 24 | $-17.4M | $348.2M |
| Q4 25 | -5.5% | 21.1% | ||
| Q3 25 | 14.0% | 7.9% | ||
| Q2 25 | 2.1% | 9.5% | ||
| Q1 25 | 0.9% | 29.8% | ||
| Q4 24 | -2.6% | 23.0% | ||
| Q3 24 | 2.4% | -9.2% | ||
| Q2 24 | 1.7% | 10.7% | ||
| Q1 24 | -2.8% | 24.1% |
| Q4 25 | 0.5% | 3.0% | ||
| Q3 25 | 0.6% | 3.6% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 0.9% | 2.3% | ||
| Q4 24 | 1.3% | 3.1% | ||
| Q3 24 | 1.3% | 3.1% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 1.8% | 2.5% |
| Q4 25 | — | 1.90× | ||
| Q3 25 | 38.77× | 1.01× | ||
| Q2 25 | 1.86× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
