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

Ovintiv Inc. is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Alignment Healthcare, Inc.). Ovintiv Inc. runs the higher net margin — 46.1% vs 0.9%, a 45.1% gap on every dollar of revenue. On growth, Ovintiv Inc. posted the faster year-over-year revenue change (-6.0% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs -7.2%).

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.

Ovintiv Inc. is a U.S. petroleum company based in Denver. The company was formed in 2020 through a restructuring of its Canadian predecessor, Encana.

ALHC vs OVV — Head-to-Head

Bigger by revenue
OVV
OVV
1.7× larger
OVV
$2.1B
$1.2B
ALHC
Growing faster (revenue YoY)
OVV
OVV
+68.7% gap
OVV
-6.0%
-74.7%
ALHC
Higher net margin
OVV
OVV
45.1% more per $
OVV
46.1%
0.9%
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
34.6%
-7.2%
OVV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALHC
ALHC
OVV
OVV
Revenue
$1.2B
$2.1B
Net Profit
$11.4M
$946.0M
Gross Margin
Operating Margin
21.2%
Net Margin
0.9%
46.1%
Revenue YoY
-74.7%
-6.0%
Net Profit YoY
1676.7%
EPS (diluted)
$3.64

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
OVV
OVV
Q1 26
$1.2B
Q4 25
$1.0B
$2.1B
Q3 25
$993.7M
$2.0B
Q2 25
$1.0B
$2.2B
Q1 25
$926.9M
$2.4B
Q4 24
$701.2M
$2.2B
Q3 24
$692.4M
$2.2B
Q2 24
$681.3M
$2.2B
Net Profit
ALHC
ALHC
OVV
OVV
Q1 26
$11.4M
Q4 25
$-11.0M
$946.0M
Q3 25
$3.7M
$148.0M
Q2 25
$15.7M
$307.0M
Q1 25
$-9.1M
$-159.0M
Q4 24
$-31.1M
$-60.0M
Q3 24
$-26.4M
$507.0M
Q2 24
$-24.0M
$340.0M
Operating Margin
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
-1.0%
21.2%
Q3 25
0.8%
13.5%
Q2 25
2.2%
23.1%
Q1 25
-0.6%
-3.7%
Q4 24
-3.2%
0.1%
Q3 24
-2.8%
24.2%
Q2 24
-2.7%
25.4%
Net Margin
ALHC
ALHC
OVV
OVV
Q1 26
0.9%
Q4 25
-1.1%
46.1%
Q3 25
0.4%
7.3%
Q2 25
1.5%
13.9%
Q1 25
-1.0%
-6.7%
Q4 24
-4.4%
-2.7%
Q3 24
-3.8%
23.3%
Q2 24
-3.5%
15.5%
EPS (diluted)
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
$-0.04
$3.64
Q3 25
$0.02
$0.57
Q2 25
$0.07
$1.18
Q1 25
$-0.05
$-0.61
Q4 24
$-0.15
$-0.22
Q3 24
$-0.14
$1.92
Q2 24
$-0.13
$1.27

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
OVV
OVV
Cash + ST InvestmentsLiquidity on hand
$705.6M
$280.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$206.9M
$11.2B
Total Assets
$1.3B
$20.4B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
OVV
OVV
Q1 26
$705.6M
Q4 25
$604.2M
$280.0M
Q3 25
$644.1M
$25.0M
Q2 25
$503.8M
$20.0M
Q1 25
$479.5M
$8.0M
Q4 24
$470.6M
$42.0M
Q3 24
$381.0M
$9.0M
Q2 24
$363.7M
$8.0M
Total Debt
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
$323.2M
$5.2B
Q3 25
$322.7M
$5.2B
Q2 25
$322.3M
$5.3B
Q1 25
$321.9M
$5.5B
Q4 24
$321.4M
$5.5B
Q3 24
$212.0M
$5.9B
Q2 24
$211.7M
$6.1B
Stockholders' Equity
ALHC
ALHC
OVV
OVV
Q1 26
$206.9M
Q4 25
$179.3M
$11.2B
Q3 25
$161.9M
$10.2B
Q2 25
$141.0M
$10.4B
Q1 25
$108.1M
$10.1B
Q4 24
$99.9M
$10.3B
Q3 24
$114.5M
$10.7B
Q2 24
$123.7M
$10.3B
Total Assets
ALHC
ALHC
OVV
OVV
Q1 26
$1.3B
Q4 25
$1.1B
$20.4B
Q3 25
$1.1B
$19.4B
Q2 25
$1.0B
$19.7B
Q1 25
$895.6M
$19.6B
Q4 24
$782.1M
$19.3B
Q3 24
$692.3M
$19.9B
Q2 24
$716.3M
$19.8B
Debt / Equity
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
1.80×
0.46×
Q3 25
1.99×
0.51×
Q2 25
2.29×
0.51×
Q1 25
2.98×
0.55×
Q4 24
3.22×
0.53×
Q3 24
1.85×
0.55×
Q2 24
1.71×
0.59×

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
OVV
OVV
Operating Cash FlowLast quarter
$128.7M
$954.0M
Free Cash FlowOCF − Capex
$489.0M
FCF MarginFCF / Revenue
23.8%
Capex IntensityCapex / Revenue
22.6%
Cash ConversionOCF / Net Profit
11.27×
1.01×
TTM Free Cash FlowTrailing 4 quarters
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
OVV
OVV
Q1 26
$128.7M
Q4 25
$-50.4M
$954.0M
Q3 25
$144.6M
$812.0M
Q2 25
$29.1M
$1.0B
Q1 25
$16.6M
$873.0M
Q4 24
$-8.7M
$1.0B
Q3 24
$26.2M
$1.0B
Q2 24
$23.5M
$1.0B
Free Cash Flow
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
$-55.4M
$489.0M
Q3 25
$139.1M
$268.0M
Q2 25
$21.1M
$492.0M
Q1 25
$8.4M
$256.0M
Q4 24
$-18.0M
$468.0M
Q3 24
$16.9M
$484.0M
Q2 24
$11.8M
$398.0M
FCF Margin
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
-5.5%
23.8%
Q3 25
14.0%
13.3%
Q2 25
2.1%
22.2%
Q1 25
0.9%
10.8%
Q4 24
-2.6%
21.4%
Q3 24
2.4%
22.2%
Q2 24
1.7%
18.1%
Capex Intensity
ALHC
ALHC
OVV
OVV
Q1 26
Q4 25
0.5%
22.6%
Q3 25
0.6%
26.9%
Q2 25
0.8%
23.5%
Q1 25
0.9%
26.0%
Q4 24
1.3%
25.3%
Q3 24
1.3%
24.7%
Q2 24
1.7%
28.4%
Cash Conversion
ALHC
ALHC
OVV
OVV
Q1 26
11.27×
Q4 25
1.01×
Q3 25
38.77×
5.49×
Q2 25
1.86×
3.30×
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
3.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

OVV
OVV

Product And Service Revenue$1.7B84%
Sales Of Purchased Product$338.0M16%

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