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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.8× Alignment Healthcare, Inc.). Primoris Services Corp runs the higher net margin — 2.8% vs -1.1%, a 3.9% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 14.7%).
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.
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
ALHC vs PRIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.9B |
| Net Profit | $-11.0M | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | -1.0% | 4.2% |
| Net Margin | -1.1% | 2.8% |
| Revenue YoY | 44.4% | 6.7% |
| Net Profit YoY | 64.6% | -4.2% |
| EPS (diluted) | $-0.04 | $0.94 |
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 | $1.9B | ||
| Q3 25 | $993.7M | $2.2B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $926.9M | $1.6B | ||
| Q4 24 | $701.2M | $1.7B | ||
| Q3 24 | $692.4M | $1.6B | ||
| Q2 24 | $681.3M | $1.6B | ||
| Q1 24 | $628.6M | $1.4B |
| Q4 25 | $-11.0M | $51.7M | ||
| Q3 25 | $3.7M | $94.6M | ||
| Q2 25 | $15.7M | $84.3M | ||
| Q1 25 | $-9.1M | $44.2M | ||
| Q4 24 | $-31.1M | $54.0M | ||
| Q3 24 | $-26.4M | $58.4M | ||
| Q2 24 | $-24.0M | $49.5M | ||
| Q1 24 | $-46.5M | $18.9M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | -1.0% | 4.2% | ||
| Q3 25 | 0.8% | 6.3% | ||
| Q2 25 | 2.2% | 6.7% | ||
| Q1 25 | -0.6% | 4.3% | ||
| Q4 24 | -3.2% | 5.0% | ||
| Q3 24 | -2.8% | 6.0% | ||
| Q2 24 | -2.7% | 5.5% | ||
| Q1 24 | -6.5% | 3.1% |
| Q4 25 | -1.1% | 2.8% | ||
| Q3 25 | 0.4% | 4.3% | ||
| Q2 25 | 1.5% | 4.5% | ||
| Q1 25 | -1.0% | 2.7% | ||
| Q4 24 | -4.4% | 3.1% | ||
| Q3 24 | -3.8% | 3.5% | ||
| Q2 24 | -3.5% | 3.2% | ||
| Q1 24 | -7.4% | 1.3% |
| Q4 25 | $-0.04 | $0.94 | ||
| Q3 25 | $0.02 | $1.73 | ||
| Q2 25 | $0.07 | $1.54 | ||
| Q1 25 | $-0.05 | $0.81 | ||
| Q4 24 | $-0.15 | $0.98 | ||
| Q3 24 | $-0.14 | $1.07 | ||
| Q2 24 | $-0.13 | $0.91 | ||
| Q1 24 | $-0.25 | $0.35 |
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 | $535.5M |
| Total DebtLower is stronger | $323.2M | $469.9M |
| Stockholders' EquityBook value | $179.3M | $1.7B |
| Total Assets | $1.1B | $4.4B |
| Debt / EquityLower = less leverage | 1.80× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $535.5M | ||
| Q3 25 | $644.1M | $431.4M | ||
| Q2 25 | $503.8M | $390.3M | ||
| Q1 25 | $479.5M | $351.6M | ||
| Q4 24 | $470.6M | $455.8M | ||
| Q3 24 | $381.0M | $352.7M | ||
| Q2 24 | $363.7M | $207.4M | ||
| Q1 24 | $301.7M | $177.6M |
| Q4 25 | $323.2M | $469.9M | ||
| Q3 25 | $322.7M | $486.0M | ||
| Q2 25 | $322.3M | $603.1M | ||
| Q1 25 | $321.9M | $612.0M | ||
| Q4 24 | $321.4M | $734.8M | ||
| Q3 24 | $212.0M | $903.7M | ||
| Q2 24 | $211.7M | $933.0M | ||
| Q1 24 | $162.0M | $951.7M |
| Q4 25 | $179.3M | $1.7B | ||
| Q3 25 | $161.9M | $1.6B | ||
| Q2 25 | $141.0M | $1.5B | ||
| Q1 25 | $108.1M | $1.4B | ||
| Q4 24 | $99.9M | $1.4B | ||
| Q3 24 | $114.5M | $1.4B | ||
| Q2 24 | $123.7M | $1.3B | ||
| Q1 24 | $130.9M | $1.2B |
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.6B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $895.6M | $4.2B | ||
| Q4 24 | $782.1M | $4.2B | ||
| Q3 24 | $692.3M | $4.2B | ||
| Q2 24 | $716.3M | $4.0B | ||
| Q1 24 | $633.2M | $4.0B |
| Q4 25 | 1.80× | 0.28× | ||
| Q3 25 | 1.99× | 0.30× | ||
| Q2 25 | 2.29× | 0.39× | ||
| Q1 25 | 2.98× | 0.42× | ||
| Q4 24 | 3.22× | 0.52× | ||
| Q3 24 | 1.85× | 0.67× | ||
| Q2 24 | 1.71× | 0.72× | ||
| Q1 24 | 1.24× | 0.76× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | $-55.4M | $121.1M |
| FCF MarginFCF / Revenue | -5.5% | 6.5% |
| Capex IntensityCapex / Revenue | 0.5% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $142.9M | ||
| Q3 25 | $144.6M | $182.9M | ||
| Q2 25 | $29.1M | $78.5M | ||
| Q1 25 | $16.6M | $66.2M | ||
| Q4 24 | $-8.7M | $298.3M | ||
| Q3 24 | $26.2M | $222.5M | ||
| Q2 24 | $23.5M | $16.1M | ||
| Q1 24 | $-6.2M | $-28.5M |
| Q4 25 | $-55.4M | $121.1M | ||
| Q3 25 | $139.1M | $148.4M | ||
| Q2 25 | $21.1M | $45.3M | ||
| Q1 25 | $8.4M | $25.6M | ||
| Q4 24 | $-18.0M | $270.0M | ||
| Q3 24 | $16.9M | $158.8M | ||
| Q2 24 | $11.8M | $-8.1M | ||
| Q1 24 | $-17.4M | $-38.9M |
| Q4 25 | -5.5% | 6.5% | ||
| Q3 25 | 14.0% | 6.8% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 0.9% | 1.6% | ||
| Q4 24 | -2.6% | 15.5% | ||
| Q3 24 | 2.4% | 9.6% | ||
| Q2 24 | 1.7% | -0.5% | ||
| Q1 24 | -2.8% | -2.8% |
| Q4 25 | 0.5% | 1.2% | ||
| Q3 25 | 0.6% | 1.6% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.9% | 2.5% | ||
| Q4 24 | 1.3% | 1.6% | ||
| Q3 24 | 1.3% | 3.9% | ||
| Q2 24 | 1.7% | 1.5% | ||
| Q1 24 | 1.8% | 0.7% |
| Q4 25 | — | 2.76× | ||
| Q3 25 | 38.77× | 1.93× | ||
| Q2 25 | 1.86× | 0.93× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 5.53× | ||
| Q3 24 | — | 3.81× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | -1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
