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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $766.5M, roughly 1.3× SCANSOURCE, INC.). SCANSOURCE, INC. runs the higher net margin — 2.2% vs -1.1%, a 3.2% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 2.5%). SCANSOURCE, INC. produced more free cash flow last quarter ($28.9M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
ALHC vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $766.5M |
| Net Profit | $-11.0M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | -1.0% | 2.3% |
| Net Margin | -1.1% | 2.2% |
| Revenue YoY | 44.4% | 2.5% |
| Net Profit YoY | 64.6% | -3.3% |
| EPS (diluted) | $-0.04 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $993.7M | $739.6M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $926.9M | $704.8M | ||
| Q4 24 | $701.2M | $747.5M | ||
| Q3 24 | $692.4M | $775.6M | ||
| Q2 24 | $681.3M | $746.1M | ||
| Q1 24 | $628.6M | $752.6M |
| Q4 25 | $-11.0M | $16.5M | ||
| Q3 25 | $3.7M | $19.9M | ||
| Q2 25 | $15.7M | $20.1M | ||
| Q1 25 | $-9.1M | $17.4M | ||
| Q4 24 | $-31.1M | $17.1M | ||
| Q3 24 | $-26.4M | $17.0M | ||
| Q2 24 | $-24.0M | $16.1M | ||
| Q1 24 | $-46.5M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | -1.0% | 2.3% | ||
| Q3 25 | 0.8% | 3.5% | ||
| Q2 25 | 2.2% | 3.3% | ||
| Q1 25 | -0.6% | 3.2% | ||
| Q4 24 | -3.2% | 2.5% | ||
| Q3 24 | -2.8% | 2.3% | ||
| Q2 24 | -2.7% | 2.9% | ||
| Q1 24 | -6.5% | 2.3% |
| Q4 25 | -1.1% | 2.2% | ||
| Q3 25 | 0.4% | 2.7% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | -1.0% | 2.5% | ||
| Q4 24 | -4.4% | 2.3% | ||
| Q3 24 | -3.8% | 2.2% | ||
| Q2 24 | -3.5% | 2.2% | ||
| Q1 24 | -7.4% | 1.7% |
| Q4 25 | $-0.04 | $0.75 | ||
| Q3 25 | $0.02 | $0.89 | ||
| Q2 25 | $0.07 | $0.87 | ||
| Q1 25 | $-0.05 | $0.74 | ||
| Q4 24 | $-0.15 | $0.70 | ||
| Q3 24 | $-0.14 | $0.69 | ||
| Q2 24 | $-0.13 | $0.66 | ||
| Q1 24 | $-0.25 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $910.9M |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $83.5M | ||
| Q3 25 | $644.1M | $124.9M | ||
| Q2 25 | $503.8M | $126.2M | ||
| Q1 25 | $479.5M | $146.3M | ||
| Q4 24 | $470.6M | $110.5M | ||
| Q3 24 | $381.0M | $145.0M | ||
| Q2 24 | $363.7M | $185.5M | ||
| Q1 24 | $301.7M | $159.1M |
| 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 | — |
| Q4 25 | $179.3M | $910.9M | ||
| Q3 25 | $161.9M | $914.0M | ||
| Q2 25 | $141.0M | $906.4M | ||
| Q1 25 | $108.1M | $901.7M | ||
| Q4 24 | $99.9M | $900.7M | ||
| Q3 24 | $114.5M | $920.9M | ||
| Q2 24 | $123.7M | $924.3M | ||
| Q1 24 | $130.9M | $944.1M |
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $895.6M | $1.7B | ||
| Q4 24 | $782.1M | $1.7B | ||
| Q3 24 | $692.3M | $1.8B | ||
| Q2 24 | $716.3M | $1.8B | ||
| Q1 24 | $633.2M | $1.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-50.4M | $30.8M |
| Free Cash FlowOCF − Capex | $-55.4M | $28.9M |
| FCF MarginFCF / Revenue | -5.5% | 3.8% |
| Capex IntensityCapex / Revenue | 0.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $30.8M | ||
| Q3 25 | $144.6M | $23.2M | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $16.6M | $66.1M | ||
| Q4 24 | $-8.7M | $-6.2M | ||
| Q3 24 | $26.2M | $44.8M | ||
| Q2 24 | $23.5M | — | ||
| Q1 24 | $-6.2M | $160.2M |
| Q4 25 | $-55.4M | $28.9M | ||
| Q3 25 | $139.1M | $20.8M | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | $64.6M | ||
| Q4 24 | $-18.0M | $-8.2M | ||
| Q3 24 | $16.9M | $42.5M | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-17.4M | $157.7M |
| Q4 25 | -5.5% | 3.8% | ||
| Q3 25 | 14.0% | 2.8% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | 9.2% | ||
| Q4 24 | -2.6% | -1.1% | ||
| Q3 24 | 2.4% | 5.5% | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | -2.8% | 21.0% |
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | 0.8% | 0.3% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 1.7% | 0.2% | ||
| Q1 24 | 1.8% | 0.3% |
| Q4 25 | — | 1.87× | ||
| Q3 25 | 38.77× | 1.17× | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | 3.79× | ||
| Q4 24 | — | -0.36× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
