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

SEABOARD CORP is the larger business by last-quarter revenue ($2.4B vs $1.2B, roughly 2.0× Alignment Healthcare, Inc.). SEABOARD CORP runs the higher net margin — 10.6% vs 0.9%, a 9.7% gap on every dollar of revenue. On growth, SEABOARD CORP posted the faster year-over-year revenue change (-2.9% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 4.9%).

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.

Seaboard Corporation is a diverse multinational agribusiness and transportation conglomerate with integrated operations in several industries. In the United States, the company mainly engages in pork production and processing and ocean transportation. Internationally, Seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electrical power generation. The parent company, Seaboard Corporation is based in the Kansas City suburb of Merriam, Kansas. Its su...

ALHC vs SEB — Head-to-Head

Bigger by revenue
SEB
SEB
2.0× larger
SEB
$2.4B
$1.2B
ALHC
Growing faster (revenue YoY)
SEB
SEB
+71.8% gap
SEB
-2.9%
-74.7%
ALHC
Higher net margin
SEB
SEB
9.7% more per $
SEB
10.6%
0.9%
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
34.6%
4.9%
SEB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALHC
ALHC
SEB
SEB
Revenue
$1.2B
$2.4B
Net Profit
$11.4M
$255.0M
Gross Margin
7.9%
Operating Margin
2.7%
Net Margin
0.9%
10.6%
Revenue YoY
-74.7%
-2.9%
Net Profit YoY
63.5%
EPS (diluted)
$262.58

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
SEB
SEB
Q1 26
$1.2B
Q4 25
$1.0B
$2.4B
Q3 25
$993.7M
$2.5B
Q2 25
$1.0B
$2.5B
Q1 25
$926.9M
$2.3B
Q4 24
$701.2M
$2.5B
Q3 24
$692.4M
$2.2B
Q2 24
$681.3M
$2.2B
Net Profit
ALHC
ALHC
SEB
SEB
Q1 26
$11.4M
Q4 25
$-11.0M
$255.0M
Q3 25
$3.7M
$110.0M
Q2 25
$15.7M
$104.0M
Q1 25
$-9.1M
$32.0M
Q4 24
$-31.1M
$156.0M
Q3 24
$-26.4M
$-149.0M
Q2 24
$-24.0M
$61.0M
Gross Margin
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
7.9%
Q3 25
7.8%
Q2 25
6.5%
Q1 25
6.1%
Q4 24
9.0%
Q3 24
6.2%
Q2 24
5.8%
Operating Margin
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
-1.0%
2.7%
Q3 25
0.8%
3.3%
Q2 25
2.2%
2.1%
Q1 25
-0.6%
1.6%
Q4 24
-3.2%
4.6%
Q3 24
-2.8%
1.4%
Q2 24
-2.7%
1.4%
Net Margin
ALHC
ALHC
SEB
SEB
Q1 26
0.9%
Q4 25
-1.1%
10.6%
Q3 25
0.4%
4.3%
Q2 25
1.5%
4.2%
Q1 25
-1.0%
1.4%
Q4 24
-4.4%
6.3%
Q3 24
-3.8%
-6.7%
Q2 24
-3.5%
2.8%
EPS (diluted)
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
$-0.04
$262.58
Q3 25
$0.02
$113.71
Q2 25
$0.07
$105.22
Q1 25
$-0.05
$32.95
Q4 24
$-0.15
$158.58
Q3 24
$-0.14
$-153.44
Q2 24
$-0.13
$62.82

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
SEB
SEB
Cash + ST InvestmentsLiquidity on hand
$705.6M
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
$5.2B
Total Assets
$1.3B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
SEB
SEB
Q1 26
$705.6M
Q4 25
$604.2M
$1.2B
Q3 25
$644.1M
$1.2B
Q2 25
$503.8M
$1.1B
Q1 25
$479.5M
$1.1B
Q4 24
$470.6M
$1.2B
Q3 24
$381.0M
$1.2B
Q2 24
$363.7M
$1.2B
Total Debt
ALHC
ALHC
SEB
SEB
Q1 26
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
Stockholders' Equity
ALHC
ALHC
SEB
SEB
Q1 26
$206.9M
Q4 25
$179.3M
$5.2B
Q3 25
$161.9M
$5.0B
Q2 25
$141.0M
$4.8B
Q1 25
$108.1M
$4.7B
Q4 24
$99.9M
$4.7B
Q3 24
$114.5M
$4.5B
Q2 24
$123.7M
$4.7B
Total Assets
ALHC
ALHC
SEB
SEB
Q1 26
$1.3B
Q4 25
$1.1B
$8.2B
Q3 25
$1.1B
$8.0B
Q2 25
$1.0B
$7.9B
Q1 25
$895.6M
$7.6B
Q4 24
$782.1M
$7.7B
Q3 24
$692.3M
$7.5B
Q2 24
$716.3M
$7.7B
Debt / Equity
ALHC
ALHC
SEB
SEB
Q1 26
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×

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
SEB
SEB
Operating Cash FlowLast quarter
$128.7M
$188.0M
Free Cash FlowOCF − Capex
$53.0M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
11.27×
0.74×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
SEB
SEB
Q1 26
$128.7M
Q4 25
$-50.4M
$188.0M
Q3 25
$144.6M
$319.0M
Q2 25
$29.1M
$81.0M
Q1 25
$16.6M
$-20.0M
Q4 24
$-8.7M
$300.0M
Q3 24
$26.2M
$194.0M
Q2 24
$23.5M
$6.0M
Free Cash Flow
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
$-55.4M
$53.0M
Q3 25
$139.1M
$152.0M
Q2 25
$21.1M
$-70.0M
Q1 25
$8.4M
$-129.0M
Q4 24
$-18.0M
$162.0M
Q3 24
$16.9M
$58.0M
Q2 24
$11.8M
$-127.0M
FCF Margin
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
-5.5%
2.2%
Q3 25
14.0%
6.0%
Q2 25
2.1%
-2.8%
Q1 25
0.9%
-5.6%
Q4 24
-2.6%
6.5%
Q3 24
2.4%
2.6%
Q2 24
1.7%
-5.7%
Capex Intensity
ALHC
ALHC
SEB
SEB
Q1 26
Q4 25
0.5%
5.6%
Q3 25
0.6%
6.6%
Q2 25
0.8%
6.1%
Q1 25
0.9%
4.7%
Q4 24
1.3%
5.6%
Q3 24
1.3%
6.1%
Q2 24
1.7%
6.0%
Cash Conversion
ALHC
ALHC
SEB
SEB
Q1 26
11.27×
Q4 25
0.74×
Q3 25
38.77×
2.90×
Q2 25
1.86×
0.78×
Q1 25
-0.63×
Q4 24
1.92×
Q3 24
Q2 24
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALHC
ALHC

Segment breakdown not available.

SEB
SEB

Commodity Trading And Milling$1.3B52%
Pork Segment$469.0M19%
Marine$444.0M18%
Other$108.0M4%
Energy Service$56.0M2%
Product And Service Other Services$15.0M1%
Transportation$6.0M0%

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