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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Alignment Healthcare, Inc.). SEALED AIR CORP runs the higher net margin — 3.1% vs -1.1%, a 4.2% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
ALHC vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.4B |
| Net Profit | $-11.0M | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | -1.0% | 11.4% |
| Net Margin | -1.1% | 3.1% |
| Revenue YoY | 44.4% | 2.6% |
| Net Profit YoY | 64.6% | 700.0% |
| EPS (diluted) | $-0.04 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $993.7M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $926.9M | $1.3B | ||
| Q4 24 | $701.2M | $1.4B | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $1.3B | ||
| Q1 24 | $628.6M | $1.3B |
| Q4 25 | $-11.0M | $43.8M | ||
| Q3 25 | $3.7M | $255.1M | ||
| Q2 25 | $15.7M | $93.1M | ||
| Q1 25 | $-9.1M | $113.5M | ||
| Q4 24 | $-31.1M | $-7.3M | ||
| Q3 24 | $-26.4M | $91.7M | ||
| Q2 24 | $-24.0M | $98.3M | ||
| Q1 24 | $-46.5M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | -1.0% | 11.4% | ||
| Q3 25 | 0.8% | 13.8% | ||
| Q2 25 | 2.2% | 15.0% | ||
| Q1 25 | -0.6% | 14.5% | ||
| Q4 24 | -3.2% | 11.7% | ||
| Q3 24 | -2.8% | 13.9% | ||
| Q2 24 | -2.7% | 15.4% | ||
| Q1 24 | -6.5% | 14.0% |
| Q4 25 | -1.1% | 3.1% | ||
| Q3 25 | 0.4% | 19.0% | ||
| Q2 25 | 1.5% | 7.0% | ||
| Q1 25 | -1.0% | 9.0% | ||
| Q4 24 | -4.4% | -0.5% | ||
| Q3 24 | -3.8% | 6.9% | ||
| Q2 24 | -3.5% | 7.4% | ||
| Q1 24 | -7.4% | 6.2% |
| Q4 25 | $-0.04 | $0.30 | ||
| Q3 25 | $0.02 | $1.73 | ||
| Q2 25 | $0.07 | $0.63 | ||
| Q1 25 | $-0.05 | $0.77 | ||
| Q4 24 | $-0.15 | $-0.05 | ||
| Q3 24 | $-0.14 | $0.63 | ||
| Q2 24 | $-0.13 | $0.67 | ||
| Q1 24 | $-0.25 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $323.2M | $3.3B |
| Stockholders' EquityBook value | $179.3M | $1.2B |
| Total Assets | $1.1B | $7.0B |
| Debt / EquityLower = less leverage | 1.80× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $344.0M | ||
| Q3 25 | $644.1M | $282.5M | ||
| Q2 25 | $503.8M | $354.4M | ||
| Q1 25 | $479.5M | $335.2M | ||
| Q4 24 | $470.6M | $371.8M | ||
| Q3 24 | $381.0M | $386.0M | ||
| Q2 24 | $363.7M | $388.6M | ||
| Q1 24 | $301.7M | $352.8M |
| Q4 25 | $323.2M | $3.3B | ||
| Q3 25 | $322.7M | $4.0B | ||
| Q2 25 | $322.3M | $4.0B | ||
| Q1 25 | $321.9M | $4.2B | ||
| Q4 24 | $321.4M | $4.2B | ||
| Q3 24 | $212.0M | $4.3B | ||
| Q2 24 | $211.7M | $4.4B | ||
| Q1 24 | $162.0M | $4.5B |
| Q4 25 | $179.3M | $1.2B | ||
| Q3 25 | $161.9M | $1.2B | ||
| Q2 25 | $141.0M | $953.1M | ||
| Q1 25 | $108.1M | $797.9M | ||
| Q4 24 | $99.9M | $624.5M | ||
| Q3 24 | $114.5M | $771.2M | ||
| Q2 24 | $123.7M | $650.1M | ||
| Q1 24 | $130.9M | $598.3M |
| Q4 25 | $1.1B | $7.0B | ||
| Q3 25 | $1.1B | $7.1B | ||
| Q2 25 | $1.0B | $7.2B | ||
| Q1 25 | $895.6M | $7.0B | ||
| Q4 24 | $782.1M | $7.0B | ||
| Q3 24 | $692.3M | $7.3B | ||
| Q2 24 | $716.3M | $7.3B | ||
| Q1 24 | $633.2M | $7.2B |
| Q4 25 | 1.80× | 2.65× | ||
| Q3 25 | 1.99× | 3.34× | ||
| Q2 25 | 2.29× | 4.18× | ||
| Q1 25 | 2.98× | 5.26× | ||
| Q4 24 | 3.22× | 6.72× | ||
| Q3 24 | 1.85× | 5.62× | ||
| Q2 24 | 1.71× | 6.81× | ||
| Q1 24 | 1.24× | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $-55.4M | $257.7M |
| FCF MarginFCF / Revenue | -5.5% | 18.5% |
| Capex IntensityCapex / Revenue | 0.5% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $293.6M | ||
| Q3 25 | $144.6M | $165.9M | ||
| Q2 25 | $29.1M | $136.6M | ||
| Q1 25 | $16.6M | $31.9M | ||
| Q4 24 | $-8.7M | $244.2M | ||
| Q3 24 | $26.2M | $170.5M | ||
| Q2 24 | $23.5M | $188.2M | ||
| Q1 24 | $-6.2M | $125.1M |
| Q4 25 | $-55.4M | $257.7M | ||
| Q3 25 | $139.1M | $119.6M | ||
| Q2 25 | $21.1M | $93.2M | ||
| Q1 25 | $8.4M | $-12.0M | ||
| Q4 24 | $-18.0M | $185.1M | ||
| Q3 24 | $16.9M | $115.2M | ||
| Q2 24 | $11.8M | $129.5M | ||
| Q1 24 | $-17.4M | $78.0M |
| Q4 25 | -5.5% | 18.5% | ||
| Q3 25 | 14.0% | 8.9% | ||
| Q2 25 | 2.1% | 7.0% | ||
| Q1 25 | 0.9% | -0.9% | ||
| Q4 24 | -2.6% | 13.6% | ||
| Q3 24 | 2.4% | 8.6% | ||
| Q2 24 | 1.7% | 9.7% | ||
| Q1 24 | -2.8% | 5.9% |
| Q4 25 | 0.5% | 2.6% | ||
| Q3 25 | 0.6% | 3.4% | ||
| Q2 25 | 0.8% | 3.3% | ||
| Q1 25 | 0.9% | 3.5% | ||
| Q4 24 | 1.3% | 4.4% | ||
| Q3 24 | 1.3% | 4.1% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 1.8% | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | 38.77× | 0.65× | ||
| Q2 25 | 1.86× | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
