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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and SM Energy Co (SM). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $704.9M, roughly 1.4× SM Energy Co). On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs -17.3%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
ALHC vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $704.9M |
| Net Profit | $-11.0M | — |
| Gross Margin | — | — |
| Operating Margin | -1.0% | 25.9% |
| Net Margin | -1.1% | — |
| Revenue YoY | 44.4% | -17.3% |
| Net Profit YoY | 64.6% | — |
| 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 | $704.9M | ||
| Q3 25 | $993.7M | $811.6M | ||
| Q2 25 | $1.0B | $792.9M | ||
| Q1 25 | $926.9M | $844.5M | ||
| Q4 24 | $701.2M | $852.0M | ||
| Q3 24 | $692.4M | $643.6M | ||
| Q2 24 | $681.3M | $634.6M | ||
| Q1 24 | $628.6M | $559.9M |
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $3.7M | $155.1M | ||
| Q2 25 | $15.7M | $201.7M | ||
| Q1 25 | $-9.1M | $182.3M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | $240.5M | ||
| Q2 24 | $-24.0M | $210.3M | ||
| Q1 24 | $-46.5M | $131.2M |
| Q4 25 | -1.0% | 25.9% | ||
| Q3 25 | 0.8% | 30.4% | ||
| Q2 25 | 2.2% | 37.2% | ||
| Q1 25 | -0.6% | 32.7% | ||
| Q4 24 | -3.2% | 33.7% | ||
| Q3 24 | -2.8% | 51.4% | ||
| Q2 24 | -2.7% | 44.0% | ||
| Q1 24 | -6.5% | 31.9% |
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.4% | 19.1% | ||
| Q2 25 | 1.5% | 25.4% | ||
| Q1 25 | -1.0% | 21.6% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | 37.4% | ||
| Q2 24 | -3.5% | 33.1% | ||
| Q1 24 | -7.4% | 23.4% |
| Q4 25 | $-0.04 | $0.94 | ||
| Q3 25 | $0.02 | $1.35 | ||
| Q2 25 | $0.07 | $1.76 | ||
| Q1 25 | $-0.05 | $1.59 | ||
| Q4 24 | $-0.15 | $1.63 | ||
| Q3 24 | $-0.14 | $2.09 | ||
| Q2 24 | $-0.13 | $1.82 | ||
| Q1 24 | $-0.25 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $323.2M | — |
| Stockholders' EquityBook value | $179.3M | $4.8B |
| Total Assets | $1.1B | $9.3B |
| Debt / EquityLower = less leverage | 1.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $368.0M | ||
| Q3 25 | $644.1M | $162.3M | ||
| Q2 25 | $503.8M | $101.9M | ||
| Q1 25 | $479.5M | $54.0K | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | $1.7B | ||
| Q2 24 | $363.7M | $487.9M | ||
| Q1 24 | $301.7M | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $161.9M | $4.7B | ||
| Q2 25 | $141.0M | $4.6B | ||
| Q1 25 | $108.1M | $4.4B | ||
| Q4 24 | $99.9M | $4.2B | ||
| Q3 24 | $114.5M | $4.1B | ||
| Q2 24 | $123.7M | $3.8B | ||
| Q1 24 | $130.9M | $3.7B |
| Q4 25 | $1.1B | $9.3B | ||
| Q3 25 | $1.1B | $9.1B | ||
| Q2 25 | $1.0B | $9.0B | ||
| Q1 25 | $895.6M | $8.8B | ||
| Q4 24 | $782.1M | $8.6B | ||
| Q3 24 | $692.3M | $8.0B | ||
| Q2 24 | $716.3M | $6.7B | ||
| Q1 24 | $633.2M | $6.4B |
| 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 | $451.9M |
| Free Cash FlowOCF − Capex | $-55.4M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $451.9M | ||
| Q3 25 | $144.6M | $505.0M | ||
| Q2 25 | $29.1M | $571.1M | ||
| Q1 25 | $16.6M | $483.0M | ||
| Q4 24 | $-8.7M | $578.4M | ||
| Q3 24 | $26.2M | $452.3M | ||
| Q2 24 | $23.5M | $476.4M | ||
| Q1 24 | $-6.2M | $276.0M |
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | — | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-17.4M | — |
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | -2.8% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 3.26× | ||
| Q2 25 | 1.86× | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
