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

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× StoneX Group Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 0.9%, a 10.7% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs -74.7%). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 34.6%).

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.

StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).

ALHC vs SNEX — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.0× larger
ALHC
$1.2B
$1.2B
SNEX
Growing faster (revenue YoY)
SNEX
SNEX
+155.8% gap
SNEX
81.0%
-74.7%
ALHC
Higher net margin
SNEX
SNEX
10.7% more per $
SNEX
11.6%
0.9%
ALHC
Faster 2-yr revenue CAGR
SNEX
SNEX
Annualised
SNEX
53.5%
34.6%
ALHC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALHC
ALHC
SNEX
SNEX
Revenue
$1.2B
$1.2B
Net Profit
$11.4M
$139.0M
Gross Margin
Operating Margin
15.4%
Net Margin
0.9%
11.6%
Revenue YoY
-74.7%
81.0%
Net Profit YoY
63.3%
EPS (diluted)
$2.50

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
SNEX
SNEX
Q1 26
$1.2B
Q4 25
$1.0B
$1.2B
Q3 25
$993.7M
$32.7B
Q2 25
$1.0B
$851.2M
Q1 25
$926.9M
$820.4M
Q4 24
$701.2M
$663.1M
Q3 24
$692.4M
$31.1B
Q2 24
$681.3M
$571.8M
Net Profit
ALHC
ALHC
SNEX
SNEX
Q1 26
$11.4M
Q4 25
$-11.0M
$139.0M
Q3 25
$3.7M
$85.7M
Q2 25
$15.7M
$63.4M
Q1 25
$-9.1M
$71.7M
Q4 24
$-31.1M
$85.1M
Q3 24
$-26.4M
$76.7M
Q2 24
$-24.0M
$61.9M
Gross Margin
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
Q3 25
3.7%
Q2 25
Q1 25
Q4 24
Q3 24
3.0%
Q2 24
Operating Margin
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
-1.0%
15.4%
Q3 25
0.8%
0.3%
Q2 25
2.2%
-1.3%
Q1 25
-0.6%
-1.0%
Q4 24
-3.2%
-3.2%
Q3 24
-2.8%
-0.0%
Q2 24
-2.7%
-4.7%
Net Margin
ALHC
ALHC
SNEX
SNEX
Q1 26
0.9%
Q4 25
-1.1%
11.6%
Q3 25
0.4%
0.3%
Q2 25
1.5%
7.4%
Q1 25
-1.0%
8.7%
Q4 24
-4.4%
12.8%
Q3 24
-3.8%
0.2%
Q2 24
-3.5%
10.8%
EPS (diluted)
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
$-0.04
$2.50
Q3 25
$0.02
$0.72
Q2 25
$0.07
$1.22
Q1 25
$-0.05
$1.41
Q4 24
$-0.15
$1.69
Q3 24
$-0.14
$2.32
Q2 24
$-0.13
$1.25

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
SNEX
SNEX
Cash + ST InvestmentsLiquidity on hand
$705.6M
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$206.9M
$2.5B
Total Assets
$1.3B
$47.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
SNEX
SNEX
Q1 26
$705.6M
Q4 25
$604.2M
$1.6B
Q3 25
$644.1M
$1.6B
Q2 25
$503.8M
$1.3B
Q1 25
$479.5M
$1.3B
Q4 24
$470.6M
$1.4B
Q3 24
$381.0M
$1.3B
Q2 24
$363.7M
$1.2B
Total Debt
ALHC
ALHC
SNEX
SNEX
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
SNEX
SNEX
Q1 26
$206.9M
Q4 25
$179.3M
$2.5B
Q3 25
$161.9M
$2.4B
Q2 25
$141.0M
$2.0B
Q1 25
$108.1M
$1.9B
Q4 24
$99.9M
$1.8B
Q3 24
$114.5M
$1.7B
Q2 24
$123.7M
$1.6B
Total Assets
ALHC
ALHC
SNEX
SNEX
Q1 26
$1.3B
Q4 25
$1.1B
$47.8B
Q3 25
$1.1B
$45.3B
Q2 25
$1.0B
$34.3B
Q1 25
$895.6M
$31.3B
Q4 24
$782.1M
$29.6B
Q3 24
$692.3M
$27.5B
Q2 24
$716.3M
$25.9B
Debt / Equity
ALHC
ALHC
SNEX
SNEX
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
SNEX
SNEX
Operating Cash FlowLast quarter
$128.7M
$-1.3B
Free Cash FlowOCF − Capex
$-1.3B
FCF MarginFCF / Revenue
-106.4%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
11.27×
-9.08×
TTM Free Cash FlowTrailing 4 quarters
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
SNEX
SNEX
Q1 26
$128.7M
Q4 25
$-50.4M
$-1.3B
Q3 25
$144.6M
$3.5B
Q2 25
$29.1M
$1.5B
Q1 25
$16.6M
$-154.5M
Q4 24
$-8.7M
$-477.8M
Q3 24
$26.2M
$192.6M
Q2 24
$23.5M
$-622.1M
Free Cash Flow
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
$-55.4M
$-1.3B
Q3 25
$139.1M
$3.5B
Q2 25
$21.1M
$1.5B
Q1 25
$8.4M
$-169.8M
Q4 24
$-18.0M
$-491.4M
Q3 24
$16.9M
$175.9M
Q2 24
$11.8M
$-640.5M
FCF Margin
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
-5.5%
-106.4%
Q3 25
14.0%
10.7%
Q2 25
2.1%
173.3%
Q1 25
0.9%
-20.7%
Q4 24
-2.6%
-74.1%
Q3 24
2.4%
0.6%
Q2 24
1.7%
-112.0%
Capex Intensity
ALHC
ALHC
SNEX
SNEX
Q1 26
Q4 25
0.5%
1.3%
Q3 25
0.6%
0.1%
Q2 25
0.8%
1.9%
Q1 25
0.9%
1.9%
Q4 24
1.3%
2.1%
Q3 24
1.3%
0.1%
Q2 24
1.7%
3.2%
Cash Conversion
ALHC
ALHC
SNEX
SNEX
Q1 26
11.27×
Q4 25
-9.08×
Q3 25
38.77×
41.18×
Q2 25
1.86×
23.52×
Q1 25
-2.15×
Q4 24
-5.61×
Q3 24
2.51×
Q2 24
-10.05×

Financial Flow Comparison

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

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