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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and SS&C Technologies Holdings Inc (SSNC). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× Alignment Healthcare, Inc.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs -1.1%, a 14.8% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 8.8%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
ALHC vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.6B |
| Net Profit | $-11.0M | $226.1M |
| Gross Margin | — | 48.7% |
| Operating Margin | -1.0% | 24.2% |
| Net Margin | -1.1% | 13.7% |
| Revenue YoY | 44.4% | 8.8% |
| Net Profit YoY | 64.6% | 6.2% |
| EPS (diluted) | $-0.04 | $0.91 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $993.7M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $926.9M | $1.5B | ||
| Q4 24 | $701.2M | $1.5B | ||
| Q3 24 | $692.4M | $1.5B | ||
| Q2 24 | $681.3M | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $-11.0M | $193.1M | ||
| Q3 25 | $3.7M | $210.0M | ||
| Q2 25 | $15.7M | $180.8M | ||
| Q1 25 | $-9.1M | $213.0M | ||
| Q4 24 | $-31.1M | $248.2M | ||
| Q3 24 | $-26.4M | $164.4M | ||
| Q2 24 | $-24.0M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | -1.0% | 22.3% | ||
| Q3 25 | 0.8% | 23.3% | ||
| Q2 25 | 2.2% | 22.4% | ||
| Q1 25 | -0.6% | 23.6% | ||
| Q4 24 | -3.2% | 23.4% | ||
| Q3 24 | -2.8% | 22.2% | ||
| Q2 24 | -2.7% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | -1.1% | 11.7% | ||
| Q3 25 | 0.4% | 13.4% | ||
| Q2 25 | 1.5% | 11.8% | ||
| Q1 25 | -1.0% | 14.1% | ||
| Q4 24 | -4.4% | 16.2% | ||
| Q3 24 | -3.8% | 11.2% | ||
| Q2 24 | -3.5% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $-0.04 | $0.76 | ||
| Q3 25 | $0.02 | $0.83 | ||
| Q2 25 | $0.07 | $0.72 | ||
| Q1 25 | $-0.05 | $0.84 | ||
| Q4 24 | $-0.15 | $0.98 | ||
| Q3 24 | $-0.14 | $0.65 | ||
| Q2 24 | $-0.13 | $0.75 |
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 | $420.9M |
| Total DebtLower is stronger | $323.2M | $7.4B |
| Stockholders' EquityBook value | $179.3M | $6.9B |
| Total Assets | $1.1B | $20.3B |
| Debt / EquityLower = less leverage | 1.80× | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $604.2M | $462.1M | ||
| Q3 25 | $644.1M | $388.3M | ||
| Q2 25 | $503.8M | $480.3M | ||
| Q1 25 | $479.5M | $515.0M | ||
| Q4 24 | $470.6M | $567.1M | ||
| Q3 24 | $381.0M | $694.7M | ||
| Q2 24 | $363.7M | $462.7M |
| Q1 26 | — | $7.4B | ||
| 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 26 | — | $6.9B | ||
| Q4 25 | $179.3M | $6.9B | ||
| Q3 25 | $161.9M | $6.9B | ||
| Q2 25 | $141.0M | $6.9B | ||
| Q1 25 | $108.1M | $6.8B | ||
| Q4 24 | $99.9M | $6.5B | ||
| Q3 24 | $114.5M | $6.8B | ||
| Q2 24 | $123.7M | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $1.1B | $20.7B | ||
| Q3 25 | $1.1B | $19.5B | ||
| Q2 25 | $1.0B | $19.0B | ||
| Q1 25 | $895.6M | $20.4B | ||
| Q4 24 | $782.1M | $19.0B | ||
| Q3 24 | $692.3M | $18.4B | ||
| Q2 24 | $716.3M | $16.9B |
| Q1 26 | — | 1.08× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-50.4M | $299.7M |
| Free Cash FlowOCF − Capex | $-55.4M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 0.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $-50.4M | $643.5M | ||
| Q3 25 | $144.6M | $456.2M | ||
| Q2 25 | $29.1M | $372.9M | ||
| Q1 25 | $16.6M | $272.2M | ||
| Q4 24 | $-8.7M | $486.6M | ||
| Q3 24 | $26.2M | $336.6M | ||
| Q2 24 | $23.5M | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $633.0M | ||
| Q3 25 | $139.1M | $421.5M | ||
| Q2 25 | $21.1M | $350.0M | ||
| Q1 25 | $8.4M | $259.5M | ||
| Q4 24 | $-18.0M | $466.9M | ||
| Q3 24 | $16.9M | $310.7M | ||
| Q2 24 | $11.8M | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 38.3% | ||
| Q3 25 | 14.0% | 26.9% | ||
| Q2 25 | 2.1% | 22.8% | ||
| Q1 25 | 0.9% | 17.1% | ||
| Q4 24 | -2.6% | 30.5% | ||
| Q3 24 | 2.4% | 21.2% | ||
| Q2 24 | 1.7% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 0.6% | 2.2% | ||
| Q2 25 | 0.8% | 1.5% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 1.3% | 1.3% | ||
| Q3 24 | 1.3% | 1.8% | ||
| Q2 24 | 1.7% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | 38.77× | 2.17× | ||
| Q2 25 | 1.86× | 2.06× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | 2.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
