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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). 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× MARRIOTT VACATIONS WORLDWIDE Corp). Alignment Healthcare, Inc. runs the higher net margin — 0.9% vs -35.0%, a 35.9% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -74.7%). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (34.6% CAGR vs 5.2%).
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.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
ALHC vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $11.4M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 0.9% | -35.0% |
| Revenue YoY | -74.7% | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | — | $-12.00 |
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 | $1.2B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $993.7M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $926.9M | $1.1B | ||
| Q4 24 | $701.2M | $1.2B | ||
| Q3 24 | $692.4M | $1.2B | ||
| Q2 24 | $681.3M | $1.1B |
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $-431.0M | ||
| Q3 25 | $3.7M | $-2.0M | ||
| Q2 25 | $15.7M | $69.0M | ||
| Q1 25 | $-9.1M | $56.0M | ||
| Q4 24 | $-31.1M | $50.0M | ||
| Q3 24 | $-26.4M | $84.0M | ||
| Q2 24 | $-24.0M | $37.0M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | -2.7% | — |
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | -35.0% | ||
| Q3 25 | 0.4% | -0.2% | ||
| Q2 25 | 1.5% | 6.0% | ||
| Q1 25 | -1.0% | 5.0% | ||
| Q4 24 | -4.4% | 4.0% | ||
| Q3 24 | -3.8% | 6.9% | ||
| Q2 24 | -3.5% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $-12.00 | ||
| Q3 25 | $0.02 | $-0.07 | ||
| Q2 25 | $0.07 | $1.77 | ||
| Q1 25 | $-0.05 | $1.46 | ||
| Q4 24 | $-0.15 | $1.29 | ||
| Q3 24 | $-0.14 | $2.12 | ||
| Q2 24 | $-0.13 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $705.6M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $206.9M | $2.0B |
| Total Assets | $1.3B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $406.0M | ||
| Q3 25 | $644.1M | $474.0M | ||
| Q2 25 | $503.8M | $205.0M | ||
| Q1 25 | $479.5M | $196.0M | ||
| Q4 24 | $470.6M | $197.0M | ||
| Q3 24 | $381.0M | $197.0M | ||
| Q2 24 | $363.7M | $206.0M |
| 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 | — |
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $2.0B | ||
| Q3 25 | $161.9M | $2.5B | ||
| Q2 25 | $141.0M | $2.5B | ||
| Q1 25 | $108.1M | $2.4B | ||
| Q4 24 | $99.9M | $2.4B | ||
| Q3 24 | $114.5M | $2.4B | ||
| Q2 24 | $123.7M | $2.4B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $9.8B | ||
| Q3 25 | $1.1B | $10.1B | ||
| Q2 25 | $1.0B | $9.9B | ||
| Q1 25 | $895.6M | $9.9B | ||
| Q4 24 | $782.1M | $9.8B | ||
| Q3 24 | $692.3M | $9.7B | ||
| Q2 24 | $716.3M | $9.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $128.7M | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 11.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $6.0M | ||
| Q3 25 | $144.6M | $62.0M | ||
| Q2 25 | $29.1M | $-48.0M | ||
| Q1 25 | $16.6M | $8.0M | ||
| Q4 24 | $-8.7M | $100.0M | ||
| Q3 24 | $26.2M | $72.0M | ||
| Q2 24 | $23.5M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $-6.0M | ||
| Q3 25 | $139.1M | $51.0M | ||
| Q2 25 | $21.1M | $-68.0M | ||
| Q1 25 | $8.4M | $-6.0M | ||
| Q4 24 | $-18.0M | $86.0M | ||
| Q3 24 | $16.9M | $58.0M | ||
| Q2 24 | $11.8M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -0.5% | ||
| Q3 25 | 14.0% | 4.3% | ||
| Q2 25 | 2.1% | -5.9% | ||
| Q1 25 | 0.9% | -0.5% | ||
| Q4 24 | -2.6% | 6.9% | ||
| Q3 24 | 2.4% | 4.8% | ||
| Q2 24 | 1.7% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.0% | ||
| Q3 25 | 0.6% | 0.9% | ||
| Q2 25 | 0.8% | 1.7% | ||
| Q1 25 | 0.9% | 1.3% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 1.3% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% |
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
