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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $566.0M, roughly 1.8× WillScot Holdings Corp). Alignment Healthcare, Inc. runs the higher net margin — -1.1% vs -33.1%, a 32.0% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
ALHC vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $566.0M |
| Net Profit | $-11.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | -1.0% | -32.5% |
| Net Margin | -1.1% | -33.1% |
| Revenue YoY | 44.4% | -6.1% |
| Net Profit YoY | 64.6% | -310.0% |
| EPS (diluted) | $-0.04 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $993.7M | $566.8M | ||
| Q2 25 | $1.0B | $589.1M | ||
| Q1 25 | $926.9M | $559.6M | ||
| Q4 24 | $701.2M | $602.5M | ||
| Q3 24 | $692.4M | $601.4M | ||
| Q2 24 | $681.3M | $604.6M | ||
| Q1 24 | $628.6M | $587.2M |
| Q4 25 | $-11.0M | $-187.3M | ||
| Q3 25 | $3.7M | $43.3M | ||
| Q2 25 | $15.7M | $47.9M | ||
| Q1 25 | $-9.1M | $43.1M | ||
| Q4 24 | $-31.1M | $89.2M | ||
| Q3 24 | $-26.4M | $-70.5M | ||
| Q2 24 | $-24.0M | $-46.9M | ||
| Q1 24 | $-46.5M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | -1.0% | -32.5% | ||
| Q3 25 | 0.8% | 21.0% | ||
| Q2 25 | 2.2% | 21.5% | ||
| Q1 25 | -0.6% | 21.3% | ||
| Q4 24 | -3.2% | 28.9% | ||
| Q3 24 | -2.8% | -5.9% | ||
| Q2 24 | -2.7% | -0.9% | ||
| Q1 24 | -6.5% | 22.1% |
| Q4 25 | -1.1% | -33.1% | ||
| Q3 25 | 0.4% | 7.6% | ||
| Q2 25 | 1.5% | 8.1% | ||
| Q1 25 | -1.0% | 7.7% | ||
| Q4 24 | -4.4% | 14.8% | ||
| Q3 24 | -3.8% | -11.7% | ||
| Q2 24 | -3.5% | -7.7% | ||
| Q1 24 | -7.4% | 9.6% |
| Q4 25 | $-0.04 | $-1.02 | ||
| Q3 25 | $0.02 | $0.24 | ||
| Q2 25 | $0.07 | $0.26 | ||
| Q1 25 | $-0.05 | $0.23 | ||
| Q4 24 | $-0.15 | $0.48 | ||
| Q3 24 | $-0.14 | $-0.37 | ||
| Q2 24 | $-0.13 | $-0.25 | ||
| Q1 24 | $-0.25 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $323.2M | $3.6B |
| Stockholders' EquityBook value | $179.3M | $856.3M |
| Total Assets | $1.1B | $5.8B |
| Debt / EquityLower = less leverage | 1.80× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $604.2M | $14.6M | ||
| Q3 25 | $644.1M | $14.8M | ||
| Q2 25 | $503.8M | $12.8M | ||
| Q1 25 | $479.5M | $10.7M | ||
| Q4 24 | $470.6M | $9.0M | ||
| Q3 24 | $381.0M | $11.0M | ||
| Q2 24 | $363.7M | $5.9M | ||
| Q1 24 | $301.7M | $13.1M |
| Q4 25 | $323.2M | $3.6B | ||
| Q3 25 | $322.7M | $3.6B | ||
| Q2 25 | $322.3M | $3.7B | ||
| Q1 25 | $321.9M | $3.6B | ||
| Q4 24 | $321.4M | $3.7B | ||
| Q3 24 | $212.0M | $3.6B | ||
| Q2 24 | $211.7M | $3.5B | ||
| Q1 24 | $162.0M | $3.5B |
| Q4 25 | $179.3M | $856.3M | ||
| Q3 25 | $161.9M | $1.1B | ||
| Q2 25 | $141.0M | $1.0B | ||
| Q1 25 | $108.1M | $1.0B | ||
| Q4 24 | $99.9M | $1.0B | ||
| Q3 24 | $114.5M | $1.1B | ||
| Q2 24 | $123.7M | $1.2B | ||
| Q1 24 | $130.9M | $1.3B |
| Q4 25 | $1.1B | $5.8B | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.0B | $6.1B | ||
| Q1 25 | $895.6M | $6.0B | ||
| Q4 24 | $782.1M | $6.0B | ||
| Q3 24 | $692.3M | $6.0B | ||
| Q2 24 | $716.3M | $6.0B | ||
| Q1 24 | $633.2M | $6.2B |
| Q4 25 | 1.80× | 4.15× | ||
| Q3 25 | 1.99× | 3.39× | ||
| Q2 25 | 2.29× | 3.55× | ||
| Q1 25 | 2.98× | 3.56× | ||
| Q4 24 | 3.22× | 3.62× | ||
| Q3 24 | 1.85× | 3.42× | ||
| Q2 24 | 1.71× | 2.88× | ||
| Q1 24 | 1.24× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $-55.4M | $149.7M |
| FCF MarginFCF / Revenue | -5.5% | 26.5% |
| Capex IntensityCapex / Revenue | 0.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $113.1M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-50.4M | $158.9M | ||
| Q3 25 | $144.6M | $191.2M | ||
| Q2 25 | $29.1M | $205.3M | ||
| Q1 25 | $16.6M | $206.6M | ||
| Q4 24 | $-8.7M | $178.9M | ||
| Q3 24 | $26.2M | $-1.6M | ||
| Q2 24 | $23.5M | $175.6M | ||
| Q1 24 | $-6.2M | $208.7M |
| Q4 25 | $-55.4M | $149.7M | ||
| Q3 25 | $139.1M | $186.9M | ||
| Q2 25 | $21.1M | $199.0M | ||
| Q1 25 | $8.4M | $202.0M | ||
| Q4 24 | $-18.0M | $176.6M | ||
| Q3 24 | $16.9M | $-4.9M | ||
| Q2 24 | $11.8M | $169.4M | ||
| Q1 24 | $-17.4M | $202.1M |
| Q4 25 | -5.5% | 26.5% | ||
| Q3 25 | 14.0% | 33.0% | ||
| Q2 25 | 2.1% | 33.8% | ||
| Q1 25 | 0.9% | 36.1% | ||
| Q4 24 | -2.6% | 29.3% | ||
| Q3 24 | 2.4% | -0.8% | ||
| Q2 24 | 1.7% | 28.0% | ||
| Q1 24 | -2.8% | 34.4% |
| Q4 25 | 0.5% | 1.6% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 1.3% | 0.4% | ||
| Q3 24 | 1.3% | 0.6% | ||
| Q2 24 | 1.7% | 1.0% | ||
| Q1 24 | 1.8% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 4.41× | ||
| Q2 25 | 1.86× | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALHC
Segment breakdown not available.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
