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Side-by-side financial comparison of Alignment Healthcare, Inc. (ALHC) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

Alignment Healthcare, Inc. is the larger business by last-quarter revenue ($1.0B vs $625.1M, roughly 1.6× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -1.1%, a 14.5% gap on every dollar of revenue. On growth, Alignment Healthcare, Inc. posted the faster year-over-year revenue change (44.4% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-55.4M). Over the past eight quarters, Alignment Healthcare, Inc.'s revenue compounded faster (26.9% CAGR vs 4.6%).

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.

AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...

ALHC vs WTS — Head-to-Head

Bigger by revenue
ALHC
ALHC
1.6× larger
ALHC
$1.0B
$625.1M
WTS
Growing faster (revenue YoY)
ALHC
ALHC
+28.8% gap
ALHC
44.4%
15.7%
WTS
Higher net margin
WTS
WTS
14.5% more per $
WTS
13.4%
-1.1%
ALHC
More free cash flow
WTS
WTS
$195.7M more FCF
WTS
$140.3M
$-55.4M
ALHC
Faster 2-yr revenue CAGR
ALHC
ALHC
Annualised
ALHC
26.9%
4.6%
WTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALHC
ALHC
WTS
WTS
Revenue
$1.0B
$625.1M
Net Profit
$-11.0M
$83.7M
Gross Margin
49.5%
Operating Margin
-1.0%
18.2%
Net Margin
-1.1%
13.4%
Revenue YoY
44.4%
15.7%
Net Profit YoY
64.6%
24.0%
EPS (diluted)
$-0.04
$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
WTS
WTS
Q4 25
$1.0B
$625.1M
Q3 25
$993.7M
$611.7M
Q2 25
$1.0B
$643.7M
Q1 25
$926.9M
$558.0M
Q4 24
$701.2M
$540.4M
Q3 24
$692.4M
$543.6M
Q2 24
$681.3M
$597.3M
Q1 24
$628.6M
$570.9M
Net Profit
ALHC
ALHC
WTS
WTS
Q4 25
$-11.0M
$83.7M
Q3 25
$3.7M
$82.2M
Q2 25
$15.7M
$100.9M
Q1 25
$-9.1M
$74.0M
Q4 24
$-31.1M
$67.5M
Q3 24
$-26.4M
$69.1M
Q2 24
$-24.0M
$82.0M
Q1 24
$-46.5M
$72.6M
Gross Margin
ALHC
ALHC
WTS
WTS
Q4 25
49.5%
Q3 25
48.8%
Q2 25
50.6%
Q1 25
48.8%
Q4 24
46.7%
Q3 24
47.3%
Q2 24
47.7%
Q1 24
46.9%
Operating Margin
ALHC
ALHC
WTS
WTS
Q4 25
-1.0%
18.2%
Q3 25
0.8%
18.2%
Q2 25
2.2%
21.0%
Q1 25
-0.6%
15.7%
Q4 24
-3.2%
16.5%
Q3 24
-2.8%
17.1%
Q2 24
-2.7%
18.7%
Q1 24
-6.5%
16.9%
Net Margin
ALHC
ALHC
WTS
WTS
Q4 25
-1.1%
13.4%
Q3 25
0.4%
13.4%
Q2 25
1.5%
15.7%
Q1 25
-1.0%
13.3%
Q4 24
-4.4%
12.5%
Q3 24
-3.8%
12.7%
Q2 24
-3.5%
13.7%
Q1 24
-7.4%
12.7%
EPS (diluted)
ALHC
ALHC
WTS
WTS
Q4 25
$-0.04
$2.50
Q3 25
$0.02
$2.45
Q2 25
$0.07
$3.01
Q1 25
$-0.05
$2.21
Q4 24
$-0.15
$2.02
Q3 24
$-0.14
$2.06
Q2 24
$-0.13
$2.44
Q1 24
$-0.25
$2.17

Balance Sheet & Financial Strength

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

Metric
ALHC
ALHC
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$604.2M
$405.5M
Total DebtLower is stronger
$323.2M
Stockholders' EquityBook value
$179.3M
$2.0B
Total Assets
$1.1B
$2.9B
Debt / EquityLower = less leverage
1.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALHC
ALHC
WTS
WTS
Q4 25
$604.2M
$405.5M
Q3 25
$644.1M
$457.7M
Q2 25
$503.8M
$369.3M
Q1 25
$479.5M
$336.8M
Q4 24
$470.6M
$386.9M
Q3 24
$381.0M
$303.9M
Q2 24
$363.7M
$279.4M
Q1 24
$301.7M
$237.1M
Total Debt
ALHC
ALHC
WTS
WTS
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
Stockholders' Equity
ALHC
ALHC
WTS
WTS
Q4 25
$179.3M
$2.0B
Q3 25
$161.9M
$2.0B
Q2 25
$141.0M
$1.9B
Q1 25
$108.1M
$1.8B
Q4 24
$99.9M
$1.7B
Q3 24
$114.5M
$1.7B
Q2 24
$123.7M
$1.6B
Q1 24
$130.9M
$1.6B
Total Assets
ALHC
ALHC
WTS
WTS
Q4 25
$1.1B
$2.9B
Q3 25
$1.1B
$2.7B
Q2 25
$1.0B
$2.6B
Q1 25
$895.6M
$2.5B
Q4 24
$782.1M
$2.4B
Q3 24
$692.3M
$2.4B
Q2 24
$716.3M
$2.4B
Q1 24
$633.2M
$2.3B
Debt / Equity
ALHC
ALHC
WTS
WTS
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
ALHC
ALHC
WTS
WTS
Operating Cash FlowLast quarter
$-50.4M
$154.7M
Free Cash FlowOCF − Capex
$-55.4M
$140.3M
FCF MarginFCF / Revenue
-5.5%
22.4%
Capex IntensityCapex / Revenue
0.5%
2.3%
Cash ConversionOCF / Net Profit
1.85×
TTM Free Cash FlowTrailing 4 quarters
$113.1M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALHC
ALHC
WTS
WTS
Q4 25
$-50.4M
$154.7M
Q3 25
$144.6M
$122.4M
Q2 25
$29.1M
$69.7M
Q1 25
$16.6M
$55.2M
Q4 24
$-8.7M
$139.5M
Q3 24
$26.2M
$90.7M
Q2 24
$23.5M
$85.3M
Q1 24
$-6.2M
$45.6M
Free Cash Flow
ALHC
ALHC
WTS
WTS
Q4 25
$-55.4M
$140.3M
Q3 25
$139.1M
$110.9M
Q2 25
$21.1M
$59.5M
Q1 25
$8.4M
$45.6M
Q4 24
$-18.0M
$127.5M
Q3 24
$16.9M
$84.3M
Q2 24
$11.8M
$78.5M
Q1 24
$-17.4M
$35.5M
FCF Margin
ALHC
ALHC
WTS
WTS
Q4 25
-5.5%
22.4%
Q3 25
14.0%
18.1%
Q2 25
2.1%
9.2%
Q1 25
0.9%
8.2%
Q4 24
-2.6%
23.6%
Q3 24
2.4%
15.5%
Q2 24
1.7%
13.1%
Q1 24
-2.8%
6.2%
Capex Intensity
ALHC
ALHC
WTS
WTS
Q4 25
0.5%
2.3%
Q3 25
0.6%
1.9%
Q2 25
0.8%
1.6%
Q1 25
0.9%
1.7%
Q4 24
1.3%
2.2%
Q3 24
1.3%
1.2%
Q2 24
1.7%
1.1%
Q1 24
1.8%
1.8%
Cash Conversion
ALHC
ALHC
WTS
WTS
Q4 25
1.85×
Q3 25
38.77×
1.49×
Q2 25
1.86×
0.69×
Q1 25
0.75×
Q4 24
2.07×
Q3 24
1.31×
Q2 24
1.04×
Q1 24
0.63×

Financial Flow Comparison

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

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