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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and KAISER ALUMINUM CORP (KALU). Click either name above to swap in a different company.

KAISER ALUMINUM CORP is the larger business by last-quarter revenue ($929.0M vs $749.2M, roughly 1.2× CLOVER HEALTH INVESTMENTS, CORP.). CLOVER HEALTH INVESTMENTS, CORP. runs the higher net margin — 3.6% vs 3.0%, a 0.6% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (62.0% vs 21.4%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (45.0% CAGR vs 12.2%).

Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.

Kaiser Aluminum Corporation is an American aluminum producer. It is a spinoff from Kaiser Aluminum and Chemicals Corporation, which came to be when common stock was offered in Permanente Metals Corporation and Permanente Metals Corporation's name was changed to Kaiser Aluminum and Chemicals Corporation.

CLOV vs KALU — Head-to-Head

Bigger by revenue
KALU
KALU
1.2× larger
KALU
$929.0M
$749.2M
CLOV
Growing faster (revenue YoY)
CLOV
CLOV
+40.7% gap
CLOV
62.0%
21.4%
KALU
Higher net margin
CLOV
CLOV
0.6% more per $
CLOV
3.6%
3.0%
KALU
Faster 2-yr revenue CAGR
CLOV
CLOV
Annualised
CLOV
45.0%
12.2%
KALU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLOV
CLOV
KALU
KALU
Revenue
$749.2M
$929.0M
Net Profit
$27.3M
$28.2M
Gross Margin
13.3%
Operating Margin
3.6%
6.5%
Net Margin
3.6%
3.0%
Revenue YoY
62.0%
21.4%
Net Profit YoY
42.4%
EPS (diluted)
$0.05
$1.67

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
CLOV
CLOV
KALU
KALU
Q1 26
$749.2M
Q4 25
$487.7M
$929.0M
Q3 25
$496.6M
$843.5M
Q2 25
$477.6M
$823.1M
Q1 25
$462.3M
$777.4M
Q4 24
$337.0M
$765.4M
Q3 24
$331.0M
$747.7M
Q2 24
$356.3M
$773.4M
Net Profit
CLOV
CLOV
KALU
KALU
Q1 26
$27.3M
Q4 25
$-49.3M
$28.2M
Q3 25
$-24.4M
$39.5M
Q2 25
$-10.6M
$23.2M
Q1 25
$-1.3M
$21.6M
Q4 24
$-22.1M
$19.8M
Q3 24
$-9.2M
$8.8M
Q2 24
$7.4M
$18.9M
Gross Margin
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
13.3%
Q3 25
13.6%
Q2 25
12.2%
Q1 25
13.4%
Q4 24
12.5%
Q3 24
24.5%
9.6%
Q2 24
30.3%
13.4%
Operating Margin
CLOV
CLOV
KALU
KALU
Q1 26
3.6%
Q4 25
-10.1%
6.5%
Q3 25
-4.9%
5.8%
Q2 25
-2.2%
4.6%
Q1 25
-0.3%
5.3%
Q4 24
-6.4%
5.0%
Q3 24
-2.7%
1.8%
Q2 24
2.0%
4.7%
Net Margin
CLOV
CLOV
KALU
KALU
Q1 26
3.6%
Q4 25
-10.1%
3.0%
Q3 25
-4.9%
4.7%
Q2 25
-2.2%
2.8%
Q1 25
-0.3%
2.8%
Q4 24
-6.6%
2.6%
Q3 24
-2.8%
1.2%
Q2 24
2.1%
2.4%
EPS (diluted)
CLOV
CLOV
KALU
KALU
Q1 26
$0.05
Q4 25
$1.67
Q3 25
$2.38
Q2 25
$1.41
Q1 25
$1.31
Q4 24
$1.21
Q3 24
$0.54
Q2 24
$1.15

Balance Sheet & Financial Strength

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

Metric
CLOV
CLOV
KALU
KALU
Cash + ST InvestmentsLiquidity on hand
$177.6M
$7.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$339.4M
$826.1M
Total Assets
$697.7M
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLOV
CLOV
KALU
KALU
Q1 26
$177.6M
Q4 25
$78.3M
$7.0M
Q3 25
$17.2M
Q2 25
$13.1M
Q1 25
$21.3M
Q4 24
$194.5M
$18.4M
Q3 24
$288.0M
$45.7M
Q2 24
$254.8M
$70.4M
Stockholders' Equity
CLOV
CLOV
KALU
KALU
Q1 26
$339.4M
Q4 25
$308.7M
$826.1M
Q3 25
$340.9M
$806.1M
Q2 25
$344.2M
$776.0M
Q1 25
$336.1M
$756.8M
Q4 24
$341.1M
$743.1M
Q3 24
$342.2M
$729.4M
Q2 24
$324.9M
$727.6M
Total Assets
CLOV
CLOV
KALU
KALU
Q1 26
$697.7M
Q4 25
$541.0M
$2.6B
Q3 25
$559.7M
$2.6B
Q2 25
$575.0M
$2.5B
Q1 25
$583.7M
$2.4B
Q4 24
$580.7M
$2.4B
Q3 24
$653.0M
$2.3B
Q2 24
$674.2M
$2.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLOV
CLOV
KALU
KALU
Operating Cash FlowLast quarter
$-20.6M
Free Cash FlowOCF − Capex
$-51.1M
FCF MarginFCF / Revenue
-5.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
-0.73×
TTM Free Cash FlowTrailing 4 quarters
$-25.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
$-66.9M
$-20.6M
Q3 25
$12.1M
$59.1M
Q2 25
$5.4M
$15.9M
Q1 25
$-16.3M
$57.0M
Q4 24
$34.8M
$43.4M
Q3 24
$50.0M
$34.1M
Q2 24
$44.8M
$26.3M
Free Cash Flow
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
$-69.0M
$-51.1M
Q3 25
$11.4M
$34.5M
Q2 25
$4.8M
$-27.7M
Q1 25
$-16.5M
$18.8M
Q4 24
$33.3M
$-12.6M
Q3 24
$49.6M
$-17.0M
Q2 24
$44.4M
$-17.4M
FCF Margin
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
-14.1%
-5.5%
Q3 25
2.3%
4.1%
Q2 25
1.0%
-3.4%
Q1 25
-3.6%
2.4%
Q4 24
9.9%
-1.6%
Q3 24
15.0%
-2.3%
Q2 24
12.5%
-2.2%
Capex Intensity
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
0.4%
3.3%
Q3 25
0.1%
2.9%
Q2 25
0.1%
5.3%
Q1 25
0.0%
4.9%
Q4 24
0.5%
7.3%
Q3 24
0.1%
6.8%
Q2 24
0.1%
5.7%
Cash Conversion
CLOV
CLOV
KALU
KALU
Q1 26
Q4 25
-0.73×
Q3 25
1.50×
Q2 25
0.69×
Q1 25
2.64×
Q4 24
2.19×
Q3 24
3.88×
Q2 24
6.04×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLOV
CLOV

Segment breakdown not available.

KALU
KALU

Packaging$440.6M47%
Aero Hs Products$213.0M23%
Transferred Over Time$200.2M22%
Automotive Extrusions$75.4M8%

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