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ALHCAlignment Healthcare, Inc.
$7.86$1.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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ALHC logo

Alignment Healthcare, Inc.

ALHC
NASDAQ · Health Insurance
$7.86
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.62B
P/E-2124.3x
52W High$25.12
Volume13.72M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Inflection Drives First Sustained Profitability

Alignment Healthcare has achieved a decisive turnaround, with revenue growth accelerating to 31.6% year-over-year in 2026Q2 and the combined ratio improving to 96.8%, marking the first sustained quarterly profitability. The company's scale-driven expense disci...

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

ALHC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-5677% Peers

P/E is 5677% below peer median

03

Market leadership

RS 4 · Lag

Laggard (Underperforming 96% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
ALHC-61.13%
S&P 500 (^GSPC)+12.39%
1-Year Return
ALHC-53.87%
S&P 500 (^GSPC)+15.77%
3-Year Return
ALHC+16.27%
S&P 500 (^GSPC)+71.45%
5-Year Return
ALHC-54.36%
S&P 500 (^GSPC)+75.10%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-2124.3x
Forward P/E
43.3x
EV/EBITDA0th %ile
30.6x
FCF YieldCash Flow
7.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-2124.3x
N/A
N/A
EV/EBITDA
30.6x
81.2x
0th· Low
Price/FCF
14.4x
34.6x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$5.39-31.4%
Base (Fair)$9.79+17.2%
Bull$11.51+46.4%
$5.39 Bear$9.79 Base$11.51 Bull
Current Market Price: $7.86
Trades at a 19.7% discount to Base DCF ($9.79)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$3.95B+46.1% YoY
Net income
-$724K+99.4% YoY
Free cash flow
$113M+1802.0% YoY
Operating margin
0.4%+4.1 pts YoY
ROIC (TTM)-
Avg ROIC 5Y-
ROE (TTM)-0.5%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$0.17+31.8%
vs $0.13
$1.3B+2.0%
vs $1.3B
Q2 2026
Apr 30, 2026
$0.05+400.0%
vs $0.01
$1.2B+1.4%
vs $1.2B
Q1 2026
Feb 26, 2026
-$0.05+66.7%
vs -$0.15
$1.0B+0.9%
vs $1.0B
Q4 2025
Oct 30, 2025
$0.02+300.0%
vs -$0.01
$994M+1.3%
vs $981M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·Sep 16, 2026
Alignment Healthcare (NASDAQ:ALHC) Reaches New 52-Week Low – What’s Next?

Alignment Healthcare, Inc. (NASDAQ: ALHC - Get Free Report) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $9.94 and last traded at $10.37, with a volume of 28545880 shares trading hands. The stock had previously closed at $12.94. More Alignment Healthcare News Here are the key news

GlobeNewsWire·Sep 10, 2026
Alignment Health's Fifth Annual Survey Finds Seniors Falling Further Behind: Aging in Place Challenges Continue to Rise as Support Gaps Widen

Key indicators worsened in 2026, including aging in place challenges, support gaps, and medical debt Key indicators worsened in 2026, including aging in place challenges, support gaps, and medical debt

GlobeNewsWire·Sep 8, 2026
Alignment Health Plan and Hoag Health System Increase Access to Award-Winning Care for Orange County Seniors

Expanded provider relationship increases access to Hoag physicians, hospitals and specialty programs beginning Jan. 1, 2027 Expanded provider relationship increases access to Hoag physicians, hospitals and specialty programs beginning Jan. 1, 2027

GlobeNewsWire·Aug 31, 2026
Kaplan Fox Encourages Alignment Healthcare, Inc. (NASDAQ: ALHC) Investors Seeking Recovery to Contact the Firm

NEW YORK, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Alignment Healthcare, Inc. (“Alignment Healthcare” or the “Company”) (NASDAQ: ALHC). CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION If you are an Alignment Healthcare investor and have suffered losses, or if you have information that could assist in the Alignment Healthcare investigation, you may CLICK HERE to contact us.

Filtered for Alignment Healthcare, Inc.More Headlines
04

Compare before deciding

Benchmark ALHC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Alignment Healthcare, Inc. (ALHC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ALHC logoALHCAlignment Healthcare, Inc.Current
$7.86$1.62B-2124.3246.06%-0.02%-0.52%—
CNC logoCNCCentene Corp.
$62.07$30.66B-4.5619.44%-2.63%-23.94%—
MOH logoMOHMolina Healthcare, Inc.
$189.37$9.89B21.2311.75%-0.02%-0.17%—
CVS logoCVSCVS Health Corp.
$85.86$109.55B61.777.85%1.18%6.41%—
HUM logoHUMHumana Inc.
$374.80$45B38.0910.06%0.88%6.89%—
ELV logoELVElevance Health Inc.
$398.56$86.44B15.8712.62%2.47%11.2%—

Compare ALHC vs Peers

Alignment Healthcare, Inc. (ALHC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNC

Most directly comparable listed peer for ALHC.

Scale Benchmark

vs UNH

Larger-name benchmark to compare ALHC against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNC, MOH, CVS, HUM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

ALHC SEC Filings & Documents

Alignment Healthcare, Inc. (ALHC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 9, 2026·SEC

Material company update

May 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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ALHC Frequently Asked Questions

Alignment Healthcare, Inc. (ALHC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Alignment Healthcare, Inc. growing?

Alignment Healthcare, Inc. (ALHC) grew revenue by 46.1% over the past year. This is strong growth.

Is ALHC profitable?

Yes, Alignment Healthcare, Inc. (ALHC) is profitable, generating $40.7M in net income for fiscal year 2025 (-0.0% net margin).

Dividend & Returns
What is ALHC's return on equity?

Alignment Healthcare, Inc. (ALHC) has a return on equity (ROE) of -0.5%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Alignment Healthcare, Inc.'s combined ratio?

Alignment Healthcare, Inc. (ALHC) has a combined ratio of 99.6%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in ALHC back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →