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Alignment Healthcare, Inc. ALHC

Nasdaq · stock · Hospital & Medical Service Plans · website · IPO 2021-03-26

Alignment Healthcare, Inc. statistics & valuation

Market cap$4.8B
P / S1.2×
P / B26.7×
P / FCF42.4×
Net margin-0.0%
Return on equity-0.4%
FCF margin2.9%
Net cash$252.6M
Net debt / EBITDA-5.6×
Enterprise value USD$4.5B
Earnings yield EBIT/EV0.3%
Return on capital2.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
202020212022202320242025
Operating margin (%)
-0.50% -15.20% -9.00% -7.00% -3.80% 0.40% 202020212022202320242025
Return on equity (%)
-74.90% -63.80% -62.50% -93.60% -126.80% -0.40% 202020212022202320242025
Shares outstanding
164.1M 187.2M 187.3M 189.0M 191.8M 204.2M 202020212022202320242025
Net debt ($)
-$63.1M -$316.0M -$248.6M -$41.1M -$111.4M -$252.6M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-6.80% -31.00% -23.60% -25.00% -16.40% -0.10% 202020212022202320242025
Free cash flow margin (%)
-4.80% -5.20% -0.20% 2.90% 202020212022202320242025
Debt / equity (×)
4.71× 0.49× 0.67× 1.02× 3.18× 1.80× 202020212022202320242025
EPS ($)
-$0.15 -$1.14 -$0.83 -$0.79 -$0.67 $0.00 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Operating margin0.4%-3.8%-7.0%-9.0%-15.2%-0.5%
Net margin-0.0%-4.7%-8.1%-10.4%-16.7%-2.4%
FCF margin2.9%-0.2%-5.2%-4.8%——
Return on assets-0.1%-16.4%-25.0%-23.6%-31.0%-6.8%
Return on equity-0.4%-126.8%-93.6%-62.5%-63.8%-74.9%
Debt / equity1.80×3.18×1.02×0.67×0.49×4.71×
Current ratio1.711.881.842.373.311.72

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.