Comparison

Alignment Healthcare, Inc. (ALHC) vs Elevance Health, Inc. (ELV)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

ALHC

Alignment Healthcare, Inc.

Healthcare Plans

Revenue, FY25: $3.95B
Net income: −$724K
Operating cash flow: $140M
Free cash flow: $113M
Net margin: −0.02%
Operating margin: 0.37%
Gross margin: -

ELV

Elevance Health, Inc.

Healthcare Plans

Revenue, FY25: $199B
Net income: $5.66B
Operating cash flow: $4.29B
Free cash flow: $3.17B
Net margin: 2.84%
Operating margin: 3.62%
Gross margin: 89.36%

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	ALHC	ELV
Revenue growth, latest filed year	+46.06%	+12.49%
Piotroski F-score	5 of 8	6 of 9
P/E against its own history	-	about normal

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

ALHC

Reimbursement
Debt covenants
Litigation
Cybersecurity
Data privacy
Dilution

And 10 more.

ELV

Reimbursement
Litigation
Debt covenants
Goodwill impairment
Cybersecurity
Export controls

And 12 more.

Tracked managers holding both

No manager tracked here reports a position in both, as of each company’s latest filed 13F.

Updated Sep 10, 2026 · the newer of the two companies' filings