Comparison

Alignment Healthcare, Inc. (ALHC) vs UNITEDHEALTH GROUP INC (UNH)

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: -

UNH

UNITEDHEALTH GROUP INC

Healthcare Plans

Revenue, FY25: $448B
Net income: $12.06B
Operating cash flow: $19.7B
Free cash flow: $16.08B
Net margin: 2.69%
Operating margin: 4.24%
Gross margin: 88.68%

Head-to-head

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

Metric	ALHC	UNH
Revenue growth, latest filed year	+46.06%	+11.81%
Piotroski F-score	5 of 8	7 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.

UNH

Reimbursement
Cybersecurity
Litigation
Goodwill impairment
Key people
AI and its regulation

And 8 more.

Tracked managers holding both

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

Updated Sep 8, 2026 · the newer of the two companies' filings