Alignment Healthcare vs Molina Healthcare
Molina Healthcare is the larger business, with $45.43bn of revenue in fiscal 2025 against $3.95bn for Alignment Healthcare (11.5 times as much). Alignment Healthcare grew faster (46.1% against 11.7%). Molina Healthcare kept more of each dollar of sales as profit: a net margin of 1.0% against -0.0%. Molina Healthcare carries less debt relative to equity (92.6% against 184.1%).
| Latest fiscal year | Alignment HealthcareALHC, 2025 | Molina HealthcareMOH, 2025 |
|---|---|---|
| Revenue | $3.95bn | $45.43bn |
| Revenue growth | 46.1% | 11.7% |
| Net income | −$724,000 | $472m |
| Operating margin | 0.4% | 1.7% |
| Net margin | -0.0% | 1.0% |
| Return on equity | -0.5% | 11.0% |
| Free cash flow | $113m | −$636m |
| Cash | $576m | $4.25bn |
| Total debt | $330m | $3.77bn |
| Debt to equity | 184.1% | 92.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $1.00bn |
| Employees | 1,849 | 19,000 |
| Market value | $1.55bn | $10.87bn |
| Price vs our value range | — | — |
| Moat score | — | 40 (Weak) |
| Insider trades, 12 months | 1 buys, 79 sales | 1 buys, 4 sales |