ALHC vs. MOH

Last updated Apr 1, 2026

Compare and contrast key facts about Alignment Healthcare Holdings, LLC (ALHC) and Molina Healthcare, Inc. (MOH).

Performance

ALHC vs. MOH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alignment Healthcare Holdings, LLC (ALHC) and Molina Healthcare, Inc. (MOH). The values are adjusted to include any dividend payments, if applicable.

ALHC vs. MOH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ALHC Alignment Healthcare Holdings, LLC	-10.78%	75.56%	30.66%	-26.79%	-16.36%	-18.78%
MOH Molina Healthcare, Inc.	-23.19%	-40.37%	-19.45%	9.41%	3.82%	35.82%

Fundamentals

Market Cap ALHC : $3.49B MOH : $6.77B
EPS ALHC : -$0.00 MOH : $8.92
PS Ratio ALHC : 0.92 MOH : 0.16
PB Ratio ALHC : 19.46 MOH : 1.66
Total Revenue (TTM) ALHC : $3.95B MOH : $45.43B
Gross Profit (TTM) ALHC : $471.29M MOH : $3.37B
EBITDA (TTM) ALHC : $45.50M MOH : $976.00M

Returns By Period

In the year-to-date period, ALHC achieves a -10.78% return, which is significantly higher than MOH's -23.19% return.

ALHC

• 1D: 4.57%
• 1M: -8.32%
• YTD: -10.78%
• 6M: 0.97%
• 1Y: -5.37%
• 3Y*: 40.45%
• 5Y*: -5.35%
• 10Y*: —

MOH

• 1D: 1.39%
• 1M: -13.47%
• YTD: -23.19%
• 6M: -30.34%
• 1Y: -59.53%
• 3Y*: -20.72%
• 5Y*: -10.76%
• 10Y*: 7.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ALHC vs. MOH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALHC

ALHC Risk / Return Rank: 36
ALHC Sharpe Ratio Rank: 36
ALHC Sortino Ratio Rank: 33
ALHC Omega Ratio Rank: 33
ALHC Calmar Ratio Rank: 39
ALHC Martin Ratio Rank: 39

MOH

MOH Risk / Return Rank: 8
MOH Sharpe Ratio Rank: 4
MOH Sortino Ratio Rank: 7
MOH Omega Ratio Rank: 4
MOH Calmar Ratio Rank: 8
MOH Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALHC vs. MOH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alignment Healthcare Holdings, LLC (ALHC) and Molina Healthcare, Inc. (MOH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ALHC	MOH	Difference
Sharpe ratio Return per unit of total volatility	-0.12	-1.02	+0.90
Sortino ratio Return per unit of downside risk	0.14	-1.41	+1.55
Omega ratio Gain probability vs. loss probability	1.02	0.78	+0.24
Calmar ratio Return relative to maximum drawdown	-0.09	-0.90	+0.81
Martin ratio Return relative to average drawdown	-0.19	-1.28	+1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALHC vs. MOH - Sharpe Ratio Comparison

The current ALHC Sharpe Ratio is -0.12, which is higher than the MOH Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of ALHC and MOH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALHC	MOH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.12	-1.02	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	-0.28	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.25	-0.25

Correlation

The correlation between ALHC and MOH is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ALHC vs. MOH - Dividend Comparison

Neither ALHC nor MOH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ALHC vs. MOH - Drawdown Comparison

The maximum ALHC drawdown since its inception was -83.61%, which is greater than MOH's maximum drawdown of -70.76%. Use the drawdown chart below to compare losses from any high point for ALHC and MOH.

Drawdown Indicators

	ALHC	MOH	Difference
Max Drawdown Largest peak-to-trough decline	-83.61%	-70.76%	-12.85%
Max Drawdown (1Y) Largest decline over 1 year	-41.15%	-65.28%	+24.13%
Max Drawdown (5Y) Largest decline over 5 years	-83.61%	-70.76%	-12.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.76%	—
Current Drawdown Current decline from peak	-35.39%	-68.23%	+32.84%
Average Drawdown Average peak-to-trough decline	-52.96%	-24.30%	-28.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.64%	45.93%	-26.29%

Volatility

ALHC vs. MOH - Volatility Comparison

Alignment Healthcare Holdings, LLC (ALHC) and Molina Healthcare, Inc. (MOH) have volatilities of 12.59% and 12.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALHC	MOH	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.59%	12.89%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	30.48%	45.84%	-15.36%
Volatility (1Y) Calculated over the trailing 1-year period	44.59%	58.53%	-13.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.26%	38.92%	+23.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.53%	40.86%	+21.67%

Financials

ALHC vs. MOH - Profitability Comparison

The chart below illustrates the profitability comparison between Alignment Healthcare Holdings, LLC and Molina Healthcare, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Alignment Healthcare Holdings, LLC reported a gross profit of 106.03M and revenue of 1.01B. Therefore, the gross margin over that period was 10.5%.

MOH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Molina Healthcare, Inc. reported a gross profit of 0.00 and revenue of 11.38B. Therefore, the gross margin over that period was 0.0%.

ALHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Alignment Healthcare Holdings, LLC reported an operating income of -10.28M and revenue of 1.01B, resulting in an operating margin of -1.0%.

MOH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Molina Healthcare, Inc. reported an operating income of -162.00M and revenue of 11.38B, resulting in an operating margin of -1.4%.

ALHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Alignment Healthcare Holdings, LLC reported a net income of -11.01M and revenue of 1.01B, resulting in a net margin of -1.1%.

MOH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Molina Healthcare, Inc. reported a net income of -160.00M and revenue of 11.38B, resulting in a net margin of -1.4%.