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Alignment Healthcare vs Clover Health Investments: ALHC and CLOV compared
Alignment Healthcare is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $759M for Clover Health Investments (Q3 2026). Clover Health Investments is growing faster (+53% against +37% a year earlier). Clover Health Investments is more profitable, with an operating margin of 0.8% against -0.3%.
Where the money goes: ALHC and CLOV
Alignment Healthcare (ALHC) · Q3 2026
Alignment Healthcare, Q3 2026: revenue $1.4B (+37% year over year), operating margin -0.3%, net loss $8.1M, operating cash flow $47.0M. The chart follows the revenue to costs, profit and cash.
Clover Health Investments (CLOV) · Q3 2026
Clover Health Investments, Q3 2026: revenue $759M (+53% year over year), operating margin 0.8%, net earnings $6.4M, operating cash flow $70.4M. The chart follows the revenue to costs, profit and cash.
| Alignment Healthcare (ALHC) | Clover Health Investments (CLOV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.4B | $759M |
| Revenue growth, Y/Y | +37% | +53% |
| Operating margin | -0.3% | 0.8% |
| Net earnings | −$8.1M | $6.4M |
| Net margin | -0.6% | 0.8% |
| Operating cash flow | $47.0M | $70.4M |
| Free cash flow | $38.6M | $69.5M |
| Market value | $1.5B | $2.7B |
| P/E | 51.9× | — |
| Analysts’ mean target | $10.79 | $5.50 |
Questions
Which is bigger, Alignment Healthcare or Clover Health Investments?
Alignment Healthcare is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $759M for Clover Health Investments (Q3 2026).
Is Alignment Healthcare or Clover Health Investments growing faster?
Clover Health Investments is growing faster (+53% against +37% a year earlier).
Which is more profitable, Alignment Healthcare or Clover Health Investments?
Clover Health Investments is more profitable, with an operating margin of 0.8% against -0.3%.
More: Alignment Healthcare earnings · how Alignment Healthcare makes money · Clover Health Investments earnings · how Clover Health Investments makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.