Alignment Healthcare vs DaVita
DaVita reported revenue of $13.6 billion in fiscal 2025, 3.5 times Alignment Healthcare's $3.9 billion in fiscal 2025. Alignment Healthcare's revenue grew 46.1% in its latest year, and DaVita's grew 6.5%. Alignment Healthcare had an operating margin of 0.4%, against 15.0% at DaVita. Free cash flow was $113 million at Alignment Healthcare and $1.3 billion at DaVita.
Side by side
| Alignment Healthcare | DaVita | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.9B | $13.6B |
| Revenue growth | 46.1% | 6.5% |
| Revenue growth a year, last 5 years | 32.7% | 3.4% |
| Gross margin | — | — |
| Operating margin | 0.4% | 15.0% |
| Net margin | −0.0% | 5.5% |
| Free cash flow | $113M | $1.3B |
| Free cash flow margin | 2.9% | 9.6% |
| Return on capital | — | 17.6% |
| Net debt to EBITDA | −6.2x | 3.5x |
| Dividends and buybacks | $0M | $1.3B |
| Change in diluted share count | 3.8% | −13.1% |
| Last close | $7.89 | $184.03 |
| P/E at the last close | 41.5× | 15.1× |
| Insider trades, last 12 months | bought $197,627, sold $314.3 million | sold $508.7 million |
| Piotroski F-score | 5 of 8 | 6 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Alignment HealthcareDaVita
Operating margin
Percent of revenue
Alignment HealthcareDaVita
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Alignment HealthcareDaVita
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Alignment Healthcare and DaVita pages.