ALIT TechnologyBeta data

Alight, Inc.

$10.12+2.43%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 474.8M USD
Enterprise value: 2.2B USD

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.69 vs a peer median of 0.87), less short-term liquidity (current ratio 1.43 vs a peer median of 1.83) and more debt relative to equity (2.05× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.69 vs peers 0.87), less liquidity (current ratio 1.43 vs peers 1.83) and more debt vs equity (2.05× vs peers 0.25×)

Ranks #1,338 of 1,612 technology companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $234M vs $272M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Alight recorded $234M of stock-based pay expense and spent $272M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Alight recorded $234M of stock-based pay expense and spent $272M repurchasing shares.
Much more borrowing than peers. Debt is 2.1× equity vs a peer median of 0.2×.Debt is 2.1× equity vs peers 0.2×.
Debt is 2.1× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.1× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.
Operating margin at a 5-year low. -137% in 2025, the weakest of the last 5 years.
Alight's operating margin fell to -137% in 2025, its lowest in the 5 years of filings we have.
Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Alight looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

StockQuotient Score

31/ 100

Oct 5 31 → Nov 4 31

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

91/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-748.5%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield21.3%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentile50% base weight · Z-score 3.61Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield52.4%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 4.45Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield383.3%

Yahoo FinanceOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

31/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.3050

3-year revenue growth5.2%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.05Sector median: 0.0483 · MAD: 0.0793

Revenue growth-3.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.18Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

1/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-95.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710

Return on assets-47.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-60.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.27Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin37.5%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-97.3%

Yahoo Finance · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.69

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.21Sector median: 0.8710 · MAD: 0.3700

Current ratio1.43×

Yahoo FinanceReported value33% base weight · Z-score -0.59Sector median: 1.8295 · MAD: 0.6848

Debt / equity2.05×

Yahoo FinanceOutlier capped at sector 5th/95th percentile33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Alight

Is Alight getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 31/100 since Oct 28, 2026.
How is Alight valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 91/100 against 1,711 technology peers. EBITDA yield 21.3% vs a peer median of 4.2% (stronger than 95% of peers).EBITDA yield 21.3% vs peers 4.2% (stronger than 95% of peers). Earnings yield -748.5% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -748.5% vs peers 2.2% (weaker than 100% of peers).
Is Alight growing?: More slowly than most of its peers. Growth scores 31/100 against 1,711 technology peers. Revenue growth -3.5% vs a peer median of 8.5% (weaker than 80% of peers).Revenue growth -3.5% vs peers 8.5% (weaker than 80% of peers).
How profitable is Alight?: Less profitable than most of its peers. Profitability scores 1/100 against 1,711 technology peers. Operating margin -95.7% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -95.7% vs peers 6.3% (weaker than 100% of peers).
How risky is Alight?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 2.05× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 2.05× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Alight is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.2B USD	2.2B USD	−0.8%
Net income (12 months)	−3.1B USD	−2.0B USD	−34.4%
Operating margin	-138.1%	-95.7%	+42.4 pts
Free cash flow (12 months)	259.0M USD	249.0M USD	−3.9%
Debt	2.0B USD	2.0B USD	−0.2%
Cash	178.0M USD	215.0M USD	+20.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	31.1%	33.9%	34.0%	33.8%	▼ 0.2 pts
Operating margin	—	-4.3%	-3.4%	-3.9%	-136.6%	▼ 133 pts
Net margin	—	-2.8%	-14.5%	-6.7%	-136.9%	▼ 130 pts
Return on assets (ROA)	-0.3%	-0.6%	-3.2%	-1.9%	-67.8%	▼ 66 pts
Return on equity (ROE)	-0.8%	-1.4%	-7.7%	-3.6%	-296.6%	▼ 293 pts
Free cash flow margin	—	7.0%	10.3%	5.6%	11.1%	▲ 5.4 pts
Current ratio	1.16×	1.20×	1.27×	1.42×	1.31×	▼ 8.0%
Debt to equity	0.69×	0.64×	0.63×	0.47×	1.92×	▲ 309%
Interest coverage	—	-0.77×	-0.62×	-0.87×	-33.59×	▼ >999%

ALIT price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.69 vs a peer median of 0.87), less short-term liquidity (current ratio 1.43 vs a peer median of 1.83) and more debt relative to equity (2.05× vs a peer median of 0.25×)higher risk: bigger price swings (beta 1.69 vs peers 0.87), less liquidity (current ratio 1.43 vs peers 1.83) and more debt vs equity (2.05× vs peers 0.25×)

Ranks #1,338 of 1,612 technology companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $234M vs $272M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Alight recorded $234M of stock-based pay expense and spent $272M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Alight recorded $234M of stock-based pay expense and spent $272M repurchasing shares.

Much more borrowing than peers. Debt is 2.1× equity vs a peer median of 0.2×.Debt is 2.1× equity vs peers 0.2×.

Debt is 2.1× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 2.1× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Operating margin at a 5-year low. -137% in 2025, the weakest of the last 5 years.

Alight's operating margin fell to -137% in 2025, its lowest in the 5 years of filings we have.

Valuation signals disagree. Cheaper than 95% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Alight looks cheaper than 95% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Questions investors ask about Alight

Is Alight getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 31/100 since Oct 28, 2026.

How is Alight valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 91/100 against 1,711 technology peers. EBITDA yield 21.3% vs a peer median of 4.2% (stronger than 95% of peers).EBITDA yield 21.3% vs peers 4.2% (stronger than 95% of peers). Earnings yield -748.5% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -748.5% vs peers 2.2% (weaker than 100% of peers).

Is Alight growing?

More slowly than most of its peers. Growth scores 31/100 against 1,711 technology peers. Revenue growth -3.5% vs a peer median of 8.5% (weaker than 80% of peers).Revenue growth -3.5% vs peers 8.5% (weaker than 80% of peers).

How profitable is Alight?

Less profitable than most of its peers. Profitability scores 1/100 against 1,711 technology peers. Operating margin -95.7% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -95.7% vs peers 6.3% (weaker than 100% of peers).

How risky is Alight?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 2.05× vs a peer median of 0.25× (weaker than 100% of peers).Debt / equity 2.05× vs peers 0.25× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.2B USD

2.2B USD

−0.8%

Net income (12 months)

−3.1B USD

−2.0B USD

−34.4%

Operating margin

-138.1%

-95.7%

+42.4 pts

Free cash flow (12 months)

259.0M USD

249.0M USD

−3.9%

Debt

2.0B USD

2.0B USD

−0.2%

Cash

178.0M USD

215.0M USD

+20.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

31.1%

33.9%

34.0%

33.8%

▼ 0.2 pts

Operating margin

—

-4.3%

-3.4%

-3.9%

-136.6%

▼ 133 pts

Net margin

—

-2.8%

-14.5%

-6.7%

-136.9%

▼ 130 pts

Return on assets (ROA)

-0.3%

-0.6%

-3.2%

-1.9%

-67.8%

▼ 66 pts

Return on equity (ROE)

-0.8%

-1.4%

-7.7%

-3.6%

-296.6%

▼ 293 pts

Free cash flow margin

—

7.0%

10.3%

5.6%

11.1%

▲ 5.4 pts

Current ratio

1.16×

1.20×

1.27×

1.42×

1.31×

▼ 8.0%

Debt to equity

0.69×

0.64×

0.63×

0.47×

1.92×

▲ 309%

Interest coverage

—

-0.77×

-0.62×

-0.87×

-33.59×

▼ >999%