Alliance Laundry Holdings Inc.
ALH NYSE Refrigeration & Service Industry Machinery Financials FY2023–FY2025
Revenue
Total sales reported in the income statement.
$1.7B
13.3%
vs prior year
Operating margin
Operating income as a share of revenue.
18.6%
0.3 pts
Net income
Profit after all expenses, interest and tax.
$102M
3.5%
Free cash flow
Cash from operations minus capital spending.
$158M
55.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.90 EPS (TTM)
What Alliance Laundry Holdings Inc. does
No business description yet.
- Legal name
- Alliance Laundry Holdings Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Accession · CIK
- 0001317685-26-000011
0001317685
Revenue and margins
Alliance Laundry Holdings Inc. had $1.7B of revenue in fiscal 2025, up 13.3% on the year before.
FY23
Revenue $1.4B
FY24
Revenue $1.5B
FY25
Revenue $1.7B
Q3 '24
Revenue $384M
Q4 '24
Revenue $395M
Q1 '25
Revenue $390M
Q2 '25
Revenue $447M
Q3 '25
Revenue $438M
Q4 '25
Revenue $435M
Q1 '26
Revenue $427M
Q2 '26
Revenue $477M
FY23
Gross 34.7%
Operating 17.3%
Net 6.5%
FCF 12.9%
FY24
Gross 36.5%
Operating 18.8%
Net 6.5%
FCF 6.8%
FY25
Gross 37.6%
Operating 18.6%
Net 6.0%
FCF 9.2%
Gross
Operating
Net
FCF
Q3 '24
Gross 37.2%
Operating 18.7%
Net −1.6%
FCF —
Q4 '24
Gross 35.1%
Operating 17.0%
Net 9.4%
FCF 14.7%
Q1 '25
Gross 37.2%
Operating 19.1%
Net 4.4%
FCF 9.5%
Q2 '25
Gross 39.0%
Operating 21.0%
Net 6.9%
FCF −0.6%
Q3 '25
Gross 37.0%
Operating 19.5%
Net 7.5%
FCF 12.1%
Q4 '25
Gross 37.0%
Operating 14.6%
Net 4.7%
FCF 16.3%
Q1 '26
Gross 36.8%
Operating 19.6%
Net 13.3%
FCF 17.5%
Q2 '26
Gross 39.8%
Operating 22.2%
Net 14.4%
FCF 12.1%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2023 to 2025, diluted EPS grew 4.8% a year. Loss periods are shown in red.
FY23
Net income $88.2M
FY24
Net income $98.3M
FY25
Net income $102M
Q3 '24
Net income −$6.3M
Q4 '24
Net income $37.1M
Q1 '25
Net income $17.2M
Q2 '25
Net income $31.0M
Q3 '25
Net income $32.9M
Q4 '25
Net income $20.6M
Q1 '26
Net income $56.9M
Q2 '26
Net income $68.7M
FY23
Diluted EPS $0.51
FY24
Diluted EPS $0.56
FY25
Diluted EPS $0.56
Q3 '24
Diluted EPS −$0.04
Q4 '24
Diluted EPS —
Q1 '25
Diluted EPS $0.10
Q2 '25
Diluted EPS $0.18
Q3 '25
Diluted EPS $0.19
Q4 '25
Diluted EPS $0.09
Q1 '26
Diluted EPS $0.28
Q2 '26
Diluted EPS $0.34
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY23
Return on capital —
Return on equity 16.0%
Return on assets —
FY24
Return on capital —
Return on equity 71.9%
Return on assets 3.5%
FY25
Return on capital —
Return on equity 177.3%
Return on assets 3.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $158M in fiscal 2025, 9.2% of revenue. Cash from operations minus capital spending.
FY23
Free cash flow $176M
FY24
Free cash flow $102M
FY25
Free cash flow $158M
Q3 '24
Free cash flow —
Q4 '24
Free cash flow $58.3M
Q1 '25
Free cash flow $36.9M
Q2 '25
Free cash flow −$2.8M
Q3 '25
Free cash flow $52.9M
Q4 '25
Free cash flow $71.0M
Q1 '26
Free cash flow $74.7M
Q2 '26
Free cash flow $57.6M
FY23
Cash from operations $209M
Capital spending $32.7M
FY24
Cash from operations $145M
Capital spending $43.5M
FY25
Cash from operations $212M
Capital spending $53.7M
Cash from operations
Capital spending
Q3 '24
Cash from operations —
Capital spending —
Q4 '24
Cash from operations $78.1M
Capital spending $19.9M
Q1 '25
Cash from operations $45.4M
Capital spending $8.5M
Q2 '25
Cash from operations $5.3M
Capital spending $8.1M
Q3 '25
Cash from operations $66.1M
Capital spending $13.2M
Q4 '25
Cash from operations $94.9M
Capital spending $23.9M
Q1 '26
Cash from operations $79.9M
Capital spending $5.2M
Q2 '26
Cash from operations $66.3M
Capital spending $8.7M
Cash from operations
Capital spending
Dividends, buybacks and share count
Alliance Laundry Holdings Inc. returned $6.2M to shareholders in fiscal 2025, 4% of free cash flow. The diluted share count rose 4.1%.
FY23
Dividends —
Buybacks $19.0M
FY24
Dividends —
Buybacks $1.4M
FY25
Dividends —
Buybacks $6.2M
Dividends
Buybacks
Q3 '24
Dividends —
Buybacks —
Q4 '24
Dividends —
Buybacks $1.3M
Q1 '25
Dividends —
Buybacks $1.9M
Q2 '25
Dividends —
Buybacks $0.4M
Q3 '25
Dividends —
Buybacks $3.9M
Q4 '25
Dividends —
Buybacks $0.0M
Q1 '26
Dividends —
Buybacks $0.0M
Q2 '26
Dividends —
Buybacks $0.0M
Dividends
Buybacks
FY23
Diluted shares 0.17B
FY24
Diluted shares 0.17B
FY25
Diluted shares 0.18B
Balance sheet
Cash, debt and the ratios that show how comfortably Alliance Laundry Holdings Inc. can carry it.
FY23
Cash $182M
Debt —
FY24
Cash $155M
Debt —
FY25
Cash $123M
Debt —
Cash
Debt
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $182M | $155M | $123M |
| Interest coverage | 1.9x | 2.2x | 2.1x |
| Current ratio | — | 1.4x | 1.4x |
| Quick ratio | — | 1.1x | 1.1x |
| Total assets | — | $2.8B | $2.9B |
| Total liabilities | — | $3.1B | $2.5B |
| Shareholders' equity | $551M | −$277M | $392M |
| Net debt (− = net cash) | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ |
| Return on assets rose | — | — | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — |
| Current ratio rose | — | — | ✕ |
| Share count didn't rise | — | ✕ | ✕ |
| Gross margin rose | — | ✓ | ✓ |
| Revenue rose relative to assets | — | — | ✓ |
| F-score | — / 3 | — / 5 | 6 / 8 |
| Accruals ratio | — | −1.7% | −3.8% |
| Altman Z'' | — | 1.06 | 1.14 |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $1.4B | $1.5B | $1.7B |
| Gross profit | $473M | $551M | $642M |
| Research and development | $22.8M | $22.8M | $29.7M |
| Operating income | $236M | $284M | $317M |
| Interest expense | $123M | $132M | $151M |
| Pretax income | $104M | $123M | $138M |
| Income tax | $16.2M | $25.1M | $36.3M |
| Net income | $88.2M | $98.3M | $102M |
| Net income to common | $88.2M | $98.3M | $102M |
| Diluted EPS | $0.51 | $0.56 | $0.56 |
| Diluted shares | 0.17B | 0.17B | 0.18B |
| Cash flow | |||
| Cash from operations | $209M | $145M | $212M |
| Capital expenditure | $32.7M | $43.5M | $53.7M |
| Free cash flow | $176M | $102M | $158M |
| Depreciation and amortization | $88.7M | $90.2M | $93.7M |
| Stock-based compensation | $3.3M | $3.3M | $19.5M |
| Acquisitions | $15.1M | $27.9M | $12.6M |
| Share buybacks | $19.0M | $1.4M | $6.2M |
| Dividends and buybacks | $19.0M | $1.4M | $6.2M |
| Balance sheet | |||
| Cash and short-term investments | $182M | $155M | $123M |
| Current assets | — | $668M | $676M |
| Current liabilities | — | $479M | $484M |
| Inventory | — | $134M | $147M |
| Property and equipment, net | — | $248M | $265M |
| Goodwill | — | $667M | $684M |
| Intangible assets | — | $794M | $755M |
| Total assets | — | $2.8B | $2.9B |
| Total liabilities | — | $3.1B | $2.5B |
| Preferred stock | — | $0.0M | $0.0M |
| Shareholders' equity | $551M | −$277M | $392M |
| Margins | |||
| Gross margin | 34.7% | 36.5% | 37.6% |
| Operating margin | 17.3% | 18.8% | 18.6% |
| EBITDA margin | 23.8% | 24.8% | 24.0% |
| Net margin | 6.5% | 6.5% | 6.0% |
| FCF margin | 12.9% | 6.8% | 9.2% |
| Returns | |||
| Return on capital employed | — | 12.1% | 13.2% |
| Return on equity | 16.0% | 71.9% | 177.3% |
| Return on assets | — | 3.5% | 3.6% |
| Return on tangible equity | 16.0% | — | — |
| Growth | |||
| Revenue growth | — | 10.5% | 13.3% |
| Net income growth | — | 11.4% | 3.5% |
| EPS growth | — | 9.8% | 0.0% |
| FCF growth | — | −42.1% | 55.0% |
| Share count change | — | 0.4% | 4.1% |
| Financial health | |||
| Interest coverage | 1.9x | 2.2x | 2.1x |
| Current ratio | — | 1.4x | 1.4x |
| Quick ratio | — | 1.1x | 1.1x |
| Capital allocation | |||
| Capex / revenue | 2.4% | 2.9% | 3.1% |
| Stock comp / revenue | 0.2% | 0.2% | 1.1% |
| Payouts / FCF | 10.8% | 1.4% | 3.9% |
| Quality scores | |||
| Piotroski F-score | — | — | 6.0 |
| Altman Z'' | — | 1.1 | 1.1 |
| Accruals ratio | — | −1.7% | −3.8% |
Source: SEC EDGAR XBRL filings (CIK 0001317685). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.