Alight, Inc. / Delaware
ALIT NYSE Services-Business Services, Nec Financials FY2019โFY2025
Last close ยท Oct 23, 2026
$9.58
0.3%What Alight, Inc. / Delaware does
No business description yet.
- Legal name
- Alight, Inc. / Delaware
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Feb 24, 2026
- Accession ยท CIK
- 0001628280-26-011108
0001809104
Revenue and margins
Alight, Inc. / Delaware had $2.3B of revenue in fiscal 2025, down 3.0% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $250M in fiscal 2025, 11.1% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Alight, Inc. / Delaware returned $151M to shareholders in fiscal 2025, 60% of free cash flow. The diluted share count fell 2.4%.
Balance sheet
Cash, debt and the ratios that show how comfortably Alight, Inc. / Delaware can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $372M | $228M | $324M | $343M | $273M |
| Debt incl. finance leases | $2.9B | $2.9B | $2.8B | $2.1B | $2.1B |
| Net debt / EBITDA | โ | 12.7x | 11.3x | 8.3x | โ |
| Debt / equity | 0.7x | 0.6x | 0.6x | 0.5x | 1.9x |
| Interest coverage | โ | โ0.8x | โ0.6x | โ0.9x | โ33.6x |
| Current ratio | 1.2x | 1.2x | 1.3x | 1.4x | 1.3x |
| Quick ratio | 1.2x | 1.2x | 1.3x | 1.4x | 1.3x |
| Total assets | $11.0B | $11.2B | $10.8B | $8.2B | $4.6B |
| Total liabilities | $6.1B | $6.1B | $6.0B | $3.9B | $3.5B |
| Shareholders' equity | $4.1B | $4.4B | $4.5B | $4.3B | $1.0B |
| Net debt (โ = net cash) | $2.6B | $2.6B | $2.5B | $1.7B | $1.8B |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ 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
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 6 | 5 / 9 | 7 / 9 | 4 / 9 |
| Accruals ratio | โ | โ3.1% | โ6.6% | โ4.3% | โ54.2% |
| Altman Z'' | โ | 0.93 | 0.93 | 1.13 | โ6.53 |
7 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $2.6B | $2.7B | โ | $2.2B | $2.4B | $2.3B | $2.3B |
| Gross profit | โ | โ | โ | $686M | $810M | $794M | $765M |
| Operating income | $265M | $147M | โ | โ$94.0M | โ$81.0M | โ$90.0M | โ$3.1B |
| Interest expense | $224M | $234M | โ | $122M | $131M | $103M | $92.0M |
| Pretax income | $38.0M | โ$94.0M | โ | โ$124M | โ$337M | โ$148M | โ$3.1B |
| Income tax | $16.0M | $9.0M | โ | $16.0M | โ$20.0M | โ$8.0M | $16.0M |
| Net income | โ | โ | โ$35.0M | โ$62.0M | โ$345M | โ$157M | โ$3.1B |
| Diluted EPS | โ | โ | โ$0.08 | โ$0.14 | โ$0.70 | โ$0.29 | โ$5.87 |
| Diluted shares | โ | โ | โ | 0.46B | 0.49B | 0.54B | 0.53B |
| Cash flow | |||||||
| Cash from operations | โ | โ | โ | $286M | $386M | $252M | $360M |
| Capital expenditure | โ | โ | โ | $131M | $140M | $121M | $110M |
| Free cash flow | โ | โ | โ | $155M | $246M | $131M | $250M |
| Depreciation and amortization | $68.0M | $91.0M | โ | $301M | $301M | $299M | $296M |
| Stock-based compensation | $9.0M | $5.0M | โ | $164M | $139M | $76.0M | $19.0M |
| Acquisitions | โ | โ | โ | $87.0M | โ$1.0M | $0.0M | $0.0M |
| Share buybacks | โ | โ | โ | $12.0M | $40.0M | $167M | $65.0M |
| Dividends paid | โ | โ | โ | $0.0M | $0.0M | $21.0M | $86.0M |
| Dividends and buybacks | โ | โ | โ | $12.0M | $40.0M | $188M | $151M |
| Balance sheet | |||||||
| Cash and short-term investments | โ | $506M | $372M | $228M | $324M | $343M | $273M |
| Total debt | โ | $4.1B | $2.9B | $2.8B | $2.8B | $2.0B | $2.0B |
| Finance lease liabilities | โ | $87.0M | $61.0M | $43.0M | $16.0M | $58.0M | $47.0M |
| Current assets | โ | $2.2B | $2.5B | $2.8B | $2.8B | $1.3B | $1.1B |
| Current liabilities | โ | $1.8B | $2.1B | $2.3B | $2.2B | $892M | $874M |
| Property and equipment, net | โ | $334M | $236M | $320M | $331M | โ | โ |
| Goodwill | โ | $2.2B | $3.6B | $3.7B | $3.2B | $3.2B | $83.0M |
| Intangible assets | โ | $1.7B | $4.2B | $3.9B | $3.1B | $2.9B | $2.6B |
| Total assets | โ | $7.0B | $11.0B | $11.2B | $10.8B | $8.2B | $4.6B |
| Total liabilities | โ | $6.3B | $6.1B | $6.1B | $6.0B | $3.9B | $3.5B |
| Preferred stock | โ | $0.0M | โ | โ | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | โ | $683M | $4.1B | $4.4B | $4.5B | $4.3B | $1.0B |
| Margins | |||||||
| Gross margin | โ | โ | โ | 31.1% | 33.9% | 34.0% | 33.8% |
| Operating margin | 10.4% | 5.4% | โ | โ4.3% | โ3.4% | โ3.9% | โ136.6% |
| EBITDA margin | 13.0% | 8.7% | โ | 9.4% | 9.2% | 9.0% | โ123.5% |
| Net margin | โ | โ | โ | โ2.8% | โ14.5% | โ6.7% | โ136.9% |
| FCF margin | โ | โ | โ | 7.0% | 10.3% | 5.6% | 11.1% |
| Returns | |||||||
| Return on capital | โ | 2.7% | โ | โ1.1% | โ0.9% | โ1.2% | โ87.9% |
| Return on capital employed | โ | 2.8% | โ | โ1.1% | โ0.9% | โ1.2% | โ83.6% |
| Return on equity | โ | โ | โ1.5% | โ1.4% | โ7.8% | โ3.6% | โ115.7% |
| Return on assets | โ | โ | โ0.4% | โ0.6% | โ3.1% | โ1.7% | โ48.5% |
| Growth | |||||||
| Revenue growth | โ | 6.9% | โ | โ | 8.1% | โ2.3% | โ3.0% |
| FCF growth | โ | โ | โ | โ | 58.7% | โ46.7% | 90.8% |
| Share count change | โ | โ | โ | โ | 6.7% | 10.4% | โ2.4% |
| Financial health | |||||||
| Net debt / EBITDA | โ | 15.4x | โ | 12.7x | 11.3x | 8.3x | โ |
| Debt / equity | โ | 6.0x | 0.7x | 0.6x | 0.6x | 0.5x | 1.9x |
| Interest coverage | 1.2x | 0.6x | โ | โ0.8x | โ0.6x | โ0.9x | โ33.6x |
| Current ratio | โ | 1.2x | 1.2x | 1.2x | 1.3x | 1.4x | 1.3x |
| Quick ratio | โ | 1.2x | 1.2x | 1.2x | 1.3x | 1.4x | 1.3x |
| Capital allocation | |||||||
| Capex / revenue | โ | โ | โ | 5.9% | 5.9% | 5.2% | 4.9% |
| Stock comp / revenue | 0.4% | 0.2% | โ | 7.4% | 5.8% | 3.3% | 0.8% |
| Payouts / FCF | โ | โ | โ | 7.7% | 16.3% | 143.5% | 60.4% |
| Quality scores | |||||||
| Piotroski F-score | โ | โ | โ | โ | 5.0 | 7.0 | 4.0 |
| Altman Z'' | โ | 0.6 | โ | 0.9 | 0.9 | 1.1 | โ6.5 |
| Accruals ratio | โ | โ | โ | โ3.1% | โ6.6% | โ4.3% | โ54.2% |
Source: SEC EDGAR XBRL filings (CIK 0001809104). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
