Tearsheet

Alight (ALIT)

Market Price (4/19/2026): $0.6174 | Market Cap: $322.7 Mil
Sector: Consumer Staples | Industry: Tobacco

Alight (ALIT)

Market Price (4/19/2026): $0.6174
Market Cap: $322.7 Mil
Sector: Consumer Staples
Industry: Tobacco

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81%

Attractive yield
Dividend Yield is 27%, FCF Yield is 78%

Megatrend and thematic drivers
Megatrends include Cloud Computing, Artificial Intelligence, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more.

Weak multi-year price returns
2Y Excs Rtn is -132%, 3Y Excs Rtn is -167%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%

Penny stock
Mkt Price is 0.6

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 579%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9%, Rev Chg QQuarterly Revenue Change % is -4.0%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -948%

Key risks
ALIT key risks include [1] a substantial debt burden and high leverage and [2] a significant client concentration, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -81%
2	Attractive yield Dividend Yield is 27%, FCF Yield is 78%
3	Megatrend and thematic drivers Megatrends include Cloud Computing, Artificial Intelligence, and Digital Health & Telemedicine. Themes include Software as a Service (SaaS), Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -132%, 3Y Excs Rtn is -167%
5	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%
6	Penny stock Mkt Price is 0.6
7	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 579%
8	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.0%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.9%, Rev Chg QQuarterly Revenue Change % is -4.0%
9	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -948%
10	Key risks ALIT key risks include [1] a substantial debt burden and high leverage and [2] a significant client concentration, Show more.

Valuation, Metrics & Events

	4/19/26	2025	2024	2023	2022
Share Price CYE	$0.62	$1.95	$6.92	$8.53	$8.36
Market Cap CYE ($ Mil)	322.7	1,019.2	3,615.5	4,246.2	3,859.2
Total Debt ($ Mil)	2,119.0	2,119.0	2,156.0	2,904.0	3,003.0
Total Cash ($ Mil)	273.0	273.0	343.0	324.0	250.0
Enterprise Value ($ Mil)	2,168.7	3,138.2	5,771.5	7,150.2	6,862.2
Valuation Ratios
P/S TTM	0.1	0.5	1.6	1.8	1.7
P/EBIT TTM	-0.1	-0.3	-80.3	-20.6	-1,286.4
P/E TTM	-0.1	-0.3	-23.0	-12.3	-62.2
P/FCF TTM	1.3	4.1	27.6	17.3	24.9
Sector Ratios
P/S TTM (Sector)	0.8	0.8	1.0	1.0	1.0
P/EBIT TTM (Sector)	7.5	8.2	10.8	9.9	9.6
P/E TTM (Sector)	10.7	11.7	15.0	12.9	13.1
P/FCF TTM (Sector)	10.8	10.7	14.4	12.5	12.7

	4/19/26	2025	2024
Share Price CYE	$0.62	$1.95	$6.92
Market Cap CYE ($ Mil)	322.7	1,019.2	3,615.5
Total Debt ($ Mil)	2,119.0	2,119.0	2,156.0
Total Cash ($ Mil)	273.0	273.0	343.0
Enterprise Value ($ Mil)	2,168.7	3,138.2	5,771.5
Valuation Ratios
P/S TTM	0.1	0.5	1.6
P/EBIT TTM	-0.1	-0.3	-80.3
P/E TTM	-0.1	-0.3	-23.0
P/FCF TTM	1.3	4.1	27.6
Sector Ratios
P/S TTM (Sector)	0.8	0.8	1.0
P/EBIT TTM (Sector)	7.5	8.2	10.8
P/E TTM (Sector)	10.7	11.7	15.0
P/FCF TTM (Sector)	10.8	10.7	14.4

	ALIT	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.3
Rev Chg Q	-4.0%	7.5%
Rev Chg LTM	-3.0%	6.8%
Rev Chg 3Y Avg	0.9%	5.7%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.4
Net Inc LTM ($ Bil)	-3.1
Op Mgn LTM	1.5%	18.6%
CFO/Rev LTM	15.9%	20.6%
Net Inc Mgn	-136.9%	12.8%
VALUATION	VERY LOW
P/S	0.1	3.3
P/CFO	0.9	15.8
P/FCF	1.3	20.6
P/E	-0.1	24.5
STABILITY	POOR
Debt/Equity	6.62	0.20
Cash/Assets	0.06	0.07

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Metric	Value	Date	Source
Revenue Under Contract for 2025	2.25 billion	9302025	Link
People and Dependents Served	35 million	11052025	Link
Participant Satisfaction	90%	11052025	Link
Recurring Revenue as a Percentage of Total Revenue	91.7%	9302025	Link
Year-over-Year Call Volume Decline	13%	11052025	Link

Upcoming
5/14/2026	Earnings Release	Rev: $502 Mil (E) EPS: $0.03 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Alight (ALIT) stock has lost about 70% since 12/31/2025 because of the following key factors:

1. Alight reported a disappointing Fourth Quarter 2025, providing a weak outlook for 2026 and eliminating its quarterly dividend. The company announced Q4 2025 earnings on February 19, 2026, with an Earnings Per Share (EPS) of $0.18, missing analysts' consensus estimates of $0.23-$0.25. Quarterly revenue also fell short at $653 million, below expectations of $654.30-$654.6 million, marking a 4% year-over-year decline. Management attributed the revenue decline to reduced project revenue and decreased commercial activity, while increased compensation expenses pressured the bottom line. Furthermore, Alight provided cautious guidance for Q1 2026, projecting revenue to be down in the high single-digit percentage range and adjusted EBITDA margin to be pressured by approximately 500–750 basis points year-over-year. The company also announced the elimination of its quarterly dividend.

2. The company recorded a substantial non-cash goodwill impairment charge. In Q4 2025, Alight incurred an $803 million non-cash goodwill impairment charge, contributing to a full-year net loss of $3.10 billion for 2025. This significant write-down negatively impacted the company's balance sheet and intensified concerns regarding delayed margin expansion.

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Stock Movement Drivers

Fundamental Drivers

The -68.3% change in ALIT stock from 12/31/2025 to 4/19/2026 was primarily driven by a -68.2% change in the company's P/S Multiple.

(LTM values as of)	12312025	4192026	Change
Stock Price ($)	1.95	0.62	-68.3%
Change Contribution By:
Total Revenues ($ Mil)	2,289	2,262	-1.2%
P/S Multiple	0.4	0.1	-68.2%
Shares Outstanding (Mil)	527	523	0.8%
Cumulative Contribution			-68.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/19/2026

	Return	Correlation
ALIT	-68.5%
Market (SPY)	-5.4%	9.9%
Sector (XLP)	6.2%	-3.3%

Fundamental Drivers

The -80.7% change in ALIT stock from 9/30/2025 to 4/19/2026 was primarily driven by a -80.5% change in the company's P/S Multiple.

(LTM values as of)	9302025	4192026	Change
Stock Price ($)	3.20	0.62	-80.7%
Change Contribution By:
Total Revenues ($ Mil)	2,311	2,262	-2.1%
P/S Multiple	0.7	0.1	-80.5%
Shares Outstanding (Mil)	528	523	1.1%
Cumulative Contribution			-80.7%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/19/2026

	Return	Correlation
ALIT	-80.8%
Market (SPY)	-2.9%	14.2%
Sector (XLP)	6.1%	1.4%

Fundamental Drivers

The -89.2% change in ALIT stock from 3/31/2025 to 4/19/2026 was primarily driven by a -88.9% change in the company's P/S Multiple.

(LTM values as of)	3312025	4192026	Change
Stock Price ($)	5.72	0.62	-89.2%
Change Contribution By:
Total Revenues ($ Mil)	2,332	2,262	-3.0%
P/S Multiple	1.3	0.1	-88.9%
Shares Outstanding (Mil)	522	523	0.0%
Cumulative Contribution			-89.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/19/2026

	Return	Correlation
ALIT	-89.3%
Market (SPY)	16.3%	37.9%
Sector (XLP)	3.2%	12.7%

Fundamental Drivers

The -93.0% change in ALIT stock from 3/31/2023 to 4/19/2026 was primarily driven by a -92.2% change in the company's P/S Multiple.

(LTM values as of)	3312023	4192026	Change
Stock Price ($)	8.80	0.62	-93.0%
Change Contribution By:
Total Revenues ($ Mil)	2,207	2,262	2.5%
P/S Multiple	1.8	0.1	-92.2%
Shares Outstanding (Mil)	462	523	-11.7%
Cumulative Contribution			-93.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/19/2026

	Return	Correlation
ALIT	-93.0%
Market (SPY)	63.3%	38.3%
Sector (XLP)	19.1%	14.7%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ALIT Return	20%	-23%	2%	-18%	-71%	-67%	-93%
Peers Return	23%	-15%	8%	15%	-12%	-22%	-12%
S&P 500 Return	27%	-19%	24%	23%	16%	3%	87%
Monthly Win Rates [3]
ALIT Win Rate	67%	42%	58%	42%	17%	25%
Peers Win Rate	58%	43%	50%	67%	48%	15%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
ALIT Max Drawdown	-5%	-38%	-22%	-24%	-71%	-75%
Peers Max Drawdown	-12%	-30%	-19%	-12%	-16%	-28%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADP, WDAY, PAYX, WTW, PAYC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/17/2026 (YTD)

How Low Can It Go

Unique Key	Event	ALIT	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-50.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	100.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days

Compare to ADP, WDAY, PAYX, WTW, PAYC

In The Past

Alight's stock fell -50.2% during the 2022 Inflation Shock from a high on 9/10/2021. A -50.2% loss requires a 100.8% gain to breakeven.

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About Alight (ALIT)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Alight, Inc. operates as a cloud-based provider of integrated digital human capital and business solutions worldwide. It operates through three segments: Employer Solutions, Professional Services, and Hosted Business. The company's solutions enable employees to enrich their health, wealth, and wellbeing, which helps organizations achieve a high-performance culture. It offers employer solutions comprising integrated benefits administration, healthcare navigation, financial health, employee wellbeing, and payroll; and professional services, including cloud deployment and consulting offerings that provides human capital and financial platforms, as well as cloud advisory and deployment, and optimization services for cloud platforms, such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand. Alight, Inc. was founded in 2017 and is headquartered in Lincolnshire, Illinois.

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Like ADP, but for comprehensive cloud-based employee benefits, healthcare, and wellbeing management.
Like Accenture, but specialized in implementing and optimizing HR and finance cloud platforms (e.g., Workday, SAP).

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Benefits Administration: Manages and integrates employee health, wealth, and wellbeing benefits programs.
Healthcare Navigation: Guides employees through healthcare choices and utilization for optimal outcomes.
Financial Health Solutions: Provides tools and resources to support employees' financial wellbeing.
Employee Wellbeing Programs: Offers services designed to enhance the overall physical, mental, and social wellbeing of employees.
Payroll Services: Administers and processes employee payroll accurately and efficiently.
Cloud Deployment & Consulting: Delivers advisory, implementation, and optimization services for major human capital and financial cloud platforms.

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Alight (ALIT) sells primarily to other companies. Its cloud-based solutions and professional services are designed for organizations to manage human capital, benefits administration, healthcare navigation, financial health, employee wellbeing, and payroll for their own workforces.

While Alight serves a broad base of large enterprise clients, including approximately 75% of the Fortune 100 and over 50% of the Fortune 500, the company does not publicly disclose the specific names of its major customer companies in its financial filings or investor relations materials. This is typical for B2B service providers with a diversified client portfolio, where no single customer generally accounts for a material portion of the company's total revenue.

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The following are major suppliers for Alight:

Workday (symbol: WDAY)
SAP (symbol: SAP)
Oracle (symbol: ORCL)
Cornerstone OnDemand

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Here is the management team for Alight, Inc. (ALIT): Rohit Verma, Chief Executive Officer
Rohit Verma is the Chief Executive Officer of Alight, Inc., a role he assumed on January 1, 2026. Prior to joining Alight, Verma served as the president and CEO of Crawford & Company, where he led the organization to four consecutive years of record revenue growth. His experience also includes senior management positions at Zurich North America and consulting roles at McKinsey & Company and Deloitte. Verma brings expertise in finance, strategy, business operations, and mergers and acquisitions. He also serves on the board of directors for Ameritas Holding Company and industry advisory boards for Northwestern University and Georgia Institute of Technology.

Greg Giometti, Interim Chief Financial Officer
Greg Giometti was named Interim Chief Financial Officer of Alight, Inc. effective January 9, 2026. He previously held positions of increasing responsibility within Alight's finance organization since joining in 2020, including Senior Vice President, Head of Financial Planning and Analysis. In this role, he was responsible for management and board financial reporting, annual and long-range planning, and supporting enterprise-wide financial strategy. Before Alight, Giometti gained financial experience at Walgreens Boots Alliance, Paper Source, and BMO.

Allison Bassiouni, Chief Delivery Officer
Allison Bassiouni is the Chief Delivery Officer at Alight, Inc. She is listed as an executive on the company's leadership team.

Deepika Duggirala, Chief Technology Officer
Deepika Duggirala serves as the Chief Technology Officer at Alight, Inc. She is an executive on the leadership team.

Martin Felli, Chief Legal Officer and Corporate Secretary
Martin Felli holds the position of Chief Legal Officer and Corporate Secretary at Alight, Inc. He is a member of the company's executive team.

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Key Risks to Alight (ALIT)

Alight, Inc. (ALIT) faces several significant business risks, primarily stemming from ongoing legal and financial challenges, weak financial health, and intense competition within the human capital management sector.

Legal and Financial Risks from Securities Fraud Investigations: Alight is currently under investigation by multiple law firms for potential violations of federal securities laws. These probes were triggered by the company's failure to meet its Q4 2025 financial forecasts and allegations of providing materially misleading business information to investors. Such investigations could culminate in class-action lawsuits, resulting in substantial financial penalties, costly litigation, and significant reputational damage, which is expected to exert downward pressure on the company's stock price.
Weak Financial Health and Declining Performance: The company's financial health is rated as poor, characterized by high debt levels, with a net debt of approximately $2.53 billion as of March 2024. Alight's earnings are reportedly insufficient to cover its interest expenses, indicated by an extremely low interest coverage ratio. An 'F' grade for EPS revisions suggests declining analyst expectations for future earnings, and its Altman Z-Score places the company in a distress zone, signaling a potential risk of bankruptcy. Furthermore, Alight reported a decline in revenue and gross profit margins in Q4 2025, missed its full-year 2025 guidance, and is experiencing customer attrition.
Intense Competition and Market Share Challenges: Alight operates in a highly competitive market for human capital and business solutions. Its rivals include larger, established players such as ADP, Workday, Paychex, Ceridian, and Oracle PeopleSoft, which offer comprehensive human capital management (HCM) suites. Despite Alight's focus on digital transformation and employee well-being solutions, its market share in the broader HCM category was relatively small at 0.15% as of 2025. This intense competitive landscape, coupled with potential client dependence and integration complexities, poses a continuous challenge to Alight's market position and growth prospects.

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The increasing tendency of major human capital and financial platform providers (such as Workday, SAP SuccessFactors, and Oracle, which Alight lists as platforms it supports) to expand their own managed services and direct client offerings. This strategic shift by the foundational platforms poses a direct threat to Alight's Professional Services segment, which focuses on cloud deployment and consulting for these platforms, and could also compete with elements of Alight's Employer Solutions by offering more integrated "full-stack" services directly to customers.

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Alight, Inc. (ALIT) operates in several large addressable markets for its cloud-based human capital and business solutions.

Employer Solutions

Integrated Benefits Administration: The global benefits administration service market is estimated to be valued at US$934.7 million in 2025 and is expected to reach US$1,697.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 8.9% from 2025 to 2032. North America is estimated to lead this market with a 41.2% share in 2025. Additionally, the global benefits administration service market is projected to grow by USD 144.7 billion between 2024 and 2028, with a CAGR of 3.09%.
Healthcare Navigation: The global healthcare navigation platform market was valued at USD 11.88 billion in 2025 and is projected to reach USD 26.29 billion by 2035, growing at a CAGR of 8.27% from 2026 to 2035. The North America healthcare navigation platform market size accounted for USD 4.34 billion in 2025 and is expected to attain approximately USD 9.82 billion by 2035. North America held the largest market share of 43% in 2025.
Financial Health and Employee Wellbeing: These solutions are typically part of the broader Human Resource (HR) Technology market. The global HR Technology Market was valued at USD 38.1 billion in 2023 and is projected to grow to USD 84.7 billion by 2032, expanding at a CAGR of 9.3%.
Payroll: The global payroll services market size is estimated at USD 35.32 billion in 2026 and is projected to reach USD 52.75 billion by 2031, growing at an 8.35% CAGR over 2026-2031. North America contributed 38.12% of the global payroll services market size in 2025. Other estimates place the global payroll services market at USD 73.25 billion in 2025, growing to $75.18 billion in 2026.

Professional Services

Cloud Deployment and Consulting: The HR Technology Consulting Services Market was estimated at USD 20.5 billion in 2024 and is projected to grow to USD 30.0 billion by 2035, registering a CAGR of 3.52%. This growth is driven by the increasing adoption of AI-powered HR tools, demand for improved employee experience, and the rising need for consulting support in integrating HR platforms with enterprise systems.

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Alight (ALIT) is expected to drive future revenue growth over the next 2-3 years through a strategic focus on its core Employer Solutions segment, significant investments in technology and AI, and an emphasis on expanding its recurring revenue streams.

Here are 3-5 expected drivers of Alight's future revenue growth:

Strategic Focus on Employee Wellbeing and Benefits (Post-Divestiture): Alight's divestiture of its Payroll and Professional Services business in July 2024 marks a pivotal shift to concentrate on its higher-margin Employer Solutions segment, specifically employee wellbeing and benefits. This strategic pivot is anticipated to enhance recurring revenue from 84% to over 90% and improve the company's margin profile by nearly 300 basis points. The company aims to become a more simplified and focused platform company specializing in employee wellbeing and benefits.
Innovation and AI Integration within the Alight Worklife Platform: Alight is significantly investing in its cloud-based Alight Worklife platform, integrating artificial intelligence (AI) to drive sustained growth and improve client outcomes. The 2025 releases of the Alight Worklife platform introduce AI-powered recommendations, a 24/7 Interactive Virtual Assistant, and new employer reporting and analytics capabilities, designed to streamline employee benefits interactions and provide valuable insights for employers. The completion of its cloud migration program in 2024 is also expected to enable enhanced performance, increased capacity, and faster innovation for the platform.
Growth in Annual Recurring Revenue (ARR) Bookings and Client Retention: A key component of Alight's growth strategy is prioritizing client retention and achieving double-digit Annual Recurring Revenue (ARR) bookings growth, with a target of 10%-13% for 2025. The company aims to restore its revenue retention rate to 98% from its current 93.5%. Alight's business model benefits from high recurring revenue, with a significant portion of projected revenue already secured under contract, providing a stable financial foundation.
Strategic Partnerships: Alight is expanding its service offerings through strategic alliances, such as a new Wealth Solutions relationship with Goldman Sachs Asset Management. The company is also exploring broader collaborations with technology partners to enhance its comprehensive partner ecosystem and meet the evolving needs of clients.

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Share Repurchases

Alight completed the repurchase of 68,836,333 shares for $349.47 million under a buyback program announced on August 3, 2022.
In March 2024, the Board of Directors authorized an additional $200 million for share repurchases, increasing the total authorized amount to $248 million.
The company has stated its intention to replace its cash dividend with more efficient capital allocation activities, prioritizing debt reduction and share repurchases.

Share Issuance

Alight's share count increased by 5.1% over the last two years as of the fourth quarter of 2025.
Directors have received Class A common stock as quarterly equity awards in lieu of cash retainers; for instance, 7,051 shares were granted on December 31, 2025.

Outbound Investments

In March 2024, Alight signed a definitive agreement to sell its Payroll and Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, which closed on July 12, 2024.
Alight acquired Reed Group, a provider of digital human capital solutions, in December 2022.
In March 2025, Alight acquired a 215MWp solar park in Denmark from European Energy.

Capital Expenditures

Alight's capital expenditures were $121 million in 2024, $140 million in 2023, and $131 million in 2022.
The company plans to invest $100 million in capital expenditures in 2026 to strengthen its business foundations and systems, with a primary focus on operational excellence and the integration of artificial intelligence.

Interactive Breakdown

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Albertsons Companies

TAP (1.5% | 5.3x)

Molson Coors Beverage

PPC (1.9% | 4.9x)

Pilgrims Pride

Higher Rev Chg LTM (Value for ALIT: -3.0%)

COST (8.4%)

Costco Wholesale

PM (7.3%)

Philip Morris International

WMT (4.7%)

Walmart

KO (1.9%)

Coca-Cola

PG (1.1%)

Procter & Gamble

Higher Rev Chg 3Y Avg (Value for ALIT: 0.9%)

PM (8.6%)

Philip Morris International

COST (6.9%)

Costco Wholesale

WMT (5.3%)

Walmart

KO (3.7%)

Coca-Cola

PG (2.0%)

Procter & Gamble

Higher Op Mgn LTM (Value for ALIT: 1.5%)

PM (36.7%)

Philip Morris International

KO (31.1%)

Coca-Cola

PG (23.6%)

Procter & Gamble

WMT (4.2%)

Walmart

COST (3.8%)

Costco Wholesale

Higher CFO/Rev LTM (Value for ALIT: 15.9%)

MO (46.1%)

Altria

PM (30.1%)

Philip Morris International

MNST (25.3%)

Monster Beverage

PG (22.4%)

Procter & Gamble

CL (20.6%)

Colgate-Palmolive

Higher FCF/Rev LTM (Value for ALIT: 11.1%)

MO (45.1%)

Altria

PM (26.2%)

Philip Morris International

MNST (23.4%)

Monster Beverage

CL (17.8%)

Colgate-Palmolive

PG (17.4%)

Procter & Gamble

Higher Total Yield (Value for ALIT: -944.4%)

PM (8.1%)

Philip Morris International

KO (6.7%)

Coca-Cola

PG (4.8%)

Procter & Gamble

WMT (2.9%)

Walmart

COST (2.3%)

Costco Wholesale

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for ALIT: 0.9% | 0.1x)

CNC (10.6% | 0.1x)

Centene

SNEX (32.4% | 0.1x)

StoneX

INGM (1.3% | 0.1x)

Ingram Micro

GOLD (26.1% | 0.1x)

Gold.com

AGL (39.7% | 0.1x)

Agilon Health

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for ALIT: 0.9% | 9.4x)

T (1.3% | 7.5x)

AT&T

BMY (1.5% | 8.9x)

Bristol-Myers Squibb

HCA (7.9% | 9.3x)

HCA Healthcare

APO (66.8% | 9.0x)

Apollo Global Management

B (16.0% | 9.0x)

Barrick Mining

Higher Rev Chg LTM (Value for ALIT: -3.0%)

NVDA (65.5%)

NVIDIA

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for ALIT: 0.9%)

NVDA (101.8%)

NVIDIA

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for ALIT: 1.5%)

NVDA (60.4%)

NVIDIA

MSFT (46.7%)

Microsoft

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

AMZN (11.2%)

Amazon.com

Higher CFO/Rev LTM (Value for ALIT: 15.9%)

MSFT (52.5%)

Microsoft

NVDA (47.6%)

NVIDIA

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

AMZN (19.5%)

Amazon.com

Higher FCF/Rev LTM (Value for ALIT: 11.1%)

NVDA (44.8%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for ALIT: -944.4%)

MSFT (4.6%)

Microsoft

GOOGL (3.4%)

Alphabet

AAPL (3.3%)

Apple

AMZN (2.9%)

Amazon.com

NVDA (2.5%)

NVIDIA

Best Bets in Consumer Staples

What You Pay

P/EBIT (Value for ALIT: -0.1x)

MO (10.2x)

Altria

PM (15.9x)

Philip Morris International

MNST (30.8x)

Monster Beverage

PG (16.0x)

Procter & Gamble

STZ (13.8x)

Constellation Brands

HSY (27.2x)

Hershey

WDFC (27.1x)

WD-40

FIZZ (13.5x)

National Beverage

BF-B (12.2x)

Brown-Forman

KVUE (13.9x)

Kenvue

P/E (Value for ALIT: -0.1x)

MO (15.5x)

Altria

PM (21.6x)

Philip Morris International

MNST (39.4x)

Monster Beverage

PG (20.9x)

Procter & Gamble

STZ (25.5x)

Constellation Brands

HSY (44.3x)

Hershey

WDFC (36.0x)

WD-40

FIZZ (17.1x)

National Beverage

BF-B (16.7x)

Brown-Forman

KVUE (23.0x)

Kenvue

What You Get

Rev Chg 3Y Avg (Value for ALIT: 0.9%)

MO (-0.9%)

Altria

PM (8.6%)

Philip Morris International

MNST (9.6%)

Monster Beverage

PG (2.0%)

Procter & Gamble

STZ (-0.5%)

Constellation Brands

HSY (4.0%)

Hershey

WDFC (7.8%)

WD-40

FIZZ (0.8%)

National Beverage

BF-B (-2.1%)

Brown-Forman

KVUE (0.4%)

Kenvue

Rev Chg LTM (Value for ALIT: -3.0%)

MO (-1.5%)

Altria

PM (7.3%)

Philip Morris International

MNST (10.7%)

Monster Beverage

PG (1.1%)

Procter & Gamble

STZ (-7.9%)

Constellation Brands

HSY (4.4%)

Hershey

WDFC (4.2%)

WD-40

FIZZ (1.0%)

National Beverage

BF-B (-3.3%)

Brown-Forman

KVUE (-2.1%)

Kenvue

Rev Chg Q (Value for ALIT: -4.0%)

MO (-0.5%)

Altria

PM (6.8%)

Philip Morris International

MNST (17.6%)

Monster Beverage

PG (1.5%)

Procter & Gamble

STZ (-9.8%)

Constellation Brands

HSY (7.0%)

Hershey

WDFC (10.7%)

WD-40

FIZZ (-0.9%)

National Beverage

BF-B (2.0%)

Brown-Forman

KVUE (3.2%)

Kenvue

FCF/Rev 3Y Avg (Value for ALIT: 9.0%)

MO (43.8%)

Altria

PM (25.7%)

Philip Morris International

MNST (21.9%)

Monster Beverage

PG (18.3%)

Procter & Gamble

STZ (17.1%)

Constellation Brands

HSY (15.4%)

Hershey

WDFC (14.9%)

WD-40

FIZZ (14.0%)

National Beverage

BF-B (13.6%)

Brown-Forman

KVUE (12.5%)

Kenvue

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.50

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Alight Earnings Notes	12/16/2025
2	Is Alight Stock Built to Withstand More Downside?	10/17/2025
3	ALIT Dip Buy Analysis	07/10/2025
4	Alight (ALIT) Valuation Ratios Comparison	05/15/2025
5	Now Is Not The Time To Buy Alight Stock	02/28/2025
6	Fundamental Metrics: ...	06/19/2024

	Title
0	ARTICLES

Trade Ideas

Select ideas related to ALIT.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ADP_3272026_Dip_Buyer_FCFYield	03272026	ADP	Automatic Data Processing	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	1.0%	1.0%	0.0%
MZTI_3272026_Dip_Buyer_FCFYield	03272026	MZTI	Marzetti	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	0.9%	0.9%	0.0%
TAP_3272026_Dip_Buyer_FCFYield	03272026	TAP	Molson Coors Beverage	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-0.8%	-0.8%	-1.1%
KHC_3202026_Dip_Buyer_FCFYield	03202026	KHC	Kraft Heinz	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	4.3%	4.3%	-1.7%
KMB_3202026_Dip_Buyer_FCFYield	03202026	KMB	Kimberly-Clark	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-1.8%	-1.8%	-1.9%

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FBYD	Falcons Beyond Global	0.5	12.6%	-9.6%
MXL	MaxLinear	2.3	12.5%	50.7%
LION	Lionsgate Studios	3.6	12.5%	36.4%
ROAD	Construction Partners	7.0	12.0%	15.7%
MSTR	Strategy	49.0	11.8%	9.6%
KMTS	Kestra Medical Technologies	1.3	11.8%	-14.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BMI	Badger Meter	3.4	-24.1%	-33.6%
PBF	PBF Energy	4.3	-12.8%	38.1%
DK	Delek US	2.2	-12.3%	26.4%
LYB	LyondellBasell Industries	21.3	-12.0%	54.9%
DOW	Dow	25.6	-10.8%	54.1%
IPI	Intrepid Potash	0.5	-10.4%	26.9%
CVI	CVR Energy	3.0	-10.4%	15.7%
PARR	Par Pacific	2.8	-10.0%	63.1%
NFLX	Netflix	411.5	-9.7%	3.8%
CF	CF Industries	17.6	-9.6%	46.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
AVNS	Avanos Medical	1.1	73.6%	119.2%
CAR	Avis Budget	17.4	64.7%	284.9%
IONQ	IonQ	16.0	60.1%	2.7%
RVMD	Revolution Medicines	28.9	54.1%	86.6%
QBTS	D-Wave Quantum	7.7	52.2%	-17.1%
NN	NextNav	3.1	49.4%	37.2%
HIMS	Hims & Hers Health	6.5	48.3%	-11.2%
TSHA	Taysha Gene Therapies	2.3	43.2%	16.9%
BAND	Bandwidth	0.7	42.6%	48.9%
SYRE	Spyre Therapeutics	5.4	42.3%	122.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
REPL	Replimune	0.2	-54.4%	-77.7%
IIIN	Insteel Industries	0.5	-28.0%	-17.1%
BMI	Badger Meter	3.4	-25.6%	-33.6%
SENEA	Seneca Foods	1.0	-16.2%	26.8%
HPK	HighPeak Energy	0.7	-15.7%	12.8%
REPX	Riley Exploration Permian	0.7	-15.4%	28.6%
LCID	Lucid	2.4	-14.9%	-30.9%
KMX	CarMax	6.0	-12.5%	5.8%
WINA	Winmark	1.4	-12.3%	-3.6%
ALLO	Allogene Therapeutics	0.5	-12.1%	74.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	17.4	386.5%	284.9%
SATL	Satellogic	0.9	134.1%	270.6%
AEHR	Aehr Test Systems	2.5	131.0%	315.4%
APLS	Apellis Pharmaceuticals	5.2	128.6%	62.8%
CBIO	Crescent Biopharma	0.6	105.6%	79.4%
KOD	Kodiak Sciences	2.4	103.4%	60.6%
FBYD	Falcons Beyond Global	0.5	103.1%	-9.6%
YSS	York Space Systems	4.5	96.3%	6.3%
FLY	Firefly Aerospace	7.0	88.5%	95.4%
LWLG	Lightwave Logic	1.7	88.0%	287.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PIPR	Piper Sandler Cos	6.1	-69.4%	8.7%
REPL	Replimune	0.2	-67.9%	-77.7%
VRDN	Viridian Therapeutics	1.4	-46.6%	-52.4%
MAZE	Maze Therapeutics	1.3	-42.0%	-32.2%
BUR	Burford Capital	1.1	-39.7%	-44.4%
WVE	WAVE Life Sciences	1.4	-37.1%	-55.9%
TE	T1 Energy	0.8	-31.4%	-24.7%
BTU	Peabody Energy	3.1	-29.3%	-13.4%
CSIQ	Canadian Solar	0.9	-28.7%	-44.5%
LCID	Lucid	2.4	-26.6%	-30.9%

Peer Comparisons

Peers to compare with:

Financials

	ALIT	ADP	WDAY	PAYX	WTW	PAYC	Median
Name	Alight	Automati.	Workday	Paychex	Willis T.	Paycom S.
Mkt Price	0.62	200.47	124.75	92.50	297.72	126.95	125.85
Mkt Cap	0.3	80.9	32.6	33.2	28.3	7.0	30.4
Rev LTM	2,262	21,214	9,552	6,334	9,708	2,052	7,943
Op Inc LTM	34	5,574	1,023	2,337	2,257	567	1,640
FCF LTM	250	4,185	2,777	2,090	1,546	404	1,818
FCF 3Y Avg	209	3,924	2,291	1,875	1,305	343	1,590
CFO LTM	360	4,740	2,939	2,320	1,775	679	2,047
CFO 3Y Avg	333	4,487	2,516	2,064	1,544	566	1,804

Growth & Margins

	ALIT	ADP	WDAY	PAYX	WTW	PAYC	Median
Name	Alight	Automati.	Workday	Paychex	Willis T.	Paycom S.
Rev Chg LTM	-3.0%	6.6%	13.1%	16.4%	-2.2%	8.9%	7.8%
Rev Chg 3Y Avg	0.9%	7.1%	15.4%	8.9%	3.1%	14.4%	8.0%
Rev Chg Q	-4.0%	6.2%	14.5%	19.9%	-3.3%	10.2%	8.2%
QoQ Delta Rev Chg LTM	-1.2%	1.5%	3.5%	5.0%	-1.0%	2.5%	2.0%
Op Inc Chg LTM	137.8%	6.8%	105.0%	3.5%	5.5%	-10.6%	6.2%
Op Inc Chg 3Y Avg	46.8%	10.7%	159.4%	5.8%	13.8%	16.4%	15.1%
Op Mgn LTM	1.5%	26.3%	10.7%	36.9%	23.2%	27.6%	24.8%
Op Mgn 3Y Avg	-1.9%	25.9%	6.4%	39.9%	21.3%	29.3%	23.6%
QoQ Delta Op Mgn LTM	0.4%	0.1%	1.3%	-0.2%	0.1%	-0.3%	0.1%
CFO/Rev LTM	15.9%	22.3%	30.8%	36.6%	18.3%	33.1%	26.6%
CFO/Rev 3Y Avg	14.3%	22.5%	29.8%	36.5%	15.9%	30.0%	26.2%
FCF/Rev LTM	11.1%	19.7%	29.1%	33.0%	15.9%	19.7%	19.7%
FCF/Rev 3Y Avg	9.0%	19.7%	27.1%	33.2%	13.4%	18.2%	18.9%

Valuation

	ALIT	ADP	WDAY	PAYX	WTW	PAYC	Median
Name	Alight	Automati.	Workday	Paychex	Willis T.	Paycom S.
Mkt Cap	0.3	80.9	32.6	33.2	28.3	7.0	30.4
P/S	0.1	3.8	3.4	5.2	2.9	3.4	3.4
P/Op Inc	9.4	14.5	31.9	14.2	12.5	12.3	13.4
P/EBIT	-0.1	13.6	29.0	13.7	12.8	11.2	13.2
P/E	-0.1	19.1	47.0	20.3	17.6	15.4	18.4
P/CFO	0.9	17.1	11.1	14.3	15.9	10.3	12.7
Total Yield	-944.4%	8.3%	2.1%	9.7%	6.9%	7.7%	7.3%
Dividend Yield	27.0%	3.1%	0.0%	4.7%	1.3%	1.2%	2.2%
FCF Yield 3Y Avg	11.3%	3.7%	3.6%	4.5%	4.5%	3.3%	4.1%
D/E	6.6	0.1	0.1	0.2	0.2	0.0	0.1
Net D/E	5.8	0.0	-0.0	0.1	0.1	-0.0	0.1

Returns

	ALIT	ADP	WDAY	PAYX	WTW	PAYC	Median
Name	Alight	Automati.	Workday	Paychex	Willis T.	Paycom S.
1M Rtn	-9.5%	-3.9%	-8.2%	-0.1%	2.6%	1.7%	-2.0%
3M Rtn	-60.7%	-22.4%	-33.2%	-15.9%	-9.3%	-14.2%	-19.2%
6M Rtn	-78.8%	-27.7%	-46.7%	-25.4%	-9.3%	-36.4%	-32.0%
12M Rtn	-87.2%	-29.9%	-43.6%	-33.9%	-6.2%	-41.0%	-37.5%
3Y Rtn	-93.1%	-0.4%	-34.7%	-6.8%	28.1%	-56.7%	-20.7%
1M Excs Rtn	-17.2%	-11.3%	-13.3%	-5.6%	-3.6%	-5.6%	-8.5%
3M Excs Rtn	-63.8%	-24.9%	-37.9%	-18.1%	-11.7%	-19.3%	-22.1%
6M Excs Rtn	-86.0%	-35.2%	-53.7%	-32.9%	-18.6%	-42.9%	-39.1%
12M Excs Rtn	-119.4%	-63.1%	-78.8%	-67.4%	-40.0%	-73.7%	-70.5%
3Y Excs Rtn	-167.3%	-74.6%	-109.6%	-80.8%	-43.8%	-130.0%	-95.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022
Filing Date	2/24/2026	2/24/2026	2/27/2025	2/29/2024	3/1/2023
Key Financials
Total Revenue	2,262	2,262	2,332	2,386	2,207
EBITDA	-2,563	-2,563	350	167	347
Operating Income	34	34	-90	-81	-94
Net Income	-3,097	-3,097	-157	-345	-62
EPS	-5.88	-5.87	-0.29	-0.70	-0.14
Growth Rates
Total Revenue Growth	-3.0%	-3.0%	-2.3%	8.1%	-19.1%
EBITDA Growth	-832.3%	-832.3%	109.6%	-51.9%	-19.5%
Operating Income Growth	137.8%	137.8%	-11.1%	13.8%	-163.9%
Net Income Growth	-1872.6%	-1872.6%	54.5%	-456.5%	39.8%
Margins
EBITDA Margin	-113.3%	-113.3%	15.0%	7.0%	15.7%
Operating Income Margin	1.5%	1.5%	-3.9%	-3.4%	-4.3%
Net Income Margin	-136.9%	-136.9%	-6.7%	-14.5%	-2.8%
Cash & Debt
Total Cash	273	273	343	324	250
Total Debt	2,119	2,119	2,156	2,904	3,003
Net Debt / (Cash)	1,846	1,846	1,813	2,580	2,753
Cash Flows
Net Cash from Operations	360	360	252	386	286
Free Cash from Operations	250	250	131	246	155
Returns to Shareholders
Dividends	86	86	21	-0	-0
Share Repurchases	65	65	167	40	12

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/24/2026	11/6/2025	8/5/2025	5/8/2025	2/27/2025	11/12/2024	8/6/2024	5/8/2024	2/29/2024	11/1/2023	8/2/2023	5/9/2023
Key Financials Quarterly
Total Revenue	653	533	528	548	680	555	538	559	682	557	561	586
Ebitda	-586	-1,126	-954	103	177	63	130	-20	29	74	34	30
Operating Income	53	16	-27	-8	44	-42	-52	-40	40	-45	-36	-40
Net Income	-932	-1,067	-1,073	-25	8	-74	23	-114	-162	-48	-67	-68
EPS	-1.78	-2.02	-2.03	-0.05	0.01	-0.14	0.04	-0.21	-0.17	-0.10	-0.14	-0.14
Key Financials TTM
Total Revenue TTM	2,262	2,289	2,311	2,321	2,332	2,334	2,336	2,359	2,386	1,721	1,914	2,068
Ebitda TTM	-2,563	-1,800	-611	473	350	202	213	117	167	137	128	264
Operating Income TTM	34	25	-33	-58	-90	-94	-97	-81	-81	-140	-145	-132
Net Income TTM	-3,097	-2,157	-1,164	-68	-157	-327	-301	-391	-345	-248	-237	-119
Growth Rates Quarterly
Total Revenue Growth	-4.0%	-4.0%	-1.9%	-2.0%	-0.3%	-0.4%	-4.1%	-4.6%	3911.8%	-25.7%	-21.5%	-19.2%
EBITDA Growth	-431.1%	-1887.3%	-833.8%	615.0%	510.3%	-14.9%	282.4%	-166.7%	3000.0%	13.8%	-80.0%	-73.5%
Operating Income Growth	20.5%	138.1%	48.1%	80.0%	10.0%	6.7%	-44.4%	0.0%	310.5%	10.0%	-56.5%	-1900.0%
Net Income Growth	-11750.0%	-1341.9%	-4765.2%	78.1%	104.9%	-54.2%	134.3%	-67.6%	-149.2%	-29.7%	-231.4%	-518.2%
Margins Quarterly
EBITDA Margin	-89.7%	-211.3%	-180.7%	18.8%	26.0%	11.4%	24.2%	-3.6%	4.3%	13.3%	6.1%	5.1%
Operating Income Margin	8.1%	3.0%	-5.1%	-1.5%	6.5%	-7.6%	-9.7%	-7.2%	5.9%	-8.1%	-6.4%	-6.8%
Net Income Margin	-142.7%	-200.2%	-203.2%	-4.6%	1.2%	-13.3%	4.3%	-20.4%	-23.8%	-8.6%	-11.9%	-11.6%
Cash & Debt
Total Cash	273	205	227	223	343	300	183	256	324	276	271	239
Total Debt	2,119	2,133	2,142	2,149	2,156	2,161	2,923	2,939	2,904	2,937	2,967	2,986
Net Debt / (Cash)	1,846	1,928	1,915	1,926	1,813	1,861	2,740	2,683	2,580	2,661	2,696	2,747
Cash Flows Quarterly
FCF from Operations	124	77	86	73	118	-24	58	100	135	89	90	72
Cash Flows TTM
FCF from Operations TTM	360	354	253	225	252	269	382	414	386	336	330	339
Returns to Shareholders Quarterly
Dividends	21	22	22	21	21	0	0	0	0	0	0	0
Share Repurchases	-0	25	20	20	12	75	80	-0	-0	26	4	10
Return on Invested Capital (ROIC) Quarterly
ROIC	3.3%	0.8%	-1.6%	-0.4%	1.4%	-2.1%	-2.7%	-1.7%	2.1%	-1.8%	-1.7%	-1.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	0.5%	0.4%	-0.5%	-0.9%	-1.3%	-1.4%	-1.2%	-1.0%	-1.0%	-1.9%	-1.9%	-1.7%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023
Employer Solutions	2,360	2,718	2,084
Other	26
Hosted Business		43	183
Professional Services		371	285
Total	2,386	3,132	2,552

Net Income by Segment

$ Mil	2025	2024	2023
Other	-2
Employer Solutions	-315
Total	-317

Price Behavior

Price Behavior

Market Price	$0.61
Market Cap ($ Bil)	0.3
First Trading Date	07/06/2021
Distance from 52W High	-89.4%
	50 Days	200 Days
DMA Price	$0.85	$2.54
DMA Trend	down	down
Distance from DMA	-27.3%	-75.8%
	3M	1YR
Volatility	113.3%	69.6%
Downside Capture	1.83	1.64
Upside Capture	-135.98	-13.58
Correlation (SPY)	10.1%	23.8%

ALIT Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	-0.97	0.50	0.84	0.92	1.40	1.27
Up Beta	-2.86	1.24	1.25	2.33	1.53	1.47
Down Beta	-0.46	-2.02	-1.15	-0.02	1.14	1.17
Up Capture	-528%	-187%	-118%	-91%	2%	21%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	9	16	22	43	93	319
Down Capture	163%	335%	326%	222%	165%	111%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	13	25	39	75	148	405

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ALIT
ALIT	-87.4%	69.3%	-2.64	-
Sector ETF (XLP)	4.0%	12.7%	0.04	3.9%
Equity (SPY)	21.1%	12.9%	1.32	25.1%
Gold (GLD)	50.9%	27.5%	1.49	-8.1%
Commodities (DBC)	25.2%	16.2%	1.40	-3.3%
Real Estate (VNQ)	17.5%	13.7%	0.93	13.0%
Bitcoin (BTCUSD)	-7.8%	42.6%	-0.08	11.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ALIT
ALIT	-41.1%	50.2%	-0.91	-
Sector ETF (XLP)	6.2%	13.2%	0.26	23.0%
Equity (SPY)	10.8%	17.1%	0.49	45.9%
Gold (GLD)	22.6%	17.8%	1.04	1.0%
Commodities (DBC)	11.6%	18.8%	0.51	10.6%
Real Estate (VNQ)	4.4%	18.8%	0.14	35.0%
Bitcoin (BTCUSD)	5.2%	56.5%	0.31	23.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with ALIT
ALIT	-23.2%	50.2%	-0.91	-
Sector ETF (XLP)	7.2%	14.7%	0.36	23.0%
Equity (SPY)	14.0%	17.9%	0.67	45.9%
Gold (GLD)	14.3%	15.9%	0.75	1.0%
Commodities (DBC)	8.5%	17.6%	0.40	10.6%
Real Estate (VNQ)	5.6%	20.7%	0.24	35.0%
Bitcoin (BTCUSD)	68.4%	66.9%	1.07	23.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	54.6 Mil
Short Interest: % Change Since 3152026	7.5%
Average Daily Volume	50.0 Mil
Days-to-Cover Short Interest	1.1 days
Basic Shares Quantity	522.7 Mil
Short % of Basic Shares	10.4%

Returns Analyses

	Title
0	Is Alight Stock Built to Withstand More Downside?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/19/2026	-38.2%	-39.8%	-49.0%
11/5/2025	-7.0%	-14.4%	-23.1%
8/5/2025	-18.3%	-25.1%	-22.8%
5/8/2025	7.3%	11.9%	5.2%
2/20/2025	3.7%	3.6%	-9.3%
11/12/2024	13.4%	2.8%	-0.7%
8/6/2024	-5.5%	-0.7%	5.7%
5/8/2024	-16.3%	-19.2%	-18.5%
...
SUMMARY STATS
# Positive	9	7	7
# Negative	9	11	11
Median Positive	7.3%	7.2%	5.2%
Median Negative	-7.0%	-6.6%	-9.3%
Max Positive	13.4%	19.3%	15.2%
Max Negative	-38.2%	-39.8%	-49.0%

	Forward Returns
2/19/2026	-38.2%	-39.8%	-49.0%
11/5/2025	-7.0%	-14.4%	-23.1%
8/5/2025	-18.3%	-25.1%	-22.8%
5/8/2025	7.3%	11.9%	5.2%
2/20/2025	3.7%	3.6%	-9.3%
11/12/2024	13.4%	2.8%	-0.7%
8/6/2024	-5.5%	-0.7%	5.7%
5/8/2024	-16.3%	-19.2%	-18.5%
2/21/2024	-2.9%	-3.4%	5.2%
11/1/2023	10.5%	7.2%	15.2%
8/1/2023	-11.7%	-12.2%	-19.5%
5/9/2023	-5.9%	-6.6%	-1.9%
2/21/2023	8.8%	4.3%	-4.6%
11/3/2022	6.7%	19.3%	14.8%
8/3/2022	10.1%	8.9%	5.1%
5/9/2022	-2.6%	-0.6%	4.7%
2/23/2022	0.1%	-1.5%	-1.8%
11/9/2021	7.1%	-1.7%	-5.3%
SUMMARY STATS
# Positive	9	7	7
# Negative	9	11	11
Median Positive	7.3%	7.2%	5.2%
Median Negative	-7.0%	-6.6%	-9.3%
Max Positive	13.4%	19.3%	15.2%
Max Negative	-38.2%	-39.8%	-49.0%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/24/2026	10-K
09/30/2025	11/06/2025	10-Q
06/30/2025	08/05/2025	10-Q
03/31/2025	05/08/2025	10-Q
12/31/2024	02/27/2025	10-K
09/30/2024	11/12/2024	10-Q
06/30/2024	08/06/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	02/29/2024	10-K
09/30/2023	11/01/2023	10-Q
06/30/2023	08/02/2023	10-Q
03/31/2023	05/09/2023	10-Q
12/31/2022	03/01/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/04/2022	10-Q
03/31/2022	05/09/2022	10-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/19/2026

null

Prior: Q3 2025 Earnings Reported 11/5/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2025 Revenue	2.25 Bil	2.27 Bil	2.28 Bil	-1.7%		Lowered	Guidance: 2.31 Bil for 2025
2025 Adjusted EBITDA	595.00 Mil	607.50 Mil	620.00 Mil	-4.0%		Lowered	Guidance: 632.50 Mil for 2025
2025 Adjusted diluted EPS	0.54	0.56	0.58	-8.2%		Lowered	Guidance: 0.61 for 2025
2025 Free cash flow	225.00 Mil	237.50 Mil	250.00 Mil	-11.2%		Lowered	Guidance: 267.50 Mil for 2025

Insider Activity

Expand for More

#	Owner	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Rushing, Coretha M	Direct	Buy	12042025	2.25	1,018	2,288	165,715	Form
2	Lopes, Robert A Jr	Direct	Buy	12012025	2.39	10,000	23,899	191,594	Form
3	Massey, Richard N	Limited Partnership	Buy	12012025	2.33	100,000	232,500	232,500	Form
4	Schriesheim, Robert A	Direct	Buy	12012025	2.38	42,098	100,189	259,718	Form
5	Rajgopal, Kausik	Direct	Buy	11252025	2.24	40,000	89,596	280,440	Form

ALIT Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing ALIT?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What ALIT Makes & Who Pays

TTM figures based on

ALIT Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Alight (ALIT)

Market Price (4/19/2026): $0.6174 | Market Cap: $322.7 MilSector: Consumer Staples | Industry: Tobacco

Alight (ALIT)

Market Price (4/19/2026): $0.6174Market Cap: $322.7 MilSector: Consumer StaplesIndustry: Tobacco

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Alight (ALIT)

Key Risks to Alight (ALIT)

Employer Solutions

Professional Services

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Alight (ALIT)

INDUSTRY: Tobacco

Higher Rev Chg 3Y Avg | Lower P/S (Values for ALIT: 0.9% | 0.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for ALIT: 0.9% | 9.4x)

Higher Rev Chg LTM (Value for ALIT: -3.0%)

Higher Rev Chg 3Y Avg (Value for ALIT: 0.9%)

Higher Op Mgn LTM (Value for ALIT: 1.5%)

Higher CFO/Rev LTM (Value for ALIT: 15.9%)

Higher FCF/Rev LTM (Value for ALIT: 11.1%)

Higher Total Yield (Value for ALIT: -944.4%)

SECTOR: Consumer Staples

Higher Rev Chg 3Y Avg | Lower P/S (Values for ALIT: 0.9% | 0.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for ALIT: 0.9% | 9.4x)

Higher Rev Chg LTM (Value for ALIT: -3.0%)

Higher Rev Chg 3Y Avg (Value for ALIT: 0.9%)

Higher Op Mgn LTM (Value for ALIT: 1.5%)

Higher CFO/Rev LTM (Value for ALIT: 15.9%)

Higher FCF/Rev LTM (Value for ALIT: 11.1%)

Higher Total Yield (Value for ALIT: -944.4%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for ALIT: 0.9% | 0.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for ALIT: 0.9% | 9.4x)

Higher Rev Chg LTM (Value for ALIT: -3.0%)

Higher Rev Chg 3Y Avg (Value for ALIT: 0.9%)

Higher Op Mgn LTM (Value for ALIT: 1.5%)

Higher CFO/Rev LTM (Value for ALIT: 15.9%)

Higher FCF/Rev LTM (Value for ALIT: 11.1%)

Higher Total Yield (Value for ALIT: -944.4%)

Best Bets in Consumer Staples

P/EBIT (Value for ALIT: -0.1x)

P/E (Value for ALIT: -0.1x)

Rev Chg 3Y Avg (Value for ALIT: 0.9%)

Rev Chg LTM (Value for ALIT: -3.0%)

Rev Chg Q (Value for ALIT: -4.0%)

FCF/Rev 3Y Avg (Value for ALIT: 9.0%)

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Market Price (4/19/2026): $0.6174 | Market Cap: $322.7 Mil
Sector: Consumer Staples | Industry: Tobacco

Market Price (4/19/2026): $0.6174
Market Cap: $322.7 Mil
Sector: Consumer Staples
Industry: Tobacco