Alight, Inc. / Delaware (ALIT) intrinsic value & 10-year financials

Alight, Inc. / Delaware (ALIT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue shrank 2.0% a year to $2.3B, with an average return on invested capital of -14.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$8.98
Market cap
$4.7B
Revenue (FY2025)
$2.3B
Revenue growth (7-yr CAGR)
-2.0%
ROIC (10-yr avg)
-14.5%
Free cash flow (FY2025)
$250.0M

ALIT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.3B -$3.1B -$5.87 $250.0M -136.6% -69.1%
FY2024 $2.3B -$157.0M -$0.29 $131.0M -3.9% -1.3%
FY2023 $3.4B -$345.0M -$0.70 $226.0M -3.0% -1.4%
FY2022 $3.1B -$62.0M -$0.14 $138.0M -0.4% -0.2%
FY2021 — -$35.0M -$0.08 — — -0.6%
FY2020 $2.7B — — — 5.4% —
FY2019 $2.6B — — — 10.4% —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Alight, Inc. / Delaware is facing top-line stagnation, with revenue contracting over the decade.

Alight, Inc. / Delaware has historically struggled to out-earn its cost of capital, averaging just -14.5% ROIC.

Alight, Inc. / Delaware capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Alight, Inc. / Delaware is modeled at -2.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-22.89 per share.

ALIT stock: frequently asked questions

What is the intrinsic value of Alight, Inc. / Delaware (ALIT) stock?

Graham's formula only works with positive earnings. Alight, Inc. / Delaware reported diluted EPS of -$5.87 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Alight, Inc. / Delaware grown?

Revenue went from $2.6B in fiscal 2019 to $2.3B in fiscal 2025, a compound annual growth rate of -2.0%. Net income was -$3.1B in fiscal 2025.

Does Alight, Inc. / Delaware generate free cash flow?

Alight, Inc. / Delaware generated $250.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 4 reported years.

What is ALIT's return on invested capital?

Average ROIC over the last 7 fiscal years was -14.5%, and average return on equity was -26.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ALIT data come from?

From Alight, Inc. / Delaware's annual 10-K filings on SEC EDGAR, most recently filed Aug 4, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar business services stocks