Alliance Laundry Holdings Inc.
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
Why this colour
Whoever buys today bets that repayment keeps accelerating earnings per share before the effect is priced in — and carries 71 percent BDT, the placement overhang and nearly $2 billion of borrowings in return. Whoever waits checks three lines in every quarterly report (10-Q): the Term Loan balance (still shrinking toward $1.2 billion?), net interest expense (durably below $20 million a quarter?) and BDT's stake alongside the Form 4 filings (is the next placement coming?). A first capital-allocation plan beyond repayment would be the signal that a normal world market leader is emerging from the private-equity vehicle. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Alliance Laundry is that rare combination of a first-rate business and a loaded past: world market leadership, 26 percent margins and strong free cash flow on one side — on the other, a debt pile that never financed a single investment but rather the former owner's $900 million dividend, an IPO whose proceeds went into repayment, and a 71 percent shareholder with special rights who even earned underwriting fees on his own offering. The deleveraging is measurable and faster than required, and earnings jump with every repaid tranche — but that tailwind is finite, and the free float stays small. Not investment advice.
Business model & market position
World's largest maker of commercial laundry systems with about 40 percent North America market share, 117 years of history and five established brands; the replacement cycle of a huge installed base plus parts, service and financing delivers recurring revenue (10-K 2025, Item 1).
Growth & margins
Revenue up 25 percent in two years to $1,709.2 million (2025), Q1 2026 up 9.6 percent; adjusted EBITDA of $436.5 million (a roughly 26 percent margin, North America at 28.5 percent), capital expenditures of only about 3 percent of revenue — $158 million of free cash flow in 2025, $74.7 million in Q1 2026.
Debt load & its origin
The $2,075 million Term Loan of August 2024 funded a $900 million dividend to BDT and management (Notes 18/25); despite repayment down to $1,300 million (03/31/2026) plus $620.3 million of securitization borrowings, nearly $2 billion of debt remains against $129.3 million of cash, thin equity and a B1 rating — 2025 interest bill: $150.5 million.
Governance & free float
BDT owns 71.0 percent, nominates the board majority and the chairman ("controlled company"); the charter opts out of Delaware takeover protection and includes a corporate-opportunity waiver; BDT served as an underwriter of its own IPO and holds a controlling stake in a vendor (Note 25) — a small free float with placement overhang, and insider sales since June 2026 (Forms 4/144).
Deleveraging dynamics & scanner signals
Repayment runs faster than contractually required ($710 million in 2025, $65 million in Q1 2026), two credit-margin cuts, a Moody's upgrade to B1 (06/29/2026), net interest expense halved from $44.9 million to $17.9 million in Q1 2026 — that is what feeds the earnings jump (EPS $0.28 after $0.10). The scanner's 3 hits (FCF/market cap no. 12 U.S., EPS acceleration, Pros 80) confirm the substance thesis, not trend strength; the interest tailwind is finite.
Worth Noting
ALH reached the research list via our in-house FCF/market cap scanner (no. 12 among U.S. hits as of July 18, 2026); EPS acceleration and "Pros 80" (data as of July 8, 2026) provided the confluence — scanner compositions drift daily, and this analysis is deliberately written evergreen.
IPO caveat: a young filing history (first listed 10/10/2025) — only one 10-K (FY 2025) and two 10-Q filings exist; comparison figures before 2023 come from the IPO prospectus (424B4). The company was named ALH Holding Inc. until July 2025 (EDGAR former names).
Price and valuation figures dated July 8, 2026 (about $21, about $4.2 billion market value); analyses are evergreen, daily prices are not a buy argument. The trailing P/E is distorted by the 2025 interest bill; what matters are cash flow, repayment pace and the interest line.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at ALH since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 19.10 $ to 28.00 $ · Last price: 21.50 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Furnishings, Fixtures & Appliances
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Alliance Laundry Holdings Inc. ALH | 4.3 | 31.6 | 14.1 | 37.7 | – | 13.3 | – |
| Haier Smart Home Co. Ltd HSHCY | 24.4 | 8.9 | 5.6 | 26.5 | 8.3 | 2.6 | -16.9 |
| SharkNinja, Inc. SN | 23.5 | 33.3 | 22.4 | 48.9 | 11.7 | 15.8 | 45.8 |
| Somnigroup International Inc. SGI | 13.7 | 27.4 | 16.6 | 44.7 | 10.6 | 51.6 | -22.8 |
| Mohawk Industries Inc MHK | 7.9 | 19.4 | 8.2 | 25.6 | 5.5 | -0.5 | -2.2 |
| HNI Corp HNI | 3.3 | – | 16.6 | 41.9 | 1.4 | 12.4 | 7.2 |
| Whirlpool Corporation WHR | 2.1 | – | 9.1 | 13.6 | 1.3 | -6.5 | -60.8 |
| Interface Inc TILE | 2.0 | 15.9 | 9.5 | 40.5 | 9.5 | 5.4 | 18.3 |
| MillerKnoll Inc MLKN | 1.5 | 149.6 | 8.9 | 38.8 | 6.3 | 4.7 | 9.9 |
| Median of companies shown | 4.3 | 27.4 | 9.5 | 38.8 | 7.3 | 5.4 | 2.5 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2022 | 1,376 | 191 | 100 | 0.80 | 105 | – | – |
| 2023 | 1,365 | 237 | 88 | 0.72 | 209 | 551 | 2,855 |
| 2024 | 1,508 | 291 | 98 | 0.53 | 145 | -277 | 2,832 |
| 2025 | 1,709 | 317 | 102 | 0.52 | 212 | 392 | 2,886 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.21 | – | 395 | – | 9.40 | 78 | 58 |
| 2025: Q1 | 0.10 | -49.40 | 390 | 6.90 | 4.40 | 25 | 17 |
| 2025: Q2 | 0.18 | – | 447 | – | 6.90 | 25 | 17 |
| 2025: Q3 | 0.17 | – | 438 | 13.90 | 7.50 | 66 | 53 |
| 2025: Q4 | 0.10 | -50.70 | 435 | 10.10 | 4.70 | 95 | 71 |
| 2026: Q1 | 0.28 | 184.00 | 427 | 9.60 | 13.30 | 80 | 75 |
| 2026: Q2 | 0.34 | 88.90 | 477 | 6.60 | 14.40 | 66 | 58 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 3 of our scanner strategies — each hit links to the scanner.
Growth
Quality & Balance Sheet
Research
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1.35 | 1.32 – 1.35 | 1,823 | 32.0% | 7 |
| 12/31/2027 | 1.49 | 1.42 – 1.55 | 1,936 | 10.8% | 7 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Instead of guessing what the stock is worth, we turn the question around: what free cash flow growth has to happen for today’s market value to add up? The assumptions behind it can be moved.
Today’s market value implies roughly 5.2% growth in free cash flow per year over ten years (assumptions: discount rate 10.0%, terminal growth 2.5%).
| Free cash flow (last twelve months) | $256.2M |
|---|---|
| Market cap | $4.27B |
| Free cash flow in year ten | $426.4M |
| Terminal value as a share of market value | 52.6% |
It shows which assumption is built into today’s price, not whether that assumption will hold. Every assumption can be changed with the sliders; the figures move with them.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Alliance Laundry nutzt laut Geschäftsbericht (10-K) 2025 von Dritten lizenzierte Machine-Learning- und KI-Technologien in den eigenen gewerblichen Waschsystemen (vorausschauende Wartung, Nutzungsanalytik, Systemoptimierung) und will diesen Einsatz ausdrücklich ausweiten; eine KI-Umsatzquelle weisen die Filings nicht aus, und der zugehörige Risikofaktor behandelt den KI-Einsatz als Kosten-, Compliance- und Abhängigkeitsthema (vertragliche Datennutzungs-Beschränkungen der KI-Lieferanten). Junge Filing-Historie (IPO 10.10.2025): geprüft wurden der bislang einzige 10-K (GJ 2025) und die beiden bislang einzigen 10-Q.
View the full file — quotes, sources, reviewed filings
„We currently use machine learning and AI technologies licensed from third parties to enhance our commercial laundry equipment and systems. These AI technologies, which we integrate into our products and solutions and expect to expand on, support features such as predictive maintenance, usage analytics and optimization of our laundry systems."
Wir nutzen derzeit von Dritten lizenzierte Machine-Learning- und KI-Technologien, um unsere gewerblichen Waschgeräte und -systeme zu verbessern. Diese KI-Technologien, die wir in unsere Produkte und Lösungen integrieren und deren Einsatz wir ausweiten wollen, unterstützen Funktionen wie vorausschauende Wartung, Nutzungsanalytik und die Optimierung unserer Waschsysteme.
10-K · 2026-03-13 · View SEC filing
„In some cases, we are subject to contractual limitations from our AI technology providers that restrict how we can use certain data in connection with the training and use of AI systems."
In einigen Fällen unterliegen wir vertraglichen Beschränkungen unserer KI-Technologie-Anbieter, die einschränken, wie wir bestimmte Daten im Zusammenhang mit dem Training und der Nutzung von KI-Systemen verwenden dürfen.
10-K · 2026-03-13 · View SEC filing
Filings Reviewed: 10-K 2026-03-13 · 10-Q 2026-05-12 · 10-Q 2025-11-13
Rated on July 18, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 7.5%
- More than 10% revenue growth is expected for the coming year 6.2%
- Share count grows by less than 3% a year 16.6%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") 22.6%
- Gross margin at 40% or higher and without meaningful erosion 37.6%
- Goodwill from acquisitions does not grow faster than revenue no data
- Net debt below twice EBITDA 4.8 x EBITDA
- Operating cash flow covers the profits of the last three years 278 m
- Return on capital at 15% or higher, or up versus two years ago 13.2%
- Insiders hold at least 10% or are net buyers 7.4%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% –
- Exp. sales growth 3Y > 5% 6.4%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 70.2%
- Net debt < 4x EBIT 5.8x
- EBIT positive, 10Y straight –
- Max. EBIT decline < 50% –
- Return on equity > 15% –
- ROCE > 15% 13.2%
- Expected return > 10% 76.5%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Vleugels Jan Gommaar M. | COO - INTERNATIONAL | Sell | 75,000 | 21.05 | 1,578,750 |
| Aug 31, 2026 | Ashurst Gary Robert | CCO - North America | Other | 10,476 | 22.91 | 240,005 |
| Aug 20, 2026 | Bdt Capital Partners, Llc | Director | Sell | 25,932,500 | 22.74 | 589,606,507 |
| Aug 17, 2026 | Vleugels Jan Gommaar M. | COO - INTERNATIONAL | Sell | 75,000 | 24.75 | 1,856,250 |
| Aug 6, 2026 | Schoeb Michael Donald | CHIEF EXECUTIVE OFFICER | Other | 13,938 | 28.05 | 390,961 |
| Aug 5, 2026 | Schoeb Michael Donald | CHIEF EXECUTIVE OFFICER | Other | 83,286 | 28.06 | 2,337,005 |
| Aug 5, 2026 | Nolden Dean J | CHIEF FINANCIAL OFFICER | Sell | 15,400 | 28.05 | 431,970 |
| Aug 5, 2026 | Nolden Dean J | CHIEF FINANCIAL OFFICER | Other | 15,400 | 12.46 | 191,884 |
| Aug 4, 2026 | Nolden Dean J | CHIEF FINANCIAL OFFICER | Sell | 4,600 | 28.05 | 129,030 |
| Aug 4, 2026 | Nolden Dean J | CHIEF FINANCIAL OFFICER | Other | 4,600 | 12.46 | 57,316 |
The company
About the Company
Alliance Laundry Holdings Inc. entwirft, fertigt und verkauft gewerbliche Wäschereisysteme in den USA, in der Tschechischen Republik, in Thailand und international.
- Employees
- 4,000
- Headquarters
- Ripon, WI
- Address
- 221 Shepard Street, 54971-0990 Ripon, United States
- Phone
- 920 748 3121
- Website
- alliancelaundry.com
- IPO Date
- 10/09/2025
- ISIN
- US01862Q1076
Management
| Name | Title | Birth Year |
|---|---|---|
| Michael Donald Schoeb | CEO & Director | 1963 |
| Dean J. Nolden | Chief Financial Officer | 1968 |
| Joseph Weedon Hainline III | Chief Technology Officer | 1982 |
| M. Vleugels Jan Gommaar | Senior VP & COO of International | 1966 |
| Brian Christopher Sikora | Chief Accounting Officer | – |
| Thomas Gelston | Vice President of Investor Relations | – |
| Samantha Leigh Hannan | Chief Legal & Compliance Officer | 1989 |
| Kopetsky Amanda Brooke | Chief Human Resources Officer | 1981 |
| Michael Mancuso Gaetano | Chief Operations Officer of North America | 1979 |
| Travis Joseph Lindgren | Chief Product Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/13/2026 Alliance Laundry Holdings Inc. (ALH): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.