Allegiant Travel Company
ALGT Industrials Airlines
Allegiant Travel Company’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 3.74% from fiscal 2024. In the quarter to June 2026, revenue grew 36.9%, EPS grew 94.2%, free cash flow fell 610.6% and total debt rose 41.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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Allegiant Travel Company (ALGT) Piotroski F-score
Allegiant Travel Company's Piotroski F-score for fiscal 2025 is 5 out of 9: 5 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 5 | 0.00 |
| FY2024 | 5 | (2.00) |
| FY2023 | 7 | 3.00 |
| FY2022 | 4 | (4.00) |
| FY2021 | 8 | 3.00 |
| FY2020 | 5 | (1.00) |
| FY2019 | 6 | 1.00 |
| FY2018 | 5 | 1.00 |
| FY2017 | 4 | (1.00) |
| FY2016 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (1.03%) | (5.19%) | Fail | 0 |
| Positive operating cash flow | 389.77m | 338.46m | Pass | 1 |
| Rising return on assets | (1.03%) | (5.19%) | Pass | 1 |
| Cash flow above net income | 434.47m | 579.31m | Pass | 1 |
| Falling long-term leverage | 0.39 | 0.35 | Fail | 0 |
| Rising current ratio | 0.95 | 0.78 | Pass | 1 |
| No new shares issued | 18,050,000 | 17,852,000 | Fail | 0 |
| Rising gross margin | 24.93% | 25.60% | Fail | 0 |
| Rising asset turnover | 0.60 | 0.54 | Pass | 1 |
| Piotroski F-score | Mixed | 5 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| ALK Alaska Air Group, Inc. compare | 6 |
| CPA Copa Holdings, S.A. compare | 6 |
| SKYW SkyWest, Inc. compare | 6 |
| AERO Grupo Aeromexico SAB DE CV - Sponsored ADR compare | 5 |
| ALGT Allegiant Travel Company | 5 |
| JBLU JetBlue Airways Corporation compare | 4 |
| VLRS Controladora Vuela Compania de Aviacion, S.A.B. de C.V. compare | 4 |
| ULCC Frontier Group Holdings, Inc. compare | 0 |
| RJET Republic Airways Holdings Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover