Alaska Air Group, Inc.

ALK Industrials Airlines

Alaska Air Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.2 billion, up 21.3% from fiscal 2024.

Revenue
+14.4%
EPS
−309.5%
Free cash flow
−16.8%
Total debt
+22.0%

Quarter to September 2026, against a year earlier

38.88 0.18 +0.47%
Market cap
$4.3B
P/E
0.0×
Fwd P/E
−7.3×
Dividend yield
—
F-score
6/9
Altman Z
1.12
Beneish M
−2.76
Dividend safety
n/a

Alaska Air Group, Inc. (ALK) Operating margin

Alert me on Operating margin

Alaska Air Group, Inc.'s operating margin over the twelve months to 30 September 2026 was −1.89%, down 4.0 percentage points from fiscal 2025 (2.13%). Over the past ten years it has ranged from −49.8% (fiscal 2020) to 23.2% (fiscal 2015); the current reading is higher than 27% of that period. That is below the Airlines industry median of 6.13% and below the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 2.13% (2.73)
FY2024 4.86% 1.08
FY2023 3.78% 3.05
FY2022 0.73% (10.36)
FY2021 11.1% 60.87
FY2020 −49.8% (61.89)
FY2019 12.1% 4.33
FY2018 7.78% (7.52)
FY2017 15.3% (6.74)
FY2016 22.0% (1.15)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 1.90% 6.03
Jun 2026 −4.13% 4.32
Mar 2026 −8.45% (10.51)
Dec 2025 2.06% (1.87)
43 more quarters

Against its own ten years

Low −49.8% High 23.2%
Ten-year median 7.78%
Current reading's percentile 12

Operating margin against peers

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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