Sunday 11 October 2026 Export all ALK data to Excel Powerpack

Alaska Air Group, Inc.

Alaska Air Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.2 billion, up 21.3% from fiscal 2024. In the quarter to June 2026, revenue grew 9.75%, EPS fell 146.9%, free cash flow fell 14.6% and total debt rose 24.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.

39.36 0.16 −0.40%

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Market cap: $4.4B
P/E: 0.0×
Fwd P/E: −32.6×
Dividend yield: —
F-score: 6/9
Altman Z: 1.12
Beneish M: −2.76
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.00

Total sells 3.47

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	—	—	—	5	—	—	—	—	—	1	—	—

Insider Ownership 0.28%

Capital & Financial Ratios $m

Market Cap 4,410.00

Revenue 14,763.00

Net Income (175.00)

Free Cash Flow (548.00)

Net Debt 3,540.00

Current Ratio 0.55

Debt/Equity 1.70

P/E ratio 0.00

Fwd P/E (32.60)

P/S ratio 0.30

P/B ratio 1.19

Past 5Y EPS Growth —

This Y EPS Growth (242.25%)

Next Y EPS Growth 228.00%

Next Y revenue growth 10.86%

Next 5Y EPS Growth 48.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.37%

10-year low 10-year high

P/B against its own 10 years 11.04%

10-year low 10-year high

EV/Sales against its own 10 years 14.14%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	0.38	0.38
2019	1.40	0.35 0.35 0.35 0.35
2018	1.28	0.32 0.32 0.32 0.32
2017	1.50	0.30 0.30 0.30 0.30 0.30
2016	1.10	0.28 0.28 0.28 0.28

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,791	2,504	2,151	2,695
Receivables	383	558	565	681
Inventory	116	199	203	253
Other	239	192	69	46
	2,705	3,760	3,266	3,936

	2023	2024	2025	Q'26
Payables	207	186	324	403
ST’ Debt	289	450	721	452
Other	—	—	—	—
	4,459	6,145	6,589	7,192

Compound Annual Growth %

	10y	5y	3y
Sales	9.79%	31.90%	13.86%
Cash Flow	(2.35%)	0.00%	(4.14%)
Earnings	(19.25%)	0.00%	19.91%
Book Value	5.50%	6.63%	2.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3,300	4,065	—	—	—
’25	3,137	3,704	3,766	3,632	14,239
’24	2,232	2,897	3,072	3,534	11,735
’23	2,196	2,838	2,839	2,553	10,426
’22	1,681	2,658	2,828	2,479	9,646
’21	797	1,527	1,953	1,899	6,176
’20	1,636	421	701	808	3,566

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	421	185	—	—	—
’25	459	376	229	185	1,249
’24	292	580	318	274	1,464
’23	222	610	271	(53)	1,050
’22	287	948	174	9	1,418
’21	167	840	(106)	129	1,030
’20	33	288	(205)	(350)	(234)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	83	415	—	—	—
’25	221	486	(606)	(440)	(339)
’24	235	50	53	(155)	183
’23	98	100	(86)	(556)	(444)
’22	(1)	604	(141)	(715)	(253)
’21	140	765	(194)	29	740
’20	(86)	239	(241)	(89)	(177)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(1.69)	(0.68)	—	—	—
’25	(1.35)	1.42	0.62	0.18	0.83
’24	(1.05)	1.71	1.84	0.55	3.08
’23	(1.11)	1.86	1.08	(0.02)	1.83
’22	(1.14)	1.09	0.31	0.17	0.45
’21	(1.05)	3.15	1.53	0.14	3.77
’20	(1.87)	(1.73)	(3.49)	(3.47)	(10.59)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	54.51	61.10	57.42	53.39	20.02	46.26	38.19	30.75	32.62	37.63	Analyst estimates 2026–2028 Powerpack
	High	91.89	101.43	75.46	72.22	68.79	74.25	61.55	57.18	67.73	78.08
People
People	Employees	19,112	23,156	23,376	24,000	22,000	22,833	25,469	26,043	33,941	35,951
	Revenue/emp, $m	0.31	0.34	0.35	0.37	0.16	0.27	0.38	0.40	0.35	0.40
Income, $m
Income, $m	Revenue	5,925	7,894	8,264	8,781	3,566	6,176	9,646	10,426	11,735	14,239
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	1,316	1,159	585	1,016	(1,840)	629	79	323	545	146
	EBT margin, %	22.21	14.68	7.08	11.57	(51.60)	10.18	0.82	3.10	4.64	1.03
	Net income	797	960	437	769	(1,324)	478	58	235	395	100
	Depreciation	363	372	398	423	420	394	415	451	583	795
Per share, $
Per share, $	Revenue	47.95	64.07	67.06	71.23	28.89	49.38	76.16	81.85	93.03	120.49
	Earnings	6.59	8.34	3.55	6.24	(10.59)	3.82	0.46	1.84	3.13	0.85
	Cash flow	11.22	12.90	9.70	13.97	(1.90)	8.24	11.20	8.24	11.61	10.57
	Capex	(5.45)	(7.69)	(7.66)	(5.42)	0.46	(2.32)	(13.19)	(11.73)	(10.16)	(13.44)
	Free cash flow	5.77	5.21	2.04	8.55	(1.43)	5.92	(2.00)	(3.49)	1.45	(2.87)
	Book value	23.72	28.08	30.44	35.13	24.20	30.39	30.13	32.29	34.66	34.85
	Shares, m	124	123	123	123	123	125	127	127	126	118
Valuation, ×
Valuation, ×	P/E	13.37	9.00	17.14	10.87	0.00	13.64	93.69	20.81	20.75	55.27
	P/S	1.84	1.17	0.91	0.95	1.80	1.06	0.55	0.47	0.70	0.42
	P/B	3.71	2.67	2.00	1.93	2.15	1.71	1.40	1.19	1.87	1.44
	EV/Sales	2.07	1.29	1.01	0.95	1.84	1.17	0.53	0.53	0.91	0.66
	EV/FCF	17.19	15.87	33.33	7.90	(37.11)	9.75	(20.09)	(12.53)	58.20	(27.58)
Cash, $m
Cash, $m	Operating cash flow	1,386	1,590	1,195	1,722	(234)	1,030	1,418	1,050	1,464	1,249
	Capex	(673)	(948)	(944)	(668)	57	(290)	(1,671)	(1,494)	(1,281)	(1,588)
	Free cash flow	713	642	251	1,054	(177)	740	(253)	(444)	183	(339)
Balance, $m
Balance, $m	Working capital	(485)	(534)	(1,155)	(1,164)	(287)	(71)	(1,453)	(1,754)	(2,385)	(3,323)
	Total debt	2,964	2,569	2,103	1,499	3,495	3,818	2,159	2,471	4,988	5,555
	Net debt	1,384	948	867	(22)	149	702	(258)	680	2,484	3,404
	Shareholders’ equity	2,931	3,460	3,751	4,331	2,988	3,801	3,816	4,113	4,372	4,118
Returns, %
Returns, %	ROA	9.67	9.27	4.04	6.43	(9.79)	3.41	0.41	1.63	2.30	0.50
	ROIC	18.92	17.13	8.70	15.42	(35.36)	9.51	1.23	5.14	5.20	2.52
	ROE	29.84	30.04	12.12	19.03	(36.18)	14.08	1.52	5.93	9.31	2.36

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LTM LATAM Airlines Group S.A.	$14.5B	9.2×	8.8×	+27.15% (above 0%: growing)	−45.68% (below 0%: shrinking)	−20.71% (below 0%: shrinking)	16.27%	5.29%	Compare
AAL American Airlines Group Inc.	$8.5B	— (loss-making)	— (loss-making)	+16.28% (above 0%: growing)	−87.91% (below 0%: shrinking)	−175.65% (below 0%: shrinking)	20.73%	2.67%	Compare
CPA Copa Holdings, S.A.	$5.5B	8.8×	8.2×	+25.72% (above 0%: growing)	−53.74% (below 0%: shrinking)	+207.63% (above 0%: growing)	50.85%	8.65%	Compare
ALK Alaska Air Group, Inc.	$4.4B	— (loss-making)	— (loss-making)	+9.75% (above 0%: growing)	n/m	−14.61% (below 0%: shrinking)	100.00%	(4.13%)
SKYW SkyWest, Inc.	$3.8B	9.4×	7.8×	+6.52% (above 0%: growing)	−14.43% (below 0%: shrinking)	+122.47% (above 0%: growing)	69.52%	14.13%	Compare
AERO Grupo Aeromexico SAB DE CV - Sponsored ADR	$2.2B	8.1×	9.1×	+6.26% (above 0%: growing)	n/m	+81.61% (above 0%: growing)	66.60%	4.53%	Compare
ALGT Allegiant Travel Company	$2.1B	53.8×	32.8×	+36.86% (above 0%: growing)	n/m	−610.56% (below 0%: shrinking)	24.77%	2.24%	Compare
JBLU JetBlue Airways Corporation	$1.5B	— (loss-making)	— (loss-making)	+14.47% (above 0%: growing)	n/m	−4.95% (below 0%: shrinking)	51.32%	(5.23%)	Compare
ULCC Frontier Group Holdings, Inc.	$1.4B	— (loss-making)	— (loss-making)	+37.67% (above 0%: growing)	n/m	+183.13% (above 0%: growing)	24.71%	(7.58%)	Compare
Median of peers	$3.0B	9.2×	8.8×	+21.00%	−49.71%	+38.33%	37.81%	3.60%

All 19 Airlines stocks →