Alaska Air Group, Inc. (ALK) vs Republic Airways Holdings Inc. (RJET)

Alaska Air Group, Inc. and Republic Airways Holdings Inc. are both Airlines companies. Alaska Air Group, Inc. is the larger, with a market value of $4.4B against $810.5M — 5.4× the size. Alaska Air Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Republic Airways Holdings Inc. trades at 11.3×. Republic Airways Holdings Inc. grew revenue faster over the last twelve months: 93.8% against 9.79%. Republic Airways Holdings Inc. has the higher net margin (3.53% vs −1.19%) and the higher return on invested capital (5.06% vs −1.94%). Across the 19 metrics below, Republic Airways Holdings Inc. leads on 15 and Alaska Air Group, Inc. on 4.

Valuation

Metric ALK RJET Airlines median
P/E n/m 11.29 9.74
P/S 0.30 0.40 0.55
P/B 1.19 0.57 2.00
Price to free cash flow n/m n/m 12.46
EV/EBITDA 13.44 5.37 9.19
EV/Sales 0.54 0.78 0.83
Earnings yield (3.96%) 8.86% 2.92%
Free cash flow yield (12.53%) (1.74%) 3.30%

Profitability

Metric ALK RJET Airlines median
Gross margin 100.00% 78.58% 42.57%
Operating margin (1.52%) 8.81% 4.18%
Net margin (1.19%) 3.53% 1.85%
Free cash flow margin (3.71%) (0.69%) 4.31%
Return on equity (4.60%) 10.38% 10.75%
Return on assets (0.85%) 4.06% 1.67%
Return on invested capital (1.94%) 5.06% 3.19%

Growth

Metric ALK RJET Airlines median
Revenue growth (TTM) 9.79% 93.80% 9.79%
EPS growth (last fiscal year) (73.05%) 15.21% 13.51%
Revenue growth, 5-year CAGR 31.90% 25.85% 25.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALK RJET Airlines median
Debt to equity 1.70 0.77 0.81
Current ratio 0.55 1.03 0.60
Net debt to EBITDA 3.10 2.60 1.42

Dividend

Metric ALK RJET Airlines median
Dividend yield — — 1.47%
Payout ratio — — 0.21

Size

Metric ALK RJET Airlines median
Market cap 4.41b 810.45m 3.76b

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