Alaska Air Group Inc Financials
This page shows Alaska Air Group Inc (ALK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Alaska Air Group Inc has an operating margin of 2.4%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is down from 4.9% the prior year.
Alaska Air Group Inc's revenue declined 100% year-over-year, from $11.7B to $13K. This contraction results in a growth score of 0/100.
Alaska Air Group Inc carries a low D/E ratio of 1.16, meaning only $1.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Alaska Air Group Inc's current ratio of 0.50 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
Alaska Air Group Inc generates a 2.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is down from 9.0% the prior year.
Alaska Air Group Inc scores 234054.87, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.3B) relative to total liabilities ($16K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Alaska Air Group Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Alaska Air Group Inc generates $12.49 in operating cash flow ($1K OCF vs $100 net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Alaska Air Group Inc earns $1.1 in operating income for every $1 of interest expense ($303 vs $272). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Alaska Air Group Inc generated $13K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Alaska Air Group Inc's EBITDA was $1K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Alaska Air Group Inc reported $100 in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Alaska Air Group Inc earned $0.83 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 73.1% from the prior year.
Alaska Air Group Inc held $627 in cash against $5K in long-term debt as of fiscal year 2025.
Alaska Air Group Inc had 115M shares outstanding in fiscal year 2025. This represents a decrease of 6.9% from the prior year.
Alaska Air Group Inc's operating margin was 2.4% in fiscal year 2025, reflecting core business profitability. This is down 2.5 percentage points from the prior year.
Alaska Air Group Inc's net profit margin was 0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Alaska Air Group Inc's ROE was 2.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the prior year.
Alaska Air Group Inc spent $570 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
ALK Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B-3.6% | $3.8B+1.7% | $3.7B+18.1% | $3.1B-11.2% | $3.5B+15.0% | $3.1B+6.0% | $2.9B+29.8% | $2.2B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $75.0M-49.3% | $148.0M-46.6% | $277.0M+240.6% | -$197.0M-369.9% | $73.0M-78.6% | $341.0M+5.9% | $322.0M+294.0% | -$166.0M |
| Interest Expense | $70.0M0.0% | $70.0M+6.1% | $66.0M0.0% | $66.0M+17.9% | $56.0M+27.3% | $44.0M+22.2% | $36.0M+2.9% | $35.0M |
| Income Tax | $9.0M-76.3% | $38.0M-42.4% | $66.0M+198.5% | -$67.0M-937.5% | $8.0M-91.3% | $92.0M-4.2% | $96.0M+308.7% | -$46.0M |
| Net Income | $21.0M-71.2% | $73.0M-57.6% | $172.0M+203.6% | -$166.0M-333.8% | $71.0M-69.9% | $236.0M+7.3% | $220.0M+266.7% | -$132.0M |
| EPS (Diluted) | $0.14-77.4% | $0.62-56.3% | $1.42+205.2% | $-1.35-332.8% | $0.58-68.5% | $1.84+7.6% | $1.71+262.9% | $-1.05 |
ALK Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20.4B+1.7% | $20.0B+0.6% | $19.9B+0.3% | $19.8B+0.3% | $19.8B+1.1% | $19.6B+27.5% | $15.3B+3.6% | $14.8B |
| Current Assets | $3.3B-5.8% | $3.5B-1.2% | $3.5B-5.8% | $3.7B-1.0% | $3.8B+0.6% | $3.7B+10.7% | $3.4B+7.9% | $3.1B |
| Cash & Equivalents | $627.0M-19.4% | $778.0M+3.7% | $750.0M-28.2% | $1.0B-13.1% | $1.2B+18.3% | $1.0B-9.0% | $1.1B+26.0% | $885.0M |
| Inventory | $203.0M-11.4% | $229.0M+5.0% | $218.0M+5.8% | $206.0M+3.5% | $199.0M-1.5% | $202.0M+90.6% | $106.0M+1.9% | $104.0M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $2.7B0.0% | $2.7B0.0% | $2.7B0.0% | $2.7B0.0% | $2.7B+0.8% | $2.7B+33.0% | $2.0B0.0% | $2.0B |
| Total Liabilities | $16.2B+1.6% | $16.0B+0.3% | $15.9B+1.7% | $15.7B+1.9% | $15.4B+2.1% | $15.1B+35.7% | $11.1B+2.6% | $10.8B |
| Current Liabilities | $6.6B-1.1% | $6.7B-0.7% | $6.7B+0.1% | $6.7B+9.0% | $6.1B-1.6% | $6.2B+25.8% | $5.0B+2.9% | $4.8B |
| Long-Term Debt | $4.8B+6.2% | $4.5B+0.9% | $4.4B+3.7% | $4.3B-4.5% | $4.5B+8.0% | $4.2B+79.8% | $2.3B+2.2% | $2.3B |
| Total Equity | $4.1B+2.2% | $4.0B+2.2% | $3.9B-4.7% | $4.1B-5.4% | $4.4B-2.4% | $4.5B+6.0% | $4.2B+6.3% | $4.0B |
| Retained Earnings | $5.0B+0.4% | $5.0B+1.5% | $4.9B+3.6% | $4.8B-3.4% | $4.9B+1.5% | $4.9B+5.1% | $4.6B+5.0% | $4.4B |
ALK Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $185.0M-19.2% | $229.0M-39.1% | $376.0M-18.1% | $459.0M+67.5% | $274.0M-13.8% | $318.0M-45.2% | $580.0M+98.6% | $292.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $57.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $235.0M |
| Investing Cash Flow | -$627.0M-151.8% | -$249.0M+32.0% | -$366.0M+3.9% | -$381.0M-92.4% | -$198.0M+34.2% | -$301.0M+33.6% | -$453.0M-242.5% | $318.0M |
| Financing Cash Flow | $291.0M+438.9% | $54.0M+117.5% | -$308.0M-30.5% | -$236.0M-310.7% | $112.0M+240.0% | -$80.0M-187.0% | $92.0M+1940.0% | -$5.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $30.0M+500.0% | $5.0M-98.8% | $430.0M+309.5% | $105.0M-57.8% | $249.0M+1678.6% | $14.0M-51.7% | $29.0M+45.0% | $20.0M |
ALK Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 2.1%-1.9pp | 3.9%-3.6pp | 7.5%+13.8pp | -6.3%-8.3pp | 2.1%-9.0pp | 11.1%-0.0pp | 11.1%+18.6pp | -7.4% |
| Net Margin | 0.6%-1.4pp | 1.9%-2.7pp | 4.6%+9.9pp | -5.3%-7.3pp | 2.0%-5.7pp | 7.7%+0.1pp | 7.6%+13.5pp | -5.9% |
| Return on Equity | 0.5%-1.3pp | 1.8%-2.5pp | 4.4% | N/A | 1.6%-3.6pp | 5.3%+0.1pp | 5.2% | N/A |
| Return on Assets | 0.1%-0.3pp | 0.4%-0.5pp | 0.9%+1.7pp | -0.8%-1.2pp | 0.4%-0.9pp | 1.2%-0.2pp | 1.4%+2.3pp | -0.9% |
| Current Ratio | 0.50-0.0 | 0.520.0 | 0.52-0.0 | 0.56-0.1 | 0.61+0.0 | 0.60-0.1 | 0.68+0.0 | 0.65 |
| Debt-to-Equity | 1.16+0.0 | 1.11-0.0 | 1.13+0.1 | 1.040.0 | 1.03+0.1 | 0.93+0.4 | 0.55-0.0 | 0.57 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.5% |
Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Alaska Air Group Inc's annual revenue?
Alaska Air Group Inc (ALK) reported $13K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alaska Air Group Inc's revenue growing?
Alaska Air Group Inc (ALK) revenue declined by 100% year-over-year, from $11.7B to $13K in fiscal year 2025.
Is Alaska Air Group Inc profitable?
Yes, Alaska Air Group Inc (ALK) reported a net income of $100 in fiscal year 2025, with a net profit margin of 0.8%.
What is Alaska Air Group Inc's earnings per share (EPS)?
Alaska Air Group Inc (ALK) reported diluted earnings per share of $0.83 for fiscal year 2025. This represents a -73.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Alaska Air Group Inc's EBITDA?
Alaska Air Group Inc (ALK) had EBITDA of $1K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alaska Air Group Inc have?
As of fiscal year 2025, Alaska Air Group Inc (ALK) had $627 in cash and equivalents against $5K in long-term debt.
What is Alaska Air Group Inc's operating margin?
Alaska Air Group Inc (ALK) had an operating margin of 2.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Alaska Air Group Inc's net profit margin?
Alaska Air Group Inc (ALK) had a net profit margin of 0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Alaska Air Group Inc's return on equity (ROE)?
Alaska Air Group Inc (ALK) has a return on equity of 2.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Alaska Air Group Inc's operating cash flow?
Alaska Air Group Inc (ALK) generated $1K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alaska Air Group Inc's total assets?
Alaska Air Group Inc (ALK) had $20K in total assets as of fiscal year 2025, including both current and long-term assets.
Does Alaska Air Group Inc buy back shares?
Yes, Alaska Air Group Inc (ALK) spent $570 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Alaska Air Group Inc have outstanding?
Alaska Air Group Inc (ALK) had 115M shares outstanding as of fiscal year 2025.
What is Alaska Air Group Inc's current ratio?
Alaska Air Group Inc (ALK) had a current ratio of 0.50 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Alaska Air Group Inc's debt-to-equity ratio?
Alaska Air Group Inc (ALK) had a debt-to-equity ratio of 1.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alaska Air Group Inc's return on assets (ROA)?
Alaska Air Group Inc (ALK) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alaska Air Group Inc's Altman Z-Score?
Alaska Air Group Inc (ALK) has an Altman Z-Score of 234054.87, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Alaska Air Group Inc's Piotroski F-Score?
Alaska Air Group Inc (ALK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alaska Air Group Inc's earnings high quality?
Alaska Air Group Inc (ALK) has an earnings quality ratio of 12.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alaska Air Group Inc cover its interest payments?
Alaska Air Group Inc (ALK) has an interest coverage ratio of 1.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alaska Air Group Inc?
Alaska Air Group Inc (ALK) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.