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.

Alaska Air Group Inc (ALK) Financials

ALK

Trailing 12 months to June 30, 2026

Revenue $14.8B +9.8% YoY

Net Income -$175.0M -155.9% YoY

EPS (Diluted) -$1.57 -163.6% YoY

Operating Cash Flow $1.0B -28.5% YoY

Market Cap $4.7B as of Sep 5, 2026

Price / Sales 0.3x on $14.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.3x on $3.7B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALK SEC filings page.

Alaska Air Group Inc (ALK) reported $14.8B in revenue over the twelve months to Jun 30, 2026, up 9.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI ALK FY2025 2026-08-29

Revenue expansion is being absorbed by heavier operating costs and a more leveraged, liquidity-constrained balance sheet.

Revenue more than doubled between FY2021 and FY2025, while operating margin fell from 11.1% to 2.1%. That margin divergence coincided with SG&A rising to $4.8B in FY2025, indicating added scale was accompanied by a much larger cost base rather than clean operating leverage, leaving earnings more sensitive to expense control.

Operating cash flow stayed positive in FY2022 and FY2023, yet free cash flow was negative in both years. The cash conversion gap reflects a capital-intensive reinvestment cycle: capital expenditures were $1.7B in FY2022, and the current ratio fell to 0.6x by FY2023. Internally generated cash was therefore absorbed by reinvestment before becoming available after capital spending.

Debt-to-equity rose from 0.5x in FY2023 to 1.2x in FY2025, marking a clear financing shift. The current ratio fell to 0.5x while FY2025 buybacks reached $570M, showing shareholder distributions continued as short-term balance-sheet flexibility narrowed.

Financial Health Signals

Financial Health Score 34/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Alaska Air Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Alaska Air Group Inc has an operating margin of 2.1%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is down from 4.9% the prior year.

Growth

Alaska Air Group Inc's revenue surged 21.3% year-over-year to $14.2B, reflecting rapid business expansion. This strong growth earns a score of 78/100.

Leverage

Alaska Air Group Inc has elevated debt relative to equity (D/E of 1.16), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 16/100, reflecting increased financial risk.

Liquidity

Alaska Air Group Inc's current ratio of 0.50 is below the typical benchmark, resulting in a score of 4/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Returns

Alaska Air Group Inc's ROE of 2.4% shows moderate profitability relative to equity, earning a score of 44/100. This is down from 9.0% the prior year.

Altman Z-Score Distress

1.07

Alaska Air Group Inc scores 1.07, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Alaska Air Group Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

12.49x

For every $1 of reported earnings, Alaska Air Group Inc generates $12.49 in operating cash flow ($1.2B OCF vs $100.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.11x

Alaska Air Group Inc earns $1.11 in operating income for every $1 of interest expense ($303.0M vs $272.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.1B

YoY+9.7%

QoQ+23.2%

5Y CAGR+21.6%

10Y CAGR+10.5%

Alaska Air Group Inc generated $4.1B in revenue in Q2 2026. This represents an increase of 9.7% from the same quarter a year earlier. Against the prior quarter it is up 23.2%.

EBITDA

$39.0M

YoY-91.8%

QoQ+152.0%

5Y CAGR-43.0%

10Y CAGR-22.7%

Alaska Air Group Inc's EBITDA was $39.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 91.8% from the same quarter a year earlier. Against the prior quarter it is up 152.0%.

Net Income

-$76.0M

YoY-144.2%

QoQ+60.6%

Alaska Air Group Inc reported -$76.0M in net income in Q2 2026. This represents a decrease of 144.2% from the same quarter a year earlier. Against the prior quarter it is up 60.6%.

EPS (Diluted)

-$0.68

YoY-147.9%

QoQ+59.8%

Alaska Air Group Inc earned -$0.68 per diluted share (EPS) in Q2 2026. This represents a decrease of 147.9% from the same quarter a year earlier. Against the prior quarter it is up 59.8%.

Cash & Balance Sheet

Cash & Debt

$1.1B

YoY+41.9%

QoQ+135.9%

5Y CAGR+0.7%

10Y CAGR+29.4%

Alaska Air Group Inc held $1.1B in cash against $5.7B in long-term debt as of Q2 2026.

Shares Outstanding

112M

YoY-3.2%

QoQ+0.2%

5Y CAGR-2.3%

10Y CAGR-1.0%

Alaska Air Group Inc had 112M shares outstanding in Q2 2026. This represents a decrease of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

-4.1%

YoY-11.6pp

QoQ+4.3pp

5Y CAGR-40.1pp

10Y CAGR-32.1pp

Alaska Air Group Inc's operating margin was -4.1% in Q2 2026, reflecting core business profitability. This is down 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.3 percentage points.

Net Margin

-1.9%

YoY-6.5pp

QoQ+4.0pp

5Y CAGR-27.9pp

10Y CAGR-19.3pp

Alaska Air Group Inc's net profit margin was -1.9% in Q2 2026, showing the share of revenue converted to profit. This is down 6.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.0 percentage points.

Return on Equity

-2.1%

YoY-6.4pp

QoQ+3.1pp

5Y CAGR-14.0pp

10Y CAGR-12.0pp

Alaska Air Group Inc's ROE was -2.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$57.0M

YoY-86.7%

QoQ-70.5%

10Y CAGR-1.5%

Alaska Air Group Inc spent $57.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 86.7% from the same quarter a year earlier. Against the prior quarter it is down 70.5%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

ALK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALK quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$14.8B	$14.2B+21.3%	$11.7B+12.6%	$10.4B+8.1%	$9.6B+56.2%	$6.2B+73.2%	$3.6B-59.4%	$8.8B+6.3%	$8.3B+4.7%	$7.9B+33.2%	$5.9B+5.8%	$5.6B+4.3%	$5.4B+4.1%	$5.2B+10.7%	$4.7B+7.9%	$4.3B
SG&A Expenses	$5.0B	$4.8B+32.7%	$3.6B+18.0%	$3.0B+15.2%	$2.6B+19.0%	$2.2B+8.0%	$2.1B-13.4%	$2.4B+8.2%	$2.2B+13.4%	$1.9B+38.5%	$1.4B+11.2%	$1.3B+10.4%	$1.1B+4.6%	$1.1B+4.6%	$1.0B+4.7%	$991.0M
Operating Income	-$224.0M	$303.0M-46.8%	$570.0M+44.7%	$394.0M+462.9%	$70.0M-89.8%	$685.0M+138.6%	-$1.8B-267.0%	$1.1B+65.3%	$643.0M-46.8%	$1.2B-7.5%	$1.3B+0.6%	$1.3B+34.9%	$962.0M+14.8%	$838.0M+57.5%	$532.0M+18.5%	$449.0M
EBITDA	N/A	$1.1B-4.8%	$1.2B+36.4%	$845.0M+74.2%	$485.0M-55.1%	$1.1B+179.6%	-$1.4B-191.2%	$1.5B+42.7%	$1.0B-34.1%	$1.6B-5.3%	$1.7B+3.2%	$1.6B+28.8%	$1.3B+13.4%	$1.1B+39.2%	$796.0M+14.4%	$696.0M
Interest Expense	$302.0M	$272.0M+59.1%	$171.0M+41.3%	$121.0M+12.0%	$108.0M-15.6%	$128.0M+30.6%	$98.0M+25.6%	$78.0M-14.3%	$91.0M-11.7%	$103.0M+87.3%	$55.0M+31.0%	$42.0M-12.5%	$48.0M-14.3%	$56.0M-12.5%	$64.0M-26.4%	$87.0M
Income Tax	-$215.0M	$46.0M-69.3%	$150.0M+70.5%	$88.0M+319.0%	$21.0M-86.1%	$151.0M+129.3%	-$516.0M-308.9%	$247.0M+66.9%	$148.0M-25.6%	$199.0M-61.7%	$519.0M+11.9%	$464.0M+25.4%	$370.0M+20.1%	$308.0M+55.6%	$198.0M+32.9%	$149.0M
Net Income	-$175.0M	$100.0M-74.7%	$395.0M+68.1%	$235.0M+305.2%	$58.0M-87.9%	$478.0M+136.1%	-$1.3B-272.2%	$769.0M+76.0%	$437.0M-54.5%	$960.0M+20.5%	$797.0M-6.0%	$848.0M+40.2%	$605.0M+19.1%	$508.0M+60.8%	$316.0M+29.0%	$245.0M
EPS (Basic)	N/A	$0.85-72.8%	$3.13+70.1%	$1.84+300.0%	$0.46-88.0%	$3.82+135.6%	-$10.72-271.8%	$6.24+75.8%	$3.55-54.4%	$7.79+20.8%	$6.45-2.4%	$6.61+47.9%	$4.47+23.1%	$3.63+62.8%	$2.23-34.6%	$3.41
EPS (Diluted)	-$1.57	$0.83-73.1%	$3.08+68.3%	$1.83+306.7%	$0.45-88.1%	$3.77+135.2%	-$10.72-273.2%	$6.19+75.9%	$3.52-54.6%	$7.75+20.9%	$6.41-2.3%	$6.56+48.4%	$4.42	$3.58+62.7%	$2.20	$3.33
Diluted Shares (Avg)	N/A	120M-6.6%	128M-0.3%	129M+0.6%	128M+0.9%	127M+2.7%	123M-0.7%	124M+0.3%	124M+0.1%	124M-0.4%	124M-3.9%	129M-5.4%	137M	142M-1.2%	144M	73M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.1B+9.7%	$3.3B+5.2%	$3.6B+2.8%	$3.8B+22.6%	$3.7B+27.9%	$3.1B+40.5%	$3.5B+38.4%	$3.1B+8.2%
SG&A Expenses	$1.2B+6.4%	$1.2B+10.2%	$1.2B+11.3%	$1.2B+38.8%	$1.2B+49.0%	$1.1B+40.2%	$1.1B+43.1%	$883.0M+12.9%
Operating Income	-$168.0M-160.6%	-$279.0M-41.6%	$75.0M+2.7%	$148.0M-56.6%	$277.0M-14.0%	-$197.0M-18.7%	$73.0M+128.1%	$341.0M+61.6%
EBITDA	$39.0M-91.8%	-$75.0M-2400.0%	$274.0M+4.2%	$351.0M-26.9%	$476.0M+5.8%	-$3.0M+92.5%	$263.0M+71.9%	$480.0M+48.1%
Interest Expense	$86.0M+30.3%	$76.0M+15.2%	$70.0M+25.0%	$70.0M+59.1%	$66.0M+83.3%	$66.0M+88.6%	$56.0M	$44.0M
Income Tax	-$138.0M-309.1%	-$124.0M-85.1%	$9.0M+12.5%	$38.0M-58.7%	$66.0M-31.3%	-$67.0M-45.7%	$8.0M+33.3%	$92.0M+70.4%
Net Income	-$76.0M-144.2%	-$193.0M-16.3%	$21.0M-70.4%	$73.0M-69.1%	$172.0M-21.8%	-$166.0M-25.8%	$71.0M+3650.0%	$236.0M+69.8%
EPS (Basic)	-$0.68-146.9%	-$1.69-25.2%	$0.19-66.1%	$0.63-66.3%	$1.45-16.7%	-$1.35-28.6%	$0.56+2900.0%	$1.87+71.6%
EPS (Diluted)	-$0.68-147.9%	-$1.69-25.2%	$0.18-67.9%	$0.62-66.3%	$1.42-17.0%	-$1.35-28.6%	$0.56	$1.84+70.4%
Diluted Shares (Avg)	111M-8.1%	114M-7.2%	N/A	118M-8.6%	121M-5.8%	123M-2.3%	N/A	129M-0.5%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

ALK Balance Sheet

ALK quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$20.4B+3.0%	$19.8B+35.3%	$14.6B+3.0%	$14.2B+1.7%	$14.0B-0.7%	$14.0B+8.1%	$13.0B+19.1%	$10.9B+1.5%	$10.7B+7.9%	$10.0B+52.6%	$6.5B+7.7%	$6.1B+3.9%	$5.8B+6.0%	$5.5B+6.5%	$5.2B
Current Assets	$3.3B-13.1%	$3.8B+39.0%	$2.7B-11.0%	$3.0B-22.4%	$3.9B-2.1%	$4.0B+96.7%	$2.0B+14.0%	$1.8B-17.0%	$2.2B+5.0%	$2.0B+23.3%	$1.7B+1.5%	$1.6B-7.0%	$1.8B+1.4%	$1.7B+8.8%	$1.6B
Cash & Equivalents	$627.0M-47.8%	$1.2B+327.4%	$281.0M-16.9%	$338.0M-28.1%	$470.0M-65.7%	$1.4B+519.9%	$221.0M+110.5%	$105.0M-45.9%	$194.0M-40.9%	$328.0M+349.3%	$73.0M-31.8%	$107.0M+33.8%	$80.0M-34.4%	$122.0M+19.6%	$102.0M
Short-Term Investments	$1.5B+17.4%	$1.3B-15.6%	$1.5B-27.4%	$2.1B-21.4%	$2.6B+33.9%	$2.0B+52.0%	$1.3B+14.9%	$1.1B-20.7%	$1.4B+14.0%	$1.3B-0.2%	$1.3B+13.1%	$1.1B-11.2%	$1.3B+10.6%	$1.1B+8.8%	$1.0B
Inventory	$203.0M+2.0%	$199.0M+71.6%	$116.0M+11.5%	$104.0M+67.7%	$62.0M+8.8%	$57.0M-20.8%	$72.0M+20.0%	$60.0M+5.3%	$57.0M+21.3%	$47.0M-7.8%	$51.0M-12.1%	$58.0M-3.3%	$60.0M+3.4%	$58.0M+31.8%	$44.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.7B0.0%	$2.7B+40.2%	$1.9B-4.7%	$2.0B-0.3%	$2.0B-0.3%	$2.0B+5.5%	$1.9B0.0%	$1.9B0.0%	$1.9B+0.5%	$1.9B	$0	N/A	N/A	N/A	N/A
Total Liabilities	$16.2B+5.5%	$15.4B+46.6%	$10.5B+1.3%	$10.4B+2.2%	$10.2B-8.2%	$11.1B+27.7%	$8.7B+21.0%	$7.2B-1.7%	$7.3B+0.9%	$7.2B+75.2%	$4.1B+4.6%	$3.9B+3.4%	$3.8B-6.7%	$4.1B+2.3%	$4.0B
Current Liabilities	$6.6B+7.2%	$6.1B+37.8%	$4.5B-0.8%	$4.5B+12.6%	$4.0B-7.0%	$4.3B+34.1%	$3.2B+8.8%	$2.9B+9.5%	$2.7B+6.0%	$2.5B+40.4%	$1.8B+8.0%	$1.7B+5.8%	$1.6B+5.3%	$1.5B-0.6%	$1.5B
Non-Current Liabilities	$9.7B+4.4%	$9.3B+53.1%	$6.0B+2.8%	$5.9B-4.6%	$6.2B-9.0%	$6.8B+61.2%	$4.2B+61.3%	$2.6B+11.3%	$2.3B+26.3%	$1.9B+6.1%	$1.7B+2.8%	$1.7B+15.1%	$1.5B-13.8%	$1.7B+23.7%	$1.4B
Long-Term Debt	$4.8B+6.2%	$4.5B+105.8%	$2.2B+15.9%	$1.9B-13.3%	$2.2B-7.8%	$2.4B+86.5%	$1.3B-21.8%	$1.6B-28.5%	$2.3B-14.5%	$2.6B+364.9%	$569.0M-17.1%	$686.0M-9.0%	$754.0M-13.4%	$871.0M-20.7%	$1.1B
Total Equity	$4.1B-5.8%	$4.4B+6.3%	$4.1B+7.8%	$3.8B+0.4%	$3.8B+27.2%	$3.0B-31.0%	$4.3B+15.5%	$3.8B+8.4%	$3.5B+26.1%	$2.7B+13.8%	$2.4B+13.4%	$2.1B+4.8%	$2.0B+42.8%	$1.4B+21.0%	$1.2B
Retained Earnings	$5.0B+2.0%	$4.9B+8.7%	$4.5B+5.5%	$4.3B+1.4%	$4.2B+12.7%	$3.8B-26.7%	$5.1B+13.2%	$4.5B+8.1%	$4.2B+17.5%	$3.6B+23.5%	$2.9B+34.8%	$2.1B+33.4%	$1.6B+42.6%	$1.1B+39.0%	$811.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$21.2B+6.8%	$20.3B+2.4%	$20.4B+3.0%	$20.0B+2.3%	$19.9B+29.6%	$19.8B+33.8%	$19.8B+35.3%	$19.6B+29.0%
Current Assets	$3.9B+12.2%	$3.0B-18.9%	$3.3B-13.1%	$3.5B-7.3%	$3.5B+3.9%	$3.7B+18.9%	$3.8B+39.0%	$3.7B+2.6%
Cash & Equivalents	$1.1B+41.9%	$451.0M-56.8%	$627.0M-47.8%	$778.0M-23.3%	$750.0M-32.7%	$1.0B+18.0%	$1.2B+327.4%	$1.0B+56.9%
Short-Term Investments	$1.6B+16.3%	$1.3B-7.3%	$1.5B+17.4%	$1.5B+0.3%	$1.4B-1.4%	$1.4B+1.9%	$1.3B-15.6%	$1.5B-17.4%
Inventory	$253.0M+16.1%	$232.0M+12.6%	$203.0M+2.0%	$229.0M+13.4%	$218.0M+105.7%	$206.0M+98.1%	$199.0M+71.6%	$202.0M+65.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.7B0.0%	$2.7B0.0%	$2.7B0.0%	$2.7B+0.7%	$2.7B+34.0%	$2.7B+34.0%	$2.7B+40.2%	$2.7B+32.9%
Total Liabilities	$17.6B+10.2%	$16.6B+5.7%	$16.2B+5.5%	$16.0B+6.0%	$15.9B+43.4%	$15.7B+44.7%	$15.4B+46.6%	$15.1B+36.2%
Current Liabilities	$7.2B+7.2%	$7.1B+5.3%	$6.6B+7.2%	$6.7B+6.6%	$6.7B+35.0%	$6.7B+38.7%	$6.1B+37.8%	$6.2B+23.1%
Non-Current Liabilities	$10.4B+12.5%	$9.5B+5.9%	$9.7B+4.4%	$9.3B+5.6%	$9.2B+50.2%	$9.0B+49.5%	$9.3B+53.1%	$8.8B+47.2%
Long-Term Debt	$5.7B+28.7%	$4.8B+11.0%	$4.8B+6.2%	$4.5B+8.0%	$4.4B+92.3%	$4.3B+89.5%	$4.5B+105.8%	$4.2B+95.4%
Total Equity	$3.7B-6.9%	$3.7B-9.8%	$4.1B-5.8%	$4.0B-10.0%	$3.9B-6.7%	$4.1B+4.0%	$4.4B+6.3%	$4.5B+9.4%
Retained Earnings	$4.8B-3.5%	$4.8B+1.5%	$5.0B+2.0%	$5.0B+3.1%	$4.9B+6.8%	$4.8B+8.2%	$4.9B+8.7%	$4.9B+7.1%

Not reported in any period shown, so not listed: Accounts Receivable.

ALK Cash Flow Statement

ALK quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.0B	$1.2B-14.7%	$1.5B+39.4%	$1.1B-26.0%	$1.4B+37.7%	$1.0B+540.2%	-$234.0M-113.6%	$1.7B+44.1%	$1.2B-24.8%	$1.6B+14.7%	$1.4B-12.5%	$1.6B+53.8%	$1.0B+5.0%	$981.0M+30.3%	$753.0M+8.2%	$696.0M
Depreciation & Amortization	N/A	$795.0M+36.4%	$583.0M+29.3%	$451.0M+8.7%	$415.0M+5.3%	$394.0M-6.2%	$420.0M-0.7%	$423.0M+6.3%	$398.0M+7.0%	$372.0M+2.5%	$363.0M+13.4%	$320.0M+8.8%	$294.0M+8.9%	$270.0M+2.3%	$264.0M+6.9%	$247.0M
Stock-Based Compensation	N/A	$10.0M-84.1%	$63.0M-25.9%	$85.0M+102.4%	$42.0M-17.6%	$51.0M+112.5%	$24.0M-17.2%	$29.0M-38.3%	$47.0M-14.5%	$55.0M+111.5%	$26.0M+4.0%	$25.0M+316.7%	$6.0M-81.3%	$32.0M+220.0%	$10.0M-41.2%	$17.0M
Capital Expenditures	N/A	N/A	N/A	$1.5B-10.6%	$1.7B+472.3%	$292.0M+31.5%	$222.0M-68.1%	$696.0M-27.5%	$960.0M-6.4%	$1.0B+51.3%	$678.0M-18.4%	$831.0M+19.7%	$694.0M+22.6%	$566.0M+9.3%	$518.0M+33.9%	$387.0M
Free Cash Flow	N/A	N/A	N/A	-$444.0M-75.5%	-$253.0M-134.3%	$738.0M+261.8%	-$456.0M-144.4%	$1.0B+336.6%	$235.0M-58.3%	$564.0M-20.3%	$708.0M-6.0%	$753.0M+124.1%	$336.0M-19.0%	$415.0M+76.6%	$235.0M-23.9%	$309.0M
Investing Cash Flow	-$1.5B	-$1.6B-156.0%	-$634.0M+34.2%	-$964.0M+20.9%	-$1.2B-20.8%	-$1.0B-70.0%	-$593.0M+25.0%	-$791.0M-25.4%	-$631.0M+44.1%	-$1.1B+56.9%	-$2.6B-181.9%	-$930.0M-71.9%	-$541.0M+22.5%	-$698.0M-8.2%	-$645.0M-60.0%	-$403.0M
Financing Cash Flow	$817.0M	-$199.0M-267.2%	$119.0M+181.0%	-$147.0M+54.8%	-$325.0M+64.4%	-$914.0M-146.1%	$2.0B+343.7%	-$813.0M-25.7%	-$647.0M-9.3%	-$592.0M-139.7%	$1.5B+316.7%	-$688.0M-48.9%	-$462.0M-42.2%	-$325.0M-269.3%	-$88.0M+68.7%	-$281.0M
Dividends Paid	N/A	N/A	N/A	N/A	$0	$0-100.0%	$45.0M-74.0%	$173.0M+9.5%	$158.0M+6.8%	$148.0M+8.8%	$136.0M+33.3%	$102.0M+50.0%	$68.0M+142.9%	$28.0M	$0	$0
Share Buybacks	$285.0M	$570.0M+82.7%	$312.0M+127.7%	$137.0M	$0	$0-100.0%	$31.0M-58.7%	$75.0M+50.0%	$50.0M-33.3%	$75.0M-61.1%	$193.0M-61.8%	$505.0M+45.1%	$348.0M+118.9%	$159.0M+165.0%	$60.0M-25.0%	$80.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$185.0M-50.8%	$421.0M-8.3%	$185.0M-32.5%	$229.0M-28.0%	$376.0M-35.2%	$459.0M+57.2%	$274.0M+617.0%	$318.0M+17.3%
Depreciation & Amortization	$207.0M+4.0%	$204.0M+5.2%	$199.0M+4.7%	$203.0M+46.0%	$199.0M+55.5%	$194.0M+54.0%	$190.0M+57.0%	$139.0M+23.0%
Stock-Based Compensation	N/A	$25.0M+25.0%	N/A	N/A	N/A	$20.0M+5.3%	N/A	N/A
Investing Cash Flow	-$466.0M-27.3%	-$169.0M+55.6%	-$627.0M-216.7%	-$249.0M+17.3%	-$366.0M+19.2%	-$381.0M-219.8%	-$198.0M-28.6%	-$301.0M+9.1%
Financing Cash Flow	$900.0M+392.2%	-$428.0M-81.4%	$291.0M+159.8%	$54.0M+167.5%	-$308.0M-434.8%	-$236.0M-4620.0%	$112.0M+170.4%	-$80.0M-145.2%
Share Buybacks	$57.0M-86.7%	$193.0M+83.8%	$30.0M-88.0%	$5.0M-64.3%	$430.0M+1382.8%	$105.0M+425.0%	$249.0M+271.6%	$14.0M+7.7%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

ALK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALK quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	2.1%-2.7pp	4.9%+1.1pp	3.8%+3.0pp	0.7%-10.4pp	11.1%+60.9pp	-49.8%-61.9pp	12.1%+4.3pp	7.8%-7.5pp	15.3%-6.7pp	22.0%-1.1pp	23.2%+5.3pp	17.9%+1.7pp	16.3%+4.8pp	11.4%+1.0pp	10.4%
Net Margin	0.7%-2.7pp	3.4%+1.1pp	2.3%+1.7pp	0.6%-7.1pp	7.7%+44.9pp	-37.1%-45.9pp	8.8%+3.5pp	5.3%-6.9pp	12.2%-1.3pp	13.5%-1.7pp	15.2%+3.9pp	11.3%+1.4pp	9.8%+3.1pp	6.8%+1.1pp	5.7%
Return on Equity	2.4%-6.6pp	9.0%+3.3pp	5.7%+4.2pp	1.5%-11.1pp	12.6%+56.9pp	-44.3%-62.1pp	17.8%+6.1pp	11.7%-16.1pp	27.8%-1.3pp	29.0%-6.1pp	35.2%+6.7pp	28.4%+3.4pp	25.0%+2.8pp	22.2%+1.4pp	20.9%
Return on Assets	0.5%-1.5pp	2.0%+0.4pp	1.6%+1.2pp	0.4%-3.0pp	3.4%+12.9pp	-9.4%-15.3pp	5.9%+1.9pp	4.0%-4.9pp	8.9%+0.9pp	8.0%-5.0pp	13.0%+3.0pp	10.0%+1.3pp	8.7%+3.0pp	5.7%+1.0pp	4.7%
Current Ratio	0.50-0.1x	0.610.0x	0.61-0.1x	0.68-0.3x	0.980.0x	0.93+0.3x	0.640.0x	0.61-0.2x	0.800.0x	0.81-0.1x	0.92-0.1x	0.98-0.1x	1.120.0x	1.16+0.1x	1.06
Debt-to-Equity	1.16+0.1x	1.03+0.5x	0.530.0x	0.49-0.1x	0.57-0.2x	0.79+0.5x	0.29-0.1x	0.43-0.2x	0.65-0.3x	0.96+0.7x	0.24-0.1x	0.320.0x	0.37-0.2x	0.61-0.3x	0.94
Asset Turnover	0.70+0.1x	0.59-0.1x	0.710.0x	0.68+0.2x	0.44+0.2x	0.25-0.4x	0.68-0.1x	0.760.0x	0.73+0.1x	0.59-0.3x	0.860.0x	0.890.0x	0.880.0x	0.850.0x	0.84
FCF Margin	N/A	N/A	-4.3%-1.6pp	-2.6%-14.6pp	11.9%+24.7pp	-12.8%-24.5pp	11.7%+8.8pp	2.8%-4.3pp	7.1%-4.8pp	11.9%-1.5pp	13.5%+7.2pp	6.3%-1.8pp	8.1%+3.0pp	5.1%-2.1pp	7.2%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	-4.1%-11.6pp	-8.5%-2.2pp	2.1%0.0pp	3.9%-7.2pp	7.5%-3.6pp	-6.3%+1.2pp	2.1%+0.8pp	11.1%+3.7pp
Net Margin	-1.9%-6.5pp	-5.9%-0.6pp	0.6%-1.4pp	1.9%-5.7pp	4.6%-2.9pp	-5.3%+0.6pp	2.0%+2.1pp	7.7%+2.8pp
Return on Equity	-2.1%-6.4pp	-5.2%-1.2pp	0.5%-1.1pp	1.8%-3.5pp	4.4%-0.9pp	-4.0%-0.7pp	1.6%+1.7pp	5.3%+1.9pp
Return on Assets	-0.4%-1.2pp	-0.9%-0.1pp	0.1%-0.3pp	0.4%-0.9pp	0.9%-0.6pp	-0.8%+0.1pp	0.4%+0.4pp	1.2%+0.3pp
Current Ratio	0.550.0x	0.43-0.1x	0.50-0.1x	0.52-0.1x	0.52-0.2x	0.56-0.1x	0.610.0x	0.60-0.1x
Debt-to-Equity	1.56+0.4x	1.28+0.2x	1.16+0.1x	1.11+0.2x	1.13+0.6x	1.04+0.5x	1.03+0.5x	0.93+0.4x
Asset Turnover	0.190.0x	0.160.0x	0.180.0x	0.190.0x	0.190.0x	0.160.0x	0.180.0x	0.160.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Alaska Air Group Inc ALK	FY2025	$14.2B	$100.0M	0.7%	$4.7B	34/100
American Airline AAL	FY2025	$54.6B	$111.0M	0.2%	$8.7B	27/100
Copa Holdings Sa CPA	FY2025	$3.6B	$671.6M	18.6%	$5.4B	26/100
Skywest Inc SKYW	FY2025	$4.1B	$428.3M	10.5%	$3.8B	56/100
Southwest Airls Co LUV	FY2025	$28.1B	$441.0M	1.6%	$19.4B	33/100
Jetblue Awys Corp JBLU	FY2025	$9.1B	-$602.0M	-6.6%	$1.7B	18/100

Where Alaska Air Group Inc Ranks

Frequently Asked Questions

What is Alaska Air Group Inc's annual revenue?

Alaska Air Group Inc (ALK) reported $14.2B in total revenue for fiscal year 2025. This represents a 21.3% 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 grew by 21.3% year-over-year, from $11.7B to $14.2B in fiscal year 2025.

Is Alaska Air Group Inc profitable?

Yes, Alaska Air Group Inc (ALK) reported a net income of $100.0M in fiscal year 2025, with a net profit margin of 0.7%.

What is Alaska Air Group Inc's EBITDA?

Alaska Air Group Inc (ALK) had EBITDA of $1.1B 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 $627.0M in cash and equivalents against $4.8B in long-term debt.

What is Alaska Air Group Inc's operating margin?

Alaska Air Group Inc (ALK) had an operating margin of 2.1% 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 0.7% 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 $1.2B 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 $20.4B 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 $570.0M 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 P/E ratio?

Alaska Air Group Inc (ALK) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $4.7B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alaska Air Group Inc's price-to-sales ratio?

Alaska Air Group Inc (ALK) trades at 0.3x sales, its market capitalization divided by revenue of $14.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.7B as of Sep 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Alaska Air Group Inc's Altman Z-Score?

Alaska Air Group Inc (ALK) has an Altman Z-Score of 1.07, placing it in the Distress Zone (elevated 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.11x, 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 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.