Alaska Air
ALK
39.59
-0.30
-0.75%
Alaska Air
US · ALK
#2216 by market cap
Listed 1970
39.59
-0.30
-0.75%
Live - 5344 symbols - heartbeat 376s ago
· 2026-10-08 07:20
Pre-market
38.70
-2.25%
After-hours
39.17
-1.06%
Overnight
39.00
-1.49%
- Market cap
- 4.42B
- P/E (TTM)i
- -24.59
- P/Bi
- 1.20
- EPSi
- 0.83
- Div yieldi
- 0.00%
- 52W posi
- 24%
Reader sentiment
Are you bullish or bearish on ALK?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.10, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +21.34% YoY
Margins
- Gross margin
- 14.17%
- Operating margin
- 3.88%
- Net margin
- 0.70%
Key ratios & quality
- Enterprise valuei
- 8.05B
- Altman Z-Scorei
- 1.10
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.26B | 8.78B | 3.57B | 6.18B | 9.65B | 10.43B | 11.74B | 14.24B |
| Gross profit | 1.67B | 1.98B | -414.00M | 1.35B | 1.66B | 1.87B | 2.12B | 2.02B |
| Selling & admin expenses | 326.00M | 313.00M | 101.00M | 173.00M | 295.00M | 303.00M | 349.00M | 407.00M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 775.00M | 1.11B | -922.00M | 674.00M | 650.00M | 837.00M | 915.00M | 553.00M |
| Pretax profit | 585.00M | 1.02B | -1.84B | 629.00M | 79.00M | 323.00M | 545.00M | 146.00M |
| Tax | 148.00M | 247.00M | -516.00M | 151.00M | 21.00M | 88.00M | 150.00M | 46.00M |
| Net profit | 437.00M | 769.00M | -1.32B | 478.00M | 58.00M | 235.00M | 395.00M | 100.00M |
| Basic EPS | 4 | 6 | -11 | 4 | 0 | 2 | 3 | 1 |
| Diluted EPS | 3.52 | 6.19 | -10.72 | 3.77 | 0.45 | 1.83 | 3.08 | 0.83 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 3.14B | 3.70B | 3.77B | 3.63B | 3.30B | 4.07B |
| Gross profit | 255.00M | 685.00M | 575.00M | 503.00M | 158.00M | 291.00M |
| Selling & admin expenses | 100.00M | 105.00M | 107.00M | 95.00M | 99.00M | 115.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -106.00M | 333.00M | 212.00M | 114.00M | -244.00M | -126.00M |
| Pretax profit | -233.00M | 238.00M | 111.00M | 30.00M | -317.00M | -214.00M |
| Tax | -67.00M | 66.00M | 38.00M | 9.00M | -124.00M | -138.00M |
| Net profit | -166.00M | 172.00M | 73.00M | 21.00M | -193.00M | -76.00M |
| Basic EPS | -1 | 1 | 1 | 0 | -2 | -1 |
| Diluted EPS | -1.35 | 1.42 | 0.62 | 0.18 | -1.69 | -0.68 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.79B | 2.04B | 4.01B | 3.92B | 3.04B | 2.71B | 3.76B | 3.27B |
| Cash & ST investments | 1.24B | 1.52B | 3.35B | 3.12B | 2.42B | 1.79B | 2.48B | 2.12B |
| Inventory | 60.00M | 72.00M | 57.00M | 62.00M | 104.00M | 116.00M | 199.00M | 203.00M |
| Total assets | 10.91B | 12.99B | 14.05B | 13.95B | 14.19B | 14.61B | 19.77B | 20.36B |
| Total current liabilities | 2.94B | 3.20B | 4.29B | 3.99B | 4.49B | 4.46B | 6.15B | 6.59B |
| Short-term debt | 486.00M | 504.00M | 1.43B | 634.00M | 504.00M | 511.00M | 657.00M | 918.00M |
| Long-term debt | 1.62B | 1.26B | 2.36B | 2.17B | 1.88B | 2.18B | 4.54B | 4.83B |
| Total liabilities | 7,161,000,000.00 | 8,662,000,000.00 | 11,058,000,000.00 | 10,150,000,000.00 | 10,370,000,000.00 | 10,500,000,000.00 | 15,396,000,000.00 | 16,243,000,000.00 |
| Total equity | 3.75B | 4.33B | 2.99B | 3.80B | 3.82B | 4.11B | 4.37B | 4.12B |
| Retained earnings | 4.53B | 5.13B | 3.76B | 4.24B | 4.30B | 4.54B | 4.93B | 5.03B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 3.72B | 3.51B | 3.47B | 3.27B | 3.02B | 3.94B |
| Cash & ST investments | 2.46B | 2.12B | 2.27B | 2.12B | 1.77B | 2.66B |
| Inventory | 206.00M | 218.00M | 229.00M | 203.00M | 232.00M | 253.00M |
| Total assets | 19.82B | 19.89B | 20.01B | 20.36B | 20.30B | 21.25B |
| Total current liabilities | 6.70B | 6.71B | 6.66B | 6.59B | 7.06B | 7.19B |
| Short-term debt | 741.00M | 725.00M | 744.00M | 918.00M | 710.00M | 669.00M |
| Long-term debt | 4.29B | 4.45B | 4.49B | 4.83B | 4.82B | 5.78B |
| Total liabilities | 15,681,000,000.00 | 15,943,000,000.00 | 15,983,000,000.00 | 16,243,000,000.00 | 16,567,000,000.00 | 17,576,000,000.00 |
| Total equity | 4.14B | 3.94B | 4.03B | 4.12B | 3.73B | 3.67B |
| Retained earnings | 4.76B | 4.94B | 5.01B | 5.03B | 4.84B | 4.76B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.20B | 1.72B | -234.00M | 1.03B | 1.42B | 1.05B | 1.46B | 1.25B |
| Depreciation & amortization | 398.00M | 423.00M | 420.00M | 394.00M | 415.00M | 451.00M | 583.00M | 795.00M |
| Free cash flow | 235.00M | 1.03B | -456.00M | 738.00M | -253.00M | -444.00M | 183.00M | -339.00M |
| Dividends paid | -158.00M | -173.00M | -45.00M | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -50.00M | -75.00M | -31.00M | 0 | 0 | -137.00M | -312.00M | -570.00M |
| Ending cash balance | 114.00M | 232.00M | 1.39B | 494.00M | 369.00M | 308.00M | 1.26B | 684.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 459.00M | 376.00M | 229.00M | 185.00M | 421.00M | 185.00M |
| Depreciation & amortization | 194.00M | 199.00M | 203.00M | 199.00M | 204.00M | 207.00M |
| Free cash flow | 221.00M | -127.00M | 7.00M | -440.00M | 83.00M | 0 |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -105.00M | -430.00M | -5.00M | -30.00M | -193.00M | -57.00M |
| Ending cash balance | 1.10B | 801.00M | 835.00M | 684.00M | 508.00M | 1.13B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 11.70 | 19.03 | -36.18 | 14.08 | 1.52 | 5.93 | 9.31 | 2.36 |
| ROA %i | 4.04 | 6.43 | -9.79 | 3.41 | 0.41 | 1.63 | 2.30 | 0.50 |
| ROIC %i | 7.63 | 11.72 | -16.48 | 6.88 | 1.14 | 3.16 | 4.54 | 1.81 |
| 5-year avg ROE %i | 27.70 | 25.68 | 10.97 | 7.82 | 2.12 | 0.88 | -1.07 | 6.64 |
| EBIT margin %i | 7.96 | 12.29 | -49.16 | 12.08 | 1.79 | 4.00 | 5.85 | 2.68 |
| FCF / sales %i | 2.84 | 11.68 | -- | 11.95 | -- | -- | 1.56 | -- |
| Current ratioi | 0.61 | 0.64 | 0.93 | 0.98 | 0.68 | 0.61 | 0.61 | 0.50 |
| Quick ratioi | 0.54 | 0.58 | 0.89 | 0.92 | 0.60 | 0.49 | 0.49 | 0.41 |
| Debt / assetsi | 19.27 | 24.68 | 35.97 | 29.29 | 26.65 | 26.13 | 32.34 | 33.85 |
| LT debt / equityi | 43.11 | 62.41 | 121.32 | 90.82 | 85.85 | 80.40 | 131.20 | 145.09 |
| Interest coveragei | 9.01 | 17.13 | -20.15 | 6.38 | 1.84 | 4.44 | 4.84 | 1.62 |
| Revenue CAGR (3Y) %i | 13.86 | 14.01 | -23.27 | -9.25 | 3.18 | 42.99 | 23.86 | 13.86 |
| Net income CAGR (3Y) %i | -19.83 | -1.19 | -- | 3.03 | -57.75 | -- | -6.16 | 19.91 |
| FCF CAGR (3Y) %i | -32.17 | 13.16 | -- | 46.44 | -- | -- | -37.18 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 8.90 | 7.66 | 3.53 | 2.36 | 1.86 | -4.60 |
| ROA %i | 2.08 | 1.78 | 0.76 | 0.50 | 0.36 | -0.85 |
| ROIC %i | 4.43 | 4.11 | 2.27 | 1.81 | 1.62 | -0.64 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 5.20 | 4.51 | 2.93 | 2.68 | 2.15 | -0.86 |
| FCF / sales %i | 1.58 | -- | -- | -- | -- | -- |
| Current ratioi | 0.56 | 0.52 | 0.52 | 0.50 | 0.43 | 0.55 |
| Quick ratioi | 0.45 | 0.43 | 0.43 | 0.41 | 0.34 | 0.46 |
| Debt / assetsi | 31.67 | 32.05 | 32.34 | 33.85 | 32.85 | 35.85 |
| LT debt / equityi | 133.79 | 143.28 | 142.14 | 145.09 | 159.69 | 189.29 |
| Interest coveragei | 3.93 | 3.12 | 1.89 | 1.62 | 1.25 | -0.48 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 07:20:45 · For reference only, not investment advice and not tailored to your situation.