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ALASKA AIR GROUP, INC.

ALK

$50.00 ▼ -0.68 (-1.34%) at close

19 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bearish

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Analytical Summary

ALASKA AIR GROUP, INC. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $5.9B

Dividend Yield —

Revenue Growth 21.3% ↗

Op. Margin 2.1% ↘

ROIC 2.2% ↘

FCF / Share $10.57 ↘

Trailing P/E 58.8x

Price / Book 1.4x

FCF Yield 21.1%

Debt / Equity 1.29

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$14.24B

↑ +21.3% —

Net Income Profit after all expenses

$100.00M

↓ -74.7% —

Operating Margin Operating profit as % of sales

2.1%

↓ -56.2% 34th

FCF / Share Free cash flow per share

$10.57

↓ -8.9% —

Long-Term Debt Long-term obligations

$5.31B

↑ +7.6% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.40 Latest / share

+9.4% YoY

+22.9% 6-yr CAGR

$0.50

FY 2014

$0.80

FY 2015

$1.10

FY 2016

$1.20

FY 2017

$1.28

FY 2018

$1.40

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	21.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+327%)	12.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+151%)	8.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+62%)	56.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1024%)	73.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1364%)	-59.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1288%)	6.3% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25%)	4.7% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-6%)	—	—	—	—	—	N/M	12.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	12.7% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+154%)	-7.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-244%)	—	—
EPS Growth YoY (%)	-72.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	70.1% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	300.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-88.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	75.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-54.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	18.2% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-0.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	47.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	23.1% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-18.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	31.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-51.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	106.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	-74.7% Weak ↓ Weak Declining Year-over-year change in net income	68.1% Excellent ↓ Excellent Declining Year-over-year change in net income	305.2% Excellent Excellent Year-over-year change in net income	-87.9% Weak Weak Year-over-year change in net income	N/M	N/M	76.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-54.5% Weak ↓ Weak Declining Year-over-year change in net income	17.9% Good → Good Stable Year-over-year change in net income	-4.0% Weak ↓ Weak Declining Year-over-year change in net income	40.2% Excellent ↑ Excellent Improving Year-over-year change in net income	19.1% Good ↓ Good Declining Year-over-year change in net income	60.8% Excellent ↑ Excellent Improving Year-over-year change in net income	29.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-2.4% Weak Weak Year-over-year change in net income	106.5% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	-8.9% Weak Weak Year-over-year change in free cash flow	N/M	-74.5% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	336.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-58.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-20.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-2.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	136.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-16.4% Weak ↑ Weak Improving Year-over-year change in free cash flow	-10.8% Weak ↑ Weak Improving Year-over-year change in free cash flow	-22.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-58.0% Weak Weak Year-over-year change in free cash flow	N/M	38.4% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	13.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	23.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	43.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	3.2% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-9.3% Weak Weak Compound annual revenue growth over 3 years	-23.3% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	5.6% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	31.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	6.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.8% Fair Fair Compound annual revenue growth over 5 years	4.1% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	22.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-6.4% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	—	-58.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	—	-1.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-18.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	20.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	22.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	13.9% Good ↑ Good Improving Compound annual EPS growth over 3 years	9.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-19.7% Weak Weak Compound annual EPS growth over 3 years	9.7% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	2.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	4.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-60%)	3.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	0.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	11.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	-49.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-515%)	12.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	7.8% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	15.3% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	—	—	—	—	—	10.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	12.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	7.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	-4.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	—
Effective Tax Rate (%) (%)	31.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.2% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.6% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	17.2% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	37.9% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.7% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.5% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	0.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	3.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	2.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	0.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-37.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-564%)	8.8% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	5.3% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	12.2% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	—	—	—	—	—	5.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	6.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	3.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	-3.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	—
FCF Margin (%) (%)	8.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-2.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-12.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	7.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	7.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.6% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-6.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	12.49x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.71x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.89x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-4.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.54x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.34x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.33x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.54x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.87x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.26x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-1.20x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.77x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	4.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	0.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.2% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-19.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	14.4% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	8.7% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	33.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	20.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	8.2% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	-20.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	1.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-12.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	11.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	13.5% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	19.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.4% Fair Fair Operating profit relative to total assets Optimal: > 10%	5.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	2.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-84%)	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	5.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-62%)	1.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-90%)	12.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	-44.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-395%)	17.8% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+18%)	11.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	27.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+85%)	27.8% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+85%)	35.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+134%)	28.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+90%)	25.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+67%)	22.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	20.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+39%)	22.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+51%)	13.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	-20.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-237%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	1.29x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+84%)	1.13x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+61%)	0.60x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-14%)	0.57x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-19%)	0.67x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.17x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+67%)	0.35x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.56x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-20%)	0.74x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+6%)	1.01x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+44%)	0.28x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-60%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.43x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	0.73x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.11x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+59%)	1.39x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+98%)	1.95x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+178%)	—	—
Interest Coverage (x)	1.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	3.85x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.26x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.65x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	5.35x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-18.11x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	13.63x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	7.07x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	11.73x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	24.53x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	30.90x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	20.04x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.96x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.31x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.16x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.35x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.56x Caution Caution Operating income divided by interest expense Optimal: > 5x	-1.64x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$4.68B	$3.73B	$2.19B	$1.82B	$2.07B	$2.12B	$1.28B	$2.00B	$2.38B	$2.64B	$610.00M	$696.00M	$791.00M	$910.00M	$1.21B	$1.44B	$1.53B	$-283.10M	$-204.30M
Debt / EBITDA (x)	4.84x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.28x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.92x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.45x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.35x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.58x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.01x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.02x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.63x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.73x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.42x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.64x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.79x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.30x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.88x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.19x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.49x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$120.49	$93.03	$81.85	$76.16	$49.38	$28.89	$71.23	$67.06	$64.07	$0.00	$0.00	$0.00	$0.00	$0.00	$60.18	$106.98	$94.93	$100.78	—
Basic EPS, GAAP (USD)	$0.85	$3.13	$1.84	$0.46	$3.82	$-10.72	$6.24	$3.55	$7.79	$6.59	$6.61	$4.47	$3.63	$4.47	$3.41	$7.01	$3.39	$-3.74	—
Free Cash Flow per Share (USD)	$10.57	$11.61	$-3.49	$-2.00	$5.90	$-3.69	$8.32	$1.91	$4.58	$5.73	$5.87	$2.48	$2.97	$3.32	$4.31	$10.26	$-4.07	$-6.61	—
Dividend per Share (USD)	—	—	—	—	—	—	$1.40	$1.28	$1.20	$1.10	$0.80	$0.50	$0.20	$0.00	—	—	—	—	—
Book Value per Share (USD)	$35.64	$35.51	$32.62	$29.92	$30.19	$24.05	$35.21	$30.45	$28.12	$23.77	$19.26	$16.18	$14.76	$20.19	$16.54	$30.86	$24.35	$18.21	—
Tangible Book Value per Share (USD)	$5.02	$6.29	$16.50	$13.94	$13.95	$7.55	$18.42	$13.65	$11.25	$6.92	$19.26	$16.18	$14.76	$20.19	$16.54	$30.86	$24.35	$18.21	—
Basic Weighted Avg Shares (shares)	118.17M	126.14M	127.38M	126.66M	125.06M	123.45M	123.28M	123.23M	123.21M	123.56M	128.37M	135.44M	139.91M	70.71M	71.75M	35.82M	35.81M	36.34M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	22.4% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	36.1% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	15.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	16.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	12.1% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	11.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	5.5% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$-3.32B	$-2.38B	$-1.75B	$-1.45B	$-71.00M	$-287.00M	$-1.16B	$-1.16B	$-534.00M	$-485.00M	$-142.00M	$-32.00M	$182.00M	$236.00M	$86.00M	$237.30M	$364.80M	—	—
LT Debt (USD)	$5.31B	$4.93B	$2.47B	$2.16B	$2.54B	$3.50B	$1.50B	$2.10B	$2.57B	$2.96B	$683.00M	$803.00M	$871.00M	$1.03B	$1.31B	$1.53B	$1.70B	—	—
Total Equity (USD)	$4.12B	$4.37B	$4.11B	$3.82B	$3.80B	$2.99B	$4.33B	$3.75B	$3.46B	$2.93B	$2.41B	$2.13B	$2.03B	$1.42B	$1.17B	$1.11B	$872.10M	$661.90M	$1.03B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$14.24B	$11.73B	$10.43B	$9.65B	$6.18B	$3.57B	$8.78B	$8.26B	$7.89B	$0.00	$0.00	$0.00	$0.00	$0.00	$4.32B	$3.83B	$3.40B	$3.66B	—
Depreciation Expense (USD)	$795.00M	$583.00M	$451.00M	$415.00M	$394.00M	$420.00M	$423.00M	$398.00M	$372.00M	$363.00M	$320.00M	$294.00M	$270.00M	$264.00M	$247.00M	$230.50M	$219.20M	$204.60M	—
Net Income, GAAP (USD)	$100.00M	$395.00M	$235.00M	$58.00M	$478.00M	$-1.32B	$769.00M	$437.00M	$960.00M	$814.00M	$848.00M	$605.00M	$508.00M	$316.00M	$245.00M	$251.10M	$121.60M	$-135.90M	—
Operating Cash Flow (USD)	$1.25B	$1.46B	$1.05B	$1.42B	$1.03B	$-234.00M	$1.72B	$1.20B	$1.59B	$1.39B	$1.58B	$1.03B	$981.00M	$753.00M	$696.00M	$552.70M	$292.50M	$172.50M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 71 quarters

ALASKA AIR GROUP, INC.

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19-Year Financial Trajectory

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