ALK · Alaska Air Group, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ALK

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$14.24B	$11.73B	$10.43B	$9.65B	$6.18B	$3.57B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	-	-	-	-	-	-
Total Operating Expenses	$13.94B	$11.16B	$10.03B	$9.58B	$5.49B	$5.34B
D&A	$795.00M	$583.00M	$451.00M	$415.00M	$394.00M	$420.00M
Operating Income	$303.00M	$570.00M	$394.00M	$70.00M	$685.00M	($1.77B)
Interest Expense	$272.00M	$171.00M	$121.00M	$108.00M	$128.00M	$98.00M
Income Tax	$46.00M	$150.00M	$88.00M	$21.00M	$151.00M	($516.00M)
Net Income	$100.00M	$395.00M	$235.00M	$58.00M	$478.00M	($1.32B)
EPS - Basic	$0.85	$3.13	$1.84	$0.46	$3.82	($10.72)
EPS - Diluted	$0.83	$3.08	$1.83	$0.45	$3.77	($10.72)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$627.00M	$1.20B	$281.00M	$338.00M	$470.00M	$1.37B
Accounts Receivable	$565.00M	$558.00M	$383.00M	$296.00M	$546.00M	$480.00M
Inventory	$203.00M	$199.00M	$116.00M	$104.00M	$62.00M	$57.00M
Accounts Payable	$324.00M	$186.00M	$207.00M	$221.00M	$200.00M	$108.00M
Current Assets	$3.27B	$3.76B	$2.71B	$3.04B	$3.92B	$4.01B
Total Assets	$20.36B	$19.77B	$14.61B	$14.19B	$13.95B	$14.05B
Current Liabilities	$6.59B	$6.14B	$4.46B	$4.49B	$3.99B	$4.29B
Long-term Debt	$4.77B	$4.49B	$2.18B	$1.88B	$2.17B	$2.36B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	$4.12B	$4.37B	$4.11B	$3.82B	$3.80B	$2.99B
Retained Earnings	$5.03B	$4.93B	$4.54B	$4.30B	$4.24B	$3.76B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.25B	$1.46B	$1.05B	$1.42B	$1.03B	($234.00M)
Investing Cash Flow	($1.62B)	($634.00M)	($964.00M)	($1.22B)	($1.01B)	($593.00M)
Financing Cash Flow	($199.00M)	$119.00M	($147.00M)	($325.00M)	($914.00M)	$1.98B
CapEx	-	-	$1.49B	$1.67B	$292.00M	$206.00M
Free Cash Flow	-	-	($444.00M)	($253.00M)	$738.00M	($440.00M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	2.1%	4.9%	3.8%	0.7%	11.1%	-49.8%
EBITDA margin	7.7%	9.8%	8.1%	5.0%	17.5%	-38.0%
Net margin	0.7%	3.4%	2.3%	0.6%	7.7%	-37.1%
Free cash flow margin	-	-	-4.3%	-2.6%	11.9%	-12.3%
FCF / Net income	-	-	-1.89	-4.36	1.54	0.33
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	-	-	-	-	-	-
Effective tax rate	31.5%	27.5%	27.2%	26.6%	24.0%	-
Return on assets	0.5%	2.0%	1.6%	0.4%	3.4%	-9.4%
Return on equity	2.4%	9.0%	5.7%	1.5%	12.6%	-44.3%
Return on invested capital	2.3%	4.7%	4.6%	0.9%	8.7%	-26.2%
Liquidity
Current ratio	0.50	0.61	0.61	0.68	0.98	0.93
Quick ratio	0.46	0.58	0.58	0.65	0.97	0.92
Cash ratio	0.10	0.20	0.06	0.08	0.12	0.32
Leverage
Debt / Equity	1.16	1.03	0.53	0.49	0.57	0.79
Debt / Assets	0.23	0.23	0.15	0.13	0.16	0.17
Debt / EBITDA	4.34	3.90	2.58	3.88	2.01	-
Interest coverage	1.1x	3.3x	3.3x	0.6x	5.4x	-18.1x
Equity multiplier	4.94	4.52	3.55	3.72	3.67	4.70
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.70	0.59	0.71	0.68	0.44	0.25
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	14d	17d	13d	11d	32d	49d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	60.6x	21.0x	21.3x	95.4x	13.8x	-
P / B	1.5x	1.9x	1.2x	1.4x	1.7x	2.1x
P / S	0.4x	0.7x	0.5x	0.6x	1.1x	1.8x
EV / EBITDA	9.3x	10.1x	8.2x	14.5x	7.7x	-
Growth
Revenue growth (YoY)	21.3%	12.6%	8.1%	56.2%	73.2%	-59.4%
Revenue CAGR (3y)	13.9%	23.9%	43.0%	3.2%	-9.3%	-23.4%
Revenue CAGR (5y)	31.9%	6.0%	4.8%	4.0%	0.8%	-8.6%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-46.8%	44.7%	462.9%	-89.8%	-	-
Net income growth (YoY)	-74.7%	68.1%	305.2%	-87.9%	-	-
EPS growth (YoY)	-73.1%	68.3%	306.7%	-88.1%	-	-
EPS CAGR (3y)	22.6%	-6.5%	-	-58.3%	2.3%	-
EPS CAGR (5y)	-	-13.0%	-12.3%	-44.2%	-10.4%	-
FCF growth (YoY)	-	-	-75.5%	-	-	-
FCF CAGR (5y)	-	-	-	-	0.8%	-
Book value growth (YoY)	-5.8%	6.3%	7.8%	0.4%	27.2%	-31.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$14.23B total

Alaska Airlines Segment$9.09B · 63.9%

Hawaiian Airlines Segment$3.28B · 23.1%

Regional Segment$1.85B · 13.0%

Product / service

$27.62B total

Passenger$12.84B · 46.5%

Passenger Tickets$10.76B · 39.0%

Loyalty Plan$1.43B · 5.2%

Loyalty Plan Other$855.00M · 3.1%

Passenger Ancillary Services$646.00M · 2.3%

Cargo And Freight$549.00M · 2.0%

Other Services$292.00M · 1.1%

Cargo Services$257.00M · 0.9%

Geographic

$12.84B total

North America$11.63B · 90.6%

Latin America$674.00M · 5.3%

Asia Pacific$530.00M · 4.1%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✗Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Air Transportation, Scheduled

Company	Revenue (last FY)	Net margin	ROE
SNCY	$1.13B	4.7%	8.4%
ULCC	$3.72B	-3.7%	-27.9%
UAL	$59.07B	5.7%	21.9%
DAL	$63.36B	7.9%	24.0%
JBLU	$9.06B	-6.6%	-28.4%

Comparing ALASKA AIR GROUP against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Feb 14, 2020	$0.3750
Nov 18, 2019	$0.3500
Aug 19, 2019	$0.3500
May 20, 2019	$0.3500
Feb 15, 2019	$0.3500
Nov 19, 2018	$0.3200
Aug 20, 2018	$0.3200
May 21, 2018	$0.3200
Feb 16, 2018	$0.3200
Nov 20, 2017	$0.3000
Aug 18, 2017	$0.3000
May 19, 2017	$0.3000
Feb 16, 2017	$0.3000
Nov 10, 2016	$0.2750
Aug 16, 2016	$0.2750
May 20, 2016	$0.2750
Feb 19, 2016	$0.2750
Nov 13, 2015	$0.2000
Aug 14, 2015	$0.2000
May 19, 2015	$0.2000
Feb 20, 2015	$0.2000
Nov 14, 2014	$0.1250
Aug 15, 2014	$0.1250
May 21, 2014	$0.1250