Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Alaska Air Group, Inc.

ALK · NYSE · Industrial

Fundamental quality

DEMANDING

41

out of 100

Breakdown by area

I.GrowthEPS growth: 2.7% · Revenue growth: 13.1%
54
II.ProfitabilityNet margin: 0.5% · ROE: 2%
24
III.Financial healthNet debt/EBITDA: 4.51x · FCF: 6.3%
46

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Strengths

  • Growing revenue (13.1% annualized).

Risks and weaknesses

  • Thin margins (net margin of 0.5%).
  • High leverage (net debt of 4.51× EBITDA).
  • Low return on equity (ROE of 2%).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
20216,1764787382,069
20229,64658-2531,821
202310,426235-4442,190
202411,7353951,1713,732
202514,2391009404,682

Between 2021 and 2025, revenue went from $6,176M to $14,239M (+131%) and net income went from $478M to $100M (-79%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Alaska Air Group, Inc. a profitable company?

Alaska Air Group, Inc. is profitable, with a net margin of 0.5%, though a thin one.

Does Alaska Air Group, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 4.51 times its EBITDA.

Is Alaska Air Group, Inc. growing?

Its revenue has grown 13.1% annualized in recent years and its earnings per share 2.7%.

Does Alaska Air Group, Inc. generate cash?

Yes. It converts about 6.3% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Alaska Air Group, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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