ALASKA AIR GROUP, INC.
Company Stats
- Market Cap
- $4.3B
- as of Sep 30, 2026
- Enterprise Value
- $9.1B
- Shares Outstanding
- 111.6M
- Free Float
- 98.8%
Income Statement
- Revenue
- $14.2B
- Operating Income
- $303.0M
- Net Income
- $100.0M
- EBITDA
- $1.1B
- Revenue Growth, 3Y
- 13.9%
- FCF Margin, 3Y Avg
- 4.1%
- FCF Margin, Worst Year
- -4.3%
Cash Flow
- Free Cash Flow
- $940.0M
- FCF Yield
- 21.8%
- Owner FCF Yield
- 21.5%
Balance Sheet
- Cash & Equivalents
- $627.0M
- Total Debt
- $5.4B
- Net Debt
- $4.7B
- Net Debt / EBITDA
- 4.33x
- EV / EBITDA
- 8.26x
- Net Debt / EBIT
- 15.67x
Returns & Capital
- Share Repurchases
- $570.0M
- Buyback Yield, 3Y Avg
- 7.9%
- SBC, 3Y Avg
- $52.7M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $14.2B | $940.0M | 6.6% |
| FY2024 | $11.7B | $1.2B | 10.0% |
| FY2023 | $10.4B | -$444.0M | -4.3% |
| FY2022 | $9.6B | -$253.0M | -2.6% |
| FY2021 | $6.2B | $738.0M | 11.9% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 21, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges