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Alaska Air Group ALK Free cash flow margin

Free cash flow margin at other companies

Southwest Airlines logo
Southwest AirlinesLUV
-1.5%+0.5pp
United Airlines Holdings logo
United Airlines HoldingsUAL
7%+6.0pp
SkyWest logo
SkyWestSKYW
21.7%+2.2pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-11.4%-1.0pp
ALG
Allegiant TravelALGT
-5%+3.3pp
Matsons logo
MatsonsMATX
16.7%-6.9pp

Other financials

Income statement

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Revenue$4.1B+9.7%
Operating income-$168.0M-161%
Net income-$76.0M-144%
EPS (diluted)-$0.68-148%

Balance sheet

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Cash & equivalents$1.1B+32.8%
Total debt$6.2B-2.2%
Total equity$3.7B-6.9%
Total assets$21.2B+6.8%

Cash flow

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Operating cash flow$185.0M-50.8%
CapEx-$185.0M-315%
Free cash flow--100%

Valuation

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Market cap$5.66B-9.1%
Enterprise value$10.83B-8.2%
P/S0.4×-0.1×

Profitability

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Operating margin-1.5%-5.2pp
Net margin-1.2%-3.5pp

Returns & leverage

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Return on equity-4.6%-12.3pp
Debt / equity1.7×+0.1×
Current ratio0.5×0.0×

Where this comes from

Calculated from Alaska Air Group’s reported figures.

Based on trailing twelve months.

The source filing: Alaska Air Group’s 8-K, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 4:30 PM EDT
Accession
0000766421-26-000036

FAQ

What is Alaska Air Group's free cash flow margin?
Alaska Air Group (ALK) reported free cash flow margin of 4.2% in Q2 2026.
How has Alaska Air Group's free cash flow margin changed year-over-year?
Alaska Air Group's free cash flow margin decreased by 50.6% year-over-year, from 8.6% to 4.2%.
What is the long-term trend for Alaska Air Group's free cash flow margin?
Over 4 years (2020 to 2025), Alaska Air Group's free cash flow margin has grown at a -15.2% compound annual growth rate (CAGR), from -12.8% to 6.6%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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