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Alaska Air Group ALK Return on invested capital

Return on invested capital at other companies

Delta Air Lines logo
Delta Air LinesDAL
13.5%-0.3pp
Southwest Airlines logo
Southwest AirlinesLUV
8.1%+5.8pp
United Airlines Holdings logo
United Airlines HoldingsUAL
9.9%-1.4pp
SkyWest logo
SkyWestSKYW
9%+0.1pp
JetBlue Airways logo
JetBlue AirwaysJBLU
-5.7%-19.3pp
ALG
Allegiant TravelALGT
3.6%+2.1pp

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
FCF margin4.2%-4.3pp

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 return on invested capital?
Alaska Air Group (ALK) reported return on invested capital of -2.4% in Q2 2026.
How has Alaska Air Group's return on invested capital changed year-over-year?
Alaska Air Group's return on invested capital decreased by 153.6% year-over-year, from 4.6% to -2.4%.
What is the long-term trend for Alaska Air Group's return on invested capital?
Over 5 years (2020 to 2025), Alaska Air Group's return on invested capital has grown at a -39.3% compound annual growth rate (CAGR), from -25.4% to 2.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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