15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $14.2B | $100M | 0.0% | 2.1% | — | $5.3B | $627M |
| 2024 | $11.7B | $395M | 0.0% | 4.9% | — | $4.9B | $1.2B |
| 2023 | $10.4B | $235M | 0.0% | 3.8% | -$444M | $2.5B | $281M |
| 2022 | $9.6B | $58M | 0.0% | 0.7% | -$253M | $2.2B | $338M |
| 2021 | — | $478M | — | — | $738M | $2.5B | $470M |
| 2020 | — | -$1.3B | — | — | -$456M | $3.5B | $1.4B |
| 2019 | — | $769M | — | — | $1.0B | $1.5B | $221M |
| 2018 | — | $437M | — | — | $235M | $2.1B | $105M |
| 2017 | — | $960M | — | — | $564M | $2.6B | $194M |
| 2016 | — | $797M | — | — | $708M | $3.0B | $328M |
| 2015 | — | $848M | — | — | $753M | $683M | $73M |
| 2014 | — | $605M | — | — | $336M | $803M | $107M |
| 2013 | — | $508M | — | — | $415M | $871M | $80M |
| 2012 | — | $316M | — | — | $235M | $1.0B | $122M |
| 2011 | — | $245M | — | — | $309M | $1.3B | $102M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $3.3B | -$193M | 0.0% | -8.5% | — | $5.1B | $451M |
| Dec '25 | $3.6B | $21M | 0.0% | 2.1% | — | $5.3B | $627M |
| Sep '25 | $3.8B | $73M | 0.0% | 3.9% | — | $5.0B | $778M |
| Jun '25 | $3.7B | $172M | 0.0% | 7.5% | — | $4.9B | $750M |
| Mar '25 | $3.1B | -$166M | 0.0% | -6.3% | — | $4.8B | $1.0B |
| Dec '24 | $3.5B | $71M | 0.0% | 2.1% | — | $4.9B | $1.2B |
| Sep '24 | $3.1B | $236M | 0.0% | 11.1% | — | $4.6B | $1.0B |
| Jun '24 | $2.9B | $220M | 0.0% | 11.1% | — | $2.7B | $1.1B |
| Mar '24 | $2.2B | -$132M | 0.0% | -7.4% | $235M | $2.6B | $885M |
| Dec '23 | $2.6B | -$2M | 0.0% | 1.3% | -$556M | $2.5B | $281M |
| Sep '23 | $2.8B | $139M | 0.0% | 7.4% | -$86M | $2.4B | $647M |
| Jun '23 | $2.8B | $240M | 0.0% | 11.9% | $100M | $2.1B | $536M |
| Mar '23 | $2.2B | -$142M | 0.0% | -8.5% | $98M | $2.1B | $516M |
| Dec '22 | — | $22M | — | — | -$715M | $2.2B | $338M |
| Sep '22 | $2.8B | $40M | 0.0% | 2.2% | -$141M | $2.2B | $688M |
| Jun '22 | $2.7B | $139M | 0.0% | 7.0% | $604M | $2.3B | $778M |
| Mar '22 | $1.7B | -$143M | 0.0% | -12.0% | -$1M | $2.4B | $628M |
| Dec '21 | — | $18M | — | — | $27M | $2.5B | $470M |
| Sep '21 | $2.0B | $194M | 0.0% | 13.2% | -$194M | $2.6B | $495M |
| Jun '21 | $1.5B | $397M | 0.0% | 36.0% | $765M | $3.2B | $1.0B |
How the market has priced ALK against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Alaska Air Group, Inc.'s revenue has grown 13.9% per year. These are computed facts, not advice.
As of FY2025, Alaska Air Group, Inc. reported $5.3B of total debt against $627M of cash; operating income covered interest expense 1.1×.
In FY2025, gross margin was —, operating margin 2.1%, and net margin 0.7%.
As of Jun '26, Alaska Air Group, Inc. traded at a price-to-earnings ratio of about 59.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.