Last 48 quarters of trend data · Industrials · Airlines & Airports
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -11.00 | — | — | — | 69.86 | 20.07 | 8.71 | — | 29.43 | 6.14 | 5.91 | — | — | 8.58 | 7.15 | — | 63.15 | 31.57 | 9.19 | — | 93.04 |
| — | — | — | — | +137.4% | +226.8% | +47.5% | — | — | -28.4% | -17.4% | — | — | -72.8% | -22.2% | — | -32.1% | +229.7% | +90.7% | — | — | |
| P/S Ratio | 0.28 | 0.25 | 0.36 | 0.32 | 0.41 | 0.40 | 0.41 | 0.48 | 0.59 | 0.47 | 0.45 | 0.61 | 0.49 | 0.42 | 0.60 | 0.61 | 0.56 | 0.44 | 0.48 | 1.09 | 0.87 |
| — | -37.4% | -12.1% | -34.1% | -31.2% | -15.3% | -8.0% | -20.4% | +21.2% | +12.2% | -25.9% | -0.4% | -12.4% | -5.1% | +25.5% | -44.0% | -36.3% | -53.4% | -61.6% | -59.7% | -56.2% | |
| P/B Ratio | 1.11 | 1.22 | 1.60 | 1.13 | 1.43 | 1.50 | 1.55 | 1.46 | 1.91 | 1.30 | 1.23 | 1.36 | 1.21 | 1.17 | 1.74 | 1.45 | 1.45 | 1.31 | 1.35 | 2.01 | 1.74 |
| — | -18.3% | +3.7% | -23.1% | -24.9% | +15.4% | +26.1% | +7.6% | +57.8% | +10.9% | -29.3% | -6.1% | -16.3% | -10.9% | +28.8% | -27.8% | -17.1% | -37.8% | -41.5% | -32.8% | -19.2% | |
| P/FCF | — | — | — | 12.66 | — | 215.46 | — | 6.86 | — | 27.42 | 25.92 | 5.76 | — | — | 17.14 | 13.65 | — | — | 2.12 | — | 61.40 |
| — | — | — | +84.7% | — | +685.7% | — | +19.0% | — | — | +51.2% | -57.8% | — | — | +709.1% | — | — | — | -15.2% | — | — | |
| EV / EBITDA | 19.79 | 9.04 | 79.50 | — | 11.10 | 8.33 | 6.14 | — | 12.87 | 5.70 | 4.41 | — | 16.63 | 6.38 | 5.67 | — | 17.50 | 12.49 | 7.24 | — | 18.43 |
| — | +8.6% | +1194.8% | — | -13.7% | +46.2% | +39.1% | — | -22.6% | -10.7% | -22.2% | — | -5.0% | -48.9% | -21.6% | — | -5.1% | +61.0% | +65.8% | — | — | |
| EV / EBIT | 35.00 | 26.69 | — | — | 29.83 | 16.90 | 8.75 | — | 21.16 | 6.65 | 4.28 | — | 33.26 | 6.23 | 4.91 | — | 16.59 | 4.32 | 5.44 | — | 40.03 |
| — | +57.9% | — | — | +41.0% | +154.0% | +104.4% | — | -36.4% | +6.9% | -12.8% | — | +100.5% | +44.2% | -9.8% | — | -58.6% | -59.9% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.7% | 18.7% | 89.3% | 100.0% | 94.3% | 96.0% | 25.5% | 16.3% | 21.8% | 28.6% | 31.3% | 13.8% | 18.9% | 26.5% | 33.1% | 12.8% | 22.9% | 31.2% | 29.4% | 7.5% | 21.6% |
| — | -80.5% | +249.7% | +515.1% | +332.1% | +235.9% | -18.3% | +18.2% | +15.6% | +8.0% | -5.6% | +7.5% | -17.5% | -15.2% | +12.6% | +70.7% | +5.7% | +8.4% | +71.5% | +120.2% | +182.1% | |
| Operating Margin | 2.1% | 1.9% | -4.1% | -8.5% | 2.1% | 3.9% | 7.5% | -6.3% | 2.1% | 11.1% | 11.1% | -7.4% | 1.3% | 7.4% | 11.9% | -8.5% | 0.9% | 2.2% | 7.0% | -12.0% | 2.1% |
| — | -51.6% | -155.3% | -34.6% | -0.0% | -64.6% | -32.7% | +15.6% | +64.8% | +49.4% | -6.4% | +12.2% | +35.1% | +239.0% | +68.8% | +29.5% | -54.8% | -83.4% | -80.4% | +40.5% | +102.8% | |
| Net Margin | 0.7% | -3.4% | -1.9% | -5.8% | 0.6% | 1.9% | 4.6% | -5.3% | 2.0% | 7.7% | 7.6% | -5.9% | -0.1% | 4.9% | 8.5% | -6.5% | 0.9% | 1.4% | 5.2% | -8.5% | 0.9% |
| — | -276.0% | -140.3% | -10.5% | -71.2% | -74.8% | -38.9% | +10.5% | +2665.9% | +56.9% | -10.2% | +8.5% | -108.8% | +246.2% | +61.7% | +24.0% | -6.4% | -85.8% | -79.9% | +48.2% | +101.7% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.4% | -4.1% | -2.1% | -4.9% | 0.5% | 1.8% | 4.3% | -3.9% | 1.6% | 5.4% | 5.4% | -3.3% | -0.0% | 3.5% | 6.3% | -3.8% | 0.6% | 1.0% | 3.7% | -3.8% | 0.5% |
| — | -322.9% | -148.2% | -26.0% | -67.9% | -66.2% | -20.6% | -19.6% | +3394.3% | +56.9% | -14.6% | +13.8% | -108.5% | +229.4% | +68.0% | +1.6% | +17.3% | -81.5% | -70.8% | +14.0% | +103.5% | |
| ROA | 0.5% | -0.7% | -0.4% | -0.9% | 0.1% | 0.4% | 0.9% | -0.8% | 0.4% | 1.4% | 1.5% | -0.9% | -0.0% | 0.9% | 1.6% | -1.0% | 0.1% | 0.3% | 1.0% | -1.0% | 0.1% |
| — | -290.1% | -142.2% | -13.2% | -71.2% | -72.9% | -40.6% | +2.6% | +2899.2% | +45.9% | -11.5% | +10.1% | -108.8% | +239.9% | +72.0% | +2.3% | +18.0% | -79.9% | -65.1% | -10.3% | +104.2% | |
| ROIC | 2.3% | 0.6% | -1.3% | -2.1% | 0.6% | 1.2% | 2.2% | -1.6% | 0.6% | 3.1% | 3.5% | -1.7% | 0.3% | 2.1% | 3.6% | -2.0% | 0.2% | 0.7% | 2.0% | -2.1% | 0.4% |
| — | -47.2% | -156.9% | -31.9% | -1.9% | -62.6% | -36.8% | +8.7% | +81.2% | +44.9% | -2.3% | +13.2% | +31.2% | +224.8% | +78.7% | +6.4% | -40.1% | -76.1% | -66.4% | -18.4% | +106.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.67 | 2.07 | 2.08 | 1.79 | 1.67 | 1.61 | 1.62 | 1.52 | 1.46 | 1.37 | 0.92 | 0.96 | 0.93 | 1.01 | 0.98 | 1.01 | 0.99 | 1.03 | 1.07 | 1.10 | 1.07 |
| — | +28.7% | +28.4% | +17.8% | +14.5% | +17.1% | +76.3% | +57.9% | +57.5% | +36.0% | -6.8% | -5.0% | -6.3% | -2.5% | -8.5% | -8.0% | -7.9% | -11.3% | -23.6% | -38.3% | -36.4% | |
| Debt / EBITDA | 6.28 | 24.49 | 195.28 | — | 25.16 | 18.44 | 13.39 | — | 24.31 | 12.80 | 8.61 | — | 29.83 | 12.74 | 8.64 | — | 29.53 | 23.83 | 14.03 | — | 29.40 |
| — | +32.8% | +1358.6% | — | +3.5% | +44.1% | +55.5% | — | -18.5% | +0.5% | -0.3% | — | +1.0% | -46.5% | -38.4% | — | +0.5% | +106.6% | +94.2% | — | — | |
| Current Ratio | 0.50 | 0.46 | 0.55 | 0.43 | 0.50 | 0.52 | 0.52 | 0.56 | 0.61 | 0.60 | 0.68 | 0.65 | 0.61 | 0.72 | 0.63 | 0.64 | 0.68 | 0.81 | 0.86 | 0.87 | 0.98 |
| — | -12.4% | +4.7% | -23.0% | -19.0% | -13.0% | -23.1% | -14.3% | +0.9% | -16.7% | +8.4% | +1.6% | -10.3% | -11.2% | -27.4% | -26.6% | -31.1% | -18.6% | -12.3% | -3.3% | +5.3% | |
| Quick Ratio | 0.46 | 0.42 | 0.51 | 0.39 | 0.46 | 0.49 | 0.49 | 0.52 | 0.58 | 0.57 | 0.66 | 0.63 | 0.58 | 0.69 | 0.61 | 0.62 | 0.65 | 0.79 | 0.84 | 0.85 | 0.97 |
| — | -13.0% | +4.5% | -24.8% | -19.8% | -14.1% | -25.5% | -16.3% | -0.2% | -18.5% | +8.6% | +1.6% | -11.1% | -12.0% | -28.2% | -27.7% | -32.4% | -19.4% | -13.3% | -4.0% | +5.1% | |
| Interest Coverage | 2.05 | 1.22 | -0.63 | -3.92 | 1.46 | 2.79 | 5.86 | -2.04 | 3.48 | 11.11 | 15.47 | -5.00 | 2.06 | 12.30 | 24.76 | -5.10 | 7.50 | 17.14 | 16.83 | -8.80 | 2.56 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ALK stock.
Alaska Air Group, Inc.'s current P/E is -11.0x. The average P/E over the last 1 quarters is 69.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Alaska Air Group, Inc.'s current operating margin is 2.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Alaska Air Group, Inc.'s business trajectory between earnings reports.