ALK vs LUV
Alaska AIR Group, Inc. and Southwest Airlines Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | ALK | LUV |
|---|---|---|
| Revenue | $14.2B | $28.1B |
| Net income | $100.0M | $441.0M |
| Gross margin | — | — |
| Net margin | 0.7% | 1.6% |
| Return on equity | 2.4% | 4.8% |
| Diluted EPS | $0.83 | $0.79 |
| Dividend / share | $0.38 | $0.72 |
| Payout ratio | 0.0% | 90.5% |
| Free cash flow | $-444.0M | $-831.0M |
| Equity | $4.1B | $8.0B |
| Net debt / equity | 1.14× | 0.21× |
| Current ratio | 0.50× | 0.52× |
| Revenue CAGR 5y | 31.9% | 25.4% |
| Profit CAGR 5y | — | — |
LUV bills 2.0× the revenue of ALK, and keeps more of each dollar of revenue as profit (1.6% against 0.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | ALK | LUV |
|---|---|---|
| FY2025 | $14.2B | $28.1B |
| FY2024 | $11.7B | $27.5B |
| FY2023 | $10.4B | $26.1B |
| FY2022 | $9.6B | $23.8B |
| FY2021 | $6.2B | $15.8B |
| FY2020 | $3.6B | $9.0B |
| FY2019 | $8.8B | $22.4B |
| FY2018 | $8.3B | $22.0B |
| FY2017 | $7.9B | $21.1B |
| FY2016 | $5.9B | $20.3B |
Net income by year
Bottom line
| Fiscal year | ALK | LUV |
|---|---|---|
| FY2025 | $100.0M | $441.0M |
| FY2024 | $395.0M | $465.0M |
| FY2023 | $235.0M | $465.0M |
| FY2022 | $58.0M | $539.0M |
| FY2021 | $478.0M | $977.0M |
| FY2020 | $-1.3B | $-3.1B |
| FY2019 | $769.0M | $2.3B |
| FY2018 | $437.0M | $2.5B |
| FY2017 | $960.0M | $3.4B |
| FY2016 | $797.0M | $2.2B |
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