ALK vs LUV
Alaska AIR Group, Inc. and Southwest Airlines Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
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 | · | $0.72 |
| Payout ratio | · | 90.5% |
| Free cash flow | · | $-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. "·" marks a figure not available in our data.
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 |
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 |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$13,824,000,000 | LUV |
| FY2024 | −$15,748,000,000 | LUV |
| FY2023 | −$15,665,000,000 | LUV |
| FY2022 | −$14,168,000,000 | LUV |
| FY2021 | −$9,614,000,000 | LUV |
| FY2020 | −$5,482,000,000 | LUV |
| FY2019 | −$13,647,000,000 | LUV |
| FY2018 | −$13,701,000,000 | LUV |
| FY2017 | −$13,252,000,000 | LUV |
| FY2016 | −$14,364,000,000 | LUV |
| FY2015 | −$19,820,000,000 | LUV |
| FY2014 | −$18,605,000,000 | LUV |
| FY2013 | −$17,699,000,000 | LUV |
| FY2012 | −$17,088,000,000 | LUV |
| FY2011 | −$15,658,000,000 | LUV |
| FY2010 | −$8,272,000,000 | LUV |
| FY2009 | −$6,950,200,000 | LUV |
| FY2008 | −$7,360,400,000 | LUV |
LUV has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.9 pp | LUV |
| FY2024 | +1.7 pp | ALK |
| FY2023 | +0.5 pp | ALK |
| FY2022 | −1.7 pp | LUV |
| FY2021 | +1.6 pp | ALK |
| FY2020 | −3.2 pp | LUV |
| FY2019 | −1.5 pp | LUV |
| FY2018 | −5.9 pp | LUV |
| FY2017 | −3.7 pp | LUV |
| FY2016 | +2.7 pp | ALK |
| FY2010 | +2.8 pp | ALK |
| FY2009 | +2.6 pp | ALK |
| FY2008 | −5.3 pp | LUV |
The higher net margin has changed hands between ALK and LUV over this period.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ALK's net margin has been more volatile than LUV's over the 13 comparable fiscal years — 12.1 percentage points of standard deviation against 11.5.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ALK and LUV over these 13 fiscal years — ALK led in 6 and LUV in 7.
13 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ALK's return on equity has been more volatile than LUV's over the 18 comparable fiscal years — 18.3 percentage points of standard deviation against 15.4.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ALK and LUV over these 18 fiscal years — ALK led in 11 and LUV in 7.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.