ALK vs UAL
Alaska AIR Group, Inc. and United Airlines Holdings, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | ALK | UAL |
|---|---|---|
| Revenue | $14.2B | $59.1B |
| Net income | $100.0M | $3.4B |
| Gross margin | — | — |
| Net margin | 0.7% | 5.7% |
| Return on equity | 2.4% | 24.0% |
| Diluted EPS | $0.83 | $10.20 |
| Dividend / share | $0.38 | — |
| Payout ratio | 0.0% | — |
| Free cash flow | $-444.0M | $2.6B |
| Equity | $4.1B | $15.3B |
| Net debt / equity | 1.14× | 1.00× |
| Current ratio | 0.50× | 0.65× |
| Revenue CAGR 5y | 31.9% | 30.9% |
| Profit CAGR 5y | — | — |
UAL bills 4.1× the revenue of ALK, and keeps more of each dollar of revenue as profit (5.7% 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 | UAL |
|---|---|---|
| FY2025 | $14.2B | $59.1B |
| FY2024 | $11.7B | $57.1B |
| FY2023 | $10.4B | $53.7B |
| FY2022 | $9.6B | $45.0B |
| FY2021 | $6.2B | $24.6B |
| FY2020 | $3.6B | $15.4B |
| FY2019 | $8.8B | $43.3B |
| FY2018 | $8.3B | $41.3B |
| FY2017 | $7.9B | $37.8B |
| FY2016 | $5.9B | $36.6B |
Net income by year
Bottom line
| Fiscal year | ALK | UAL |
|---|---|---|
| FY2025 | $100.0M | $3.4B |
| FY2024 | $395.0M | $3.1B |
| FY2023 | $235.0M | $2.6B |
| FY2022 | $58.0M | $737.0M |
| FY2021 | $478.0M | $-2.0B |
| FY2020 | $-1.3B | $-7.1B |
| FY2019 | $769.0M | $3.0B |
| FY2018 | $437.0M | $2.1B |
| FY2017 | $960.0M | $2.1B |
| FY2016 | $797.0M | $2.2B |
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