Alaska Air Group vs SkyWest
Alaska Air Group reported revenue of $14.2 billion in fiscal 2025, 3.5 times SkyWest's $4.1 billion in fiscal 2025. Alaska Air Group's revenue grew 21.3% in its latest year, and SkyWest's grew 15.0%. Alaska Air Group had an operating margin of 2.1%, against 15.2% at SkyWest. Free cash flow was $940 million at Alaska Air Group and $908 million at SkyWest.
Side by side
| Alaska Air Group | SkyWest | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $14.2B | $4.1B |
| Revenue growth | 21.3% | 15.0% |
| Revenue growth a year, last 5 years | 31.9% | 13.8% |
| Gross margin | — | — |
| Operating margin | 2.1% | 15.2% |
| Net margin | 0.7% | 10.6% |
| Free cash flow | $940M | $908M |
| Free cash flow margin | 6.6% | 22.4% |
| Return on capital | 2.9% | 10.7% |
| Net debt to EBITDA | 3.1x | 1.7x |
| Dividends and buybacks | $570M | $0M |
| Change in diluted share count | −6.6% | −0.3% |
| Last close | $38.94 | $79.38 |
| P/E at the last close | — | 7.7× |
| Insider trades, last 12 months | bought $1.0 million, sold $3.5 million | sold $16.3 million |
| Piotroski F-score | 5 of 8 | 7 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Alaska Air GroupSkyWest
Operating margin
Percent of revenue
Alaska Air GroupSkyWest
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Alaska Air GroupSkyWest
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Alaska Air Group and SkyWest pages.