ALASKA AIR GROUP, INC. (ALK) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does ALASKA AIR GROUP, INC. Do?
Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington. ALASKA AIR GROUP, INC. (ALK) is classified as a mid-cap stock in the Industrials sector, specifically within the Transportation industry. The company is led by CEO Benito Minicucci and employs approximately 25,500 people, headquartered in SEATTLE, Washington. With a market capitalization of $4.3B, ALK is one of the notable companies in the Industrials sector.
ALASKA AIR GROUP, INC. (ALK) Stock Rating — Reduce (April 2026)
As of April 2026, ALASKA AIR GROUP, INC. receives a Reduce rating with a composite score of 39.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.ALK ranks #3,418 out of 4,446 stocks in our coverage universe. Within the Industrials sector, ALASKA AIR GROUP, INC. ranks #588 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
ALK Stock Price and 52-Week Range
ALASKA AIR GROUP, INC. (ALK) currently trades at $39.70. The stock lost $0.20 (0.5%) in the most recent trading session. The 52-week high for ALK is $65.88, which means the stock is currently trading -39.7% from its annual peak. The 52-week low is $37.40, putting the stock 6.1% above its annual trough. Recent trading volume was 2.4M shares, reflecting moderate market activity.
Is ALK Overvalued or Undervalued? — Valuation Analysis
ALASKA AIR GROUP, INC. (ALK) carries a value factor score of 52/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 13.28x, compared to the Industrials sector average of 28.33x — a discount of 53%. The price-to-book ratio stands at 1.02x, versus the sector average of 2.23x. The price-to-sales ratio is 0.31x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, ALK trades at 16.68x EV/EBITDA, versus 5.70x for the sector.
Overall, ALK's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
ALASKA AIR GROUP, INC. Profitability — ROE, Margins, and Quality Score
ALASKA AIR GROUP, INC. (ALK) earns a quality factor score of 45/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 7.6%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 1.6% versus the sector average of 3.3%.
On a margin basis, ALASKA AIR GROUP, INC. reports gross margins of 47.0%, compared to 35.8% for the sector. The operating margin is 4.1% (sector: 6.2%). Net profit margin stands at 2.2%, versus 3.9% for the average Industrials stock. Revenue growth is running at 30.0% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
ALK Debt, Balance Sheet, and Financial Health
ALASKA AIR GROUP, INC. has a debt-to-equity ratio of 129.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 0.50x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $5.31B. Cash and equivalents stand at $778M.
ALK has a beta of 1.76, meaning it is more volatile than the broader market — a $10,000 investment in ALK would be expected to move 76.0% more than the S&P 500 on any given day. The stability factor score for ALASKA AIR GROUP, INC. is 38/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
ALASKA AIR GROUP, INC. Revenue and Earnings History — Quarterly Trend
In TTM 2026, ALASKA AIR GROUP, INC. reported revenue of $13.68B and earnings per share (EPS) of $0.85. Net income for the quarter was $315M. Gross margin was 47.0%. Operating income came in at $569M.
In FY 2025, ALASKA AIR GROUP, INC. reported revenue of $14.24B and earnings per share (EPS) of $0.85. Net income for the quarter was $100M. Revenue grew 21.3% year-over-year compared to FY 2024. Operating income came in at $303M.
In Q3 2025, ALASKA AIR GROUP, INC. reported revenue of $3.77B and earnings per share (EPS) of $0.63. Net income for the quarter was $73M. Revenue grew 22.6% year-over-year compared to Q3 2024. Operating income came in at $148M.
In Q2 2025, ALASKA AIR GROUP, INC. reported revenue of $3.70B and earnings per share (EPS) of $1.45. Net income for the quarter was $172M. Revenue grew 27.9% year-over-year compared to Q2 2024. Operating income came in at $277M.
Over the past 8 quarters, ALASKA AIR GROUP, INC. has demonstrated a growth trajectory, with revenue expanding from $2.90B to $13.68B. Investors analyzing ALK stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
ALK Dividend Yield and Income Analysis
ALASKA AIR GROUP, INC. (ALK) does not currently pay a dividend. This is common among smaller companies in the Transportation industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
ALK Momentum and Technical Analysis Profile
ALASKA AIR GROUP, INC. (ALK) has a momentum factor score of 31/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 43/100 reflects moderate short selling activity.
ALK vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, ALASKA AIR GROUP, INC. (ALK) ranks #588 out of 752 stocks based on the Blank Capital composite score. This places ALK in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing ALK against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full ALK vs S&P 500 (SPY) comparison to assess how ALASKA AIR GROUP, INC. stacks up against the broader market across all factor dimensions.
ALK Next Earnings Date
No upcoming earnings date has been announced for ALASKA AIR GROUP, INC. (ALK) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy ALK? — Investment Thesis Summary
The quantitative profile for ALASKA AIR GROUP, INC. suggests caution. Momentum is weak at 31/100, a headwind for near-term performance. High volatility (stability score 38/100) increases portfolio risk.
In summary, ALASKA AIR GROUP, INC. (ALK) earns a Reduce rating with a composite score of 39.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on ALK stock.
Related Resources for ALK Investors
Explore more research and tools: ALK vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare ALK head-to-head with peers: ALK vs SOBO, ALK vs TEN, ALK vs GLDD.