Alaska Air (ALK) FCF Margin (2009 - 2026)
Alaska Air's FCF Margin came in at 2.63% for Q2 2026, down 5.20 percentage points from 7.83% a year earlier and down 9.22 percentage points from the prior quarter.
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Analysis
Alaska Air (ALK) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Alaska Air reported FCF Margin of 4.95%, down 3.60 percentage points year-over-year; for FY2025, it came in at 6.60%, down 3.38 percentage points from FY2024.
- FCF Margin carries a five-year change of +19.39 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 9.98% in FY2024 (+2.23 pp), 7.75% in FY2023 (-4.79 pp), 12.54% in FY2022 (+0.59 pp) and 11.95% in FY2021 (+24.74 pp).
- The five-year range for quarterly FCF Margin is -9.93% (Q3 2021) to 30.17% (Q4 2022).
- Year-over-year, FCF Margin has declined for five consecutive quarters, with an average year-over-year change of -1.19 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2021 (a gain of 46.97 percentage points), and the weakest in Q4 2023 (a drop of 35.11 percentage points).
- Business Quant data shows ALK's FCF Margin at 11.85% (Q1 2026), 2.62% (Q4 2025) and 3.66% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 32.09% |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 19.09% |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 0.73% |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 23.25% |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 17.75% |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 7.16% |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 1.49% |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 12.59% |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 1.51% |
| 10 | Alaska Air | 3.86 Bn | -3.96 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.52% |
| Dec 31, 2025 | -28.63% |
| Sep 30, 2025 | 16.12% |
| Jun 30, 2025 | -3.43% |
| Mar 31, 2025 | 7.04% |
| Dec 31, 2024 | -19.44% |
| Sep 30, 2024 | 6.67% |
| Jun 30, 2024 | 14.39% |
| Mar 31, 2024 | 11.11% |
| Dec 31, 2023 | -21.78% |
| Sep 30, 2023 | -3.03% |
| Jun 30, 2023 | 3.52% |
| Mar 31, 2023 | 4.46% |
| Dec 31, 2022 | -28.84% |
| Sep 30, 2022 | -4.99% |
| Jun 30, 2022 | 22.72% |
| Mar 31, 2022 | -0.06% |
| Dec 31, 2021 | 1.42% |
| Sep 30, 2021 | -9.93% |
| Jun 30, 2021 | 50.10% |
API Access
Alaska Air FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();