Alaska Air (ALK) Invested Capital (2009 - 2026)
Alaska Air (ALK) reported Invested Capital of $8.8 billion for Q1 2026, down 1.52% year-over-year from $8.9 billion in Q1 2025, and down 6.55% quarter-over-quarter from $9.4 billion in Q4 2025.
Alaska Air (ALK) Invested Capital (2009 - 2026) Analysis & Trends
Alaska Air (ALK) has 18 years of Invested Capital data on file, last reported at $8.8 billion in Q1 2026.
- Invested Capital for Q1 2026 came in at $8.8 billion, down 1.52% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.8 billion (down 1.52% YoY), and the FY2025 annual result was $9.4 billion, up 1.31% from the prior year.
- Invested Capital slipped to $8.8 billion in Q1 2026 per ALK's latest filing, from $9.4 billion in the prior quarter.
- Over five years, Invested Capital peaked at $9.4 billion in Q4 2025 and troughed at $5.8 billion in Q1 2023.
- A 5-year average of $7.4 billion and a median of $6.6 billion in 2023 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2024: Invested Capital slipped 6.81% in 2022, then jumped 41.33% in 2024.
- A 5-year view of Invested Capital shows it stood at $6.0 billion in 2022, then rose by 10.19% to $6.6 billion in 2023, then surged by 41.33% to $9.3 billion in 2024, then advanced by 1.31% to $9.4 billion in 2025, then decreased by 6.55% to $8.8 billion in 2026.
- Business Quant data shows ALK's Invested Capital at $8.8 billion in Q1 2026, $9.4 billion in Q4 2025, and $9.0 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 13.23 Bn |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 33.61 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | - |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 7.38 Bn |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 4.76 Bn |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 8.81 Bn |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 3.33 Bn |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 394.00 Mn |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | 10.25 Bn |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 2.89 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.81 Bn |
| Dec 31, 2025 | 9.43 Bn |
| Sep 30, 2025 | 9.04 Bn |
| Jun 30, 2025 | 8.89 Bn |
| Mar 31, 2025 | 8.95 Bn |
| Dec 31, 2024 | 9.31 Bn |
| Sep 30, 2024 | 9.10 Bn |
| Jun 30, 2024 | 6.90 Bn |
| Mar 31, 2024 | 6.54 Bn |
| Dec 31, 2023 | 6.58 Bn |
| Sep 30, 2023 | 6.51 Bn |
| Jun 30, 2023 | 6.10 Bn |
| Mar 31, 2023 | 5.75 Bn |
| Dec 31, 2022 | 5.98 Bn |
| Sep 30, 2022 | 6.04 Bn |
| Jun 30, 2022 | 6.10 Bn |
| Mar 31, 2022 | 6.01 Bn |
| Dec 31, 2021 | 6.34 Bn |
| Sep 30, 2021 | 6.18 Bn |
| Jun 30, 2021 | 6.51 Bn |