Alaska Air (ALK) Invested Capital (2009 - 2026)

Alaska Air (ALK) has reported Invested Capital for 18 consecutive years, with $498.0 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Invested Capital fell 4.05% year-over-year to $498.0 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 54.03% YoY), while the FY2025 annual figure was $721.0 million, up 1286.54% from the prior year.
• Invested Capital eased to $498.0 million in Q1 2026 per ALK's latest filing, from $721.0 million in the prior quarter.
• Across five years, Invested Capital topped out at $736.0 million in Q3 2023 and bottomed at $52.0 million in Q4 2024.
• Historically, Invested Capital has averaged $416.9 million across 5 years, with a median of $359.0 million in 2024.
• Annual changes were most pronounced in 2024 — Invested Capital tumbled 82.01% — and 2025, when it surged 1286.54%.
• Alaska Air's Invested Capital stood at $276.0 million in 2022, then climbed by 4.71% to $289.0 million in 2023, then sank by 82.01% to $52.0 million in 2024, then soared by 1286.54% to $721.0 million in 2025, then plunged by 30.93% to $498.0 million in 2026.
• Business Quant data shows ALK's Invested Capital at $498.0 million in Q1 2026, $721.0 million in Q4 2025, and $519.0 million in Q3 2025.