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% on a QoQ basis from $9.4 billion in Q4 2025.
Alaska Air (ALK) has 18 years of Invested Capital data on file, last reported at $8.8 billion in Q1 2026.
- Quarterly Invested Capital fell 1.52% year-over-year to $8.8 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.8 billion (down 1.52% YoY) and the FY2025 annual result came in at $9.4 billion, up 1.31% from the prior year.
- Invested Capital eased to $8.8 billion in Q1 2026 per ALK's latest filing, from $9.4 billion in the prior quarter.
- Across five years, Invested Capital topped out at $9.4 billion in Q4 2025 and bottomed at $5.8 billion in Q1 2023.
- The 5-year median for Invested Capital is $6.6 billion (2023), against an average of $7.4 billion.
- The widest annual swing landed in 2022, when Invested Capital retreated 6.81%; it then surged 41.33% in 2024.
- Tracing ALK's Invested Capital over 5 years: stood at $6.0 billion in 2022, then grew by 10.19% to $6.6 billion in 2023, then soared by 41.33% to $9.3 billion in 2024, then rose by 1.31% to $9.4 billion in 2025, then fell by 6.55% to $8.8 billion in 2026.
- Per Business Quant, the three latest ALK Invested Capital figures stand at $8.8 billion (Q1 2026), $9.4 billion (Q4 2025), and $9.0 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 33.61 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 7.38 Bn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 3.53 Bn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 394.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 8.81 Bn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 3.33 Bn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 4.76 Bn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 10.25 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 2.89 Bn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 810.00 Mn |
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 |
| Mar 31, 2021 | 6.45 Bn |
| Dec 31, 2020 | 6.48 Bn |
| Sep 30, 2020 | 7.28 Bn |
| Jun 30, 2020 | 6.50 Bn |
| Mar 31, 2020 | 6.28 Bn |
| Dec 31, 2019 | 5.83 Bn |
| Sep 30, 2019 | 5.96 Bn |
| Jun 30, 2019 | 5.80 Bn |
| Mar 31, 2019 | 5.71 Bn |
| Dec 31, 2018 | 5.85 Bn |
| Sep 30, 2018 | 5.82 Bn |
| Jun 30, 2018 | 5.91 Bn |
| Mar 31, 2018 | 5.89 Bn |
| Dec 31, 2017 | 6.03 Bn |
| Sep 30, 2017 | 6.19 Bn |
| Jun 30, 2017 | 6.07 Bn |
| Mar 31, 2017 | 5.88 Bn |
| Dec 31, 2016 | 5.71 Bn |
| Sep 30, 2016 | 5.00 Bn |
| Jun 30, 2016 | 3.25 Bn |
| Mar 31, 2016 | 3.10 Bn |
| Dec 31, 2015 | 3.09 Bn |
| Sep 30, 2015 | 3.08 Bn |
| Jun 30, 2015 | 2.96 Bn |
| Mar 31, 2015 | 2.93 Bn |
| Dec 31, 2014 | 2.93 Bn |
| Sep 30, 2014 | 3.05 Bn |
| Jun 30, 2014 | 3.06 Bn |
| Mar 31, 2014 | 2.93 Bn |
| Dec 31, 2013 | 2.90 Bn |
| Sep 30, 2013 | 2.70 Bn |
| Jun 30, 2013 | 2.47 Bn |
| Mar 31, 2013 | 2.41 Bn |
| Dec 31, 2012 | 2.45 Bn |
| Sep 30, 2012 | 1.07 Bn |
| Jun 30, 2012 | 2.42 Bn |
| Mar 31, 2012 | 2.47 Bn |
| Dec 31, 2011 | 2.48 Bn |
| Sep 30, 2011 | 2.66 Bn |
| Jun 30, 2011 | 2.62 Bn |
| Mar 31, 2011 | 1.34 Bn |
| Dec 31, 2010 | 2.64 Bn |
| Sep 30, 2010 | 1.31 Bn |
| Jun 30, 2010 | 1.09 Bn |
| Dec 31, 2009 | 1.03 Bn |