Alaska Air (ALK) Return on Capital Employed (2010 - 2026)
Alaska Air (ALK) posted quarterly Return on Capital Employed of 1.66% for Q1 2026, down 245.0% year-over-year from 1.15% in Q1 2025, and down 25.28% quarter-over-quarter from 2.23% in Q4 2025.
Alaska Air (ALK) Return on Capital Employed (2010 - 2026) Analysis & Trends
Alaska Air (ALK) has reported Return on Capital Employed for 17 consecutive years, with 1.66% the latest figure, recorded in Q1 2026.
- In Q1 2026, Return on Capital Employed fell 245.0% year-over-year to 1.66%; the TTM figure through Mar 2026 stood at 1.66% (down 245.0% YoY), while the FY2025 annual figure was 2.25%, down 291.0% from the prior year.
- Return on Capital Employed fell to 1.66% in Q1 2026 per ALK's latest filing, from 2.23% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 35.95% in Q3 2024 and bottomed at 0.71% in Q4 2022.
- Historically, Return on Capital Employed has averaged 5.62% across 5 years, with a median of 3.76% in 2025.
- Annual changes were most pronounced in 2024 — Return on Capital Employed surged 3207 bps — and 2025, when it slumped 3368 bps.
- Alaska Air's Return on Capital Employed stood at 0.71% in 2022, then jumped by 432 bps to 3.78% in 2023, then soared by 298 bps to 15.05% in 2024, then sank by 85 bps to 2.23% in 2025, then decreased by 25 bps to 1.66% in 2026.
- Business Quant data shows ALK's Return on Capital Employed at 1.66% in Q1 2026, 2.23% in Q4 2025, and 2.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 10.65% |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 18.29% |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 6.32% |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -1.65% |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 10.54% |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -4.73% |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 3.74% |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -8.34% |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 12.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.65% |
| Mar 31, 2026 | 1.66% |
| Dec 31, 2025 | 2.23% |
| Sep 30, 2025 | 2.26% |
| Jun 30, 2025 | 3.76% |
| Mar 31, 2025 | 4.12% |
| Dec 31, 2024 | 15.05% |
| Sep 30, 2024 | 35.95% |
| Jun 30, 2024 | 3.95% |
| Mar 31, 2024 | 4.19% |
| Dec 31, 2023 | 3.78% |
| Sep 30, 2023 | 3.88% |
| Jun 30, 2023 | 2.51% |
| Mar 31, 2023 | 0.92% |
| Dec 31, 2022 | 0.71% |
| Sep 30, 2022 | 0.86% |
| Jun 30, 2022 | 2.94% |
| Mar 31, 2022 | 6.77% |
| Dec 31, 2021 | 6.90% |
| Sep 30, 2021 | 0.50% |