KPIs & Operating Metrics(New)
Growth Metrics

Alaska Air (ALK) Return on Capital Employed (2010 - 2026)

Alaska Air (ALK) reported Return on Capital Employed of 1.66% for Q1 2026, up 55.0% year-over-year from 1.07% in Q1 2025, and down 25.28% on a QoQ basis from 2.23% in Q4 2025.

Alaska Air (ALK) has 17 years of Return on Capital Employed data on file, last reported at 1.66% in Q1 2026.

  • Quarterly Return on Capital Employed rose 55.0% year-over-year to 1.66% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.66% (up 55.0% YoY) and the FY2025 annual result came in at 2.25%, down 291.0% from the prior year.
  • Return on Capital Employed eased 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 6.77% in Q1 2022 and bottomed at 0.71% in Q4 2022.
  • The 5-year median for Return on Capital Employed is 2.23% (2025), against an average of 2.42%.
  • Peak annual rise in Return on Capital Employed reached 2397 bps in 2022, while the deepest fall reached 619 bps in 2022.
  • Tracing ALK's Return on Capital Employed over 5 years: stood at 0.71% in 2022, then jumped by 432 bps to 3.78% in 2023, then sank by 65 bps to 1.31% in 2024, then surged by 70 bps to 2.23% in 2025, then declined by 25 bps to 1.66% in 2026.
  • Per Business Quant, the three latest ALK Return on Capital Employed figures stand at 1.66% (Q1 2026), 2.23% (Q4 2025), and 2.26% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Delta Air Lines 53.78 Bn 48.72 Bn 15.19 Bn 11.47%
2 Southwest Airlines 21.39 Bn 18.06 Bn 6.21 Bn 5.87%
3 Grupo Aeromexico, S.A.B. de C.V 18.50 Bn 17.47 Bn -239.00 Mn 7,568,381.22%
4 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.98 Bn - 3.51%
5 Alaska Air 5.26 Bn 3.49 Bn 3.20 Bn 1.66%
6 Skywest 3.43 Bn 2.80 Bn 924.11 Mn 10.50%
7 Copa Holdings 3.33 Bn 1.99 Bn 713.71 Mn 16.15%
8 Jetblue Airways 2.03 Bn -140.72 Mn 1.87 Bn -3.55%
9 Allegiant Travel 1.67 Bn 765.78 Mn 651.87 Mn 1.70%
10 Frontier Group Holdings 1.39 Bn 618.26 Mn 724.00 Mn -7.91%

Historic Data

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DateValue
Mar 31, 2026 1.66%
Dec 31, 2025 2.23%
Sep 30, 2025 2.26%
Jun 30, 2025 0.77%
Mar 31, 2025 1.12%
Dec 31, 2024 1.31%
Sep 30, 2024 1.21%
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%
Jun 30, 2021 -8.09%
Mar 31, 2021 -17.20%
Dec 31, 2020 -17.57%
Sep 30, 2020 -9.13%
Jun 30, 2020 0.68%
Mar 31, 2020 7.59%
Dec 31, 2019 10.86%
Sep 30, 2019 8.91%
Jun 30, 2019 7.90%
Mar 31, 2019 7.62%
Dec 31, 2018 8.08%
Sep 30, 2018 9.08%
Jun 30, 2018 10.92%
Mar 31, 2018 13.84%
Dec 31, 2017 14.99%
Sep 30, 2017 15.93%
Jun 30, 2017 16.48%
Mar 31, 2017 16.08%
Dec 31, 2016 19.22%
Sep 30, 2016 23.73%
Jun 30, 2016 28.66%
Mar 31, 2016 29.28%
Dec 31, 2015 27.37%
Sep 30, 2015 27.53%
Jun 30, 2015 25.85%
Mar 31, 2015 24.31%
Dec 31, 2014 21.48%
Sep 30, 2014 18.86%
Jun 30, 2014 23.22%
Mar 31, 2014 21.81%
Dec 31, 2013 19.63%
Sep 30, 2013 18.59%
Jun 30, 2013 14.55%
Mar 31, 2013 13.15%
Dec 31, 2012 13.38%
Jun 30, 2012 11.91%
Mar 31, 2012 10.75%
Dec 31, 2011 12.12%
Sep 30, 2011 12.16%
Jun 30, 2011 14.87%
Mar 31, 2011 16.18%
Dec 31, 2010 12.93%
Sep 30, 2010 11.12%