Alaska Air (ALK) Return on Capital Employed [ROCE] (2010 - 2026)
Alaska Air (ALK) recorded Return on Capital Employed [ROCE] of -1.65% in Q2 2026, down 5.41 percentage points from 3.76% a year earlier and down 3.31 percentage points from the prior quarter.
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Analysis
Alaska Air (ALK) Return on Capital Employed [ROCE] (2010 - 2026) Analysis & Trends
For FY2025, Alaska Air reported Return on Capital Employed [ROCE] of 2.25%, down 2.91 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +21.49 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at 5.16% in FY2024 (+1.20 pp), 3.96% in FY2023 (+3.23 pp), 0.73% in FY2022 (-6.11 pp) and 6.84% in FY2021 (+26.08 pp).
- The Q2 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q2 2021.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined for six consecutive quarters, with an average year-over-year change of -1.41 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 24.47 percentage points in Q4 2021, against a drop of 6.19 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 1.66% (Q1 2026), 2.23% (Q4 2025) and 2.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.79 Bn | 156.31 Bn | - | 15.69% |
| 2 | Csx | 86.21 Bn | 82.43 Bn | - | 12.29% |
| 3 | Canadian Pacific Kansas City | 74.26 Bn | 73.97 Bn | - | 6.84% |
| 4 | United Parcel Service | 70.36 Bn | 47.28 Bn | - | 11.61% |
| 5 | Norfolk Southern | 69.74 Bn | 64.38 Bn | - | 9.67% |
| 6 | Fedex | 67.91 Bn | 33.85 Bn | - | 7.01% |
| 7 | Delta Air Lines | 55.33 Bn | 37.51 Bn | - | 10.65% |
| 8 | Old Dominion Freight Line | 36.95 Bn | 36.21 Bn | - | 28.03% |
| 9 | United Airlines Holdings | 36.28 Bn | -20.09 Bn | - | 8.86% |
| 10 | Alaska Air | 4.41 Bn | -3.41 Bn | - | -1.65% |
Historic Data
Download Data
Historic 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 | 4.22% |
| Sep 30, 2024 | 4.72% |
| 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% |
API Access
Alaska Air Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ALK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();