Alaska Air (ALK) Return on Invested Capital [ROIC] (2010 - 2026)
Alaska Air (ALK) reported Return on Invested Capital [ROIC] of -1.06% for Q2 2026, down 5.27 percentage points from 4.21% a year earlier and down 3.42 percentage points from the prior quarter.
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Analysis
Alaska Air (ALK) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Alaska Air posted Return on Invested Capital [ROIC] of 2.18%, down 3.00 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +22.93 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 5.18% in FY2024 (+0.62 pp), 4.56% in FY2023 (+3.73 pp), 0.83% in FY2022 (-7.28 pp) and 8.12% in FY2021 (+28.87 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since Q2 2021.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last four quarters, with an average year-over-year change of -1.35 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q4 2021 (a gain of 26.88 percentage points); the low point was Q4 2022 (a drop of 7.46 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.36% (Q1 2026), 2.22% (Q4 2025) and 2.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 175.32 Bn | 167.57 Bn | - | 15.71% |
| 2 | United Parcel Service | 94.41 Bn | 71.23 Bn | - | 12.25% |
| 3 | Csx | 92.11 Bn | 87.33 Bn | - | 12.59% |
| 4 | Canadian Pacific Kansas City | 82.90 Bn | 81.93 Bn | - | 5.96% |
| 5 | Fedex | 75.65 Bn | 41.84 Bn | - | 7.49% |
| 6 | Norfolk Southern | 73.02 Bn | 67.48 Bn | - | 9.67% |
| 7 | Delta Air Lines | 59.68 Bn | 41.87 Bn | - | 10.82% |
| 8 | United Airlines Holdings | 38.90 Bn | -18.80 Bn | - | 8.90% |
| 9 | Old Dominion Freight Line | 35.16 Bn | 34.00 Bn | - | 25.01% |
| 10 | Alaska Air | 4.61 Bn | -3.21 Bn | - | -1.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.06% |
| Mar 31, 2026 | 2.36% |
| Dec 31, 2025 | 2.22% |
| Sep 30, 2025 | 2.58% |
| Jun 30, 2025 | 4.21% |
| Mar 31, 2025 | 4.34% |
| Dec 31, 2024 | 4.46% |
| Sep 30, 2024 | 4.51% |
| Jun 30, 2024 | 3.99% |
| Mar 31, 2024 | 4.49% |
| Dec 31, 2023 | 4.23% |
| Sep 30, 2023 | 4.21% |
| Jun 30, 2023 | 2.75% |
| Mar 31, 2023 | 1.01% |
| Dec 31, 2022 | 0.86% |
| Sep 30, 2022 | 1.05% |
| Jun 30, 2022 | 3.83% |
| Mar 31, 2022 | 8.16% |
| Dec 31, 2021 | 8.31% |
| Sep 30, 2021 | 0.00% |
API Access
Alaska Air Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ALK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ALK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();