ALGT
Allegiant Travel Company
ALGT's fundamentals are strong, but it looks expensive: trading at 28x earnings, above its usual 17x. Analysts expect earnings growth, though they disagree widely on how much.
ALGT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Under pressure | |
| Weak |
ALGT's revenue and profitability are currently healthy, but its cash flow and balance sheet are under pressure.
ALGT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $31.52 | -66% |
| Forward | 13x | $92.51 | — |
| Fair | 17x | $57.07 | -38% |
| Current | 28x | $92.51 | — |
| Expensive | 52x | $174 | +88% |
Historical ranges are pointers, not guarantees.
ALGT's PE is in its fair range at 28x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
ALGT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ALGT, but weaker profitability. However, they disagree widely on these estimates.
ALGT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.05 | +110% |
| Q3 2026 | $3.35 | +$19.77 |
| Q2 2026 | $1.50 | +$17.56 |
| Q1 2026 | -$1.91 | +$9.78 |
| Q4 2025 | -$2.48 | +$11.01 |
| Q3 2025 | -$16.42 | -$14.89 |
| Q2 2025 | -$16.06 | -$15.14 |
| Q1 2025 | -$11.69 | -473% |
| Q4 2024 | -$13.49 | -314% |
ALGT has returned to profit: it earned $3.35 per share over the past year, after losing money the year before.
ALGT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $961.6M | +71% |
| Q2 2026 | $943.5M | +37% |
| Q1 2026 | $732.4M | +4.8% |
| Q4 2025 | $656.2M | +4.5% |
| Q3 2025 | $561.9M | 0% |
| Q2 2025 | $689.4M | +3.5% |
| Q1 2025 | $699.1M | +6.5% |
| Q4 2024 | $627.7M | +2.7% |
ALGT's revenue has grown year over year for four quarters in a row: $962M last quarter, up 71% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.1% | +6 points |
| Q2 2026 | 2.2% | +12 points |
| Q1 2026 | 11% | +1.8 points |
| Q4 2025 | 10% | +52 points |
| Q3 2025 | -4.8% | -0.1 points |
| Q2 2025 | -9.8% | -15 points |
| Q1 2025 | 9.3% | +7 points |
| Q4 2024 | -42% | -44 points |
ALGT's operating margin was 1.1% last quarter, up 6 points from the same quarter a year ago.
ALGT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$264.1M | -$128.8M |
| Q2 2026 | -$74.6M | -$28.1M |
| Q1 2026 | $222.6M | +90% |
| Q4 2025 | $90.4M | +276% |
| Q3 2025 | -$135.3M | -$110.9M |
| Q2 2025 | -$46.5M | -280% |
| Q1 2025 | $116.9M | +225% |
| Q4 2024 | $24M | +$91.5M |
ALGT's free cash flow was −$26M over the past year, against −$41M the year before.
ALGT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +18% | +4.1M shares |
| 1 year | +50% | +8.9M shares |
| 3 years | +52% | +9.3M shares |
| 5 years | +52% | +9.2M shares |
| Available history | +68% | +10.9M shares |
ALGT has 27M diluted shares, up 50% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6.6M |
| Q2 2026 | $783,000 |
| Q1 2026 | $55,000 |
| Q4 2025 | $632,000 |
| Q3 2025 | $1.5M |
| Q2 2025 | $350,000 |
| Q1 2025 | $11.1M |
| Q4 2024 | $886,000 |
ALGT spent $8M buying back its own shares over the past year, down 42% from the year before.
ALGT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q2 2026 | 5.9x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.7x | High |
| Q1 2025 | 25.7x | High |
| Q4 2024 | 97.4x | High |
| Q3 2024 | 6.7x | High |
| Q2 2024 | 7.0x | High |
ALGT's net debt is about 5.8 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
ALGT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.6 | Neutral |
| Stochastic | 52.5 | Neutral |
ALGT's weekly RSI is 57 (neutral) and its Stochastic is 53 (neutral).
ALGT PE vs Industrials Sector
| Metric | ALGT | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 24x | 15% above |
| PE % | 63 | 58 | 5 pts above |
ALGT is trading at 28x earnings, a 15% premium to the Industrials sector's median of 24x.
ALGT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.0 | 19% above |
| 20 week MA | $86.4 | 7.1% above |
| 50 week MA | $88.0 | 5.1% above |
| 100 week MA | $76.4 | 21% above |
| 200 week MA | $76.8 | 20% above |
ALGT has climbed back above all five of its weekly moving averages, and it's now 20% above its 200-week average.
ALGT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $177.4 | $179.2 | +1% |
| 2021 | $179.2 | $190.2 | +6.1% |
| 2022 | $190.2 | $65.7 | -65% |
| 2023 | $65.7 | $82.6 | +26% |
| 2024 | $82.6 | $91.1 | +10% |
| 2025 | $91.1 | $84.7 | -7.1% |
| 2026 YTD | $84.7 | $92.5 | +9.3% |
ALGT has finished higher in four of the last six years. It's up 9.3% so far in 2026.