ALGT
Allegiant Travel Company
ALGT offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CAT
Caterpillar Inc.
CAT has the edge over ALGT overall, supported by stronger modeled upside and lower modeled downside.
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.
CAT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
CAT's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
CAT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $380 | -37% |
| Fair | 18x | $461 | -24% |
| Forward | 20x | $605 | — |
| Current | 24x | $605 | — |
| Expensive | 33x | $840 | +39% |
Historical ranges are pointers, not guarantees.
CAT has the edge over ALGT in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
CAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
CAT has the edge over ALGT on the outlook, with more favorable profitability expectations.
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 the edge over CAT on earnings, with more consistent year-over-year improvement.
CAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $30.32 | +19% |
| Q3 2026 | $25.48 | +31% |
| Q2 2026 | $23.23 | +18% |
| Q1 2026 | $20.08 | -2% |
| Q4 2025 | $18.81 | -15% |
| Q3 2025 | $19.46 | -9.7% |
| Q2 2025 | $19.64 | -10% |
| Q1 2025 | $20.50 | -7.4% |
| Q4 2024 | $22.05 | +9.6% |
CAT earned $25.48 per share over the past year, up 31% from 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.
CAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.7B | +17% |
| Q2 2026 | $20.5B | +24% |
| Q1 2026 | $17.4B | +22% |
| Q4 2025 | $19.1B | +18% |
| Q3 2025 | $17.6B | +9.5% |
| Q2 2025 | $16.6B | -0.7% |
| Q1 2025 | $14.2B | -9.8% |
| Q4 2024 | $16.2B | -5% |
CAT's revenue has grown year over year for five quarters in a row: $20.7B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +3.1 points |
| Q2 2026 | 21% | +3.6 points |
| Q1 2026 | 18% | -0.4 points |
| Q4 2025 | 14% | -4.1 points |
| Q3 2025 | 17% | -2.2 points |
| Q2 2025 | 17% | -3.6 points |
| Q1 2025 | 18% | -4.2 points |
| Q4 2024 | 18% | -0.3 points |
CAT has the edge over ALGT on profitability, with a higher operating margin.
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.
CAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.7B | +19% |
| Q2 2026 | $3.8B | +47% |
| Q1 2026 | $1.1B | +97% |
| Q4 2025 | $2.7B | +0.1% |
| Q3 2025 | $3.1B | -1.5% |
| Q2 2025 | $2.6B | -4.2% |
| Q1 2025 | $579M | -63% |
| Q4 2024 | $2.7B | -22% |
CAT has the edge over ALGT on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
CAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -1.6M shares |
| 1 year | -2.1% | -9.9M shares |
| 3 years | -10% | -51.7M shares |
| 5 years | -16% | -86.7M shares |
| Available history | -19% | -107M shares |
CAT has the edge over ALGT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.2B |
| Q2 2026 | $1.5B |
| Q1 2026 | $5B |
| Q4 2025 | $340M |
| Q3 2025 | $362M |
| Q2 2025 | $828M |
| Q1 2025 | $3.7B |
| Q4 2024 | $640M |
CAT spent $8.1B buying back its own shares over the past year, up 47% 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.
CAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | 1.6x | Healthy |
CAT has the edge over ALGT on leverage, with a lower net debt burden relative to earnings.
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).
CAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.7 | Neutral |
| Stochastic | 6.7 | Oversold |
CAT's weekly RSI is 33 (neutral) and its Stochastic is 7 (oversold).
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.
CAT PE vs Industrials Sector
| Metric | CAT | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 24x | 1.3% below |
| PE % | 69 | 58 | 11 pts above |
CAT has the edge over ALGT on valuation relative to its sector.
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 the edge over CAT on trend strength, trading above more of its moving averages.
CAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $709.0 | 15% below |
| 20 week MA | $797.0 | 24% below |
| 50 week MA | $771.3 | 22% below |
| 100 week MA | $586.7 | 3.2% above |
| 200 week MA | $443.1 | 37% above |
CAT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 37% 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 the edge over CAT on returns for 2026, with the stronger performance.
CAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $148.3 | $179.6 | +21% |
| 2021 | $179.6 | $206.2 | +15% |
| 2022 | $206.2 | $239.9 | +16% |
| 2023 | $239.9 | $295.7 | +23% |
| 2024 | $295.7 | $364.9 | +23% |
| 2025 | $364.9 | $583.0 | +60% |
| 2026 YTD | $583.0 | $605.3 | +3.8% |
CAT has finished every year since 2020 higher, and it's up 3.8% so far in 2026.