ALK
Alaska Air Group, Inc.
ALK's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over ALK overall, supported by stronger valuation and stronger fundamentals.
ALK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Weak |
ALK's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
ALK PE Valuation
ALK has no meaningful PE right now: it lost money over the past year.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
ALK Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect ALK's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over ALK on the outlook, with more favorable profitability expectations.
ALK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.55 | -380% |
| Q2 2026 | -$1.61 | -165% |
| Q1 2026 | $0.49 | -82% |
| Q4 2025 | $0.83 | -73% |
| Q3 2025 | $1.27 | -49% |
| Q2 2025 | $2.49 | +43% |
| Q1 2025 | $2.78 | +47% |
| Q4 2024 | $3.08 | +68% |
ALK has swung to a loss: it lost $3.55 per share over the past year, after a profit the year before.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over ALK on earnings quality, reporting a profit while its opponent remains loss making.
ALK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +14% |
| Q2 2026 | $4.1B | +9.7% |
| Q1 2026 | $3.3B | +5.2% |
| Q4 2025 | $3.6B | +2.8% |
| Q3 2025 | $3.8B | +23% |
| Q2 2025 | $3.7B | +28% |
| Q1 2025 | $3.1B | +41% |
| Q4 2024 | $3.5B | +38% |
ALK's revenue has grown year over year for 22 quarters in a row: $4.3B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.9% | -2 points |
| Q2 2026 | -4.1% | -12 points |
| Q1 2026 | -8.4% | -2.2 points |
| Q4 2025 | 2.1% | 0 points |
| Q3 2025 | 3.9% | -7.2 points |
| Q2 2025 | 7.5% | -3.6 points |
| Q1 2025 | -6.3% | +1.2 points |
| Q4 2024 | 2.1% | +0.8 points |
ALK's operating margin was 1.9% last quarter, down 2 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over ALK on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over ALK on profitability, with a higher operating margin.
ALK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $82M | -41% |
| Q2 2026 | $107M | -63% |
| Q1 2026 | $391M | -6.2% |
| Q4 2025 | $95M | -48% |
| Q3 2025 | $138M | -47% |
| Q2 2025 | $290M | -40% |
| Q1 2025 | $417M | +77% |
| Q4 2024 | $183M | +$739M |
ALK still generates free cash flow, though less than at its 2021 peak: $675M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over ALK on cash flow, with more consistent year-over-year improvement.
ALK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +484K shares |
| 1 year | -5% | -5.9M shares |
| 3 years | -14% | -17.6M shares |
| 5 years | -12% | -15.6M shares |
| Available history | -10% | -12.7M shares |
ALK has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $57M |
| Q1 2026 | $193M |
| Q4 2025 | $30M |
| Q3 2025 | $5M |
| Q2 2025 | $430M |
| Q1 2025 | $105M |
| Q4 2024 | $249M |
ALK spent $280M buying back its own shares over the past year, down 65% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
ALK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 9.6x | High |
| Q2 2026 | 8.5x | High |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 4.3x | High |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.2x | Elevated |
ALK's net debt is about 9.6 years of its operating earnings (EBITDA), up from 3.9 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over ALK on leverage, with a lower net debt burden relative to earnings.
ALK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 28.9 | Neutral |
ALK's weekly RSI is 45 (neutral) and its Stochastic is 29 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
ALK PE vs Industrials Sector
| Metric | ALK | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
ALK has no meaningful PE right now: it lost money over the past year.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
ALK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $37.9 | 3.1% above |
| 20 week MA | $42.3 | 7.6% below |
| 50 week MA | $44.7 | 13% below |
| 100 week MA | $49.7 | 21% below |
| 200 week MA | $46.1 | 15% below |
ALK has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 15% below its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has the edge over ALK on trend strength, trading above more of its moving averages.
ALK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $68.3 | $52.3 | -23% |
| 2021 | $52.3 | $53.0 | +1.5% |
| 2022 | $53.0 | $43.3 | -18% |
| 2023 | $43.3 | $39.1 | -9.8% |
| 2024 | $39.1 | $65.8 | +68% |
| 2025 | $65.8 | $51.5 | -22% |
| 2026 YTD | $51.5 | $39.1 | -24% |
ALK has finished lower in four of the last six years. It's down 24% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over ALK on returns for 2026, with the stronger performance.