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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Alexandria Real Estate Equities (ARE). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $671.0M, roughly 1.1× Alexandria Real Estate Equities). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs 5.8%, a 53.6% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (4.8% vs -11.5%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs -6.4%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
ALGT vs ARE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $671.0M |
| Net Profit | $42.5M | $398.4M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | — |
| Net Margin | 5.8% | 59.4% |
| Revenue YoY | 4.8% | -11.5% |
| Net Profit YoY | 32.4% | 740.6% |
| EPS (diluted) | $2.30 | $2.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | $671.0M | ||
| Q4 25 | $595.5M | $754.4M | ||
| Q3 25 | $494.1M | $751.9M | ||
| Q2 25 | $617.9M | $762.0M | ||
| Q1 25 | $616.8M | $758.2M | ||
| Q4 24 | $553.6M | $788.9M | ||
| Q3 24 | $489.0M | $791.6M | ||
| Q2 24 | $594.5M | $766.7M |
| Q1 26 | $42.5M | $398.4M | ||
| Q4 25 | $31.9M | $-1.1B | ||
| Q3 25 | $-43.6M | $-232.8M | ||
| Q2 25 | $-65.2M | $-107.0M | ||
| Q1 25 | $32.1M | $-8.9M | ||
| Q4 24 | $-216.2M | $-62.2M | ||
| Q3 24 | $-36.8M | $167.9M | ||
| Q2 24 | $13.7M | $46.7M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | -5.5% | — | ||
| Q2 25 | -10.9% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | -47.7% | — | ||
| Q3 24 | -5.4% | — | ||
| Q2 24 | 5.9% | — |
| Q1 26 | 5.8% | 59.4% | ||
| Q4 25 | 5.4% | -143.3% | ||
| Q3 25 | -8.8% | -31.0% | ||
| Q2 25 | -10.5% | -14.0% | ||
| Q1 25 | 5.2% | -1.2% | ||
| Q4 24 | -39.1% | -7.9% | ||
| Q3 24 | -7.5% | 21.2% | ||
| Q2 24 | 2.3% | 6.1% |
| Q1 26 | $2.30 | $2.10 | ||
| Q4 25 | $1.82 | $-6.35 | ||
| Q3 25 | $-2.41 | $-1.38 | ||
| Q2 25 | $-3.62 | $-0.64 | ||
| Q1 25 | $1.73 | $-0.07 | ||
| Q4 24 | $-12.12 | $-0.38 | ||
| Q3 24 | $-2.05 | $0.96 | ||
| Q2 24 | $0.75 | $0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $418.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $19.4B |
| Total Assets | — | $34.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | $418.7M | ||
| Q4 25 | $805.7M | $549.1M | ||
| Q3 25 | $956.7M | $579.5M | ||
| Q2 25 | $842.8M | $520.5M | ||
| Q1 25 | $878.6M | $476.4M | ||
| Q4 24 | $781.1M | $552.1M | ||
| Q3 24 | $759.3M | $562.6M | ||
| Q2 24 | $791.9M | $561.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $12.4B | ||
| Q3 25 | $1.8B | $13.6B | ||
| Q2 25 | $1.8B | $13.3B | ||
| Q1 25 | $1.7B | $13.1B | ||
| Q4 24 | $1.6B | $12.2B | ||
| Q3 24 | $1.8B | $12.7B | ||
| Q2 24 | $1.7B | $12.4B |
| Q1 26 | — | $19.4B | ||
| Q4 25 | $1.1B | $15.5B | ||
| Q3 25 | $1.0B | $16.6B | ||
| Q2 25 | $1.1B | $17.2B | ||
| Q1 25 | $1.1B | $17.5B | ||
| Q4 24 | $1.1B | $17.9B | ||
| Q3 24 | $1.3B | $18.2B | ||
| Q2 24 | $1.3B | $18.3B |
| Q1 26 | — | $34.2B | ||
| Q4 25 | $4.2B | $34.1B | ||
| Q3 25 | $4.4B | $37.4B | ||
| Q2 25 | $4.4B | $37.6B | ||
| Q1 25 | $4.5B | $37.6B | ||
| Q4 24 | $4.4B | $37.5B | ||
| Q3 24 | $4.8B | $38.5B | ||
| Q2 24 | $4.9B | $37.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 0.80× | ||
| Q3 25 | 1.76× | 0.82× | ||
| Q2 25 | 1.68× | 0.77× | ||
| Q1 25 | 1.57× | 0.75× | ||
| Q4 24 | 1.48× | 0.68× | ||
| Q3 24 | 1.36× | 0.70× | ||
| Q2 24 | 1.30× | 0.68× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $196.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 76.0% |
| Cash ConversionOCF / Net Profit | — | 0.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $196.6M | ||
| Q4 25 | $112.2M | $312.4M | ||
| Q3 25 | $-6.1M | $433.5M | ||
| Q2 25 | $92.2M | $460.2M | ||
| Q1 25 | $191.4M | $207.9M | ||
| Q4 24 | $84.4M | $274.2M | ||
| Q3 24 | $17.3M | $477.4M | ||
| Q2 24 | $68.9M | $411.8M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | — | ||
| Q3 25 | $-121.7M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | $116.9M | — | ||
| Q4 24 | $24.0M | — | ||
| Q3 24 | $-28.7M | — | ||
| Q2 24 | $7.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | -24.6% | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -5.9% | — | ||
| Q2 24 | 1.2% | — |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 23.4% | — | ||
| Q2 25 | 16.6% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 10.4% | — |
| Q1 26 | — | 0.49× | ||
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | 5.03× | 8.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
