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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Clearway Energy, Inc. (CWEN). Click either name above to swap in a different company.

Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $354.0M, roughly 2.1× Clearway Energy, Inc.). Allegiant Travel CO runs the higher net margin — 5.8% vs -19.2%, a 25.0% gap on every dollar of revenue. On growth, Clearway Energy, Inc. posted the faster year-over-year revenue change (18.8% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs -1.7%).

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.

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail cust...

ALGT vs CWEN — Head-to-Head

Bigger by revenue
ALGT
ALGT
2.1× larger
ALGT
$732.4M
$354.0M
CWEN
Growing faster (revenue YoY)
CWEN
CWEN
+14.0% gap
CWEN
18.8%
4.8%
ALGT
Higher net margin
ALGT
ALGT
25.0% more per $
ALGT
5.8%
-19.2%
CWEN
Faster 2-yr revenue CAGR
ALGT
ALGT
Annualised
ALGT
11.0%
-1.7%
CWEN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALGT
ALGT
CWEN
CWEN
Revenue
$732.4M
$354.0M
Net Profit
$42.5M
$-68.0M
Gross Margin
Operating Margin
11.1%
5.6%
Net Margin
5.8%
-19.2%
Revenue YoY
4.8%
18.8%
Net Profit YoY
32.4%
34.6%
EPS (diluted)
$2.30

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.

Revenue
ALGT
ALGT
CWEN
CWEN
Q1 26
$732.4M
$354.0M
Q4 25
$595.5M
$310.0M
Q3 25
$494.1M
$429.0M
Q2 25
$617.9M
$392.0M
Q1 25
$616.8M
$298.0M
Q4 24
$553.6M
$256.0M
Q3 24
$489.0M
$486.0M
Q2 24
$594.5M
$366.0M
Net Profit
ALGT
ALGT
CWEN
CWEN
Q1 26
$42.5M
$-68.0M
Q4 25
$31.9M
$-104.0M
Q3 25
$-43.6M
$236.0M
Q2 25
$-65.2M
$33.0M
Q1 25
$32.1M
$4.0M
Q4 24
$-216.2M
$3.0M
Q3 24
$-36.8M
$36.0M
Q2 24
$13.7M
$51.0M
Gross Margin
ALGT
ALGT
CWEN
CWEN
Q1 26
Q4 25
51.9%
Q3 25
70.2%
Q2 25
66.6%
Q1 25
59.1%
Q4 24
52.0%
Q3 24
72.2%
Q2 24
68.0%
Operating Margin
ALGT
ALGT
CWEN
CWEN
Q1 26
11.1%
5.6%
Q4 25
11.2%
-11.9%
Q3 25
-5.5%
26.1%
Q2 25
-10.9%
21.7%
Q1 25
10.5%
Q4 24
-47.7%
-14.5%
Q3 24
-5.4%
36.6%
Q2 24
5.9%
23.0%
Net Margin
ALGT
ALGT
CWEN
CWEN
Q1 26
5.8%
-19.2%
Q4 25
5.4%
-33.5%
Q3 25
-8.8%
55.0%
Q2 25
-10.5%
8.4%
Q1 25
5.2%
1.3%
Q4 24
-39.1%
1.2%
Q3 24
-7.5%
7.4%
Q2 24
2.3%
13.9%
EPS (diluted)
ALGT
ALGT
CWEN
CWEN
Q1 26
$2.30
Q4 25
$1.82
Q3 25
$-2.41
Q2 25
$-3.62
Q1 25
$1.73
Q4 24
$-12.12
Q3 24
$-2.05
Q2 24
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALGT
ALGT
CWEN
CWEN
Cash + ST InvestmentsLiquidity on hand
$902.1M
$325.0M
Total DebtLower is stronger
$9.1B
Stockholders' EquityBook value
$5.5B
Total Assets
$16.9B
Debt / EquityLower = less leverage
1.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
CWEN
CWEN
Q1 26
$902.1M
$325.0M
Q4 25
$805.7M
$231.0M
Q3 25
$956.7M
$251.0M
Q2 25
$842.8M
$260.0M
Q1 25
$878.6M
$297.0M
Q4 24
$781.1M
$332.0M
Q3 24
$759.3M
$292.0M
Q2 24
$791.9M
$226.0M
Total Debt
ALGT
ALGT
CWEN
CWEN
Q1 26
$9.1B
Q4 25
$1.7B
$7.9B
Q3 25
$1.8B
$8.1B
Q2 25
$1.8B
$8.3B
Q1 25
$1.7B
$7.2B
Q4 24
$1.6B
$6.8B
Q3 24
$1.8B
$6.7B
Q2 24
$1.7B
$6.8B
Stockholders' Equity
ALGT
ALGT
CWEN
CWEN
Q1 26
$5.5B
Q4 25
$1.1B
$5.8B
Q3 25
$1.0B
$5.7B
Q2 25
$1.1B
$5.5B
Q1 25
$1.1B
$5.4B
Q4 24
$1.1B
$5.6B
Q3 24
$1.3B
$5.6B
Q2 24
$1.3B
$5.7B
Total Assets
ALGT
ALGT
CWEN
CWEN
Q1 26
$16.9B
Q4 25
$4.2B
$16.7B
Q3 25
$4.4B
$16.1B
Q2 25
$4.4B
$16.0B
Q1 25
$4.5B
$14.6B
Q4 24
$4.4B
$14.3B
Q3 24
$4.8B
$14.2B
Q2 24
$4.9B
$14.5B
Debt / Equity
ALGT
ALGT
CWEN
CWEN
Q1 26
1.66×
Q4 25
1.60×
1.36×
Q3 25
1.76×
1.41×
Q2 25
1.68×
1.49×
Q1 25
1.57×
1.33×
Q4 24
1.48×
1.21×
Q3 24
1.36×
1.20×
Q2 24
1.30×
1.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALGT
ALGT
CWEN
CWEN
Operating Cash FlowLast quarter
$401.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
21.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
CWEN
CWEN
Q1 26
$401.0M
Q4 25
$112.2M
$177.0M
Q3 25
$-6.1M
$225.0M
Q2 25
$92.2M
$191.0M
Q1 25
$191.4M
$95.0M
Q4 24
$84.4M
$192.0M
Q3 24
$17.3M
$301.0M
Q2 24
$68.9M
$196.0M
Free Cash Flow
ALGT
ALGT
CWEN
CWEN
Q1 26
Q4 25
$90.4M
$71.0M
Q3 25
$-121.7M
$144.0M
Q2 25
$-10.5M
$115.0M
Q1 25
$116.9M
$39.0M
Q4 24
$24.0M
$142.0M
Q3 24
$-28.7M
$266.0M
Q2 24
$7.0M
$92.0M
FCF Margin
ALGT
ALGT
CWEN
CWEN
Q1 26
Q4 25
15.2%
22.9%
Q3 25
-24.6%
33.6%
Q2 25
-1.7%
29.3%
Q1 25
19.0%
13.1%
Q4 24
4.3%
55.5%
Q3 24
-5.9%
54.7%
Q2 24
1.2%
25.1%
Capex Intensity
ALGT
ALGT
CWEN
CWEN
Q1 26
21.2%
Q4 25
3.7%
34.2%
Q3 25
23.4%
18.9%
Q2 25
16.6%
19.4%
Q1 25
12.1%
18.8%
Q4 24
10.9%
19.5%
Q3 24
9.4%
7.2%
Q2 24
10.4%
28.4%
Cash Conversion
ALGT
ALGT
CWEN
CWEN
Q1 26
Q4 25
3.51×
Q3 25
0.95×
Q2 25
5.79×
Q1 25
5.96×
23.75×
Q4 24
64.00×
Q3 24
8.36×
Q2 24
5.03×
3.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALGT
ALGT

Passenger$671.8M92%
Third party products$42.3M6%
Fixed fee contracts$18.1M2%
Resort and other$175.0K0%

CWEN
CWEN

Segment breakdown not available.

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