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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and ESAB Corp (ESAB). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($732.4M vs $727.8M, roughly 1.0× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs 5.8%, a 1.7% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 2.8%).
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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
ALGT vs ESAB — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $727.8M |
| Net Profit | $42.5M | $54.8M |
| Gross Margin | — | 37.0% |
| Operating Margin | 11.1% | 14.6% |
| Net Margin | 5.8% | 7.5% |
| Revenue YoY | 4.8% | 8.5% |
| Net Profit YoY | 32.4% | 2.1% |
| EPS (diluted) | $2.30 | $0.90 |
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 | — | ||
| Q4 25 | $595.5M | $727.8M | ||
| Q3 25 | $494.1M | $715.6M | ||
| Q2 25 | $617.9M | $678.1M | ||
| Q1 25 | $616.8M | — | ||
| Q4 24 | $553.6M | $670.8M | ||
| Q3 24 | $489.0M | $673.3M | ||
| Q2 24 | $594.5M | $707.1M |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $54.8M | ||
| Q3 25 | $-43.6M | $66.9M | ||
| Q2 25 | $-65.2M | $67.4M | ||
| Q1 25 | $32.1M | — | ||
| Q4 24 | $-216.2M | $53.7M | ||
| Q3 24 | $-36.8M | $68.2M | ||
| Q2 24 | $13.7M | $82.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.0% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 38.2% |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | 14.6% | ||
| Q3 25 | -5.5% | 15.2% | ||
| Q2 25 | -10.9% | 16.2% | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | -47.7% | 16.6% | ||
| Q3 24 | -5.4% | 15.7% | ||
| Q2 24 | 5.9% | 16.9% |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | 7.5% | ||
| Q3 25 | -8.8% | 9.3% | ||
| Q2 25 | -10.5% | 9.9% | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | -39.1% | 8.0% | ||
| Q3 24 | -7.5% | 10.1% | ||
| Q2 24 | 2.3% | 11.7% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $0.90 | ||
| Q3 25 | $-2.41 | $1.09 | ||
| Q2 25 | $-3.62 | $1.10 | ||
| Q1 25 | $1.73 | — | ||
| Q4 24 | $-12.12 | $0.87 | ||
| Q3 24 | $-2.05 | $1.11 | ||
| Q2 24 | $0.75 | $1.35 |
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 | $218.2M |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | — | $4.9B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | $218.2M | ||
| Q3 25 | $956.7M | $258.2M | ||
| Q2 25 | $842.8M | $291.3M | ||
| Q1 25 | $878.6M | — | ||
| Q4 24 | $781.1M | $249.4M | ||
| Q3 24 | $759.3M | $253.7M | ||
| Q2 24 | $791.9M | $228.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $1.0B | $2.1B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $4.9B | ||
| Q3 25 | $4.4B | $4.4B | ||
| Q2 25 | $4.4B | $4.2B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.4B | $4.0B | ||
| Q3 24 | $4.8B | $4.1B | ||
| Q2 24 | $4.9B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 0.63× | ||
| Q3 25 | 1.76× | 0.51× | ||
| Q2 25 | 1.68× | 0.55× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | 0.60× | ||
| Q3 24 | 1.36× | 0.59× | ||
| Q2 24 | 1.30× | 0.63× |
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 | — | $81.5M |
| Free Cash FlowOCF − Capex | — | $70.3M |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.49× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $81.5M | ||
| Q3 25 | $-6.1M | $46.6M | ||
| Q2 25 | $92.2M | $35.4M | ||
| Q1 25 | $191.4M | — | ||
| Q4 24 | $84.4M | $126.9M | ||
| Q3 24 | $17.3M | $101.0M | ||
| Q2 24 | $68.9M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $70.3M | ||
| Q3 25 | $-121.7M | $37.4M | ||
| Q2 25 | $-10.5M | $28.1M | ||
| Q1 25 | $116.9M | — | ||
| Q4 24 | $24.0M | $102.2M | ||
| Q3 24 | $-28.7M | $90.4M | ||
| Q2 24 | $7.0M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 9.7% | ||
| Q3 25 | -24.6% | 5.2% | ||
| Q2 25 | -1.7% | 4.1% | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 4.3% | 15.2% | ||
| Q3 24 | -5.9% | 13.4% | ||
| Q2 24 | 1.2% | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 1.5% | ||
| Q3 25 | 23.4% | 1.3% | ||
| Q2 25 | 16.6% | 1.1% | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 10.9% | 3.7% | ||
| Q3 24 | 9.4% | 1.6% | ||
| Q2 24 | 10.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 1.49× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | — | 1.48× | ||
| Q2 24 | 5.03× | 1.00× |
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% |
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
