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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $595.5M, roughly 1.0× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.4% vs -2.0%, a 7.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 7.6%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $90.4M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 1.3%).
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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
ALGT vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $614.5M |
| Net Profit | $31.9M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 11.2% | -8.0% |
| Net Margin | 5.4% | -2.0% |
| Revenue YoY | 7.6% | 33.6% |
| Net Profit YoY | 114.8% | 6.0% |
| EPS (diluted) | $1.82 | $-0.03 |
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.
| Q4 25 | $595.5M | $614.5M | ||
| Q3 25 | $494.1M | $562.0M | ||
| Q2 25 | $617.9M | $512.3M | ||
| Q1 25 | $616.8M | $479.1M | ||
| Q4 24 | $553.6M | $459.9M | ||
| Q3 24 | $489.0M | $430.1M | ||
| Q2 24 | $594.5M | $401.0M | ||
| Q1 24 | $579.9M | $378.6M |
| Q4 25 | $31.9M | $-12.1M | ||
| Q3 25 | $-43.6M | $-1.3M | ||
| Q2 25 | $-65.2M | $-50.4M | ||
| Q1 25 | $32.1M | $-38.5M | ||
| Q4 24 | $-216.2M | $-12.8M | ||
| Q3 24 | $-36.8M | $-15.3M | ||
| Q2 24 | $13.7M | $-15.1M | ||
| Q1 24 | $-919.0K | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 11.2% | -8.0% | ||
| Q3 25 | -5.5% | -6.7% | ||
| Q2 25 | -10.9% | -13.1% | ||
| Q1 25 | 10.5% | -11.1% | ||
| Q4 24 | -47.7% | -7.5% | ||
| Q3 24 | -5.4% | -7.2% | ||
| Q2 24 | 5.9% | -8.7% | ||
| Q1 24 | 2.7% | -14.4% |
| Q4 25 | 5.4% | -2.0% | ||
| Q3 25 | -8.8% | -0.2% | ||
| Q2 25 | -10.5% | -9.8% | ||
| Q1 25 | 5.2% | -8.0% | ||
| Q4 24 | -39.1% | -2.8% | ||
| Q3 24 | -7.5% | -3.6% | ||
| Q2 24 | 2.3% | -3.8% | ||
| Q1 24 | -0.2% | -9.4% |
| Q4 25 | $1.82 | $-0.03 | ||
| Q3 25 | $-2.41 | $0.00 | ||
| Q2 25 | $-3.62 | $-0.15 | ||
| Q1 25 | $1.73 | $-0.11 | ||
| Q4 24 | $-12.12 | $-0.05 | ||
| Q3 24 | $-2.05 | $-0.04 | ||
| Q2 24 | $0.75 | $-0.04 | ||
| Q1 24 | $-0.07 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $943.5M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $4.2B | $6.0B |
| Debt / EquityLower = less leverage | 1.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $805.7M | $943.5M | ||
| Q3 25 | $956.7M | $1.1B | ||
| Q2 25 | $842.8M | $1.5B | ||
| Q1 25 | $878.6M | $204.5M | ||
| Q4 24 | $781.1M | $147.7M | ||
| Q3 24 | $759.3M | $182.9M | ||
| Q2 24 | $791.9M | $157.0M | ||
| Q1 24 | $809.9M | $254.4M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.3B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.0B | ||
| Q3 24 | $1.3B | $973.1M | ||
| Q2 24 | $1.3B | $881.5M | ||
| Q1 24 | $1.3B | $797.2M |
| Q4 25 | $4.2B | $6.0B | ||
| Q3 25 | $4.4B | $5.8B | ||
| Q2 25 | $4.4B | $5.6B | ||
| Q1 25 | $4.5B | $3.7B | ||
| Q4 24 | $4.4B | $3.3B | ||
| Q3 24 | $4.8B | $3.1B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $4.9B | $2.8B |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — | ||
| Q1 24 | 1.35× | — |
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 | $112.2M | $190.4M |
| Free Cash FlowOCF − Capex | $90.4M | $105.2M |
| FCF MarginFCF / Revenue | 15.2% | 17.1% |
| Capex IntensityCapex / Revenue | 3.7% | 13.9% |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $190.4M | ||
| Q3 25 | $-6.1M | $167.1M | ||
| Q2 25 | $92.2M | $99.8M | ||
| Q1 25 | $191.4M | $145.8M | ||
| Q4 24 | $84.4M | $127.3M | ||
| Q3 24 | $17.3M | $104.7M | ||
| Q2 24 | $68.9M | $74.8M | ||
| Q1 24 | $167.8M | $73.6M |
| Q4 25 | $90.4M | $105.2M | ||
| Q3 25 | $-121.7M | $82.5M | ||
| Q2 25 | $-10.5M | $39.9M | ||
| Q1 25 | $116.9M | $59.9M | ||
| Q4 24 | $24.0M | $54.2M | ||
| Q3 24 | $-28.7M | $54.5M | ||
| Q2 24 | $7.0M | $45.2M | ||
| Q1 24 | $35.9M | $41.5M |
| Q4 25 | 15.2% | 17.1% | ||
| Q3 25 | -24.6% | 14.7% | ||
| Q2 25 | -1.7% | 7.8% | ||
| Q1 25 | 19.0% | 12.5% | ||
| Q4 24 | 4.3% | 11.8% | ||
| Q3 24 | -5.9% | 12.7% | ||
| Q2 24 | 1.2% | 11.3% | ||
| Q1 24 | 6.2% | 11.0% |
| Q4 25 | 3.7% | 13.9% | ||
| Q3 25 | 23.4% | 15.1% | ||
| Q2 25 | 16.6% | 11.7% | ||
| Q1 25 | 12.1% | 17.9% | ||
| Q4 24 | 10.9% | 15.9% | ||
| Q3 24 | 9.4% | 11.7% | ||
| Q2 24 | 10.4% | 7.4% | ||
| Q1 24 | 22.7% | 8.5% |
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.03× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
