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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.

BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $732.4M, roughly 1.0× Allegiant Travel CO). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs 5.8%, a 0.5% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 4.8%). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 11.0%).

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.

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

ALGT vs OWL — Head-to-Head

Bigger by revenue
OWL
OWL
1.0× larger
OWL
$755.6M
$732.4M
ALGT
Growing faster (revenue YoY)
OWL
OWL
+14.9% gap
OWL
19.7%
4.8%
ALGT
Higher net margin
OWL
OWL
0.5% more per $
OWL
6.3%
5.8%
ALGT
Faster 2-yr revenue CAGR
OWL
OWL
Annualised
OWL
21.3%
11.0%
ALGT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALGT
ALGT
OWL
OWL
Revenue
$732.4M
$755.6M
Net Profit
$42.5M
$47.7M
Gross Margin
Operating Margin
11.1%
22.2%
Net Margin
5.8%
6.3%
Revenue YoY
4.8%
19.7%
Net Profit YoY
32.4%
129.8%
EPS (diluted)
$2.30
$0.07

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
OWL
OWL
Q1 26
$732.4M
Q4 25
$595.5M
$755.6M
Q3 25
$494.1M
$728.0M
Q2 25
$617.9M
$703.1M
Q1 25
$616.8M
$683.5M
Q4 24
$553.6M
$631.4M
Q3 24
$489.0M
$600.9M
Q2 24
$594.5M
$549.8M
Net Profit
ALGT
ALGT
OWL
OWL
Q1 26
$42.5M
Q4 25
$31.9M
$47.7M
Q3 25
$-43.6M
$6.3M
Q2 25
$-65.2M
$17.4M
Q1 25
$32.1M
$7.4M
Q4 24
$-216.2M
$20.7M
Q3 24
$-36.8M
$29.8M
Q2 24
$13.7M
$33.9M
Operating Margin
ALGT
ALGT
OWL
OWL
Q1 26
11.1%
Q4 25
11.2%
22.2%
Q3 25
-5.5%
7.6%
Q2 25
-10.9%
12.0%
Q1 25
10.5%
5.9%
Q4 24
-47.7%
11.7%
Q3 24
-5.4%
18.7%
Q2 24
5.9%
28.4%
Net Margin
ALGT
ALGT
OWL
OWL
Q1 26
5.8%
Q4 25
5.4%
6.3%
Q3 25
-8.8%
0.9%
Q2 25
-10.5%
2.5%
Q1 25
5.2%
1.1%
Q4 24
-39.1%
3.3%
Q3 24
-7.5%
5.0%
Q2 24
2.3%
6.2%
EPS (diluted)
ALGT
ALGT
OWL
OWL
Q1 26
$2.30
Q4 25
$1.82
$0.07
Q3 25
$-2.41
$0.01
Q2 25
$-3.62
$0.02
Q1 25
$1.73
$0.00
Q4 24
$-12.12
$0.06
Q3 24
$-2.05
$0.04
Q2 24
$0.75
$0.06

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
OWL
OWL
Cash + ST InvestmentsLiquidity on hand
$902.1M
$194.5M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$2.2B
Total Assets
$12.5B
Debt / EquityLower = less leverage
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
OWL
OWL
Q1 26
$902.1M
Q4 25
$805.7M
$194.5M
Q3 25
$956.7M
$137.3M
Q2 25
$842.8M
$117.6M
Q1 25
$878.6M
$97.6M
Q4 24
$781.1M
$152.1M
Q3 24
$759.3M
$115.9M
Q2 24
$791.9M
$436.8M
Total Debt
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
$1.7B
$3.3B
Q3 25
$1.8B
$3.2B
Q2 25
$1.8B
$3.2B
Q1 25
$1.7B
$3.2B
Q4 24
$1.6B
$2.6B
Q3 24
$1.8B
$2.5B
Q2 24
$1.7B
$2.5B
Stockholders' Equity
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
$1.1B
$2.2B
Q3 25
$1.0B
$2.3B
Q2 25
$1.1B
$2.4B
Q1 25
$1.1B
$2.3B
Q4 24
$1.1B
$2.1B
Q3 24
$1.3B
$2.0B
Q2 24
$1.3B
$1.7B
Total Assets
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
$4.2B
$12.5B
Q3 25
$4.4B
$12.5B
Q2 25
$4.4B
$12.3B
Q1 25
$4.5B
$12.3B
Q4 24
$4.4B
$11.0B
Q3 24
$4.8B
$10.8B
Q2 24
$4.9B
$9.7B
Debt / Equity
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
1.60×
1.51×
Q3 25
1.76×
1.41×
Q2 25
1.68×
1.38×
Q1 25
1.57×
1.37×
Q4 24
1.48×
1.22×
Q3 24
1.36×
1.27×
Q2 24
1.30×
1.41×

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
OWL
OWL
Operating Cash FlowLast quarter
$382.9M
Free Cash FlowOCF − Capex
$359.1M
FCF MarginFCF / Revenue
47.5%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
8.03×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
$112.2M
$382.9M
Q3 25
$-6.1M
$433.1M
Q2 25
$92.2M
$422.5M
Q1 25
$191.4M
$17.6M
Q4 24
$84.4M
$324.0M
Q3 24
$17.3M
$326.0M
Q2 24
$68.9M
$302.3M
Free Cash Flow
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
$90.4M
$359.1M
Q3 25
$-121.7M
$422.5M
Q2 25
$-10.5M
$412.5M
Q1 25
$116.9M
$4.2M
Q4 24
$24.0M
$310.1M
Q3 24
$-28.7M
$314.8M
Q2 24
$7.0M
$269.4M
FCF Margin
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
15.2%
47.5%
Q3 25
-24.6%
58.0%
Q2 25
-1.7%
58.7%
Q1 25
19.0%
0.6%
Q4 24
4.3%
49.1%
Q3 24
-5.9%
52.4%
Q2 24
1.2%
49.0%
Capex Intensity
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
3.7%
3.1%
Q3 25
23.4%
1.5%
Q2 25
16.6%
1.4%
Q1 25
12.1%
2.0%
Q4 24
10.9%
2.2%
Q3 24
9.4%
1.9%
Q2 24
10.4%
6.0%
Cash Conversion
ALGT
ALGT
OWL
OWL
Q1 26
Q4 25
3.51×
8.03×
Q3 25
68.64×
Q2 25
24.25×
Q1 25
5.96×
2.37×
Q4 24
15.62×
Q3 24
10.94×
Q2 24
5.03×
8.91×

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%

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

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