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

PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $732.4M, roughly 1.9× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.8% vs 4.4%, a 1.4% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 4.8%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.

ALGT vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.9× larger
PACS
$1.4B
$732.4M
ALGT
Growing faster (revenue YoY)
PACS
PACS
+13.6% gap
PACS
18.4%
4.8%
ALGT
Higher net margin
ALGT
ALGT
1.4% more per $
ALGT
5.8%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
11.0%
ALGT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALGT
ALGT
PACS
PACS
Revenue
$732.4M
$1.4B
Net Profit
$42.5M
$59.7M
Gross Margin
Operating Margin
11.1%
7.0%
Net Margin
5.8%
4.4%
Revenue YoY
4.8%
18.4%
Net Profit YoY
32.4%
3022.5%
EPS (diluted)
$2.30
$0.42

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
PACS
PACS
Q1 26
$732.4M
Q4 25
$595.5M
$1.4B
Q3 25
$494.1M
$1.3B
Q2 25
$617.9M
$1.3B
Q1 25
$616.8M
$1.3B
Q4 24
$553.6M
$1.1B
Q3 24
$489.0M
$1.0B
Q2 24
$594.5M
$981.4M
Net Profit
ALGT
ALGT
PACS
PACS
Q1 26
$42.5M
Q4 25
$31.9M
$59.7M
Q3 25
$-43.6M
$52.4M
Q2 25
$-65.2M
$51.0M
Q1 25
$32.1M
$28.5M
Q4 24
$-216.2M
$1.9M
Q3 24
$-36.8M
$15.6M
Q2 24
$13.7M
$-10.9M
Gross Margin
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
17.1%
Q2 24
22.3%
Operating Margin
ALGT
ALGT
PACS
PACS
Q1 26
11.1%
Q4 25
11.2%
7.0%
Q3 25
-5.5%
6.4%
Q2 25
-10.9%
6.2%
Q1 25
10.5%
3.8%
Q4 24
-47.7%
1.7%
Q3 24
-5.4%
2.2%
Q2 24
5.9%
0.1%
Net Margin
ALGT
ALGT
PACS
PACS
Q1 26
5.8%
Q4 25
5.4%
4.4%
Q3 25
-8.8%
3.9%
Q2 25
-10.5%
3.9%
Q1 25
5.2%
2.2%
Q4 24
-39.1%
0.2%
Q3 24
-7.5%
1.5%
Q2 24
2.3%
-1.1%
EPS (diluted)
ALGT
ALGT
PACS
PACS
Q1 26
$2.30
Q4 25
$1.82
$0.42
Q3 25
$-2.41
$0.32
Q2 25
$-3.62
$0.31
Q1 25
$1.73
$0.17
Q4 24
$-12.12
$-0.03
Q3 24
$-2.05
$0.10
Q2 24
$0.75
$-0.07

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$902.1M
$197.0M
Total DebtLower is stronger
$353.2M
Stockholders' EquityBook value
$946.8M
Total Assets
$5.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
PACS
PACS
Q1 26
$902.1M
Q4 25
$805.7M
$197.0M
Q3 25
$956.7M
$355.7M
Q2 25
$842.8M
$294.2M
Q1 25
$878.6M
$287.5M
Q4 24
$781.1M
$157.7M
Q3 24
$759.3M
$49.5M
Q2 24
$791.9M
$73.4M
Total Debt
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
$1.7B
$353.2M
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.6B
$411.9M
Q3 24
$1.8B
Q2 24
$1.7B
Stockholders' Equity
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
$1.1B
$946.8M
Q3 25
$1.0B
$871.3M
Q2 25
$1.1B
$806.8M
Q1 25
$1.1B
$750.2M
Q4 24
$1.1B
$709.6M
Q3 24
$1.3B
$660.0M
Q2 24
$1.3B
$572.1M
Total Assets
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
$4.2B
$5.6B
Q3 25
$4.4B
$5.6B
Q2 25
$4.4B
$5.5B
Q1 25
$4.5B
$5.5B
Q4 24
$4.4B
$5.2B
Q3 24
$4.8B
$4.5B
Q2 24
$4.9B
$3.9B
Debt / Equity
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
1.60×
0.37×
Q3 25
1.76×
Q2 25
1.68×
Q1 25
1.57×
Q4 24
1.48×
0.58×
Q3 24
1.36×
Q2 24
1.30×

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
PACS
PACS
Operating Cash FlowLast quarter
$-3.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
$112.2M
$-3.4M
Q3 25
$-6.1M
$204.8M
Q2 25
$92.2M
$52.6M
Q1 25
$191.4M
$150.2M
Q4 24
$84.4M
$64.6M
Q3 24
$17.3M
$209.2M
Q2 24
$68.9M
$34.8M
Free Cash Flow
ALGT
ALGT
PACS
PACS
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
FCF Margin
ALGT
ALGT
PACS
PACS
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%
Capex Intensity
ALGT
ALGT
PACS
PACS
Q1 26
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%
Cash Conversion
ALGT
ALGT
PACS
PACS
Q1 26
Q4 25
3.51×
-0.06×
Q3 25
3.91×
Q2 25
1.03×
Q1 25
5.96×
5.28×
Q4 24
33.78×
Q3 24
13.39×
Q2 24
5.03×

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%

PACS
PACS

Segment breakdown not available.

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