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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and RYAN SPECIALTY HOLDINGS, INC. (RYAN). Click either name above to swap in a different company.
RYAN SPECIALTY HOLDINGS, INC. is the larger business by last-quarter revenue ($795.2M vs $732.4M, roughly 1.1× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.8% vs 5.1%, a 0.7% gap on every dollar of revenue. On growth, RYAN SPECIALTY HOLDINGS, INC. posted the faster year-over-year revenue change (15.2% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 8.1%).
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.
Aon plc is a British-American professional services firm. The company operates two divisions: Risk Capital, which provides brokerage and consulting services for risk management and insurance and reinsurance, and Human Capital, which provides services for health insurance, retirement plans, pension plans, and talent advisory.
ALGT vs RYAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $795.2M |
| Net Profit | $42.5M | $40.6M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | 11.9% |
| Net Margin | 5.8% | 5.1% |
| Revenue YoY | 4.8% | 15.2% |
| Net Profit YoY | 32.4% | 1025.0% |
| EPS (diluted) | $2.30 | $0.13 |
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 | $795.2M | ||
| Q4 25 | $595.5M | $738.0M | ||
| Q3 25 | $494.1M | $739.6M | ||
| Q2 25 | $617.9M | $840.9M | ||
| Q1 25 | $616.8M | $676.1M | ||
| Q4 24 | $553.6M | $649.4M | ||
| Q3 24 | $489.0M | $588.1M | ||
| Q2 24 | $594.5M | $680.2M |
| Q1 26 | $42.5M | $40.6M | ||
| Q4 25 | $31.9M | $8.0M | ||
| Q3 25 | $-43.6M | $31.1M | ||
| Q2 25 | $-65.2M | $52.0M | ||
| Q1 25 | $32.1M | $-27.6M | ||
| Q4 24 | $-216.2M | $13.8M | ||
| Q3 24 | $-36.8M | $17.6M | ||
| Q2 24 | $13.7M | $46.8M |
| Q1 26 | 11.1% | 11.9% | ||
| Q4 25 | 11.2% | 12.4% | ||
| Q3 25 | -5.5% | 15.0% | ||
| Q2 25 | -10.9% | 22.7% | ||
| Q1 25 | 10.5% | 14.8% | ||
| Q4 24 | -47.7% | 16.8% | ||
| Q3 24 | -5.4% | 13.9% | ||
| Q2 24 | 5.9% | 24.2% |
| Q1 26 | 5.8% | 5.1% | ||
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | -8.8% | 4.2% | ||
| Q2 25 | -10.5% | 6.2% | ||
| Q1 25 | 5.2% | -4.1% | ||
| Q4 24 | -39.1% | 2.1% | ||
| Q3 24 | -7.5% | 3.0% | ||
| Q2 24 | 2.3% | 6.9% |
| Q1 26 | $2.30 | $0.13 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $154.7M |
| Total DebtLower is stronger | — | $3.5B |
| Stockholders' EquityBook value | — | $1.2B |
| Total Assets | — | $11.0B |
| Debt / EquityLower = less leverage | — | 2.90× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | $154.7M | ||
| Q4 25 | $805.7M | $158.3M | ||
| Q3 25 | $956.7M | $153.5M | ||
| Q2 25 | $842.8M | $172.6M | ||
| Q1 25 | $878.6M | $203.5M | ||
| Q4 24 | $781.1M | $540.2M | ||
| Q3 24 | $759.3M | $235.2M | ||
| Q2 24 | $791.9M | $1.7B |
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.1B | $648.1M | ||
| Q3 25 | $1.0B | $630.5M | ||
| Q2 25 | $1.1B | $610.1M | ||
| Q1 25 | $1.1B | $542.5M | ||
| Q4 24 | $1.1B | $627.7M | ||
| Q3 24 | $1.3B | $632.8M | ||
| Q2 24 | $1.3B | $605.9M |
| Q1 26 | — | $11.0B | ||
| Q4 25 | $4.2B | $10.6B | ||
| Q3 25 | $4.4B | $9.9B | ||
| Q2 25 | $4.4B | $10.6B | ||
| Q1 25 | $4.5B | $9.9B | ||
| Q4 24 | $4.4B | $9.6B | ||
| Q3 24 | $4.8B | $8.5B | ||
| Q2 24 | $4.9B | $8.3B |
| Q1 26 | — | 2.90× | ||
| Q4 25 | 1.60× | 5.16× | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | 5.22× | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
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% |
RYAN
| Compensation and benefits | $495.2M | 62% |
| Other | $260.4M | 33% |
| Change in contingent consideration | $27.3M | 3% |
| Fiduciary investment income | $12.3M | 2% |
