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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and SKYWEST INC (SKYW). Click either name above to swap in a different company.
SKYWEST INC is the larger business by last-quarter revenue ($1.0B vs $595.5M, roughly 1.7× Allegiant Travel CO). SKYWEST INC runs the higher net margin — 10.0% vs 5.4%, a 4.7% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (7.6% vs 6.8%). Over the past eight quarters, SKYWEST INC's revenue compounded faster (8.1% 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.
SkyWest, Inc. is the holding company for SkyWest Airlines, a North American regional airline, as well as an aircraft leasing company. It is headquartered in St. George, Utah, United States.
ALGT vs SKYW — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $1.0B |
| Net Profit | $31.9M | $101.7M |
| Gross Margin | — | — |
| Operating Margin | 11.2% | 12.2% |
| Net Margin | 5.4% | 10.0% |
| Revenue YoY | 7.6% | 6.8% |
| Net Profit YoY | 114.8% | 1.1% |
| EPS (diluted) | $1.82 | $2.50 |
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 | — | $1.0B | ||
| Q4 25 | $595.5M | $1.0B | ||
| Q3 25 | $494.1M | $1.1B | ||
| Q2 25 | $617.9M | $1.0B | ||
| Q1 25 | $616.8M | $948.5M | ||
| Q4 24 | $553.6M | $944.4M | ||
| Q3 24 | $489.0M | $912.8M | ||
| Q2 24 | $594.5M | $867.1M |
| Q1 26 | — | $101.7M | ||
| Q4 25 | $31.9M | $91.2M | ||
| Q3 25 | $-43.6M | $116.4M | ||
| Q2 25 | $-65.2M | $120.3M | ||
| Q1 25 | $32.1M | $100.6M | ||
| Q4 24 | $-216.2M | $97.4M | ||
| Q3 24 | $-36.8M | $89.7M | ||
| Q2 24 | $13.7M | $75.6M |
| Q1 26 | — | 12.2% | ||
| Q4 25 | 11.2% | 13.1% | ||
| Q3 25 | -5.5% | 16.6% | ||
| Q2 25 | -10.9% | 16.4% | ||
| Q1 25 | 10.5% | 14.7% | ||
| Q4 24 | -47.7% | 15.3% | ||
| Q3 24 | -5.4% | 14.4% | ||
| Q2 24 | 5.9% | 13.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | 5.4% | 8.9% | ||
| Q3 25 | -8.8% | 11.1% | ||
| Q2 25 | -10.5% | 11.6% | ||
| Q1 25 | 5.2% | 10.6% | ||
| Q4 24 | -39.1% | 10.3% | ||
| Q3 24 | -7.5% | 9.8% | ||
| Q2 24 | 2.3% | 8.7% |
| Q1 26 | — | $2.50 | ||
| Q4 25 | $1.82 | $2.21 | ||
| Q3 25 | $-2.41 | $2.81 | ||
| Q2 25 | $-3.62 | $2.91 | ||
| Q1 25 | $1.73 | $2.42 | ||
| Q4 24 | $-12.12 | $2.34 | ||
| Q3 24 | $-2.05 | $2.16 | ||
| Q2 24 | $0.75 | $1.82 |
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 | — |
| Total DebtLower is stronger | $1.7B | $1.8B |
| Stockholders' EquityBook value | $1.1B | $2.7B |
| Total Assets | $4.2B | $7.3B |
| Debt / EquityLower = less leverage | 1.60× | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $805.7M | $122.7M | ||
| Q3 25 | $956.7M | $44.5M | ||
| Q2 25 | $842.8M | $48.3M | ||
| Q1 25 | $878.6M | $179.0M | ||
| Q4 24 | $781.1M | $227.4M | ||
| Q3 24 | $759.3M | $177.6M | ||
| Q2 24 | $791.9M | $141.8M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.7B | $2.8B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $1.1B | $2.6B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.3B | $2.2B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $4.2B | $7.4B | ||
| Q3 25 | $4.4B | $7.2B | ||
| Q2 25 | $4.4B | $7.2B | ||
| Q1 25 | $4.5B | $7.1B | ||
| Q4 24 | $4.4B | $7.1B | ||
| Q3 24 | $4.8B | $7.0B | ||
| Q2 24 | $4.9B | $7.0B |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | 0.89× | ||
| Q2 25 | 1.68× | 0.97× | ||
| Q1 25 | 1.57× | 1.03× | ||
| Q4 24 | 1.48× | 1.11× | ||
| Q3 24 | 1.36× | 1.17× | ||
| Q2 24 | 1.30× | 1.25× |
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 | — |
| Free Cash FlowOCF − Capex | $90.4M | — |
| FCF MarginFCF / Revenue | 15.2% | — |
| Capex IntensityCapex / Revenue | 3.7% | — |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $231.5M | ||
| Q3 25 | $-6.1M | $280.8M | ||
| Q2 25 | $92.2M | $257.1M | ||
| Q1 25 | $191.4M | $171.0M | ||
| Q4 24 | $84.4M | $185.9M | ||
| Q3 24 | $17.3M | $183.6M | ||
| Q2 24 | $68.9M | $165.3M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $224.3M | ||
| Q3 25 | $-121.7M | $269.9M | ||
| Q2 25 | $-10.5M | $251.5M | ||
| Q1 25 | $116.9M | $162.6M | ||
| Q4 24 | $24.0M | $162.7M | ||
| Q3 24 | $-28.7M | $172.1M | ||
| Q2 24 | $7.0M | $159.4M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | 21.9% | ||
| Q3 25 | -24.6% | 25.7% | ||
| Q2 25 | -1.7% | 24.3% | ||
| Q1 25 | 19.0% | 17.1% | ||
| Q4 24 | 4.3% | 17.2% | ||
| Q3 24 | -5.9% | 18.9% | ||
| Q2 24 | 1.2% | 18.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 0.7% | ||
| Q3 25 | 23.4% | 1.0% | ||
| Q2 25 | 16.6% | 0.5% | ||
| Q1 25 | 12.1% | 0.9% | ||
| Q4 24 | 10.9% | 2.5% | ||
| Q3 24 | 9.4% | 1.3% | ||
| Q2 24 | 10.4% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 2.54× | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | 5.96× | 1.70× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | 5.03× | 2.19× |
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% |
SKYW
| Flying agreements | $977.9M | 97% |
| Lease, airport services and other | $35.3M | 3% |
