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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and UNITED THERAPEUTICS Corp (UTHR). Click either name above to swap in a different company.

UNITED THERAPEUTICS Corp is the larger business by last-quarter revenue ($790.2M vs $732.4M, roughly 1.1× Allegiant Travel CO). UNITED THERAPEUTICS Corp runs the higher net margin — 46.1% vs 5.8%, a 40.3% gap on every dollar of revenue. On growth, UNITED THERAPEUTICS Corp posted the faster year-over-year revenue change (7.4% vs 4.8%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 8.0%).

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.

United Therapeutics Corporation is an American biotechnology company that develops pharmaceuticals and technologies related to organ transplantation, including xenotransplantation. Many of the company's products are focused towards lung disease and organ manufacturing. United Therapeutics is co-headquartered in Silver Spring, Maryland and Research Triangle Park, North Carolina, with additional facilities in Magog and Bromont, Quebec; Melbourne and Jacksonville, Florida; Blacksburg, Virginia; ...

ALGT vs UTHR — Head-to-Head

Bigger by revenue
UTHR
UTHR
1.1× larger
UTHR
$790.2M
$732.4M
ALGT
Growing faster (revenue YoY)
UTHR
UTHR
+2.6% gap
UTHR
7.4%
4.8%
ALGT
Higher net margin
UTHR
UTHR
40.3% more per $
UTHR
46.1%
5.8%
ALGT
Faster 2-yr revenue CAGR
ALGT
ALGT
Annualised
ALGT
11.0%
8.0%
UTHR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALGT
ALGT
UTHR
UTHR
Revenue
$732.4M
$790.2M
Net Profit
$42.5M
$364.3M
Gross Margin
86.9%
Operating Margin
11.1%
45.1%
Net Margin
5.8%
46.1%
Revenue YoY
4.8%
7.4%
Net Profit YoY
32.4%
20.9%
EPS (diluted)
$2.30
$7.66

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
UTHR
UTHR
Q1 26
$732.4M
Q4 25
$595.5M
$790.2M
Q3 25
$494.1M
$799.5M
Q2 25
$617.9M
$798.6M
Q1 25
$616.8M
$794.4M
Q4 24
$553.6M
$735.9M
Q3 24
$489.0M
$748.9M
Q2 24
$594.5M
$714.9M
Net Profit
ALGT
ALGT
UTHR
UTHR
Q1 26
$42.5M
Q4 25
$31.9M
$364.3M
Q3 25
$-43.6M
$338.7M
Q2 25
$-65.2M
$309.5M
Q1 25
$32.1M
$322.2M
Q4 24
$-216.2M
$301.3M
Q3 24
$-36.8M
$309.1M
Q2 24
$13.7M
$278.1M
Gross Margin
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
86.9%
Q3 25
87.4%
Q2 25
89.0%
Q1 25
88.4%
Q4 24
89.7%
Q3 24
88.9%
Q2 24
89.1%
Operating Margin
ALGT
ALGT
UTHR
UTHR
Q1 26
11.1%
Q4 25
11.2%
45.1%
Q3 25
-5.5%
48.6%
Q2 25
-10.9%
45.6%
Q1 25
10.5%
48.2%
Q4 24
-47.7%
48.6%
Q3 24
-5.4%
45.8%
Q2 24
5.9%
44.7%
Net Margin
ALGT
ALGT
UTHR
UTHR
Q1 26
5.8%
Q4 25
5.4%
46.1%
Q3 25
-8.8%
42.4%
Q2 25
-10.5%
38.8%
Q1 25
5.2%
40.6%
Q4 24
-39.1%
40.9%
Q3 24
-7.5%
41.3%
Q2 24
2.3%
38.9%
EPS (diluted)
ALGT
ALGT
UTHR
UTHR
Q1 26
$2.30
Q4 25
$1.82
$7.66
Q3 25
$-2.41
$7.16
Q2 25
$-3.62
$6.41
Q1 25
$1.73
$6.63
Q4 24
$-12.12
$6.23
Q3 24
$-2.05
$6.39
Q2 24
$0.75
$5.85

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
UTHR
UTHR
Cash + ST InvestmentsLiquidity on hand
$902.1M
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.1B
Total Assets
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
UTHR
UTHR
Q1 26
$902.1M
Q4 25
$805.7M
$2.9B
Q3 25
$956.7M
$2.8B
Q2 25
$842.8M
$3.0B
Q1 25
$878.6M
$3.3B
Q4 24
$781.1M
$3.3B
Q3 24
$759.3M
$3.3B
Q2 24
$791.9M
$3.0B
Total Debt
ALGT
ALGT
UTHR
UTHR
Q1 26
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
Stockholders' Equity
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
$1.1B
$7.1B
Q3 25
$1.0B
$6.6B
Q2 25
$1.1B
$7.2B
Q1 25
$1.1B
$6.8B
Q4 24
$1.1B
$6.4B
Q3 24
$1.3B
$6.1B
Q2 24
$1.3B
$5.7B
Total Assets
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
$4.2B
$7.9B
Q3 25
$4.4B
$7.4B
Q2 25
$4.4B
$7.9B
Q1 25
$4.5B
$7.7B
Q4 24
$4.4B
$7.4B
Q3 24
$4.8B
$7.1B
Q2 24
$4.9B
$6.7B
Debt / Equity
ALGT
ALGT
UTHR
UTHR
Q1 26
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×

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
UTHR
UTHR
Operating Cash FlowLast quarter
$346.2M
Free Cash FlowOCF − Capex
$173.3M
FCF MarginFCF / Revenue
21.9%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
$112.2M
$346.2M
Q3 25
$-6.1M
$562.1M
Q2 25
$92.2M
$191.7M
Q1 25
$191.4M
$461.2M
Q4 24
$84.4M
$341.2M
Q3 24
$17.3M
$377.2M
Q2 24
$68.9M
$232.2M
Free Cash Flow
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
$90.4M
$173.3M
Q3 25
$-121.7M
$351.6M
Q2 25
$-10.5M
$129.5M
Q1 25
$116.9M
$386.3M
Q4 24
$24.0M
$254.5M
Q3 24
$-28.7M
$300.7M
Q2 24
$7.0M
$187.1M
FCF Margin
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
15.2%
21.9%
Q3 25
-24.6%
44.0%
Q2 25
-1.7%
16.2%
Q1 25
19.0%
48.6%
Q4 24
4.3%
34.6%
Q3 24
-5.9%
40.2%
Q2 24
1.2%
26.2%
Capex Intensity
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
3.7%
21.9%
Q3 25
23.4%
26.3%
Q2 25
16.6%
7.8%
Q1 25
12.1%
9.4%
Q4 24
10.9%
11.8%
Q3 24
9.4%
10.2%
Q2 24
10.4%
6.3%
Cash Conversion
ALGT
ALGT
UTHR
UTHR
Q1 26
Q4 25
3.51×
0.95×
Q3 25
1.66×
Q2 25
0.62×
Q1 25
5.96×
1.43×
Q4 24
1.13×
Q3 24
1.22×
Q2 24
5.03×
0.83×

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%

UTHR
UTHR

Tyvaso DPI$338.6M43%
Remodulin$128.0M16%
Nebulized Tyvaso$125.7M16%
Orenitram$121.2M15%
Unituxin$62.3M8%
Adcirca$7.8M1%
Other$6.6M1%

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