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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $732.4M, roughly 1.4× Allegiant Travel CO). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 5.8%, a 12.8% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs 4.8%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% 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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

ALGT vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
1.4× larger
WAL
$1.0B
$732.4M
ALGT
Growing faster (revenue YoY)
WAL
WAL
+26.2% gap
WAL
31.0%
4.8%
ALGT
Higher net margin
WAL
WAL
12.8% more per $
WAL
18.6%
5.8%
ALGT
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
11.0%
ALGT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ALGT
ALGT
WAL
WAL
Revenue
$732.4M
$1.0B
Net Profit
$42.5M
$189.2M
Gross Margin
Operating Margin
11.1%
Net Margin
5.8%
18.6%
Revenue YoY
4.8%
31.0%
Net Profit YoY
32.4%
-5.0%
EPS (diluted)
$2.30
$1.65

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
WAL
WAL
Q1 26
$732.4M
$1.0B
Q4 25
$595.5M
$980.9M
Q3 25
$494.1M
$938.2M
Q2 25
$617.9M
$845.9M
Q1 25
$616.8M
$778.0M
Q4 24
$553.6M
$838.4M
Q3 24
$489.0M
$823.1M
Q2 24
$594.5M
$771.8M
Net Profit
ALGT
ALGT
WAL
WAL
Q1 26
$42.5M
$189.2M
Q4 25
$31.9M
$286.1M
Q3 25
$-43.6M
$253.4M
Q2 25
$-65.2M
$230.4M
Q1 25
$32.1M
$199.1M
Q4 24
$-216.2M
$216.9M
Q3 24
$-36.8M
$199.8M
Q2 24
$13.7M
$193.6M
Operating Margin
ALGT
ALGT
WAL
WAL
Q1 26
11.1%
Q4 25
11.2%
36.3%
Q3 25
-5.5%
33.4%
Q2 25
-10.9%
34.4%
Q1 25
10.5%
31.7%
Q4 24
-47.7%
30.9%
Q3 24
-5.4%
30.6%
Q2 24
5.9%
32.1%
Net Margin
ALGT
ALGT
WAL
WAL
Q1 26
5.8%
18.6%
Q4 25
5.4%
29.2%
Q3 25
-8.8%
27.0%
Q2 25
-10.5%
27.2%
Q1 25
5.2%
25.6%
Q4 24
-39.1%
25.9%
Q3 24
-7.5%
24.3%
Q2 24
2.3%
25.1%
EPS (diluted)
ALGT
ALGT
WAL
WAL
Q1 26
$2.30
$1.65
Q4 25
$1.82
$2.59
Q3 25
$-2.41
$2.28
Q2 25
$-3.62
$2.07
Q1 25
$1.73
$1.79
Q4 24
$-12.12
$1.94
Q3 24
$-2.05
$1.80
Q2 24
$0.75
$1.75

Balance Sheet & Financial Strength

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

Metric
ALGT
ALGT
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$902.1M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$7.9B
Total Assets
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGT
ALGT
WAL
WAL
Q1 26
$902.1M
Q4 25
$805.7M
Q3 25
$956.7M
Q2 25
$842.8M
Q1 25
$878.6M
Q4 24
$781.1M
Q3 24
$759.3M
Q2 24
$791.9M
Total Debt
ALGT
ALGT
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.7B
$1.4B
Q3 25
$1.8B
$2.9B
Q2 25
$1.8B
$2.9B
Q1 25
$1.7B
$1.6B
Q4 24
$1.6B
$2.4B
Q3 24
$1.8B
$1.4B
Q2 24
$1.7B
$436.0M
Stockholders' Equity
ALGT
ALGT
WAL
WAL
Q1 26
$7.9B
Q4 25
$1.1B
$7.7B
Q3 25
$1.0B
$7.4B
Q2 25
$1.1B
$7.1B
Q1 25
$1.1B
$6.9B
Q4 24
$1.1B
$6.7B
Q3 24
$1.3B
$6.7B
Q2 24
$1.3B
$6.3B
Total Assets
ALGT
ALGT
WAL
WAL
Q1 26
$98.9B
Q4 25
$4.2B
$92.8B
Q3 25
$4.4B
$91.0B
Q2 25
$4.4B
$86.7B
Q1 25
$4.5B
$83.0B
Q4 24
$4.4B
$80.9B
Q3 24
$4.8B
$80.1B
Q2 24
$4.9B
$80.6B
Debt / Equity
ALGT
ALGT
WAL
WAL
Q1 26
0.54×
Q4 25
1.60×
0.18×
Q3 25
1.76×
0.39×
Q2 25
1.68×
0.41×
Q1 25
1.57×
0.23×
Q4 24
1.48×
0.36×
Q3 24
1.36×
0.21×
Q2 24
1.30×
0.07×

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%

WAL
WAL

Segment breakdown not available.

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