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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Bunge Global (BG). Click either name above to swap in a different company.
Bunge Global is the larger business by last-quarter revenue ($21.9B vs $3.3B, roughly 6.6× ALASKA AIR GROUP, INC.). Bunge Global runs the higher net margin — 0.3% vs -5.8%, a 6.2% gap on every dollar of revenue. On growth, Bunge Global posted the faster year-over-year revenue change (43.4% vs 5.2%). Over the past eight quarters, Bunge Global's revenue compounded faster (142.0% CAGR vs 6.7%).
Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air. Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.
Bunge Global SA (BUN-ghee) is a global agribusiness and food company, incorporated in Geneva, Switzerland and headquartered in St. Louis, Missouri, United States.
ALK vs BG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $21.9B |
| Net Profit | $-193.0M | $68.0M |
| Gross Margin | — | 3.5% |
| Operating Margin | — | — |
| Net Margin | -5.8% | 0.3% |
| Revenue YoY | 5.2% | 43.4% |
| Net Profit YoY | -16.3% | -66.2% |
| EPS (diluted) | $-1.69 | $0.35 |
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 | $3.3B | $21.9B | ||
| Q4 25 | $3.6B | $4.9B | ||
| Q3 25 | $3.8B | $4.4B | ||
| Q2 25 | $3.7B | $4.0B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.1B | $3.9B | ||
| Q2 24 | $2.9B | $3.7B |
| Q1 26 | $-193.0M | $68.0M | ||
| Q4 25 | $21.0M | $95.0M | ||
| Q3 25 | $73.0M | $166.0M | ||
| Q2 25 | $172.0M | $354.0M | ||
| Q1 25 | $-166.0M | $201.0M | ||
| Q4 24 | $71.0M | $602.0M | ||
| Q3 24 | $236.0M | $221.0M | ||
| Q2 24 | $220.0M | $70.0M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 24.3% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | — | 27.0% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 17.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 1.8% | ||
| Q3 25 | 3.9% | 6.2% | ||
| Q2 25 | 7.5% | 12.3% | ||
| Q1 25 | -6.3% | 7.8% | ||
| Q4 24 | 2.1% | 18.3% | ||
| Q3 24 | 11.1% | 8.3% | ||
| Q2 24 | 11.1% | 2.8% |
| Q1 26 | -5.8% | 0.3% | ||
| Q4 25 | 0.6% | 1.9% | ||
| Q3 25 | 1.9% | 3.8% | ||
| Q2 25 | 4.6% | 8.8% | ||
| Q1 25 | -5.3% | 5.5% | ||
| Q4 24 | 2.0% | 15.0% | ||
| Q3 24 | 7.7% | 5.7% | ||
| Q2 24 | 7.6% | 1.9% |
| Q1 26 | $-1.69 | $0.35 | ||
| Q4 25 | $0.14 | $-0.02 | ||
| Q3 25 | $0.62 | $0.84 | ||
| Q2 25 | $1.42 | $2.61 | ||
| Q1 25 | $-1.35 | $1.48 | ||
| Q4 24 | $0.58 | $4.27 | ||
| Q3 24 | $1.84 | $1.56 | ||
| Q2 24 | $1.71 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $451.0M | $839.0M |
| Total DebtLower is stronger | $5.3B | $13.2B |
| Stockholders' EquityBook value | $3.7B | $17.4B |
| Total Assets | $20.3B | $47.6B |
| Debt / EquityLower = less leverage | 1.43× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $839.0M | ||
| Q4 25 | $627.0M | $2.0B | ||
| Q3 25 | $2.3B | $3.2B | ||
| Q2 25 | $2.1B | $7.1B | ||
| Q1 25 | $2.5B | $3.9B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.5B | $3.0B | ||
| Q2 24 | $2.5B | $1.3B |
| Q1 26 | $5.3B | $13.2B | ||
| Q4 25 | $4.8B | $10.2B | ||
| Q3 25 | $5.0B | $11.1B | ||
| Q2 25 | $4.9B | $7.7B | ||
| Q1 25 | $4.8B | $5.4B | ||
| Q4 24 | $4.5B | $5.4B | ||
| Q3 24 | $4.6B | $5.4B | ||
| Q2 24 | $2.7B | $4.1B |
| Q1 26 | $3.7B | $17.4B | ||
| Q4 25 | $4.1B | $15.9B | ||
| Q3 25 | $4.0B | $15.8B | ||
| Q2 25 | $3.9B | $10.9B | ||
| Q1 25 | $4.1B | $10.6B | ||
| Q4 24 | $4.4B | $9.9B | ||
| Q3 24 | $4.5B | $10.1B | ||
| Q2 24 | $4.2B | $10.0B |
| Q1 26 | $20.3B | $47.6B | ||
| Q4 25 | $20.4B | $44.5B | ||
| Q3 25 | $20.0B | $46.3B | ||
| Q2 25 | $19.9B | $31.2B | ||
| Q1 25 | $19.8B | $26.7B | ||
| Q4 24 | $19.8B | $24.9B | ||
| Q3 24 | $19.6B | $25.3B | ||
| Q2 24 | $15.3B | $24.4B |
| Q1 26 | 1.43× | 0.76× | ||
| Q4 25 | 1.17× | 0.64× | ||
| Q3 25 | 1.24× | 0.71× | ||
| Q2 25 | 1.26× | 0.71× | ||
| Q1 25 | 1.16× | 0.51× | ||
| Q4 24 | 1.04× | 0.54× | ||
| Q3 24 | 1.03× | 0.54× | ||
| Q2 24 | 0.63× | 0.41× |
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 | $229.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 10.2% | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.3B | ||
| Q3 25 | $229.0M | $854.0M | ||
| Q2 25 | $376.0M | $-1.1B | ||
| Q1 25 | $459.0M | $-285.0M | ||
| Q4 24 | $274.0M | $1.1B | ||
| Q3 24 | $318.0M | $1.3B | ||
| Q2 24 | $580.0M | $-1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | $809.0M | ||
| Q3 25 | — | $385.0M | ||
| Q2 25 | — | $-1.5B | ||
| Q1 25 | — | $-595.0M | ||
| Q4 24 | — | $564.0M | ||
| Q3 24 | — | $973.0M | ||
| Q2 24 | — | $-1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.6% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | -36.8% | ||
| Q1 25 | — | -16.2% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | -47.4% |
| Q1 26 | 10.2% | 1.5% | ||
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 10.1% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 14.18× | ||
| Q3 25 | 3.14× | 5.14× | ||
| Q2 25 | 2.19× | -3.03× | ||
| Q1 25 | — | -1.42× | ||
| Q4 24 | 3.86× | 1.75× | ||
| Q3 24 | 1.35× | 6.00× | ||
| Q2 24 | 2.64× | -21.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALK
| Passenger revenue | $2.9B | 88% |
| Loyalty program other revenue | $227.0M | 7% |
| Cargo and other revenue | $153.0M | 5% |
BG
Segment breakdown not available.
