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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and CASEYS GENERAL STORES INC (CASY). Click either name above to swap in a different company.
CASEYS GENERAL STORES INC is the larger business by last-quarter revenue ($4.5B vs $3.3B, roughly 1.4× ALASKA AIR GROUP, INC.). CASEYS GENERAL STORES INC runs the higher net margin — 4.6% vs -5.8%, a 10.4% gap on every dollar of revenue. On growth, CASEYS GENERAL STORES INC posted the faster year-over-year revenue change (14.2% vs 5.2%). Over the past eight quarters, CASEYS GENERAL STORES INC's revenue compounded faster (16.3% 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.
Casey's Retail Company is a chain of convenience stores in the Midwestern and Southern United States. The company is headquartered in Ankeny, Iowa, a suburb of Des Moines. As of October 1, 2023, Casey's had 2,500 stores in 16 states. Following 7-Eleven's purchase of Speedway, Casey's is the third-largest convenience store chain in the United States and the largest that is wholly American-owned. It is one of two Iowa-based Fortune 500 companies. Casey's is famous for their pizza, including a b...
ALK vs CASY — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $4.5B |
| Net Profit | $-193.0M | $206.3M |
| Gross Margin | — | — |
| Operating Margin | -8.5% | 6.1% |
| Net Margin | -5.8% | 4.6% |
| Revenue YoY | 5.2% | 14.2% |
| Net Profit YoY | — | 14.0% |
| EPS (diluted) | $-1.69 | $5.53 |
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 | — | ||
| Q4 25 | $3.6B | $4.5B | ||
| Q3 25 | $3.8B | $4.6B | ||
| Q2 25 | $3.7B | $4.0B | ||
| Q1 25 | $3.1B | $3.9B | ||
| Q4 24 | $3.5B | $3.9B | ||
| Q3 24 | $3.1B | $4.1B | ||
| Q2 24 | $2.9B | $3.6B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $206.3M | ||
| Q3 25 | $73.0M | $215.4M | ||
| Q2 25 | $172.0M | $98.3M | ||
| Q1 25 | $-166.0M | $87.1M | ||
| Q4 24 | $71.0M | $180.9M | ||
| Q3 24 | $236.0M | $180.2M | ||
| Q2 24 | $220.0M | $87.0M |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 6.1% | ||
| Q3 25 | 3.9% | 6.1% | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | -6.3% | 2.8% | ||
| Q4 24 | 2.1% | 6.1% | ||
| Q3 24 | 11.1% | 5.8% | ||
| Q2 24 | 11.1% | — |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 4.6% | ||
| Q3 25 | 1.9% | 4.7% | ||
| Q2 25 | 4.6% | 2.5% | ||
| Q1 25 | -5.3% | 2.2% | ||
| Q4 24 | 2.0% | 4.6% | ||
| Q3 24 | 7.7% | 4.4% | ||
| Q2 24 | 7.6% | 2.4% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $5.53 | ||
| Q3 25 | $0.62 | $5.77 | ||
| Q2 25 | $1.42 | $2.63 | ||
| Q1 25 | $-1.35 | $2.33 | ||
| Q4 24 | $0.58 | $4.85 | ||
| Q3 24 | $1.84 | $4.83 | ||
| Q2 24 | $1.71 | $2.34 |
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 | $492.0M |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $3.7B | $3.8B |
| Total Assets | $20.3B | $8.6B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $492.0M | ||
| Q3 25 | $2.3B | $458.1M | ||
| Q2 25 | $2.1B | $326.7M | ||
| Q1 25 | $2.5B | $394.8M | ||
| Q4 24 | $2.5B | $351.7M | ||
| Q3 24 | $2.5B | $305.0M | ||
| Q2 24 | $2.5B | $206.5M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | $2.4B | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.7B | $1.6B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $3.8B | ||
| Q3 25 | $4.0B | $3.6B | ||
| Q2 25 | $3.9B | $3.5B | ||
| Q1 25 | $4.1B | $3.4B | ||
| Q4 24 | $4.4B | $3.3B | ||
| Q3 24 | $4.5B | $3.2B | ||
| Q2 24 | $4.2B | $3.0B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $8.6B | ||
| Q3 25 | $20.0B | $8.4B | ||
| Q2 25 | $19.9B | $8.2B | ||
| Q1 25 | $19.8B | $8.2B | ||
| Q4 24 | $19.8B | $7.7B | ||
| Q3 24 | $19.6B | $6.5B | ||
| Q2 24 | $15.3B | $6.3B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.26× | 0.69× | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.63× | 0.52× |
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 | $347.1M |
| Free Cash FlowOCF − Capex | — | $176.0M |
| FCF MarginFCF / Revenue | — | 3.9% |
| Capex IntensityCapex / Revenue | 10.2% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $682.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $347.1M | ||
| Q3 25 | $229.0M | $372.4M | ||
| Q2 25 | $376.0M | $333.9M | ||
| Q1 25 | $459.0M | $204.9M | ||
| Q4 24 | $274.0M | $270.7M | ||
| Q3 24 | $318.0M | $281.4M | ||
| Q2 24 | $580.0M | $288.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $176.0M | ||
| Q3 25 | — | $262.4M | ||
| Q2 25 | — | $153.1M | ||
| Q1 25 | — | $90.7M | ||
| Q4 24 | — | $160.0M | ||
| Q3 24 | — | $180.8M | ||
| Q2 24 | — | $92.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 2.6% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.68× | ||
| Q3 25 | 3.14× | 1.73× | ||
| Q2 25 | 2.19× | 3.40× | ||
| Q1 25 | — | 2.35× | ||
| Q4 24 | 3.86× | 1.50× | ||
| Q3 24 | 1.35× | 1.56× | ||
| Q2 24 | 2.64× | 3.31× |
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% |
CASY
Segment breakdown not available.
