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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Quest Diagnostics (DGX). Click either name above to swap in a different company.
ALASKA AIR GROUP, INC. is the larger business by last-quarter revenue ($3.3B vs $2.9B, roughly 1.1× Quest Diagnostics). Quest Diagnostics runs the higher net margin — 9.7% vs -5.8%, a 15.6% gap on every dollar of revenue. On growth, Quest Diagnostics posted the faster year-over-year revenue change (9.2% vs 5.2%). Over the past eight quarters, Quest Diagnostics's revenue compounded faster (9.9% 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.
Quest Diagnostics Incorporated is an American clinical laboratory. A Fortune 500 company, Quest operates in the United States, Puerto Rico, Mexico, and Brazil. Quest also maintains collaborative agreements with various hospitals and clinics across the globe.
ALK vs DGX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $2.9B |
| Net Profit | $-193.0M | $281.0M |
| Gross Margin | — | — |
| Operating Margin | -8.5% | 15.4% |
| Net Margin | -5.8% | 9.7% |
| Revenue YoY | 5.2% | 9.2% |
| Net Profit YoY | — | 12.0% |
| EPS (diluted) | $-1.69 | $2.24 |
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 | $2.9B | ||
| Q4 25 | $3.6B | $2.8B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.7B | $2.8B | ||
| Q1 25 | $3.1B | $2.7B | ||
| Q4 24 | $3.5B | $2.6B | ||
| Q3 24 | $3.1B | $2.5B | ||
| Q2 24 | $2.9B | $2.4B |
| Q1 26 | $-193.0M | $281.0M | ||
| Q4 25 | $21.0M | $245.0M | ||
| Q3 25 | $73.0M | $245.0M | ||
| Q2 25 | $172.0M | $282.0M | ||
| Q1 25 | $-166.0M | $220.0M | ||
| Q4 24 | $71.0M | $222.0M | ||
| Q3 24 | $236.0M | $226.0M | ||
| Q2 24 | $220.0M | $229.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 32.4% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 32.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 32.6% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | -8.5% | 15.4% | ||
| Q4 25 | 2.1% | 13.8% | ||
| Q3 25 | 3.9% | 13.7% | ||
| Q2 25 | 7.5% | 15.9% | ||
| Q1 25 | -6.3% | 13.0% | ||
| Q4 24 | 2.1% | 13.8% | ||
| Q3 24 | 11.1% | 13.3% | ||
| Q2 24 | 11.1% | 14.8% |
| Q1 26 | -5.8% | 9.7% | ||
| Q4 25 | 0.6% | 8.7% | ||
| Q3 25 | 1.9% | 8.7% | ||
| Q2 25 | 4.6% | 10.2% | ||
| Q1 25 | -5.3% | 8.3% | ||
| Q4 24 | 2.0% | 8.5% | ||
| Q3 24 | 7.7% | 9.1% | ||
| Q2 24 | 7.6% | 9.6% |
| Q1 26 | $-1.69 | $2.24 | ||
| Q4 25 | $0.14 | $2.18 | ||
| Q3 25 | $0.62 | $2.16 | ||
| Q2 25 | $1.42 | $2.47 | ||
| Q1 25 | $-1.35 | $1.94 | ||
| Q4 24 | $0.58 | $1.95 | ||
| Q3 24 | $1.84 | $1.99 | ||
| Q2 24 | $1.71 | $2.03 |
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 | $393.0M |
| Total DebtLower is stronger | $5.3B | $5.7B |
| Stockholders' EquityBook value | $3.7B | $7.7B |
| Total Assets | $20.3B | $16.7B |
| Debt / EquityLower = less leverage | 1.43× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $393.0M | ||
| Q4 25 | $627.0M | $420.0M | ||
| Q3 25 | $2.3B | $432.0M | ||
| Q2 25 | $2.1B | $319.0M | ||
| Q1 25 | $2.5B | $188.0M | ||
| Q4 24 | $2.5B | $549.0M | ||
| Q3 24 | $2.5B | $764.0M | ||
| Q2 24 | $2.5B | $271.0M |
| Q1 26 | $5.3B | $5.7B | ||
| Q4 25 | $4.8B | $5.2B | ||
| Q3 25 | $5.0B | $5.2B | ||
| Q2 25 | $4.9B | $5.2B | ||
| Q1 25 | $4.8B | $5.9B | ||
| Q4 24 | $4.5B | $5.6B | ||
| Q3 24 | $4.6B | $5.6B | ||
| Q2 24 | $2.7B | $3.8B |
| Q1 26 | $3.7B | $7.7B | ||
| Q4 25 | $4.1B | $7.2B | ||
| Q3 25 | $4.0B | $7.3B | ||
| Q2 25 | $3.9B | $7.2B | ||
| Q1 25 | $4.1B | $6.9B | ||
| Q4 24 | $4.4B | $6.8B | ||
| Q3 24 | $4.5B | $6.8B | ||
| Q2 24 | $4.2B | $6.6B |
| Q1 26 | $20.3B | $16.7B | ||
| Q4 25 | $20.4B | $16.2B | ||
| Q3 25 | $20.0B | $16.2B | ||
| Q2 25 | $19.9B | $16.0B | ||
| Q1 25 | $19.8B | $15.8B | ||
| Q4 24 | $19.8B | $16.2B | ||
| Q3 24 | $19.6B | $16.1B | ||
| Q2 24 | $15.3B | $13.9B |
| Q1 26 | 1.43× | 0.74× | ||
| Q4 25 | 1.17× | 0.72× | ||
| Q3 25 | 1.24× | 0.71× | ||
| Q2 25 | 1.26× | 0.72× | ||
| Q1 25 | 1.16× | 0.85× | ||
| Q4 24 | 1.04× | 0.83× | ||
| Q3 24 | 1.03× | 0.83× | ||
| Q2 24 | 0.63× | 0.58× |
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 | $278.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 10.2% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | $278.0M | ||
| Q4 25 | $185.0M | $465.0M | ||
| Q3 25 | $229.0M | $563.0M | ||
| Q2 25 | $376.0M | $544.0M | ||
| Q1 25 | $459.0M | $314.0M | ||
| Q4 24 | $274.0M | $464.0M | ||
| Q3 24 | $318.0M | $356.0M | ||
| Q2 24 | $580.0M | $360.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $307.0M | ||
| Q3 25 | — | $419.0M | ||
| Q2 25 | — | $436.0M | ||
| Q1 25 | — | $197.0M | ||
| Q4 24 | — | $341.0M | ||
| Q3 24 | — | $250.0M | ||
| Q2 24 | — | $268.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 15.8% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 11.2% |
| Q1 26 | 10.2% | 3.9% | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | 0.99× | ||
| Q4 25 | 8.81× | 1.90× | ||
| Q3 25 | 3.14× | 2.30× | ||
| Q2 25 | 2.19× | 1.93× | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | 3.86× | 2.09× | ||
| Q3 24 | 1.35× | 1.58× | ||
| Q2 24 | 2.64× | 1.57× |
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% |
DGX
Segment breakdown not available.
