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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Danaher Corporation (DHR). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $3.3B, roughly 1.8× ALASKA AIR GROUP, INC.). Danaher Corporation runs the higher net margin — 17.3% vs -5.8%, a 23.1% gap on every dollar of revenue. On growth, ALASKA AIR GROUP, INC. posted the faster year-over-year revenue change (5.2% vs 3.7%). Over the past eight quarters, ALASKA AIR GROUP, INC.'s revenue compounded faster (6.7% CAGR vs 1.8%).
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.
Danaher CorporationDHREarnings & Financial Report
Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...
ALK vs DHR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $6.0B |
| Net Profit | $-193.0M | $1.0B |
| Gross Margin | — | 60.3% |
| Operating Margin | — | 22.6% |
| Net Margin | -5.8% | 17.3% |
| Revenue YoY | 5.2% | 3.7% |
| Net Profit YoY | -16.3% | 7.9% |
| EPS (diluted) | $-1.69 | $1.45 |
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 | $6.0B | ||
| Q4 25 | $3.6B | $6.8B | ||
| Q3 25 | $3.8B | $6.1B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.1B | $5.7B | ||
| Q4 24 | $3.5B | $6.5B | ||
| Q3 24 | $3.1B | $5.8B | ||
| Q2 24 | $2.9B | $5.7B |
| Q1 26 | $-193.0M | $1.0B | ||
| Q4 25 | $21.0M | $1.2B | ||
| Q3 25 | $73.0M | $908.0M | ||
| Q2 25 | $172.0M | $555.0M | ||
| Q1 25 | $-166.0M | $954.0M | ||
| Q4 24 | $71.0M | $1.1B | ||
| Q3 24 | $236.0M | $818.0M | ||
| Q2 24 | $220.0M | $907.0M |
| Q1 26 | — | 60.3% | ||
| Q4 25 | — | 58.0% | ||
| Q3 25 | — | 58.2% | ||
| Q2 25 | — | 59.3% | ||
| Q1 25 | — | 61.2% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 58.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | — | 22.6% | ||
| Q4 25 | 2.1% | 22.0% | ||
| Q3 25 | 3.9% | 19.1% | ||
| Q2 25 | 7.5% | 12.8% | ||
| Q1 25 | -6.3% | 22.2% | ||
| Q4 24 | 2.1% | 21.8% | ||
| Q3 24 | 11.1% | 16.5% | ||
| Q2 24 | 11.1% | 20.3% |
| Q1 26 | -5.8% | 17.3% | ||
| Q4 25 | 0.6% | 17.5% | ||
| Q3 25 | 1.9% | 15.0% | ||
| Q2 25 | 4.6% | 9.3% | ||
| Q1 25 | -5.3% | 16.6% | ||
| Q4 24 | 2.0% | 16.6% | ||
| Q3 24 | 7.7% | 14.1% | ||
| Q2 24 | 7.6% | 15.8% |
| Q1 26 | $-1.69 | $1.45 | ||
| Q4 25 | $0.14 | $1.69 | ||
| Q3 25 | $0.62 | $1.27 | ||
| Q2 25 | $1.42 | $0.77 | ||
| Q1 25 | $-1.35 | $1.32 | ||
| Q4 24 | $0.58 | $1.50 | ||
| Q3 24 | $1.84 | $1.12 | ||
| Q2 24 | $1.71 | $1.22 |
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 | — |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $3.7B | — |
| Total Assets | $20.3B | — |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $18.4B | ||
| Q3 25 | $5.0B | $16.9B | ||
| Q2 25 | $4.9B | $17.4B | ||
| Q1 25 | $4.8B | $16.5B | ||
| Q4 24 | $4.5B | $16.0B | ||
| Q3 24 | $4.6B | $17.5B | ||
| Q2 24 | $2.7B | $17.0B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $52.5B | ||
| Q3 25 | $4.0B | $51.1B | ||
| Q2 25 | $3.9B | $52.3B | ||
| Q1 25 | $4.1B | $50.8B | ||
| Q4 24 | $4.4B | $49.5B | ||
| Q3 24 | $4.5B | $51.3B | ||
| Q2 24 | $4.2B | $49.9B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $83.5B | ||
| Q3 25 | $20.0B | $79.9B | ||
| Q2 25 | $19.9B | $81.6B | ||
| Q1 25 | $19.8B | $79.1B | ||
| Q4 24 | $19.8B | $77.5B | ||
| Q3 24 | $19.6B | $80.6B | ||
| Q2 24 | $15.3B | $78.6B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.35× | ||
| Q3 25 | 1.24× | 0.33× | ||
| Q2 25 | 1.26× | 0.33× | ||
| Q1 25 | 1.16× | 0.32× | ||
| Q4 24 | 1.04× | 0.32× | ||
| Q3 24 | 1.03× | 0.34× | ||
| Q2 24 | 0.63× | 0.34× |
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 | $1.3B |
| Free Cash FlowOCF − Capex | — | $1.1B |
| FCF MarginFCF / Revenue | — | 18.2% |
| Capex IntensityCapex / Revenue | 10.2% | 4.0% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | $1.3B | ||
| Q4 25 | $185.0M | $2.1B | ||
| Q3 25 | $229.0M | $1.7B | ||
| Q2 25 | $376.0M | $1.3B | ||
| Q1 25 | $459.0M | $1.3B | ||
| Q4 24 | $274.0M | $2.0B | ||
| Q3 24 | $318.0M | $1.5B | ||
| Q2 24 | $580.0M | $1.4B |
| Q1 26 | — | $1.1B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | 18.2% | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 18.4% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 19.7% |
| Q1 26 | 10.2% | 4.0% | ||
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 5.0% |
| Q1 26 | — | 1.28× | ||
| Q4 25 | 8.81× | 1.77× | ||
| Q3 25 | 3.14× | 1.83× | ||
| Q2 25 | 2.19× | 2.41× | ||
| Q1 25 | — | 1.36× | ||
| Q4 24 | 3.86× | 1.86× | ||
| Q3 24 | 1.35× | 1.85× | ||
| Q2 24 | 2.64× | 1.56× |
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% |
DHR
Segment breakdown not available.
