vs
Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and DTE Energy (DTE). Click either name above to swap in a different company.
DTE Energy is the larger business by last-quarter revenue ($4.4B vs $3.3B, roughly 1.3× ALASKA AIR GROUP, INC.). DTE Energy runs the higher net margin — 8.3% vs -5.8%, a 14.2% gap on every dollar of revenue. On growth, DTE Energy posted the faster year-over-year revenue change (28.9% vs 5.2%). Over the past eight quarters, DTE Energy's revenue compounded faster (16.9% 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.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
ALK vs DTE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $4.4B |
| Net Profit | $-193.0M | $369.0M |
| Gross Margin | — | — |
| Operating Margin | -8.5% | 15.9% |
| Net Margin | -5.8% | 8.3% |
| Revenue YoY | 5.2% | 28.9% |
| Net Profit YoY | — | 26.4% |
| EPS (diluted) | $-1.69 | $1.78 |
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 | $4.4B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $3.7B | $3.4B | ||
| Q1 25 | $3.1B | $4.4B | ||
| Q4 24 | $3.5B | $3.4B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $2.9B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $369.0M | ||
| Q3 25 | $73.0M | $419.0M | ||
| Q2 25 | $172.0M | $229.0M | ||
| Q1 25 | $-166.0M | $445.0M | ||
| Q4 24 | $71.0M | $292.0M | ||
| Q3 24 | $236.0M | $477.0M | ||
| Q2 24 | $220.0M | $322.0M |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 15.9% | ||
| Q3 25 | 3.9% | 17.6% | ||
| Q2 25 | 7.5% | 12.5% | ||
| Q1 25 | -6.3% | 14.1% | ||
| Q4 24 | 2.1% | 16.2% | ||
| Q3 24 | 11.1% | 17.8% | ||
| Q2 24 | 11.1% | 17.5% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 8.3% | ||
| Q3 25 | 1.9% | 11.9% | ||
| Q2 25 | 4.6% | 6.7% | ||
| Q1 25 | -5.3% | 10.0% | ||
| Q4 24 | 2.0% | 8.5% | ||
| Q3 24 | 7.7% | 16.4% | ||
| Q2 24 | 7.6% | 11.2% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $1.78 | ||
| Q3 25 | $0.62 | $2.01 | ||
| Q2 25 | $1.42 | $1.10 | ||
| Q1 25 | $-1.35 | $2.14 | ||
| Q4 24 | $0.58 | $1.41 | ||
| Q3 24 | $1.84 | $2.30 | ||
| Q2 24 | $1.71 | $1.55 |
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 | $208.0M |
| Total DebtLower is stronger | $5.3B | $23.8B |
| Stockholders' EquityBook value | $3.7B | $12.3B |
| Total Assets | $20.3B | $54.1B |
| Debt / EquityLower = less leverage | 1.43× | 1.93× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $208.0M | ||
| Q3 25 | $2.3B | $34.0M | ||
| Q2 25 | $2.1B | $32.0M | ||
| Q1 25 | $2.5B | $33.0M | ||
| Q4 24 | $2.5B | $24.0M | ||
| Q3 24 | $2.5B | $969.0M | ||
| Q2 24 | $2.5B | $20.0M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $23.8B | ||
| Q3 25 | $5.0B | $24.5B | ||
| Q2 25 | $4.9B | $22.9B | ||
| Q1 25 | $4.8B | $21.8B | ||
| Q4 24 | $4.5B | $20.7B | ||
| Q3 24 | $4.6B | $20.5B | ||
| Q2 24 | $2.7B | $19.3B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $12.3B | ||
| Q3 25 | $4.0B | $12.2B | ||
| Q2 25 | $3.9B | $11.7B | ||
| Q1 25 | $4.1B | $11.9B | ||
| Q4 24 | $4.4B | $11.7B | ||
| Q3 24 | $4.5B | $11.6B | ||
| Q2 24 | $4.2B | $11.1B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $54.1B | ||
| Q3 25 | $20.0B | $52.0B | ||
| Q2 25 | $19.9B | $50.2B | ||
| Q1 25 | $19.8B | $49.6B | ||
| Q4 24 | $19.8B | $48.8B | ||
| Q3 24 | $19.6B | $49.8B | ||
| Q2 24 | $15.3B | $47.8B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 1.93× | ||
| Q3 25 | 1.24× | 2.01× | ||
| Q2 25 | 1.26× | 1.96× | ||
| Q1 25 | 1.16× | 1.83× | ||
| Q4 24 | 1.04× | 1.77× | ||
| Q3 24 | 1.03× | 1.76× | ||
| Q2 24 | 0.63× | 1.74× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 10.2% | — |
| Cash ConversionOCF / Net Profit | — | 2.84× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.0B | ||
| Q3 25 | $229.0M | $632.0M | ||
| Q2 25 | $376.0M | $709.0M | ||
| Q1 25 | $459.0M | $1.0B | ||
| Q4 24 | $274.0M | $1.1B | ||
| Q3 24 | $318.0M | $758.0M | ||
| Q2 24 | $580.0M | $759.0M |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 2.84× | ||
| Q3 25 | 3.14× | 1.51× | ||
| Q2 25 | 2.19× | 3.10× | ||
| Q1 25 | — | 2.29× | ||
| Q4 24 | 3.86× | 3.71× | ||
| Q3 24 | 1.35× | 1.59× | ||
| Q2 24 | 2.64× | 2.36× |
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% |
DTE
| Electric Segment | $1.8B | 40% |
| Residential | $723.0M | 16% |
| Gas Segment | $651.0M | 15% |
| Commercial | $524.0M | 12% |
| Other | $333.0M | 8% |
| DTE Vantage Segment | $176.0M | 4% |
| Industrial | $159.0M | 4% |
| End User Transportation | $69.0M | 2% |
| Intermediate Transportation | $25.0M | 1% |
