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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and DaVita (DVA). Click either name above to swap in a different company.
DaVita is the larger business by last-quarter revenue ($3.6B vs $3.3B, roughly 1.1× ALASKA AIR GROUP, INC.). DaVita runs the higher net margin — 6.5% vs -5.8%, a 12.3% gap on every dollar of revenue. On growth, DaVita posted the faster year-over-year revenue change (12.3% vs 5.2%). Over the past eight quarters, ALASKA AIR GROUP, INC.'s revenue compounded faster (6.7% CAGR vs 6.6%).
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.
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
ALK vs DVA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $3.6B |
| Net Profit | $-193.0M | $234.2M |
| Gross Margin | — | — |
| Operating Margin | -8.5% | 15.5% |
| Net Margin | -5.8% | 6.5% |
| Revenue YoY | 5.2% | 12.3% |
| Net Profit YoY | — | 43.8% |
| EPS (diluted) | $-1.69 | $3.22 |
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 | $3.6B | ||
| Q4 25 | $3.6B | $3.6B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $3.7B | $3.4B | ||
| Q1 25 | $3.1B | $3.2B | ||
| Q4 24 | $3.5B | $3.3B | ||
| Q3 24 | $3.1B | $3.3B | ||
| Q2 24 | $2.9B | $3.2B |
| Q1 26 | $-193.0M | $234.2M | ||
| Q4 25 | $21.0M | $234.2M | ||
| Q3 25 | $73.0M | $150.3M | ||
| Q2 25 | $172.0M | $199.3M | ||
| Q1 25 | $-166.0M | $162.9M | ||
| Q4 24 | $71.0M | $259.3M | ||
| Q3 24 | $236.0M | $214.7M | ||
| Q2 24 | $220.0M | $222.7M |
| Q1 26 | -8.5% | 15.5% | ||
| Q4 25 | 2.1% | 15.5% | ||
| Q3 25 | 3.9% | 14.8% | ||
| Q2 25 | 7.5% | 15.9% | ||
| Q1 25 | -6.3% | 13.6% | ||
| Q4 24 | 2.1% | 17.2% | ||
| Q3 24 | 11.1% | 16.4% | ||
| Q2 24 | 11.1% | 15.9% |
| Q1 26 | -5.8% | 6.5% | ||
| Q4 25 | 0.6% | 6.5% | ||
| Q3 25 | 1.9% | 4.4% | ||
| Q2 25 | 4.6% | 5.9% | ||
| Q1 25 | -5.3% | 5.1% | ||
| Q4 24 | 2.0% | 7.9% | ||
| Q3 24 | 7.7% | 6.6% | ||
| Q2 24 | 7.6% | 7.0% |
| Q1 26 | $-1.69 | $3.22 | ||
| Q4 25 | $0.14 | $3.22 | ||
| Q3 25 | $0.62 | $2.04 | ||
| Q2 25 | $1.42 | $2.58 | ||
| Q1 25 | $-1.35 | $2.00 | ||
| Q4 24 | $0.58 | $3.08 | ||
| Q3 24 | $1.84 | $2.50 | ||
| Q2 24 | $1.71 | $2.50 |
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 | $700.7M |
| Total DebtLower is stronger | $5.3B | $10.2B |
| Stockholders' EquityBook value | $3.7B | $-651.1M |
| Total Assets | $20.3B | $17.5B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $700.7M | ||
| Q4 25 | $627.0M | $700.7M | ||
| Q3 25 | $2.3B | $736.5M | ||
| Q2 25 | $2.1B | $739.4M | ||
| Q1 25 | $2.5B | $511.9M | ||
| Q4 24 | $2.5B | $846.0M | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.5B | $437.2M |
| Q1 26 | $5.3B | $10.2B | ||
| Q4 25 | $4.8B | $10.2B | ||
| Q3 25 | $5.0B | $10.2B | ||
| Q2 25 | $4.9B | $10.1B | ||
| Q1 25 | $4.8B | $9.6B | ||
| Q4 24 | $4.5B | $9.2B | ||
| Q3 24 | $4.6B | $9.3B | ||
| Q2 24 | $2.7B | $8.5B |
| Q1 26 | $3.7B | $-651.1M | ||
| Q4 25 | $4.1B | $-651.1M | ||
| Q3 25 | $4.0B | $-571.9M | ||
| Q2 25 | $3.9B | $-369.6M | ||
| Q1 25 | $4.1B | $-267.1M | ||
| Q4 24 | $4.4B | $121.1M | ||
| Q3 24 | $4.5B | $386.7M | ||
| Q2 24 | $4.2B | $632.9M |
| Q1 26 | $20.3B | $17.5B | ||
| Q4 25 | $20.4B | $17.5B | ||
| Q3 25 | $20.0B | $17.6B | ||
| Q2 25 | $19.9B | $17.5B | ||
| Q1 25 | $19.8B | $17.1B | ||
| Q4 24 | $19.8B | $17.3B | ||
| Q3 24 | $19.6B | $17.5B | ||
| Q2 24 | $15.3B | $17.0B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.04× | 75.76× | ||
| Q3 24 | 1.03× | 23.95× | ||
| Q2 24 | 0.63× | 13.35× |
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% | — |
| 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 | $540.7M | ||
| Q3 25 | $229.0M | $841.5M | ||
| Q2 25 | $376.0M | $324.2M | ||
| Q1 25 | $459.0M | $180.0M | ||
| Q4 24 | $274.0M | $547.6M | ||
| Q3 24 | $318.0M | $810.4M | ||
| Q2 24 | $580.0M | $798.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $395.3M | ||
| Q3 25 | — | $675.4M | ||
| Q2 25 | — | $203.1M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | $377.0M | ||
| Q3 24 | — | $671.4M | ||
| Q2 24 | — | $674.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.2% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 2.31× | ||
| Q3 25 | 3.14× | 5.60× | ||
| Q2 25 | 2.19× | 1.63× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 3.86× | 2.11× | ||
| Q3 24 | 1.35× | 3.77× | ||
| Q2 24 | 2.64× | 3.59× |
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% |
DVA
Segment breakdown not available.
