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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Edison International (EIX). Click either name above to swap in a different company.
Edison International is the larger business by last-quarter revenue ($5.2B vs $3.3B, roughly 1.6× ALASKA AIR GROUP, INC.). Edison International runs the higher net margin — 35.4% vs -5.8%, a 41.3% gap on every dollar of revenue. On growth, Edison International posted the faster year-over-year revenue change (30.8% vs 5.2%). Over the past eight quarters, Edison International's revenue compounded faster (13.1% 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.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
ALK vs EIX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $5.2B |
| Net Profit | $-193.0M | $1.8B |
| Gross Margin | — | — |
| Operating Margin | -8.5% | 52.8% |
| Net Margin | -5.8% | 35.4% |
| Revenue YoY | 5.2% | 30.8% |
| Net Profit YoY | — | 443.5% |
| EPS (diluted) | $-1.69 | $4.78 |
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 | $5.2B | ||
| Q3 25 | $3.8B | $5.8B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.1B | $3.8B | ||
| Q4 24 | $3.5B | $4.0B | ||
| Q3 24 | $3.1B | $5.2B | ||
| Q2 24 | $2.9B | $4.3B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $1.8B | ||
| Q3 25 | $73.0M | $832.0M | ||
| Q2 25 | $172.0M | $343.0M | ||
| Q1 25 | $-166.0M | $1.4B | ||
| Q4 24 | $71.0M | $340.0M | ||
| Q3 24 | $236.0M | $516.0M | ||
| Q2 24 | $220.0M | $439.0M |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 52.8% | ||
| Q3 25 | 3.9% | 24.9% | ||
| Q2 25 | 7.5% | 17.1% | ||
| Q1 25 | -6.3% | 56.0% | ||
| Q4 24 | 2.1% | 19.8% | ||
| Q3 24 | 11.1% | 19.1% | ||
| Q2 24 | 11.1% | 20.8% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 35.4% | ||
| Q3 25 | 1.9% | 14.5% | ||
| Q2 25 | 4.6% | 7.6% | ||
| Q1 25 | -5.3% | 37.7% | ||
| Q4 24 | 2.0% | 8.5% | ||
| Q3 24 | 7.7% | 9.9% | ||
| Q2 24 | 7.6% | 10.1% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $4.78 | ||
| Q3 25 | $0.62 | $2.16 | ||
| Q2 25 | $1.42 | $0.89 | ||
| Q1 25 | $-1.35 | $3.72 | ||
| Q4 24 | $0.58 | $0.89 | ||
| Q3 24 | $1.84 | $1.32 | ||
| Q2 24 | $1.71 | $1.13 |
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 | $158.0M |
| Total DebtLower is stronger | $5.3B | $38.0B |
| Stockholders' EquityBook value | $3.7B | $17.6B |
| Total Assets | $20.3B | $94.0B |
| Debt / EquityLower = less leverage | 1.43× | 2.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $158.0M | ||
| Q3 25 | $2.3B | $364.0M | ||
| Q2 25 | $2.1B | $140.0M | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.5B | $193.0M | ||
| Q3 24 | $2.5B | $200.0M | ||
| Q2 24 | $2.5B | $465.0M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $38.0B | ||
| Q3 25 | $5.0B | $36.4B | ||
| Q2 25 | $4.9B | $37.7B | ||
| Q1 25 | $4.8B | $38.4B | ||
| Q4 24 | $4.5B | $35.6B | ||
| Q3 24 | $4.6B | $34.9B | ||
| Q2 24 | $2.7B | $34.8B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $17.6B | ||
| Q3 25 | $4.0B | $17.2B | ||
| Q2 25 | $3.9B | $16.7B | ||
| Q1 25 | $4.1B | $16.6B | ||
| Q4 24 | $4.4B | $15.6B | ||
| Q3 24 | $4.5B | $15.7B | ||
| Q2 24 | $4.2B | $15.4B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $94.0B | ||
| Q3 25 | $20.0B | $90.5B | ||
| Q2 25 | $19.9B | $88.8B | ||
| Q1 25 | $19.8B | $88.4B | ||
| Q4 24 | $19.8B | $85.6B | ||
| Q3 24 | $19.6B | $84.7B | ||
| Q2 24 | $15.3B | $84.8B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 2.16× | ||
| Q3 25 | 1.24× | 2.12× | ||
| Q2 25 | 1.26× | 2.26× | ||
| Q1 25 | 1.16× | 2.31× | ||
| Q4 24 | 1.04× | 2.29× | ||
| Q3 24 | 1.03× | 2.23× | ||
| Q2 24 | 0.63× | 2.26× |
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 | $1.6B |
| Free Cash FlowOCF − Capex | — | $-319.0M |
| FCF MarginFCF / Revenue | — | -6.1% |
| Capex IntensityCapex / Revenue | 10.2% | 36.3% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-715.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.6B | ||
| Q3 25 | $229.0M | $2.1B | ||
| Q2 25 | $376.0M | $882.0M | ||
| Q1 25 | $459.0M | $1.2B | ||
| Q4 24 | $274.0M | $1.2B | ||
| Q3 24 | $318.0M | $2.5B | ||
| Q2 24 | $580.0M | $329.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-319.0M | ||
| Q3 25 | — | $618.0M | ||
| Q2 25 | — | $-830.0M | ||
| Q1 25 | — | $-184.0M | ||
| Q4 24 | — | $-326.0M | ||
| Q3 24 | — | $961.0M | ||
| Q2 24 | — | $-1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | -6.1% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | -25.2% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 26.2% | ||
| Q2 25 | — | 37.7% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 37.6% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | — | 32.8% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 0.85× | ||
| Q3 25 | 3.14× | 2.55× | ||
| Q2 25 | 2.19× | 2.57× | ||
| Q1 25 | — | 0.85× | ||
| Q4 24 | 3.86× | 3.44× | ||
| Q3 24 | 1.35× | 4.79× | ||
| Q2 24 | 2.64× | 0.75× |
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% |
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
