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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $3.3B, roughly 1.0× ALASKA AIR GROUP, INC.). PulteGroup runs the higher net margin — 10.2% vs -5.8%, a 16.0% gap on every dollar of revenue. On growth, ALASKA AIR GROUP, INC. posted the faster year-over-year revenue change (5.2% vs -12.4%). Over the past eight quarters, ALASKA AIR GROUP, INC.'s revenue compounded faster (6.7% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
ALK vs PHM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $3.4B |
| Net Profit | $-193.0M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | -8.5% | — |
| Net Margin | -5.8% | 10.2% |
| Revenue YoY | 5.2% | -12.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-1.69 | — |
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 | $3.4B | ||
| Q4 25 | $3.6B | $4.6B | ||
| Q3 25 | $3.8B | $4.4B | ||
| Q2 25 | $3.7B | $4.4B | ||
| Q1 25 | $3.1B | $3.9B | ||
| Q4 24 | $3.5B | $4.9B | ||
| Q3 24 | $3.1B | $4.5B | ||
| Q2 24 | $2.9B | $4.6B |
| Q1 26 | $-193.0M | $347.0M | ||
| Q4 25 | $21.0M | $501.6M | ||
| Q3 25 | $73.0M | $585.8M | ||
| Q2 25 | $172.0M | $608.5M | ||
| Q1 25 | $-166.0M | $522.8M | ||
| Q4 24 | $71.0M | $913.2M | ||
| Q3 24 | $236.0M | $697.9M | ||
| Q2 24 | $220.0M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | -6.3% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 11.1% | — |
| Q1 26 | -5.8% | 10.2% | ||
| Q4 25 | 0.6% | 10.9% | ||
| Q3 25 | 1.9% | 13.3% | ||
| Q2 25 | 4.6% | 13.8% | ||
| Q1 25 | -5.3% | 13.4% | ||
| Q4 24 | 2.0% | 18.6% | ||
| Q3 24 | 7.7% | 15.6% | ||
| Q2 24 | 7.6% | 17.6% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $2.56 | ||
| Q3 25 | $0.62 | $2.96 | ||
| Q2 25 | $1.42 | $3.03 | ||
| Q1 25 | $-1.35 | $2.57 | ||
| Q4 24 | $0.58 | $4.41 | ||
| Q3 24 | $1.84 | $3.35 | ||
| Q2 24 | $1.71 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $3.7B | $13.0B |
| Total Assets | $20.3B | $5.2B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $1.8B | ||
| Q4 25 | $627.0M | $2.0B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $43.9M | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.5B | $31.1M | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | $3.7B | $13.0B | ||
| Q4 25 | $4.1B | $13.0B | ||
| Q3 25 | $4.0B | $12.8B | ||
| Q2 25 | $3.9B | $12.6B | ||
| Q1 25 | $4.1B | $12.3B | ||
| Q4 24 | $4.4B | $12.1B | ||
| Q3 24 | $4.5B | $11.6B | ||
| Q2 24 | $4.2B | $11.2B |
| Q1 26 | $20.3B | $5.2B | ||
| Q4 25 | $20.4B | $18.0B | ||
| Q3 25 | $20.0B | $17.9B | ||
| Q2 25 | $19.9B | $17.6B | ||
| Q1 25 | $19.8B | $17.3B | ||
| Q4 24 | $19.8B | $17.4B | ||
| Q3 24 | $19.6B | $17.0B | ||
| Q2 24 | $15.3B | $16.5B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.00× | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.04× | 0.00× | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 0.63× | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 10.2% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | $159.8M | ||
| Q4 25 | $185.0M | $771.1M | ||
| Q3 25 | $229.0M | $678.4M | ||
| Q2 25 | $376.0M | $287.5M | ||
| Q1 25 | $459.0M | $134.2M | ||
| Q4 24 | $274.0M | $567.6M | ||
| Q3 24 | $318.0M | $455.9M | ||
| Q2 24 | $580.0M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $739.8M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $253.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $543.1M | ||
| Q3 24 | — | $417.2M | ||
| Q2 24 | — | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | 10.2% | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 8.81× | 1.54× | ||
| Q3 25 | 3.14× | 1.16× | ||
| Q2 25 | 2.19× | 0.47× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 3.86× | 0.62× | ||
| Q3 24 | 1.35× | 0.65× | ||
| Q2 24 | 2.64× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
