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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and PILGRIMS PRIDE CORP (PPC). Click either name above to swap in a different company.
PILGRIMS PRIDE CORP is the larger business by last-quarter revenue ($4.5B vs $3.3B, roughly 1.4× ALASKA AIR GROUP, INC.). PILGRIMS PRIDE CORP runs the higher net margin — 1.9% vs -5.8%, a 7.8% gap on every dollar of revenue. On growth, ALASKA AIR GROUP, INC. posted the faster year-over-year revenue change (5.2% vs 3.3%). 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.
Pilgrim's Pride Corporation is an American, multi-national food company, currently one of the largest chicken producers in the United States and Puerto Rico and the second-largest chicken producer in Mexico. It exited bankruptcy in December 2009 and relocated its U.S. headquarters to Greeley, Colorado, in 2011. It is majority-owned by JBS S.A. Pilgrim's Pride purchased Gold'n Plump for $350 million in late November 2016.
ALK vs PPC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $4.5B |
| Net Profit | $-193.0M | $88.0M |
| Gross Margin | — | 9.5% |
| Operating Margin | — | 4.5% |
| Net Margin | -5.8% | 1.9% |
| Revenue YoY | 5.2% | 3.3% |
| Net Profit YoY | -16.3% | -62.7% |
| EPS (diluted) | $-1.69 | $0.37 |
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 | $4.5B | ||
| Q3 25 | $3.8B | $4.8B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $3.5B | $4.4B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $2.9B | $4.6B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $88.0M | ||
| Q3 25 | $73.0M | $342.8M | ||
| Q2 25 | $172.0M | $355.5M | ||
| Q1 25 | $-166.0M | $296.0M | ||
| Q4 24 | $71.0M | $235.9M | ||
| Q3 24 | $236.0M | $349.9M | ||
| Q2 24 | $220.0M | $326.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 15.0% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.5% | ||
| Q3 25 | 3.9% | 10.4% | ||
| Q2 25 | 7.5% | 10.8% | ||
| Q1 25 | -6.3% | 9.1% | ||
| Q4 24 | 2.1% | 7.0% | ||
| Q3 24 | 11.1% | 11.1% | ||
| Q2 24 | 11.1% | 9.7% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 1.9% | ||
| Q3 25 | 1.9% | 7.2% | ||
| Q2 25 | 4.6% | 7.5% | ||
| Q1 25 | -5.3% | 6.6% | ||
| Q4 24 | 2.0% | 5.4% | ||
| Q3 24 | 7.7% | 7.6% | ||
| Q2 24 | 7.6% | 7.2% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.37 | ||
| Q3 25 | $0.62 | $1.44 | ||
| Q2 25 | $1.42 | $1.49 | ||
| Q1 25 | $-1.35 | $1.24 | ||
| Q4 24 | $0.58 | $1.00 | ||
| Q3 24 | $1.84 | $1.47 | ||
| Q2 24 | $1.71 | $1.37 |
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 | $640.2M |
| Total DebtLower is stronger | $5.3B | $3.1B |
| Stockholders' EquityBook value | $3.7B | $3.7B |
| Total Assets | $20.3B | $10.3B |
| Debt / EquityLower = less leverage | 1.43× | 0.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $640.2M | ||
| Q3 25 | $2.3B | $612.6M | ||
| Q2 25 | $2.1B | $849.0M | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.5B | $1.9B | ||
| Q2 24 | $2.5B | $1.3B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $3.1B | ||
| Q3 25 | $5.0B | $3.1B | ||
| Q2 25 | $4.9B | $3.1B | ||
| Q1 25 | $4.8B | $3.2B | ||
| Q4 24 | $4.5B | $3.2B | ||
| Q3 24 | $4.6B | $3.2B | ||
| Q2 24 | $2.7B | $3.2B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $3.7B | ||
| Q3 25 | $4.0B | $3.5B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $4.1B | $3.1B | ||
| Q4 24 | $4.4B | $4.2B | ||
| Q3 24 | $4.5B | $4.2B | ||
| Q2 24 | $4.2B | $3.7B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $10.3B | ||
| Q3 25 | $20.0B | $10.0B | ||
| Q2 25 | $19.9B | $10.1B | ||
| Q1 25 | $19.8B | $11.0B | ||
| Q4 24 | $19.8B | $10.7B | ||
| Q3 24 | $19.6B | $10.7B | ||
| Q2 24 | $15.3B | $10.1B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 0.84× | ||
| Q3 25 | 1.24× | 0.87× | ||
| Q2 25 | 1.26× | 0.83× | ||
| Q1 25 | 1.16× | 1.02× | ||
| Q4 24 | 1.04× | 0.76× | ||
| Q3 24 | 1.03× | 0.76× | ||
| Q2 24 | 0.63× | 0.85× |
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 | $291.2M |
| Free Cash FlowOCF − Capex | — | $10.0M |
| FCF MarginFCF / Revenue | — | 0.2% |
| Capex IntensityCapex / Revenue | 10.2% | 6.2% |
| Cash ConversionOCF / Net Profit | — | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $653.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $291.2M | ||
| Q3 25 | $229.0M | $458.3M | ||
| Q2 25 | $376.0M | $495.2M | ||
| Q1 25 | $459.0M | $126.9M | ||
| Q4 24 | $274.0M | $349.3M | ||
| Q3 24 | $318.0M | $651.1M | ||
| Q2 24 | $580.0M | $718.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.0M | ||
| Q3 25 | — | $275.9M | ||
| Q2 25 | — | $339.1M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $565.3M | ||
| Q2 24 | — | $617.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 13.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 3.31× | ||
| Q3 25 | 3.14× | 1.34× | ||
| Q2 25 | 2.19× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 3.86× | 1.48× | ||
| Q3 24 | 1.35× | 1.86× | ||
| Q2 24 | 2.64× | 2.20× |
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% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
