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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Stryker Corporation (SYK). Click either name above to swap in a different company.
Stryker Corporation is the larger business by last-quarter revenue ($6.0B vs $3.3B, roughly 1.8× ALASKA AIR GROUP, INC.). Stryker Corporation runs the higher net margin — 12.4% vs -5.8%, a 18.2% gap on every dollar of revenue. On growth, ALASKA AIR GROUP, INC. posted the faster year-over-year revenue change (5.2% vs 2.6%). Over the past eight quarters, ALASKA AIR GROUP, INC.'s revenue compounded faster (6.7% CAGR vs 5.4%).
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.
The Stryker is a family of eight-wheeled armored fighting vehicles derived from the Canadian LAV III, which in turn derived from the Swiss Mowag Piranha. Stryker vehicles are produced by General Dynamics Land Systems-Canada (GDLS-C) for the United States Army in a plant in London, Ontario. It has four-wheel drive (8×4) and can be switched to all-wheel drive (8×8).
ALK vs SYK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $6.0B |
| Net Profit | $-193.0M | $745.0M |
| Gross Margin | — | 63.3% |
| Operating Margin | -8.5% | 15.5% |
| Net Margin | -5.8% | 12.4% |
| Revenue YoY | 5.2% | 2.6% |
| Net Profit YoY | — | 13.9% |
| EPS (diluted) | $-1.69 | $1.93 |
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 | $6.0B | ||
| Q4 25 | $3.6B | $7.2B | ||
| Q3 25 | $3.8B | $6.1B | ||
| Q2 25 | $3.7B | $6.0B | ||
| Q1 25 | $3.1B | $5.9B | ||
| Q4 24 | $3.5B | $6.4B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $2.9B | $5.4B |
| Q1 26 | $-193.0M | $745.0M | ||
| Q4 25 | $21.0M | $849.0M | ||
| Q3 25 | $73.0M | $859.0M | ||
| Q2 25 | $172.0M | $884.0M | ||
| Q1 25 | $-166.0M | $654.0M | ||
| Q4 24 | $71.0M | $546.0M | ||
| Q3 24 | $236.0M | $834.0M | ||
| Q2 24 | $220.0M | $825.0M |
| Q1 26 | — | 63.3% | ||
| Q4 25 | — | 64.5% | ||
| Q3 25 | — | 63.6% | ||
| Q2 25 | — | 63.8% | ||
| Q1 25 | — | 63.8% | ||
| Q4 24 | — | 64.9% | ||
| Q3 24 | — | 64.0% | ||
| Q2 24 | — | 63.0% |
| Q1 26 | -8.5% | 15.5% | ||
| Q4 25 | 2.1% | 25.2% | ||
| Q3 25 | 3.9% | 18.7% | ||
| Q2 25 | 7.5% | 18.5% | ||
| Q1 25 | -6.3% | 14.3% | ||
| Q4 24 | 2.1% | 9.0% | ||
| Q3 24 | 11.1% | 19.7% | ||
| Q2 24 | 11.1% | 19.4% |
| Q1 26 | -5.8% | 12.4% | ||
| Q4 25 | 0.6% | 11.8% | ||
| Q3 25 | 1.9% | 14.2% | ||
| Q2 25 | 4.6% | 14.7% | ||
| Q1 25 | -5.3% | 11.1% | ||
| Q4 24 | 2.0% | 8.5% | ||
| Q3 24 | 7.7% | 15.2% | ||
| Q2 24 | 7.6% | 15.2% |
| Q1 26 | $-1.69 | $1.93 | ||
| Q4 25 | $0.14 | $2.20 | ||
| Q3 25 | $0.62 | $2.22 | ||
| Q2 25 | $1.42 | $2.29 | ||
| Q1 25 | $-1.35 | $1.69 | ||
| Q4 24 | $0.58 | $1.41 | ||
| Q3 24 | $1.84 | $2.16 | ||
| Q2 24 | $1.71 | $2.14 |
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 | $2.9M |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $3.7B | $23.0M |
| Total Assets | $20.3B | $46.3M |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $2.9M | ||
| Q4 25 | $627.0M | $4.0B | ||
| Q3 25 | $2.3B | $3.3B | ||
| Q2 25 | $2.1B | $2.4B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $2.5B | $3.7B | ||
| Q3 24 | $2.5B | $3.9B | ||
| Q2 24 | $2.5B | $1.9B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.8B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $2.7B | — |
| Q1 26 | $3.7B | $23.0M | ||
| Q4 25 | $4.1B | $22.4B | ||
| Q3 25 | $4.0B | $21.8B | ||
| Q2 25 | $3.9B | $21.2B | ||
| Q1 25 | $4.1B | $20.9B | ||
| Q4 24 | $4.4B | $20.6B | ||
| Q3 24 | $4.5B | $20.1B | ||
| Q2 24 | $4.2B | $19.8B |
| Q1 26 | $20.3B | $46.3M | ||
| Q4 25 | $20.4B | $47.8B | ||
| Q3 25 | $20.0B | $47.1B | ||
| Q2 25 | $19.9B | $46.3B | ||
| Q1 25 | $19.8B | $46.0B | ||
| Q4 24 | $19.8B | $43.0B | ||
| Q3 24 | $19.6B | $43.8B | ||
| Q2 24 | $15.3B | $39.1B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.24× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.04× | — | ||
| 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 | $581.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 10.2% | — |
| Cash ConversionOCF / Net Profit | — | 0.78× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | $581.0M | ||
| Q4 25 | $185.0M | $2.1B | ||
| Q3 25 | $229.0M | $1.5B | ||
| Q2 25 | $376.0M | $1.1B | ||
| Q1 25 | $459.0M | $250.0M | ||
| Q4 24 | $274.0M | $1.9B | ||
| Q3 24 | $318.0M | $1.5B | ||
| Q2 24 | $580.0M | $633.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $928.0M | ||
| Q1 25 | — | $127.0M | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $481.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 15.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 23.7% | ||
| Q2 24 | — | 8.9% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | 0.78× | ||
| Q4 25 | 8.81× | 2.52× | ||
| Q3 25 | 3.14× | 1.79× | ||
| Q2 25 | 2.19× | 1.26× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | 3.86× | 3.54× | ||
| Q3 24 | 1.35× | 1.77× | ||
| Q2 24 | 2.64× | 0.77× |
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% |
SYK
Segment breakdown not available.
