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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $3.3B, roughly 1.4× ALASKA AIR GROUP, INC.). TE Connectivity runs the higher net margin — 18.0% vs -5.8%, a 23.9% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs 5.2%). Over the past eight quarters, TE Connectivity's revenue compounded faster (9.2% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
ALK vs TEL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $4.7B |
| Net Profit | $-193.0M | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | -8.5% | 20.1% |
| Net Margin | -5.8% | 18.0% |
| Revenue YoY | 5.2% | 14.5% |
| Net Profit YoY | — | 58.0% |
| EPS (diluted) | $-1.69 | $2.90 |
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 | $4.7B | ||
| Q4 25 | $3.6B | $4.7B | ||
| Q3 25 | $3.8B | $4.7B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.1B | $4.1B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | $3.1B | $4.1B | ||
| Q2 24 | $2.9B | $4.0B |
| Q1 26 | $-193.0M | $855.0M | ||
| Q4 25 | $21.0M | $750.0M | ||
| Q3 25 | $73.0M | $663.0M | ||
| Q2 25 | $172.0M | $638.0M | ||
| Q1 25 | $-166.0M | $13.0M | ||
| Q4 24 | $71.0M | $528.0M | ||
| Q3 24 | $236.0M | $276.0M | ||
| Q2 24 | $220.0M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% |
| Q1 26 | -8.5% | 20.1% | ||
| Q4 25 | 2.1% | 20.6% | ||
| Q3 25 | 3.9% | 19.3% | ||
| Q2 25 | 7.5% | 18.9% | ||
| Q1 25 | -6.3% | 18.1% | ||
| Q4 24 | 2.1% | 18.0% | ||
| Q3 24 | 11.1% | 16.0% | ||
| Q2 24 | 11.1% | 19.0% |
| Q1 26 | -5.8% | 18.0% | ||
| Q4 25 | 0.6% | 16.1% | ||
| Q3 25 | 1.9% | 14.0% | ||
| Q2 25 | 4.6% | 14.1% | ||
| Q1 25 | -5.3% | 0.3% | ||
| Q4 24 | 2.0% | 13.8% | ||
| Q3 24 | 7.7% | 6.8% | ||
| Q2 24 | 7.6% | 14.4% |
| Q1 26 | $-1.69 | $2.90 | ||
| Q4 25 | $0.14 | $2.53 | ||
| Q3 25 | $0.62 | $2.23 | ||
| Q2 25 | $1.42 | $2.14 | ||
| Q1 25 | $-1.35 | $0.04 | ||
| Q4 24 | $0.58 | $1.75 | ||
| Q3 24 | $1.84 | $0.96 | ||
| Q2 24 | $1.71 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | $5.3B | $5.7B |
| Stockholders' EquityBook value | $3.7B | $13.2B |
| Total Assets | $20.3B | $25.7B |
| Debt / EquityLower = less leverage | 1.43× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | $1.1B | ||
| Q4 25 | $627.0M | $1.3B | ||
| Q3 25 | $2.3B | $1.3B | ||
| Q2 25 | $2.1B | $672.0M | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | $5.3B | $5.7B | ||
| 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 | $13.2B | ||
| Q4 25 | $4.1B | $13.0B | ||
| Q3 25 | $4.0B | $12.6B | ||
| Q2 25 | $3.9B | $12.4B | ||
| Q1 25 | $4.1B | $12.1B | ||
| Q4 24 | $4.4B | $12.4B | ||
| Q3 24 | $4.5B | $12.4B | ||
| Q2 24 | $4.2B | $12.6B |
| Q1 26 | $20.3B | $25.7B | ||
| Q4 25 | $20.4B | $25.6B | ||
| Q3 25 | $20.0B | $25.1B | ||
| Q2 25 | $19.9B | $24.9B | ||
| Q1 25 | $19.8B | $23.7B | ||
| Q4 24 | $19.8B | $22.4B | ||
| Q3 24 | $19.6B | $22.9B | ||
| Q2 24 | $15.3B | $22.9B |
| Q1 26 | 1.43× | 0.43× | ||
| 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 | $947.0M |
| Free Cash FlowOCF − Capex | — | $680.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | 10.2% | 5.7% |
| Cash ConversionOCF / Net Profit | — | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | $947.0M | ||
| Q4 25 | $185.0M | $865.0M | ||
| Q3 25 | $229.0M | $1.4B | ||
| Q2 25 | $376.0M | $1.2B | ||
| Q1 25 | $459.0M | $653.0M | ||
| Q4 24 | $274.0M | $878.0M | ||
| Q3 24 | $318.0M | $1.0B | ||
| Q2 24 | $580.0M | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% |
| Q1 26 | 10.2% | 5.7% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 8.81× | 1.15× | ||
| Q3 25 | 3.14× | 2.14× | ||
| Q2 25 | 2.19× | 1.86× | ||
| Q1 25 | — | 50.23× | ||
| Q4 24 | 3.86× | 1.66× | ||
| Q3 24 | 1.35× | 3.78× | ||
| Q2 24 | 2.64× | 1.76× |
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% |
TEL
Segment breakdown not available.
