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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
ALASKA AIR GROUP, INC. is the larger business by last-quarter revenue ($3.3B vs $2.5B, roughly 1.3× Tapestry, Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs -5.8%, a 28.3% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 5.2%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
ALK vs TPR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $2.5B |
| Net Profit | $-193.0M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | — | 28.6% |
| Net Margin | -5.8% | 22.4% |
| Revenue YoY | 5.2% | 14.0% |
| Net Profit YoY | -16.3% | 80.8% |
| EPS (diluted) | $-1.69 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.7B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.5B | $2.2B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.6B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $561.3M | ||
| Q3 25 | $73.0M | $274.8M | ||
| Q2 25 | $172.0M | $-517.1M | ||
| Q1 25 | $-166.0M | $203.3M | ||
| Q4 24 | $71.0M | $310.4M | ||
| Q3 24 | $236.0M | $186.6M | ||
| Q2 24 | $220.0M | $159.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 28.6% | ||
| Q3 25 | 3.9% | 19.3% | ||
| Q2 25 | 7.5% | -33.9% | ||
| Q1 25 | -6.3% | 16.0% | ||
| Q4 24 | 2.1% | 22.4% | ||
| Q3 24 | 11.1% | 16.7% | ||
| Q2 24 | 11.1% | 14.8% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 22.4% | ||
| Q3 25 | 1.9% | 16.1% | ||
| Q2 25 | 4.6% | -30.0% | ||
| Q1 25 | -5.3% | 12.8% | ||
| Q4 24 | 2.0% | 14.1% | ||
| Q3 24 | 7.7% | 12.4% | ||
| Q2 24 | 7.6% | 10.0% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $2.68 | ||
| Q3 25 | $0.62 | $1.28 | ||
| Q2 25 | $1.42 | $-2.30 | ||
| Q1 25 | $-1.35 | $0.95 | ||
| Q4 24 | $0.58 | $1.38 | ||
| Q3 24 | $1.84 | $0.79 | ||
| Q2 24 | $1.71 | $0.67 |
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 | $2.4B |
| Stockholders' EquityBook value | $3.7B | $551.2M |
| Total Assets | $20.3B | $6.5B |
| Debt / EquityLower = less leverage | 1.43× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $1.1B | ||
| Q3 25 | $2.3B | $743.2M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.5B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.5B | $7.3B | ||
| Q2 24 | $2.5B | $7.2B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $4.9B | $2.4B | ||
| Q1 25 | $4.8B | $2.4B | ||
| Q4 24 | $4.5B | $2.4B | ||
| Q3 24 | $4.6B | $7.0B | ||
| Q2 24 | $2.7B | $6.9B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $551.2M | ||
| Q3 25 | $4.0B | $399.5M | ||
| Q2 25 | $3.9B | $857.8M | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $6.5B | ||
| Q3 25 | $20.0B | $6.4B | ||
| Q2 25 | $19.9B | $6.6B | ||
| Q1 25 | $19.8B | $7.3B | ||
| Q4 24 | $19.8B | $7.3B | ||
| Q3 24 | $19.6B | $13.7B | ||
| Q2 24 | $15.3B | $13.4B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 4.32× | ||
| Q3 25 | 1.24× | 5.95× | ||
| Q2 25 | 1.26× | 2.77× | ||
| Q1 25 | 1.16× | 1.59× | ||
| Q4 24 | 1.04× | 1.78× | ||
| Q3 24 | 1.03× | 2.35× | ||
| Q2 24 | 0.63× | 2.39× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $1.0B |
| FCF MarginFCF / Revenue | — | 41.5% |
| Capex IntensityCapex / Revenue | 10.2% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.1B | ||
| Q3 25 | $229.0M | $112.6M | ||
| Q2 25 | $376.0M | $446.8M | ||
| Q1 25 | $459.0M | $144.3M | ||
| Q4 24 | $274.0M | $506.0M | ||
| Q3 24 | $318.0M | $119.5M | ||
| Q2 24 | $580.0M | $256.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 1.93× | ||
| Q3 25 | 3.14× | 0.41× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 3.86× | 1.63× | ||
| Q3 24 | 1.35× | 0.64× | ||
| Q2 24 | 2.64× | 1.61× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
