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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and V F CORP (VFC). 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 $2.9B, roughly 1.1× V F CORP). V F CORP runs the higher net margin — 10.5% vs -5.8%, a 16.3% gap on every dollar of revenue. On growth, ALASKA AIR GROUP, INC. posted the faster year-over-year revenue change (5.2% vs 1.5%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
ALK vs VFC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $2.9B |
| Net Profit | $-193.0M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | — | 10.1% |
| Net Margin | -5.8% | 10.5% |
| Revenue YoY | 5.2% | 1.5% |
| Net Profit YoY | -16.3% | 79.3% |
| EPS (diluted) | $-1.69 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.1B | $2.0B | ||
| Q4 24 | $3.5B | $2.8B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $2.9B | $1.9B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $300.8M | ||
| Q3 25 | $73.0M | $189.8M | ||
| Q2 25 | $172.0M | $-116.4M | ||
| Q1 25 | $-166.0M | $-150.8M | ||
| Q4 24 | $71.0M | $167.8M | ||
| Q3 24 | $236.0M | $52.2M | ||
| Q2 24 | $220.0M | $-258.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 10.1% | ||
| Q3 25 | 3.9% | 11.2% | ||
| Q2 25 | 7.5% | -4.9% | ||
| Q1 25 | -6.3% | 2.2% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 11.1% | 9.9% | ||
| Q2 24 | 11.1% | -12.6% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 10.5% | ||
| Q3 25 | 1.9% | 6.8% | ||
| Q2 25 | 4.6% | -6.6% | ||
| Q1 25 | -5.3% | -7.5% | ||
| Q4 24 | 2.0% | 5.9% | ||
| Q3 24 | 7.7% | 1.9% | ||
| Q2 24 | 7.6% | -13.6% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $0.76 | ||
| Q3 25 | $0.62 | $0.48 | ||
| Q2 25 | $1.42 | $-0.30 | ||
| Q1 25 | $-1.35 | $-0.37 | ||
| Q4 24 | $0.58 | $0.43 | ||
| Q3 24 | $1.84 | $0.13 | ||
| 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 | $1.5B |
| Total DebtLower is stronger | $5.3B | $3.6B |
| Stockholders' EquityBook value | $3.7B | $1.8B |
| Total Assets | $20.3B | $10.4B |
| Debt / EquityLower = less leverage | 1.43× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | $1.5B | ||
| Q3 25 | $2.3B | $419.1M | ||
| Q2 25 | $2.1B | $642.4M | ||
| Q1 25 | $2.5B | $429.4M | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $492.2M | ||
| Q2 24 | $2.5B | $637.4M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $4.8B | $3.6B | ||
| Q3 25 | $5.0B | $3.5B | ||
| Q2 25 | $4.9B | $3.6B | ||
| Q1 25 | $4.8B | $3.4B | ||
| Q4 24 | $4.5B | $3.9B | ||
| Q3 24 | $4.6B | $4.0B | ||
| Q2 24 | $2.7B | $3.9B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $4.1B | $1.8B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $4.1B | $1.5B | ||
| Q4 24 | $4.4B | $1.7B | ||
| Q3 24 | $4.5B | $1.4B | ||
| Q2 24 | $4.2B | $1.4B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $10.4B | ||
| Q3 25 | $20.0B | $10.6B | ||
| Q2 25 | $19.9B | $10.2B | ||
| Q1 25 | $19.8B | $9.4B | ||
| Q4 24 | $19.8B | $10.6B | ||
| Q3 24 | $19.6B | $12.2B | ||
| Q2 24 | $15.3B | $11.5B |
| Q1 26 | 1.43× | — | ||
| Q4 25 | 1.17× | 1.99× | ||
| Q3 25 | 1.24× | 2.40× | ||
| Q2 25 | 1.26× | 2.76× | ||
| Q1 25 | 1.16× | 2.30× | ||
| Q4 24 | 1.04× | 2.31× | ||
| Q3 24 | 1.03× | 2.86× | ||
| Q2 24 | 0.63× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | 10.2% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $1.0B | ||
| Q3 25 | $229.0M | $-227.0M | ||
| Q2 25 | $376.0M | $-145.5M | ||
| Q1 25 | $459.0M | $-171.1M | ||
| Q4 24 | $274.0M | $918.1M | ||
| Q3 24 | $318.0M | $-301.6M | ||
| Q2 24 | $580.0M | $19.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 3.36× | ||
| Q3 25 | 3.14× | -1.20× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.86× | 5.47× | ||
| Q3 24 | 1.35× | -5.78× | ||
| Q2 24 | 2.64× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
