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Side-by-side financial comparison of ALASKA AIR GROUP, INC. (ALK) and WESCO INTERNATIONAL INC (WCC). Click either name above to swap in a different company.
WESCO INTERNATIONAL INC is the larger business by last-quarter revenue ($6.1B vs $3.3B, roughly 1.8× ALASKA AIR GROUP, INC.). WESCO INTERNATIONAL INC runs the higher net margin — 2.6% vs -5.8%, a 8.5% gap on every dollar of revenue. On growth, WESCO INTERNATIONAL INC posted the faster year-over-year revenue change (10.3% vs 5.2%). Over the past eight quarters, ALASKA AIR GROUP, INC.'s revenue compounded faster (6.7% CAGR vs 6.5%).
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.
Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania.
ALK vs WCC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.3B | $6.1B |
| Net Profit | $-193.0M | $159.8M |
| Gross Margin | — | 21.2% |
| Operating Margin | -8.5% | 5.3% |
| Net Margin | -5.8% | 2.6% |
| Revenue YoY | 5.2% | 10.3% |
| Net Profit YoY | — | -3.4% |
| EPS (diluted) | $-1.69 | $3.33 |
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 | $6.1B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $3.7B | $5.9B | ||
| Q1 25 | $3.1B | $5.3B | ||
| Q4 24 | $3.5B | $5.5B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $2.9B | $5.5B |
| Q1 26 | $-193.0M | — | ||
| Q4 25 | $21.0M | $159.8M | ||
| Q3 25 | $73.0M | $187.5M | ||
| Q2 25 | $172.0M | $174.5M | ||
| Q1 25 | $-166.0M | $118.4M | ||
| Q4 24 | $71.0M | $165.4M | ||
| Q3 24 | $236.0M | $204.3M | ||
| Q2 24 | $220.0M | $232.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 21.9% |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 2.1% | 5.3% | ||
| Q3 25 | 3.9% | 5.6% | ||
| Q2 25 | 7.5% | 5.5% | ||
| Q1 25 | -6.3% | 4.5% | ||
| Q4 24 | 2.1% | 5.5% | ||
| Q3 24 | 11.1% | 6.1% | ||
| Q2 24 | 11.1% | 5.9% |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 0.6% | 2.6% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 4.6% | 3.0% | ||
| Q1 25 | -5.3% | 2.2% | ||
| Q4 24 | 2.0% | 3.0% | ||
| Q3 24 | 7.7% | 3.7% | ||
| Q2 24 | 7.6% | 4.2% |
| Q1 26 | $-1.69 | — | ||
| Q4 25 | $0.14 | $3.33 | ||
| Q3 25 | $0.62 | $3.79 | ||
| Q2 25 | $1.42 | $3.83 | ||
| Q1 25 | $-1.35 | $2.10 | ||
| Q4 24 | $0.58 | $3.01 | ||
| Q3 24 | $1.84 | $3.81 | ||
| Q2 24 | $1.71 | $4.28 |
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 | — |
| Total DebtLower is stronger | $5.3B | — |
| Stockholders' EquityBook value | $3.7B | $5.0B |
| Total Assets | $20.3B | $16.5B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $451.0M | — | ||
| Q4 25 | $627.0M | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
| 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 | — | ||
| Q4 25 | $4.1B | $5.0B | ||
| Q3 25 | $4.0B | $4.8B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | $4.1B | $5.0B | ||
| Q4 24 | $4.4B | $5.0B | ||
| Q3 24 | $4.5B | $5.0B | ||
| Q2 24 | $4.2B | $4.9B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.4B | $16.5B | ||
| Q3 25 | $20.0B | $16.6B | ||
| Q2 25 | $19.9B | $16.2B | ||
| Q1 25 | $19.8B | $15.5B | ||
| Q4 24 | $19.8B | $15.1B | ||
| Q3 24 | $19.6B | $15.3B | ||
| Q2 24 | $15.3B | $15.1B |
| 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 | $71.9M |
| Free Cash FlowOCF − Capex | — | $27.5M |
| FCF MarginFCF / Revenue | — | 0.5% |
| Capex IntensityCapex / Revenue | 10.2% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 0.45× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.0M | — | ||
| Q4 25 | $185.0M | $71.9M | ||
| Q3 25 | $229.0M | $-82.7M | ||
| Q2 25 | $376.0M | $107.8M | ||
| Q1 25 | $459.0M | $28.0M | ||
| Q4 24 | $274.0M | $276.6M | ||
| Q3 24 | $318.0M | $302.1M | ||
| Q2 24 | $580.0M | $-223.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $27.5M | ||
| Q3 25 | — | $-95.9M | ||
| Q2 25 | — | $86.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $252.3M | ||
| Q3 24 | — | $272.9M | ||
| Q2 24 | — | $-244.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | -4.5% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 8.81× | 0.45× | ||
| Q3 25 | 3.14× | -0.44× | ||
| Q2 25 | 2.19× | 0.62× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 3.86× | 1.67× | ||
| Q3 24 | 1.35× | 1.48× | ||
| Q2 24 | 2.64× | -0.96× |
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% |
WCC
| CSS | $2.4B | 40% |
| EES | $2.3B | 37% |
| UBS | $1.4B | 23% |
