Allegiant Travel Co
$3.15B- Market cap
- $2.14B
- Debt
- +$1.82B
- Cash
- −$805.66M
Capital structure 54% equity / 46% debt · EV / Revenue 1.21x · EV / EBITDA 13.32x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ALGT stock price at discount vs IIPR $78.16 current versus $565.40 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at IIPR's multiple
Implied fair value · at ALGT's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ALGT FY 2025 (ended Dec 31, 2025) · IIPR FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 54% equity / 46% debt · EV / Revenue 1.21x · EV / EBITDA 13.32x
Capital structure 80% equity / 20% debt · EV / Revenue 7.23x · EV / EBITDA 9.22x
ALGT carries the larger enterprise value at $3.15B against $1.92B; ALGT trades on the lower EV / Revenue multiple (1.21x vs 7.23x); IIPR on the lower EV / EBITDA (9.22x vs 13.32x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Allegiant Travel Co · implied price per share
Bear
-$52.81
Base
-$52.25
Bull
-$51.53
Innovative Industrial Properties, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.73x
0.21x
Net debt / EBITDA
Leverage against operating earnings
4.28x
1.66x
Cash and equivalents
Liquid reserves on the balance sheet
$805.66M
$47.60M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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