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 13.34x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ALGT stock price at discount vs MORN $78.31 current versus $297.14 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 MORN's multiple
Implied fair value · at ALGT's multiple
Snapshot Sep 8, 10:39 AM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
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) · MORN 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 13.34x
Capital structure 88% equity / 12% debt · EV / Revenue 3.34x · EV / EBITDA 11.30x
MORN carries the larger enterprise value at $8.17B against $3.15B; ALGT trades on the lower EV / Revenue multiple (1.21x vs 3.34x); MORN on the lower EV / EBITDA (11.30x vs 13.34x).
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
MORNINGSTAR, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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
0.88x
Net debt / EBITDA
Leverage against operating earnings
4.28x
0.75x
Cash and equivalents
Liquid reserves on the balance sheet
$805.66M
$528.70M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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