Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ALK stock price vs BKH: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BKH's multiple
Needs BKH P/E.
Implied fair value · at ALK's multiple
Needs ALK P/E.
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: ALK FY 2025 (ended Dec 31, 2025) · BKH FY 2025 (ended Dec 31, 2025).
Trendline
Nine fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 45% equity / 55% debt · EV / Revenue 0.70x · EV / EBITDA 19.59x
Capital structure 54% equity / 46% debt · EV / Revenue 4.37x · EV / EBITDA 13.78x
BKH carries the larger enterprise value at $10.10B against $9.91B; ALK trades on the lower EV / Revenue multiple (0.70x vs 4.37x); BKH on the lower EV / EBITDA (13.78x vs 19.59x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ALASKA AIR GROUP, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Black Hills Corporation · implied price per share
Latest annual free cash flow must be positive to qualify 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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.42x
1.23x
Net debt / EBITDA
Leverage against operating earnings
10.32x
6.16x
Cash and equivalents
Liquid reserves on the balance sheet
$627.00M
$182.80M
Total debt
Interest-bearing obligations outstanding
$5.85B
$4.70B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
DELTA AIR LINES, INC.
ALK vs DAL
American Airlines Group Inc.
ALK vs AAL
SOUTHWEST AIRLINES CO
ALK vs LUV
JETBLUE AIRWAYS CORP
ALK vs JBLU
Allegiant Travel CO
ALK vs ALGT
ALLETE INC
ALK vs ALE
IDACORP INC
ALK vs IDA
NISOURCE INC.
ALK vs NI
PINNACLE WEST CAPITAL CORP
ALK vs PNW
Duke Energy CORP
ALK vs DUK
Evergy, Inc.
ALK vs EVRG
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.
