Alaska Air Group, Inc.
—- Market cap
- —
- Debt
- +$5.85B
- Cash
- −$1.90B
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $71.35B · View financials
Decision snapshot: ALK stock price vs GM: inconclusive — current versus $20.64 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at GM's multiple
Implied fair value · at ALK's multiple
Needs ALK P/E.
As of 2025-12-31
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ALK FY 2025 (ended Dec 31, 2025) · GM 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 32% equity / 68% debt · EV / Revenue 1.07x · EV / EBITDA 10.49x
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
ALASKA AIR GROUP, INC. · implied price per share
Bear
-$37.09
Base
-$43.63
Bull
-$50.18
GENERAL MOTORS COMPANY · implied price per share
Bear
-$32.48
Base
-$38.21
Bull
-$43.94
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
1.42x
2.51x
Net debt / EBITDA
Leverage against operating earnings
6.30x
6.71x
Cash and equivalents
Liquid reserves on the balance sheet
$1.90B
$26.91B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$5.85B
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