Alaska Air Group, Inc.
$9.91B- Market cap
- $4.69B
- Debt
- +$5.85B
- Cash
- −$627.00M
Capital structure 45% equity / 55% debt · EV / Revenue 0.70x · EV / EBITDA 19.59x
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 MU: 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 MU's multiple
Needs MU 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 lag
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) · MU FY 2025 (ended Aug 28, 2025). Fiscal years are not aligned.
Trendline
Five 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 99% equity / 1% debt · EV / Revenue 30.85x · EV / EBITDA 62.56x
MU carries the larger enterprise value at $1.15T against $9.91B; ALK trades on the lower EV / Revenue multiple (0.70x vs 30.85x); ALK on the lower EV / EBITDA (19.59x vs 62.56x).
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.
Micron Technology, Inc. · implied price per share
Bear
$0.17
Base
$1.06
Bull
$2.25
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
0.27x
Net debt / EBITDA
Leverage against operating earnings
10.32x
0.27x
Cash and equivalents
Liquid reserves on the balance sheet
$627.00M
$9.64B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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