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.
Decision snapshot: ALK stock price at premium vs SMCI $42.04 current versus $10.08 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 SMCI's multiple
Implied fair value · at ALK's multiple
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
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ALK FY 2025 (ended Dec 31, 2025) · SMCI FY 2026 (ended Jun 30, 2026). Fiscal years are not aligned.
Trendline
Six 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 68% equity / 32% debt · EV / Revenue 0.78x · EV / EBITDA 10.43x
SMCI carries the larger enterprise value at $30.58B against $9.91B; ALK trades on the lower EV / Revenue multiple (0.70x vs 0.78x); SMCI on the lower EV / EBITDA (10.43x 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.
Super Micro Computer, Inc. · 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.
Debt / equity
Total debt against shareholders' equity
1.42x
0.84x
Net debt / EBITDA
Leverage against operating earnings
10.32x
1.56x
Cash and equivalents
Liquid reserves on the balance sheet
$627.00M
$7.54B
Total debt
Interest-bearing obligations outstanding
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
NVIDIA CORP
ALK vs NVDA
INTEL CORP
ALK vs INTC
CISCO SYSTEMS, INC.
ALK vs CSCO
ADVANCED MICRO DEVICES INC
ALK vs AMD
$5.85B
$12.11B
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.