Alaska Air Group Inc
Alaska Air Group, Inc., through its subsidiaries, operates airlines. It operates through three segments: Alaska Airlines, Hawaiian Airlines, and Regional. The company offers scheduled air transportation services on Boeing jet aircraft for passengers and cargo in the United States, and in parts of Canada, Mexico, Costa Rica, Belize, Guatemala, and the Bahamas; and for passengers across a shorter d… Read more
Alaska Air Group Inc (ALK) - Net Assets
Latest net assets as of December 2025: $4.12 Billion USD
Based on the latest financial reports, Alaska Air Group Inc (ALK) has net assets worth $4.12 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($20.36 Billion) and total liabilities ($16.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.12 Billion |
| % of Total Assets | 20.22% |
| Annual Growth Rate | 8.44% |
| 5-Year Change | 8.34% |
| 10-Year Change | 40.5% |
| Growth Volatility | 23.21 |
Alaska Air Group Inc - Net Assets Trend (1985–2025)
This chart illustrates how Alaska Air Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Alaska Air Group Inc (1985–2025)
The table below shows the annual net assets of Alaska Air Group Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.12 Billion | -5.81% |
| 2024-12-31 | $4.37 Billion | +6.30% |
| 2023-12-31 | $4.11 Billion | +7.78% |
| 2022-12-31 | $3.82 Billion | +0.39% |
| 2021-12-31 | $3.80 Billion | +27.21% |
| 2020-12-31 | $2.99 Billion | -31.01% |
| 2019-12-31 | $4.33 Billion | +15.46% |
| 2018-12-31 | $3.75 Billion | +8.41% |
| 2017-12-31 | $3.46 Billion | +18.05% |
| 2016-12-31 | $2.93 Billion | +21.57% |
| 2015-12-31 | $2.41 Billion | +13.35% |
| 2014-12-31 | $2.13 Billion | +4.83% |
| 2013-12-31 | $2.03 Billion | +42.79% |
| 2012-12-31 | $1.42 Billion | +21.77% |
| 2011-12-31 | $1.17 Billion | +5.61% |
| 2010-12-31 | $1.10 Billion | +26.72% |
| 2009-12-31 | $872.00 Million | +31.72% |
| 2008-12-31 | $662.00 Million | -35.35% |
| 2007-12-31 | $1.02 Billion | +15.64% |
| 2006-12-31 | $885.50 Million | +7.00% |
| 2005-12-31 | $827.60 Million | +24.49% |
| 2004-12-31 | $664.80 Million | -1.39% |
| 2003-12-31 | $674.20 Million | +2.82% |
| 2002-12-31 | $655.70 Million | -20.07% |
| 2001-12-31 | $820.30 Million | -4.87% |
| 2000-12-31 | $862.30 Million | -7.35% |
| 1999-12-31 | $930.70 Million | +17.88% |
| 1998-12-31 | $789.50 Million | +66.11% |
| 1997-12-31 | $475.30 Million | +74.42% |
| 1996-12-31 | $272.50 Million | +28.24% |
| 1995-12-31 | $212.50 Million | +11.09% |
| 1994-12-31 | $191.28 Million | +14.68% |
| 1993-12-31 | $166.80 Million | -35.32% |
| 1992-12-31 | $257.90 Million | -25.31% |
| 1991-12-31 | $345.30 Million | +1.41% |
| 1990-12-31 | $340.50 Million | -0.41% |
| 1989-12-31 | $341.90 Million | +11.55% |
| 1988-12-31 | $306.50 Million | +12.85% |
| 1987-12-31 | $271.60 Million | +53.27% |
| 1986-12-31 | $177.20 Million | +10.06% |
| 1985-12-31 | $161.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Alaska Air Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6041.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.03 Billion | 122.15% |
| Common Stock | $1.00 Million | 0.02% |
| Other Comprehensive Income | $-173.00 Million | -4.20% |
| Total Equity | $4.12 Billion | 100.00% |
Alaska Air Group Inc Competitors by Market Cap
The table below lists competitors of Alaska Air Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SM Prime Holdings Inc
PINK:SPHXF
|
$4.48 Billion |
|
HDLMY
PINK:HDLMY
|
$4.48 Billion |
|
Korean Air Lines Co
KO:003490
|
$4.48 Billion |
|
Tele2 AB
PINK:TLTZY
|
$4.48 Billion |
|
MOL PLC
WAR:MOL
|
$4.48 Billion |
|
Amicus Therapeutics Inc
NASDAQ:FOLD
|
$4.48 Billion |
|
TPG INC CLASS A DL-001
F:B81
|
$4.47 Billion |
|
Abivax SA American Depositary Shares
NASDAQ:ABVX
|
$4.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alaska Air Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,372,000,000 to 4,118,000,000, a change of -254,000,000 (-5.8%).
- Net income of 100,000,000 contributed positively to equity growth.
- Share repurchases of 570,000,000 reduced equity.
- Other comprehensive income increased equity by 66,000,000.
- Other factors increased equity by 150,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $100.00 Million | +2.43% |
| Share Repurchases | $570.00 Million | -13.84% |
| Other Comprehensive Income | $66.00 Million | +1.6% |
| Other Changes | $150.00 Million | +3.64% |
| Total Change | $- | -5.81% |
Book Value vs Market Value Analysis
This analysis compares Alaska Air Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.55x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $2.88 | $38.95 | x |
| 1986-12-31 | $3.25 | $38.95 | x |
| 1987-12-31 | $4.34 | $38.95 | x |
| 1988-12-31 | $4.70 | $38.95 | x |
| 1989-12-31 | $5.00 | $38.95 | x |
| 1990-12-31 | $6.23 | $38.95 | x |
| 1991-12-31 | $6.47 | $38.95 | x |
| 1992-12-31 | $4.84 | $38.95 | x |
| 1993-12-31 | $3.13 | $38.95 | x |
| 1994-12-31 | $3.57 | $38.95 | x |
| 1995-12-31 | $3.84 | $38.95 | x |
| 1996-12-31 | $4.69 | $38.95 | x |
| 1997-12-31 | $5.79 | $38.95 | x |
| 1998-12-31 | $7.49 | $38.95 | x |
| 1999-12-31 | $8.78 | $38.95 | x |
| 2000-12-31 | $8.15 | $38.95 | x |
| 2001-12-31 | $7.74 | $38.95 | x |
| 2002-12-31 | $6.18 | $38.95 | x |
| 2003-12-31 | $6.31 | $38.95 | x |
| 2004-12-31 | $6.19 | $38.95 | x |
| 2005-12-31 | $6.17 | $38.95 | x |
| 2006-12-31 | $5.84 | $38.95 | x |
| 2007-12-31 | $6.33 | $38.95 | x |
| 2008-12-31 | $4.55 | $38.95 | x |
| 2009-12-31 | $6.03 | $38.95 | x |
| 2010-12-31 | $7.51 | $38.95 | x |
| 2011-12-31 | $7.95 | $38.95 | x |
| 2012-12-31 | $9.90 | $38.95 | x |
| 2013-12-31 | $14.30 | $38.95 | x |
| 2014-12-31 | $15.55 | $38.95 | x |
| 2015-12-31 | $18.64 | $38.95 | x |
| 2016-12-31 | $23.56 | $38.95 | x |
| 2017-12-31 | $27.94 | $38.95 | x |
| 2018-12-31 | $30.26 | $38.95 | x |
| 2019-12-31 | $34.85 | $38.95 | x |
| 2020-12-31 | $24.20 | $38.95 | x |
| 2021-12-31 | $29.98 | $38.95 | x |
| 2022-12-31 | $29.84 | $38.95 | x |
| 2023-12-31 | $31.96 | $38.95 | x |
| 2024-12-31 | $34.06 | $38.95 | x |
| 2025-12-31 | $35.09 | $38.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alaska Air Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.70%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 4.94x
- Recent ROE (2.43%) is below the historical average (6.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 16.09% | 5.98% | 0.81x | 3.34x | $9.80 Million |
| 1986 | 9.99% | 3.78% | 0.70x | 3.79x | $-20.00K |
| 1987 | 4.90% | 1.87% | 1.01x | 2.60x | $-13.86 Million |
| 1988 | 12.23% | 4.60% | 1.12x | 2.38x | $6.85 Million |
| 1989 | 12.55% | 4.68% | 1.05x | 2.56x | $8.71 Million |
| 1990 | 5.05% | 1.64% | 1.03x | 3.00x | $-16.85 Million |
| 1991 | 2.98% | 0.93% | 0.91x | 3.51x | $-24.23 Million |
| 1992 | -32.92% | -7.61% | 0.92x | 4.69x | $-110.69 Million |
| 1993 | -18.53% | -2.74% | 0.99x | 6.80x | $-47.58 Million |
| 1994 | 11.78% | 1.71% | 1.00x | 6.88x | $3.40 Million |
| 1995 | 8.14% | 1.22% | 1.08x | 6.18x | $-3.95 Million |
| 1996 | 13.94% | 2.39% | 1.21x | 4.81x | $10.75 Million |
| 1997 | 15.23% | 4.16% | 1.13x | 3.23x | $24.87 Million |
| 1998 | 15.76% | 6.56% | 1.10x | 2.19x | $45.45 Million |
| 1999 | 14.42% | 6.45% | 0.96x | 2.34x | $41.13 Million |
| 2000 | -8.15% | -3.23% | 0.83x | 3.05x | $-156.53 Million |
| 2001 | -4.82% | -1.85% | 0.73x | 3.58x | $-121.53 Million |
| 2002 | -18.09% | -5.33% | 0.77x | 4.39x | $-184.17 Million |
| 2003 | 2.00% | 0.55% | 0.75x | 4.83x | $-53.92 Million |
| 2004 | -2.30% | -0.56% | 0.82x | 5.02x | $-81.78 Million |
| 2005 | -0.71% | -0.20% | 0.78x | 4.58x | $-88.66 Million |
| 2006 | -5.94% | -1.58% | 0.82x | 4.60x | $-141.15 Million |
| 2007 | 12.21% | 3.57% | 0.78x | 4.39x | $22.60 Million |
| 2008 | -20.53% | -3.71% | 0.76x | 7.31x | $-202.10 Million |
| 2009 | 13.94% | 3.58% | 0.68x | 5.72x | $34.40 Million |
| 2010 | 22.72% | 6.55% | 0.76x | 4.54x | $140.60 Million |
| 2011 | 20.95% | 5.66% | 0.83x | 4.45x | $127.80 Million |
| 2012 | 22.24% | 6.79% | 0.85x | 3.87x | $173.90 Million |
| 2013 | 25.04% | 9.85% | 0.88x | 2.88x | $305.10 Million |
| 2014 | 28.44% | 11.27% | 0.87x | 2.91x | $392.30 Million |
| 2015 | 35.17% | 15.15% | 0.86x | 2.71x | $606.90 Million |
| 2016 | 27.19% | 13.44% | 0.59x | 3.40x | $503.90 Million |
| 2017 | 27.75% | 12.16% | 0.73x | 3.11x | $614.00 Million |
| 2018 | 11.65% | 5.29% | 0.76x | 2.91x | $61.90 Million |
| 2019 | 17.76% | 8.76% | 0.63x | 3.23x | $335.90 Million |
| 2020 | -44.31% | -37.13% | 0.25x | 4.70x | $-1.62 Billion |
| 2021 | 12.58% | 7.74% | 0.41x | 3.94x | $97.90 Million |
| 2022 | 1.52% | 0.60% | 0.63x | 4.02x | $-323.60 Million |
| 2023 | 5.71% | 2.25% | 0.66x | 3.85x | $-176.30 Million |
| 2024 | 9.03% | 3.37% | 0.59x | 4.52x | $-42.20 Million |
| 2025 | 2.43% | 0.70% | 0.70x | 4.94x | $-311.80 Million |
Industry Comparison
This section compares Alaska Air Group Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $93,541,954,724
- Average return on equity (ROE) among peers: 164.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alaska Air Group Inc (ALK) | $4.12 Billion | 16.09% | 3.94x | $4.48 Billion |
| American Airlines Group (AAL) | $-581.00 Million | 0.00% | 0.00x | $6.80 Billion |
| Air Canada (ACDVF) | $2.59 Billion | 24.86% | 11.05x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-730.83 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $-5.42 Billion | 0.00% | 0.00x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $277.88 Million | 24.44% | 1.61x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $935.30 Million | 1390.41% | 6.89x | $418.10 Million |
| Air China Limited (AICAF) | $49.50 Billion | 15.10% | 2.50x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $401.72 Million | 19.56% | 0.99x | $1.25 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |