Comparison

ALASKA AIR GROUP, INC. (ALK) vs DELTA AIR LINES, INC. (DAL)

The same filed metrics for both companies, side by side.

What each names as a risk in its own annual report, how each is priced against its own history, and the tracked managers whose latest 13F reports a position in both.

Financials

ALK

ALASKA AIR GROUP, INC.

Airlines

Revenue, FY25: $14.24B
Net income: $100M
Operating cash flow: $1.25B
Free cash flow: -
Net margin: 0.70%
Operating margin: 2.13%
Gross margin: -

DAL

DELTA AIR LINES, INC.

Airlines

Revenue, FY25: $63.36B
Net income: $5.01B
Operating cash flow: $8.34B
Free cash flow: $3.84B
Net margin: 7.90%
Operating margin: 9.19%
Gross margin: -

Head-to-head

Filed growth, quality and valuation, read against each company’s own history rather than against the other side.

Metric	ALK	DAL
Revenue growth, latest filed year	+21.34%	+2.79%
Piotroski F-score	5 of 8	6 of 8
P/E against its own history	-	15.57% above

What each says it is exposed to

From Item 1A of each company’s most recent 10-K.

ALK

Goodwill impairment
Labour
Cybersecurity
Debt covenants
Litigation
Climate

And 9 more.

DAL

Labour
Debt covenants
Climate
Cybersecurity
Energy prices
Key people

And 7 more.

Tracked managers holding both

Joel Greenblatt Gotham Asset Management 0.07% · 0.18%

Updated Aug 4, 2026 · the newer of the two companies' filings