Company / Operating Margin
Alaska Air Group Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
2.1%
FY2025
5-year range
0.7% / 12.1%
FY2021-FY2025
Trend
-56.2%
vs FY2024
Sector context
#239 of 304
Industrials
What the data says
Alaska Air Group's operating margin of 2.1% is lower than 79% of companies in the Industrials sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 0.7% in FY2022 to 22.0% in FY2016.
Based on SEC 10-K filings.
2.1% in FY2025 with a 5-year CAGR of -5.6%.
Declined from 3.8% to 2.1% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +1.4pp
- 5-Year Change
- -5.6pp
- 10-Year Change
- -
Sector benchmark
Bottom 21% in IndustrialsTop 79% of 304This company 2.1% Sector average -843.0%
▼
+100.3% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 56.2% year-over-year.
- Currently 845.1pp above the Industrials sector average.
- Peak operating margin was recorded in FY2016.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.94 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 2.1% | -56.2% |
| FY2024 | 4.9% | +28.6% |
| FY2023 | 3.8% | +417.8% |
| FY2022 | 0.7% | -94.0% |
| FY2021 | 12.1% | +55.7% |
| FY2020 | 7.8% | -35.8% |
| FY2019 | 12.1% | +55.7% |
| FY2018 | 7.8% | -49.2% |
| FY2017 | 15.3% | -30.6% |
| FY2016 | 22.0% | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026