Company / Working Capital
Alaska Air Group Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$3.3B
FY2025
5-year range
-$3.3B / -$71.0M
FY2021-FY2025
Trend
-39.3%
vs FY2024
Sector context
#342 of 346
Industrials
What the data says
Among 346 Industrials companies, Alaska Air Group is in the bottom 1% for working capital. Working Capital has declined for 4 consecutive years, from -$71M in FY2021 to -$3.3B in FY2025.
Based on SEC 10-K filings.
-$3.3B in FY2025.
Declined from -$1.8B to -$3.3B over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in IndustrialsTop 99% of 346This company -$3.3B Sector average $689.5M
▼
-582.0% below sector average
Key checks
Key Insights
- Alaska Air Group's working capital has declined for 4 consecutive years.
- In FY2025, working capital decreased 39.3% year-over-year.
- Ranks #342 out of 346 companies in the Industrials sector.
- Peak working capital was recorded in FY2021.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$3.3B | -39.3% |
| FY2024 | -$2.4B | -36.0% |
| FY2023 | -$1.8B | -20.7% |
| FY2022 | -$1.5B | -1946.5% |
| FY2021 | -$71.0M | +75.3% |
| FY2020 | -$287.0M | +75.3% |
| FY2019 | -$1.2B | -0.8% |
| FY2018 | -$1.2B | -116.3% |
| FY2017 | -$534.0M | -10.1% |
| FY2016 | -$485.0M | -241.5% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026