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Alaska Air Group (HAM:ALK) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Alaska Air Group Net Margin % Related Terms
Alaska Air Group Net Margin % Historical Data
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The historical data trend for Alaska Air Group's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:ALK vs CPA, SKYW, ALGT: Net Margin % Comparison
For the Airlines subindustry, Alaska Air Group's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Alaska Air Group Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Alaska Air Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where Alaska Air Group's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Alaska Air Group (HAM:ALK) has a Net Margin % of -1.87% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Alaska Air Group and its competitors. According to the industry distribution chart, Alaska Air Group ranks #832 out of 1004 companies in the Transportation industry, placing it in the top 82.9%.
Is Alaska Air Group's Net Margin % too high?
Alaska Air Group's current Net Margin % is -1.87%. Based on the distribution chart, Alaska Air Group ranks #832 out of 1004 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alaska Air Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Alaska Air Group's Net Margin % compare to CPA and SKYW?
According to the Transportation industry distribution chart, Alaska Air Group ranks #832 out of 1004 companies for Net Margin %. This places Alaska Air Group in the lower half of its industry. The industry median Net Margin % is 4.87. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.87, based on 1,004 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Alaska Air Group and its competitors. For the Transportation industry, the median Net Margin % is 4.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alaska Air Group's current Net Margin % is -1.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alaska Air Group stock overvalued right now?
Alaska Air Group (HAM:ALK) has a current Net Margin % of -1.87%. The stock's GF Value™ is €51.10, compared to a current price of €40.69 — trading 20.4% below its estimated fair value. The current Net Margin % is -1.87%. Alaska Air Group's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Alaska Air Group (HAM:ALK), the current Net Margin % is -1.87% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Alaska Air Group (HAM:ALK) Overvalued in 2026?
Based on GuruFocus' analysis, Alaska Air Group stock appears to be undervalued.
The current stock price of €40.69 is trading 20.4% below its estimated GF Value™ of €51.10.
Key valuation signals for HAM:ALK:
Net Margin %: -1.87%
GF Value™: €51.10 vs. price of €40.69 (20.4% below fair value)
No single metric tells the full story. See the HAM:ALK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alaska Air Group Inc operates two airlines, Alaska and Horizon, in three operating segments. The Alaska Airlines segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements. The Hawaiian Airlines segment includes scheduled air transportation on Hawaiian's Boeing and Airbus aircraft for passengers and cargo. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary, and Mileage Plan passenger revenue.
81GF Score
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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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