Alaska Air Group, Inc. ALK NYSE

Alaska Air Group, Inc. (ALK) generated $1.25B in operating cash flow for fiscal year 2025. After capital expenditures of $1.59B, free cash flow was $-339M.

Free cash flow margin was -2.4% of revenue. Cash conversion ratio was 12.49x, indicating earnings are backed by cash.

The company returned $570M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (78/100, Pass) — $-339M (-2.4% FCF margin) supports a durable competitive advantage
• INCOME (30/100) — Cash conversion ratio was 12.49x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 67/100 with 5/7 criteria passed.