Is the business good?
How good a business is ALGT?
Allegiant Travel Company earns 3.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
3.2%
Return on invested capital · cost of capital 9.0% · 5.8 points below what the capital costs: growth destroys value
- Operating margin
- 4.9%
Operating margin · Airlines median 6.3% · 12 months to Q2 2026
- Cash conversion
- 3.97×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +27%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −28% |
| FY2021 | 15% |
| FY2022 | 4.0% |
| FY2023 | 8.8% |
| FY2024 | −9.6% |
| FY2025 | 1.4% |
Details›
- Operating margin12 months to Q2 2026
- 4.9%
- Net margin12 months to Q2 2026
- 0.90%
- Free cash flow margin
- 3.6%
- Revenue, trailing twelve months
- $2.89B
- Free cash flow, trailing twelve months
- $103M
- Net income, trailing twelve months
- $26M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 3.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.