Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. ALGT Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Allegiant Travel (ALGT)

Market Price (9/18/2025): $62.01 | Market Cap: $1.1 Bil
Sector: Industrials | Industry: Passenger Airlines

Allegiant Travel (ALGT)

Market Price (9/18/2025): $62.01
Market Cap: $1.1 Bil
Sector: Industrials
Industry: Passenger Airlines

Investment Highlights

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%		 Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -97%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 107%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%		 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%		 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%
2 Attractive yield
FCF Yield is 9.1%		  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -43%
2 Attractive yield
FCF Yield is 9.1%
3 Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -97%
4 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 107%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -30%

Market Valuation

 9/18/252024202320222021
Share Price CYE$62.01$94.12$81.12$65.72$180.78
Market Cap CYE ($ Bil)1.11.71.51.23.2
Total Debt ($ Bil)2.02.12.42.21.9
Total Cash ($ Bil)0.80.80.81.01.2
Enterprise Value ($ Bil)2.33.83.93.45.1
Valuation Ratios     
P/S TTM0.40.70.60.51.9
P/EBIT TTM-4.4-8.55.511.312.1
P/E TTM-3.9-7.012.6489.821.2
Sector Ratios     
P/S TTM (Sector)1.71.41.41.11.6
P/EBIT TTM (Sector)11.310.210.08.312.1
P/E TTM (Sector)16.613.713.911.215.6
 9/18/2520242023
Share Price CYE$62.01$94.12$81.12
Market Cap CYE ($ Bil)1.11.71.5
Total Debt ($ Bil)2.02.12.4
Total Cash ($ Bil)0.80.80.8
Enterprise Value ($ Bil)2.33.83.9
Valuation Ratios   
P/S TTM0.40.70.6
P/EBIT TTM-4.4-8.55.5
P/E TTM-3.9-7.012.6
Sector Ratios   
P/S TTM (Sector)1.71.41.4
P/EBIT TTM (Sector)11.310.210.0
P/E TTM (Sector)16.613.713.9

Market Cap Chart

Business Description

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 14, 2022, it operated a fleet of 110 Airbus A320 series aircraft. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ALGT Return9%-1%-64%23%16%-34%-61%
Peers Return-31%-3%-33%44%68%-6%3%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SKYW, JBLU, DAL, UAL, LUV. See ALGT Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Allegiant Travel (ALGT)

 ALGTBetter Performance than ALGT
MetricValueIndustry (Passenger Airlines)
Rev Chg LTM3.2%UAL (4.2%), AL (6.2%), ALK (27.8%), SKYW (20.5%), ULCC (4.6%)
Rev Chg 3Y Avg7.7%DAL (14.7%), UAL (18.8%), LUV (9.3%), AAL (10.8%), AL (8.1%)
Op Mgn LTM6.2%DAL (9.3%), UAL (9.3%), AL (21.2%), CPA (22.1%), SKYW (15.2%)
CFO/Rev LTM14.9%UAL (16.6%), AL (61.0%), CPA (29.1%), SKYW (20.8%), RJET (16.4%)
FCF/Rev LTM3.9%UAL (7.0%), CPA (29.1%), SKYW (6.6%), SNCY (12.0%), RJET (10.2%)
Total Yield-25.6%DAL (12.3%), UAL (9.7%), LUV (4.7%), AAL (6.9%), AL (15.1%)
 ALGTBetter Performance than ALGT
MetricValueAll Other Sectors
Rev Chg LTM3.2%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg7.7%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM6.2%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM14.9%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM3.9%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield-25.6%NVDA (2.1%), MSFT (3.3%), AAPL (3.2%), GOOGL (4.1%), AMZN (2.9%)

Latest Trefis Analyses

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Allegiant Travel

Financials

ALGTSKYWJBLUDALUALLUVMedian
NameAllegian.SkyWest JetBlue .Delta Ai.United A.Southwes. 
Mkt Price62.06103.635.0758.82105.5132.1260.44
Mkt Cap1.14.21.838.234.217.310.7
Rev LTM2,5783,8419,13861,92457,98627,47218,305
Op Inc LTM160585-1385,7855,404318452
FCF LTM102253-1,2452,3324,044-273178
FCF 3Y Avg-38290-1,0941,4141,670-1,171126
CFO LTM385798-477,4039,6491,8501,324
CFO 3Y Avg3737072086,9278,0611,9001,303

Growth & Margins

ALGTSKYWJBLUDALUALLUVMedian
NameAllegian.SkyWest JetBlue .Delta Ai.United A.Southwes. 
Rev Chg LTM3.2%20.5%-1.9%3.0%4.2%1.6%3.1%
Rev Chg 3Y Avg7.7%8.5%5.4%14.7%18.8%9.3%8.9%
Rev Chg Q3.5%19.4%-3.0%-0.1%1.7%-1.5%0.8%
QoQ Delta Rev Chg LTM0.9%4.6%-0.8%-0.0%0.4%-0.4%0.2%
Op Mgn LTM6.2%15.2%-1.5%9.3%9.3%1.2%7.8%
Op Mgn 3Y Avg7.7%9.0%-0.2%9.5%9.5%0.7%8.3%
QoQ Delta Op Mgn LTM-0.2%0.7%-0.3%-0.3%-0.4%-0.6%-0.3%
CFO/Rev LTM14.9%20.8%-0.5%12.0%16.6%6.7%13.5%
CFO/Rev 3Y Avg14.8%21.4%2.1%11.7%14.7%7.3%13.2%
FCF/Rev LTM3.9%6.6%-13.6%3.8%7.0%-1.0%3.9%
FCF/Rev 3Y Avg-1.6%8.8%-11.8%2.3%3.0%-4.5%0.4%

Valuation

ALGTSKYWJBLUDALUALLUVMedian
NameAllegian.SkyWest JetBlue .Delta Ai.United A.Southwes. 
Mkt Cap1.14.21.838.234.217.310.7
P/S0.41.10.20.60.60.60.6
P/EBIT-4.46.5261.76.06.125.96.3
P/E-3.910.3-4.78.510.444.19.4
P/CFO2.95.3-39.05.23.59.34.4
Total Yield-25.6%9.7%-21.1%12.3%9.7%4.7%7.2%
Dividend Yield0.0%0.0%0.0%0.5%0.0%2.5%0.0%
FCF Yield 3Y Avg-2.6%9.4%-58.1%4.5%6.8%-6.2%1.0%
D/E1.80.65.10.61.00.30.8
Net D/E1.10.43.50.50.50.10.5

Returns

ALGTSKYWJBLUDALUALLUVMedian
NameAllegian.SkyWest JetBlue .Delta Ai.United A.Southwes. 
1M Rtn8.2%-11.8%-2.1%-3.7%3.1%3.2%0.5%
3M Rtn21.4%7.0%23.7%24.1%42.0%3.7%22.5%
6M Rtn10.9%14.6%-10.4%24.0%41.8%-3.3%12.7%
12M Rtn46.8%31.4%-11.8%27.5%100.4%15.5%29.4%
3Y Rtn-29.5%482.2%-36.0%87.7%181.5%-1.0%43.3%
1M Excs Rtn5.8%-14.1%-4.5%-6.1%0.7%0.8%-1.9%
3M Excs Rtn8.4%-2.9%10.1%14.4%32.9%-7.0%9.3%
6M Excs Rtn0.8%1.8%-26.0%11.4%30.3%-17.3%1.3%
12M Excs Rtn32.0%15.1%-32.0%14.4%92.8%-2.8%14.8%
3Y Excs Rtn-97.4%345.2%-100.1%21.3%108.4%-71.9%-25.3%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/6/20255/7/20253/3/202511/5/20248/6/20245/9/20242/29/202411/8/20238/7/20235/8/20232/27/202311/3/2022
Key Financials Quarterly            
Total Revenue689699628562666656611565684650612560
Ebitda11140-1904811191815019916015024
Operating Income506364-185329191512293884
Net Income-6532-216-3714-1-2-25885652-46
EPS-3.621.74-12.00-2.050.75-0.07-0.13-1.444.803.092.87-2.58
Key Financials TTM            
Total Revenue TTM2,5782,5552,5132,4962,4992,5172,5102,5102,5052,4512,3022,187
Ebitda TTM910961332334422490559533411306236
Operating Income TTM1601631288311618525031930821212682
Net Income TTM-286-207-240-26-1461118172151672-39
Growth Rates Quarterly            
Total Revenue Growth3.5%6.5%2.7%-0.6%-2.6%1.0%-0.1%0.9%8.6%29.9%23.1%22.0%
EBITDA Growth-90.0%52.5%-333.4%-5.2%-44.1%-42.7%-45.8%110.4%157.2%193.7%85.6%-78.8%
Operating Income Growth-4.9%122.3%230.2%-218.9%-56.6%-69.4%-78.0%249.0%365.2%1164.6%99.0%-93.6%
Net Income Growth-575.7%3593.1%-10954.7%-46.8%-84.5%-101.6%-103.7%46.0%1930.0%812.5%390.3%-218.4%
Margins Quarterly            
EBITDA Margin1.6%20.0%-30.2%8.5%16.7%13.9%13.3%8.9%29.1%24.6%24.5%4.3%
Operating Income Margin7.3%9.1%10.2%-3.1%8.0%4.3%3.2%2.6%17.9%14.3%14.5%0.8%
Net Income Margin-9.5%4.6%-34.4%-6.5%2.1%-0.1%-0.3%-4.4%12.9%8.6%8.6%-8.3%
Cash & Debt            
Total Cash8438797817597928108159359771,0089551,002
Total Debt2,0342,0912,1502,2772,3132,3482,3632,3942,2712,2162,2122,112
Net Debt / (Cash)1,1911,2131,3681,5171,5211,5381,5481,4591,2941,2081,2571,111
Cash Flows Quarterly            
FCF from Operations92191841769168542313121581-6
Cash Flows TTM            
FCF from Operations TTM385362338308313375423451422342303386
Returns to Shareholders Quarterly            
Dividends00-00111111110000
Share Repurchases011123013131230-0
Return on Invested Capital (ROIC) Quarterly            
ROIC12.5%16.0%14.4%-3.9%10.6%5.1%5.0%3.4%28.7%23.3%22.4%1.3%
Return on Invested Capital (ROIC) TTM            
ROIC TTM10.4%10.5%7.3%5.0%7.2%8.7%11.9%16.6%17.9%13.0%5.1%6.4%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Airline2,5072,3021,7089771,822
Sunseeker30012
Other non- airline   1216
Total2,5102,3021,7089901,841


Operating Income by Segment
$ Mil20242023202220212020
Airline251137271-105389
Sunseeker-30-45-8-146-7
Other non- airline   -31-18
Total22192263-281364


Assets by Segment
$ Mil20242023202220212020
Airline4,2014,047 3,2152,830
Sunseeker656464 37133
Other non- airline   847
Total4,8574,511 3,2593,011


Price Behavior

ALGT Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta4.144.034.092.081.791.63
Up Beta4.305.475.591.992.011.75
Down Beta2.782.793.431.701.681.52
Up Capture585%352%363%314%264%321%
Bmk +ve Days10223571142415
Stock +ve Days10182855127363
Down Capture305%370%378%189%127%108%
Bmk -ve Days11192754106334
Stock -ve Days11233470120386

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity1,897,701
Short Interest: % Change Since 815202510.4%
Average Daily Volume344,280
Days-to-Cover Short Interest5.51
Basic Shares Quantity17,995,000
Short % of Basic Shares10.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/4/20250.6%0.9%35.5%
5/6/20253.7%18.1%11.1%
2/4/2025-15.3%-13.6%-36.7%
10/30/20243.3%17.3%30.0%
7/31/2024-11.1%-30.2%-24.3%
5/7/2024-1.5%10.0%-0.3%
2/5/20247.4%8.3%3.0%
11/2/2023-2.3%-7.5%9.3%
...
SUMMARY STATS   
# Positive151612
# Negative8711
Median Positive4.0%7.8%19.1%
Median Negative-2.4%-7.8%-6.2%
Max Positive21.2%18.1%46.1%
Max Negative-15.3%-30.2%-36.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024303202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023807202310-Q 6/30/2023
3312023508202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021301202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0ELLMER GARY 8132025Sell49.002,00098,000269,010Form
1Morgan Sandra Douglass 5012025Sell45.7035015,995516,410Form
2Wilper Keny FrankCOO (former)4082025Sell41.4127811,512659,164Form
3Morgan Sandra Douglass 11272024Sell80.7735028,270940,970Form
4GALLAGHER MAURICE J JRExecutive Chairman11272024Sell84.1621,4431,804,579181,325,177Form

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