Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Allegiant Travel Co.ALGT · other | |
|---|---|
| Grade |  D/Eon the D/E boundary of 336 graded peers; percentile 81.2, sampling error 2.6 points; lower is stronger |
| Rank | 273 of 336 |
| Profitability | Cpercentile 54.0 |
| Solvency | Dpercentile 62.8 |
| Growth and financing | Dpercentile 63.6 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $4.2B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none active |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Mar 26, 2026197 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $76.432026-10-08; market equity $2.1B; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 26, 2026; the document on sec.gov.
We are a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the United States. Our vision is to be the leading airline in the communities we serve, offering reliable, nonstop travel at unbeatable value. We were founded in 1997 and, in conjunction with our initial public offering in 2006, we incorporated in the state of Nevada. Our unique business model provides diversified revenue streams from various travel services and product offerings which distinguish us from other travel companies.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 54.0 | |||||||
| Gross profitability | not computable | 27.1% | |||||
| one or more required annual facts are missing | |||||||
| Return on invested capital | 1.2% | [3-11] | 10.0% | 82.0 | 151 | 2025-12-31 | |
| Accruals ratio | (10.1%) | [1,12-14] | (5.9%) | 25.9 | 506 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.2 pts | |||||
| five annual gross margins are required; found 0 | |||||||
| Solvency, sleeve percentile 62.8 | |||||||
| Twelve-month failure probability | 0.07% | 0.04% | 72.7 | 45 | 2026-06-30 | ||
| Altman Z double-prime | 1.07 | [1,3,7,15-18] | 2.05 | 50.6 | 386 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.52x | |||||
| one or more required annual facts are missing | |||||||
| Interest coverage | 0.25x | [3,19] | 2.18x | 60.9 | 88 | 2025-12-31 | |
| Current ratio | 0.95x | [15-16] | 1.32x | 66.7 | 506 | 2025-12-31 | |
| Growth and financing, sleeve percentile 63.6 | |||||||
| Revenue growth, three-year compound | 2.8% | [2,20-22] | 5.1% | 57.0 | 403 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.7% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 11.9% | |||||
| one or more required annual facts are missing | |||||||
| Asset growth, three years | (2.3%) | [1,14,23-24] | 4.1% | 75.1 | 438 | 2025-12-31 | |
| Net share issuance, one year | 0.6% | [25-26] | (0.4%) | 58.9 | 356 | 2026-02-20 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.210; sampling error 2.6 percentile points on 336 peers.
Among 336 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 268 | Outdoor Holding Co. (POWWP) Outdoor Holding Co. (POWWP) D/Eon the D/E boundary; percentile 79.6 Nasdaq · Services-Business Services, NEC last close $24.46 Warnings: late filer; 7 of 14 inputs | 79.6 | D/E | late filer |
| 269 | Universal Logistics Holdings, Inc. (ULH) Universal Logistics Holdings, Inc. (ULH) D/Eon the D/E boundary; percentile 80.0 Nasdaq · Trucking (No Local) market equity $457.7M; last close $17.40 No active warnings; 8 of 14 inputs | 80.0 | D/E | |
| 270 | McEwen Inc. (MUX) McEwen Inc. (MUX) D/Eon the D/E boundary; percentile 80.3 NYSE · Gold and Silver Ores market equity $1.1B; last close $17.32 Warnings: late filer; 10 of 14 inputs | 80.3 | D/E | late filer |
| 271 | Skywest Inc. (SKYW) Skywest Inc. (SKYW) D/Eon the D/E boundary; percentile 80.6 Nasdaq · Air Transportation, Scheduled market equity $3.8B; last close $96.76 No active warnings; 7 of 14 inputs | 80.6 | D/E | |
| 272 | Beazer Homes USA Inc. (BZH) Beazer Homes USA Inc. (BZH) D/Eon the D/E boundary; percentile 80.9 NYSE · Operative Builders market equity $891.4M; last close $33.45 No active warnings; 8 of 14 inputs | 80.9 | D/E | |
| 273 | Allegiant Travel Co. (ALGT) Allegiant Travel Co. (ALGT) D/Eon the D/E boundary; percentile 81.2 Nasdaq · Air Transportation, Scheduled market equity $2.1B; last close $76.43 No active warnings; 9 of 14 inputs | 81.2 | D/E | |
| 274 | Atlas Lithium Corp. (ATLX) Atlas Lithium Corp. (ATLX) D/Eon the D/E boundary; percentile 81.5 Nasdaq · Mining & Quarrying of Nonmetallic Minerals (No Fuels) market equity $69.4M; last close $2.31 Warnings: dilution; 7 of 14 inputs | 81.5 | D/E | dilution |
| 275 | Maxcyte, Inc. (MXCT) Maxcyte, Inc. (MXCT) D/Eon the D/E boundary; percentile 81.8 Nasdaq · Services-Commercial Physical & Biological Research market equity $105.3M; last close $1.01 No active warnings; 9 of 14 inputs | 81.8 | D/E | |
| 276 | Omnicom Group Inc. (OMC) Omnicom Group Inc. (OMC) D/Eon the D/E boundary; percentile 82.1 NYSE · Services-Advertising Agencies market equity $21.8B; last close $76.44 Warnings: dilution; 10 of 14 inputs | 82.1 | D/E | dilution |
| 277 | Uranium Energy Corp. (UEC) Uranium Energy Corp. (UEC) D/Eon the D/E boundary; percentile 82.4 NYSE · Miscellaneous Metal Ores market equity $4.5B; last close $9.15 Warnings: fortress balance sheet; 9 of 14 inputs | 82.4 | D/E | fortress balance sheet |
| 278 | Seacor Marine Holdings Inc. (SMHI) Seacor Marine Holdings Inc. (SMHI) Eweakest fifth; percentile 82.7 NYSE · Deep Sea Foreign Transportation of Freight market equity $234.7M; last close $8.64 No active warnings; 8 of 14 inputs | 82.7 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | D | 73.5 | 2204 |
| sector peers, equal sleeves (the grade) | D/E | 81.2 | 336 |
| same exchange, equal sleeves | D | 64.5 | 1219 |
| sector peers, equal inputs | D/E | 81.8 | 336 |
Each letter is one fifth of the 336 graded peers, about 67 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 25.1% | 2.0% | 69 | hotter than 69 of 100 peers |
| Distance from 52-week high | (35.9%) | (26.8%) | 34 | closer to its high than 34 of 100 peers |
| EBIT to enterprise value | 0.9% | 4.4% | 21 | pricier than 79 of 100 peers |
| Free cash flow yield | 3.6% | 4.1% | 44 | pricier than 56 of 100 peers |
| Book value to price | 0.85 | 0.34 | 82 | pricier than 18 of 100 peers |
| Sales to price | 1.11 | 0.70 | 64 | pricier than 36 of 100 peers |
| Composite equity issuance, five years | 47.6% | (8.8%) | 91 | more equity-funded than 91 of 100 peers |
| Relative strength against the sector, log excess return | 0.08 | (0.13) | 69 | ahead of 69 of 100 peers |
Inputs: market equity $2.1B; EBIT $37.2M; free cash flow $75.1M; book equity $1.8B; sales $2.3B; debt $2.5B; cash $508.7M[27].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (1.0%) | ✗ fail[12,14] |
| Operating cash flow above zero | $389.8M | ✓ pass[13] |
| Return on assets improved | 3.9 pts | ✓ pass[12,14,23,28] |
| Operating cash flow exceeds net income | $434.5M | ✓ pass[12-13] |
| Long-term leverage fell | 4.2 pts | ✗ fail[1,14,23,29-30] |
| Current ratio improved | 17.4 pts | ✓ pass[15-16,31-32] |
| No new shares issued | 0.6% | ✗ fail[25-26] |
| Gross margin improved | n/a | |
| Asset turnover improved | 6.8 pts | ✓ pass[2,14,20,23] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $508.7M[33] |
| Operating cash flow, four quarters | $420.3M[13,33-37] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 60 |
| 10-Q received Aug 10, 2026 | |
| Median daily dollar volume | $39.8M |
| 63 sessions | |
| Days since newest grade input | 197 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $4.2B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 3 | operating income | us-gaap:OperatingIncomeLoss | $37.2M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 4 | pretax income | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | -$54.9M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 5 | income tax | us-gaap:IncomeTaxExpenseBenefit | -$10.2M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $1.7B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 7 | book equity | us-gaap:StockholdersEquity | $1.1B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 8 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $172.7M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 9 | total debt | us-gaap:LongTermDebtAndCapitalLeaseObligations | $1.6B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 10 | book equity | us-gaap:StockholdersEquity | $1.1B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 11 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $285.9M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 12 | net income | us-gaap:NetIncomeLoss | -$44.7M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 13 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $389.8M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 14 | assets | us-gaap:Assets | $4.4B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $967.7M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $1.0B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | $958.6M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 18 | liabilities | us-gaap:Liabilities | $3.2B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 19 | interest expense | us-gaap:InterestExpense | $150.2M | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 20 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.2B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 21 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.3B | 2023-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 22 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $2.1B | 2022-12-31 | 2025-03-03 | 10-K | filing · viewer · series |
| 23 | assets | us-gaap:Assets | $4.9B | 2023-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 24 | assets | us-gaap:Assets | $4.5B | 2022-12-31 | 2025-03-03 | 10-K | filing · viewer · series |
| 25 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 18,452,294 | 2026-02-20 | 2026-03-26 | 10-K/A | filing · viewer · series |
| 26 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 18,338,274 | 2025-02-18 | 2025-03-03 | 10-K | filing · viewer · series |
| 27 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 27,337,755 | 2026-07-31 | 2026-08-10 | 10-Q | filing · viewer · series |
| 28 | net income | us-gaap:NetIncomeLoss | -$240.2M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.7B | 2025-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 30 | long term debt | us-gaap:LongTermDebtNoncurrent | $1.6B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 31 | current assets | us-gaap:AssetsCurrent | $991.6M | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 32 | current liabilities | us-gaap:LiabilitiesCurrent | $1.3B | 2024-12-31 | 2026-02-26 | 10-K | filing · viewer · series |
| 33 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $508.7M | 2026-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $314.1M | 2026-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $268.1M | 2026-03-31 | 2026-05-06 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $277.6M | 2025-09-30 | 2025-11-06 | 10-Q | filing · viewer · series |
| 37 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $283.6M | 2025-06-30 | 2026-08-10 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 81.2 is 1.2 points from the nearest band edge; sampling error is 2.6 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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