AAL vs LTM
American Airlines Group Inc. and Latam Airlines Group S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AAL | LTM |
|---|---|---|
| Revenue | $54.6B | $14.3B |
| Net income | $111.0M | $1.5B |
| Gross margin | · | 29.2% |
| Net margin | 0.2% | 10.3% |
| Return on equity | · | 141.1% |
| Diluted EPS | $0.17 | $0.00 |
| Dividend / share | · | · |
| Payout ratio | · | 41.5% |
| Free cash flow | $-680.0M | $2.0B |
| Equity | $-3.7B | $1.3B |
| Net debt / equity | · | 4.41× |
| Current ratio | 0.50× | 0.60× |
| Revenue CAGR 5y | 25.8% | 29.5% |
| Profit CAGR 5y | · | · |
AAL bills 3.8× the revenue of LTM, and LTM keeps more of each dollar of revenue as profit (10.3% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AAL | LTM |
|---|---|---|
| FY2025 | $54.6B | $14.3B |
| FY2024 | $54.2B | $12.8B |
| FY2023 | $52.8B | $11.6B |
| FY2022 | $49.0B | $9.4B |
| FY2021 | $29.9B | $4.9B |
| FY2020 | $17.3B | $3.9B |
| FY2019 | $45.8B | $10.1B |
| FY2018 | $44.5B | $9.9B |
| FY2017 | $42.6B | $9.6B |
| FY2016 | $40.1B | $9.0B |
Bottom line
| Fiscal year | AAL | LTM |
|---|---|---|
| FY2025 | $111.0M | $1.5B |
| FY2024 | $846.0M | $977.0M |
| FY2023 | $822.0M | $581.8M |
| FY2022 | $127.0M | $1.3B |
| FY2021 | $-2.0B | $-4.6B |
| FY2020 | $-8.9B | $-4.5B |
| FY2019 | $1.7B | $190.4M |
| FY2018 | $1.4B | $309.8M |
| FY2017 | $1.3B | $108.9M |
| FY2016 | $2.6B | $69.2M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$40,367,944,000 | AAL |
| FY2024 | +$41,377,957,000 | AAL |
| FY2023 | +$41,147,459,000 | AAL |
| FY2022 | +$39,608,479,000 | AAL |
| FY2021 | +$24,997,985,000 | AAL |
| FY2020 | +$13,413,333,000 | AAL |
| FY2019 | +$35,697,937,000 | AAL |
| FY2018 | +$34,645,544,000 | AAL |
| FY2017 | +$33,008,093,000 | AAL |
| FY2016 | +$31,153,660,000 | AAL |
| FY2015 | +$31,249,955,000 | AAL |
AAL has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.1 pp | LTM |
| FY2024 | −6.1 pp | LTM |
| FY2023 | −3.4 pp | LTM |
| FY2022 | −14.0 pp | LTM |
| FY2021 | +88.6 pp | AAL |
| FY2020 | +64.9 pp | AAL |
| FY2019 | +1.7 pp | AAL |
| FY2018 | −0.3 pp | LTM |
| FY2017 | +1.4 pp | AAL |
| FY2016 | +5.2 pp | AAL |
| FY2015 | +20.4 pp | AAL |
The higher net margin has changed hands between AAL and LTM over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LTM's net margin has been more volatile than AAL's over the 11 comparable fiscal years — 43.1 percentage points of standard deviation against 16.7.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AAL and LTM over these 11 fiscal years — AAL led in 6 and LTM in 5.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.