LTM vs LUV
Latam Airlines Group S.a. and Southwest Airlines Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | LTM | LUV |
|---|---|---|
| Revenue | $14.3B | $28.1B |
| Net income | $1.5B | $441.0M |
| Gross margin | 29.2% | · |
| Net margin | 10.3% | 1.6% |
| Return on equity | 141.1% | 4.8% |
| Diluted EPS | $0.00 | $0.79 |
| Dividend / share | · | $0.72 |
| Payout ratio | 41.5% | 90.5% |
| Free cash flow | $2.0B | $-831.0M |
| Equity | $1.3B | $8.0B |
| Net debt / equity | 4.41× | 0.21× |
| Current ratio | 0.60× | 0.52× |
| Revenue CAGR 5y | 29.5% | 25.4% |
| Profit CAGR 5y | · | · |
LUV bills 2.0× the revenue of LTM, and LTM keeps more of each dollar of revenue as profit (10.3% against 1.6%).
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 | LTM | LUV |
|---|---|---|
| FY2025 | $14.3B | $28.1B |
| FY2024 | $12.8B | $27.5B |
| FY2023 | $11.6B | $26.1B |
| FY2022 | $9.4B | $23.8B |
| FY2021 | $4.9B | $15.8B |
| FY2020 | $3.9B | $9.0B |
| FY2019 | $10.1B | $22.4B |
| FY2018 | $9.9B | $22.0B |
| FY2017 | $9.6B | $21.1B |
| FY2016 | $9.0B | $20.3B |
Bottom line
| Fiscal year | LTM | LUV |
|---|---|---|
| FY2025 | $1.5B | $441.0M |
| FY2024 | $977.0M | $465.0M |
| FY2023 | $581.8M | $465.0M |
| FY2022 | $1.3B | $539.0M |
| FY2021 | $-4.6B | $977.0M |
| FY2020 | $-4.5B | $-3.1B |
| FY2019 | $190.4M | $2.3B |
| FY2018 | $309.8M | $2.5B |
| FY2017 | $108.9M | $3.4B |
| FY2016 | $69.2M | $2.2B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$13,797,944,000 | LUV |
| FY2024 | −$14,649,957,000 | LUV |
| FY2023 | −$14,450,459,000 | LUV |
| FY2022 | −$14,451,479,000 | LUV |
| FY2021 | −$10,905,985,000 | LUV |
| FY2020 | −$5,124,333,000 | LUV |
| FY2019 | −$12,357,937,000 | LUV |
| FY2018 | −$12,069,544,000 | LUV |
| FY2017 | −$11,532,093,000 | LUV |
| FY2016 | −$11,300,660,000 | LUV |
| FY2015 | −$10,079,955,000 | LUV |
LUV has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.7 pp | LTM |
| FY2024 | +5.9 pp | LTM |
| FY2023 | +3.2 pp | LTM |
| FY2022 | +12.0 pp | LTM |
| FY2021 | −101.5 pp | LUV |
| FY2020 | −82.1 pp | LUV |
| FY2019 | −8.3 pp | LUV |
| FY2018 | −7.8 pp | LUV |
| FY2017 | −14.3 pp | LUV |
| FY2016 | −9.5 pp | LUV |
| FY2015 | −12.8 pp | LUV |
The higher net margin has changed hands between LTM and LUV over this period.
11 of 19 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 LUV's over the 11 comparable fiscal years — 43.1 percentage points of standard deviation against 12.8.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between LTM and LUV over these 11 fiscal years — LTM led in 4 and LUV in 7.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LTM's return on equity has been more volatile than LUV's over the 8 comparable fiscal years — 90.2 percentage points of standard deviation against 13.0.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between LTM and LUV over these 8 fiscal years — LTM led in 3 and LUV in 5.
8 of 19 comparable fiscal years — a year missing data on either side is not counted.