Saturday 17 October 2026 Export LTM’s income statement to Excel — free account

LATAM Airlines Group S.A.

LATAM Airlines Group S.A.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 11.2% from fiscal 2024. In the quarter to June 2026, revenue grew 27.2%, EPS fell 45.7% and free cash flow fell 20.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

47.47 1.03 −2.12%

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Market cap: $13.9B
P/E: 8.7×
Fwd P/E: 8.8×
Dividend yield: 2.95%
F-score: 8/9
Altman Z: 1.81
Beneish M: −2.99
Dividend safety: 65/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 13,920.00

Revenue 15,877.73

Net Income 0.00

Free Cash Flow 2,179.80

Net Debt (2,650.86)

Current Ratio 0.67

Debt/Equity 0.00

P/E ratio 8.73

Fwd P/E 8.79

P/S ratio 0.86

P/B ratio 6.86

Past 5Y EPS Growth —

This Y EPS Growth (5.37%)

Next Y EPS Growth 28.51%

Next Y revenue growth 22.21%

Next 5Y EPS Growth (1.16%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

Dividends

Payout Ratio 0.26

Annual Dividend Rate 1.40

Annual Dividend Yield 2.95%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	0.00	1.01 1.40
2024	Powerpack
2019	177.00	177.00
2018	150.80	150.80
2017	68.60	68.60

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,715	1,958	2,150	2,651
Receivables	1,386	1,164	1,382	1,638
Inventory	593	439	459	565
Other	463	300	317	372
	4,203	3,900	4,383	5,354

	2023	2024	2025	Q'26
Payables	1,773	2,146	2,693	2,760
ST’ Debt	—	—	—	—
Other	3,913	4,138	4,570	5,156
	5,688	6,291	7,294	7,938

Compound Annual Growth %

	10y	5y	3y
Sales	3.89%	29.45%	15.07%
Cash Flow	8.10%	0.00%	237.98%
Earnings	0.00%	0.00%	2.92%
Book Value	(7.57%)	0.00%	251.77%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,081	4,123	—	—	—
’25	3,348	3,243	3,799	3,875	14,265
’24	3,267	2,983	3,245	3,337	12,833
’23	2,772	2,633	3,025	3,212	11,641
’22	1,917	2,176	2,558	2,712	9,363
’21	842	826	1,276	1,940	4,884
’20	2,266	442	405	811	3,924

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	933	610	—	—	—
’25	678	863	988	1,208	3,737
’24	458	897	760	991	3,106
’23	442	528	588	705	2,264
’22	(4)	235	226	(360)	97
’21	(199)	(168)	8	186	(174)
’20	181	(8)	(501)	(167)	(495)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	588	219	—	—	—
’25	310	276	616	757	1,959
’24	362	567	423	431	1,784
’23	373	357	388	328	1,446
’22	(101)	112	(31)	(657)	(677)
’21	(234)	(242)	(262)	(16)	(755)
’20	98	(108)	(554)	(254)	(819)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.01	0.44	—	—	—
’25	1.18	0.81	1.30	1.69	4.95
’24	0.86	0.48	1.00	0.90	3.23
’23	0.40	0.00	0.00	0.00	1.92
’22	(1.26k)	(1.72k)	(980.00)	3.99k	27.14
’21	(1.42k)	(2.54k)	(2.28k)	(9.08k)	(15.32k)
’20	(7.00k)	(2.94k)	(1.90k)	(3.20k)	(15.00k)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	—	—	21.83	26.18	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	—	—	29.13	55.21
People
People	Employees	45,916	43,095	41,170	41,729	28,400	29,114	32,507	35,568	38,664	41,125
	Revenue/emp, $m	0.20	0.22	0.24	0.24	0.14	0.17	0.29	0.33	0.33	0.35
Income, $m
Income, $m	Revenue	8,988	9,614	9,895	10,070	3,924	4,884	9,363	11,641	12,833	14,265
	Gross margin, %	22.49	22.59	21.44	21.04	(15.03)	(1.63)	13.45	24.26	25.46	29.16
	EBT	274	374	416	142	(5,106)	(4,084)	1,346	596	994	1,619
	EBT margin, %	3.05	3.89	4.20	1.41	(130.13)	(83.62)	14.38	5.12	7.75	11.35
	Net income	—	—	—	—	—	—	—	—	—	—
	Depreciation	—	—	—	—	—	—	—	—	—	—
Per share, $
Per share, $	Revenue	32,888.18	31,708.14	32,636.73	33,212.60	12,940.85	16,108.23	193.81	38.52	42.46	48.41
	Earnings	260.00	520.00	1,127.25	620.00	(15,000.00)	(15,320.00)	27.68	1.92	3.23	4.95
	Cash flow	3,589.04	5,497.16	6,838.11	9,322.78	(1,631.59)	(574.67)	2.00	7.49	10.28	12.68
	Capex	(2,586.43)	(1,450.09)	(1,758.44)	(4,506.83)	(1,069.03)	(1,914.98)	(16.03)	(2.70)	(4.38)	(6.04)
	Free cash flow	1,002.61	4,047.07	5,079.67	4,815.95	(2,700.62)	(2,489.65)	(14.02)	4.79	5.90	6.65
	Book value	15,313.96	14,074.00	11,347.63	10,320.50	(8,055.36)	(23,307.73)	0.64	1.45	2.35	4.54
	Shares, m	0	0	0	0	0	0	48	302	302	295
Valuation, ×
Valuation, ×	P/E	18.42	18.42	18.42	18.42	18.42	18.42	18.42	18.42	8.51	10.85
	P/S	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.65	1.12
	P/B	14.14	14.14	14.14	14.14	14.14	14.14	14.14	14.14	11.72	11.90
	EV/Sales	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.04	1.07	1.48
	EV/FCF	7.87	7.87	7.87	7.87	7.87	7.87	7.87	7.87	7.69	10.77
Cash, $m
Cash, $m	Operating cash flow	981	1,667	2,073	2,827	(495)	(174)	97	2,264	3,106	3,737
	Capex	(707)	(440)	(533)	(1,366)	(324)	(581)	(774)	(817)	(1,323)	(1,778)
	Free cash flow	274	1,227	1,540	1,460	(819)	(755)	(677)	1,446	1,784	1,959
Balance, $m
Balance, $m	Working capital	(2,595)	(2,097)	(2,656)	(2,943)	(4,348)	(9,701)	(1,552)	(1,485)	(2,390)	(2,911)
	Total debt	—	—	—	—	—	—	—	—	—	—
	Net debt	(949)	(1,142)	(1,082)	(1,073)	(1,696)	(1,047)	(1,217)	(1,715)	(1,958)	(2,150)
	Shareholders’ equity	4,185	4,267	3,441	3,129	(2,442)	(7,067)	31	438	711	1,337
Returns, %
Returns, %	ROA	0.37	0.82	1.59	0.93	(24.75)	(32.12)	10.11	4.17	6.53	8.88
	ROIC	9.53	14.13	24.92	22.89	0.00	0.00	0.00	0.00	0.00	0.00
	ROE	1.94	3.67	8.04	5.80	(1,323.80)	97.75	(38.07)	248.12	169.97	142.54

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DAL Delta Air Lines, Inc.	$51.4B	15.0×	16.9×	+21.07% (above 0%: growing)	−47.25% (below 0%: shrinking)	−56.40% (below 0%: shrinking)	21.85%	7.20%	Compare
UAL United Airlines Holdings Inc	$32.9B	9.0×	10.8×	+15.99% (above 0%: growing)	−17.17% (below 0%: shrinking)	−69.34% (below 0%: shrinking)	61.75%	6.20%	Compare
RYAAY Ryanair Holdings PLC	$27.0B	5.3×	—	+3.52% (above 0%: growing)	−72.60% (below 0%: shrinking)	−10.66% (below 0%: shrinking)	49.61%	13.12%	Compare
LUV Southwest Airlines Co.	$20.0B	23.8×	15.0×	+16.40% (above 0%: growing)	+20.00% (above 0%: growing)	+86.75% (above 0%: growing)	21.20%	3.38%	Compare
ZNH China Southern Airlines Company Limited	$17.7B	— (loss-making)	—	−21.77% (below 0%: shrinking)	n/m	+258.94% (above 0%: growing)	10.93%	3.41%	Compare
LTM LATAM Airlines Group S.A.	$13.9B	8.7×	8.8×	+27.15% (above 0%: growing)	−45.68% (below 0%: shrinking)	−20.71% (below 0%: shrinking)	16.27%	5.29%
AAL American Airlines Group Inc.	$8.1B	— (loss-making)	— (loss-making)	+16.28% (above 0%: growing)	−87.91% (below 0%: shrinking)	−175.65% (below 0%: shrinking)	20.73%	2.67%	Compare
CPA Copa Holdings, S.A.	$5.5B	8.7×	8.2×	+25.72% (above 0%: growing)	−53.74% (below 0%: shrinking)	+207.63% (above 0%: growing)	50.85%	8.65%	Compare
ALK Alaska Air Group, Inc.	$4.1B	— (loss-making)	— (loss-making)	+9.75% (above 0%: growing)	n/m	−14.61% (below 0%: shrinking)	100.00%	(4.13%)	Compare
Median of peers	$18.8B	9.0×	12.9×	+16.14%	−50.49%	−12.64%	35.73%	4.80%

All 19 Airlines stocks →

LATAM Airlines Group S.A. (LTM) key facts

Strength: LATAM Airlines Group S.A.’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, up 11.2% from fiscal 2024.
LATAM Airlines Group S.A. (LTM) is an Airlines company in the Industrials sector, traded in the US as an ADR.
As of October 16, 2026, LTM traded at $47.47, a market capitalization of $13.9 billion.
LATAM Airlines Group S.A. pays an annual dividend of $1.40 per share, a yield of 2.95%, with a payout ratio of 25.8%.
Return on equity was 142.5% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.81 (distress zone) for fiscal 2025.