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LTM · NYSE · United States · Air Transportation, Scheduled
In shortLATAM AIRLINES GROUP S.A. is profitable, generates cash and carries heavy debt, with revenue growing (+11.2% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.4% | 71/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 10.2% | 61/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 141.1% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 22.4% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.60× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 6.01× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.46× | 73/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.24× | 17/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.29 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.7% | 75/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.34× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 5 | 50/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 33.9% | 0/100 |
| Operating margin volatility | 37.1% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 15.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -43.3% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,884 | 9,363 | 11,641 | 12,833 | 14,265 |
| Cost of revenue | 4,963 | 8,103 | 8,817 | 9,566 | 10,105 |
| Gross profit | (79) | 1,259 | 2,824 | 3,267 | 4,160 |
| Operating income | (3,426) | 1,212 | 1,078 | 1,541 | 2,336 |
| Interest expense | 806 | 942 | 698 | 882 | 721 |
| Pre-tax income | (4,084) | 1,346 | 596 | 994 | 1,619 |
| Income tax | 569 | 8.9 | 15 | 16 | 155 |
| Net income | (4,647) | 1,339 | 582 | 977 | 1,460 |
| Diluted EPS | −$7.66 | $0.01 | $0.00 | $0.00 | $0.00 |
| Diluted shares (millions) | 606 | 96,614 | 604,438 | 604,438 | 589,302 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.29 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 5, 2026