Airlines, Airports & Air Services
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LTM vs DAL vs UAL vs AAL
Revenue, margins, valuation, and 5-year total return — side by side.
Airlines, Airports & Air Services
Airlines, Airports & Air Services
Airlines, Airports & Air Services
LTM vs DAL vs UAL vs AAL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Airlines, Airports & Air Services | Airlines, Airports & Air Services | Airlines, Airports & Air Services | Airlines, Airports & Air Services |
| Market Cap | $15.16B | $47.75B | $32.37B | $8.70B |
| Revenue (TTM) | $15.01B | $63.36B | $60.47B | $55.99B |
| Net Income (TTM) | $1.68B | $5.01B | $3.67B | $202M |
| Gross Margin | 29.8% | 24.5% | 64.2% | 21.8% |
| Operating Margin | 17.4% | 9.2% | 8.4% | 3.0% |
| Forward P/E | 11.1x | 13.6x | 10.7x | 77.5x |
| Total Debt | $8.09B | $21.08B | $31.04B | $35.97B |
| Cash & Equiv. | $2.15B | $4.31B | $5.94B | $1.69B |
LTM vs DAL vs UAL vs AAL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 24 | May 26 | Return |
|---|---|---|---|
| LATAM Airlines Grou… (LTM) | 100 | 208.9 | +108.9% |
| Delta Air Lines, In… (DAL) | 100 | 169.9 | +69.9% |
| United Airlines Hol… (UAL) | 100 | 219.5 | +119.5% |
| American Airlines G… (AAL) | 100 | 123.9 | +23.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LTM vs DAL vs UAL vs AAL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LTM carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.29, yield 4.0%
- Rev growth 11.2%, EPS growth 56.3%, 3Y rev CAGR 15.1%
- 17.3% 10Y total return vs UAL's 118.1%
- Lower volatility, beta 1.29, current ratio 0.60x
DAL is the #2 pick in this set and the best alternative if momentum is your priority.
- +63.0% vs AAL's +24.8%
UAL is the clearest fit if your priority is value.
- Lower P/E (10.7x vs 77.5x)
AAL lags the leaders in this set but could rank higher in a more targeted comparison.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.2% revenue growth vs AAL's 0.8% | |
| Value | Lower P/E (10.7x vs 77.5x) | |
| Quality / Margins | 11.2% margin vs AAL's 0.4% | |
| Stability / Safety | Beta 1.29 vs UAL's 2.25 | |
| Dividends | 4.0% yield, 2-year raise streak, vs DAL's 0.9%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +63.0% vs AAL's +24.8% | |
| Efficiency (ROA) | 9.6% ROA vs AAL's 0.3%, ROIC 26.6% vs 3.5% |
LTM vs DAL vs UAL vs AAL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
LTM vs DAL vs UAL vs AAL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
LTM leads in 4 of 6 categories
DAL leads 0 • UAL leads 0 • AAL leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
LTM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
DAL is the larger business by revenue, generating $63.4B annually — 4.2x LTM's $15.0B. LTM is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to AAL's 0.4%. On growth, LTM holds the edge at +21.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $15.0B | $63.4B | $60.5B | $56.0B |
| EBITDAEarnings before interest/tax | $3.0B | $8.9B | $8.1B | $3.7B |
| Net IncomeAfter-tax profit | $1.7B | $5.0B | $3.7B | $202M |
| Free Cash FlowCash after capex | $1.8B | $3.8B | $3.2B | $1.9B |
| Gross MarginGross profit ÷ Revenue | +29.8% | +24.5% | +64.2% | +21.8% |
| Operating MarginEBIT ÷ Revenue | +17.4% | +9.2% | +8.4% | +3.0% |
| Net MarginNet income ÷ Revenue | +11.2% | +7.9% | +6.1% | +0.4% |
| FCF MarginFCF ÷ Revenue | +12.2% | +6.1% | +5.3% | +3.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +21.9% | +2.9% | +10.6% | +10.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +66.7% | +44.2% | +84.5% | +19.4% |
Valuation Metrics
Evenly matched — LTM and UAL each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 9.5x trailing earnings, DAL trades at a 88% valuation discount to AAL's 77.5x P/E. On an enterprise value basis, LTM's 6.4x EV/EBITDA is more attractive than AAL's 12.5x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $15.2B | $47.8B | $32.4B | $8.7B |
| Enterprise ValueMkt cap + debt − cash | $21.1B | $64.5B | $57.5B | $43.0B |
| Trailing P/EPrice ÷ TTM EPS | 10.36x | 9.54x | 9.76x | 77.53x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.14x | 13.58x | 10.65x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 6.44x | 7.81x | 7.51x | 12.49x |
| Price / SalesMarket cap ÷ Revenue | 1.06x | 0.75x | 0.55x | 0.16x |
| Price / BookPrice ÷ Book value/share | 11.41x | 2.30x | 2.13x | — |
| Price / FCFMarket cap ÷ FCF | 10.20x | 12.43x | 12.66x | — |
Profitability & Efficiency
LTM leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
LTM delivers a 127.8% return on equity — every $100 of shareholder capital generates $128 in annual profit, vs $24 for DAL. DAL carries lower financial leverage with a 1.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to LTM's 6.05x. On the Piotroski fundamental quality scale (0–9), UAL scores 8/9 vs AAL's 6/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +127.8% | +24.1% | +24.9% | — |
| ROA (TTM)Return on assets | +9.6% | +6.2% | +4.7% | +0.3% |
| ROICReturn on invested capital | +26.6% | +12.0% | +9.1% | +3.5% |
| ROCEReturn on capital employed | +24.2% | +11.4% | +9.3% | +3.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 8 | 6 |
| Debt / EquityFinancial leverage | 6.05x | 1.02x | 2.03x | — |
| Net DebtTotal debt minus cash | $5.9B | $16.8B | $25.1B | $34.3B |
| Cash & Equiv.Liquid assets | $2.2B | $4.3B | $5.9B | $1.7B |
| Total DebtShort + long-term debt | $8.1B | $21.1B | $31.0B | $36.0B |
| Interest CoverageEBIT ÷ Interest expense | 3.99x | 9.69x | 4.61x | 2.45x |
Total Returns (Dividends Reinvested)
LTM leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LTM five years ago would be worth $22,186 today (with dividends reinvested), compared to $5,991 for AAL. Over the past 12 months, DAL leads with a +63.0% total return vs AAL's +24.8%. The 3-year compound annual growth rate (CAGR) favors LTM at 30.4% vs AAL's -2.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -5.1% | +6.1% | -11.8% | -14.9% |
| 1-Year ReturnPast 12 months | +62.1% | +63.0% | +32.3% | +24.8% |
| 3-Year ReturnCumulative with dividends | +121.9% | +118.3% | +117.4% | -8.2% |
| 5-Year ReturnCumulative with dividends | +121.9% | +61.9% | +82.2% | -40.1% |
| 10-Year ReturnCumulative with dividends | +1728.3% | +87.4% | +118.1% | -55.4% |
| CAGR (3Y)Annualised 3-year return | +30.4% | +29.7% | +29.5% | -2.8% |
Risk & Volatility
Evenly matched — LTM and DAL each lead in 1 of 2 comparable metrics.
Risk & Volatility
LTM is the less volatile stock with a 1.29 beta — it tends to amplify market swings less than UAL's 2.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. DAL currently trades 95.7% from its 52-week high vs LTM's 73.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.29x | 1.93x | 2.25x | 1.96x |
| 52-Week HighHighest price in past year | $70.42 | $76.39 | $119.21 | $16.50 |
| 52-Week LowLowest price in past year | $32.59 | $44.78 | $71.55 | $10.09 |
| % of 52W HighCurrent price vs 52-week peak | +73.6% | +95.7% | +83.6% | +79.9% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 64.2 | 58.4 | 63.9 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 12.2M | 8.3M | 68.2M |
Analyst Outlook
LTM leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: LTM as "Hold", DAL as "Buy", UAL as "Buy", AAL as "Buy". Consensus price targets imply 36.5% upside for UAL (target: $136) vs 12.8% for DAL (target: $82). For income investors, LTM offers the higher dividend yield at 3.96% vs DAL's 0.92%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $68.70 | $82.45 | $136.10 | $15.90 |
| # AnalystsCovering analysts | 17 | 44 | 47 | 37 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +0.9% | — | — |
| Dividend StreakConsecutive years of raises | 2 | 2 | 0 | 0 |
| Dividend / ShareAnnual DPS | $2.05 | $0.67 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.9% | 0.0% | +2.0% | 0.0% |
LTM leads in 4 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
LTM vs DAL vs UAL vs AAL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is LTM or DAL or UAL or AAL a better buy right now?
For growth investors, LATAM Airlines Group S.
A. (LTM) is the stronger pick with 11. 2% revenue growth year-over-year, versus 0. 8% for American Airlines Group Inc. (AAL). Delta Air Lines, Inc. (DAL) offers the better valuation at 9. 5x trailing P/E (13. 6x forward), making it the more compelling value choice. Analysts rate Delta Air Lines, Inc. (DAL) a "Buy" — based on 44 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LTM or DAL or UAL or AAL?
On trailing P/E, Delta Air Lines, Inc.
(DAL) is the cheapest at 9. 5x versus American Airlines Group Inc. at 77. 5x. On forward P/E, United Airlines Holdings, Inc. is actually cheaper at 10. 7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — LTM or DAL or UAL or AAL?
Over the past 5 years, LATAM Airlines Group S.
A. (LTM) delivered a total return of +121. 9%, compared to -40. 1% for American Airlines Group Inc. (AAL). Over 10 years, the gap is even starker: LTM returned +1728% versus AAL's -55. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LTM or DAL or UAL or AAL?
By beta (market sensitivity over 5 years), LATAM Airlines Group S.
A. (LTM) is the lower-risk stock at 1. 29β versus United Airlines Holdings, Inc. 's 2. 25β — meaning UAL is approximately 74% more volatile than LTM relative to the S&P 500. On balance sheet safety, Delta Air Lines, Inc. (DAL) carries a lower debt/equity ratio of 102% versus 6% for LATAM Airlines Group S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — LTM or DAL or UAL or AAL?
By revenue growth (latest reported year), LATAM Airlines Group S.
A. (LTM) is pulling ahead at 11. 2% versus 0. 8% for American Airlines Group Inc. (AAL). On earnings-per-share growth, the picture is similar: LATAM Airlines Group S. A. grew EPS 56. 3% year-over-year, compared to -86. 3% for American Airlines Group Inc.. Over a 3-year CAGR, LTM leads at 15. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LTM or DAL or UAL or AAL?
LATAM Airlines Group S.
A. (LTM) is the more profitable company, earning 10. 2% net margin versus 0. 2% for American Airlines Group Inc. — meaning it keeps 10. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LTM leads at 16. 4% versus 2. 7% for AAL. At the gross margin level — before operating expenses — UAL leads at 64. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LTM or DAL or UAL or AAL more undervalued right now?
On forward earnings alone, United Airlines Holdings, Inc.
(UAL) trades at 10. 7x forward P/E versus 13. 6x for Delta Air Lines, Inc. — 2. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for UAL: 36. 5% to $136. 10.
08Which pays a better dividend — LTM or DAL or UAL or AAL?
In this comparison, LTM (4.
0% yield), DAL (0. 9% yield) pay a dividend. UAL, AAL do not pay a meaningful dividend and should not be held primarily for income.
09Is LTM or DAL or UAL or AAL better for a retirement portfolio?
For long-horizon retirement investors, LATAM Airlines Group S.
A. (LTM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 29), 4. 0% yield, +1728% 10Y return). American Airlines Group Inc. (AAL) carries a higher beta of 1. 96 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LTM: +1728%, AAL: -55. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LTM and DAL and UAL and AAL?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: LTM is a mid-cap deep-value stock; DAL is a mid-cap deep-value stock; UAL is a mid-cap deep-value stock; AAL is a small-cap quality compounder stock. LTM, DAL pay a dividend while UAL, AAL do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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