LTM
LATAM Airlines Group S.A.
Airlines, Airports & Air Services
Market Cap$15.16B
5Y Perf.+108.9%
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Stock Comparison
LTM vs UAL
Revenue, margins, valuation, and 5-year total return — side by side.
UAL
United Airlines Holdings, Inc.
Airlines, Airports & Air Services
Market Cap$32.37B
5Y Perf.+119.5%
LTM vs UAL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LTM | UAL |
|---|---|---|
| Industry | Airlines, Airports & Air Services | Airlines, Airports & Air Services |
| Market Cap | $15.16B | $32.37B |
| Revenue (TTM) | $15.01B | $60.47B |
| Net Income (TTM) | $1.68B | $3.67B |
| Gross Margin | 29.8% | 64.2% |
| Operating Margin | 17.4% | 8.4% |
| Forward P/E | 11.1x | 10.7x |
| Total Debt | $8.09B | $31.04B |
| Cash & Equiv. | $2.15B | $5.94B |
LTM vs UAL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LTM
UAL
| Stock | Jul 24 | May 26 | Return |
|---|---|---|---|
| LATAM Airlines Grou… (LTM) | 100 | 208.9 | +108.9% |
| United Airlines Hol… (UAL) | 100 | 219.5 | +119.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LTM vs UAL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: LTM leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. United Airlines Holdings, Inc. is the stronger pick specifically for valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
LTM
LATAM Airlines Group S.A.
The Income Pick
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%
Best for: income & stability and growth exposure
UAL
United Airlines Holdings, Inc.
The Value Play
UAL is the clearest fit if your priority is value.
- Lower P/E (10.7x vs 11.1x)
Best for: value
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | LTM | 11.2% revenue growth vs UAL's 3.5% |
| Value | UAL | Lower P/E (10.7x vs 11.1x) |
| Quality / Margins | LTM | 11.2% margin vs UAL's 6.1% |
| Stability / Safety | LTM | Beta 1.29 vs UAL's 2.25 |
| Dividends | LTM | 4.0% yield; 2-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | LTM | +62.1% vs UAL's +32.3% |
| Efficiency (ROA) | LTM | 9.6% ROA vs UAL's 4.7%, ROIC 26.6% vs 9.1% |
LTM vs UAL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2012
FY 2025
LTM vs UAL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLLTMLAGGINGUAL
UALUnited Airlines Holdi…
1leads
LTMLATAM Airlines Group …
4leads
6 Total Categories
CATEGORYLEADERvs UALMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
LTM4/6
Valuation MetricsMultiples, price ratios, and targets
UAL4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
LTM6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
LTM6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
LTM1/1
Income & Cash Flow (Last 12 Months)
LTM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
UAL is the larger business by revenue, generating $60.5B annually — 4.0x LTM's $15.0B. LTM is the more profitable business, keeping 11.2% of every revenue dollar as net income compared to UAL's 6.1%. On growth, LTM holds the edge at +21.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| RevenueTrailing 12 months | $15.0B | $60.5B |
| EBITDAEarnings before interest/tax | $3.0B | $8.1B |
| Net IncomeAfter-tax profit | $1.7B | $3.7B |
| Free Cash FlowCash after capex | $1.8B | $3.2B |
| Gross MarginGross profit ÷ Revenue | +29.8% | +64.2% |
| Operating MarginEBIT ÷ Revenue | +17.4% | +8.4% |
| Net MarginNet income ÷ Revenue | +11.2% | +6.1% |
| FCF MarginFCF ÷ Revenue | +12.2% | +5.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +21.9% | +10.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +66.7% | +84.5% |
LTM leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
UAL leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 9.8x trailing earnings, UAL trades at a 6% valuation discount to LTM's 10.4x P/E. On an enterprise value basis, LTM's 6.4x EV/EBITDA is more attractive than UAL's 7.5x.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| Market CapShares × price | $15.2B | $32.4B |
| Enterprise ValueMkt cap + debt − cash | $21.1B | $57.5B |
| Trailing P/EPrice ÷ TTM EPS | 10.36x | 9.76x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.14x | 10.65x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 6.44x | 7.51x |
| Price / SalesMarket cap ÷ Revenue | 1.06x | 0.55x |
| Price / BookPrice ÷ Book value/share | 11.41x | 2.13x |
| Price / FCFMarket cap ÷ FCF | 10.20x | 12.66x |
UAL leads this category, winning 4 of 6 comparable metrics.
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 $25 for UAL. UAL carries lower financial leverage with a 2.03x 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 LTM's 7/9, reflecting strong financial health.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| ROE (TTM)Return on equity | +127.8% | +24.9% |
| ROA (TTM)Return on assets | +9.6% | +4.7% |
| ROICReturn on invested capital | +26.6% | +9.1% |
| ROCEReturn on capital employed | +24.2% | +9.3% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 8 |
| Debt / EquityFinancial leverage | 6.05x | 2.03x |
| Net DebtTotal debt minus cash | $5.9B | $25.1B |
| Cash & Equiv.Liquid assets | $2.2B | $5.9B |
| Total DebtShort + long-term debt | $8.1B | $31.0B |
| Interest CoverageEBIT ÷ Interest expense | 3.99x | 4.61x |
LTM leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
LTM leads this category, winning 6 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 $18,217 for UAL. Over the past 12 months, LTM leads with a +62.1% total return vs UAL's +32.3%. The 3-year compound annual growth rate (CAGR) favors LTM at 30.4% vs UAL's 29.5% — a key indicator of consistent wealth creation.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| YTD ReturnYear-to-date | -5.1% | -11.8% |
| 1-Year ReturnPast 12 months | +62.1% | +32.3% |
| 3-Year ReturnCumulative with dividends | +121.9% | +117.4% |
| 5-Year ReturnCumulative with dividends | +121.9% | +82.2% |
| 10-Year ReturnCumulative with dividends | +1728.3% | +118.1% |
| CAGR (3Y)Annualised 3-year return | +30.4% | +29.5% |
LTM leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — LTM and UAL 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. UAL currently trades 83.6% from its 52-week high vs LTM's 73.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.29x | 2.25x |
| 52-Week HighHighest price in past year | $70.42 | $119.21 |
| 52-Week LowLowest price in past year | $32.59 | $71.55 |
| % of 52W HighCurrent price vs 52-week peak | +73.6% | +83.6% |
| RSI (14)Momentum oscillator 0–100 | 54.7 | 58.4 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 8.3M |
Evenly matched — LTM and UAL each lead in 1 of 2 comparable metrics.
Analyst Outlook
LTM leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates LTM as "Hold" and UAL as "Buy". Consensus price targets imply 36.5% upside for UAL (target: $136) vs 32.6% for LTM (target: $69). LTM is the only dividend payer here at 3.96% yield — a key consideration for income-focused portfolios.
| Metric | LTMLATAM Airlines Gr… | UALUnited Airlines H… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $68.70 | $136.10 |
| # AnalystsCovering analysts | 17 | 47 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | — |
| Dividend StreakConsecutive years of raises | 2 | 0 |
| Dividend / ShareAnnual DPS | $2.05 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.9% | +2.0% |
LTM leads this category, winning 1 of 1 comparable metric.
Key Takeaway
LTM leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). UAL leads in 1 (Valuation Metrics). 1 tied.
Best OverallLATAM Airlines Group S.A. (LTM)Leads 4 of 6 categories
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LTM vs UAL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is LTM or UAL 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 3. 5% for United Airlines Holdings, Inc. (UAL). United Airlines Holdings, Inc. (UAL) offers the better valuation at 9. 8x trailing P/E (10. 7x forward), making it the more compelling value choice. Analysts rate United Airlines Holdings, Inc. (UAL) a "Buy" — based on 47 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 UAL?
On trailing P/E, United Airlines Holdings, Inc.
(UAL) is the cheapest at 9. 8x versus LATAM Airlines Group S. A. at 10. 4x. On forward P/E, United Airlines Holdings, Inc. is actually cheaper at 10. 7x.
03Which is the better long-term investment — LTM or UAL?
Over the past 5 years, LATAM Airlines Group S.
A. (LTM) delivered a total return of +121. 9%, compared to +82. 2% for United Airlines Holdings, Inc. (UAL). Over 10 years, the gap is even starker: LTM returned +1728% versus UAL's +118. 1%. 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 UAL?
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, United Airlines Holdings, Inc. (UAL) carries a lower debt/equity ratio of 2% versus 6% for LATAM Airlines Group S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — LTM or UAL?
By revenue growth (latest reported year), LATAM Airlines Group S.
A. (LTM) is pulling ahead at 11. 2% versus 3. 5% for United Airlines Holdings, Inc. (UAL). On earnings-per-share growth, the picture is similar: LATAM Airlines Group S. A. grew EPS 56. 3% year-over-year, compared to 8. 1% for United Airlines Holdings, 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 UAL?
LATAM Airlines Group S.
A. (LTM) is the more profitable company, earning 10. 2% net margin versus 5. 7% for United Airlines Holdings, 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 8. 0% for UAL. 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 UAL more undervalued right now?
On forward earnings alone, United Airlines Holdings, Inc.
(UAL) trades at 10. 7x forward P/E versus 11. 1x for LATAM Airlines Group S. A. — 0. 5x 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 UAL?
In this comparison, LTM (4.
0% yield) pays a dividend. UAL does not pay a meaningful dividend and should not be held primarily for income.
09Is LTM or UAL 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). United Airlines Holdings, Inc. (UAL) carries a higher beta of 2. 25 — 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%, UAL: +118. 1%), 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 UAL?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
LTM pays a dividend while UAL does 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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Revenue Growth>
%
(LTM: 21.9% · UAL: 10.6%)Net Margin>
%
(LTM: 11.2% · UAL: 6.1%)P/E Ratio<
x
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