Grupo Aeroméxico, S.A.B. de C.V.(AERO)Earnings, Financials & Key Ratios
AERO•NYSE
$16.34
$2.38B mkt cap·6.3× P/E·Price updated May 7, 2026
AboutGrupo Aeroméxico, S.A.B. de C.V., through its subsidiaries, provide public air carrier services for passengers and goods. It offers scheduled passenger air carrier services, cargo air carrier services, and other services. The company also offers loyalty programs. Its network of destinations includes Mexico, the United States, South America, Central America, the Caribbean, Canada, Europe, and Asia. The company was founded in 1934 and is based in Mexico City, Mexico.Show more
- Revenue$5.38B-4.3%
- EBITDA$1.61B-6.5%
- Net Income$353M-42.8%
- EPS (Diluted)2.60-42.6%
- Gross Margin24.81%-20.5%
- EBITDA Margin29.92%-2.3%
- Operating Margin16.3%-14.1%
- Net Margin6.57%-40.2%
- ROIC112.23%
- Interest Coverage1.70-49.7%
AERO Key Insights
Grupo Aeroméxico, S.A.B. de C.V. (AERO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 32.3%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AERO Price & Volume
Grupo Aeroméxico, S.A.B. de C.V. (AERO) stock price & volume — 10-year historical chart
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AERO Growth Metrics
Grupo Aeroméxico, S.A.B. de C.V. (AERO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years32.31%
3 Years12.16%
TTM-3.42%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-42.14%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-41.46%
Return on Capital
10 Years18.27%
5 Years32.05%
3 Years28.13%
Last Year24.06%
AERO Recent Earnings
Grupo Aeroméxico, S.A.B. de C.V. (AERO) EPS & revenue vs analyst estimates — last 2 quarters
●Beat EPS 1/2 qtrs (50%)●Beat Revenue 2/2 qtrs (100%)
Q2 2026Latest
Apr 21, 2026EPS
$0.07
Est $0.07
+0.0%
Revenue
$1.3B
Est $1.3B
+0.9%
Q1 2026
Feb 17, 2026EPS
$0.75
Est $0.46
+63.0%
Revenue
$1.4B
Est $1.4B
+1.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.07vs $0.07+0.0% | $1.3Bvs $1.3B+0.9% |
| Q1 2026 | Feb 17, 2026 | $0.75vs $0.46+63.0% | $1.4Bvs $1.4B+1.4% |
Based on last 2 quarters of dataView full earnings history →
AERO Peer Comparison
Grupo Aeroméxico, S.A.B. de C.V. (AERO) competitors in Commercial passenger airlines — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VLRS | 898.23M | 7.81 | -8.68 | -3.31% | -3.42% | -38.03% | 14.66 | |
 OMAB | 5.16B | 106.98 | 16.67 | 5.91% | 33.46% | 50.64% | 1.19 | |
 PAC | 10.79B | 251.28 | 21.89 | 21.45% | 31.85% | 41.71% | 1.88 | |
 ASR | 9.37B | 312.20 | 15.40 | 18.84% | 28.16% | 26.84% | 0.73 | |
 CPA | 3.71B | 122.90 | 8.45 | -0.31% | 18.83% | 24.93% | 0.84 | |
 DAL | 47.75B | 73.11 | 9.54 | 2.79% | 7.9% | 24.12% | 1.02 | |
 UAL | 32.37B | 99.70 | 9.76 | 3.52% | 6.06% | 24.91% | 2.03 | |
 AA | 16.22B | 62.63 | 14.11 | 4.53% | 9.01% | 18.49% | 0.00 |
Compare AERO vs Peers
Grupo Aeroméxico, S.A.B. de C.V. (AERO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AERO Income Statement
Grupo Aeroméxico, S.A.B. de C.V. (AERO) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 1.33B | 2.22B | 3.81B | 4.92B | 5.62B | 5.38B |
| Revenue Growth % | - | 67.45% | 71.61% | 28.96% | 14.32% | -4.3% |
| Cost of Goods Sold | 1.93B | 2.19B | 3.31B | 3.59B | 3.87B | 4.04B |
| COGS % of Revenue | 145.67% | 98.58% | 86.92% | 72.93% | 68.79% | 75.19% |
| Gross Profit | -605.85M▲ 0% | 31.48M▲ 105.2% | 498.6M▲ 1484.0% | 1.33B▲ 166.9% | 1.75B▲ 31.8% | 1.33B▼ 23.9% |
| Gross Margin % | -45.67% | 1.42% | 13.08% | 27.07% | 31.21% | 24.81% |
| Gross Profit Growth % | - | 105.2% | 1483.97% | 166.86% | 31.81% | -23.92% |
| Operating Expenses | 214.49M | 674.43M | -12.23M | 614.76M | 687.21M | 457.47M |
| OpEx % of Revenue | 16.17% | 30.36% | -0.32% | 12.51% | 12.23% | 8.51% |
| Selling, General & Admin | 214.51M | 198.33M | 287.37M | 357.55M | 406.34M | 457.47M |
| SG&A % of Revenue | 16.17% | 8.93% | 7.54% | 7.27% | 7.23% | 8.51% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | -21.25K | 476.1M | -299.59M | 257.21M | 280.87M | 0 |
| Operating Income | -820.34M▲ 0% | -642.96M▲ 21.6% | 510.83M▲ 179.4% | 715.82M▲ 40.1% | 1.07B▲ 49.0% | 876.81M▼ 17.8% |
| Operating Margin % | -61.84% | -28.94% | 13.4% | 14.56% | 18.98% | 16.3% |
| Operating Income Growth % | - | 21.62% | 179.45% | 40.13% | 49.02% | -17.8% |
| EBITDA | -226.53M | -178.2M | 964.37M | 1.3B | 1.72B | 1.61B |
| EBITDA Margin % | -17.08% | -8.02% | 25.3% | 26.35% | 30.64% | 29.92% |
| EBITDA Growth % | - | 21.33% | 641.17% | 34.35% | 32.89% | -6.54% |
| D&A (Non-Cash Add-back) | 593.81M | 464.76M | 453.55M | 579.78M | 655.06M | 732.35M |
| EBIT | -1.78B | -816.74M | 346.03M | 582.69M | 989.71M | 876.81M |
| Net Interest Income | -225.85M | -215.56M | -270.44M | -230.83M | -237.03M | -515.65M |
| Interest Income | 4.29M | 4.03M | 15.33M | 64.18M | 55.47M | 0 |
| Interest Expense | 230.14M | 219.59M | 285.77M | 295.01M | 292.49M | 515.65M |
| Other Income/Expense | -1.18B | -393.37M | -450.58M | -428.14M | -369.47M | -461.48M |
| Pretax Income | -2B▲ 0% | -1.04B▲ 48.2% | 60.25M▲ 105.8% | 287.68M▲ 377.5% | 697.22M▲ 142.4% | 415.33M▼ 40.4% |
| Pretax Margin % | -150.7% | -46.65% | 1.58% | 5.85% | 12.41% | 7.72% |
| Income Tax | -21.11M | -118.65M | 124.48M | 14.31M | 79.73M | 62.2M |
| Effective Tax Rate % | 1.06% | 11.45% | 206.59% | 4.97% | 11.44% | 14.98% |
| Net Income | -1.98B▲ 0% | -917.7M▲ 53.6% | -64.25M▲ 93.0% | 273.33M▲ 525.4% | 617.44M▲ 125.9% | 353.13M▼ 42.8% |
| Net Margin % | -149.11% | -41.31% | -1.69% | 5.56% | 10.99% | 6.57% |
| Net Income Growth % | - | 53.6% | 93% | 525.44% | 125.89% | -42.81% |
| Net Income (Continuing) | -1.98B | -917.67M | -64.22M | 273.37M | 617.49M | 353.13M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 221.12K | 238.05K | 1.97M | 2M | 2.05M | 0 |
| EPS (Diluted) | -14.50▲ 0% | -6.79▲ 53.2% | -0.47▲ 93.1% | 1.90▲ 504.3% | 4.53▲ 138.4% | 2.60▼ 42.6% |
| EPS Growth % | - | 53.17% | 93.08% | 504.26% | 138.42% | -42.6% |
| EPS (Basic) | -14.50 | -6.79 | -0.47 | 1.90 | 4.62 | 2.60 |
| Diluted Shares Outstanding | 136.42M | 136.42M | 136.42M | 145.24M | 136.42M | 136.42M |
| Basic Shares Outstanding | 136.42M | 136.42M | 136.42M | 145.24M | 133.64M | 136.42M |
| Dividend Payout Ratio | - | - | - | - | - | - |
AERO Balance Sheet
Grupo Aeroméxico, S.A.B. de C.V. (AERO) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 689.66M | 1.29B | 1.38B | 1.71B | 1.65B | 1.98B |
| Cash & Short-Term Investments | 413.48M | 946.96M | 755.16M | 912.87M | 815.5M | 1.02B |
| Cash Only | 411.6M | 946.96M | 755.16M | 912.87M | 815.5M | 1.02B |
| Short-Term Investments | 1.89M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 189.13M | 126.44M | 179.21M | 286.33M | 236.07M | 703.01M |
| Days Sales Outstanding | 52.04 | 20.78 | 17.16 | 21.26 | 15.33 | 47.71 |
| Inventory | 68.23M | 77.65M | 96.97M | 108.46M | 139.72M | 174M |
| Days Inventory Outstanding | 12.89 | 12.94 | 10.68 | 11.04 | 13.19 | 15.71 |
| Other Current Assets | 18.81M | 102.47M | 301.51M | 358.19M | 384.99M | 79M |
| Total Non-Current Assets | 3.31B | 2.96B | 4.17B | 4.38B | 4.74B | 5.21B |
| Property, Plant & Equipment | 2.77B | 2.41B | 2.64B | 2.79B | 3.21B | 3.67B |
| Fixed Asset Turnover | 0.48x | 0.92x | 1.44x | 1.76x | 1.75x | 1.46x |
| Goodwill | 0 | 0 | 503.62M | 503.56M | 503.57M | 0 |
| Intangible Assets | 76.75M | 73.87M | 560.29M | 568.24M | 576.78M | 0 |
| Long-Term Investments | 13.38M | 8.31M | 30.18M | 27.12M | 16.98M | 0 |
| Other Non-Current Assets | 256.67M | 459.6M | 140.28M | 155.63M | 171.31M | 1.54B |
| Total Assets | 4B▲ 0% | 4.24B▲ 6.0% | 5.55B▲ 30.7% | 6.09B▲ 9.8% | 6.38B▲ 4.8% | 7.19B▲ 12.7% |
| Asset Turnover | 0.33x | 0.52x | 0.69x | 0.81x | 0.88x | 0.75x |
| Asset Growth % | - | 6.04% | 30.7% | 9.84% | 4.79% | 12.68% |
| Total Current Liabilities | 4.86B | 4.86B | 2.6B | 3.27B | 3.19B | 3.1B |
| Accounts Payable | 976.39M | 687.01M | 842.23M | 1.26B | 1.36B | 0 |
| Days Payables Outstanding | 184.43 | 114.51 | 92.78 | 128.48 | 127.95 | - |
| Short-Term Debt | 3.17B | 1.38B | 514.02M | 0 | 89.05M | 451.01M |
| Deferred Revenue (Current) | 427.81M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 230.99M | 2.09B | 1.05B | 1.69B | 1.02B | 2.65B |
| Current Ratio | 0.14x | 0.27x | 0.53x | 0.52x | 0.52x | 0.64x |
| Quick Ratio | 0.13x | 0.25x | 0.49x | 0.49x | 0.47x | 0.58x |
| Cash Conversion Cycle | -119.5 | -80.79 | -64.94 | -96.18 | -99.43 | - |
| Total Non-Current Liabilities | 798.71M | 2.05B | 3.67B | 3.56B | 4.09B | 4.69B |
| Long-Term Debt | 560.15M | 0 | 2.94B | 2.71B | 3.25B | 3.6B |
| Capital Lease Obligations | 0 | 1.44B | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 2.62M | 204.88K | 105.69M | 121.14M | 121.09M | 0 |
| Other Non-Current Liabilities | 235.56M | 2.05B | 631.37M | 722.98M | 716.59M | 1.09B |
| Total Liabilities | 5.66B | 6.91B | 6.28B | 6.82B | 7.28B | 7.79B |
| Total Debt | 3.73B | 1.91B | 3.45B | 2.71B | 448.3M | 4.06B |
| Net Debt | 3.32B | 960.32M | -755.16M | -912.87M | -367.2M | 3.03B |
| Debt / Equity | - | - | - | - | - | - |
| Debt / EBITDA | - | - | 3.58x | 2.09x | 0.26x | 2.52x |
| Net Debt / EBITDA | - | - | -0.78x | -0.70x | -0.21x | 1.88x |
| Interest Coverage | -7.75x | -3.72x | 1.21x | 1.98x | 3.38x | 1.70x |
| Total Equity | -1.65B▲ 0% | -2.66B▼ 61.0% | -730.83M▲ 72.6% | -732.92M▼ 0.3% | -899.91M▼ 22.8% | -592.01M▲ 34.2% |
| Equity Growth % | - | -61.04% | 72.56% | -0.29% | -22.78% | 34.21% |
| Book Value per Share | -12.12 | -19.52 | -5.36 | -5.05 | -6.60 | -4.34 |
| Total Shareholders' Equity | -1.65B | -2.66B | -732.8M | -734.93M | -901.96M | -592.01M |
| Common Stock | 177.89M | 173.2M | 4.6B | 4.33B | 3.53B | 0 |
| Retained Earnings | -2.15B | -3.01B | -3.21B | -2.94B | -2.31B | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 264.62M | 0 | 64.23M | 60.98M | 65.03M | 0 |
| Minority Interest | 221.12K | 238.05K | 1.97M | 2M | 2.05M | 0 |
AERO Cash Flow Statement
Grupo Aeroméxico, S.A.B. de C.V. (AERO) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -22.07M | 55.02M | -230.31M | 1.35B | 1.37B | 915.94M |
| Operating CF Margin % | -1.66% | 2.48% | -6.04% | 27.36% | 24.33% | 17.03% |
| Operating CF Growth % | - | 349.32% | -518.62% | 684.05% | 1.67% | -33.02% |
| Net Income | -1.98B | -1.04B | -64.22M | 273.37M | 617.49M | 353.13M |
| Depreciation & Amortization | 593.81M | 464.76M | 453.55M | 579.78M | 655.06M | 732.35M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 17.66M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.19B | 779.04M | -500.72M | 293.81M | 180.37M | 59.19M |
| Working Capital Changes | 171.19M | -152.46M | -118.91M | 198.16M | -103.06M | -228.73M |
| Change in Receivables | 104.65M | -22.52M | -167.41M | -107.33M | -44.33M | 0 |
| Change in Inventory | 415.74K | -10.04M | -19.52M | -9.93M | -33.42M | 0 |
| Change in Payables | -73.94M | 0 | 35.23M | 313.27M | 5.5M | 0 |
| Cash from Investing | -267.92M | -118.83M | -521.65M | -406.21M | -489M | -270.87M |
| Capital Expenditures | -174.19M | -189.27M | -250.59M | -387.13M | -464.72M | 0 |
| CapEx % of Revenue | 13.13% | 8.52% | 6.57% | 7.87% | 8.27% | 17.03% |
| Acquisitions | 152.08K | -606.47K | -262.95M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -93.89M | 71.05M | -8.11M | -19.08M | -24.28M | -270.87M |
| Cash from Financing | 254.11M | 655.79M | 595.67M | -909.83M | -920.06M | -497.6M |
| Debt Issued (Net) | 428.48M | 686.51M | 30.77M | -335.87M | 269.09M | 0 |
| Equity Issued (Net) | -205.52K | 0 | 677.6M | -271.11M | -818.54M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -828.97K | 0 | -42.41M | -275.17M | -818.54M | 0 |
| Other Financing | -174.16M | -30.72M | -112.7M | -302.86M | -370.6M | -497.6M |
| Net Change in Cash | -68.79M▲ 0% | 586.27M▲ 952.2% | -136.9M▼ 123.4% | 95.52M▲ 169.8% | -95.7M▼ 200.2% | 182.09M▲ 290.3% |
| Free Cash Flow | -193.2M▲ 0% | -138.7M▲ 28.2% | -494.6M▼ 256.6% | 924.75M▲ 287.0% | 873.71M▼ 5.5% | 0▼ 100.0% |
| FCF Margin % | -14.56% | -6.24% | -12.97% | 18.81% | 15.55% | - |
| FCF Growth % | - | 28.21% | -256.59% | 286.97% | -5.52% | -100% |
| FCF per Share | -1.42 | -1.02 | -3.63 | 6.37 | 6.40 | - |
| FCF Conversion (FCF/Net Income) | 0.01x | -0.06x | 3.58x | 4.92x | 2.21x | 2.59x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
AERO Key Ratios
Grupo Aeroméxico, S.A.B. de C.V. (AERO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Invested Capital (ROIC) | -36.85% | - | 292.14% | 35.43% | - | 112.23% |
| Gross Margin | -45.67% | 1.42% | 13.08% | 27.07% | 31.21% | 24.81% |
| Net Margin | -149.11% | -41.31% | -1.69% | 5.56% | 10.99% | 6.57% |
| Interest Coverage | -7.75x | -3.72x | 1.21x | 1.98x | 3.38x | 1.70x |
| FCF Conversion | 0.01x | -0.06x | 3.58x | 4.92x | 2.21x | 2.59x |
| Revenue Growth | - | 67.45% | 71.61% | 28.96% | 14.32% | -4.3% |
AERO Frequently Asked Questions
Grupo Aeroméxico, S.A.B. de C.V. (AERO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Grupo Aeroméxico, S.A.B. de C.V. (AERO) reported $5.37B in revenue for fiscal year 2025. This represents a 305% increase from $1.33B in 2020.
Grupo Aeroméxico, S.A.B. de C.V. (AERO) saw revenue decline by 4.3% over the past year.
Yes, Grupo Aeroméxico, S.A.B. de C.V. (AERO) is profitable, generating $353.0M in net income for fiscal year 2025 (6.6% net margin).
Dividend & Returns
Grupo Aeroméxico, S.A.B. de C.V. (AERO) generated $123.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More AERO
Grupo Aeroméxico, S.A.B. de C.V. (AERO) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates