American Airlines Group Inc. (AAL) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↓
13.03
↓-30% vs avg
5yr avg: 18.65
30Y Low1.1·High45.0
P/FCF
↓
N/A
—
5yr avg: 13.73
30Y Low1.3·High32.7
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low0.6·High19.5
ROE
N/A
—
5yr avg: N/A
30Y Low-245%·High199%
Debt/EBITDA
↓
10.45
↓-31% vs avg
5yr avg: 15.06
30Y Low0.8·High36.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AAL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
American Airlines Group Inc. trades at 94.1x earnings, 105% above its 5-year average of 45.8x, sitting at the 100th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 268%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.6B | $10.1B | $12.6B | $9.9B | $8.3B | $11.6B | $7.6B | $12.7B | $15.0B | $25.6B | $26.0B |
| Enterprise Value | $44.8B | $44.4B | $49.3B | $50.0B | $51.6B | $57.5B | $48.4B | $45.9B | $48.7B | $50.4B | $50.0B |
| P/E Ratio → | 94.06 | 90.18 | 14.06 | 12.05 | 66.95 | — | — | 7.55 | 10.60 | 13.34 | 9.71 |
| P/S Ratio | 0.19 | 0.19 | 0.23 | 0.19 | 0.17 | 0.39 | 0.44 | 0.28 | 0.34 | 0.60 | 0.65 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | 6.86 |
| P/FCF | — | — | 9.67 | 8.19 | — | 23.32 | — | — | — | — | 32.74 |
| P/OCF | 3.41 | 3.27 | 3.16 | 2.60 | 3.83 | 16.43 | — | 3.34 | 4.23 | 5.39 | 3.98 |
P/E links to full P/E history page with 30-year chart
AAL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
American Airlines Group Inc.'s enterprise value stands at 13.0x EBITDA, 30% below its 5-year average of 18.7x. The Industrials sector median is 13.9x, placing the stock at a 6% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 0.91 | 0.95 | 1.05 | 1.92 | 2.79 | 1.00 | 1.09 | 1.18 | 1.25 |
| EV / EBITDA | 13.03 | 12.91 | 10.86 | 10.05 | 14.39 | 45.04 | — | 8.53 | 10.12 | 8.06 | 7.26 |
| EV / EBIT | 30.57 | 23.31 | 15.97 | 15.30 | 24.01 | — | — | 13.70 | 16.57 | 11.32 | 9.72 |
| EV / FCF | — | — | 37.93 | 41.40 | — | 115.87 | — | — | — | — | 63.03 |
AAL Profitability
Margins and return-on-capital ratios measuring operating efficiency
American Airlines Group Inc. earns an operating margin of 2.7%, roughly in line with the Industrials sector average. Operating margins have compressed from 5.7% to 2.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 3.5% represents below-average returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.2% | 19.2% | 21.1% | 22.4% | 18.5% | 0.1% | -41.7% | 24.3% | 22.6% | 26.6% | 29.2% |
| Operating Margin | 2.7% | 2.7% | 4.8% | 5.7% | 3.3% | -3.5% | -60.1% | 6.7% | 6.0% | 9.9% | 12.6% |
| Net Profit Margin | 0.2% | 0.2% | 1.6% | 1.6% | 0.3% | -6.7% | -51.2% | 3.7% | 3.2% | 3.0% | 6.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 85.3% | 54.9% |
| ROA | 0.2% | 0.2% | 1.4% | 1.3% | 0.2% | -3.1% | -14.6% | 2.8% | 2.5% | 2.5% | 5.2% |
| ROIC | 3.5% | 3.5% | 5.8% | 6.3% | 3.2% | -2.2% | -23.3% | 6.9% | 6.9% | 12.3% | 14.2% |
| ROCE | 3.9% | 3.9% | 6.7% | 7.2% | 3.5% | -2.3% | -23.9% | 7.3% | 6.6% | 11.3% | 14.0% |
AAL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
American Airlines Group Inc. carries a Debt/EBITDA ratio of 10.5x, which is highly leveraged (223% above the sector average of 3.2x). Net debt stands at $34.3B ($36.0B total debt minus $1.7B cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | 6.43 |
| Debt / EBITDA | 10.45 | 10.45 | 8.27 | 8.18 | 12.19 | 36.19 | — | 6.21 | 7.07 | 4.01 | 3.54 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | 6.35 |
| Net Debt / EBITDA | 9.96 | 9.96 | 8.09 | 8.07 | 12.07 | 35.97 | — | 6.16 | 7.01 | 3.96 | 3.49 |
| Debt / FCF | — | — | 28.26 | 33.21 | — | 92.55 | — | — | — | — | 30.29 |
| Interest Coverage | 1.11 | 1.11 | 1.60 | 1.52 | 1.09 | -0.42 | -8.33 | 3.06 | 2.78 | 4.22 | 5.19 |
AAL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.50x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.7B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.62x to 0.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.50 | 0.50 | 0.54 | 0.62 | 0.71 | 0.91 | 0.67 | 0.45 | 0.48 | 0.60 | 0.74 |
| Quick Ratio | 0.38 | 0.38 | 0.43 | 0.51 | 0.60 | 0.82 | 0.57 | 0.35 | 0.39 | 0.51 | 0.67 |
| Cash Ratio | 0.27 | 0.27 | 0.29 | 0.34 | 0.42 | 0.65 | 0.41 | 0.21 | 0.26 | 0.33 | 0.46 |
| Asset Turnover | — | 0.88 | 0.88 | 0.84 | 0.76 | 0.45 | 0.28 | 0.76 | 0.74 | 0.81 | 0.78 |
| Inventory Turnover | 15.82 | 15.82 | 16.20 | 17.07 | 17.52 | 16.63 | 15.22 | 18.71 | 22.66 | 23.03 | 25.97 |
| Days Sales Outstanding | — | 13.86 | 13.51 | 14.01 | 15.94 | 18.38 | 28.25 | 13.96 | 13.98 | 15.00 | 14.49 |
AAL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
American Airlines Group Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.6% | 1.4% | 1.2% | 0.8% | 0.9% |
| Payout Ratio | — | — | — | — | — | — | — | 10.6% | 13.2% | 15.4% | 8.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.1% | 7.1% | 8.3% | 1.5% | — | — | 13.2% | 9.4% | 7.5% | 10.3% |
| FCF Yield | — | — | 10.3% | 12.2% | — | 4.3% | — | — | — | — | 3.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.2% | 2.3% | 8.6% | 5.6% | 6.3% | 17.3% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.2% | 2.8% | 10.0% | 6.8% | 7.1% | 18.2% |
| Shares Outstanding | — | $662M | $721M | $720M | $655M | $644M | $484M | $444M | $466M | $492M | $556M |
Peer Comparison
Compare AAL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AALYou | $11B | 94.1 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 UAL | $38B | 11.6 | 8.3 | 15.0 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 LUV | $24B | 60.7 | 13.2 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
 JBLU | $2B | -3.4 | 32.3 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 ALGT | $2B | -40.6 | 8.4 | 24.8 | 15.4% | 6.7% | -4.2% | 4.6% | 4.4 |
 SKYW | $4B | 8.9 | 6.2 | 13.0 | 61.6% | 15.2% | 16.6% | 9.2% | 2.4 |
 ULCC | $2B | -12.0 | — | — | 35.5% | -4.0% | -25.0% | -2.3% | — |
 MESA | $879M | -0.0 | — | 63.1 | 99.1% | -46.5% | -528.9% | -62.9% | — |
 SNCY | $876M | 16.8 | 6.6 | 10.4 | 66.9% | 8.9% | 8.8% | 6.9% | 3.0 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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AAL — Frequently Asked Questions
Quick answers to the most common questions about buying AAL stock.
What is American Airlines Group Inc.'s P/E ratio?
American Airlines Group Inc.'s current P/E ratio is 94.1x. The historical average is 22.3x. This places it at the 100th percentile of its historical range.
What is American Airlines Group Inc.'s EV/EBITDA?
American Airlines Group Inc.'s current EV/EBITDA is 13.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
Is AAL stock overvalued?
Based on historical data, American Airlines Group Inc. is trading at a P/E of 94.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are American Airlines Group Inc.'s profit margins?
American Airlines Group Inc. has 19.2% gross margin and 2.7% operating margin.
How much debt does American Airlines Group Inc. have?
American Airlines Group Inc.'s Debt/EBITDA ratio is 10.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.