Last 48 quarters of trend data · Industrials · Airlines, Airports & Air Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 56.5% YoY to 23.5x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 94.06 | — | 25.55 | — | 3.08 | — | 5.31 | — | 2.80 | — | 114.50 | — | 2.39 |
| — | — | +380.8% | — | +9.9% | — | -95.4% | — | +17.6% | — | +4004.7% | — | -48.8% | |
| P/S Ratio | 0.19 | 0.13 | 0.18 | 0.14 | 0.13 | 0.14 | 0.23 | 0.14 | 0.14 | 0.20 | 0.17 | 0.16 | 0.23 |
| — | -7.8% | -21.3% | +0.1% | -9.6% | -30.8% | +33.2% | -12.9% | -38.0% | +0.8% | +0.1% | -2.9% | +35.3% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | 0.42 | — | — | 3.99 | 1.06 | — | — | 4.28 | 1.86 | — | — | 3.15 |
| — | -60.5% | — | — | -6.7% | -42.6% | — | — | +35.8% | +116.8% | — | — | +57.8% | |
| EV / EBITDA | 13.03 | 23.46 | 11.01 | 17.06 | 6.79 | 53.93 | 9.75 | 20.13 | 6.32 | 25.96 | 10.11 | 35.72 | 5.03 |
| — | -56.5% | +13.0% | -15.2% | +7.4% | +107.8% | -3.6% | -43.7% | +25.7% | +83.9% | +50.9% | +305.1% | -40.3% | |
| EV / EBIT | 30.57 | 195.82 | 19.69 | 36.77 | 8.61 | — | 9.75 | 51.04 | 7.76 | 147.39 | 22.28 | — | 5.94 |
| — | — | +102.1% | -28.0% | +10.9% | — | -56.3% | — | +30.7% | +529.5% | +162.5% | — | -52.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
American Airlines Group Inc.'s operating margin was -0.3% in Q1 2026, down 3.5 pp QoQ and up 1.9 pp YoY. The trailing four-quarter average of 3.0% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 73.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.2% | 26.0% | 20.0% | 17.3% | 23.7% | 15.0% | 23.3% | 20.4% | 24.3% | 16.1% | 20.1% | 19.9% | 29.5% |
| — | +73.7% | -14.2% | -14.8% | -2.2% | -6.9% | +16.0% | +2.2% | -17.7% | -16.6% | -18.5% | -5.0% | +36.3% | |
| Operating Margin | 2.7% | -0.3% | 3.2% | 1.1% | 7.9% | -2.2% | 8.3% | 0.7% | 9.7% | 0.1% | 5.0% | -1.7% | 15.4% |
| — | +86.3% | -61.1% | +69.1% | -18.3% | -3962.1% | +65.3% | +139.4% | -37.3% | -98.4% | -52.1% | -123.9% | +103.1% | |
| Net Margin | 0.2% | -2.7% | 0.7% | -0.8% | 4.2% | -3.8% | 4.3% | -1.1% | 5.0% | -2.5% | 0.1% | -4.0% | 9.5% |
| — | +27.1% | -83.6% | +23.7% | -16.8% | -51.8% | +2868.5% | +73.0% | -47.5% | -3127.0% | -97.6% | -212.7% | +168.4% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 0.2% | -0.6% | 0.2% | -0.2% | 0.9% | -0.8% | 0.9% | -0.2% | 1.1% | -0.5% | 0.0% | -0.8% | 2.0% |
| — | +20.0% | -83.0% | +22.4% | -15.0% | -55.3% | +3092.2% | +71.5% | -44.1% | -3321.1% | -97.6% | -214.2% | +183.8% | |
| ROIC | 3.5% | -0.1% | 1.1% | 0.4% | 2.7% | -0.6% | 2.6% | 0.2% | 3.1% | 0.0% | 1.4% | -0.5% | 4.4% |
| — | +83.8% | -57.3% | +79.8% | -12.5% | -4234.6% | +83.6% | +143.2% | -30.1% | -98.3% | -50.2% | -123.8% | +107.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
American Airlines Group Inc.'s Debt/EBITDA ratio is 79.6x, up from 35.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 5.5% YoY to 0.49x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 10.45 | 79.57 | 35.65 | 57.70 | 23.09 | 184.85 | 29.68 | 68.97 | 21.23 | 83.98 | 33.47 | 120.13 | 15.62 |
| — | -57.0% | +20.1% | -16.3% | +8.8% | +120.1% | -11.3% | -42.6% | +35.9% | +80.8% | +49.8% | +303.8% | -44.7% | |
| Current Ratio | 0.50 | 0.49 | 0.50 | 0.54 | 0.58 | 0.52 | 0.54 | 0.57 | 0.60 | 0.58 | 0.62 | 0.69 | 0.75 |
| — | -5.5% | -8.0% | -5.0% | -2.7% | -10.5% | -12.0% | -17.4% | -19.8% | -18.9% | -13.4% | -13.4% | -7.9% | |
| Quick Ratio | 0.38 | 0.38 | 0.38 | 0.42 | 0.48 | 0.42 | 0.43 | 0.47 | 0.50 | 0.48 | 0.51 | 0.58 | 0.66 |
| — | -8.9% | -11.2% | -8.6% | -3.9% | -13.0% | -14.5% | -20.4% | -24.3% | -22.8% | -16.2% | -15.3% | -8.2% | |
| Interest Coverage | 1.11 | 0.13 | 1.34 | 0.67 | 2.94 | -0.51 | 2.69 | 0.47 | 3.12 | 0.17 | 1.06 | -0.28 | 4.22 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AAL stock.
American Airlines Group Inc.'s current P/E is 94.1x. The average P/E over the last 2 quarters is 14.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
American Airlines Group Inc.'s current operating margin is 2.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking American Airlines Group Inc.'s business trajectory between earnings reports.