Grupo Aeroméxico, S.A.B. de C.V. (AERO) 10-Year Financial Performance & Capital Metrics

AERO • • Industrial / General

IndustrialsAirlines & AirportsFull-Service Network AirlinesInternational Network Carriers

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 $5.62B +14.3%
EBITDA $1.72B +32.9%
Net Income $617M +125.9%
EPS (Diluted) 0.00
Gross Margin 31.21% +15.3%
EBITDA Margin 30.64% +16.3%
Operating Margin 18.98% +30.4%
Net Margin 10.99% +97.6%
ROE -
ROIC -
Debt/Equity -
Interest Coverage 3.65 +50.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓FCF machine: 15.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y36.26%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg34.72%

5Y Avg34.72%

3Y Avg34.72%

Latest35.48%

Peer Comparison

International Network Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LTMLATAM Airlines Group S.A.	16.9B	58.88	18.40	10.24%	9.08%	113.68%	9.98%	10.05
CPACopa Holdings, S.A.	3.89B	128.92	8.86	-0.31%	18.83%	24.93%	8.75%	0.84
AEROGrupo Aeroméxico, S.A.B. de C.V.	2.9B	19.86		14.32%	10.99%		30.15%

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.22B	3.81B	4.92B	5.62B
Revenue Growth %	-	0.72%	0.29%	0.14%
Cost of Goods Sold+	2.19B	3.31B	3.59B	3.87B
COGS % of Revenue	0.99%	0.87%	0.73%	0.69%
Gross Profit+	31.48M	498.6M	1.33B	1.75B
Gross Margin %	0.01%	0.13%	0.27%	0.31%
Gross Profit Growth %	-	14.84%	1.67%	0.32%
Operating Expenses+	674.43M	-12.23M	614.76M	687.21M
OpEx % of Revenue	0.3%	-0%	0.13%	0.12%
Selling, General & Admin	198.33M	287.37M	357.55M	406.34M
SG&A % of Revenue	0.09%	0.08%	0.07%	0.07%
Research & Development	0	0	0	0
R&D % of Revenue	-	-	-	-
Other Operating Expenses	476.1M	-299.59M	257.21M	280.87M
Operating Income+	-642.96M	510.83M	715.82M	1.07B
Operating Margin %	-0.29%	0.13%	0.15%	0.19%
Operating Income Growth %	-	1.79%	0.4%	0.49%
EBITDA+	-178.2M	964.37M	1.3B	1.72B
EBITDA Margin %	-0.08%	0.25%	0.26%	0.31%
EBITDA Growth %	-	6.41%	0.34%	0.33%
D&A (Non-Cash Add-back)	464.76M	453.55M	579.78M	655.06M
EBIT	-816.74M	346.03M	582.69M	989.71M
Net Interest Income+	-215.56M	-270.44M	-230.83M	-237.03M
Interest Income	4.03M	15.33M	64.18M	55.47M
Interest Expense	219.59M	285.77M	295.01M	292.49M
Other Income/Expense	-393.37M	-450.58M	-428.14M	-369.47M
Pretax Income+	-1.04B	60.25M	287.68M	697.22M
Pretax Margin %	-0.47%	0.02%	0.06%	0.12%
Income Tax+	-118.65M	124.48M	14.31M	79.73M
Effective Tax Rate %	0.89%	-1.07%	0.95%	0.89%
Net Income+	-917.7M	-64.25M	273.33M	617.44M
Net Margin %	-0.41%	-0.02%	0.06%	0.11%
Net Income Growth %	-	0.93%	5.25%	1.26%
Net Income (Continuing)	-917.67M	-64.22M	273.37M	617.49M
Discontinued Operations	0	0	0	0
Minority Interest	238.05K	1.97M	2M	2.05M
EPS (Diluted)+	0.00	0.00	0.00	0.00
EPS Growth %	-	-	-	-
EPS (Basic)	0.00	0.00	0.00	0.00
Diluted Shares Outstanding	0	0	0	0
Basic Shares Outstanding	0	0	0	0
Dividend Payout Ratio	-	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.29B	1.38B	1.71B	1.65B
Cash & Short-Term Investments	946.96M	755.16M	912.87M	815.5M
Cash Only	946.96M	755.16M	912.87M	815.5M
Short-Term Investments	0	0	0	0
Accounts Receivable	126.44M	179.21M	286.33M	236.07M
Days Sales Outstanding	20.78	17.16	21.26	15.33
Inventory	77.65M	96.97M	108.46M	139.72M
Days Inventory Outstanding	12.94	10.68	11.04	13.19
Other Current Assets	102.47M	301.51M	358.19M	384.99M
Total Non-Current Assets+	2.96B	4.17B	4.38B	4.74B
Property, Plant & Equipment	2.41B	2.64B	2.79B	3.21B
Fixed Asset Turnover	0.92x	1.44x	1.76x	1.75x
Goodwill	0	0	0	503.57M
Intangible Assets	73.87M	0	0	576.78M
Long-Term Investments	0	0	0	0
Other Non-Current Assets	467.91M	170.46M	182.75M	188.29M
Total Assets+	4.24B	5.55B	6.09B	6.38B
Asset Turnover	0.52x	0.69x	0.81x	0.88x
Asset Growth %	-	0.31%	0.1%	0.05%
Total Current Liabilities+	4.86B	2.6B	3.27B	3.19B
Accounts Payable	687.01M	842.23M	1.26B	1.36B
Days Payables Outstanding	114.51	92.78	128.48	127.95
Short-Term Debt	1.38B	0	0	89.05M
Deferred Revenue (Current)	0	0	0	0
Other Current Liabilities	2.09B	1.57B	1.69B	1.02B
Current Ratio	0.27x	0.53x	0.52x	0.52x
Quick Ratio	0.25x	0.49x	0.49x	0.47x
Cash Conversion Cycle	-80.79	-64.94	-96.18	-99.43
Total Non-Current Liabilities+	2.05B	3.67B	3.56B	4.09B
Long-Term Debt	0	0	0	0
Capital Lease Obligations	0	0	0	0
Deferred Tax Liabilities	204.88K	105.69M	121.14M	121.09M
Other Non-Current Liabilities	2.05B	3.57B	3.43B	3.97B
Total Liabilities	6.91B	6.28B	6.82B	7.28B
Total Debt+	1.91B	0	0	448.3M
Net Debt	960.32M	-755.16M	-912.87M	-367.2M
Debt / Equity	-	-	-	-
Debt / EBITDA	-	-	-	0.26x
Net Debt / EBITDA	-	-0.78x	-0.70x	-0.21x
Interest Coverage	-2.93x	1.79x	2.43x	3.65x
Total Equity+	-2.66B	-730.83M	-732.92M	-899.91M
Equity Growth %	-	0.73%	-0%	-0.23%
Book Value per Share	-	-	-	-
Total Shareholders' Equity	-2.66B	-732.8M	-734.93M	-901.96M
Common Stock	173.2M	4.6B	4.33B	3.53B
Retained Earnings	-3.01B	-3.21B	-2.94B	-2.31B
Treasury Stock	0	0	0	0
Accumulated OCI	0	0	0	0
Minority Interest	238.05K	1.97M	2M	2.05M

Cash Flow

	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	55.02M	-230.31M	1.35B	1.37B
Operating CF Margin %	0.02%	-0.06%	0.27%	0.24%
Operating CF Growth %	-	-5.19%	6.84%	0.02%
Net Income	-1.04B	-64.22M	273.37M	617.49M
Depreciation & Amortization	464.76M	453.55M	579.78M	655.06M
Stock-Based Compensation	0	0	0	17.66M
Deferred Taxes	0	0	0	0
Other Non-Cash Items	779.04M	-500.72M	293.81M	180.37M
Working Capital Changes	-152.46M	-118.91M	198.16M	-103.06M
Change in Receivables	-22.52M	-167.41M	-107.33M	-44.33M
Change in Inventory	-10.04M	-19.52M	-9.93M	-33.42M
Change in Payables	0	0	0	0
Cash from Investing+	-118.83M	-521.65M	-406.21M	-489M
Capital Expenditures	-189.27M	-250.59M	-387.13M	-464.72M
CapEx % of Revenue	0.09%	0.07%	0.08%	0.08%
Acquisitions	-	-	-	-
Investments	-	-	-	-
Other Investing	71.05M	-8.11M	-19.08M	-24.28M
Cash from Financing+	655.79M	595.67M	-909.83M	-920.06M
Debt Issued (Net)	-	-	-	-
Equity Issued (Net)	-	-	-	-
Dividends Paid	0	0	0	0
Share Repurchases	-	-	-	-
Other Financing	-30.72M	-112.7M	-302.86M	-370.6M
Net Change in Cash	-	-	-	-
Free Cash Flow+	-138.7M	-494.6M	924.75M	873.71M
FCF Margin %	-0.06%	-0.13%	0.19%	0.16%
FCF Growth %	-	-2.57%	2.87%	-0.06%
FCF per Share	-	-	-	-
FCF Conversion (FCF/Net Income)	-0.06x	3.58x	4.92x	2.21x
Interest Paid	0	0	0	0
Taxes Paid	0	0	0	0

Key Ratios

Metric	2021	2022	2023	2024
Gross Margin	1.42%	13.08%	27.07%	31.21%
Net Margin	-41.31%	-1.69%	5.56%	10.99%
Interest Coverage	-2.93x	1.79x	2.43x	3.65x
FCF Conversion	-0.06x	3.58x	4.92x	2.21x
Revenue Growth	-	71.61%	28.96%	14.32%

Frequently Asked Questions

Growth & Financials

Grupo Aeroméxico, S.A.B. de C.V. (AERO) reported $5.62B in revenue for fiscal year 2024. This represents a 153% increase from $2.22B in 2021.

Grupo Aeroméxico, S.A.B. de C.V. (AERO) grew revenue by 14.3% over the past year. This is steady growth.

Yes, Grupo Aeroméxico, S.A.B. de C.V. (AERO) is profitable, generating $617.4M in net income for fiscal year 2024 (11.0% net margin).

Dividend & Returns

Grupo Aeroméxico, S.A.B. de C.V. (AERO) generated $873.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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