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.
LATAM Airlines Group S.A.'s quarterly P/E stands at 6.2x, down 5.1% year-over-year. EV/EBITDA has expanded 68.2% YoY to 6.4x, reflecting rising market expectations or slowing EBITDA growth.
| 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 → | 11.15 | 6.19 | 8.44 | 9.43 | 12.70 | 6.52 | 6.89 | 6.60 | — | — | — | — | — |
| — | -5.1% | +22.4% | +42.8% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.14 | 0.87 | 1.05 | 0.86 | 0.93 | 0.71 | 0.62 | 0.61 | — | — | — | — | — |
| — | +23.3% | +68.9% | +40.7% | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 12.28 | 7.37 | 12.23 | 12.01 | 13.46 | 10.07 | 11.72 | 11.17 | — | — | — | — | — |
| — | -26.7% | +4.3% | +7.6% | — | — | — | — | — | — | — | — | — | |
| P/FCF | 10.97 | 6.04 | 7.15 | 6.01 | 25.15 | 8.35 | 4.68 | 5.21 | — | — | — | — | — |
| — | -27.7% | +53.0% | +15.4% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 6.80 | 6.39 | 7.93 | 7.58 | 5.18 | 3.80 | 7.21 | 4.65 | — | — | — | — | — |
| — | +68.2% | +10.0% | +62.8% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 9.53 | 6.39 | 7.93 | 7.58 | 10.73 | 7.02 | 7.51 | 7.57 | — | — | — | — | — |
| — | -8.9% | +5.6% | +0.1% | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
LATAM Airlines Group S.A.'s operating margin was 20.1% in Q1 2026, up 2.7 pp QoQ and up 3.4 pp YoY. The trailing four-quarter average of 17.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 10.5% 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 | 29.2% | 31.3% | 29.9% | 31.0% | 26.3% | 28.3% | 27.6% | 25.8% | 19.6% | 26.7% | 24.3% | 27.3% | 23.3% |
| — | +10.5% | +8.4% | +20.1% | +34.1% | +6.0% | +13.2% | -5.4% | -16.1% | +23.0% | -55.2% | +93.2% | +202.6% | |
| Operating Margin | 16.4% | 20.1% | 17.4% | 18.2% | 12.9% | 16.7% | 13.5% | 13.4% | 9.0% | 12.1% | 8.8% | 10.7% | 8.6% |
| — | +20.3% | +28.9% | +35.5% | +42.9% | +38.1% | +53.3% | +25.0% | +4.8% | +37.5% | -87.3% | +398.5% | +152.2% | |
| Net Margin | 10.2% | 14.1% | 12.5% | 10.0% | 7.4% | 10.6% | 8.1% | 9.3% | 3.5% | 7.9% | 2.6% | 7.7% | 5.5% |
| — | +33.0% | +53.4% | +7.4% | +115.4% | +34.2% | +215.4% | +21.1% | -37.3% | +79.9% | -97.2% | +166.2% | +122.9% |
| 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 | 142.5% | 35.3% | 39.8% | 37.9% | 26.3% | 43.1% | 38.1% | 48.5% | 18.8% | 50.3% | 19.1% | 68.6% | 66.7% |
| — | -18.0% | +4.5% | -21.7% | +40.1% | -14.5% | +99.5% | -29.3% | -71.8% | -54.5% | -99.8% | — | — | |
| ROA | 8.9% | 3.2% | 2.8% | 2.3% | 1.5% | 2.3% | 1.8% | 2.0% | 0.7% | 1.7% | 0.6% | 1.7% | 1.1% |
| — | +38.8% | +56.7% | +12.8% | +112.4% | +30.7% | +211.4% | +20.5% | -34.4% | +91.1% | -97.0% | +176.8% | +128.4% | |
| ROIC | 26.6% | 8.2% | 7.2% | 8.0% | 5.2% | 7.1% | 5.7% | 5.5% | 3.5% | 5.1% | 3.8% | 4.6% | 3.2% |
| — | +14.7% | +26.8% | +43.8% | +48.1% | +38.9% | +50.0% | +21.0% | +10.0% | +57.8% | -88.4% | +201.8% | +128.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
LATAM Airlines Group S.A.'s Debt/EBITDA ratio is 10.7x, down from 11.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 7.7% YoY to 0.67x, strengthening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| 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 | 6.05 | 4.36 | 6.05 | 6.95 | 8.32 | 7.55 | 10.05 | 10.10 | 13.67 | 12.19 | 15.83 | 15.53 | 26.22 |
| — | -42.3% | -39.8% | -31.2% | -39.1% | -38.1% | -36.5% | -35.0% | -47.9% | -66.1% | -92.9% | — | — | |
| Debt / EBITDA | 2.47 | 10.70 | 11.51 | 12.30 | 8.85 | 7.49 | 15.24 | 10.19 | 23.67 | 8.06 | 21.32 | 16.69 | 20.60 |
| — | +43.0% | -24.5% | +20.8% | -62.6% | -7.1% | -28.5% | -39.0% | +14.9% | -67.2% | +790.2% | -50.5% | — | |
| Current Ratio | 0.60 | 0.67 | 0.60 | 0.60 | 0.59 | 0.62 | 0.62 | 0.68 | 0.70 | 0.76 | 0.74 | 0.75 | 0.73 |
| — | +7.7% | -3.1% | -10.9% | -16.5% | -18.2% | -16.1% | -10.2% | -4.0% | +4.5% | +6.3% | +258.2% | +231.8% | |
| Quick Ratio | 0.54 | 0.60 | 0.54 | 0.54 | 0.52 | 0.56 | 0.55 | 0.60 | 0.61 | 0.66 | 0.63 | 0.65 | 0.63 |
| — | +8.3% | -2.2% | -9.6% | -13.9% | -15.7% | -13.3% | -8.3% | -3.7% | +4.3% | +5.6% | +259.0% | +222.7% | |
| Interest Coverage | 3.24 | 5.09 | 4.61 | 3.70 | 2.63 | 3.38 | 1.76 | 2.24 | 1.61 | 2.06 | 1.48 | 2.30 | 1.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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LATAM Airlines Group S.A.'s current P/E is 11.1x. The average P/E over the last 4 quarters is 9.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
LATAM Airlines Group S.A.'s current operating margin is 16.4%. Margins have been expanding 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 LATAM Airlines Group S.A.'s business trajectory between earnings reports.