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 → | 10.36 | 6.19 | 8.44 | 9.43 | 12.70 | 6.52 | 6.89 | 6.60 | — | — | — | — | — |
| — | -5.1% | +22.4% | +42.8% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.06 | 0.87 | 1.05 | 0.86 | 0.93 | 0.71 | 0.62 | 0.61 | — | — | — | — | — |
| — | +23.3% | +68.9% | +40.7% | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 11.41 | 7.37 | 12.23 | 12.01 | 13.46 | 10.07 | 11.72 | 11.17 | — | — | — | — | — |
| — | -26.7% | +4.3% | +7.6% | — | — | — | — | — | — | — | — | — | |
| P/FCF | 10.20 | 6.04 | 7.15 | 6.01 | 25.15 | 8.35 | 4.68 | 5.21 | — | — | — | — | — |
| — | -27.7% | +53.0% | +15.4% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 6.44 | 6.39 | 7.93 | 7.58 | 5.18 | 3.80 | 7.21 | 4.65 | — | — | — | — | — |
| — | +68.2% | +10.0% | +62.8% | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 9.04 | 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
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying LTM stock.
LATAM Airlines Group S.A.'s current P/E is 10.4x. 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.