LATAM Airlines Group S.A.
IndustrialsNYSE:LTM · New York Stock Exchange
+$1.78 today
Vol 1.04M · Avg 0.95M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$15.0B of revenue converted into $1.7B of net income for the selected period. Gross margin is 29.6% and net margin is 11.0%, showing how much revenue survives after costs and taxes. EPS is $5.60, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.3B +11.2% | $12.8B +10.2% | $11.6B +24.3% | $9.4B +91.7% | $4.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $10.1B +5.6% | $9.6B +8.5% | $8.8B +8.8% | $8.1B +63.3% | $5.0B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $4.2B +27.3% | $3.3B +15.7% | $2.8B +124.3% | $1.3B +1684.3% | -$79.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 29.2% +3.7pp | 25.5% +1.2pp | 24.3% +10.8pp | 13.4% +15.1pp | -1.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.4B +1.3% | $1.4B +12.6% | $1.3B +26.7% | $1.0B +37.2% | $731.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.8B +5.7% | $1.7B -1.1% | $1.7B +3578.4% | $47.5M -98.6% | $3.3B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $939.1M +17.5% | $799.6M | $0 | $0 | $0 | $374.2M | $1.2B | $631.8M |
| EBITDA | $3.3B +25.4% | $2.6B +104.3% | $1.3B -43.3% | $2.3B +167.7% | -$3.3B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 23.0% +2.6pp | 20.4% +9.4pp | 11.0% -13.1pp | 24.1% +92.4pp | -68.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $2.3B +51.6% | $1.5B +42.9% | $1.1B -11.0% | $1.2B +135.4% | -$3.4B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 16.4% +4.4pp | 12.0% +2.7pp | 9.3% -3.7pp | 12.9% +83.1pp | -70.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $146.0M +2.6% | $142.4M | $0 -100.0% | $49.8M +136.1% | $21.1M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $720.3M -12.3% | $820.9M +20.2% | $682.9M -25.1% | $911.8M +13.2% | $805.5M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$716.9M -31.0% | -$547.1M -13.6% | -$481.7M -458.2% | $134.5M +120.4% | -$658.4M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.6B +62.8% | $993.9M +66.6% | $596.5M -55.7% | $1.3B +133.0% | -$4.1B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 11.3% +3.6pp | 7.7% +2.6pp | 5.1% -9.3pp | 14.4% +98.0pp | -83.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $155.1M +840.4% | $16.5M +10.4% | $14.9M +67.6% | $8.9M -98.4% | $568.9M | $1.3B | -$1.6B | $745.2M |
| Net Income | $1.5B +49.4% | $977.0M +67.9% | $581.8M -56.6% | $1.3B +128.8% | -$4.6B | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.2% +2.6pp | 7.6% +2.6pp | 5.0% -9.3pp | 14.3% +109.5pp | -95.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $5 +56.2% | $3 +60.0% | $2 -92.8% | $28 +103.2% | -$860 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $5 +56.2% | $3 +60.0% | $2 -92.6% | $27 +103.2% | -$860 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $294.8M -2.4% | $302.2M +0.0% | $302.2M +525.6% | $48.3M +788.8% | $5.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $294.7M -2.5% | $302.2M +0.0% | $302.2M +513.5% | $49.3M +806.4% | $5.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Ryanair Holdings plc
NASDAQ:RYAAY
$31.40B
J.B. Hunt Transport Services, Inc.
NASDAQ:JBHT
$27.29B
ZTO Express (Cayman) Inc.
NYSE:ZTO
$18.08B
Lincoln Electric Holdings, Inc.
NASDAQ:LECO
$14.15B
CNH Industrial N.V.
NYSE:CNH
$13.14B
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.
NYSE:PAC
$12.30B
American Airlines Group Inc.
NASDAQ:AAL
$9.91B
Booz Allen Hamilton Holding Corporation
NYSE:BAH
$9.27B
Joby Aviation, Inc.
NYSE:JOBY
$9.00B
Grupo Aeroportuario del Sureste, S. A. B. de C. V.
NYSE:ASR
$8.62B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does LTM generate?
LATAM Airlines Group S.A. (LTM) reported $14.27B of revenue in fiscal 2025.
Is LTM profitable?
LATAM Airlines Group S.A. (LTM) reported $1.46B of net income, with a net margin of 10.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.