LATAM Airlines Group S.A. (LTM) Key Metrics
LTM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.20B
- Enterprise value
- $21.27B
- P/E (TTM)
- 8.8
- Forward P/E
- 10.2
- PEG ratio
- 2.58
- Price / sales
- 0.9
- Price / book
- 7.7
- EV / EBITDA
- 9.2
- Dividend yield
- 3.09% $1.53 a year
- Beta
- 0.84
LTM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLTM valuation Price multiples at each fiscal year-end price.
LTM returns How much profit the business earns on the capital it uses.
LTM per-share figures Results divided by the shares outstanding at year-end.
LTM financial health Debt, liquidity and how easily interest is covered.
LTM efficiency & capital use Working capital cycle and where the cash goes.
LTM valuation history
LTM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LTM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LTM cash returned to shareholders
LTM price vs earnings per share
LTM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $15.91B | $8.34B | — | — | — | — | — | — | — | — |
| Enterprise value | $21.83B | $13.48B | — | — | — | — | — | — | — | — |
| P/E ratio | 10.9 | 8.5 | — | — | — | — | — | — | — | — |
| Price / sales | 1.1 | 0.6 | — | — | — | — | — | — | — | — |
| Price / book | 11.8 | 11.5 | — | — | — | — | — | — | — | — |
| Price / free cash flow | 10.7 | 4.9 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 4.9 | 2.7 | — | — | — | — | — | — | — | — |
| EV / sales | 1.5 | 1.1 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 5.4 | 4.1 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 14.7 | 8.0 | — | — | — | — | — | — | — | — |
| Earnings yield | 9.2% | 11.7% | — | — | — | — | — | — | — | — |
| Free cash flow yield | 9.3% | 20.2% | — | — | — | — | — | — | — | — |
| Dividend yield | 3.8% | 2.1% | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 7.5% | 2.1% | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $54.01 | $27.58 | — | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $48.41 | $42.46 | $38.52 | — | — | — | — | — | — | — |
| Earnings per share | $4.95 | $3.23 | $1.93 | — | — | — | — | — | — | — |
| Operating cash flow per share | $11.06 | $10.28 | $7.49 | — | — | — | — | — | — | — |
| Free cash flow per share | $5.05 | $5.58 | $4.86 | — | — | — | — | — | — | — |
| Cash per share | $7.36 | $6.65 | $6.14 | — | — | — | — | — | — | — |
| Book value per share | $4.57 | $2.39 | $1.49 | — | — | — | — | — | — | — |
| Tangible book value per share | $0.73 | −$0.92 | −$2.32 | — | — | — | — | — | — | — |
| Dividends per share | $2.05 | $0.58 | $0.00 | — | — | — | — | — | — | — |
| Capex per share | $6.02 | $4.70 | $2.63 | — | — | — | — | — | — | — |
| Debt per share | $27.45 | $23.66 | $23.28 | — | — | — | — | — | — | — |
| Shares outstanding | 294.7M | 302.2M | 302.2M | — | — | — | — | — | — | — |
| Change in shares outstanding | −2.5% | 0.0% | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 141.1% | 166.5% | 236.2% | — | — | — | 5.6% | 4.6% | 3.8% | 2.0% |
| Return on invested capital (ROIC) | 32.2% | 26.4% | 18.8% | 30.4% | −59.2% | −37.9% | 7.0% | 7.5% | 3.5% | 2.3% |
| Return on assets (ROA) | 8.9% | 6.5% | 4.2% | 10.1% | −32.1% | −24.7% | 1.0% | 1.0% | 0.8% | 0.4% |
| Return on tangible assets | 8.8% | 6.9% | 4.3% | 11.0% | −37.9% | −31.1% | 1.1% | 1.3% | 1.1% | 0.5% |
| Free cash flow margin | 10.4% | 13.1% | 12.6% | −7.8% | −17.6% | −22.8% | 14.0% | 7.7% | 12.2% | 2.3% |
| Income quality (OCF / net income) | 2.23 | 3.18 | 3.89 | 0.07 | — | — | 14.84 | 8.34 | 10.73 | 14.33 |
| Financial health | ||||||||||
| Total debt | $8.09B | $7.15B | $7.04B | $6.87B | $10.54B | $10.96B | $10.42B | $7.26B | $7.89B | $8.60B |
| Cash & short-term investments | $2.17B | $2.01B | $1.85B | $1.35B | $1.12B | $1.74B | $1.47B | $1.41B | $1.62B | $1.63B |
| Net debt | $5.92B | $5.14B | $5.18B | $5.51B | $9.42B | $9.22B | $8.96B | $5.85B | $6.27B | $6.97B |
| Debt / equity | 6.01 | 9.89 | 15.63 | 162.39 | — | — | 3.33 | 1.98 | 1.89 | 2.10 |
| Debt / assets | 0.46 | 0.47 | 0.48 | 0.52 | 0.79 | 0.70 | 0.49 | 0.41 | 0.42 | 0.45 |
| Net debt / EBITDA | 1.45 | 1.58 | 2.28 | 1.71 | — | — | 4.61 | 3.41 | 3.55 | 4.95 |
| Current ratio | 0.60 | 0.62 | 0.74 | 0.69 | 0.21 | 0.42 | 0.58 | 0.59 | 0.64 | 0.58 |
| Quick ratio | 0.54 | 0.55 | 0.63 | 0.60 | 0.19 | 0.38 | 0.53 | 0.54 | 0.60 | 0.54 |
| Interest coverage | 3.2 | 1.9 | 1.6 | 1.3 | -4.3 | -7.7 | 1.3 | 1.7 | 1.8 | 1.2 |
| Working capital | −$2.91B | −$2.39B | −$1.48B | −$1.55B | −$9.70B | −$4.35B | −$2.94B | −$2.26B | −$2.10B | −$2.60B |
| Invested capital | $7.27B | $5.86B | $5.63B | $5.56B | $2.36B | $6.79B | $12.09B | $9.52B | $10.45B | $11.07B |
| Tangible asset value | $207.2M | −$288.8M | −$713.7M | −$1.05B | −$8.09B | −$3.49B | −$528.6M | $11.6M | −$22.6M | −$135.4M |
| Net current asset value | −$11.92B | −$10.64B | −$10.03B | −$9.64B | −$17.74B | −$14.95B | −$13.94B | −$10.51B | −$10.79B | −$11.39B |
| Graham number | $22.56 | $13.19 | $8.03 | — | — | — | — | — | — | — |
| Graham net-net per share | −$43.26 | −$37.35 | −$36.02 | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $605.2M | $174.8M | $0 | $0 | $0 | $571,000 | $55.1M | $72.6M | $66.6M | $41.2M |
| Share buybacks (net) | $584.8M | $0 | $0 | $0 | — | — | — | — | — | — |
| Dividend payout ratio | 41.5% | 17.9% | 0.0% | 0.0% | — | — | 28.9% | 39.9% | 42.9% | 59.6% |
| Dividends + buybacks / free cash flow | 80.0% | 10.4% | 0.0% | — | — | — | 3.9% | 9.6% | 5.7% | 19.7% |
| Capex / revenue | 12.4% | 11.1% | 6.8% | 8.9% | 13.8% | 10.2% | 14.1% | 7.6% | 5.1% | 8.7% |
| Capex / operating cash flow | 54.4% | 45.7% | 35.2% | 858.1% | — | — | 50.1% | 49.9% | 29.5% | 78.9% |
| Capex / depreciation | 1.02 | 0.99 | 0.80 | 0.86 | 0.68 | 0.35 | 1.15 | 0.65 | 0.63 | 0.85 |
| Stock-based compensation / revenue | — | — | — | — | — | — | 0.0% | −0.1% | 0.1% | 0.1% |
| SG&A / revenue | 10.2% | 11.1% | 10.9% | 6.2% | 15.0% | 20.2% | 13.1% | 7.3% | 9.8% | 9.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 37.3 | 42.0 | 43.9 | 43.3 | 66.2 | 107.7 | 55.1 | 51.1 | 48.6 | 46.7 |
| Days of inventory on hand | 16.2 | 19.7 | 22.2 | 17.2 | 22.5 | 33.9 | 14.5 | 12.1 | 11.7 | 12.2 |
| Days payables outstanding | 59.3 | 43.4 | 30.3 | 34.8 | 67.7 | 105.9 | 46.5 | 59.1 | 63.5 | 44.9 |
| Cash conversion cycle (days) | -5.8 | 18.3 | 35.8 | 25.7 | 20.9 | 35.7 | 23.1 | 4.0 | -3.2 | 14.0 |
| Receivables turnover | 9.79 | 8.68 | 8.32 | 8.44 | 5.51 | 3.39 | 6.63 | 7.15 | 7.51 | 7.82 |
| Payables turnover | 6.15 | 8.41 | 12.05 | 10.48 | 5.39 | 3.45 | 7.85 | 6.17 | 5.75 | 8.13 |
| Inventory turnover | 22.53 | 18.55 | 16.47 | 21.18 | 16.25 | 10.77 | 25.10 | 30.13 | 31.14 | 29.88 |
| Asset turnover | 0.87 | 0.86 | 0.84 | 0.71 | 0.34 | 0.21 | 0.52 | 0.54 | 0.51 | 0.48 |
| Average receivables | $1.46B | $1.48B | $1.40B | $1.11B | $885.8M | $1.16B | $1.52B | $1.38B | $1.28B | $1.15B |
| Average payables | $1.64B | $1.14B | $731.8M | $773.2M | $920.9M | $1.06B | $1.01B | $1.26B | $1.30B | $856.8M |
| Average inventory | $448.5M | $515.7M | $535.3M | $382.6M | $305.5M | $338.9M | $316.8M | $258.0M | $239.0M | $233.1M |
| Intangibles / total assets | 6.4% | 6.6% | 7.9% | 8.2% | 7.7% | 6.7% | 17.3% | 21.3% | 22.8% | 22.5% |
Computed from LTM's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LTM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), LATAM Airlines traded at 10.9 times earnings. Based on the latest twelve months, the trailing P/E is 8.8 and the forward P/E is 10.2. LATAM Airlines earned a return on equity of 141.1% and a return on invested capital of 32.2% in fiscal 2025. It ended the year with $8.1 billion of debt and $2.2 billion in cash and short-term investments, net debt of $5.9 billion. It returned $1.2 billion to shareholders: $605.2 million in dividends and $584.8 million in share buybacks, 80% of free cash flow.
See the LTM income statement, the LTM chart for price history, or the LTM stock overview for the latest quote and news.
LTM key metrics FAQ
What is LATAM Airlines's P/E ratio?
LATAM Airlines's trailing P/E ratio is 8.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.2. At the end of fiscal 2025 it was 10.9.
What is LATAM Airlines's EV/EBITDA?
LATAM Airlines's enterprise value was 5.4 times EBITDA at the end of fiscal 2025 (enterprise value $21.8 billion, EBITDA $4.1 billion); the current EV/EBITDA is 9.2.
What is LATAM Airlines's return on equity?
LATAM Airlines's return on equity (ROE) was 141.1% in fiscal 2025: net income of $1.5 billion on average shareholders' equity of $1.0 billion. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is LATAM Airlines's ROIC?
LATAM Airlines's return on invested capital was 32.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LATAM Airlines have?
LATAM Airlines had total debt of $8.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 6.01 and $5.9 billion of net debt (1.45 times EBITDA).
What is LATAM Airlines's dividend yield?
LATAM Airlines's forward dividend yield is 3.09%. LATAM Airlines paid $605.2 million in dividends in fiscal 2025 ($2.05 per share), a payout ratio of 41.5%.
Does LATAM Airlines buy back its shares?
Yes. LATAM Airlines spent $584.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.5% over the year, to 294.7M..
What is LATAM Airlines's free cash flow yield?
LATAM Airlines generated $1.5 billion of free cash flow in fiscal 2025, a free cash flow yield of 9.3% on its market value at year-end ($15.9 billion).
What is LATAM Airlines's current ratio?
LATAM Airlines's current ratio was 0.60 at the end of fiscal 2025: current assets were 0.60 times current liabilities.