Latam Airlines Financials
This page shows Latam Airlines (LTM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Latam Airlines has elevated debt relative to equity (D/E of 2.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.
Latam Airlines's current ratio of 0.60 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 4/100, which could limit financial flexibility.
Latam Airlines converts 13.8% of revenue into free cash flow ($2.0B). This strong cash generation earns a score of 69/100.
Latam Airlines earns a strong 109.5% return on equity (ROE), meaning it generates $109 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
For every $1 of reported earnings, Latam Airlines generates $2.55 in operating cash flow ($3.7B OCF vs $1.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Latam Airlines generated $14.3B in revenue in fiscal year 2025.
Latam Airlines generated $2.0B in free cash flow in fiscal year 2025, representing cash available after capex.
Latam Airlines reported $1.5B in net income in fiscal year 2025.
Latam Airlines held $2.2B in cash against $3.4B in long-term debt as of fiscal year 2025.
Latam Airlines had 574.22B shares outstanding in fiscal year 2025.
Latam Airlines's net profit margin was 10.3% in fiscal year 2025, showing the share of revenue converted to profit.
Latam Airlines's ROE was 109.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Latam Airlines spent $152.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Latam Airlines invested $1.8B in capex in fiscal year 2025, funding long-term assets and infrastructure.
LTM Income Statement
LTM Balance Sheet
LTM Cash Flow Statement
LTM Financial Ratios
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Latam Airlines's annual revenue?
Latam Airlines (LTM) reported $14.3B in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Latam Airlines profitable?
Yes, Latam Airlines (LTM) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 10.3%.
How much debt does Latam Airlines have?
As of fiscal year 2025, Latam Airlines (LTM) had $2.2B in cash and equivalents against $3.4B in long-term debt.
What is Latam Airlines's net profit margin?
Latam Airlines (LTM) had a net profit margin of 10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Latam Airlines's return on equity (ROE)?
Latam Airlines (LTM) has a return on equity of 109.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Latam Airlines's free cash flow?
Latam Airlines (LTM) generated $2.0B in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Latam Airlines's operating cash flow?
Latam Airlines (LTM) generated $3.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Latam Airlines's total assets?
Latam Airlines (LTM) had $17.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Latam Airlines's capital expenditures?
Latam Airlines (LTM) invested $1.8B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Latam Airlines buy back shares?
Yes, Latam Airlines (LTM) spent $152.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Latam Airlines have outstanding?
Latam Airlines (LTM) had 574.22B shares outstanding as of fiscal year 2025.
What is Latam Airlines's current ratio?
Latam Airlines (LTM) had a current ratio of 0.60 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Latam Airlines's debt-to-equity ratio?
Latam Airlines (LTM) had a debt-to-equity ratio of 2.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Latam Airlines's return on assets (ROA)?
Latam Airlines (LTM) had a return on assets of 8.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Are Latam Airlines's earnings high quality?
Latam Airlines (LTM) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Latam Airlines?
Latam Airlines (LTM) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.