Invesaro

Stocks Comparison

Alaska Air vs Latam Airlines: revenue, profit, margins and growth compared

Alaska Air brought in $14.2B of revenue in fiscal 2025, Latam Airlines $14.3B in fiscal 2025. Revenue changed by +21.3% at Alaska Air and +11.2% at Latam Airlines on the year before, so Alaska Air grew faster. Alaska Air kept 0.7% of its revenue as net profit, Latam Airlines 10.2%.

Side by side, latest fiscal year

ALKLTM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$14.2B$14.3B
Revenue growth+21.3%+11.2%
Net income$100M$1.5B
Net margin0.7%10.2%
Free cash flown/a$2B
Free cash flow marginn/a13.7%
Earnings per share (diluted)$0.83$0.00
Cash$627M$2.2B
Debt$5.3B$8.1B
Price to earnings49.3n/a
Market value$4.6B$15.1B
Dividend yieldn/an/a
Rank by revenue in sector#95 of 778 · Consumer discretionary#94 of 778 · Consumer discretionary

Over the years

Revenue
ALK FY2018: $8.3BALK FY2019: $8.8BALK FY2020: $3.6BALK FY2021: $6.2BALK FY2022: $9.6BALK FY2023: $10.4BALK FY2024: $11.7BALK FY2025: $14.2BLTM FY2018: $9.9BLTM FY2019: $10.1BLTM FY2020: $3.9BLTM FY2021: $4.9BLTM FY2022: $9.4BLTM FY2023: $11.6BLTM FY2024: $12.8BLTM FY2025: $14.3BFY18FY19FY20FY21FY22FY23FY24FY25
ALK $14.2BLTM $14.3B
Net income
ALK FY2018: $437MALK FY2019: $769MALK FY2020: -$1.3BALK FY2021: $478MALK FY2022: $58MALK FY2023: $235MALK FY2024: $395MALK FY2025: $100MLTM FY2018: $309.8MLTM FY2019: $190.4MLTM FY2020: -$4.5BLTM FY2021: -$4.6BLTM FY2022: $1.3BLTM FY2023: $581.8MLTM FY2024: $977MLTM FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
ALK $100MLTM $1.5B
Net margin
ALK FY2018: 5.3%ALK FY2019: 8.8%ALK FY2020: -37.1%ALK FY2021: 7.7%ALK FY2022: 0.6%ALK FY2023: 2.3%ALK FY2024: 3.4%ALK FY2025: 0.7%LTM FY2018: 3.1%LTM FY2019: 1.9%LTM FY2020: -115.9%LTM FY2021: -95.2%LTM FY2022: 14.3%LTM FY2023: 5.0%LTM FY2024: 7.6%LTM FY2025: 10.2%FY18FY19FY20FY21FY22FY23FY24FY25
ALK 0.7%LTM 10.2%
Revenue growth
ALK FY2019: +6.3%ALK FY2020: -59.4%ALK FY2021: +73.2%ALK FY2022: +56.2%ALK FY2023: +8.1%ALK FY2024: +12.6%ALK FY2025: +21.3%LTM FY2019: +1.8%LTM FY2020: -61.0%LTM FY2021: +24.5%LTM FY2022: +91.7%LTM FY2023: +24.3%LTM FY2024: +10.2%LTM FY2025: +11.2%FY19FY20FY21FY22FY23FY24FY25
ALK +21.3%LTM +11.2%
Free cash flow
ALK FY2018: $235MALK FY2019: $1BALK FY2020: -$456MALK FY2021: $738MALK FY2022: -$253MALK FY2023: -$444MLTM FY2018: $1.4BLTM FY2019: $1.6BLTM FY2020: -$819MLTM FY2021: -$771.3MLTM FY2022: -$683.7MLTM FY2023: $1.5BLTM FY2024: $1.8BLTM FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
ALK -$444MLTM $2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Alaska Air and Latam Airlines

Which is bigger by revenue, Alaska Air or Latam Airlines?

Latam Airlines is bigger by revenue: $14.3B in fiscal 2025, against $14.2B for Alaska Air in fiscal 2025.

Which keeps more of its revenue as profit, Alaska Air or Latam Airlines?

Alaska Air had a net margin of 0.7% in fiscal 2025; Latam Airlines had 10.2% in fiscal 2025.

Which grew revenue faster, Alaska Air or Latam Airlines?

In their latest fiscal years revenue changed by +21.3% at Alaska Air and +11.2% at Latam Airlines.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies