LATAM Airlines Group S.A.

LTMNYSEIndustrials● Active

$48.06

$-0.26(-0.54%)

Market Cap$14.1B

P/E Ratio—

52W High$70.42

52W Low$36.64

Avg Volume1.0M

Open$48.11

Beta0.80

Overview

LATAM Airlines Group S.A. (LTM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LTM · free cash flow · updated Jun 8, 2026

Core FCF metrics

LTM · FCF · TTM · margin & CAGR

Free cash flow was $1.49B for FY2025 (fiscal year ending 2025-12-31), down 11.8% year-over-year The FCF margin was 10.4%.

FY2025 Free Cash Flow$1.49B▼ -11.8% YoY

Trailing 12M (TTM)$1.83Btrailing 4 quarters sum

FCF Margin10.4%$1.49B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LTM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.26B(1.77B)$1.49B▼ 11.8%10.4%

FY2024$3.11B(1.42B)$1.69B▲ +14.9%13.1%

FY2023$2.26B(796M)$1.47B▲ +300.0%12.6%

FY2022$96.8M(831M)−$733.9M▲ +14.7%-7.8%

FY2021−$184.1M(676M)−$859.9M▲ +3.9%-17.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LTM · P/FCF · FCF yield · FCF per share

LATAM Airlines Group S.A. (LTM) trades at a FCF yield of 13.25% and a price-to-free-cash-flow ratio of 7.8x. FCF per share stands at $6.20, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

13.25%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.20

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LTM · cash flow statement · operating / investing / financing

For FY2025, LATAM Airlines Group S.A. generated $3.26B in operating cash flow and spent 1.77B in capital expenditures, yielding $1.49B in free cash flow.

Operating Activities

+$3.26B

Cash from core business operations

2025-12-31

Investing Activities

−$1.71B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.41B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.26B) − |CapEx| (1.77B) = FCF ($1.49B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

LTM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

LATAM Airlines Group S.A.YOU

LTM

$1.49B-11.8%10.4%

14%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

LATAM Airlines Group S.A. (LTM) reported free cash flow of $1.49B for FY2025 (fiscal year ending 2025-12-31), down 11.8% year-over-year. The FCF margin was 10.4%.

Based on available data, LATAM Airlines Group S.A. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $1.69B in FY2024.

LATAM Airlines Group S.A.'s FCF yield is 13.25% and price-to-FCF ratio is 7.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LTM free cash flow · 8 questions

LATAM Airlines Group S.A. free cash flow was $1.49B for FY2025, down 11.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.83B.

LTM free cash flowLTM FCFLTM FCF 2025LTM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · LATAM Airlines Group S.A. · LATAM Airlines Group S.A. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026