AAL vs SKYW vs AZUL Stock Comparison

American Airlines, Skywest and Azul Prices as of Oct 27, 2026 Peers: Industry group
SKYW Skywest Inc
$95.68 -6.5% 1M -5.4% 1Y
Market cap
$3.77B
P/E
9.2x
Revenue (TTM)
$4.19B
Div. yield
–
Airlines Industrials
9 wins
AZUL Azul Sa
$3.40 -47.5% 1M
Market cap
$2.91B
P/E
119.8x
Revenue (TTM)
—
Div. yield
–
Airlines Industrials
1 win

Head to Head

11 decided of 12

Skywest leads on 9 of the 12 questions below (Skywest 9, American Airlines 1, Azul 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAALSKYWAZULLeader
Larger companyMarket capitalisation $8.34B $3.77B $2.91B AAL
Cheaper on earningsLower P/E, profitable companies only -25.6x 9.2x 119.8x SKYW
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 8.5x 7.1x AZUL
Faster revenue growthRevenue growth, trailing twelve months +7.5% +9.1% — SKYW
More profitableNet margin, trailing twelve months -0.6% 9.8% — SKYW
Better return on capitalReturn on invested capital 3.6% 8.9% — SKYW
Less leveragedLower net debt / EBITDA 7.6x 1.8x — SKYW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -6.0% -5.4% — SKYW
Better 5-year returnAnnualised price return, 5 years -8.1%/yr +15.8%/yr — SKYW
Less volatileAnnualised volatility, 1 year 47.1% 37.4% 558.7% SKYW
Higher overall scoreMean of the five percentile scores vs peers 28/100 70/100 — SKYW

Percentile Scorecard

AALSKYWAZUL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAALSKYWAZUL
Valuation 70 #42 of 136 84 #22 of 136 20 #109 of 136
Growth 13 #105 of 121 82 #23 of 121 –
Profitability 23 #89 of 115 63 #43 of 115 –
Financial Health 8 #132 of 143 30 #101 of 143 1 #142 of 143
Shareholder Returns – 91 #8 of 82 –
Overall 28 70 –
  • AAL ranked among 150 companies in Transportation
  • SKYW ranked among 150 companies in Transportation
  • AZUL ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAALSKYWAZULSPY
1 month -9.1%-6.5%-47.5% -0.2%
3 months -17.9%-15.9%-60.5% +3.9%
6 months +8.3%+15.5%-12.8% +8.2%
Year to date -17.7%-4.7%— +12.9%
1 year -6.0%-5.4%— +12.3%
3 years +15.5%+126.4%— +87.4%
3 years, per year +4.9%+31.3%— +23.3%
5 years -34.3%+107.9%— +67.9%
5 years, per year -8.1%+15.8%— +10.9%
10 years -68.4%+227.1%— +261.1%
10 years, per year -10.9%+12.6%— +13.7%

Risk

MeasureAALSKYWAZULSPY
Volatility, 1Y 47.1%37.4%558.7% 12.7%
Downside volatility, 1Y 45.8%35.9%720.4% 12.7%
Beta vs S&P 500, 1Y 1.931.311.76 1.00
Return / volatility, 1Y -0.13-0.14— 0.97
Max drawdown, 5Y -59.3%-70.5%-99.3% -25.4%
From 52-week high -30.5%-17.5%-99.3% -1.2%
52-week high $18.15$115.94$495.00 $779.14
52-week low $10.18$78.40$3.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAALSKYWAZUL
P/E now vs peer median -25.6xmedian 16.3x 9.2xmedian 16.3x 119.8xmedian 16.3x
P/S now vs peer median 0.1xmedian 1.0x 0.9xmedian 1.0x 2.7xmedian 1.0x
EV/EBITDA now vs peer median 10.5xmedian 8.7x 5.7xmedian 8.7x —median 8.7x
P/FCF now vs peer median 29.3xmedian 11.4x 10.0xmedian 11.4x -40.1xmedian 11.4x
P/B now vs peer median -2.1xmedian 1.2x 1.3xmedian 1.2x —median 1.2x
PEG now vs peer median 0.89median 0.82 0.03median 0.82 —median 0.82

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAALSKYWAZUL
Revenue $58.34B $4.19B –
Operating income $1.01B $587.86M –
Net income -$326.00M $409.91M –
Free cash flow $285.00M $371.69M –
EPS (diluted) $-0.49 $10.35 –
Cash & equivalents – $81.41M $181.08M
Total debt $28.93B $2.31B $4.21B
Shares (diluted) 662.61M 39.62M 17.41B
Enterprise value -$15.70B $1.08B $2.01B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAALSKYWAZUL
P/E -25.6x 9.2x 119.8x
P/FCF 29.3x 10.0x -40.1x
P/Operating cash flow 1.9x 3.9x –
P/S 0.1x 0.9x 2.7x
P/B -2.1x 1.3x –
P/Tangible book -1.4x 1.3x –
EV/EBITDA 10.5x 5.7x –
EV/EBIT 30.3x 9.2x –
EV/Revenue 0.5x 1.3x –
EV/FCF 107.1x 14.6x –
EV/Operating cash flow 7.0x 5.7x –
PEG (3Y EPS CAGR) 0.89 0.03 –

Growth

14 metrics
MetricAALSKYWAZUL
Revenue growth (1Y) 7.5% 9.1% –
Revenue CAGR (3Y) 3.3% 13.2% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -51.7% 0.5% –
Operating income CAGR (3Y) -41.0% 105.6% –
Net income growth (1Y) -157.5% 0.5% –
Net income CAGR (3Y) -28.5% 327.5% –
EPS growth (1Y) -157.3% 4.9% –
EPS CAGR (3Y) -28.8% 343.1% –
Operating cash flow growth (1Y) 6.8% 18.9% –
Operating cash flow CAGR (3Y) 0.2% 16.6% –
Free cash flow growth (1Y) -81.8% 23.1% –
Free cash flow CAGR (3Y) -47.4% 42.2% –

Profitability

14 metrics
MetricAALSKYWAZUL
Gross margin – – –
EBITDA margin 5.0% 22.8% –
Operating margin 1.7% 14.0% –
Pretax margin -0.6% 12.6% –
Net margin -0.6% 9.8% –
FCF margin 0.5% 8.9% –
Operating cash flow margin 7.5% 22.6% –
Return on equity – 14.9% –
Return on assets -0.5% 5.6% –
Return on invested capital 3.6% 8.9% –
Return on capital employed 2.7% 10.5% –
Asset turnover 0.9x 0.6x –
Cash conversion (OCF / net income) -13.4x 2.3x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricAALSKYWAZUL
Debt / assets 45.0% 31.2% 97.6%
Debt / equity -7.3x 0.8x –
Net debt / EBITDA 7.6x 1.8x –
Debt / FCF 101.5x 6.2x –
Liabilities / assets 106.2% 62.7% 165.7%
Equity / assets -6.2% 37.3% –
Interest coverage 0.6x 5.9x –
Current ratio 0.5x 0.6x 0.2x
Quick ratio 0.7x 0.5x 0.1x
Cash ratio 0.3x 0.3x 0.0x
Altman Z-score 0.65 1.79 –

Shareholder Returns

7 metrics
MetricAALSKYWAZUL
Dividend yield – – –
Net buyback yield – 5.4% –
Shareholder yield 0.0% 5.4% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAALSKYWAZUL
Forward P/E – 8.5xFY2026 7.1xFY2026
EPS, next fiscal year $-1.14FY2026 $11.20FY2026 $0.48FY2026
EPS growth, next FY -416.7%FY2026 +8.2%FY2026 –
EPS growth, the year after – +2.1% +187.5%
Revenue, next fiscal year $59.78BFY2026 $4.61BFY2026 $4.51BFY2026
Revenue growth, next FY +9.4%FY2026 +13.6%FY2026 +6.3%FY2026
Revenue growth, the year after +8.0% +4.2% +13.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAALSKYWAZUL
Held by institutions 78.0% 92.2% –
Institutions holding 578 350 –
Change in shares held, QoQ +16.5% -1.1% –
Institutions buying 276 181 –
Institutions selling 182 140 –
Buyers to sellers 1.52 1.29 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AALSKYWAZUL
AAL 1.00 0.72 0.08
SKYW 0.72 1.00 -0.01
AZUL 0.08 -0.01 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AAL, SKYW and AZUL?

American Airlines (AAL) is the largest by market capitalisation: American Airlines (AAL) $8.34B, Skywest (SKYW) $3.77B, Azul (AZUL) $2.91B.

Which stock is cheaper, AAL, SKYW and AZUL?

Skywest (SKYW) trades on the lowest price-to-earnings ratio (American Airlines (AAL) -25.6x, Skywest (SKYW) 9.2x, Azul (AZUL) 119.8x). On next year's consensus earnings, Azul (AZUL) is cheapest (Skywest (SKYW) 8.5x, Azul (AZUL) 7.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Skywest (SKYW) grew revenue fastest over the trailing twelve months: American Airlines (AAL) +7.5%, Skywest (SKYW) +9.1%.

Which company is more profitable?

Skywest (SKYW) has the highest net margin (American Airlines (AAL) -0.6%, Skywest (SKYW) 9.8%). On return on invested capital, Skywest (SKYW) leads (American Airlines (AAL) 3.6%, Skywest (SKYW) 8.9%).

Which stock has performed better?

Over the past year Skywest (SKYW) returned the most: American Airlines (AAL) -6.0%, Skywest (SKYW) -5.4%. Over five years, Skywest (SKYW) compounded fastest (American Airlines (AAL) -8.1%/yr, Skywest (SKYW) +15.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Skywest (SKYW) has been the steadiest (American Airlines (AAL) 47.1%, Skywest (SKYW) 37.4%, Azul (AZUL) 558.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AAL, SKYW and AZUL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Skywest (SKYW) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.