RYAAY vs AAL vs AZUL Stock Comparison

Ryanair Holdings, American Airlines and Azul Prices as of Oct 23, 2026 Peers: Industry group
RYAAY Ryanair Holdings Plc
$52.53 -3.9% 1M -13.2% 1Y
Market cap
$27.97B
P/E
13.5x
Revenue (TTM)
$18.19B
Div. yield
–
Airlines Industrials
9 wins
AZUL Azul Sa
$6.01 -5.2% 1M
Market cap
$3.17B
P/E
211.8x
Revenue (TTM)
—
Div. yield
–
Airlines Industrials
1 win

Head to Head

11 decided of 12

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

QuestionRYAAYAALAZULLeader
Larger companyMarket capitalisation $27.97B $8.09B $3.17B RYAAY
Cheaper on earningsLower P/E, profitable companies only 13.5x -24.8x 211.8x RYAAY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.6x — 7.8x AZUL
Faster revenue growthRevenue growth, trailing twelve months +13.3% +7.5% — RYAAY
More profitableNet margin, trailing twelve months 11.4% -0.6% — RYAAY
Better return on capitalReturn on invested capital 16.9% 3.6% — RYAAY
Less leveragedLower net debt / EBITDA -0.7x 7.6x — RYAAY
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -13.2% -5.2% — AAL
Better 5-year returnAnnualised price return, 5 years +3.9%/yr -8.8%/yr — RYAAY
Less volatileAnnualised volatility, 1 year 36.5% 47.7% 560.7% RYAAY
Higher overall scoreMean of the five percentile scores vs peers 62/100 29/100 — RYAAY

Percentile Scorecard

RYAAYAALAZUL

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

AxisRYAAYAALAZUL
Valuation 60 #55 of 136 70 #41 of 136 13 #118 of 136
Growth 52 #59 of 122 14 #105 of 122 –
Profitability 83 #21 of 119 24 #91 of 119 –
Financial Health 73 #40 of 147 8 #136 of 147 1 #146 of 147
Shareholder Returns 41 #50 of 84 – –
Overall 62 29 –
  • RYAAY ranked among 150 companies in Transportation
  • AAL 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

PeriodRYAAYAALAZULSPY
1 month -3.9%-9.3%-5.2% -1.0%
3 months -7.6%-16.4%-28.0% +2.9%
6 months -7.3%+0.1%+54.1% +6.4%
Year to date -27.2%-21.0%— +11.4%
1 year -13.2%-5.2%— +13.1%
3 years +46.1%+8.0%— +79.4%
3 years, per year +13.5%+2.6%— +21.5%
5 years +21.1%-36.8%— +67.7%
5 years, per year +3.9%-8.8%— +10.9%
10 years +78.9%-69.6%— +255.2%
10 years, per year +6.0%-11.2%— +13.5%

Risk

MeasureRYAAYAALAZULSPY
Volatility, 1Y 36.5%47.7%560.7% 12.7%
Downside volatility, 1Y 35.3%45.8%726.6% 12.7%
Beta vs S&P 500, 1Y 1.401.922.26 1.00
Return / volatility, 1Y -0.36-0.11— 1.03
Max drawdown, 5Y -54.9%-59.3%-99.2% -25.4%
From 52-week high -28.8%-33.3%-98.8% -2.5%
52-week high $73.82$18.15$495.00 $779.14
52-week low $51.33$10.18$3.90 $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.

MultipleRYAAYAALAZUL
P/E now vs peer median 13.4xmedian 16.0x -24.6xmedian 16.0x 211.8xmedian 16.0x
P/S now vs peer median 1.5xmedian 1.0x 0.1xmedian 1.0x 4.7xmedian 1.0x
EV/EBITDA now vs peer median 6.1xmedian 8.7x 10.4xmedian 8.7x —median 8.7x
P/FCF now vs peer median 12.7xmedian 11.5x 28.1xmedian 11.5x -70.9xmedian 11.5x
P/B now vs peer median 2.5xmedian 1.2x -2.0xmedian 1.2x —median 1.2x
PEG now vs peer median 3.38median 0.82 0.86median 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 monthsRYAAYAALAZUL
Revenue $18.19B $58.34B –
Operating income $2.38B $1.01B –
Net income $2.21B -$326.00M –
Free cash flow $2.16B $285.00M –
EPS (diluted) $3.90 $-0.49 –
Cash & equivalents $2.84B – $181.08M
Total debt $4.75B $28.93B $4.21B
Shares (diluted) 532.20M 662.61M 17.41B
Enterprise value $11.62B -$15.95B $2.27B

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
MetricRYAAYAALAZUL
P/E 13.4x -24.6x 211.8x
P/FCF 12.7x 28.1x -70.9x
P/Operating cash flow 6.8x 1.8x –
P/S 1.5x 0.1x 4.7x
P/B 2.5x -2.0x –
P/Tangible book 2.6x -1.3x –
EV/EBITDA 6.1x 10.4x –
EV/EBIT 10.4x 30.0x –
EV/Revenue 1.4x 0.5x –
EV/FCF 11.4x 106.0x –
EV/Operating cash flow 6.1x 6.9x –
PEG (3Y EPS CAGR) 3.38 0.86 –

Growth

14 metrics
MetricRYAAYAALAZUL
Revenue growth (1Y) 13.3% 7.5% –
Revenue CAGR (3Y) 12.8% 3.3% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 0.5% -51.7% –
Operating income CAGR (3Y) 6.2% -41.0% –
Net income growth (1Y) -4.6% -157.5% –
Net income CAGR (3Y) 6.1% -28.5% –
EPS growth (1Y) -13.5% -157.3% –
EPS CAGR (3Y) 4.0% -28.8% –
Operating cash flow growth (1Y) -1.0% 6.8% –
Operating cash flow CAGR (3Y) 0.1% 0.2% –
Free cash flow growth (1Y) -21.9% -81.8% –
Free cash flow CAGR (3Y) -7.4% -47.4% –

Profitability

14 metrics
MetricRYAAYAALAZUL
Gross margin – – –
EBITDA margin 22.3% 5.0% –
Operating margin 13.1% 1.7% –
Pretax margin 13.4% -0.6% –
Net margin 11.4% -0.6% –
FCF margin 11.9% 0.5% –
Operating cash flow margin 22.1% 7.5% –
Return on equity 18.5% – –
Return on assets 9.6% -0.5% –
Return on invested capital 16.9% 3.6% –
Return on capital employed 18.7% 2.7% –
Asset turnover 0.8x 0.9x –
Cash conversion (OCF / net income) 1.8x -13.4x –
Stock comp / revenue 0.1% – –

Financial Health

11 metrics
MetricRYAAYAALAZUL
Debt / assets 0.2% 45.0% 97.6%
Debt / equity 0.0x -7.3x –
Net debt / EBITDA -0.7x 7.6x –
Debt / FCF 0.0x 101.5x –
Liabilities / assets 47.8% 106.2% 165.7%
Equity / assets 52.2% -6.2% –
Interest coverage – 0.6x –
Current ratio 0.8x 0.5x 0.2x
Quick ratio 0.3x 0.7x 0.1x
Cash ratio 0.3x 0.3x 0.0x
Altman Z-score 3.36 0.64 –

Shareholder Returns

7 metrics
MetricRYAAYAALAZUL
Dividend yield 2.6% – –
Net buyback yield – – –
Shareholder yield 2.6% 0.0% –
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.

ConsensusRYAAYAALAZUL
Forward P/E 14.6xFY2026 – 7.8xFY2026
EPS, next fiscal year $3.60FY2026 $-0.99FY2026 $0.77FY2026
EPS growth, next FY -24.4%FY2026 -375.0%FY2026 –
EPS growth, the year after -5.0% – +113.0%
Revenue, next fiscal year $18.49BFY2026 $59.52BFY2026 $3.65BFY2026
Revenue growth, next FY +2.1%FY2026 +9.0%FY2026 -13.9%FY2026
Revenue growth, the year after -0.3% +7.1% +2.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRYAAYAALAZUL
Held by institutions 39.9% 78.0% 2.9%
Institutions holding 410 578 42
Change in shares held, QoQ -0.8% +16.5% –
Institutions buying 192 276 42
Institutions selling 147 182 0
Buyers to sellers 1.31 1.52 –

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.

RYAAYAALAZUL
RYAAY 1.00 0.56 0.05
AAL 0.56 1.00 0.09
AZUL 0.05 0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RYAAY, AAL and AZUL?

Ryanair Holdings (RYAAY) is the largest by market capitalisation: Ryanair Holdings (RYAAY) $27.97B, American Airlines (AAL) $8.09B, Azul (AZUL) $3.17B.

Which stock is cheaper, RYAAY, AAL and AZUL?

Ryanair Holdings (RYAAY) trades on the lowest price-to-earnings ratio (Ryanair Holdings (RYAAY) 13.5x, American Airlines (AAL) -24.8x, Azul (AZUL) 211.8x). On next year's consensus earnings, Azul (AZUL) is cheapest (Ryanair Holdings (RYAAY) 14.6x, Azul (AZUL) 7.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Ryanair Holdings (RYAAY) grew revenue fastest over the trailing twelve months: Ryanair Holdings (RYAAY) +13.3%, American Airlines (AAL) +7.5%.

Which company is more profitable?

Ryanair Holdings (RYAAY) has the highest net margin (Ryanair Holdings (RYAAY) 11.4%, American Airlines (AAL) -0.6%). On return on invested capital, Ryanair Holdings (RYAAY) leads (Ryanair Holdings (RYAAY) 16.9%, American Airlines (AAL) 3.6%).

Which stock has performed better?

Over the past year American Airlines (AAL) returned the most: Ryanair Holdings (RYAAY) -13.2%, American Airlines (AAL) -5.2%. Over five years, Ryanair Holdings (RYAAY) compounded fastest (Ryanair Holdings (RYAAY) +3.9%/yr, American Airlines (AAL) -8.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ryanair Holdings (RYAAY) has been the steadiest (Ryanair Holdings (RYAAY) 36.5%, American Airlines (AAL) 47.7%, Azul (AZUL) 560.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RYAAY, AAL 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, Ryanair Holdings (RYAAY) 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.