Latam Airlines (LTM) Return on Invested Capital (2009 - 2026)

Latam Airlines (LTM) posted Return on Invested Capital of 12.63% for Q1 2026, up 9.51% on a QoQ basis from 11.53% in Q4 2025, and up 567.0% year-over-year from 1.89% in Q1 2025.

Latam Airlines (LTM) Return on Invested Capital (2009 - 2026) Analysis & Trends

Latam Airlines' Return on Invested Capital history runs 18 years deep, the most recent figure standing at 12.63% for Q1 2026.

  • Quarterly Return on Invested Capital rose 567.0% year-over-year to 12.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.63% (up 567.0% YoY) and the FY2025 annual result came in at 0.03%, up 1.0% from the prior year.
  • Return on Invested Capital was 12.63% for Q1 2026 at Latam Airlines, up from 11.53% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 12.66% in Q3 2025 and bottomed at 1.47% in Q1 2022.
  • A 5-year average of 4.85% and a median of 6.08% in 2024 frame the typical range for Return on Invested Capital.
  • Annual changes were most pronounced in 2022 — Return on Invested Capital tumbled 147 bps — and 2024, when it surged 639 bps.
  • Latam Airlines' Return on Invested Capital stood at 0.0% in 2022, then jumped by 797003 bps to 4.87% in 2023, then soared by 47 bps to 7.14% in 2024, then jumped by 62 bps to 11.53% in 2025, then rose by 10 bps to 12.63% in 2026.
  • Business Quant data shows LTM's Return on Invested Capital at 12.63% in Q1 2026, 11.53% in Q4 2025, and 12.66% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROIC (Qtr)
1 Latam Airlines 30,313.70 Bn 30,311.03 Bn 1.28 Mn 12.63%
2 Ryanair Holdings 61.13 Bn 57.94 Bn - 0.00%
3 Delta Air Lines 56.15 Bn 51.48 Bn 19.07 Bn 0.00%
4 Southwest Airlines 22.15 Bn 18.36 Bn 7.33 Bn 0.00%
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.86 Bn 8.04 Bn - -
6 Copa Holdings 5.64 Bn 4.31 Bn 713.71 Mn 0.00%
7 Alaska Air 5.40 Bn 3.63 Bn 3.20 Bn 0.00%
8 Skywest 4.25 Bn 3.65 Bn 1.01 Bn 0.00%
9 Jetblue Airways 2.02 Bn 1.61 Bn 1.87 Bn 0.00%
10 Allegiant Travel 1.81 Bn 907.79 Mn 651.87 Mn 0.01%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.63%
Dec 31, 2025 11.53%
Sep 30, 2025 12.66%
Jun 30, 2025 6.97%
Mar 31, 2025 6.96%
Dec 31, 2024 7.14%
Sep 30, 2024 7.52%
Jun 30, 2024 6.39%
Mar 31, 2024 6.08%
Dec 31, 2023 4.87%
Sep 30, 2023 2.36%
Jun 30, 2023 0.00%
Mar 31, 2023 0.00%
Dec 31, 2022 0.00%
Sep 30, 2022 0.00%
Jun 30, 2022 -1.28%
Mar 31, 2022 -1.47%
Dec 31, 2021 -0.51%
Sep 30, 2021 -2.98%
Jun 30, 2021 0.00%