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| Date | Value |
|---|---|
| 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% |