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Side-by-side financial comparison of American Airlines Group Inc. (AAL) and Ingram Micro Holding Corp (INGM). Click either name above to swap in a different company.

Ingram Micro Holding Corp is the larger business by last-quarter revenue ($14.9B vs $14.0B, roughly 1.1× American Airlines Group Inc.). Ingram Micro Holding Corp runs the higher net margin — 0.8% vs 0.7%, a 0.1% gap on every dollar of revenue. On growth, Ingram Micro Holding Corp posted the faster year-over-year revenue change (11.5% vs 2.5%). Ingram Micro Holding Corp produced more free cash flow last quarter ($1.6B vs $-1.9B). Over the past eight quarters, Ingram Micro Holding Corp's revenue compounded faster (14.6% CAGR vs 5.5%).

American Airlines, Inc. is a major airline in the United States headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex, and is the largest airline in the world in terms of passengers carried and daily flights. American, along with its regional subsidiaries and contractors operating under the brand name American Eagle, operate an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in 48 countries. The airline is also a f...

Ingram Micro Holding Corporation is an American distributor of information technology products and services. The company is based in Irvine, California, U.S. and has operations around the world. Founded as Micro D, Inc in 1979 in California by Geza Czige and Lorraine Mecca, the company, originally a traditional distributor focused on marketing, selling and shipping vendor products to resellers, is currently specializing on becoming a platform-based business that focuses on its digital experie...

AAL vs INGM — Head-to-Head

Bigger by revenue
INGM
INGM
1.1× larger
INGM
$14.9B
$14.0B
AAL
Growing faster (revenue YoY)
INGM
INGM
+9.0% gap
INGM
11.5%
2.5%
AAL
Higher net margin
INGM
INGM
0.1% more per $
INGM
0.8%
0.7%
AAL
More free cash flow
INGM
INGM
$3.5B more FCF
INGM
$1.6B
$-1.9B
AAL
Faster 2-yr revenue CAGR
INGM
INGM
Annualised
INGM
14.6%
5.5%
AAL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AAL
AAL
INGM
INGM
Revenue
$14.0B
$14.9B
Net Profit
$99.0M
$121.4M
Gross Margin
6.5%
Operating Margin
3.2%
2.1%
Net Margin
0.7%
0.8%
Revenue YoY
2.5%
11.5%
Net Profit YoY
-83.2%
46.1%
EPS (diluted)
$0.15
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAL
AAL
INGM
INGM
Q1 26
$14.9B
Q4 25
$14.0B
$14.9B
Q3 25
$13.7B
$12.6B
Q2 25
$14.4B
$12.8B
Q1 25
$12.6B
$12.3B
Q4 24
$13.7B
Q3 24
$13.6B
$11.8B
Q2 24
$14.3B
$11.5B
Net Profit
AAL
AAL
INGM
INGM
Q1 26
$121.4M
Q4 25
$99.0M
$121.4M
Q3 25
$-114.0M
$99.5M
Q2 25
$599.0M
$37.8M
Q1 25
$-473.0M
$69.2M
Q4 24
$590.0M
Q3 24
$-149.0M
$77.0M
Q2 24
$717.0M
$54.6M
Gross Margin
AAL
AAL
INGM
INGM
Q1 26
6.5%
Q4 25
6.5%
Q3 25
6.9%
Q2 25
6.6%
Q1 25
6.7%
Q4 24
Q3 24
7.2%
Q2 24
7.2%
Operating Margin
AAL
AAL
INGM
INGM
Q1 26
2.1%
Q4 25
3.2%
2.1%
Q3 25
1.1%
1.8%
Q2 25
7.9%
1.1%
Q1 25
-2.2%
1.6%
Q4 24
8.3%
Q3 24
0.7%
1.9%
Q2 24
9.7%
1.6%
Net Margin
AAL
AAL
INGM
INGM
Q1 26
0.8%
Q4 25
0.7%
0.8%
Q3 25
-0.8%
0.8%
Q2 25
4.2%
0.3%
Q1 25
-3.8%
0.6%
Q4 24
4.3%
Q3 24
-1.1%
0.7%
Q2 24
5.0%
0.5%
EPS (diluted)
AAL
AAL
INGM
INGM
Q1 26
$0.67
Q4 25
$0.15
$0.52
Q3 25
$-0.17
$0.42
Q2 25
$0.91
$0.16
Q1 25
$-0.72
$0.29
Q4 24
$0.94
Q3 24
$-0.23
$0.35
Q2 24
$1.01
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAL
AAL
INGM
INGM
Cash + ST InvestmentsLiquidity on hand
$1.9B
Total DebtLower is stronger
$25.3B
$3.2B
Stockholders' EquityBook value
$-3.7B
$4.2B
Total Assets
$61.8B
$21.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAL
AAL
INGM
INGM
Q1 26
$1.9B
Q4 25
$1.9B
Q3 25
$802.6M
Q2 25
$856.7M
Q1 25
$881.6M
Q4 24
Q3 24
$849.5M
Q2 24
Total Debt
AAL
AAL
INGM
INGM
Q1 26
$3.2B
Q4 25
$25.3B
$3.2B
Q3 25
$25.1B
$3.8B
Q2 25
$25.3B
$3.7B
Q1 25
$24.7B
$3.5B
Q4 24
$25.2B
Q3 24
$26.3B
$3.8B
Q2 24
$27.6B
Stockholders' Equity
AAL
AAL
INGM
INGM
Q1 26
$4.2B
Q4 25
$-3.7B
$4.2B
Q3 25
$-4.0B
$4.1B
Q2 25
$-3.9B
$4.0B
Q1 25
$-4.5B
$3.9B
Q4 24
$-4.0B
Q3 24
$-4.9B
$3.6B
Q2 24
$-4.7B
$3.5B
Total Assets
AAL
AAL
INGM
INGM
Q1 26
$21.2B
Q4 25
$61.8B
$21.2B
Q3 25
$62.1B
$19.2B
Q2 25
$63.7B
$19.5B
Q1 25
$62.6B
$18.6B
Q4 24
$61.8B
Q3 24
$63.5B
$18.6B
Q2 24
$64.1B
Debt / Equity
AAL
AAL
INGM
INGM
Q1 26
0.75×
Q4 25
0.75×
Q3 25
0.93×
Q2 25
0.92×
Q1 25
0.90×
Q4 24
Q3 24
1.06×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAL
AAL
INGM
INGM
Operating Cash FlowLast quarter
$-274.0M
Free Cash FlowOCF − Capex
$-1.9B
$1.6B
FCF MarginFCF / Revenue
-13.6%
11.0%
Capex IntensityCapex / Revenue
11.6%
0.2%
Cash ConversionOCF / Net Profit
-2.77×
TTM Free Cash FlowTrailing 4 quarters
$-680.0M
$2.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAL
AAL
INGM
INGM
Q1 26
Q4 25
$-274.0M
$1.6B
Q3 25
$-46.0M
$-146.0M
Q2 25
$963.0M
$-298.0M
Q1 25
$2.5B
$-200.4M
Q4 24
$398.0M
Q3 24
$277.0M
$-277.0M
Q2 24
$1.1B
Free Cash Flow
AAL
AAL
INGM
INGM
Q1 26
$1.6B
Q4 25
$-1.9B
$1.5B
Q3 25
$-872.0M
$-175.0M
Q2 25
$464.0M
$-333.2M
Q1 25
$1.6B
$-230.2M
Q4 24
$-342.0M
Q3 24
$-191.0M
$-315.0M
Q2 24
$477.0M
FCF Margin
AAL
AAL
INGM
INGM
Q1 26
11.0%
Q4 25
-13.6%
10.2%
Q3 25
-6.4%
-1.4%
Q2 25
3.2%
-2.6%
Q1 25
13.0%
-1.9%
Q4 24
-2.5%
Q3 24
-1.4%
-2.7%
Q2 24
3.3%
Capex Intensity
AAL
AAL
INGM
INGM
Q1 26
0.2%
Q4 25
11.6%
0.2%
Q3 25
6.0%
0.2%
Q2 25
3.5%
0.3%
Q1 25
6.6%
0.2%
Q4 24
5.4%
Q3 24
3.4%
0.3%
Q2 24
4.5%
Cash Conversion
AAL
AAL
INGM
INGM
Q1 26
Q4 25
-2.77×
12.85×
Q3 25
-1.47×
Q2 25
1.61×
-7.88×
Q1 25
-2.90×
Q4 24
0.67×
Q3 24
-3.60×
Q2 24
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAL
AAL

Passenger Travel$11.6B83%
Loyalty Program Travel Redemptions$1.1B8%
Loyalty Program Marketing Services$945.0M7%
Cargo And Freight$227.0M2%
Other Revenue$169.0M1%

INGM
INGM

Segment breakdown not available.

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