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Side-by-side financial comparison of American Airlines Group Inc. (AAL) and Medtronic (MDT). Click either name above to swap in a different company.
American Airlines Group Inc. is the larger business by last-quarter revenue ($14.0B vs $9.0B, roughly 1.6× Medtronic). Medtronic runs the higher net margin — 15.3% vs 0.7%, a 14.6% gap on every dollar of revenue. On growth, Medtronic posted the faster year-over-year revenue change (6.6% vs 2.5%). Medtronic produced more free cash flow last quarter ($457.0M vs $-1.9B). Over the past eight quarters, American Airlines Group Inc.'s revenue compounded faster (5.5% CAGR vs 5.3%).
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...
Medtronic plc is an Irish medical device company. The company's legal and executive headquarters are in Ireland, while its operational headquarters are in Minneapolis, Minnesota. Medtronic rebased to Ireland following its acquisition of Irish-based Covidien in 2015. While it primarily operates in the United States, it operates in more than 150 countries and employs over 90,000 people. It develops and manufactures healthcare technologies and therapies.
AAL vs MDT — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $14.0B | $9.0B |
| Net Profit | $99.0M | $1.4B |
| Gross Margin | — | 65.8% |
| Operating Margin | 3.2% | 18.8% |
| Net Margin | 0.7% | 15.3% |
| Revenue YoY | 2.5% | 6.6% |
| Net Profit YoY | -83.2% | 8.2% |
| EPS (diluted) | $0.15 | $1.07 |
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.
| Q4 25 | $14.0B | $9.0B | ||
| Q3 25 | $13.7B | $8.6B | ||
| Q2 25 | $14.4B | $8.9B | ||
| Q1 25 | $12.6B | $8.3B | ||
| Q4 24 | $13.7B | $8.4B | ||
| Q3 24 | $13.6B | $7.9B | ||
| Q2 24 | $14.3B | $8.6B | ||
| Q1 24 | $12.6B | $8.1B |
| Q4 25 | $99.0M | $1.4B | ||
| Q3 25 | $-114.0M | $1.0B | ||
| Q2 25 | $599.0M | $1.1B | ||
| Q1 25 | $-473.0M | $1.3B | ||
| Q4 24 | $590.0M | $1.3B | ||
| Q3 24 | $-149.0M | $1.0B | ||
| Q2 24 | $717.0M | $654.0M | ||
| Q1 24 | $-312.0M | $1.3B |
| Q4 25 | — | 65.8% | ||
| Q3 25 | — | 65.0% | ||
| Q2 25 | — | 64.8% | ||
| Q1 25 | — | 66.5% | ||
| Q4 24 | — | 64.9% | ||
| Q3 24 | — | 65.1% | ||
| Q2 24 | — | 64.5% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | 3.2% | 18.8% | ||
| Q3 25 | 1.1% | 16.8% | ||
| Q2 25 | 7.9% | 16.1% | ||
| Q1 25 | -2.2% | 19.9% | ||
| Q4 24 | 8.3% | 19.0% | ||
| Q3 24 | 0.7% | 16.1% | ||
| Q2 24 | 9.7% | 12.3% | ||
| Q1 24 | 0.1% | 18.3% |
| Q4 25 | 0.7% | 15.3% | ||
| Q3 25 | -0.8% | 12.1% | ||
| Q2 25 | 4.2% | 11.8% | ||
| Q1 25 | -3.8% | 15.6% | ||
| Q4 24 | 4.3% | 15.1% | ||
| Q3 24 | -1.1% | 13.2% | ||
| Q2 24 | 5.0% | 7.6% | ||
| Q1 24 | -2.5% | 16.3% |
| Q4 25 | $0.15 | $1.07 | ||
| Q3 25 | $-0.17 | $0.81 | ||
| Q2 25 | $0.91 | $0.81 | ||
| Q1 25 | $-0.72 | $1.01 | ||
| Q4 24 | $0.94 | $0.99 | ||
| Q3 24 | $-0.23 | $0.80 | ||
| Q2 24 | $1.01 | $0.50 | ||
| Q1 24 | $-0.48 | $0.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3B |
| Total DebtLower is stronger | $25.3B | $27.7B |
| Stockholders' EquityBook value | $-3.7B | $48.7B |
| Total Assets | $61.8B | $91.3B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $8.0B | ||
| Q1 24 | — | $8.3B |
| Q4 25 | $25.3B | $27.7B | ||
| Q3 25 | $25.1B | $26.2B | ||
| Q2 25 | $25.3B | $25.6B | ||
| Q1 25 | $24.7B | $24.0B | ||
| Q4 24 | $25.2B | $24.6B | ||
| Q3 24 | $26.3B | $26.3B | ||
| Q2 24 | $27.6B | $23.9B | ||
| Q1 24 | $28.2B | $24.2B |
| Q4 25 | $-3.7B | $48.7B | ||
| Q3 25 | $-4.0B | $47.9B | ||
| Q2 25 | $-3.9B | $48.0B | ||
| Q1 25 | $-4.5B | $49.4B | ||
| Q4 24 | $-4.0B | $48.5B | ||
| Q3 24 | $-4.9B | $47.9B | ||
| Q2 24 | $-4.7B | $50.2B | ||
| Q1 24 | $-5.5B | $51.8B |
| Q4 25 | $61.8B | $91.3B | ||
| Q3 25 | $62.1B | $91.0B | ||
| Q2 25 | $63.7B | $91.7B | ||
| Q1 25 | $62.6B | $90.0B | ||
| Q4 24 | $61.8B | $90.0B | ||
| Q3 24 | $63.5B | $89.7B | ||
| Q2 24 | $64.1B | $90.0B | ||
| Q1 24 | $64.4B | $90.8B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-274.0M | $925.0M |
| Free Cash FlowOCF − Capex | $-1.9B | $457.0M |
| FCF MarginFCF / Revenue | -13.6% | 5.1% |
| Capex IntensityCapex / Revenue | 11.6% | 5.2% |
| Cash ConversionOCF / Net Profit | -2.77× | 0.67× |
| TTM Free Cash FlowTrailing 4 quarters | $-680.0M | $5.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-274.0M | $925.0M | ||
| Q3 25 | $-46.0M | $1.1B | ||
| Q2 25 | $963.0M | $2.5B | ||
| Q1 25 | $2.5B | $2.6B | ||
| Q4 24 | $398.0M | $958.0M | ||
| Q3 24 | $277.0M | $986.0M | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $2.2B | $2.5B |
| Q4 25 | $-1.9B | $457.0M | ||
| Q3 25 | $-872.0M | $584.0M | ||
| Q2 25 | $464.0M | $2.1B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $-342.0M | $554.0M | ||
| Q3 24 | $-191.0M | $466.0M | ||
| Q2 24 | $477.0M | $2.4B | ||
| Q1 24 | $1.4B | $2.1B |
| Q4 25 | -13.6% | 5.1% | ||
| Q3 25 | -6.4% | 6.8% | ||
| Q2 25 | 3.2% | 23.2% | ||
| Q1 25 | 13.0% | 25.3% | ||
| Q4 24 | -2.5% | 6.6% | ||
| Q3 24 | -1.4% | 5.9% | ||
| Q2 24 | 3.3% | 27.4% | ||
| Q1 24 | 10.8% | 26.3% |
| Q4 25 | 11.6% | 5.2% | ||
| Q3 25 | 6.0% | 5.9% | ||
| Q2 25 | 3.5% | 5.1% | ||
| Q1 25 | 6.6% | 5.7% | ||
| Q4 24 | 5.4% | 4.8% | ||
| Q3 24 | 3.4% | 6.6% | ||
| Q2 24 | 4.5% | 5.0% | ||
| Q1 24 | 6.6% | 4.3% |
| Q4 25 | -2.77× | 0.67× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | 1.61× | 2.39× | ||
| Q1 25 | — | 1.99× | ||
| Q4 24 | 0.67× | 0.75× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | 1.57× | 4.25× | ||
| Q1 24 | — | 1.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAL
| Passenger Travel | $11.6B | 83% |
| Loyalty Program Travel Redemptions | $1.1B | 8% |
| Loyalty Program Marketing Services | $945.0M | 7% |
| Cargo And Freight | $227.0M | 2% |
| Other Revenue | $169.0M | 1% |
MDT
| Cardiac Rhythm And Heart Failure Division | $1.8B | 20% |
| Surgical Endoscopy | $1.7B | 19% |
| Other | $1.3B | 14% |
| Structural Heart And Aortic Division | $956.0M | 11% |
| Diabetes Group | $757.0M | 8% |
| Specialty Therapies Division | $744.0M | 8% |
| Coronary And Peripheral Vascular Division | $655.0M | 7% |
| Neuromodulation Division | $520.0M | 6% |
| Acute Care Monitoring | $493.0M | 6% |
| IE | $35.0M | 0% |
