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Side-by-side financial comparison of American Airlines Group Inc. (AAL) and TD SYNNEX CORP (SNX). Click either name above to swap in a different company.

TD SYNNEX CORP is the larger business by last-quarter revenue ($17.4B vs $14.0B, roughly 1.2× American Airlines Group Inc.). TD SYNNEX CORP runs the higher net margin — 1.4% vs 0.7%, a 0.7% gap on every dollar of revenue. On growth, TD SYNNEX CORP posted the faster year-over-year revenue change (9.7% vs 2.5%). TD SYNNEX CORP produced more free cash flow last quarter ($1.4B vs $-1.9B). Over the past eight quarters, TD SYNNEX CORP's revenue compounded faster (11.5% 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...

TD Synnex Corporation is an American IT distribution company with a workforce of 22,000 in over 100 countries. It was formed in 2021 by the merger of Synnex and Tech Data. TD Synnex is led by CEO Patrick Zammit.

AAL vs SNX — Head-to-Head

Bigger by revenue
SNX
SNX
1.2× larger
SNX
$17.4B
$14.0B
AAL
Growing faster (revenue YoY)
SNX
SNX
+7.2% gap
SNX
9.7%
2.5%
AAL
Higher net margin
SNX
SNX
0.7% more per $
SNX
1.4%
0.7%
AAL
More free cash flow
SNX
SNX
$3.3B more FCF
SNX
$1.4B
$-1.9B
AAL
Faster 2-yr revenue CAGR
SNX
SNX
Annualised
SNX
11.5%
5.5%
AAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAL
AAL
SNX
SNX
Revenue
$14.0B
$17.4B
Net Profit
$99.0M
$248.4M
Gross Margin
6.9%
Operating Margin
3.2%
2.3%
Net Margin
0.7%
1.4%
Revenue YoY
2.5%
9.7%
Net Profit YoY
-83.2%
27.5%
EPS (diluted)
$0.15
$3.02

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
SNX
SNX
Q4 25
$14.0B
$17.4B
Q3 25
$13.7B
$15.7B
Q2 25
$14.4B
$14.9B
Q1 25
$12.6B
$14.5B
Q4 24
$13.7B
$15.8B
Q3 24
$13.6B
$14.7B
Q2 24
$14.3B
$13.9B
Q1 24
$12.6B
$14.0B
Net Profit
AAL
AAL
SNX
SNX
Q4 25
$99.0M
$248.4M
Q3 25
$-114.0M
$226.8M
Q2 25
$599.0M
$184.9M
Q1 25
$-473.0M
$167.5M
Q4 24
$590.0M
$194.8M
Q3 24
$-149.0M
$178.6M
Q2 24
$717.0M
$143.6M
Q1 24
$-312.0M
$172.1M
Gross Margin
AAL
AAL
SNX
SNX
Q4 25
6.9%
Q3 25
7.2%
Q2 25
7.0%
Q1 25
6.9%
Q4 24
6.6%
Q3 24
6.5%
Q2 24
7.0%
Q1 24
7.2%
Operating Margin
AAL
AAL
SNX
SNX
Q4 25
3.2%
2.3%
Q3 25
1.1%
2.5%
Q2 25
7.9%
2.2%
Q1 25
-2.2%
2.1%
Q4 24
8.3%
2.0%
Q3 24
0.7%
2.1%
Q2 24
9.7%
1.9%
Q1 24
0.1%
2.2%
Net Margin
AAL
AAL
SNX
SNX
Q4 25
0.7%
1.4%
Q3 25
-0.8%
1.4%
Q2 25
4.2%
1.2%
Q1 25
-3.8%
1.2%
Q4 24
4.3%
1.2%
Q3 24
-1.1%
1.2%
Q2 24
5.0%
1.0%
Q1 24
-2.5%
1.2%
EPS (diluted)
AAL
AAL
SNX
SNX
Q4 25
$0.15
$3.02
Q3 25
$-0.17
$2.74
Q2 25
$0.91
$2.21
Q1 25
$-0.72
$1.98
Q4 24
$0.94
$2.28
Q3 24
$-0.23
$2.08
Q2 24
$1.01
$1.66
Q1 24
$-0.48
$1.93

Balance Sheet & Financial Strength

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

Metric
AAL
AAL
SNX
SNX
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
$25.3B
$3.6B
Stockholders' EquityBook value
$-3.7B
$8.5B
Total Assets
$61.8B
$34.3B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAL
AAL
SNX
SNX
Q4 25
$2.4B
Q3 25
$874.4M
Q2 25
$767.1M
Q1 25
$541.9M
Q4 24
$1.1B
Q3 24
$853.9M
Q2 24
$1.2B
Q1 24
$1.0B
Total Debt
AAL
AAL
SNX
SNX
Q4 25
$25.3B
$3.6B
Q3 25
$25.1B
$3.0B
Q2 25
$25.3B
$3.7B
Q1 25
$24.7B
$3.7B
Q4 24
$25.2B
$3.7B
Q3 24
$26.3B
$3.7B
Q2 24
$27.6B
$3.7B
Q1 24
$28.2B
$3.1B
Stockholders' Equity
AAL
AAL
SNX
SNX
Q4 25
$-3.7B
$8.5B
Q3 25
$-4.0B
$8.5B
Q2 25
$-3.9B
$8.3B
Q1 25
$-4.5B
$8.1B
Q4 24
$-4.0B
$8.0B
Q3 24
$-4.9B
$8.2B
Q2 24
$-4.7B
$8.0B
Q1 24
$-5.5B
$8.1B
Total Assets
AAL
AAL
SNX
SNX
Q4 25
$61.8B
$34.3B
Q3 25
$62.1B
$31.7B
Q2 25
$63.7B
$30.5B
Q1 25
$62.6B
$28.8B
Q4 24
$61.8B
$30.3B
Q3 24
$63.5B
$29.2B
Q2 24
$64.1B
$27.7B
Q1 24
$64.4B
$27.8B
Debt / Equity
AAL
AAL
SNX
SNX
Q4 25
0.43×
Q3 25
0.36×
Q2 25
0.45×
Q1 25
0.46×
Q4 24
0.46×
Q3 24
0.46×
Q2 24
0.47×
Q1 24
0.38×

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
SNX
SNX
Operating Cash FlowLast quarter
$-274.0M
$1.5B
Free Cash FlowOCF − Capex
$-1.9B
$1.4B
FCF MarginFCF / Revenue
-13.6%
8.2%
Capex IntensityCapex / Revenue
11.6%
0.2%
Cash ConversionOCF / Net Profit
-2.77×
5.88×
TTM Free Cash FlowTrailing 4 quarters
$-680.0M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAL
AAL
SNX
SNX
Q4 25
$-274.0M
$1.5B
Q3 25
$-46.0M
$246.1M
Q2 25
$963.0M
$573.2M
Q1 25
$2.5B
$-748.0M
Q4 24
$398.0M
$561.9M
Q3 24
$277.0M
$385.8M
Q2 24
$1.1B
$-114.7M
Q1 24
$2.2B
$384.7M
Free Cash Flow
AAL
AAL
SNX
SNX
Q4 25
$-1.9B
$1.4B
Q3 25
$-872.0M
$213.9M
Q2 25
$464.0M
$542.9M
Q1 25
$1.6B
$-789.5M
Q4 24
$-342.0M
$512.9M
Q3 24
$-191.0M
$338.6M
Q2 24
$477.0M
$-152.5M
Q1 24
$1.4B
$343.6M
FCF Margin
AAL
AAL
SNX
SNX
Q4 25
-13.6%
8.2%
Q3 25
-6.4%
1.4%
Q2 25
3.2%
3.6%
Q1 25
13.0%
-5.4%
Q4 24
-2.5%
3.2%
Q3 24
-1.4%
2.3%
Q2 24
3.3%
-1.1%
Q1 24
10.8%
2.5%
Capex Intensity
AAL
AAL
SNX
SNX
Q4 25
11.6%
0.2%
Q3 25
6.0%
0.2%
Q2 25
3.5%
0.2%
Q1 25
6.6%
0.3%
Q4 24
5.4%
0.3%
Q3 24
3.4%
0.3%
Q2 24
4.5%
0.3%
Q1 24
6.6%
0.3%
Cash Conversion
AAL
AAL
SNX
SNX
Q4 25
-2.77×
5.88×
Q3 25
1.09×
Q2 25
1.61×
3.10×
Q1 25
-4.46×
Q4 24
0.67×
2.88×
Q3 24
2.16×
Q2 24
1.57×
-0.80×
Q1 24
2.24×

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%

SNX
SNX

Segment breakdown not available.

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