vs

Side-by-side financial comparison of Grupo Aeromexico, S.A.B. de C.V. (AERO) and Baxter International (BAX). Click either name above to swap in a different company.

Baxter International is the larger business by last-quarter revenue ($2.7B vs $1.4B, roughly 1.9× Grupo Aeromexico, S.A.B. de C.V.). Grupo Aeromexico, S.A.B. de C.V. runs the higher net margin — 11.5% vs -0.6%, a 12.0% gap on every dollar of revenue.

Grupo Aeromexico is Mexico's flagship airline holding company, offering domestic and international passenger and cargo air transport services. It operates a wide route network covering North America, South America, Europe and Asia, serving leisure and business travel segments with a modern commercial aircraft fleet.

Baxter International Inc. is an American multinational healthcare company with headquarters in Deerfield, Illinois.

AERO vs BAX — Head-to-Head

Bigger by revenue
BAX
BAX
1.9× larger
BAX
$2.7B
$1.4B
AERO
Higher net margin
AERO
AERO
12.0% more per $
AERO
11.5%
-0.6%
BAX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AERO
AERO
BAX
BAX
Revenue
$1.4B
$2.7B
Net Profit
$165.0M
$-15.0M
Gross Margin
33.0%
Operating Margin
21.1%
2.4%
Net Margin
11.5%
-0.6%
Revenue YoY
3.0%
Net Profit YoY
EPS (diluted)
$-0.03

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
AERO
AERO
BAX
BAX
Q1 26
$2.7B
Q4 25
$1.4B
$3.0B
Q3 25
$2.8B
Q2 25
$2.8B
Q1 25
$2.6B
Q4 24
$533.0M
Q3 24
$2.7B
Q2 24
$3.8B
Net Profit
AERO
AERO
BAX
BAX
Q1 26
$-15.0M
Q4 25
$165.0M
$-1.1B
Q3 25
$-46.0M
Q2 25
$91.0M
Q1 25
$126.0M
Q4 24
$-512.0M
Q3 24
$140.0M
Q2 24
$-314.0M
Gross Margin
AERO
AERO
BAX
BAX
Q1 26
33.0%
Q4 25
19.4%
Q3 25
33.5%
Q2 25
35.3%
Q1 25
32.8%
Q4 24
25.0%
Q3 24
38.3%
Q2 24
37.5%
Operating Margin
AERO
AERO
BAX
BAX
Q1 26
2.4%
Q4 25
21.1%
-24.5%
Q3 25
6.1%
Q2 25
6.8%
Q1 25
2.2%
Q4 24
-25.5%
Q3 24
5.7%
Q2 24
-5.0%
Net Margin
AERO
AERO
BAX
BAX
Q1 26
-0.6%
Q4 25
11.5%
-37.9%
Q3 25
-1.6%
Q2 25
3.2%
Q1 25
4.8%
Q4 24
-96.1%
Q3 24
5.2%
Q2 24
-8.2%
EPS (diluted)
AERO
AERO
BAX
BAX
Q1 26
$-0.03
Q4 25
$-2.21
Q3 25
$-0.09
Q2 25
$0.18
Q1 25
$0.25
Q4 24
$-0.99
Q3 24
$0.27
Q2 24
$-0.62

Cash Flow & Capital Efficiency

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

Metric
AERO
AERO
BAX
BAX
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$76.0M
FCF MarginFCF / Revenue
2.8%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERO
AERO
BAX
BAX
Q1 26
Q4 25
$584.0M
Q3 25
$237.0M
Q2 25
$217.0M
Q1 25
$-193.0M
Q4 24
$488.0M
Q3 24
$253.0M
Q2 24
$115.0M
Free Cash Flow
AERO
AERO
BAX
BAX
Q1 26
$76.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
AERO
AERO
BAX
BAX
Q1 26
2.8%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
AERO
AERO
BAX
BAX
Q1 26
5.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
AERO
AERO
BAX
BAX
Q1 26
Q4 25
Q3 25
Q2 25
2.38×
Q1 25
-1.53×
Q4 24
Q3 24
1.81×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AERO
AERO

Passenger$1.3B91%
Air Cargo$82.0M6%
Other$52.0M4%

BAX
BAX

Segment breakdown not available.

Related Comparisons