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

GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.4B, roughly 1.5× Grupo Aeromexico, S.A.B. de C.V.). Grupo Aeromexico, S.A.B. de C.V. runs the higher net margin — 11.5% vs 1.1%, a 10.3% 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.

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

AERO vs GLP — Head-to-Head

Bigger by revenue
GLP
GLP
1.5× larger
GLP
$2.2B
$1.4B
AERO
Higher net margin
AERO
AERO
10.3% more per $
AERO
11.5%
1.1%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AERO
AERO
GLP
GLP
Revenue
$1.4B
$2.2B
Net Profit
$165.0M
$25.1M
Gross Margin
11.9%
Operating Margin
21.1%
2.6%
Net Margin
11.5%
1.1%
Revenue YoY
7.0%
Net Profit YoY
5.0%
EPS (diluted)

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
GLP
GLP
Q4 25
$1.4B
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.3B
Q1 24
$2.2B
Net Profit
AERO
AERO
GLP
GLP
Q4 25
$165.0M
$25.1M
Q3 25
$29.0M
Q2 25
$25.2M
Q1 25
$18.7M
Q4 24
$23.9M
Q3 24
$45.9M
Q2 24
$46.1M
Q1 24
$-5.6M
Gross Margin
AERO
AERO
GLP
GLP
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Q1 24
9.8%
Operating Margin
AERO
AERO
GLP
GLP
Q4 25
21.1%
2.6%
Q3 25
2.7%
Q2 25
2.9%
Q1 25
2.6%
Q4 24
2.8%
Q3 24
3.9%
Q2 24
3.7%
Q1 24
1.2%
Net Margin
AERO
AERO
GLP
GLP
Q4 25
11.5%
1.1%
Q3 25
1.3%
Q2 25
1.2%
Q1 25
0.9%
Q4 24
1.2%
Q3 24
2.1%
Q2 24
2.0%
Q1 24
-0.3%

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
GLP
GLP
Operating Cash FlowLast quarter
$101.0M
Free Cash FlowOCF − Capex
$62.2M
FCF MarginFCF / Revenue
2.8%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.03×
TTM Free Cash FlowTrailing 4 quarters
$193.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERO
AERO
GLP
GLP
Q4 25
$101.0M
Q3 25
$19.0M
Q2 25
$216.3M
Q1 25
$-51.6M
Q4 24
$67.2M
Q3 24
$122.7M
Q2 24
$24.3M
Q1 24
$-182.7M
Free Cash Flow
AERO
AERO
GLP
GLP
Q4 25
$62.2M
Q3 25
$-678.0K
Q2 25
$201.3M
Q1 25
$-69.5M
Q4 24
$20.4M
Q3 24
$98.4M
Q2 24
$8.7M
Q1 24
$-199.3M
FCF Margin
AERO
AERO
GLP
GLP
Q4 25
2.8%
Q3 25
-0.0%
Q2 25
9.7%
Q1 25
-3.2%
Q4 24
1.0%
Q3 24
4.6%
Q2 24
0.4%
Q1 24
-9.0%
Capex Intensity
AERO
AERO
GLP
GLP
Q4 25
1.8%
Q3 25
0.9%
Q2 25
0.7%
Q1 25
0.8%
Q4 24
2.3%
Q3 24
1.1%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
AERO
AERO
GLP
GLP
Q4 25
4.03×
Q3 25
0.66×
Q2 25
8.58×
Q1 25
-2.76×
Q4 24
2.82×
Q3 24
2.67×
Q2 24
0.53×
Q1 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%

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

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