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

Liberty Global Ltd. is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× Grupo Aeromexico, S.A.B. de C.V.). Liberty Global Ltd. runs the higher net margin — 15.0% vs 11.5%, a 3.5% 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.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

AERO vs LBTYA — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
1.7× larger
LBTYA
$2.4B
$1.4B
AERO
Higher net margin
LBTYA
LBTYA
3.5% more per $
LBTYA
15.0%
11.5%
AERO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AERO
AERO
LBTYA
LBTYA
Revenue
$1.4B
$2.4B
Net Profit
$165.0M
$358.2M
Gross Margin
Operating Margin
21.1%
1.0%
Net Margin
11.5%
15.0%
Revenue YoY
-3.6%
Net Profit YoY
127.1%
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
LBTYA
LBTYA
Q1 26
$2.4B
Q4 25
$1.4B
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$-1.4B
Q3 24
$1.9B
Q2 24
$1.9B
Net Profit
AERO
AERO
LBTYA
LBTYA
Q1 26
$358.2M
Q4 25
$165.0M
$-2.9B
Q3 25
$-90.7M
Q2 25
$-2.8B
Q1 25
$-1.3B
Q4 24
$2.2B
Q3 24
$-1.4B
Q2 24
$268.1M
Gross Margin
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
66.8%
Q3 25
67.5%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
Q2 24
68.5%
Operating Margin
AERO
AERO
LBTYA
LBTYA
Q1 26
1.0%
Q4 25
21.1%
-8.6%
Q3 25
-0.7%
Q2 25
2.3%
Q1 25
5.2%
Q4 24
Q3 24
5.2%
Q2 24
1.0%
Net Margin
AERO
AERO
LBTYA
LBTYA
Q1 26
15.0%
Q4 25
11.5%
-237.0%
Q3 25
-7.5%
Q2 25
-220.1%
Q1 25
-114.2%
Q4 24
-158.9%
Q3 24
-74.1%
Q2 24
14.3%
EPS (diluted)
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
$-8.66
Q3 25
$-0.27
Q2 25
$-8.09
Q1 25
$-3.84
Q4 24
$6.15
Q3 24
$-3.95
Q2 24
$0.71

Balance Sheet & Financial Strength

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

Metric
AERO
AERO
LBTYA
LBTYA
Cash + ST InvestmentsLiquidity on hand
$-387.3M
Total DebtLower is stronger
Stockholders' EquityBook value
Total Assets
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AERO
AERO
LBTYA
LBTYA
Q1 26
$-387.3M
Q4 25
$2.2B
Q3 25
$1.7B
Q2 25
$3.1B
Q1 25
$2.0B
Q4 24
$2.2B
Q3 24
$3.3B
Q2 24
$3.2B
Total Debt
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.8B
Q1 25
$8.2B
Q4 24
$8.2B
Q3 24
$14.9B
Q2 24
$14.7B
Stockholders' Equity
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
$9.7B
Q3 25
$12.7B
Q2 25
$13.0B
Q1 25
$12.6B
Q4 24
$12.4B
Q3 24
$18.7B
Q2 24
$18.3B
Total Assets
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
$22.6B
Q3 25
$25.4B
Q2 25
$27.2B
Q1 25
$26.0B
Q4 24
$25.4B
Q3 24
$41.8B
Q2 24
$40.8B
Debt / Equity
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
0.80×
Q3 25
0.61×
Q2 25
0.60×
Q1 25
0.65×
Q4 24
0.66×
Q3 24
0.80×
Q2 24
0.80×

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
LBTYA
LBTYA
Operating Cash FlowLast quarter
$107.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
0.30×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AERO
AERO
LBTYA
LBTYA
Q1 26
$107.6M
Q4 25
$630.9M
Q3 25
$301.8M
Q2 25
$149.2M
Q1 25
$129.2M
Q4 24
$791.6M
Q3 24
$449.5M
Q2 24
$546.1M
Free Cash Flow
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
$193.3M
Q3 25
$-41.1M
Q2 25
$-170.1M
Q1 25
$-114.1M
Q4 24
$712.9M
Q3 24
$102.4M
Q2 24
$256.8M
FCF Margin
AERO
AERO
LBTYA
LBTYA
Q1 26
Q4 25
15.7%
Q3 25
-3.4%
Q2 25
-13.4%
Q1 25
-9.7%
Q4 24
-50.5%
Q3 24
5.3%
Q2 24
13.7%
Capex Intensity
AERO
AERO
LBTYA
LBTYA
Q1 26
1.5%
Q4 25
35.5%
Q3 25
28.4%
Q2 25
25.2%
Q1 25
20.8%
Q4 24
-5.6%
Q3 24
17.9%
Q2 24
15.4%
Cash Conversion
AERO
AERO
LBTYA
LBTYA
Q1 26
0.30×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.35×
Q3 24
Q2 24
2.04×

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%

LBTYA
LBTYA

Mobile Service$775.2M32%
Fixed Service$772.0M32%
Business$308.7M13%
Wholesale$256.9M11%
Business Service$233.2M10%

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