LTM
LATAM Airlines Group S.A.
LTM's outlook is improving, though it still trails on the overall score.
VRT
Vertiv Holdings Co
VRT has the edge over LTM overall, supported by stronger valuation and stronger modeled upside.
LTM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
LTM's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
LTM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $47.52 | +0.2% |
| Current | 9.1x | $47.41 | — |
| Fair | 11x | $58.88 | +24% |
| Expensive | 14x | $71.08 | +50% |
Historical ranges are pointers, not guarantees.
LTM has the edge over VRT in the historical PE scenario, which offers more potential upside but is not a forecast.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 23x next year's earnings.
LTM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for LTM, with profitability improving. However, they disagree widely on these estimates.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for VRT, with profitability improving.
LTM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $5.20 | +30% |
| Q1 2026 | $5.60 | +52% |
| Q4 2025 | $4.80 | +46% |
| Q3 2025 | $4.20 | +84% |
| Q2 2025 | $4.00 | +95% |
| Q1 2025 | $3.68 | +80% |
| Q4 2024 | $3.28 | +99% |
| Q3 2024 | $2.28 | -77% |
LTM's earnings per share have fallen from their peak: $5.20 over the past year, against $9.85 in late 2023.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT has the edge over LTM on earnings, with more consistent year-over-year improvement.
LTM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.1B | +27% |
| Q1 2026 | $4.1B | +22% |
| Q4 2025 | $3.9B | +16% |
| Q3 2025 | $3.8B | +17% |
| Q2 2025 | $3.3B | +7.4% |
| Q1 2025 | $3.3B | +2.5% |
| Q4 2024 | $3.3B | +3.9% |
| Q3 2024 | $3.2B | +7.3% |
LTM's revenue has grown year over year for 21 quarters in a row: $4.1B last quarter, up 27% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.5% | -7.4 points |
| Q1 2026 | 20% | +3.4 points |
| Q4 2025 | 17% | +3.9 points |
| Q3 2025 | 18% | +4.8 points |
| Q2 2025 | 13% | +3.9 points |
| Q1 2025 | 17% | +4.6 points |
| Q4 2024 | 14% | +4.7 points |
| Q3 2024 | 13% | +2.7 points |
LTM's operating margin was 5.5% last quarter, down 7.4 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over LTM on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over LTM on profitability, with a higher operating margin.
LTM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $218.9M | +81% |
| Q1 2026 | $588.1M | +108% |
| Q4 2025 | $571.3M | +28% |
| Q3 2025 | $546.8M | +43% |
| Q2 2025 | $120.8M | -78% |
| Q1 2025 | $283M | -20% |
| Q4 2024 | $445.6M | +36% |
| Q3 2024 | $383.1M | -1.2% |
LTM generated $1.9B in free cash flow over the past year, up 56% from the year before.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over LTM on cash flow, with more consistent year-over-year improvement.
LTM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1.4K shares |
| 1 year | -4% | -11.9M shares |
| 3 years | -5% | -15.1M shares |
LTM has the edge over VRT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $2.1M |
| Q3 2025 | $429.4M |
| Q2 2025 | $152.4M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
LTM spent $432M buying back its own shares over the past year, up 183% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has 393M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
LTM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.5x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.5x | Healthy |
| Q3 2024 | 1.9x | Healthy |
LTM's net debt is about 1.9 years of its operating earnings (EBITDA), up from 1.5 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has the edge over LTM on leverage, with a lower net debt burden relative to earnings.
LTM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.8 | Neutral |
| Stochastic | 27.2 | Neutral |
LTM's weekly RSI is 46 (neutral) and its Stochastic is 27 (neutral).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
LTM PE vs Industrials Sector
| Metric | LTM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 24x | 62% below |
| PE % | 12 | 37 | 25 pts below |
LTM has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
LTM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $47.7 | 0.7% below |
| 20 week MA | $50.8 | 6.7% below |
| 50 week MA | $52.7 | 10% below |
| 100 week MA | $45.2 | 4.9% above |
VRT has stronger trend alignment. LTM is above 1 of 4 weekly averages versus VRT above 2 of 5.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
LTM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $25.3 | $27.5 | +8.8% |
| 2025 | $27.5 | $54.0 | +97% |
| 2026 YTD | $54.0 | $47.4 | -12% |
LTM has finished every year since 2024 higher, and it's down 12% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over LTM on returns for 2026, with the stronger performance.