LTM vs. UNP: LATAM Airlines vs. Union Pacific Stock Comparison

November 11, 2026

How do LATAM Airlines (LTM) and Union Pacific (UNP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

LATAM Airlines (LTM) and Union Pacific (UNP) both fall under the Transportation industry group, but LTM is classified in Passenger Airlines while UNP is classified in Ground Transportation.

Union Pacific (UNP) carries decades of public-market history since January 2, 1980, while LATAM Airlines (LTM) listed on July 25, 2024 — long-window comparisons have far more historical data on the UNP side.

Union Pacific (UNP) trades as ordinary local shares, while LATAM Airlines (LTM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for LATAM Airlines (LTM) and Union Pacific (UNP)
Profile Item	LTM	UNP
Name	LATAM Airlines Group S.A. ADR	Union Pacific Corp.
Country/Region	Chile	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Transportation	Transportation
GICS Industry	Passenger Airlines	Ground Transportation
GICS Sub-Industry	Passenger Airlines	Rail Transportation
Market Capitalization	13.60 billion USD	172.38 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 25, 2024	January 2, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

LTM

UNP

GSPC

LATAM Airlines (LTM) vs. Union Pacific (UNP), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for LATAM Airlines (LTM) and Union Pacific (UNP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for LATAM Airlines (LTM) and Union Pacific (UNP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Total Return (1Y)	12.94%	36.74%
Total Return (3Y, Annualized)	--	14.66%
Total Return (5Y, Annualized)	--	6.62%

Risk Profile

Drawdown History

LTM

UNP

GSPC

LATAM Airlines (LTM) vs. Union Pacific (UNP), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for LATAM Airlines (LTM) and Union Pacific (UNP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Volatility (1Y, Annualized)	45.42%	23.12%
Beta (5Y)	0.64	0.84
Max Drawdown (5Y)	-37.94%	-31.83%
Avg. Volume (3M)	862.11K	2.49M

Risk-Adjusted Performance

Risk-Return Positioning

LTM and UNP are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Sharpe Ratio (1Y)	0.19	1.40
Sortino Ratio (1Y)	0.30	2.22

Profitability

ROE (TTM)

Both companies show strong equity returns, but LATAM Airlines (LTM) at 98.02% is the standout with ROE above its industry range; Union Pacific (UNP) at 38.75% also sits in the top quartile.

LTM

Transportation industry group

98.02%

LTM: 98.02%
Max: 45.08%
Q3: 22.02%
Median: 13.94%
Q1: 2.89%
Min: -10.45%

UNP

Transportation industry group

38.75%

Max: 45.08%
UNP: 38.75%
Q3: 22.02%
Median: 13.94%
Q1: 2.89%
Min: -10.45%

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Union Pacific (UNP) at 28.90% retains a top-quartile share of revenue as profit, ahead of LATAM Airlines (LTM) at 9.82%, which keeps about the industry-typical share.

LTM

Transportation industry group

9.82%

Max: 50.36%
Q3: 21.18%
LTM: 9.82%
Median: 5.58%
Q1: 1.55%
Min: -11.37%

UNP

Transportation industry group

28.90%

Max: 50.36%
UNP: 28.90%
Q3: 21.18%
Median: 5.58%
Q1: 1.55%
Min: -11.37%

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Union Pacific (UNP) at 41.34% operates in the top operating margin quartile, ahead of LATAM Airlines (LTM) at 13.14%, which runs around its industry’s norm.

LTM

Transportation industry group

13.14%

Max: 59.18%
Q3: 29.30%
LTM: 13.14%
Median: 11.50%
Q1: 4.62%
Min: -8.91%

UNP

Transportation industry group

41.34%

Max: 59.18%
UNP: 41.34%
Q3: 29.30%
Median: 11.50%
Q1: 4.62%
Min: -8.91%

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
ROE (TTM)	98.02%	38.75%
ROA (TTM)	7.59%	9.51%
Net Margin (TTM)	9.82%	28.90%
Operating Margin (TTM)	13.14%	41.34%
Gross Margin (TTM)	24.99%	55.77%

Growth

Revenue Growth

LATAM Airlines (LTM) at 11.16% sits in the top revenue growth quartile, while Union Pacific (UNP) at 1.07% is closer to the peer norm — faster top-line expansion for LTM.

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their Revenue Growth across different time periods.

EPS Growth

LATAM Airlines (LTM) at 53.28% sits in the top EPS growth quartile, while Union Pacific (UNP) at 8.03% is closer to the peer norm — faster per-share earnings growth for LTM.

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Revenue Growth (YoY)	11.16%	1.07%
Revenue Growth (3Y CAGR)	15.07%	-0.49%
EPS Growth (YoY)	53.28%	8.03%
EPS Growth (3Y CAGR)	-2.05%	2.24%

Financial Strength

Current Ratio (MRQ)

Union Pacific (UNP) at 1.16 keeps current ratio within its industry’s typical mid-range, while LATAM Airlines (LTM) at 0.68 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for LTM.

LTM

Transportation industry group

0.68

Max: 2.58
Q3: 1.62
Median: 1.16
Q1: 0.78
LTM: 0.68
Min: 0.22

UNP

Transportation industry group

1.16

Max: 2.58
Q3: 1.62
Median: 1.16
UNP: 1.16
Q1: 0.78
Min: 0.22

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their current ratio against the Transportation industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but LTM is more stretched: Union Pacific (UNP) at 1.41 sits in the higher-leverage quartile and LATAM Airlines (LTM) at 4.18 is above its industry benchmark range.

LTM

Transportation industry group

4.18

LTM: 4.18
Max: 2.75
Q3: 1.37
Median: 0.78
Q1: 0.35
Min: 0.00

UNP

Transportation industry group

1.41

Max: 2.75
UNP: 1.41
Q3: 1.37
Median: 0.78
Q1: 0.35
Min: 0.00

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their debt-to-equity ratio against the Transportation industry group benchmark.

Financial Strength Metrics

Financial strength metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Current Ratio (MRQ)	0.68	1.16
Debt / Equity (MRQ)	4.18	1.41
Net Debt / EBITDA	1.75	2.11

Dividends

Dividend Yield (TTM)

Both LATAM Airlines (LTM) at 0.00% and Union Pacific (UNP) at 1.87% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

LTM

Transportation industry group

0.00%

Max: 4.68%
Q3: 1.99%
Median: 0.74%
LTM: 0.00%
Q1: 0.00%
Min: 0.00%

UNP

Transportation industry group

1.87%

Max: 4.68%
Q3: 1.99%
UNP: 1.87%
Median: 0.74%
Q1: 0.00%
Min: 0.00%

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

LATAM Airlines (LTM) at 27.08% pays out a band-typical share of earnings, while Union Pacific (UNP) at 43.37% distributes more than its industry norm — less retained, thinner cover.

LTM

Transportation industry group

27.08%

Max: 100.89%
Q3: 41.68%
LTM: 27.08%
Median: 20.43%
Q1: 0.00%
Min: 0.00%

UNP

Transportation industry group

43.37%

Max: 100.89%
UNP: 43.37%
Q3: 41.68%
Median: 20.43%
Q1: 0.00%
Min: 0.00%

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
Dividend Yield (TTM)	0.00%	1.87%
Dividend Payout Ratio (TTM)	27.08%	43.37%

Valuation

P/E Ratio (TTM)

LATAM Airlines (LTM) at 8.44 sits in the cheaper P/E ratio quartile, while Union Pacific (UNP) at 22.63 is closer to its industry’s usual earnings multiple — a discount for LTM, though growth and earnings durability still matter.

LTM

Transportation industry group

8.44

Max: 46.76
Q3: 30.87
Median: 20.58
Q1: 10.44
LTM: 8.44
Min: 0.00

UNP

Transportation industry group

22.63

Max: 46.76
Q3: 30.87
UNP: 22.63
Median: 20.58
Q1: 10.44
Min: 0.00

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

LATAM Airlines (LTM) at 0.82 prices around its industry’s typical P/S ratio, while Union Pacific (UNP) at 6.54 clears its benchmark range — UNP looks notably rich on sales.

LTM

Transportation industry group

0.82

Max: 4.35
Q3: 2.07
Median: 0.93
LTM: 0.82
Q1: 0.53
Min: 0.04

UNP

Transportation industry group

6.54

UNP: 6.54
Max: 4.35
Q3: 2.07
Median: 0.93
Q1: 0.53
Min: 0.04

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: LATAM Airlines (LTM) at 5.96 sits in the upper P/B ratio quartile, and Union Pacific (UNP) at 7.83 prices even higher, above its industry range.

LTM

Transportation industry group

5.96

Max: 6.29
LTM: 5.96
Q3: 3.39
Median: 1.90
Q1: 1.03
Min: -2.07

UNP

Transportation industry group

7.83

UNP: 7.83
Max: 6.29
Q3: 3.39
Median: 1.90
Q1: 1.03
Min: -2.07

LATAM Airlines (LTM) vs. Union Pacific (UNP): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for LATAM Airlines (LTM) and Union Pacific (UNP)
Metric	LTM	UNP
P/E Ratio (TTM)	8.44	22.63
P/S Ratio (TTM)	0.82	6.54
P/B Ratio (MRQ)	5.96	7.83
Free Cash Flow Yield (TTM)	11.80%	2.94%