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American Airlines Group Inc. (AAL)

Historical prices through 2026-10-08Latest fiscal period 2025-12-31

Price & fundamentals

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Price date	EPS fiscal end	Basic P/E (×)	Diluted P/E (×)	P/S (×)	P/FCF (×)

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Yield, cash conversion & capital returns

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Formula: min(60, 15 × ((1 + CAGR / 100) / 1.10)^{years × 0.6})

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American Airlines Group Inc. (AAL) · Nasdaq · USD · Sector unavailable · SEC ID 0000006201

Annual coverage: 2008-12-31–2025-12-31 (18 periods). Data snapshot built 2026-10-09.

Tables include every stored fiscal period, even outside the selected chart range. Missing or unsupported values are marked “Unavailable,” not zero.

Earnings and per-share history

Annual EPS, cash flow and dividends

Per-share values are in USD; dividend yield is a percent.

Dividend-yield method and limitations

Annual EPS, cash flow, dividends and fiscal-year dividend yield for American Airlines Group Inc.. Per-share values in USD; yield in percent.
Fiscal year / end	Basic EPS	Diluted EPS	FCF / share	Dividends / share	Fiscal-year dividend yield	Filing sources
2025 2025-12-31	0.17	0.17	-1.03	Unavailable	Unavailable	Basic EPS (2026-02-18) Diluted EPS (2026-02-18) Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18)
2024 2024-12-31	1.29	1.24	1.80	Unavailable	Unavailable	Basic EPS (2026-02-18) Diluted EPS (2026-02-18) Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18)
2023 2023-12-31	1.26	1.21	1.68	Unavailable	Unavailable	Basic EPS (2026-02-18) Diluted EPS (2026-02-18) Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18)
2022 2022-12-31	0.20	0.19	-0.57	Unavailable	Unavailable	Basic EPS (2025-02-19) Diluted EPS (2025-02-19) Operating cash flow (2025-02-19) · Capital expenditure (2025-02-19)
2021 2021-12-31	-3.09	-3.09	0.77	0.00	0.00%	Basic EPS (2024-02-21) Diluted EPS (2024-02-21) Operating cash flow (2024-02-21) · Capital expenditure (2024-02-21) Dividend (2022-02-22)
2020 2020-12-31	-18.36	-18.36	-17.57	0.10	0.63%	Basic EPS (2023-02-22) Diluted EPS (2023-02-22) Operating cash flow (2023-02-22) · Capital expenditure (2023-02-22) Dividend (2023-02-22)
2019 2019-12-31	3.80	3.79	-1.02	0.40	1.41%	Basic EPS (2022-02-22) Diluted EPS (2022-02-22) Operating cash flow (2022-02-22) · Capital expenditure (2022-02-22) Dividend (2022-02-22)
2018 2018-12-31	3.04	3.03	-0.46	0.40	1.28%	Basic EPS (2021-02-17) Diluted EPS (2021-02-17) Operating cash flow (2021-02-17) · Capital expenditure (2021-02-17) Dividend (2021-02-17)
2017 2017-12-31	2.62	2.61	-2.50	0.40	0.79%	Basic EPS (2020-02-19) Diluted EPS (2020-02-19) Operating cash flow (2020-02-19) · Capital expenditure (2020-02-19) Dividend (2020-02-19)
2016 2016-12-31	4.68	4.65	1.43	0.40	0.89%	Basic EPS (2019-02-25) Diluted EPS (2019-02-25) Operating cash flow (2019-02-25) · Capital expenditure (2019-02-25) Dividend (2019-02-25)
2015 2015-12-31	11.39	11.07	0.14	0.40	0.99%	Basic EPS (2018-02-21) Diluted EPS (2018-02-21) Operating cash flow (2018-02-21) · Capital expenditure (2018-02-21) Dividend (2018-02-21)
2014 2014-12-31	4.02	3.93	-3.04	0.20	0.41%	Basic EPS (2017-02-22) Diluted EPS (2017-02-22) Operating cash flow (2017-02-22) · Capital expenditure (2017-02-22) Dividend (2017-02-22)
2013 2013-12-31	-6.54	-6.54	-8.70	Unavailable	Unavailable	Basic EPS (2016-02-24) Diluted EPS (2016-02-24) Operating cash flow (2016-02-24) · Capital expenditure (2016-02-24)
2012 2012-12-31	-7.52	-7.52	-2.42	Unavailable	Unavailable	Basic EPS (2015-02-25) Diluted EPS (2015-02-25) Operating cash flow (2015-02-25) · Capital expenditure (2015-02-25)
2011 2011-12-31	-15.83	-15.83	-6.94	Unavailable	Unavailable	Basic EPS (2014-02-28) Diluted EPS (2014-02-28) Operating cash flow (2014-02-28) · Capital expenditure (2014-02-28)
2010 2010-12-31	-1.41	-1.41	-2.17	Unavailable	Unavailable	Basic EPS (2013-04-16) Diluted EPS (2013-04-16) Operating cash flow (2013-04-16) · Capital expenditure (2013-04-16)
2009 2009-12-31	-4.99	-4.99	-2.01	Unavailable	Unavailable	Basic EPS (2012-02-15) Diluted EPS (2012-02-15) Operating cash flow (2012-02-15) · Capital expenditure (2012-02-15)
2008 2008-12-31	-8.16	-8.16	Unavailable	Unavailable	Unavailable	Basic EPS (2011-02-16) Diluted EPS (2011-02-16) Operating cash flow (2011-02-16) · Capital expenditure (2011-02-16)

Revenue and debt per share

Revenue/share is annual revenue divided by average diluted shares. Debt/share is year-end borrowings divided by common shares; leases are excluded. Per-share values are in USD. Metric definitions.

Fiscal end	Revenue / share	Total debt / share	Calculation inputs & SEC filings
2025-12-31	82.65	43.30	Calculation inputs & SEC filings Revenue: 54,633,000,000.00 USD Average diluted shares: 661,052,000.00 shares Borrowings: 28,594,000,000.00 USD Year-end common shares: 660,301,080.00 shares Revenue (2026-02-18) · Average diluted shares (2026-02-18) · Borrowings input 1 (2026-02-18) · Year-end common shares (2026-02-18)
2024-12-31	75.16	45.80	Calculation inputs & SEC filings Revenue: 54,211,000,000.00 USD Average diluted shares: 721,300,000.00 shares Borrowings: 30,118,000,000.00 USD Year-end common shares: 657,566,166.00 shares Revenue (2026-02-18) · Average diluted shares (2026-02-18) · Borrowings input 1 (2026-02-18) · Year-end common shares (2026-02-18)
2023-12-31	73.35	Unavailable	Calculation inputs & SEC filings Revenue: 52,788,000,000.00 USD Average diluted shares: 719,669,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 654,273,192.00 shares Revenue (2026-02-18) · Average diluted shares (2026-02-18) · Year-end common shares (2025-02-19)
2022-12-31	74.75	Unavailable	Calculation inputs & SEC filings Revenue: 48,971,000,000.00 USD Average diluted shares: 655,122,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 650,642,461.00 shares Revenue (2025-02-19) · Average diluted shares (2025-02-19) · Year-end common shares (2024-02-21)
2021-12-31	46.40	Unavailable	Calculation inputs & SEC filings Revenue: 29,882,000,000.00 USD Average diluted shares: 644,015,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 647,727,595.00 shares Revenue (2024-02-21) · Average diluted shares (2024-02-21) · Year-end common shares (2023-02-22)
2020-12-31	35.83	Unavailable	Calculation inputs & SEC filings Revenue: 17,337,000,000.00 USD Average diluted shares: 483,888,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 621,479,522.00 shares Revenue (2023-02-22) · Average diluted shares (2023-02-22) · Year-end common shares (2022-02-22)
2019-12-31	103.02	Unavailable	Calculation inputs & SEC filings Revenue: 45,768,000,000.00 USD Average diluted shares: 444,269,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 428,202,506.00 shares Revenue (2022-02-22) · Average diluted shares (2022-02-22) · Year-end common shares (2021-02-17)
2018-12-31	95.65	Unavailable	Calculation inputs & SEC filings Revenue: 44,541,000,000.00 USD Average diluted shares: 465,660,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 460,610,870.00 shares Revenue (2021-02-17) · Average diluted shares (2021-02-17) · Year-end common shares (2020-02-19)
2017-12-31	86.68	Unavailable	Calculation inputs & SEC filings Revenue: 42,622,000,000.00 USD Average diluted shares: 491,692,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 475,507,887.00 shares Revenue (2020-02-19) · Average diluted shares (2020-02-19) · Year-end common shares (2019-02-25)
2016-12-31	72.18	Unavailable	Calculation inputs & SEC filings Revenue: 40,142,000,000.00 USD Average diluted shares: 556,099,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 507,294,153.00 shares Revenue (2019-02-25) · Average diluted shares (2019-02-25) · Year-end common shares (2018-02-21)
2015-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 687,355,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 624,622,381.00 shares Average diluted shares (2018-02-21) · Year-end common shares (2017-02-22)
2014-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 734,016,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 697,474,535.00 shares Average diluted shares (2017-02-22) · Year-end common shares (2016-02-24)
2013-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 280,213,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: 526,805,522.00 shares Average diluted shares (2016-02-24) · Year-end common shares (2015-02-25)
2012-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 249,490,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares (2015-02-25)
2011-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 124,985,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares (2014-02-28)
2010-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 333,000,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares (2013-04-16)
2009-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: 294,000,000.00 shares Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares (2012-02-15)
2008-12-31	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Average diluted shares: Unavailable — required inputs are missing, conflicting or unsupported Borrowings: Unavailable — required inputs are missing, conflicting or unsupported Year-end common shares: Unavailable — required inputs are missing, conflicting or unsupported SEC filing links unavailable

Operating performance and returns

Revenue and profit margins

Operating margin is operating income divided by revenue; net margin is net income divided by revenue. Negative margins indicate a loss. Metric definitions.

Fiscal end	Revenue (USD)	Operating margin (%)	Net margin (%)	Calculation inputs & SEC filings
2025-12-31	54,633,000,000.00	2.69	0.20	Calculation inputs & SEC filings Revenue: 54,633,000,000.00 USD Operating income: 1,467,000,000.00 USD Net income: 111,000,000.00 USD Revenue (2026-02-18) · Operating income (2026-02-18) · Net income (2026-02-18)
2024-12-31	54,211,000,000.00	4.82	1.56	Calculation inputs & SEC filings Revenue: 54,211,000,000.00 USD Operating income: 2,614,000,000.00 USD Net income: 846,000,000.00 USD Revenue (2026-02-18) · Operating income (2026-02-18) · Net income (2026-02-18)
2023-12-31	52,788,000,000.00	5.75	1.56	Calculation inputs & SEC filings Revenue: 52,788,000,000.00 USD Operating income: 3,034,000,000.00 USD Net income: 822,000,000.00 USD Revenue (2026-02-18) · Operating income (2026-02-18) · Net income (2026-02-18)
2022-12-31	48,971,000,000.00	3.28	0.26	Calculation inputs & SEC filings Revenue: 48,971,000,000.00 USD Operating income: 1,607,000,000.00 USD Net income: 127,000,000.00 USD Revenue (2025-02-19) · Operating income (2025-02-19) · Net income (2025-02-19)
2021-12-31	29,882,000,000.00	-3.54	-6.67	Calculation inputs & SEC filings Revenue: 29,882,000,000.00 USD Operating income: -1,059,000,000.00 USD Net income: -1,993,000,000.00 USD Revenue (2024-02-21) · Operating income (2024-02-21) · Net income (2024-02-21)
2020-12-31	17,337,000,000.00	-60.11	-51.25	Calculation inputs & SEC filings Revenue: 17,337,000,000.00 USD Operating income: -10,421,000,000.00 USD Net income: -8,885,000,000.00 USD Revenue (2023-02-22) · Operating income (2023-02-22) · Net income (2023-02-22)
2019-12-31	45,768,000,000.00	6.70	3.68	Calculation inputs & SEC filings Revenue: 45,768,000,000.00 USD Operating income: 3,065,000,000.00 USD Net income: 1,686,000,000.00 USD Revenue (2022-02-22) · Operating income (2022-02-22) · Net income (2022-02-22)
2018-12-31	44,541,000,000.00	5.96	3.17	Calculation inputs & SEC filings Revenue: 44,541,000,000.00 USD Operating income: 2,656,000,000.00 USD Net income: 1,412,000,000.00 USD Revenue (2021-02-17) · Operating income (2021-02-17) · Net income (2021-02-17)
2017-12-31	42,622,000,000.00	9.93	3.01	Calculation inputs & SEC filings Revenue: 42,622,000,000.00 USD Operating income: 4,231,000,000.00 USD Net income: 1,282,000,000.00 USD Revenue (2020-02-19) · Operating income (2020-02-19) · Net income (2020-02-19)
2016-12-31	40,142,000,000.00	12.61	6.44	Calculation inputs & SEC filings Revenue: 40,142,000,000.00 USD Operating income: 5,060,000,000.00 USD Net income: 2,584,000,000.00 USD Revenue (2019-02-25) · Operating income (2019-02-25) · Net income (2019-02-25)
2015-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: 6,204,000,000.00 USD Net income: 7,610,000,000.00 USD Operating income (2018-02-21) · Net income (2018-02-21)
2014-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: 4,249,000,000.00 USD Net income: 2,882,000,000.00 USD Operating income (2017-02-22) · Net income (2017-02-22)
2013-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: 1,399,000,000.00 USD Net income: -1,834,000,000.00 USD Operating income (2016-02-24) · Net income (2016-02-24)
2012-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: 148,000,000.00 USD Net income: -1,876,000,000.00 USD Operating income (2015-02-25) · Net income (2015-02-25)
2011-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: -1,037,000,000.00 USD Net income: -1,979,000,000.00 USD Operating income (2014-02-28) · Net income (2014-02-28)
2010-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: 308,000,000.00 USD Net income: -471,000,000.00 USD Operating income (2013-04-16) · Net income (2013-04-16)
2009-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: -1,004,000,000.00 USD Net income: -1,468,000,000.00 USD Operating income (2012-02-15) · Net income (2012-02-15)
2008-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings Revenue: Unavailable — required inputs are missing, conflicting or unsupported Operating income: -1,889,000,000.00 USD Net income: -2,118,000,000.00 USD Operating income (2011-02-16) · Net income (2011-02-16)

Cash generation and capital returns

FCF margin is free cash flow as a share of revenue. FCF / net income compares free cash flow with positive net income. ROCE divides operating income by average capital employed and requires positive opening and closing balances. Metric definitions.

Fiscal end	FCF margin (%)	FCF / net income (%)	ROCE (%)	Calculation inputs & SEC filings
2025-12-31	-1.24	-612.61	3.92	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -680,000,000.00 USD ÷ Revenue 54,633,000,000.00 USD FCF / net income: Free cash flow -680,000,000.00 USD ÷ Net income 111,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 1,467,000,000.00 USD ÷ Average capital employed 37,385,000,000.00 USD Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Revenue (2026-02-18) · Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Net income (2026-02-18) · Operating income (2026-02-18) · Total assets as of 2024-12-31 (2026-02-18) · Current liabilities as of 2024-12-31 (2026-02-18) · Total assets as of 2025-12-31 (2026-02-18) · Current liabilities as of 2025-12-31 (2026-02-18)
2024-12-31	2.40	153.66	6.66	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow 1,300,000,000.00 USD ÷ Revenue 54,211,000,000.00 USD FCF / net income: Free cash flow 1,300,000,000.00 USD ÷ Net income 846,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 2,614,000,000.00 USD ÷ Average capital employed 39,242,000,000.00 USD Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Revenue (2026-02-18) · Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Net income (2026-02-18) · Operating income (2026-02-18) · Total assets as of 2023-12-31 (2025-02-19) · Current liabilities as of 2023-12-31 (2025-02-19) · Total assets as of 2024-12-31 (2026-02-18) · Current liabilities as of 2024-12-31 (2026-02-18)
2023-12-31	2.29	146.84	7.21	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow 1,207,000,000.00 USD ÷ Revenue 52,788,000,000.00 USD FCF / net income: Free cash flow 1,207,000,000.00 USD ÷ Net income 822,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 3,034,000,000.00 USD ÷ Average capital employed 42,108,000,000.00 USD Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Revenue (2026-02-18) · Operating cash flow (2026-02-18) · Capital expenditure (2026-02-18) · Net income (2026-02-18) · Operating income (2026-02-18) · Total assets as of 2022-12-31 (2024-02-21) · Current liabilities as of 2022-12-31 (2024-02-21) · Total assets as of 2023-12-31 (2025-02-19) · Current liabilities as of 2023-12-31 (2025-02-19)
2022-12-31	-0.76	-293.70	3.54	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -373,000,000.00 USD ÷ Revenue 48,971,000,000.00 USD FCF / net income: Free cash flow -373,000,000.00 USD ÷ Net income 127,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 1,607,000,000.00 USD ÷ Average capital employed 45,340,500,000.00 USD Operating cash flow (2025-02-19) · Capital expenditure (2025-02-19) · Revenue (2025-02-19) · Operating cash flow (2025-02-19) · Capital expenditure (2025-02-19) · Net income (2025-02-19) · Operating income (2025-02-19) · Total assets as of 2021-12-31 (2023-02-22) · Current liabilities as of 2021-12-31 (2023-02-22) · Total assets as of 2022-12-31 (2024-02-21) · Current liabilities as of 2022-12-31 (2024-02-21)
2021-12-31	1.66	Unavailable	-2.28	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow 496,000,000.00 USD ÷ Revenue 29,882,000,000.00 USD FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income -1,059,000,000.00 USD ÷ Average capital employed 46,450,000,000.00 USD Operating cash flow (2024-02-21) · Capital expenditure (2024-02-21) · Revenue (2024-02-21) · Operating cash flow (2024-02-21) · Capital expenditure (2024-02-21) · Net income (2024-02-21) · Operating income (2024-02-21) · Total assets as of 2020-12-31 (2022-02-22) · Current liabilities as of 2020-12-31 (2022-02-22) · Total assets as of 2021-12-31 (2023-02-22) · Current liabilities as of 2021-12-31 (2023-02-22)
2020-12-31	-49.03	Unavailable	-23.92	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -8,501,000,000.00 USD ÷ Revenue 17,337,000,000.00 USD FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income -10,421,000,000.00 USD ÷ Average capital employed 43,561,500,000.00 USD Operating cash flow (2023-02-22) · Capital expenditure (2023-02-22) · Revenue (2023-02-22) · Operating cash flow (2023-02-22) · Capital expenditure (2023-02-22) · Net income (2023-02-22) · Operating income (2023-02-22) · Total assets as of 2019-12-31 (2021-02-17) · Current liabilities as of 2019-12-31 (2021-02-17) · Total assets as of 2020-12-31 (2022-02-22) · Current liabilities as of 2020-12-31 (2022-02-22)
2019-12-31	-0.99	-26.87	7.28	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -453,000,000.00 USD ÷ Revenue 45,768,000,000.00 USD FCF / net income: Free cash flow -453,000,000.00 USD ÷ Net income 1,686,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 3,065,000,000.00 USD ÷ Average capital employed 42,084,000,000.00 USD Operating cash flow (2022-02-22) · Capital expenditure (2022-02-22) · Revenue (2022-02-22) · Operating cash flow (2022-02-22) · Capital expenditure (2022-02-22) · Net income (2022-02-22) · Operating income (2022-02-22) · Total assets as of 2018-12-31 (2020-02-19) · Current liabilities as of 2018-12-31 (2020-02-19) · Total assets as of 2019-12-31 (2021-02-17) · Current liabilities as of 2019-12-31 (2021-02-17)
2018-12-31	-0.48	-15.01	6.65	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -212,000,000.00 USD ÷ Revenue 44,541,000,000.00 USD FCF / net income: Free cash flow -212,000,000.00 USD ÷ Net income 1,412,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 2,656,000,000.00 USD ÷ Average capital employed 39,955,500,000.00 USD Operating cash flow (2021-02-17) · Capital expenditure (2021-02-17) · Revenue (2021-02-17) · Operating cash flow (2021-02-17) · Capital expenditure (2021-02-17) · Net income (2021-02-17) · Operating income (2021-02-17) · Total assets as of 2017-12-31 (2019-02-25) · Current liabilities as of 2017-12-31 (2019-02-25) · Total assets as of 2018-12-31 (2020-02-19) · Current liabilities as of 2018-12-31 (2020-02-19)
2017-12-31	-2.88	-95.71	11.31	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow -1,227,000,000.00 USD ÷ Revenue 42,622,000,000.00 USD FCF / net income: Free cash flow -1,227,000,000.00 USD ÷ Net income 1,282,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 4,231,000,000.00 USD ÷ Average capital employed 37,414,500,000.00 USD Operating cash flow (2020-02-19) · Capital expenditure (2020-02-19) · Revenue (2020-02-19) · Operating cash flow (2020-02-19) · Capital expenditure (2020-02-19) · Net income (2020-02-19) · Operating income (2020-02-19) · Total assets as of 2016-12-31 (2018-02-21) · Current liabilities as of 2016-12-31 (2018-02-21) · Total assets as of 2017-12-31 (2019-02-25) · Current liabilities as of 2017-12-31 (2019-02-25)
2016-12-31	1.98	30.69	14.01	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Free cash flow 793,000,000.00 USD ÷ Revenue 40,142,000,000.00 USD FCF / net income: Free cash flow 793,000,000.00 USD ÷ Net income 2,584,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 5,060,000,000.00 USD ÷ Average capital employed 36,106,000,000.00 USD Operating cash flow (2019-02-25) · Capital expenditure (2019-02-25) · Revenue (2019-02-25) · Operating cash flow (2019-02-25) · Capital expenditure (2019-02-25) · Net income (2019-02-25) · Operating income (2019-02-25) · Total assets as of 2015-12-31 (2017-02-22) · Current liabilities as of 2015-12-31 (2017-02-22) · Total assets as of 2016-12-31 (2018-02-21) · Current liabilities as of 2016-12-31 (2018-02-21)
2015-12-31	Unavailable	1.29	19.20	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Free cash flow 98,000,000.00 USD ÷ Net income 7,610,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 6,204,000,000.00 USD ÷ Average capital employed 32,315,500,000.00 USD Operating cash flow (2018-02-21) · Capital expenditure (2018-02-21) · Operating cash flow (2018-02-21) · Capital expenditure (2018-02-21) · Net income (2018-02-21) · Operating income (2018-02-21) · Total assets as of 2014-12-31 (2016-02-24) · Current liabilities as of 2014-12-31 (2016-02-24) · Total assets as of 2015-12-31 (2017-02-22) · Current liabilities as of 2015-12-31 (2017-02-22)
2014-12-31	Unavailable	-77.41	14.58	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Free cash flow -2,231,000,000.00 USD ÷ Net income 2,882,000,000.00 USD ROCE (operating income ÷ average capital employed): Operating income 4,249,000,000.00 USD ÷ Average capital employed 29,146,500,000.00 USD Operating cash flow (2017-02-22) · Capital expenditure (2017-02-22) · Operating cash flow (2017-02-22) · Capital expenditure (2017-02-22) · Net income (2017-02-22) · Operating income (2017-02-22) · Total assets as of 2013-12-31 (2015-02-25) · Current liabilities as of 2013-12-31 (2015-02-25) · Total assets as of 2014-12-31 (2016-02-24) · Current liabilities as of 2014-12-31 (2016-02-24)
2013-12-31	Unavailable	Unavailable	6.51	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income 1,399,000,000.00 USD ÷ Average capital employed 21,485,500,000.00 USD Operating cash flow (2016-02-24) · Capital expenditure (2016-02-24) · Operating cash flow (2016-02-24) · Capital expenditure (2016-02-24) · Net income (2016-02-24) · Operating income (2016-02-24) · Total assets as of 2012-12-31 (2014-02-28) · Current liabilities as of 2012-12-31 (2014-02-28) · Total assets as of 2013-12-31 (2015-02-25) · Current liabilities as of 2013-12-31 (2015-02-25)
2012-12-31	Unavailable	Unavailable	1.00	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income 148,000,000.00 USD ÷ Average capital employed 14,858,500,000.00 USD Operating cash flow (2015-02-25) · Capital expenditure (2015-02-25) · Operating cash flow (2015-02-25) · Capital expenditure (2015-02-25) · Net income (2015-02-25) · Operating income (2015-02-25) · Total assets as of 2011-12-31 (2013-04-16) · Current liabilities as of 2011-12-31 (2013-04-16) · Total assets as of 2012-12-31 (2014-02-28) · Current liabilities as of 2012-12-31 (2014-02-28)
2011-12-31	Unavailable	Unavailable	-6.58	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income -1,037,000,000.00 USD ÷ Average capital employed 15,763,000,000.00 USD Operating cash flow (2014-02-28) · Capital expenditure (2014-02-28) · Operating cash flow (2014-02-28) · Capital expenditure (2014-02-28) · Net income (2014-02-28) · Operating income (2014-02-28) · Total assets as of 2010-12-31 (2012-02-15) · Current liabilities as of 2010-12-31 (2012-02-15) · Total assets as of 2011-12-31 (2013-04-16) · Current liabilities as of 2011-12-31 (2013-04-16)
2010-12-31	Unavailable	Unavailable	1.81	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Operating income 308,000,000.00 USD ÷ Average capital employed 17,009,000,000.00 USD Operating cash flow (2013-04-16) · Capital expenditure (2013-04-16) · Operating cash flow (2013-04-16) · Capital expenditure (2013-04-16) · Net income (2013-04-16) · Operating income (2013-04-16) · Total assets as of 2009-12-31 (2011-02-16) · Current liabilities as of 2009-12-31 (2011-02-16) · Total assets as of 2010-12-31 (2012-02-15) · Current liabilities as of 2010-12-31 (2012-02-15)
2009-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Unavailable — required balance-sheet inputs are missing or inconsistent. Operating cash flow (2012-02-15) · Capital expenditure (2012-02-15) · Operating cash flow (2012-02-15) · Capital expenditure (2012-02-15) · Net income (2012-02-15) · Operating income (2012-02-15) · Total assets as of 2009-12-31 (2011-02-16) · Current liabilities as of 2009-12-31 (2011-02-16)
2008-12-31	Unavailable	Unavailable	Unavailable	Calculation inputs & SEC filings FCF margin (FCF ÷ revenue): Unavailable — required inputs are missing, conflicting or unsupported. FCF / net income: Unavailable — required inputs are missing, conflicting or unsupported. ROCE (operating income ÷ average capital employed): Unavailable — required balance-sheet inputs are missing or inconsistent. Operating cash flow (2011-02-16) · Capital expenditure (2011-02-16) · Operating cash flow (2011-02-16) · Capital expenditure (2011-02-16) · Net income (2011-02-16) · Operating income (2011-02-16)

Valuation history

P/E ratio history

The P/E chart uses 670 weekly price points (2013-12-13–2026-10-08); 510 have a basic or diluted P/E ratio. Annual EPS carries forward between fiscal year-ends.

Fiscal-year-end snapshots

10 fiscal-year-end periods with an eligible ratio (2014-12-31–2025-12-31). Most recent: diluted 90.82× and basic 90.82× (fiscal end 2025-12-31; price date 2025-12-26).

Annual P/E = fiscal-year-end closing price ÷ reported annual EPS. It is a historical annual ratio, not TTM or forward P/E. Zero or negative EPS and missing eligible prices produce no ratio. Why we use annual data.

Open the interactive P/E chart · How P/E history is calculated.

Show all annual P/E values (18 fiscal years)

Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal end	Price date	Close	Price basis	Basic P/E	Diluted P/E	EPS filings
2025-12-31	2025-12-26	15.44	Adjusted close	90.82	90.82	Basic EPS (2026-02-18) Diluted EPS (2026-02-18)
2024-12-31	2024-12-27	17.35	Adjusted close	13.45	13.99	Basic EPS (2026-02-18) Diluted EPS (2026-02-18)
2023-12-31	2023-12-29	13.74	Adjusted close	10.90	11.36	Basic EPS (2026-02-18) Diluted EPS (2026-02-18)
2022-12-31	2022-12-30	12.72	Adjusted close	63.60	66.95	Basic EPS (2025-02-19) Diluted EPS (2025-02-19)
2021-12-31	2021-12-31	17.96	Adjusted close	Unavailable	Unavailable	Basic EPS (2024-02-21) Diluted EPS (2024-02-21)
2020-12-31	2020-12-31	15.77	Adjusted close	Unavailable	Unavailable	Basic EPS (2023-02-22) Diluted EPS (2023-02-22)
2019-12-31	2019-12-27	28.34	Adjusted close	7.46	7.48	Basic EPS (2022-02-22) Diluted EPS (2022-02-22)
2018-12-31	2018-12-28	31.32	Adjusted close	10.30	10.34	Basic EPS (2021-02-17) Diluted EPS (2021-02-17)
2017-12-31	2017-12-29	50.72	Adjusted close	19.36	19.43	Basic EPS (2020-02-19) Diluted EPS (2020-02-19)
2016-12-31	2016-12-30	45.12	Adjusted close	9.64	9.70	Basic EPS (2019-02-25) Diluted EPS (2019-02-25)
2015-12-31	2015-12-31	40.47	Adjusted close	3.55	3.66	Basic EPS (2018-02-21) Diluted EPS (2018-02-21)
2014-12-31	2014-12-26	49.23	Adjusted close	12.25	12.53	Basic EPS (2017-02-22) Diluted EPS (2017-02-22)
2013-12-31	2013-12-27	23.51	Adjusted close	Unavailable	Unavailable	Basic EPS (2016-02-24) Diluted EPS (2016-02-24)
2012-12-31	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Basic EPS (2015-02-25) Diluted EPS (2015-02-25)
2011-12-31	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Basic EPS (2014-02-28) Diluted EPS (2014-02-28)
2010-12-31	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Basic EPS (2013-04-16) Diluted EPS (2013-04-16)
2009-12-31	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Basic EPS (2012-02-15) Diluted EPS (2012-02-15)
2008-12-31	Unavailable	Unavailable	Unavailable	Unavailable	Unavailable	Basic EPS (2011-02-16) Diluted EPS (2011-02-16)

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