ICAGY
International Consolidated Airlines Group S.A.
OTC Markets OTCPKUSDEQUITY
Industrials
DELAYED
Last price
11.50
▲ 0.14 (1.23%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
11.57
Prev close
11.36
Day high
11.57
Day low
11.49
Volume
8.86K
Market cap
$25.22B
P/E (TTM)
7.67
52W range
9.10 – 13.07
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-3.85%
-2.5%
1M
+2.50%
-1.2%
3M
+7.28%
+4.2%
6M
-3.20%
-14.3%
YTD
+4.36%
-7.9%
1Y
+10.47%
-9.5%
3Y
+176.44%
+102.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$25.22B
Enterprise value$30.15B
Revenue (TTM)$33.37B
Gross profit$12.77B
EBITDA$6.36B
Net income$3.07B
EPS (TTM)$1.50
Free cash flow$1.09B
Total cash$9.18B
Total debt$13.87B
Book value / share$4.55
Shares outstanding2.19B
Float1.53B
Short % of float—
Dividend yield1.96%
Beta (5Y)1.32
Valuation & profitability ratios
Trailing P/E7.67
Forward P/E5.86
PEG ratio2.69
Price / sales—
Price / book2.53
EV / revenue0.90
EV / EBITDA4.74
Gross margin38.27%
Operating margin16.10%
Profit margin9.21%
Return on equity42.14%
Return on assets6.96%
Debt / equity160.67
Current ratio0.77
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $33.21B | $32.10B | $29.45B | $23.07B | +3.5% |
| Operating revenue | $33.21B | $32.10B | $29.45B | $23.07B | +3.5% |
| Cost of revenue | $24.85B | $24.52B | $22.76B | $18.97B | +1.3% |
| Gross profit | $8.37B | $7.58B | $6.70B | $4.10B | +10.4% |
| Selling, general & admin | $1.39B | $1.43B | $1.16B | $920.00M | -2.9% |
| Total operating expense | $3.35B | $3.28B | $3.17B | $2.70B | +2.2% |
| Operating income | $5.01B | $4.30B | $3.53B | $1.40B | +16.6% |
| Net interest income | -$498.00M | -$450.00M | -$624.00M | -$939.00M | -10.7% |
| Pre-tax income | $4.50B | $3.56B | $3.06B | $415.00M | +26.4% |
| Tax provision | $1.16B | $831.00M | $401.00M | -$16.00M | +40.0% |
| Net income | $3.34B | $2.73B | $2.65B | $431.00M | +22.3% |
| Net income to common | $3.34B | $2.73B | $2.65B | $431.00M | +22.3% |
| Basic EPS | 1.43 | 1.11 | 1.08 | 0.17 | +28.0% |
| Diluted EPS | 1.39 | 1.11 | 1.01 | 0.12 | +25.2% |
| EBIT | $5.32B | $4.46B | $4.15B | $1.39B | +19.2% |
| EBITDA | $7.95B | $6.83B | $6.21B | $3.50B | +16.4% |
| Basic shares | 2.35B | 2.45B | 2.47B | 2.48B | -4.4% |
| Diluted shares | 2.52B | 2.63B | 2.64B | 2.67B | -4.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $7.42B | $8.19B | $5.44B | $9.20B | -9.4% |
| Cash & short-term investments | $8.29B | $9.80B | $6.81B | $9.57B | -15.4% |
| Accounts receivable | $1.34B | $1.77B | $1.56B | $1.33B | -24.2% |
| Inventory | $699.00M | $617.00M | $494.00M | $353.00M | +13.3% |
| Total current assets | $13.01B | $15.19B | $10.95B | $13.24B | -14.4% |
| Property, plant & equipment | $21.45B | $21.13B | $19.78B | $18.35B | +1.5% |
| Goodwill & intangibles | $3.77B | $3.64B | $3.33B | $3.56B | +3.5% |
| Total assets | $42.85B | $43.80B | $37.68B | $39.30B | -2.2% |
| Total current liabilities | $18.55B | $19.36B | $17.70B | $16.66B | -4.2% |
| Current debt | $1.65B | $2.00B | $1.15B | $1.08B | -17.5% |
| Long-term debt | $5.62B | $6.70B | $5.96B | $9.29B | -16.1% |
| Total debt | $14.27B | $17.34B | $16.08B | $19.98B | -17.7% |
| Total liabilities | $35.26B | $37.63B | $34.40B | $37.28B | -6.3% |
| Shareholder equity | $7.59B | $6.17B | $3.27B | $2.02B | +23.0% |
| Working capital | -$5.54B | -$4.17B | -$6.75B | -$3.42B | -32.7% |
| Net tangible assets | $3.82B | $2.53B | -$60.00M | -$1.54B | +51.0% |
| Shares issued | 4.73B | 4.97B | 4.97B | 4.97B | -4.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $5.02B | $4.28B | $3.51B | $1.28B | +17.3% |
| Depreciation & amortisation | $2.63B | $2.36B | $2.06B | $2.11B | +11.2% |
| Change in working capital | $550.00M | -$82.00M | -$142.00M | $1.88B | +770.7% |
| Operating cash flow | $6.59B | $6.37B | $4.60B | $4.85B | +3.4% |
| Capital expenditure | -$3.44B | -$2.82B | -$3.28B | -$3.88B | -22.2% |
| Investing cash flow | -$2.77B | -$2.50B | -$3.16B | -$3.46B | -10.7% |
| Share buybacks | -$1.24B | -$202.00M | -$77.00M | -$23.00M | -515.3% |
| Dividends paid | -$471.00M | -$149.00M | — | — | -216.1% |
| Financing cash flow | -$4.41B | -$1.18B | -$5.19B | -$56.00M | -275.6% |
| Free cash flow | $3.15B | $3.56B | $1.32B | $979.00M | -11.5% |
| End cash position | $7.42B | $8.19B | $5.44B | $9.20B | -9.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $8.88B | $7.18B | $7.98B | $9.33B | $8.86B | — | +23.7% |
| Operating revenue | $8.88B | $7.18B | $7.98B | $9.33B | $8.86B | — | +23.7% |
| Cost of revenue | $7.11B | $6.24B | $5.17B | $6.77B | $6.65B | — | +13.9% |
| Gross profit | $1.77B | $937.00M | $2.81B | $2.56B | $2.22B | — | +89.3% |
| Selling, general & admin | $235.00M | $293.00M | $594.00M | $225.00M | $274.00M | — | -19.8% |
| Total operating expense | $521.00M | $579.00M | $1.70B | $506.00M | $547.00M | — | -10.0% |
| Operating income | $1.25B | $358.00M | $1.11B | $2.06B | $1.67B | — | +250.0% |
| Net interest income | -$126.00M | -$91.00M | -$147.00M | -$117.00M | -$121.00M | — | -38.5% |
| Pre-tax income | $995.00M | $422.00M | $890.00M | $1.87B | $1.51B | — | +135.8% |
| Tax provision | $263.00M | $121.00M | $251.00M | $467.00M | $382.00M | — | +117.4% |
| Net income | $732.00M | $301.00M | $639.00M | $1.40B | $1.13B | — | +143.2% |
| Net income to common | $732.00M | $301.00M | $639.00M | $1.40B | $1.13B | — | +143.2% |
| Basic EPS | 0.33 | 0.13 | — | 0.60 | 0.48 | 0.07 | +154.5% |
| Diluted EPS | 0.33 | 0.12 | — | 0.60 | — | 0.07 | +172.7% |
| EBIT | $1.22B | $602.00M | $1.08B | $2.07B | $1.72B | — | +101.8% |
| EBITDA | $1.22B | $602.00M | $1.08B | $2.07B | $1.72B | — | +101.8% |
| Basic shares | 2.21B | 2.31B | — | 2.32K | — | 2.41B | -4.3% |
| Diluted shares | 2.21B | 2.48B | — | 2.32K | — | 2.59B | -10.8% |
| Line item | 2026-06-30 | 2025-12-31 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $8.75B | $7.42B | $7.72B | $8.19B | +17.9% |
| Cash & short-term investments | $9.18B | $8.29B | $9.35B | $9.80B | +10.7% |
| Accounts receivable | $1.64B | $1.34B | $1.77B | $1.77B | +21.9% |
| Inventory | $668.00M | $699.00M | $630.00M | $617.00M | -4.4% |
| Total current assets | $15.15B | $13.01B | $14.43B | $15.19B | +16.5% |
| Property, plant & equipment | $21.96B | $21.45B | $21.33B | $21.13B | +2.4% |
| Goodwill & intangibles | $3.90B | $3.77B | $3.68B | $3.64B | +3.5% |
| Total assets | $46.11B | $42.85B | $43.99B | $43.80B | +7.6% |
| Total current liabilities | $19.71B | $18.55B | $21.15B | $19.36B | +6.3% |
| Current debt | $520.00M | $1.65B | $1.52B | $2.00B | -68.5% |
| Long-term debt | $6.44B | $5.62B | $5.88B | $6.70B | +14.5% |
| Total debt | $13.87B | $14.27B | $14.81B | $17.34B | -2.8% |
| Total liabilities | $37.48B | $35.26B | $38.03B | $37.63B | +6.3% |
| Shareholder equity | $8.63B | $7.59B | $5.95B | $6.17B | +13.7% |
| Working capital | -$4.56B | -$5.54B | -$6.72B | -$4.17B | +17.6% |
| Net tangible assets | $4.72B | $3.82B | $2.27B | $2.53B | +23.7% |
| Shares issued | 4.61B | 4.73B | 4.97B | 4.97B | -2.4% |
No filings published for this symbol yet.
Newly listed companies often have nothing on file until their first annual report.
Newly listed companies often have nothing on file until their first annual report.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.33 | 0.36 | +8.6% |
| Mar 2026 | 0.06 | 0.12 | +107.9% |
| Dec 2025 | 0.31 | 0.28 | -8.7% |
| Sep 2025 | 0.60 | 0.58 | -3.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.58 | 1 | $9.68B | +3.8% |
| Next quarter | 0.30 | 1 | $8.25B | +3.3% |
| Current year | 1.24 | 1 | $34.30B | +3.3% |
| Next year | 1.68 | 1 | $35.93B | +4.7% |
Analyst targets & ownership
Mean target$14.68
High target$15.37
Low target$13.60
Implied upside27.64%
Analyst count3
ConsensusNONE
Strong buy / Buy2 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders0.00%
Held by institutions0.02%
Institutions holding9
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
11.70
-1.73% from price
SMA 20
11.75
-2.17% from price
SMA 50
12.03
-4.41% from price
SMA 100
11.31
+1.69% from price
SMA 200
11.04
+4.18% from price
EMA 12
11.67
-1.42% from price
EMA 26
11.77
-2.27% from price
EMA 50
11.73
-1.98% from price
RSI (14)
43.3
Neutral
MACD (12,26,9)
-0.10
Hist -0.04
ATR (14)
0.21
1.85% of price
Realised vol 30D
25.3%
Annualised
Bollinger upper
12.10
20, 2σ
Bollinger lower
11.41
20, 2σ
50 / 200 cross
Golden
12.03 vs 11.04
Trend bias
Above 200
+4.18%
Risk profile
Beta vs SPY
1.38
More volatile than market
Correlation to SPY
0.49
Loosely linked
Realised vol 30D
25.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-25.4%
Peak to trough
Max drawdown 5Y
-58.7%
Peak to trough
ATR 14
0.21
1.85% of price
Beta (reported)
1.32
5Y monthly, from filing
Dividends & splits
Forward rate$0.23 / yr
Forward yield1.96%
5-year avg yield9.73%
Payout ratio15.28%
Ex-dividend dateJun 26, 2026
Next pay dateJul 6, 2026
Last split2499:1000
Split dateOct 25, 2016
Headlines
International Consolidated Airlines Group (LSE:IAG) Stock Sees Fair Value Lift As Analysts Refine Targets
Simply Wall St. · 3d ago
Airline investors turn less bearish as Middle East capacity keeps shrinking
Proactive · 9d ago
Iamgold Corp (IAG) (Q2 2026) Earnings Call Highlights: Record Cash Flow and Strategic Expansion ...
GuruFocus.com · 15d ago
Iamgold: Q2 Earnings Snapshot
Associated Press · 16d ago
International Consolidated Airlines Group SA (BABWF) (H1 2026) Earnings Call Highlights: ...
GuruFocus.com · 22d ago
International Consolidated Airlines Group Q2 Earnings Call Highlights
MarketBeat · 23d ago
British Airways Gains From Rerouted Middle East Travelers, But Owner IAG Trims Capacity Outlook
The Wall Street Journal · 23d ago
Earnings To Watch: International Consolidated Airlines Group SA (LSE:IAG) Reports Q2 2026 Result
GuruFocus.com · 23d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.