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Credit Comps

One-pagers and comparison tools for high yield and loan market issuers.
November 30, 2025

Create a Comp Table

Click each of the companies you want to compare, then press Compare Selected Companies below to generate a side-by-side comparison of revenue, margins, FCF, etc.

Click company names below to see a one-pager with financials for each company. All metrics are LTM unless otherwise noted.

Market Presence
Profitability
LTV
Leverage
Cash Flow
Company Ticker Industry SyndBond SyndLoan SyndDebt Revenue Adj. EBITDA Adj EBITDA % TEV Total Debt LTV Total Lev. LTM Tot. Lev. Change Net Lev. FCF/Debt Capex/Sales
American Airlines AAL Airlines $12,465 $6,485 $18,950 $54,294 $4,071 7.5% $37,773 $28,717 76% 7.1x (1.4x) 6.8x 3.1% 5.3%
Carnival CCL Cruise Lines $15,882 - $15,882 $26,229 $6,926 26.4% $64,704 $26,481 41% 3.8x (1.2x) 3.6x 11.0% 10.3%
Delta Air Lines DAL Airlines $8,069 $588 $8,657 $62,920 $7,799 12.4% $57,821 $14,879 26% 1.9x (0.3x) 1.4x 20.6% 7.8%
JetBlue Airways JBLU Airlines $4,797 $747 $5,544 $9,138 $483 5.3% $8,013 $8,451 105% 17.5x 39.2x 13.1x (14.8%) 13.2%
Transdigm TDG Aerospace & Defense $15,600 $8,659 $24,259 $8,579 $4,589 53.5% $98,869 $24,362 25% 5.3x (0.1x) 4.7x 7.8% 2.3%
United Airlines UAL Airlines $17,298 $2,082 $19,380 $58,369 $8,226 14.1% $50,143 $32,786 65% 3.9x 0.4x 2.3x 12.3% 9.7%
United Rentals URI Rentals $8,826 $979 $9,805 $15,749 $7,285 46.3% $72,815 $14,455 20% 2.0x 0.0x 1.9x 4.2% 27.9%

Average

$11,848 $2,791 $14,640 $33,611 $5,626 23.6% $55,734 $21,447 51% 5.9x 5.2x 4.8x 6.3% 10.9%