Atlas Air Worldwide Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Atlas Air Worldwide Holdings Inc (AAWW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Atlas Air Worldwide Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 4,494M vs 2,860M combined for tracked competitors (61.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+7.5% annualized vs trailing 12 months), vs decelerating (-15.9%) for its tracked peer group.
- Growth: Atlas Air Worldwide Holdings Inc generated 3.8% revenue growth year over year in Q4 2022, vs 0.7% for its tracked competitors combined.
- Profitability: Its 10.4% net margin compares with 24.2% for the peer group.
- Peer revenue share: Atlas Air Worldwide Holdings Inc accounted for 66.7% of combined revenue among its tracked peer group, up from 66.1% a year earlier.
- Peer differentiation: Revenue per employee of $2.61M compares with $17.88M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AAWW Sales vs. its Competitors, Q4 2022
Atlas Air Worldwide Holdings Inc reported revenue growth of 3.82 % year on year in Q4 2022, above its competitors' combined revenue growth of 0.74 %.
With a net margin of 10.44 %, Atlas Air Worldwide Holdings Inc reported lower profitability than its competitors (24.15 %).
Atlas Air Worldwide Holdings Inc generated 66.74 % of the combined sales of its peer group, up from 66.07 % a year earlier.
Atlas Air Worldwide Holdings Inc vs. its Competitors, Q4 2022
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Atlas Air Worldwide Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Atlas Air Worldwide Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Atlas Air Worldwide Holdings Inc's competitor groups requires a Commercial License.
For context: the Special Transportation Services industry grew revenue 8.7% year over year, combined, vs 3.8% for Atlas Air Worldwide Holdings Inc. Atlas Air Worldwide Holdings Inc's share of combined industry revenue moved from 6.86% to 6.55%, a loss of 0.31 percentage points.
Atlas Air Worldwide Holdings Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | Yes | Yes | Yes | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 75.00 % (6 of 8) | 50.00 % (4 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AAWW Stock Performance relative to its Competitors
AAWW Stock Performance relative to High-Confidence Competitors
AAWW Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Sumisho Air Lease Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Atlas Air Worldwide Holdings Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Atlas Air Worldwide Holdings Inc's Comment on Competition and Industry Peers
The market for ACMI services is competitive. We believe that the most important basis for competition in the ACMI market is the efficiency and cost effectiveness of the aircraft assets and the scale, scope and quality of the outsourced operating services provided. Atlas is currently the only provider of ACMI services with the modern 747-8F aircraft. The primary providers presently in the 747-400F and 747-400 BCF/SF ACMI markets include the following: Atlas; Air Atlanta Icelandic; Kalitta Air, LLC; and Nippon Cargo Airlines. In addition, Southern Air, Inc. operates 777 aircraft in the CMI market.
The Charter market is also competitive, with a number of cargo operators that
include Cargolux; Kalitta Air, LLC; Nippon Cargo Airline; and passenger airlines
providing similar services utilizing both 747-400s and 747-200s. We believe
that we offer a superior aircraft in the 747-400, and we will continue to develop
new opportunities in the Charter market for 747-400 aircraft not otherwise deployed
in our ACMI business.
The Dry Leasing business is also competitive. We believe that we have an advantage
over other cargo aircraft lessors in this business as a result of our relationships
in the cargo market and our insights and expertise as an operator of aircraft.
Titan also competes in the passenger aircraft leasing market to develop key
customer relationships, enter strategic geographic markets, and/or acquire feedstock
aircraft for future freighter conversion. The primary competitors in the aircraft
leasing market include GE Capital Aviation Services; AWAS; Guggenheim Aviation
Partners, LLC; CIT Aerospace; Aviation Capital Group Corp.; Air Castle Ltd.;
AerCap Holdings N.V.; Fly Leasing; and RBS Aviation Capital, among many others.
Publicly Traded Peers of Atlas Air Worldwide Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Atlas Air Worldwide Holdings Inc | 3,503.79 | 4,493.69 |
| Sumisho Air Lease Corporation | - | 2,860.27 |
| SUBTOTAL | 3,503.79 | 7,353.95 |
Sources: Atlas Air Worldwide Holdings Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Atlas Air Worldwide Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Atlas Air Worldwide Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Air Transport Services Group Inc | Named by the company | 85% |
| Sun Country Airlines Holdings Inc | Named by the company | 85% |
| AerCap Holdings | Named by the company | 85% |
| Aviation Capital Group Corp | Named by the company | 85% |
| Air Castle Ltd | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Atlas Air Worldwide Holdings Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Atlas Air Worldwide Holdings Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | 3,504 | 2,606,547 | 206,427 |
| Sumisho Air Lease Corporation | - | 17,876,669 | 2,784,937 |
| PEERS TOTAL | - | 17,876,669 | 2,784,937 |
Atlas Air Worldwide Holdings Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Special Transportation Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (20 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 89.83 % | 21.21 % (avg) | +68.6 pp |
| Operating Margin | 11.48 % | industry median | +46.9 pp |
| EBITDA Margin | 17.76 % | -5.06 % (avg) | +22.8 pp |
| Capital Intensity (Capex / Revenue) | 2.27 % | 15.33 % (avg) | -13.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Atlas Air Worldwide Holdings Inc's Valuation vs Competitive Position
Valuation multiples vs the Special Transportation Services industry average (20 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 9.6x | 10.7x | -1.1x |
| EV / EBITDA | 6.1x | 9.2x | -3.0x |
| P/B | 1.2x | 3.3x | -2.1x |
| Return on Equity | 12.25 % | industry aggregate | 7.92 % |
| Return on Invested Capital | 6.71 % | 1.67 % (avg) | 5.04 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Atlas Air Worldwide Holdings Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 1.30 % | 0.93 % | 17.22 % | 24.17 % | 2.30 % | 17.23 % | 25.53 % | 12.86 % |
| Operating Margin | 6.78 % | 9.15 % | 11.22 % | 10.59 % | -16.83 % | 15.41 % | 17.65 % | 11.48 % |
| Return on Invested Capital | 2.42 % | 3.29 % | 4.30 % | 4.41 % | -6.73 % | 7.42 % | 9.52 % | 6.71 % |
| P/E | 132.9x | 95.0x | 7.2x | 7.2x | - | 4.0x | 5.3x | 9.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Atlas Air Worldwide Holdings Inc's Strategic Group Map
Every company in Atlas Air Worldwide Holdings Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Atlas Air Worldwide Holdings Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Atlas Air Worldwide Holdings Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.27 % vs industry average 15.33 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Atlas Air Worldwide Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Atlas Air Worldwide Holdings Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Atlas Air Worldwide Holdings Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Atlas Air Worldwide Holdings Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Atlas Air Worldwide Holdings Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 46.9 points above the industry median.
- Return on equity 7.9 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+7.5% annualized vs trailing 12 months).
Weaknesses
No rule matched.
Opportunities
- Trades at a lower P/E than the industry average (9.6x vs 10.7x) despite a higher return on invested capital -- a possible re-rating opportunity.
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-15.9% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Atlas Air Worldwide Holdings Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | 0.53 | 0.84 | 0.74 |
| Sumisho Air Lease Corporation | 0.47 | 1.29 | 2.53 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Atlas Air Worldwide Holdings Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | Q4 2022 | +3.8 % | -28.7 % |
| Sumisho Air Lease Corporation | Q2 2026 | -21.4 % | - |
| PEERS TOTAL | -5.9 % | -78.9 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Atlas Air Worldwide Holdings Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | Q4 2022 | -30.4 % | -8.4 % |
| Sumisho Air Lease Corporation | Q2 2026 | - | - |
Atlas Air Worldwide Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Atlas Air Worldwide Holdings Inc | 5.57% | 7.29% | 12.25% |
| Sumisho Air Lease Corporation | 1.37% | 1.35% | 5.66% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Atlas Air Worldwide Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Atlas Air Worldwide Holdings Inc | 9.72 | 0.78 |
| Sumisho Air Lease Corporation | 9.33 | - |
| PEERS AVERAGE | 4.37 | 0.48 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.