Saturday 17 October 2026 Export AFYA’s income statement to Excel — free account

Afya Limited

AFYA Consumer Defensive Education & Training Services

Afya Limited’s revenue for fiscal 2025 (year ended December 2025) was $662.2 million, up 8.09% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 29.4%, free cash flow grew 59.5% and total debt rose 3.71%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

14.53 0.01 +0.07%

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Market cap: $1.3B
P/E: 8.8×
Fwd P/E: 7.7×
Dividend yield: 4.52%
F-score: 7/9
Altman Z: 2.40
Beneish M: −2.70
Dividend safety: 73/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.20

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	3	7	—	2	1	—	—	—

Insider Ownership 90.60%

Capital & Financial Ratios $m

Market Cap 1,330.00

Revenue 724.76

Net Income 170.65

Free Cash Flow 242.31

Net Debt 206.09

Current Ratio 2.20

Debt/Equity 0.42

P/E ratio 8.81

Fwd P/E 7.71

P/S ratio 1.78

P/B ratio 1.32

Past 5Y EPS Growth 19.56%

This Y EPS Growth (5.42%)

Next Y EPS Growth 11.56%

Next Y revenue growth 19.76%

Next 5Y EPS Growth 4.27%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 4.56%

10-year low 10-year high

P/S against its own 10 years 3.95%

10-year low 10-year high

P/B against its own 10 years 6.26%

10-year low 10-year high

EV/Sales against its own 10 years 5.83%

10-year low 10-year high

EV/FCF against its own 10 years 3.77%

10-year low 10-year high

Dividends

Payout Ratio 0.40

Annual Dividend Rate 0.66

Annual Dividend Yield 4.52%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.66	0.66
2025	0.27	0.23
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	111	169	202	199
Receivables	118	115	135	174
Inventory	0	—	—	—
Other	12	11	11	13
	241	295	348	386

	2023	2024	2025	Q'26
Payables	93	58	42	40
ST’ Debt	36	67	11	25
Other	31	32	30	22
	212	211	158	175

Compound Annual Growth %

	10y	5y	3y
Sales	—	23.23%	13.65%
Cash Flow	—	30.65%	18.83%
Earnings	—	18.92%	23.03%
Book Value	—	9.77%	11.64%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	192	192	—	—	—
’25	160	162	170	170	662
’24	162	155	152	143	613
’23	137	144	148	147	576
’22	108	122	111	110	451
’21	72	70	87	89	319
’20	62	51	58	63	233

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	89	69	—	—	—
’25	79	57	98	40	274
’24	84	43	79	59	266
’23	64	45	75	25	209
’22	53	34	50	27	163
’21	33	28	41	16	117
’20	23	12	22	15	72

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	80	54	—	—	—
’25	67	34	85	23	209
’24	61	36	43	38	178
’23	55	33	64	(6)	146
’22	43	21	37	5	106
’21	27	18	29	(9)	66
’20	18	9	17	2	45

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.54	0.44	—	—	—
’25	0.47	0.33	0.31	0.35	1.49
’24	0.45	0.33	0.24	0.28	1.29
’23	0.24	0.19	0.21	0.22	0.86
’22	0.27	0.23	0.16	0.14	0.80
’21	0.21	0.03	0.11	0.09	0.44
’20	0.25	0.12	0.15	0.10	0.61

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	21.30	13.98	12.62	8.73	9.66	14.52	13.47	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	34.87	30.98	28.23	17.02	22.41	22.48	19.90
People
People	Employees	—	—	2,705	3,444	5,260	8,079	8,708	9,680	9,717	9,395
	Revenue/emp, $m	—	0.00	0.03	0.06	0.04	0.04	0.05	0.06	0.06	0.07
Income, $m
Income, $m	Revenue	—	68	91	190	233	319	451	576	613	662
	Gross margin, %	—	42.56	49.68	58.85	63.81	62.06	63.09	61.41	63.21	64.46
	EBT	—	16	27	47	65	51	83	86	125	154
	EBT margin, %	—	23.60	29.56	24.90	27.89	15.90	18.40	14.94	20.47	23.29
	Net income	—	0	0	47	65	51	83	86	125	154
	Depreciation	—	1	2	19	21	29	40	58	62	67
Per share, $
Per share, $	Revenue	—	0.75	1.02	2.50	2.51	3.42	4.99	6.41	6.80	7.32
	Earnings	—	0.16	0.26	0.49	0.61	0.44	0.80	0.86	1.30	1.49
	Cash flow	—	0.14	0.24	1.00	0.78	1.25	1.81	2.33	2.95	3.03
	Capex	—	0.00	0.00	(0.41)	(0.29)	(0.55)	(0.64)	(0.71)	(0.97)	(0.72)
	Free cash flow	—	0.14	0.24	0.59	0.49	0.70	1.17	1.62	1.98	2.31
	Book value	—	0.16	1.45	7.05	5.93	5.96	6.97	8.12	8.87	9.68
	Shares, m	—	90	90	76	93	93	90	90	90	90
Valuation, ×
Valuation, ×	P/E	—	14.54	14.54	14.20	40.71	35.70	20.24	24.76	12.03	10.41
	P/S	—	0.00	0.00	0.00	10.06	4.60	3.24	3.32	2.34	2.11
	P/B	—	0.22	0.22	4.56	4.27	2.64	2.32	2.62	1.79	1.59
	EV/Sales	—	0.00	0.00	0.00	9.71	4.96	3.58	3.75	2.72	2.36
	EV/FCF	—	0.00	0.00	0.00	49.84	24.11	15.25	14.86	9.37	7.46
Cash, $m
Cash, $m	Operating cash flow	—	13	22	76	72	117	163	209	266	274
	Capex	—	(7)	(6)	(31)	(27)	(51)	(58)	(63)	(87)	(65)
	Free cash flow	—	13	22	45	45	66	106	146	178	209
Balance, $m
Balance, $m	Working capital	—	2	(13)	197	158	82	142	29	83	190
	Total debt	—	1	20	15	120	255	365	361	407	368
	Net debt	—	(7)	4	(227)	(83)	116	153	250	238	166
	Shareholders’ equity	—	14	130	536	550	556	630	730	799	876
Returns, %
Returns, %	ROA	—	10.61	0.00	10.57	6.79	3.90	5.59	5.31	7.42	8.14
	ROIC	—	0.00	0.00	10.55	9.44	7.60	10.27	9.80	11.31	13.03
	ROE	—	19.75	32.80	11.72	10.44	7.49	12.21	11.39	15.32	16.09

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MH McGraw Hill, Inc.	$2.7B	27.7×	15.6×	+2.65% (above 0%: growing)	+9,900.00% (above 0%: growing)	+57.50% (above 0%: growing)	79.87%	20.78%	Compare
PRDO Perdoceo Education Corporation	$2.1B	12.0×	11.7×	+1.80% (above 0%: growing)	+22.22% (above 0%: growing)	−3.87% (below 0%: shrinking)	76.15%	25.72%	Compare
STRA Strategic Education Inc.	$1.8B	13.2×	10.2×	+4.91% (above 0%: growing)	+23.40% (above 0%: growing)	−26.16% (below 0%: shrinking)	47.26%	14.97%	Compare
COUR Coursera, Inc.	$1.4B	— (loss-making)	— (loss-making)	+59.59% (above 0%: growing)	n/m	−190.46% (below 0%: shrinking)	58.07%	(28.37%)	Compare
AFYA Afya Limited	$1.3B	8.8×	7.7×	+18.55% (above 0%: growing)	+29.41% (above 0%: growing)	+59.54% (above 0%: growing)	61.59%	30.64%
UTI Universal Technical Institute Inc	$1.1B	32.8×	56.3×	+7.15% (above 0%: growing)	−80.00% (below 0%: shrinking)	−408.92% (below 0%: shrinking)	45.94%	1.48%	Compare
APEI American Public Education, Inc.	$899.2M	19.6×	20.9×	+5.51% (above 0%: growing)	n/m	−77.96% (below 0%: shrinking)	55.37%	7.88%	Compare
PXED Phoenix Education Partners, Inc.	$864.4M	10.2×	10.5×	+0.04% (above 0%: growing)	−29.07% (below 0%: shrinking)	+31.81% (above 0%: growing)	100.00%	19.07%	Compare
LINC Lincoln Educational Services Corporation	$715.6M	30.4×	61.4×	+22.40% (above 0%: growing)	+20.00% (above 0%: growing)	+129.40% (above 0%: growing)	58.17%	2.32%	Compare
Median of peers	$1.2B	19.6×	15.6×	+5.21%	+21.11%	−15.01%	58.12%	11.42%

All 46 Education & Training Services stocks →

Afya Limited (AFYA) key facts

Strength: Afya Limited’s revenue for fiscal 2025 (year ended December 2025) was $662.2 million, up 8.09% from fiscal 2024.
Afya Limited (AFYA) is an Education & Training Services company in the Consumer Defensive sector, listed on Nasdaq.
As of October 16, 2026, AFYA traded at $14.53, a market capitalization of $1.3 billion.
Afya Limited pays an annual dividend of $0.66 per share, a yield of 4.52%, with a payout ratio of 40.0%.
Return on equity was 16.1% and debt-to-equity 0.42.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.40 (grey zone) for fiscal 2025.