Azul S.A. - Sponsored ADR AZUL

 — 
6.49 0.32 5.19% as of 25 Sep
Market cap
$1.1B
P/E
0.0×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios

Market Cap 1,140.00
Revenue 3,782.21
Net Income 431.00
Free Cash Flow (42.91)
Net Debt 3,473.30
Current Ratio 0.42
Debt/Equity (3.65)
P/E ratio 0.00
P/S ratio 0.24
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 445.09%
Next Y EPS Growth 92.30%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2022 2023 2024 Q'26
Cash 136 384 238 252
Receivables 395 266 367 514
Inventory 140 160 175 217
Other 237 200 269 164
944 1,010 1,049 1,245
2022 2023 2024 Q'26
Payables 471 456 769 522
ST’ Debt 218 226 432 267
Other 1,300 1,410 1,468 1,496
2,916 2,954 3,957 2,947
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 4.54% 25.11%
Cash Flow — (4.70%) 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue

Mar Jun Sep Dec Year
’26 921 985 — — —
’24 945 799 925 951 3,620
’23 862 862 1,007 985 3,716
’22 611 798 835 845 3,089
’21 334 321 520 673 1,849
’20 633 75 150 256 1,114
’19 675 668 765 792 2,899
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (53) (67) — — —
’24 (13) 226 112 191 517
’23 201 130 (15) 373 689
’22 (46) 221 1 296 472
’21 (66) — — (58) (58)
’20 10 93 39 48 189
’19 57 189 183 228 657
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (77) (136) — — —
’24 (103) 172 76 94 240
’23 185 106 (72) 294 513
’22 (89) 157 (26) 250 292
’21 (105) — — (202) (202)
’20 (47) 92 34 31 110
’19 (56) 128 109 96 277
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.94 — — — —
’24 (1.95) (6.40) 0.19 3.10 (5.06)
’23 (0.44) 0.71 (1.90) (2.64) (4.27)
’22 3.75 (3.44) (2.24) 0.72 (1.21)
’21 (1.41) 1.50 (3.17) (3.69) (6.78)
’20 (4.02) (4.73) (2.00) (7.68) (18.43)
’19 0.31 0.78 (0.32) (6.13) (5.36)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — — —

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — — —
High Price
10,311 10,878 11,807 13,189 12,435 12,485 14,247 16,017 16,173 15,547
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
1,912 2,440 2,504 2,899 1,114 1,849 3,089 3,716 3,620 —
Revenue
49.61% 52.34% 50.16% 53.61% 40.81% 44.34% 42.74% 50.43% 53.42% —
Gross Margin
5 187 165 (643) (2,149) (781) (140) (469) (1,704) —
EBT
0.26% 7.67% 6.58% (22.17%) (192.84%) (42.23%) (4.53%) (12.62%) (47.07%) —
EBT Margin
(126) 166 115 (609) (2,102) (781) (140) (477) (1,697) 0
Net Income
365 107 117 930 350 286 406 536 502 —
Depreciation
26.48 24.14 22.25 25.51 9.77 16.04 26.66 33.27 10.80 —
Revenue/Sh
(0.50) 1.64 1.02 (5.36) (18.43) (6.78) (1.21) (4.27) (5.06) —
Earnings/Sh
0.42 0.92 1.08 5.79 1.66 (0.50) 4.07 6.17 1.54 —
Cash Flow/Sh
1.24 (1.45) (1.20) (3.35) (0.69) (1.25) (1.56) (1.58) (0.83) —
Capex/Sh
1.66 (0.54) (0.12) 2.44 0.97 (1.75) 2.52 4.59 0.72 —
Free CF/Sh
3.98 8.78 7.69 (7.85) (24.07) (29.48) (31.77) (38.24) (16.83) —
Book Value/Sh
72 101 113 114 114 115 116 112 335 —
Shares
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
PE Ratio
0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.36 0.36 —
PS Ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 —
PB Ratio
1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 1.79 —
EV/Sales
24.22 24.22 24.22 24.22 24.22 24.22 24.22 24.22 24.22 —
EV/FCF
30 92 121 657 189 (58) 472 689 517 —
Op' Cash Flow
90 (147) (135) (380) (79) (144) (181) (176) (277) —
Capex
120 (54) (13) 277 110 (202) 292 513 240 —
FCF
(489) (9) (146) (690) (930) (1,087) (1,973) (1,944) (2,908) —
Working Cap'
1,157 1,093 1,014 892 1,428 1,856 1,673 2,183 5,790 —
Total Debt
884 524 551 416 800 1,271 1,536 1,799 5,552 —
Net Debt
287 887 866 (892) (2,745) (3,397) (3,682) (4,272) (5,643) —
Sh' Equity
0.00% 5.88% 3.56% (15.05%) (53.02%) (24.03%) (3.96%) (12.32%) (37.77%) 0.00%
ROA
5.27% 12.00% 6.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% —
ROIC
0.00% 28.21% 13.12% 4,653.67% 115.60% 25.42% 3.95% 11.99% 34.23% —
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2024 · latest quarter Jun 2026

Azul S.A. - Sponsored ADR (AZUL) key facts

  • Azul S.A. - Sponsored ADR’s revenue for fiscal 2024 (year ended December 2024) was $3.6 billion, down 2.59% from fiscal 2023.
  • As of September 25, 2026, AZUL traded at $6.49, a market capitalization of $1.1 billion.
  • Return on equity was 34.2% and debt-to-equity -3.65.

Source: company filings (standardised) and stockrow calculations.

Azul S.A. - Sponsored ADR (AZUL) Latest News

News by impact score

Fine-tune

9 Jul

4

Azul S.A. starts trading on the NYSE Big Board as a Brazilian airline. NYSE Big Board listing expands Azul's US investor access and market visibility.

3

Azul S.A. lists and begins trading its sponsored ADR (AZUL) on the NYSE Big Board. NYSE listing improves US investor access and visibility for the Brazilian carrier without altering core operations.

6 Jul

3

Azul S.A. will list on the NYSE and voluntarily delist from NYSE American. The move to NYSE may improve visibility and liquidity for AZUL shares.

25 Feb

4

Azul S.A. successfully emerges from Chapter 11 bankruptcy protection after completing its restructuring process. Emergence from Chapter 11 removes bankruptcy overhang and supports improved financial position plus operational continuity for Azul.

28 Jan

3

Azul S.A. announces an offering of debt securities and provides an update to its credit rating report. Debt securities offering combined with credit rating update will affect Azul's capital structure and financing costs.

stockrow.com/AZUL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com