Sunday 18 October 2026
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Azul S.A. - Sponsored ADR
AZUL
Azul S.A. - Sponsored ADR’s revenue for fiscal 2024 (year ended December 2024) was $3.6 billion, down 2.59% from fiscal 2023. In the quarter to June 2026, revenue grew 23.2%, EPS grew 148.2% and free cash flow fell 179.0%, each against the same quarter a year earlier.
6.55
0.15
−2.24%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 4 | 4 | 2 | 4 | 5 | 6 | 3 | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
P/S ratio |
0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | — |
P/FCF ratio |
4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | 4.83 | — |
Altman Z″-Score (non-manufacturers) |
(1.59) | 0.56 | 0.16 | (2.79) | (6.87) | (6.55) | (7.64) | (7.17) | (7.93) | — |
Beneish M-Score |
— | (1.57) | (2.36) | (3.54) | (6.24) | (2.69) | (2.74) | (4.10) | (4.45) | — |
P/Operating CF |
(24.02) | (24.02) | (24.02) | (24.02) | (24.02) | (24.02) | (24.02) | (24.02) | (24.02) | — |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Sales |
1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 | — |
EV/EBITDA |
5.95 | 5.95 | 5.95 | 5.95 | 5.95 | 5.95 | 5.95 | 5.95 | 5.95 | — |
EV/Operating CF |
13.52 | 13.52 | 13.52 | 13.52 | 13.52 | 13.52 | 13.52 | 13.52 | 13.52 | — |
EV/FCF |
24.22 | 24.22 | 24.22 | 24.22 | 24.22 | 24.22 | 24.22 | 24.22 | 24.22 | — |
Quick Ratio |
0.46 | 0.88 | 0.75 | 0.47 | 0.43 | 0.39 | 0.18 | 0.22 | 0.15 | — |
Current Ratio |
0.53 | 0.99 | 0.87 | 0.60 | 0.53 | 0.50 | 0.32 | 0.34 | 0.27 | — |
Net Debt/EBITDA |
1.91 | 1.39 | 2.11 | 0.66 | 10.15 | 4.29 | 2.25 | 2.07 | 4.91 | — |
Debt/Assets |
48.03% | 33.83% | 31.43% | 18.33% | 46.60% | 54.06% | 46.13% | 53.09% | 118.85% | 0.00% |
Debt/Equity |
4.03 | 1.23 | 1.17 | (1.00) | (0.52) | (0.55) | (0.45) | (0.51) | (1.03) | — |
Asset Turnover |
0.00 | 0.87 | 0.78 | 0.72 | 0.28 | 0.57 | 0.88 | 0.96 | 0.81 | 0.00 |
Operating CF/Net income |
(0.84) | 0.56 | 1.05 | (1.08) | (0.09) | 0.07 | (3.37) | (1.44) | (0.30) | — |
Capex/Depreciation |
0.25 | (1.37) | (1.15) | (0.41) | (0.23) | (0.50) | (0.45) | (0.33) | (0.55) | — |
Interest Coverage |
0.47 | 1.65 | 1.28 | (0.90) | (0.43) | 0.01 | 0.30 | 0.30 | 0.65 | — |
| 0.00% | 28.21% | 13.12% | 4,653.67% | 115.60% | 25.42% | 3.95% | 11.99% | 34.23% | — | |
| 0.00% | 5.88% | 3.56% | (15.05%) | (53.02%) | (24.03%) | (3.96%) | (12.32%) | (37.77%) | 0.00% | |
ROIC |
5.27% | 12.00% | 6.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Return on Tangible Assets |
(7.29%) | 16.05% | 15.26% | 318.52% | (670.78%) | 107.96% | 8.78% | 32.13% | 72.34% | — |
Average Days of Receivables |
39.28 | 51.57 | 53.95 | 44.04 | 71.97 | 50.75 | 46.66 | 26.14 | 37.00 | — |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Selling, General and Administrative Expense of Revenue |
4.14% | 3.97% | 4.03% | 3.88% | 5.74% | 4.05% | 4.38% | 4.20% | 4.55% | — |
Intangible Assets out of Total Assets |
0.11 | 0.09 | 0.09 | 0.06 | 0.07 | 0.07 | 0.08 | 0.07 | 0.06 | 0.00 |
Share Based Compensation of Revenue |
0.52% | 0.36% | 0.24% | 0.15% | 0.40% | 0.17% | (0.11%) | 0.39% | 0.22% | — |
Graham Net Nets |
(6.39) | (6.39) | (6.39) | (6.39) | (6.39) | (6.39) | (6.39) | (6.39) | (6.39) | — |
Graham Number |
0.00 | 18.00 | 13.29 | 30.76 | 99.90 | 67.04 | 29.38 | 60.60 | 43.78 | — |
Earnings Yield |
(24.04%) | (24.04%) | (24.04%) | (24.04%) | (24.04%) | (24.04%) | (24.04%) | (24.04%) | (24.04%) | — |
Free Cash Flow Yield |
20.70% | 20.70% | 20.70% | 20.70% | 20.70% | 20.70% | 20.70% | 20.70% | 20.70% | — |
Revenue per Share |
26.48 | 24.14 | 22.25 | 25.51 | 9.77 | 16.04 | 26.66 | 33.27 | 10.80 | — |
Operating CF per Share |
0.42 | 0.92 | 1.08 | 5.79 | 1.66 | (0.50) | 4.07 | 6.17 | 1.54 | — |
Capex per Share |
1.24 | (1.45) | (1.20) | (3.35) | (0.69) | (1.25) | (1.56) | (1.58) | (0.83) | — |
Free Cash Flow per Share |
1.66 | (0.54) | (0.12) | 2.44 | 0.97 | (1.75) | 2.52 | 4.59 | 0.72 | — |
Cash per Share |
3.78 | 5.63 | 4.12 | 4.19 | 5.50 | 5.08 | 1.18 | 3.44 | 0.71 | — |
Shareholders Equity per Share |
3.98 | 8.78 | 7.69 | (7.85) | (24.07) | (29.48) | (31.77) | (38.24) | (16.83) | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
3.98 | 8.78 | 7.69 | (7.85) | (24.07) | (29.48) | (31.77) | (38.24) | (16.83) | — |
Free Cash Flow |
120.21 | (54.18) | (13.30) | 277.12 | 110.43 | (201.50) | 291.52 | 512.58 | 239.77 | — |
Working Capital |
(489.49) | (9.43) | (146.38) | (690.08) | (930.27) | (1,086.58) | (1,972.67) | (1,943.86) | (2,907.86) | — |
Capital Expenditures |
89.85 | (146.67) | (134.52) | (380.36) | (78.96) | (143.95) | (180.59) | (176.39) | (276.95) | — |
Net Current Asset Value |
(1,573.44) | (1,308.77) | (1,397.47) | (4,707.65) | (4,758.00) | (5,748.03) | (6,364.37) | (7,374.37) | (9,465.07) | — |
EV/EBIT |
11.40 | 11.40 | 11.40 | 11.40 | 11.40 | 11.40 | 11.40 | 11.40 | 11.40 | — |
Capex to Sales |
(0.05) | 0.06 | 0.05 | 0.13 | 0.07 | 0.08 | 0.06 | 0.05 | 0.08 | — |
Price to Operating Income |
2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | 2.28 | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.37 | 0.10 | 0.13 | 1.86 | 0.28 | 0.79 | 1.07 | 1.16 | 0.89 | — |
Cash ROIC |
7.00% | (2.13%) | (0.57%) | 58.26% | (16.02%) | 21.09% | (15.57%) | (30.08%) | 62.32% | — |
Accounts Receivable Turnover |
0.00 | 8.86 | 7.01 | 8.05 | 3.91 | 7.75 | 9.48 | 11.24 | 11.44 | — |
Accounts Payable Turnover |
0.00 | 3.91 | 3.77 | 3.47 | 1.50 | 2.59 | 4.42 | 3.97 | 2.75 | — |
Inventory Turnover |
0.00 | 29.89 | 24.50 | 22.26 | 9.15 | 11.18 | 14.39 | 12.29 | 10.07 | — |
Average Days of Payables |
112.33 | 93.74 | 106.34 | 111.85 | 257.27 | 116.71 | 97.24 | 90.40 | 166.43 | — |
Days of Inventory on Hand |
11.63 | 14.79 | 16.01 | 17.94 | 43.22 | 37.60 | 28.85 | 31.72 | 37.87 | — |
Average Receivables |
— | 275.23 | 357.41 | 360.00 | 284.78 | 238.38 | 325.99 | 330.55 | 316.57 | — |
Average Payables |
— | 297.59 | 331.13 | 387.90 | 438.54 | 396.94 | 400.11 | 463.75 | 612.57 | — |
Average Inventory |
— | 38.91 | 50.93 | 60.43 | 72.10 | 92.04 | 122.89 | 149.94 | 167.51 | — |
Average Assets |
— | 2,819.75 | 3,228.86 | 4,045.63 | 3,964.38 | 3,249.19 | 3,530.28 | 3,869.53 | 4,492.06 | 2,435.69 |
Average Common Equity |
— | 587.38 | 876.54 | (13.09) | (1,818.31) | (3,070.98) | (3,539.43) | (3,976.86) | (4,957.33) | — |
Columns are period end dates