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