JetBlue Airways Corporation (JBLU) vs Republic Airways Holdings Inc. (RJET)

JetBlue Airways Corporation and Republic Airways Holdings Inc. are both Airlines companies. JetBlue Airways Corporation is the larger, with a market value of $1.7B against $876.5M — 1.9× the size. JetBlue Airways Corporation has negative trailing earnings, so its P/E is not meaningful; Republic Airways Holdings Inc. trades at 12.3×. Republic Airways Holdings Inc. grew revenue faster over the last twelve months: 93.8% against 3.99%. Republic Airways Holdings Inc. has the higher net margin (3.53% vs −9.32%) and the higher return on invested capital (5.06% vs −4.40%). Across the 19 metrics below, Republic Airways Holdings Inc. leads on 17 and JetBlue Airways Corporation on 2.

Valuation

Metric JBLU RJET Airlines median
P/E n/m 12.30 10.32
P/S 0.17 0.43 0.57
P/B 1.04 0.62 2.06
Price to free cash flow n/m n/m 13.20
EV/EBITDA 55.48 5.61 9.68
EV/Sales 0.85 0.82 0.89
Earnings yield (54.32%) 8.13% 2.85%
Free cash flow yield (71.28%) (1.60%) 3.17%

Profitability

Metric JBLU RJET Airlines median
Gross margin 57.16% 78.58% 42.57%
Operating margin (5.95%) 8.81% 4.18%
Net margin (9.32%) 3.53% 1.85%
Free cash flow margin (12.41%) (0.69%) 4.31%
Return on equity (44.36%) 10.38% 10.75%
Return on assets (5.33%) 4.06% 1.67%
Return on invested capital (4.40%) 5.06% 3.19%

Growth

Metric JBLU RJET Airlines median
Revenue growth (TTM) 3.99% 93.80% 9.79%
EPS growth (last fiscal year) 27.83% 15.21% —
Revenue growth, 5-year CAGR 25.10% 25.85% 25.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric JBLU RJET Airlines median
Debt to equity 5.34 0.77 0.81
Current ratio 0.70 1.03 0.60
Net debt to EBITDA 19.50 2.60 1.42

Dividend

Metric JBLU RJET Airlines median
Dividend yield — — 0.82%
Payout ratio 0.00 0.00 0.00

Size

Metric JBLU RJET Airlines median
Market cap 1.66b 876.46m 3.91b

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