Sun Country Airlines (SNCY) Financials

$11.61 -0.05 (-0.43%)

Closing price 05/29/2025 04:00 PM Eastern

Extended Trading

$12.10 +0.49 (+4.22%)

As of 05/29/2025 07:00 PM Eastern

Annual Income Statements for Sun Country Airlines

This table shows Sun Country Airlines' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	53	72	18
Consolidated Net Income / (Loss)	53	72	18
Net Income / (Loss) Continuing Operations	53	72	18
Total Pre-Tax Income	70	94	24
Total Operating Income	106	128	56
Total Gross Profit	512	455	326
Total Revenue	1,076	1,050	894
Operating Revenue	1,076	1,050	894
Total Cost of Revenue	564	594	569
Operating Cost of Revenue	564	594	569
Total Operating Expenses	406	328	270
Marketing Expense	35	34	31
Depreciation Expense	95	88	68
Other Operating Expenses / (Income)	276	206	171
Total Other Income / (Expense), net	-36	-33	-32
Interest Expense	44	43	31
Interest & Investment Income	7.83	10	4.53
Other Income / (Expense), net	0.06	-0.89	-5.24
Income Tax Expense	17	22	6.31
Basic Earnings per Share	$1.00	$1.30	$0.31
Weighted Average Basic Shares Outstanding	52.91M	55.51M	57.95M
Diluted Earnings per Share	$0.96	$1.23	$0.29
Weighted Average Diluted Shares Outstanding	55.06M	58.52M	61.05M
Weighted Average Basic & Diluted Shares Outstanding	53.16M	53.29M	57.33M

This table shows Sun Country Airlines' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	13	2.34	1.81	35	5.64	7.59	21	38	7.28	11
Consolidated Net Income / (Loss)	13	2.34	1.81	35	5.64	7.59	21	38	7.28	11
Net Income / (Loss) Continuing Operations	13	2.34	1.81	35	5.64	7.59	21	38	7.28	11
Total Pre-Tax Income	17	3.00	3.08	47	7.66	10	27	50	9.48	13
Total Operating Income	26	12	12	55	17	19	36	56	15	15
Total Gross Profit	171	98	99	144	100	101	120	134	43	98
Total Revenue	260	249	254	311	246	249	261	294	227	222
Operating Revenue	260	249	254	311	246	249	261	294	227	222
Total Cost of Revenue	90	152	155	167	145	148	141	160	184	124
Operating Cost of Revenue	90	152	155	167	145	148	141	160	184	124
Total Operating Expenses	145	85	87	89	83	82	84	78	28	83
Marketing Expense	8.12	7.75	8.39	11	8.10	7.57	8.51	9.93	7.72	6.83
Depreciation Expense	24	24	24	24	24	23	22	19	18	17
Other Operating Expenses / (Income)	113	54	55	55	51	52	54	49	2.31	59
Total Other Income / (Expense), net	-9.14	-9.38	-9.28	-8.62	-9.47	-8.94	-8.84	-6.10	-5.64	-2.46
Interest Expense	11	11	11	11	11	11	11	8.63	7.92	7.49
Interest & Investment Income	1.93	1.66	1.80	2.45	2.41	2.48	2.55	2.74	2.36	1.61
Other Income / (Expense), net	0.00	0.01	-0.00	0.05	-0.52	-0.02	-0.14	-0.21	-0.08	3.42
Income Tax Expense	3.49	0.66	1.27	11	2.02	2.48	6.13	11	2.19	2.25
Basic Earnings per Share	$0.26	$0.04	$0.03	$0.67	$0.11	$0.14	$0.37	$0.68	$0.14	$0.18
Weighted Average Basic Shares Outstanding	52.91M	52.88M	52.69M	53.03M	55.51M	55.44M	56.08M	56.63M	57.95M	58.15M
Diluted Earnings per Share	$0.25	$0.04	$0.03	$0.64	$0.11	$0.13	$0.35	$0.64	$0.12	$0.18
Weighted Average Diluted Shares Outstanding	55.06M	54.78M	54.79M	55.40M	58.52M	58.60M	59.71M	59.54M	61.05M	60.79M
Weighted Average Basic & Diluted Shares Outstanding	53.16M	52.94M	52.81M	52.61M	53.29M	54.13M	56.01M	56.24M	57.33M	58.17M

This table details how cash moves in and out of Sun Country Airlines' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	37	-39	-215
Net Cash From Operating Activities	165	174	127
Net Cash From Continuing Operating Activities	165	174	127
Net Income / (Loss) Continuing Operations	53	72	18
Consolidated Net Income / (Loss)	53	72	18
Depreciation Expense	95	88	68
Amortization Expense	1.71	1.30	0.00
Non-Cash Adjustments To Reconcile Net Income	-11	-1.16	-4.61
Changes in Operating Assets and Liabilities, net	27	14	47
Net Cash From Investing Activities	8.40	-171	-349
Net Cash From Continuing Investing Activities	8.40	-171	-349
Purchase of Property, Plant & Equipment	-47	-218	-188
Purchase of Investments	-92	-96	-179
Sale of Property, Plant & Equipment	17	4.95	2.45
Sale and/or Maturity of Investments	130	137	5.00
Other Investing Activities, net	0.84	0.29	10
Net Cash From Financing Activities	-136	-42	7.03
Net Cash From Continuing Financing Activities	-136	-42	7.03
Repayment of Debt	-148	-71	-114
Repurchase of Common Equity	-12	-69	-25
Issuance of Debt	70	119	188
Other Financing Activities, net	-46	-22	-42
Cash Interest Paid	43	41	24
Cash Income Taxes Paid	0.39	1.50	1.69

This table details how cash moves in and out of Sun Country Airlines' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	33	33	-5.56	-24	26	-56	-0.15	-8.57	-43	-71
Net Cash From Operating Activities	91	35	8.15	31	71	6.96	48	48	56	35
Net Cash From Continuing Operating Activities	91	35	8.15	31	71	6.96	48	48	56	35
Net Income / (Loss) Continuing Operations	13	2.34	1.81	35	5.65	7.59	21	38	7.28	11
Consolidated Net Income / (Loss)	13	2.34	1.81	35	5.65	7.59	21	38	7.28	11
Depreciation Expense	24	24	24	24	24	23	22	19	18	17
Non-Cash Adjustments To Reconcile Net Income	2.81	-4.88	-4.61	-4.73	12	-3.97	-4.58	-4.48	8.28	1.89
Changes in Operating Assets and Liabilities, net	49	14	-13	-24	29	-19	9.44	-5.45	22	4.86
Net Cash From Investing Activities	-13	17	24	-20	7.05	-10	-73	-95	-52	-99
Net Cash From Continuing Investing Activities	-13	17	24	-20	7.05	-10	-73	-95	-52	-99
Purchase of Property, Plant & Equipment	-4.72	-4.38	-8.53	-30	-7.52	-18	-87	-105	-10	-40
Purchase of Investments	-37	-24	-0.41	-31	-13	-33	-25	-24	-48	-59
Sale and/or Maturity of Investments	22	43	25	40	26	39	39	33	5.00	-
Other Investing Activities, net	-11	2.60	7.77	1.09	-3.80	2.13	0.82	1.13	-0.48	0.26
Net Cash From Financing Activities	-45	-19	-38	-34	-53	-53	25	39	-47	-6.88
Net Cash From Continuing Financing Activities	-45	-19	-38	-34	-53	-53	25	39	-47	-6.88
Repayment of Debt	-85	-14	-33	-17	-34	-12	-11	-13	-18	-9.10
Repurchase of Common Equity	-0.64	-	-	-11	-14	-33	-7.44	-15	-25	-
Issuance of Debt	60	-	10	0.00	-	-	48	71	-	16
Other Financing Activities, net	-20	-5.38	-15	-5.85	-5.49	-7.72	-4.39	-4.28	-4.22	-14

This table presents Sun Country Airlines' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	1,630	1,624	1,524
Total Current Assets	267	271	345
Cash & Equivalents	83	46	92
Restricted Cash	17	17	11
Short-Term Investments	104	141	179
Accounts Receivable	35	38	35
Inventories, net	10	7.79	7.66
Prepaid Expenses	14	16	11
Other Current Assets	2.46	4.76	9.42
Plant, Property, & Equipment, net	970	969	786
Plant, Property & Equipment, gross	1,305	1,222	962
Accumulated Depreciation	335	253	177
Total Noncurrent Assets	379	383	393
Goodwill	222	222	222
Intangible Assets	78	84	85
Other Noncurrent Operating Assets	78	78	73
Total Liabilities & Shareholders' Equity	1,630	1,624	1,524
Total Liabilities	1,060	1,109	1,032
Total Current Liabilities	422	419	377
Short-Term Debt	88	74	58
Accounts Payable	56	59	62
Current Deferred & Payable Income Tax Liabilities	10	3.25	2.26
Current Employee Benefit Liabilities	38	33	27
Other Taxes Payable	21	18	18
Other Current Liabilities	209	231	211
Total Noncurrent Liabilities	638	691	655
Long-Term Debt	240	327	295
Capital Lease Obligations	251	233	233
Noncurrent Deferred & Payable Income Tax Liabilities	111	107	102
Other Noncurrent Operating Liabilities	36	24	25
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	570	514	493
Total Preferred & Common Equity	570	514	493
Preferred Stock	0.00	0.00	0.00
Total Common Equity	570	514	493
Common Stock	529	515	489
Retained Earnings	147	94	22
Treasury Stock	-106	-94	-18
Accumulated Other Comprehensive Income / (Loss)	-0.09	-0.06	-0.81

This table presents Sun Country Airlines' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,610	1,604	1,639	1,601	1,635	1,582	1,521
Total Current Assets	226	214	235	260	302	326	338
Cash & Equivalents	57	27	28	27	87	72	132
Restricted Cash	11	7.17	11	11	7.28	23	14
Short-Term Investments	90	108	133	153	158	172	135
Accounts Receivable	38	45	38	43	27	35	32
Inventories, net	9.73	8.46	8.58	7.68	7.37	6.81	7.28
Prepaid Expenses	13	15	13	13	12	12	12
Other Current Assets	8.12	3.24	3.88	5.18	3.36	6.10	5.90
Plant, Property, & Equipment, net	993	1,002	1,018	957	948	868	789
Plant, Property & Equipment, gross	1,307	1,295	1,291	1,188	1,159	1,059	949
Accumulated Depreciation	314	292	273	232	211	191	160
Total Noncurrent Assets	391	388	386	384	384	387	395
Goodwill	222	222	222	222	222	222	222
Intangible Assets	79	81	82	85	86	86	86
Other Noncurrent Operating Assets	89	85	81	77	76	77	72
Total Liabilities & Shareholders' Equity	1,610	1,604	1,639	1,601	1,635	1,582	1,521
Total Liabilities	1,057	1,057	1,098	1,082	1,094	1,061	1,013
Total Current Liabilities	381	367	384	371	383	366	321
Short-Term Debt	76	76	74	83	83	66	46
Accounts Payable	49	61	60	56	56	58	50
Current Deferred & Payable Income Tax Liabilities	9.54	7.98	11	1.51	8.00	8.17	2.26
Current Employee Benefit Liabilities	33	32	32	30	30	29	26
Other Taxes Payable	15	15	16	13	15	15	11
Other Current Liabilities	199	176	190	187	190	190	186
Total Noncurrent Liabilities	676	690	715	711	711	694	693
Long-Term Debt	276	290	314	352	365	346	325
Capital Lease Obligations	256	263	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	108	108	105	105	96	93	102
Other Noncurrent Operating Liabilities	37	29	296	254	249	255	267
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	553	547	541	519	541	521	508
Total Preferred & Common Equity	553	547	541	519	541	521	508
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	553	547	541	519	541	521	508
Common Stock	525	522	518	512	508	501	494
Retained Earnings	134	131	130	89	81	60	15
Treasury Stock	-106	-106	-106	-81	-48	-40	-0.05
Accumulated Other Comprehensive Income / (Loss)	0.02	-0.22	-0.20	-0.51	-0.66	-0.42	-0.78

This table displays calculated financial ratios and metrics derived from Sun Country Airlines' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	2.49%	17.35%	43.57%
EBITDA Growth	-6.17%	82.93%	-34.25%
EBIT Growth	-16.25%	150.85%	-60.12%
NOPAT Growth	-17.55%	138.04%	-54.71%
Net Income Growth	-26.71%	308.36%	-78.24%
EPS Growth	-21.95%	324.14%	-78.83%
Operating Cash Flow Growth	-5.32%	36.63%	-19.84%
Free Cash Flow Firm Growth	291.95%	62.07%	-179.37%
Invested Capital Growth	-1.56%	18.51%	27.55%
Revenue Q/Q Growth	1.40%	1.78%	6.50%
EBITDA Q/Q Growth	5.95%	3.93%	5.11%
EBIT Q/Q Growth	9.79%	1.26%	6.35%
NOPAT Q/Q Growth	11.01%	1.26%	4.87%
Net Income Q/Q Growth	17.27%	-2.22%	29.32%
EPS Q/Q Growth	17.07%	-0.81%	20.83%
Operating Cash Flow Q/Q Growth	13.10%	9.91%	11.51%
Free Cash Flow Firm Q/Q Growth	156.88%	28.83%	-264.64%
Invested Capital Q/Q Growth	-7.41%	23.65%	33.41%
Profitability Metrics	-	-	-
Gross Margin	47.58%	43.39%	36.42%
EBITDA Margin	18.85%	20.59%	13.21%
Operating Margin	9.85%	12.15%	6.23%
EBIT Margin	9.86%	12.06%	5.64%
Profit (Net Income) Margin	4.92%	6.88%	1.98%
Tax Burden Percent	76.04%	76.66%	73.71%
Interest Burden Percent	65.61%	74.37%	47.51%
Effective Tax Rate	23.96%	23.34%	26.29%
Return on Invested Capital (ROIC)	8.61%	11.23%	5.78%
ROIC Less NNEP Spread (ROIC-NNEP)	1.58%	4.26%	-4.91%
Return on Net Nonoperating Assets (RNNOA)	1.15%	3.10%	-2.18%
Return on Equity (ROE)	9.75%	14.33%	3.60%
Cash Return on Invested Capital (CROIC)	10.18%	-5.71%	-18.43%
Operating Return on Assets (OROA)	6.52%	8.04%	3.48%
Return on Assets (ROA)	3.25%	4.59%	1.22%
Return on Common Equity (ROCE)	9.75%	14.33%	3.60%
Return on Equity Simple (ROE_SIMPLE)	9.28%	14.03%	3.59%
Net Operating Profit after Tax (NOPAT)	81	98	41
NOPAT Margin	7.49%	9.31%	4.59%
Net Nonoperating Expense Percent (NNEP)	7.03%	6.97%	10.69%
Return On Investment Capital (ROIC_SIMPLE)	7.02%	8.51%	3.81%
Cost of Revenue to Revenue	52.42%	56.61%	63.58%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.72%	31.24%	30.20%
Earnings before Interest and Taxes (EBIT)	106	127	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	203	216	118
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.35	1.66	1.87
Price to Tangible Book Value (P/TBV)	2.86	4.08	4.98
Price to Revenue (P/Rev)	0.72	0.81	1.03
Price to Earnings (P/E)	14.59	11.80	52.19
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	6.85%	8.48%	1.92%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.36	1.54
Enterprise Value to Revenue (EV/Rev)	1.06	1.22	1.37
Enterprise Value to EBITDA (EV/EBITDA)	5.65	5.93	10.38
Enterprise Value to EBIT (EV/EBIT)	10.80	10.12	24.29
Enterprise Value to NOPAT (EV/NOPAT)	14.21	13.11	29.86
Enterprise Value to Operating Cash Flow (EV/OCF)	6.95	7.36	9.62
Enterprise Value to Free Cash Flow (EV/FCFF)	12.02	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.01	1.23	1.19
Long-Term Debt to Equity	0.86	1.09	1.07
Financial Leverage	0.73	0.73	0.44
Leverage Ratio	3.00	3.13	2.95
Compound Leverage Factor	1.97	2.32	1.40
Debt to Total Capital	50.34%	55.21%	54.30%
Short-Term Debt to Total Capital	7.63%	6.46%	5.34%
Long-Term Debt to Total Capital	42.72%	48.76%	48.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.66%	44.79%	45.70%
Debt to EBITDA	2.85	2.94	4.96
Net Debt to EBITDA	1.84	1.99	2.57
Long-Term Debt to EBITDA	2.42	2.59	4.47
Debt to NOPAT	7.17	6.49	14.26
Net Debt to NOPAT	4.64	4.39	7.40
Long-Term Debt to NOPAT	6.09	5.73	12.86
Altman Z-Score	1.32	1.34	1.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.63	0.65	0.92
Quick Ratio	0.53	0.54	0.81
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	95	-50	-131
Operating Cash Flow to CapEx	546.52%	81.67%	68.71%
Free Cash Flow to Firm to Interest Expense	2.15	-1.16	-4.22
Operating Cash Flow to Interest Expense	3.72	4.08	4.11
Operating Cash Flow Less CapEx to Interest Expense	3.04	-0.92	-1.87
Efficiency Ratios	-	-	-
Asset Turnover	0.66	0.67	0.62
Accounts Receivable Turnover	29.29	28.64	27.40
Inventory Turnover	61.77	76.91	87.06
Fixed Asset Turnover	1.11	1.20	1.31
Accounts Payable Turnover	9.80	9.79	11.13
Days Sales Outstanding (DSO)	12.46	12.74	13.32
Days Inventory Outstanding (DIO)	5.91	4.75	4.19
Days Payable Outstanding (DPO)	37.23	37.28	32.79
Cash Conversion Cycle (CCC)	-18.86	-19.79	-15.28
Capital & Investment Metrics	-	-	-
Invested Capital	929	944	796
Invested Capital Turnover	1.15	1.21	1.26
Increase / (Decrease) in Invested Capital	-15	147	172
Enterprise Value (EV)	1,146	1,281	1,226
Market Capitalization	772	852	923
Book Value per Share	$10.77	$9.50	$8.47
Tangible Book Value per Share	$5.11	$3.85	$3.19
Total Capital	1,149	1,149	1,078
Total Debt	578	634	586
Total Long-Term Debt	491	560	528
Net Debt	374	429	304
Capital Expenditures (CapEx)	30	213	185
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-273	-278	-256
Debt-free Net Working Capital (DFNWC)	-68	-73	26
Net Working Capital (NWC)	-156	-147	-32
Net Nonoperating Expense (NNE)	28	26	23
Net Nonoperating Obligations (NNO)	359	429	304
Total Depreciation and Amortization (D&A)	97	89	68
Debt-free, Cash-free Net Working Capital to Revenue	-25.35%	-26.47%	-28.62%
Debt-free Net Working Capital to Revenue	-6.33%	-6.96%	2.90%
Net Working Capital to Revenue	-14.47%	-14.03%	-3.54%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.00	$1.30	$0.31
Adjusted Weighted Average Basic Shares Outstanding	52.91M	55.51M	57.95M
Adjusted Diluted Earnings per Share	$0.96	$1.23	$0.29
Adjusted Weighted Average Diluted Shares Outstanding	55.06M	58.52M	61.05M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.16M	53.29M	57.33M
Normalized Net Operating Profit after Tax (NOPAT)	81	98	41
Normalized NOPAT Margin	7.49%	9.31%	4.59%
Pre Tax Income Margin	6.47%	8.97%	2.68%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.39	2.97	1.63
NOPAT to Interest Expense	1.82	2.29	1.32
EBIT Less CapEx to Interest Expense	1.71	-2.03	-4.35
NOPAT Less CapEx to Interest Expense	1.14	-2.71	-4.66
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	22.94%	95.02%	141.74%

This table displays calculated financial ratios and metrics derived from Sun Country Airlines' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.05%	0.24%	-2.57%	5.91%	8.10%	12.26%	19.18%	29.84%	31.64%	27.66%
EBITDA Growth	24.09%	-13.42%	-37.73%	5.33%	20.62%	16.00%	212.07%	147.75%	24.46%	0.87%
EBIT Growth	56.95%	-34.74%	-65.13%	-0.63%	10.45%	0.95%	2,026.21%	271.54%	25.06%	-13.61%
NOPAT Growth	63.93%	-32.64%	-73.51%	-2.75%	8.61%	12.75%	1,063.09%	247.88%	16.34%	-30.86%
Net Income Growth	138.06%	-69.15%	-91.21%	-7.87%	-22.52%	-28.90%	625.70%	953.84%	122.34%	-20.20%
EPS Growth	127.27%	-69.23%	-91.43%	0.00%	-8.33%	-27.78%	600.00%	966.67%	71.43%	-18.18%
Operating Cash Flow Growth	26.71%	409.21%	-82.96%	-35.81%	28.15%	-79.90%	153.79%	162.78%	30.86%	77.00%
Free Cash Flow Firm Growth	126.28%	-51.70%	-101.29%	-148.29%	15.96%	-386.28%	-50,449.01%	152.89%	-290.24%	108.58%
Invested Capital Growth	-1.56%	31.47%	40.23%	13.41%	18.51%	27.86%	30.24%	-7.69%	27.55%	-6.34%
Revenue Q/Q Growth	4.38%	-1.93%	-18.33%	26.85%	-1.34%	-4.68%	-11.23%	29.48%	2.46%	1.20%
EBITDA Q/Q Growth	37.93%	0.43%	-54.46%	96.69%	-3.77%	-27.76%	-22.97%	125.23%	-7.45%	94.35%
EBIT Q/Q Growth	110.30%	0.27%	-77.62%	232.52%	-12.55%	-46.42%	-36.22%	269.59%	-20.08%	1,028.55%
NOPAT Q/Q Growth	114.29%	32.87%	-82.64%	231.64%	-11.94%	-47.76%	-36.26%	270.40%	-8.58%	438.91%
Net Income Q/Q Growth	473.70%	29.25%	-94.87%	525.67%	-25.65%	-63.18%	-46.21%	426.19%	-31.78%	372.23%
EPS Q/Q Growth	525.00%	33.33%	-95.31%	481.82%	-15.38%	-62.86%	-45.31%	433.33%	-33.33%	357.14%
Operating Cash Flow Q/Q Growth	155.59%	334.68%	-73.47%	-57.01%	927.15%	-85.45%	-0.06%	-14.18%	61.13%	83.64%
Free Cash Flow Firm Q/Q Growth	115.36%	20.27%	-506.90%	64.65%	11.31%	-5.79%	-245.60%	161.52%	-402.11%	18,506.44%
Invested Capital Q/Q Growth	-7.41%	-2.88%	36.53%	-19.82%	23.65%	3.59%	10.42%	-16.21%	33.41%	5.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.53%	39.22%	38.96%	46.30%	40.80%	40.65%	45.99%	45.55%	19.11%	44.29%
EBITDA Margin	19.15%	14.49%	14.15%	25.37%	16.36%	16.78%	22.14%	25.51%	14.67%	16.24%
Operating Margin	10.01%	4.96%	4.86%	17.71%	6.97%	7.64%	13.63%	18.97%	6.65%	6.94%
EBIT Margin	10.01%	4.97%	4.86%	17.73%	6.76%	7.63%	13.58%	18.89%	6.62%	8.49%
Profit (Net Income) Margin	5.16%	0.94%	0.71%	11.34%	2.30%	3.05%	7.90%	13.03%	3.21%	4.82%
Tax Burden Percent	79.37%	77.96%	58.75%	75.85%	73.69%	75.40%	77.08%	77.15%	76.87%	82.58%
Interest Burden Percent	64.95%	24.24%	24.95%	84.31%	46.12%	53.01%	75.47%	89.40%	63.02%	68.73%
Effective Tax Rate	20.63%	22.04%	41.25%	24.15%	26.31%	24.60%	22.92%	22.85%	23.13%	17.42%
Return on Invested Capital (ROIC)	9.13%	4.65%	3.42%	20.13%	6.20%	8.73%	16.20%	20.25%	6.44%	7.80%
ROIC Less NNEP Spread (ROIC-NNEP)	7.29%	2.54%	1.82%	16.52%	4.30%	4.68%	11.07%	17.75%	4.46%	6.13%
Return on Net Nonoperating Assets (RNNOA)	5.29%	1.65%	1.14%	5.63%	3.13%	1.52%	2.84%	6.58%	1.98%	1.51%
Return on Equity (ROE)	14.42%	6.30%	4.57%	25.77%	9.33%	10.25%	19.04%	26.83%	8.42%	9.31%
Cash Return on Invested Capital (CROIC)	10.18%	-18.97%	-24.74%	0.97%	-5.71%	-10.26%	-11.71%	18.05%	-18.43%	12.89%
Operating Return on Assets (OROA)	6.62%	3.28%	3.18%	11.75%	4.51%	5.04%	8.68%	12.11%	4.08%	4.98%
Return on Assets (ROA)	3.41%	0.62%	0.47%	7.51%	1.53%	2.01%	5.05%	8.35%	1.97%	2.82%
Return on Common Equity (ROCE)	14.42%	6.30%	4.57%	25.77%	9.33%	10.25%	19.04%	26.83%	8.42%	9.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.16%	9.21%	12.78%	0.00%	14.21%	14.22%	10.05%	0.00%	2.69%
Net Operating Profit after Tax (NOPAT)	21	9.65	7.27	42	13	14	27	43	12	13
NOPAT Margin	7.94%	3.87%	2.86%	13.44%	5.14%	5.76%	10.51%	14.63%	5.11%	5.73%
Net Nonoperating Expense Percent (NNEP)	1.84%	2.10%	1.60%	3.61%	1.90%	4.05%	5.12%	2.50%	1.98%	1.67%
Return On Investment Capital (ROIC_SIMPLE)	1.80%	-	-	-	1.10%	-	-	-	1.08%	-
Cost of Revenue to Revenue	34.47%	60.78%	61.04%	53.70%	59.20%	59.35%	54.01%	54.45%	80.89%	55.71%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.52%	34.25%	34.10%	28.58%	33.83%	33.02%	32.36%	26.58%	12.46%	37.35%
Earnings before Interest and Taxes (EBIT)	26	12	12	55	17	19	35	56	15	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	36	36	79	40	42	58	75	33	36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	1.07	1.21	1.51	1.66	1.60	2.34	2.26	1.87	1.56
Price to Tangible Book Value (P/TBV)	2.86	2.36	2.71	3.45	4.08	3.92	5.45	5.53	4.98	3.96
Price to Revenue (P/Rev)	0.72	0.56	0.62	0.77	0.81	0.81	1.26	1.22	1.03	0.94
Price to Earnings (P/E)	14.59	13.12	13.12	11.81	11.80	11.26	16.44	22.44	52.19	57.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.85%	7.62%	7.62%	8.47%	8.48%	8.88%	6.08%	4.46%	1.92%	1.73%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.04	1.11	1.36	1.36	1.41	1.98	1.98	1.54	1.47
Enterprise Value to Revenue (EV/Rev)	1.06	0.98	1.08	0.97	1.22	1.04	1.45	1.37	1.37	1.05
Enterprise Value to EBITDA (EV/EBITDA)	5.65	5.45	5.82	4.72	5.93	5.17	7.22	8.11	10.38	7.83
Enterprise Value to EBIT (EV/EBIT)	10.80	10.80	11.12	8.18	10.12	8.60	11.70	14.51	24.29	18.55
Enterprise Value to NOPAT (EV/NOPAT)	14.21	14.37	14.80	10.71	13.11	11.14	15.40	18.93	29.86	22.48
Enterprise Value to Operating Cash Flow (EV/OCF)	6.95	7.15	9.78	6.58	7.36	6.79	7.85	8.41	9.62	7.70
Enterprise Value to Free Cash Flow (EV/FCFF)	12.02	0.00	0.00	149.29	0.00	0.00	0.00	10.53	0.00	11.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.01	1.10	1.15	0.72	1.23	0.84	0.83	0.79	1.19	0.73
Long-Term Debt to Equity	0.86	0.96	1.01	0.58	1.09	0.68	0.68	0.66	1.07	0.64
Financial Leverage	0.73	0.65	0.63	0.34	0.73	0.32	0.26	0.37	0.44	0.25
Leverage Ratio	3.00	3.00	2.98	3.03	3.13	3.04	3.03	2.96	2.95	2.89
Compound Leverage Factor	1.95	0.73	0.74	2.56	1.44	1.61	2.29	2.65	1.86	1.99
Debt to Total Capital	50.34%	52.39%	53.48%	41.77%	55.21%	45.59%	45.33%	44.17%	54.30%	42.15%
Short-Term Debt to Total Capital	7.63%	6.54%	6.46%	8.01%	6.46%	8.73%	8.41%	7.09%	5.34%	5.19%
Long-Term Debt to Total Capital	42.72%	45.85%	47.02%	33.77%	48.76%	36.85%	36.92%	37.08%	48.97%	36.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.66%	47.61%	46.52%	58.23%	44.79%	54.41%	54.67%	55.83%	45.70%	57.85%
Debt to EBITDA	2.85	3.18	3.19	1.77	2.94	2.09	2.22	2.53	4.96	3.29
Net Debt to EBITDA	1.84	2.36	2.47	0.99	1.99	1.17	0.97	0.90	2.57	0.79
Long-Term Debt to EBITDA	2.42	2.78	2.81	1.43	2.59	1.69	1.81	2.12	4.47	2.89
Debt to NOPAT	7.17	8.38	8.11	4.03	6.49	4.51	4.73	5.90	14.26	9.46
Net Debt to NOPAT	4.64	6.21	6.28	2.24	4.39	2.53	2.07	2.09	7.40	2.27
Long-Term Debt to NOPAT	6.09	7.33	7.13	3.25	5.73	3.64	3.85	4.96	12.86	8.29
Altman Z-Score	1.16	1.02	1.06	1.21	1.11	1.14	1.39	1.41	1.15	1.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.63	0.59	0.58	0.61	0.65	0.70	0.79	0.89	0.92	1.05
Quick Ratio	0.53	0.48	0.49	0.52	0.54	0.60	0.71	0.76	0.81	0.93
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	35	-231	-289	-48	-135	-152	-144	99	-160	53
Operating Cash Flow to CapEx	1,919.84%	808.19%	95.52%	103.44%	950.51%	38.04%	54.74%	45.59%	543.35%	86.50%
Free Cash Flow to Firm to Interest Expense	3.20	-20.86	-26.10	-4.29	-11.86	-13.33	-12.78	11.43	-20.25	7.08
Operating Cash Flow to Interest Expense	8.19	3.21	0.74	2.76	6.29	0.61	4.26	5.55	7.04	4.62
Operating Cash Flow Less CapEx to Interest Expense	7.76	2.81	-0.03	0.09	5.63	-0.99	-3.52	-6.62	5.74	-0.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.66	0.66	0.65	0.66	0.67	0.66	0.64	0.64	0.62	0.59
Accounts Receivable Turnover	29.29	26.30	29.63	29.24	28.64	27.68	30.70	28.63	27.40	26.73
Inventory Turnover	61.77	71.17	77.81	78.16	76.91	84.58	88.91	97.29	87.06	76.27
Fixed Asset Turnover	1.11	1.09	1.09	1.13	1.20	1.18	1.19	1.52	1.31	1.24
Accounts Payable Turnover	9.80	11.81	10.52	10.16	9.79	11.98	10.66	11.16	11.13	11.38
Days Sales Outstanding (DSO)	12.46	13.88	12.32	12.48	12.74	13.19	11.89	12.75	13.32	13.66
Days Inventory Outstanding (DIO)	5.91	5.13	4.69	4.67	4.75	4.32	4.11	3.75	4.19	4.79
Days Payable Outstanding (DPO)	37.23	30.90	34.69	35.93	37.28	30.48	34.26	32.70	32.79	32.08
Cash Conversion Cycle (CCC)	-18.86	-11.89	-17.68	-18.77	-19.79	-12.98	-18.26	-16.20	-15.28	-13.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	929	1,003	1,033	757	944	763	737	667	796	597
Invested Capital Turnover	1.15	1.20	1.20	1.50	1.21	1.52	1.54	1.38	1.26	1.36
Increase / (Decrease) in Invested Capital	-15	240	296	89	147	166	171	-56	172	-40
Enterprise Value (EV)	1,146	1,043	1,147	1,033	1,281	1,075	1,460	1,321	1,226	880
Market Capitalization	772	592	661	817	852	831	1,264	1,175	923	791
Book Value per Share	$10.77	$10.46	$10.39	$10.20	$9.50	$9.27	$9.62	$9.09	$8.47	$8.74
Tangible Book Value per Share	$5.11	$4.75	$4.64	$4.46	$3.85	$3.79	$4.13	$3.71	$3.19	$3.43
Total Capital	1,149	1,161	1,176	929	1,149	954	989	933	1,078	878
Total Debt	578	608	629	388	634	435	448	412	586	370
Total Long-Term Debt	491	532	553	314	560	352	365	346	528	325
Net Debt	374	451	486	216	429	244	196	146	304	89
Capital Expenditures (CapEx)	4.72	4.38	8.53	30	7.52	18	87	105	10	40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-273	-236	-220	-247	-278	-218	-250	-240	-256	-219
Debt-free Net Working Capital (DFNWC)	-68	-79	-78	-74	-73	-27	2.21	26	26	63
Net Working Capital (NWC)	-156	-155	-154	-149	-147	-111	-81	-40	-32	17
Net Nonoperating Expense (NNE)	7.25	7.31	5.45	6.54	6.97	6.74	6.81	4.71	4.33	2.03
Net Nonoperating Obligations (NNO)	359	451	486	216	429	244	196	146	304	89
Total Depreciation and Amortization (D&A)	24	24	24	24	24	23	22	19	18	17
Debt-free, Cash-free Net Working Capital to Revenue	-25.35%	-22.25%	-20.75%	-23.11%	-26.47%	-21.18%	-24.92%	-24.97%	-28.62%	-26.04%
Debt-free Net Working Capital to Revenue	-6.33%	-7.44%	-7.33%	-6.95%	-6.96%	-2.64%	0.22%	2.68%	2.90%	7.45%
Net Working Capital to Revenue	-14.47%	-14.59%	-14.49%	-13.93%	-14.03%	-10.72%	-8.07%	-4.20%	-3.54%	2.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.04	$0.03	$0.67	$0.11	$0.14	$0.37	$0.68	$0.14	$0.18
Adjusted Weighted Average Basic Shares Outstanding	52.91M	52.88M	52.69M	53.03M	55.51M	55.44M	56.08M	56.63M	57.95M	58.15M
Adjusted Diluted Earnings per Share	$0.25	$0.04	$0.03	$0.64	$0.11	$0.13	$0.35	$0.64	$0.12	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	55.06M	54.78M	54.79M	55.40M	58.52M	58.60M	59.71M	59.54M	61.05M	60.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	53.16M	52.94M	52.81M	52.61M	53.29M	54.13M	56.01M	56.24M	57.33M	58.17M
Normalized Net Operating Profit after Tax (NOPAT)	21	9.65	7.27	42	13	14	27	43	12	13
Normalized NOPAT Margin	7.94%	3.87%	2.86%	13.44%	5.14%	5.76%	10.51%	14.63%	5.11%	5.73%
Pre Tax Income Margin	6.50%	1.20%	1.21%	14.95%	3.12%	4.05%	10.25%	16.89%	4.17%	5.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.36	1.12	1.12	4.97	1.46	1.67	3.15	6.44	1.90	2.51
NOPAT to Interest Expense	1.87	0.87	0.66	3.77	1.11	1.26	2.44	4.99	1.47	1.70
EBIT Less CapEx to Interest Expense	1.93	0.73	0.35	2.30	0.80	0.06	-4.62	-5.73	0.60	-2.83
NOPAT Less CapEx to Interest Expense	1.44	0.48	-0.11	1.09	0.45	-0.35	-5.33	-7.18	0.17	-3.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	22.94%	55.48%	114.83%	94.36%	95.02%	108.51%	61.51%	76.13%	141.74%	-2.36%

Frequently Asked Questions About Sun Country Airlines' Financials

When does Sun Country Airlines's fiscal year end?

According to the most recent income statement we have on file, Sun Country Airlines' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Sun Country Airlines' net income changed over the last 2 years?

Sun Country Airlines' net income appears to be on an upward trend, with a most recent value of $52.90 million in 2024, rising from $17.68 million in 2022. The previous period was $72.18 million in 2023. View Sun Country Airlines' forecast to see where analysts expect Sun Country Airlines to go next.

What is Sun Country Airlines's operating income?

Sun Country Airlines's total operating income in 2024 was $105.99 million, based on the following breakdown:

Total Gross Profit: $511.80 million
Total Operating Expenses: $405.82 million

How has Sun Country Airlines revenue changed over the last 2 years?

Over the last 2 years, Sun Country Airlines' total revenue changed from $894.44 million in 2022 to $1.08 billion in 2024, a change of 20.3%.

How much debt does Sun Country Airlines have?

Sun Country Airlines' total liabilities were at $1.06 billion at the end of 2024, a 4.5% decrease from 2023, and a 2.7% increase since 2022.

How much cash does Sun Country Airlines have?

In the past 2 years, Sun Country Airlines' cash and equivalents has ranged from $46.28 million in 2023 to $92.09 million in 2022, and is currently $83.22 million as of their latest financial filing in 2024.

How has Sun Country Airlines' book value per share changed over the last 2 years?

Over the last 2 years, Sun Country Airlines' book value per share changed from 8.47 in 2022 to 10.77 in 2024, a change of 27.2%.

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This page (NASDAQ:SNCY) was last updated on 5/30/2025 by MarketBeat.com Staff

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Sun Country Airlines (SNCY) Financials

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Sun Country Airlines (SNCY) Financials

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