Sun Country Airlines (SNCY) Financials

$11.24 +0.24 (+2.18%)

Closing price 04:00 PM Eastern

Extended Trading

$11.24 -0.01 (-0.04%)

As of 04:33 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	18	72	53
Consolidated Net Income / (Loss)	18	72	53
Net Income / (Loss) Continuing Operations	18	72	53
Total Pre-Tax Income	24	94	70
Total Operating Income	56	128	106
Total Gross Profit	326	455	512
Total Revenue	894	1,050	1,076
Operating Revenue	894	1,050	1,076
Total Cost of Revenue	569	594	564
Operating Cost of Revenue	569	594	564
Total Operating Expenses	270	328	406
Marketing Expense	31	34	35
Depreciation Expense	68	88	95
Other Operating Expenses / (Income)	171	206	276
Total Other Income / (Expense), net	-32	-33	-36
Interest Expense	31	43	44
Interest & Investment Income	4.53	10	7.83
Other Income / (Expense), net	-5.24	-0.89	0.06
Income Tax Expense	6.31	22	17
Basic Earnings per Share	$0.31	$1.30	$1.00
Weighted Average Basic Shares Outstanding	57.95M	55.51M	52.91M
Diluted Earnings per Share	$0.29	$1.23	$0.96
Weighted Average Diluted Shares Outstanding	61.05M	58.52M	55.06M
Weighted Average Basic & Diluted Shares Outstanding	57.33M	53.29M	53.16M

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

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

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

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

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

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

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

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

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

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 5/6/2025 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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