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Azul (AZUL) Financials

Azul logo
$0.51 +0.02 (+4.34%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$0.38 -0.13 (-24.87%)
As of 06:13 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Azul

Annual Income Statements for Azul

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

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 -1,480 -491 -137 -756 -2,086 -598 -164 128 -3.49 -271
Consolidated Net Income / (Loss)		 -1,480 -491 -137 -756 -2,086 -598 -164 128 -39 -271
Net Income / (Loss) Continuing Operations		 -1,486 -491 -137 -756 -2,086 -598 -164 128 -3.49 -271
Total Pre-Tax Income 		-1,486 -482 -137 -756 -2,133 -631 -117 125 -53 -272
Total Operating Income		 548 342 270 8.90 -407 -297 308 375 106 -42
Total Gross Profit		 2,081 1,525 976 586 141 1,899 1,500 1,620 1,350 1,000
Total Revenue		 3,158 3,639 2,876 1,703 849 2,847 2,334 2,326 1,965 1,581
Operating Revenue		 3,158 3,639 2,876 1,703 849 2,847 2,334 2,326 1,965 1,581
Total Cost of Revenue		 1,077 2,114 1,900 1,118 708 948 834 706 616 581
Operating Cost of Revenue		 1,077 2,114 1,900 1,118 708 948 834 706 616 581
Total Operating Expenses		 1,543 1,183 706 577 548 2,196 1,192 1,245 1,244 1,042
Selling, General & Admin Expense		 709 - - - - 672 530 646 318 799
Marketing Expense		 144 161 132 72 63 110 95 93 - 65
Depreciation Expense		 415 496 396 277 348 404 331 321 93 55
Other Operating Expenses / (Income)		 275 577 386 420 283 290 236 185 833 122
Total Other Income / (Expense), net		 -2,034 -825 -407 -765 -1,726 -334 -424 -250 -159 -230
Other Income / (Expense), net		 -2,034 -825 -407 -765 -1,726 -334 -424 -250 -159 -230
Weighted Average Basic Shares Outstanding		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B - -
Diluted Earnings per Share		 ($4.31) - - - - ($7.14) ($1.91) $0.40 - ($5.49)
Weighted Average Diluted Shares Outstanding		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B - -
Weighted Average Basic & Diluted Shares Outstanding		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B - -

Quarterly Income Statements for Azul

No quarterly income statements for Azul are available.

Annual Cash Flow Statements for Azul

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

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -1,646 -423 -948 -997 19 119 105 64 -74 -67
Net Cash From Operating Activities		 -1,070 239 -358 -549 188 646 -455 306 -119 172
Net Cash From Continuing Operating Activities		 -1,070 239 -358 -549 -66 649 455 308 -119 172
Net Income / (Loss) Continuing Operations		 -1,480 -491 -137 -756 -2,086 -598 -164 128 -39 -271
Consolidated Net Income / (Loss)		 -1,480 -491 -137 -756 -2,086 -598 -164 128 -39 -271
Depreciation Expense		 415 496 396 277 348 404 331 321 93 55
Non-Cash Adjustments To Reconcile Net Income		 -710 -722 -785 6.92 1,718 1,009 583 220 -303 349
Changes in Operating Assets and Liabilities, net		 705 956 167 -77 -45 -166 -295 -362 130 39
Net Cash From Investing Activities		 -110 -96 -124 -116 -78 -295 -71 -326 45 -239
Net Cash From Continuing Investing Activities		 -110 -96 -124 -116 -78 -295 -71 -327 45 -239
Purchase of Property, Plant & Equipment		 -110 -96 -118 -112 -66 -388 -306 -227 -119 -301
Acquisitions		 0.00 0.00 -5.74 -3.59 -7.45 0.00 0.00 - - -
Net Cash From Financing Activities		 -466 -566 -466 -333 180 -227 -297 74 0.00 0.00
Net Cash From Continuing Financing Activities		 -466 -566 -466 -333 180 -227 -297 74 0.00 0.00
Repayment of Debt		 -453 -485 -525 -323 -198 -385 -236 -633 - -
Other Financing Activities, net		 -12 -81 58 -9.76 0.00 9.40 -267 -235 0.00 -
Cash Interest Paid		 335 355 221 112 - - - - 105 73

Quarterly Cash Flow Statements for Azul

No quarterly cash flow statements for Azul are available.

Annual Balance Sheets for Azul

This table presents Azul's 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 2021 2020 2019 2018 2017 2016
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016
Total Assets		 4,249 4,232 3,542 3,324 3,041 4,777 4,148 4,202 2,582
Total Current Assets		 915 1,040 922 1,049 1,043 1,030 951 1,046 587
Cash & Equivalents		 196 391 126 551 590 410 301 230 169
Short-Term Investments		 0.00 4.52 6.82 15 33 57 135 316 107
Accounts Receivable		 287 229 341 179 169 309 294 276 207
Inventories, net		 153 165 137 103 155 78 52 45 33
Current Deferred & Refundable Income Taxes		 33 45 44 20 26 35 73 34 14
Other Current Assets		 137 51 36 13 4.97 106 29 99 11
Plant, Property, & Equipment, net		 491 473 369 352 346 2,377 475 568 1,057
Plant, Property & Equipment, gross		 491 473 369 352 346 2,377 475 568 1,057
Total Noncurrent Assets		 2,675 2,716 2,230 1,888 1,651 1,370 928 2,588 673
Intangible Assets		 252 302 270 244 225 271 262 290 290
Noncurrent Deferred & Refundable Income Taxes		 5.84 - - - - 61 0.00 0.00 -
Other Noncurrent Operating Assets		 2,417 2,253 1,822 1,482 1,225 640 260 1,952 383
Total Liabilities & Shareholders' Equity		 4,249 4,232 3,542 3,324 3,041 4,777 4,148 4,202 2,582
Total Liabilities		 7,734 6,944 5,836 5,840 5,738 5,652 4,444 4,320 2,274
Total Current Liabilities		 3,451 3,040 2,848 2,101 1,966 1,707 1,360 1,243 1,112
Short-Term Debt		 357 227 211 184 165 120 41 127 303
Accounts Payable		 671 529 619 275 471 417 383 301 325
Current Deferred & Payable Income Tax Liabilities		 20 29 37 27 2.57 3.35 2.51 2.95 20
Other Taxes Payable		 82 98 91 - 11 12 15 13 -
Other Current Liabilities		 1,184 957 948 844 691 545 425 337 99
Total Noncurrent Liabilities		 5,719 5,588 4,289 4,512 3,799 3,945 3,084 3,077 1,162
Long-Term Debt		 2,066 1,772 1,158 1,651 1,252 756 669 652 937
Capital Lease Obligations		 2,436 2,362 1,997 2,044 1,973 2,618 1,980 1,941 -
Noncurrent Deferred & Payable Income Tax Liabilities		 32 31 14 18 - 60 76 43 56
Other Noncurrent Operating Liabilities		 886 939 763 715 574 511 360 441 146
Total Equity & Noncontrolling Interests		 -4,922 -4,396 -3,596 -3,288 -2,724 -876 -296 -118 308
Total Preferred & Common Equity		 -4,922 -4,396 -3,596 -3,289 -2,724 -876 -296 -118 308
Total Common Equity		 -4,922 -4,396 -3,596 -3,289 -2,724 -876 -296 -118 308
Common Stock		 374 477 438 411 436 558 569 653 458
Retained Earnings		 -5,630 -5,290 -4,405 -4,047 -3,533 -1,870 -1,318 -1,339 -536
Treasury Stock		 -0.70 -1.86 -1.93 -2.15 -2.54 -3.87 -2.72 -0.83 0.00
Accumulated Other Comprehensive Income / (Loss)		 0.96 0.64 1.00 1.04 0.13 -40 -40 -4.43 -10
Other Equity Adjustments		 334 418 373 349 375 480 494 573 397

Quarterly Balance Sheets for Azul

No quarterly balance sheets for Azul are available.

Annual Metrics And Ratios for Azul

This table displays calculated financial ratios and metrics derived from Azul's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -4.12% 26.53% 68.87% 100.66% -70.19% 21.98% 0.33% 18.36% 24.35% 0.00%
EBITDA Growth		 -8,314.26% -94.97% 154.22% 73.18% -684.96% -206.17% -51.99% 1,030.25% 118.18% 0.00%
EBIT Growth		 -208.03% -253.04% 81.92% 64.56% -237.93% -440.66% -193.35% 335.39% 80.48% 0.00%
NOPAT Growth		 167.39% 26.59% 2,938.65% 102.19% -36.76% -196.70% -44.02% 419.21% 350.01% 0.00%
Net Income Growth		 -201.64% -259.00% 81.92% 63.77% -248.85% -264.97% -227.82% 430.10% 85.70% 0.00%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -273.82% -572.19% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 -548.42% 166.62% 34.69% -391.93% -70.89% 241.94% -248.53% 357.04% -169.40% 0.00%
Free Cash Flow Firm Growth		 143.65% -226.64% 120.40% -134.90% 172.75% -199.78% 625.36% 53.97% 0.00% 0.00%
Invested Capital Growth		 -3.52% 70.18% 15.71% 599.60% -105.27% 975.43% -111.44% 81.33% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 65.90% 41.91% 33.94% 34.39% 16.64% 66.70% 64.27% 69.65% 68.67% 126.49%
EBITDA Margin		 -33.93% 0.36% 9.03% -28.11% -210.30% -7.99% 9.18% 19.18% 2.01% -27.47%
Operating Margin		 17.36% 9.41% 9.40% 0.52% -47.93% -10.45% 13.18% 16.13% 5.38% -5.36%
EBIT Margin		 -47.07% -13.26% -4.75% -44.37% -251.25% -22.17% -5.00% 5.37% -2.70% -24.35%
Profit (Net Income) Margin		 -46.87% -13.48% -4.75% -44.37% -245.75% -21.00% -7.02% 5.51% -3.87% -34.35%
Tax Burden Percent		 99.58% 101.69% 100.00% 100.00% 97.81% 94.75% 140.36% 102.51% 146.20% 199.54%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 200.00% 347.85%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2.51% 0.00% 0.00%
Return on Invested Capital (ROIC)		 41.84% 32.33% 37.02% 3.29% -33.35% -26.08% 27.01% 27.54% 14.92% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.42% 16.92% 28.77% -20.56% -101.22% -54.23% -10.74% 7.84% -18.05% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -10.07% -20.05% -33.05% 21.85% 149.25% 128.12% 52.06% 107.40% -40.14% 0.00%
Return on Equity (ROE)		 31.77% 12.28% 3.97% 25.14% 115.90% 102.04% 79.07% 269.89% -25.21% 0.00%
Cash Return on Invested Capital (CROIC)		 45.42% -19.62% 22.45% -118.70% 0.00% -122.97% 0.00% -30.28% -185.08% 0.00%
Operating Return on Assets (OROA)		 -35.05% -12.41% -3.98% -23.75% -54.56% -14.14% -5.59% 20.36% -1.32% 0.00%
Return on Assets (ROA)		 -34.90% -12.62% -3.98% -23.75% -53.37% -13.40% -7.85% 14.05% -3.01% 0.00%
Return on Common Equity (ROCE)		 31.77% 12.28% 3.97% 25.14% 115.90% 102.04% 158.13% 269.89% -33.90% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 30.07% 11.16% 3.80% 22.98% 76.58% 68.29% 55.28% -217.16% -16.90% 0.00%
Net Operating Profit after Tax (NOPAT)		 384 240 189 6.23 -285 -208 215 385 74 -30
NOPAT Margin		 12.16% 6.59% 6.58% 0.37% -33.55% -7.31% 9.23% 16.53% 3.77% -1.87%
Net Nonoperating Expense Percent (NNEP)		 33.42% 15.42% 8.24% 23.84% 67.88% 28.15% 37.75% 121.56% 4,305.82% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 -609.78% - - - - - - - - -
Cost of Revenue to Revenue		 34.10% 58.09% 66.06% 65.61% 83.36% 33.30% 35.73% 30.35% 565.82% 94.51%
SG&A Expenses to Revenue		 22.45% 0.00% 0.00% 0.00% 0.00% 23.59% 22.73% 27.75% 460.25% 101.16%
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		 48.86% 32.51% 24.54% 33.86% 64.57% 77.14% 51.09% 53.52% 128.10% 134.21%
Earnings before Interest and Taxes (EBIT)		 -1,486 -482 -137 -756 -2,133 -631 -117 125 -53 -272
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1,072 13 260 -479 -1,785 -227 214 446 39 -217
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.22 1.12 0.89 3.26 11.28 4.66 4.95 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 5.96 8.45 10.33 18.34 0.00 8.84 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 1.70 2.17 1.97 5.11 14.35 5.60 5.77 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 604.76 21.82 0.00 0.00 0.00 62.87 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 13.98 32.92 29.92 1,395.78 0.00 0.00 62.54 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 33.05 0.00 0.00 64.78 24.68 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.88 0.00 49.33 0.00 7.55 0.00 6.06 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 -0.99 -0.99 -0.94 -1.18 -1.24 -3.99 -4.71 -21.66 8.05 0.00
Long-Term Debt to Equity		 -0.91 -0.94 -0.88 -1.12 -1.18 -3.85 -4.58 -20.58 6.09 0.00
Financial Leverage		 -1.20 -1.19 -1.15 -1.06 -1.47 -2.36 -4.85 27.41 2.22 0.00
Leverage Ratio		 -0.91 -0.97 -1.00 -1.06 -2.17 -7.61 -0.20 71.43 16.77 0.00
Compound Leverage Factor		 -0.91 -0.97 -1.00 -1.06 -2.17 -7.61 -0.20 71.43 16.77 0.00
Debt to Total Capital		 -7,719.41% -12,451.92% -1,460.66% 657.54% 508.90% 133.45% 224.76% 209.08% 160.21% 0.00%
Short-Term Debt to Total Capital		 -567.07% -647.40% -91.38% 31.12% 24.81% 4.57% 3.42% 9.73% 39.12% 0.00%
Long-Term Debt to Total Capital		 -7,152.34% -11,804.52% -1,369.28% 626.42% 484.09% 128.88% 221.34% 199.34% 121.09% 0.00%
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		 7,819.41% 12,552.39% 1,560.66% -557.55% -408.90% -33.45% 0.00% 37.44% 119.89% 0.00%
Debt to EBITDA		 -4.53 334.29 12.97 -8.10 -1.90 -15.36 12.56 12.19 31.42 0.00
Net Debt to EBITDA		 -4.35 291.63 11.92 -6.58 -1.46 -11.78 17.94 8.60 24.43 0.00
Long-Term Debt to EBITDA		 -4.20 316.91 12.15 -7.72 -1.81 -14.84 24.74 11.63 23.75 0.00
Debt to NOPAT		 12.66 18.20 17.78 622.52 -11.91 -16.78 24.99 14.27 16.74 0.00
Net Debt to NOPAT		 12.15 15.87 16.34 505.47 -9.14 -12.86 17.85 10.06 13.01 0.00
Long-Term Debt to NOPAT		 11.73 17.25 16.67 593.05 -11.33 -16.20 24.61 13.60 12.65 0.00
Altman Z-Score		 -2.93 -1.48 -1.45 -1.75 -3.03 0.85 1.47 0.00 0.00 0.00
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		 0.27 0.34 0.32 0.50 0.53 0.60 1.40 1.68 0.53 0.00
Quick Ratio		 0.14 0.21 0.17 0.35 0.41 0.45 1.08 1.35 0.43 0.00
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 417 -145 115 -563 1,613 -2,217 2,222 -423 -919 0.00
Operating Cash Flow to CapEx		 -971.62% 249.45% -303.44% -489.96% 328.25% 172.86% -214.32% 176.74% 0.00% 71.90%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.74 0.94 0.84 0.54 0.22 0.64 0.56 0.69 3.54 0.00
Accounts Receivable Turnover		 12.24 12.77 11.06 9.80 3.56 9.44 8.18 9.63 19.40 0.00
Inventory Turnover		 6.79 14.03 15.89 8.68 6.08 14.66 17.20 18.03 37.40 0.00
Fixed Asset Turnover		 6.55 8.64 7.98 4.88 0.62 2.00 4.48 2.86 3.80 0.00
Accounts Payable Turnover		 1.79 3.68 4.25 2.99 1.59 2.37 2.44 2.26 1.89 0.00
Days Sales Outstanding (DSO)		 29.81 28.58 33.01 37.24 102.62 38.67 44.61 285.14 522.84 0.00
Days Inventory Outstanding (DIO)		 53.78 26.01 22.97 42.04 60.01 24.90 21.22 40.49 39.03 0.00
Days Payable Outstanding (DPO)		 203.41 99.14 85.87 121.94 229.22 153.98 149.58 323.67 385.83 0.00
Cash Conversion Cycle (CCC)		 -119.81 -44.54 -29.89 -42.66 -66.59 -90.40 -83.74 -12.16 224.64 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 901 934 549 474 -95 1,803 -206 1,800 993 0.00
Invested Capital Turnover		 3.44 4.91 5.62 8.98 0.99 3.57 2.93 1.67 3.96 0.00
Increase / (Decrease) in Invested Capital		 -33 385 74 569 -1,898 2,009 -2,006 807 993 0.00
Enterprise Value (EV)		 5,367 7,889 5,665 8,696 12,176 15,931 13,466 0.00 0.00 0.00
Market Capitalization		 704 4,085 2,572 5,547 9,573 13,253 11,544 0.00 0.00 0.00
Book Value per Share		 ($3.89) ($3.48) ($2.85) ($2.61) ($2.16) ($0.94) ($0.24) ($0.09) $0.00 $0.00
Tangible Book Value per Share		 ($4.09) ($3.71) ($3.06) ($2.80) ($2.34) ($1.23) ($0.45) ($0.33) $0.00 $0.00
Total Capital		 -63 -35 -230 590 666 2,618 2,394 2,601 1,548 0.00
Total Debt		 4,859 4,361 3,365 3,878 3,390 3,493 2,690 2,720 1,240 0.00
Total Long-Term Debt		 4,502 4,134 3,155 3,695 3,225 3,374 2,649 2,593 937 0.00
Net Debt		 4,663 3,804 3,093 3,149 2,603 2,678 1,922 1,918 964 0.00
Capital Expenditures (CapEx)		 110 96 118 112 57 373 212 173 -45 239
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,375 -2,169 -1,849 -1,435 -1,381 -1,025 -804 -620 -498 0.00
Debt-free Net Working Capital (DFNWC)		 -2,179 -1,773 -1,716 -868 -758 -558 -368 -71 -222 0.00
Net Working Capital (NWC)		 -2,536 -2,000 -1,927 -1,052 -923 -678 -409 -197 -525 0.00
Net Nonoperating Expense (NNE)		 1,864 730 326 762 1,801 390 379 256 113 242
Net Nonoperating Obligations (NNO)		 5,823 5,329 4,144 3,763 2,629 2,678 90 1,918 685 0.00
Total Depreciation and Amortization (D&A)		 415 496 396 277 348 404 331 321 93 55
Debt-free, Cash-free Net Working Capital to Revenue		 -75.22% -59.60% -64.30% -84.25% -162.69% -36.01% -68.90% -53.26% -25.34% 0.00%
Debt-free Net Working Capital to Revenue		 -69.02% -48.73% -59.67% -50.98% -89.30% -19.59% -31.51% -3.04% -11.29% 0.00%
Net Working Capital to Revenue		 -80.32% -54.96% -66.99% -61.76% -108.77% -23.80% -35.02% -16.96% -26.70% 0.00%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($12.35) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B 0.00 0.00
Adjusted Diluted Earnings per Share		 ($4.31) $0.00 $0.00 ($12.35) ($32.09) $0.00 $0.00 $1.66 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B 0.00 0.00
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		 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B 928.97M 1.25B 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 384 204 43 -129 -387 296 215 263 74 -30
Normalized NOPAT Margin		 12.16% 5.61% 1.50% -7.56% -45.58% 10.41% 9.23% 11.29% 3.77% -3.75%
Pre Tax Income Margin		 -47.07% -13.26% -4.75% -44.37% -251.25% -22.17% -5.00% 5.37% -2.70% -34.43%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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		 0.00% 0.00% 0.00% 0.00% 0.00% -0.53% 0.00% 21.04% 0.00% 0.00%

Quarterly Metrics And Ratios for Azul

No quarterly metrics and ratios for Azul are available.

Frequently Asked Questions About Azul's Financials

When does Azul's fiscal year end?

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

How has Azul's net income changed over the last 9 years?

Azul's net income appears to be on an upward trend, with a most recent value of -$1.48 billion in 2024, rising from -$271.49 million in 2015. The previous period was -$490.60 million in 2023. Check out Azul's forecast to explore projected trends and price targets.

What is Azul's operating income?
Azul's total operating income in 2024 was $548.29 million, based on the following breakdown:
  • Total Gross Profit: $2.08 billion
  • Total Operating Expenses: $1.54 billion
How has Azul revenue changed over the last 9 years?

Over the last 9 years, Azul's total revenue changed from $1.58 billion in 2015 to $3.16 billion in 2024, a change of 99.8%.

How much debt does Azul have?

Azul's total liabilities were at $7.73 billion at the end of 2024, a 11.4% increase from 2023, and a 240.0% increase since 2016.

How much cash does Azul have?

In the past 8 years, Azul's cash and equivalents has ranged from $126.44 million in 2022 to $590.04 million in 2020, and is currently $195.67 million as of their latest financial filing in 2024.

How has Azul's book value per share changed over the last 9 years?

Over the last 9 years, Azul's book value per share changed from 0.00 in 2015 to -3.89 in 2024, a change of -389.2%.


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This page (NYSE:AZUL) was last updated on 5/28/2025 by MarketBeat.com Staff
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