Azul S.A.

As of June 30, 2026, Azul S.A. carries a market capitalization of 14.62B, placing it among publicly traded companies globally. Its enterprise value stands at 34.77B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Azul S.A.'s next confirmed earnings release is scheduled for November 10, 2026.

As of June 30, 2026, Azul S.A. has 1.95B shares outstanding.

As of June 30, 2026, Azul S.A. trades at a trailing price-to-earnings ratio of 10.81. The price-to-sales ratio is 0.99, and the price-to-book ratio stands at -2.84.

As of June 30, 2026, Azul S.A. trades at an EV/EBITDA multiple of 4.63 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 1.60 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 7.44 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 34.77B versus a market cap of 14.62B, with the gap driven by net debt and cash on the balance sheet.

As of June 30, 2026, Azul S.A. maintains a current ratio of 0.42, meaning it holds 0.4x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is -415.45, indicating conservative leverage, while an interest coverage ratio of 1.25 demonstrates limited ability to service its debt obligations.

These figures cover the twelve months ended June 30, 2026. Return on assets (ROA) stands at 6.87, measuring how efficiently the asset base is converted into earnings. The company generates approximately 1.47M in revenue per employee across its workforce of 14,847.25, a quick read on workforce productivity versus industry peers. Inventory turnover of 14.20 indicates how many times Azul S.A. sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended June 30, 2026, Azul S.A. recorded an income tax benefit of -7.51B rather than an expense, typically from losses, carryforwards, or the release of a tax provision. The company reported a pretax loss of -5.53B and 1.98B in bottom-line net income, so the effective tax rate carries little signal until profitability returns.

These figures are as of the close on October 22, 2026.

Over the twelve months ended June 30, 2026, Azul S.A. generated 21.75B in revenue and converted that into 1.98B in net income, yielding earnings per share of 0.69. EBITDA reached 7.51B, while operating income came in at 2.27B.

As of June 30, 2026, Azul S.A. holds 1.27B in cash and equivalents against 21.42B in total debt, resulting in a net debt position of 8.62B. Total book value stands at -5.15B, with working capital of -8.60B providing operational flexibility.

Azul S.A. produced -1.19B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -506.85M in capital expenditures, free cash flow totaled -1.69B - equivalent to -0.59 per share.

Over the twelve months ended June 30, 2026, Azul S.A. posted a gross margin of 31.97, reflecting its pricing power and cost economics. The operating margin of 10.44 and net profit margin of 9.11 provide insight into operational efficiency.

These figures cover the twelve months ended June 30, 2026. Free cash flow yield is negative at -7.91: the business is consuming cash rather than generating it, so any dividend is not covered by free cash flow. Total shareholder yield is negative at -12.09, meaning Azul S.A. raised more capital through share issuance and new debt than it returned via dividends and buybacks.

As of June 30, 2026, Azul S.A. has an Altman Z-Score of -0.55, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.