Azul SA

NYSE:AZULIndustrials

$5.97−0.58%LiveIn session · ≈ AED 21.91 · Market cap — · Next earnings Tue 10 Nov

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	−8.2%	18.1%	10.6%	16.9%	26.4%	27.7%	—	—
Operating margin	−24.4%	0.5%	9.0%	9.0%	17.4%	19.9%	19.9%	+0.0 pts
Net margin	−188.6%	−42.2%	−4.5%	−12.8%	−46.9%	0.6%	0.6%	+0.0 pts
EBITDA margin	−122.9%	5.7%	35.2%	24.9%	18.2%	33.8%	—	—
Return on equity	76.6%	23.0%	3.8%	11.2%	30.1%	−0.4%	−0.4%	+0.0 pts
Return on assets	−68.6%	−22.7%	−3.9%	−11.6%	−34.8%	0.5%	0.5%	+0.0 pts
Return on capital employed	−25.1%	0.8%	39.0%	28.7%	68.7%	−72.5%	—	—
Debt / equity	−1.4×	−1.4×	−1.3×	−1.2×	−1.2×	−1.2×	−1.2×	+0.0%
Debt / assets	125.9%	134.4%	128.0%	128.3%	142.9%	151.7%	—	—
Interest coverage	−0.5×	0.0×	0.4×	0.4×	0.6×	0.6×	—	—
Current ratio	0.5×	0.5×	0.3×	0.3×	0.3×	0.2×	0.2×	+0.0%
Quick ratio	0.5×	0.5×	0.3×	0.3×	0.2×	0.2×	—	—
Cash ratio	0.3×	0.3×	0.0×	0.1×	0.1×	0.0×	0.0×	+0.0%
Asset turnover	0.4×	0.5×	0.9×	0.9×	0.7×	0.9×	—	—
Inventory turnover	15.4×	14.3×	16.7×	19.3×	15.2×	11.4×	—	—
Receivables turnover	5.1×	8.4×	8.5×	13.8×	9.9×	7.2×	—	—
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.