Azul S.A. Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 9, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	7	1,231	5,566	3,831	8,425	13,442
Market Cap Growth	-99.47%	-77.87%	45.30%	-54.53%	-37.33%	-32.45%
Enterprise Value	36,107	31,680	30,846	27,437	29,836	30,264
Last Close Price	0.01	1.41	6.39	4.39	9.72	15.68
PS Ratio	0.00	0.06	0.30	0.24	0.85	2.34
PB Ratio	0.00	-0.04	-0.26	-0.20	-0.46	-0.95
P/FCF Ratio	-	0.81	2.11	3.23	-	21.23
P/OCF Ratio	-	0.44	1.62	1.57	-	13.77
EV/Sales Ratio	1.67	1.62	1.66	1.72	2.99	5.27
EV/EBITDA Ratio	8.58	8.91	17.69	44.06	-	-
EV/EBIT Ratio	11.58	9.76	21.79	83.97	-	-
EV/FCF Ratio	-32.71	20.73	11.70	23.16	-	47.80
Debt / Equity Ratio	-1.38	-1.23	-1.24	-1.26	-1.36	-1.43
Debt / EBITDA Ratio	9.00	6.69	7.24	10.46	59.08	-
Debt / FCF Ratio	-	24.57	9.99	20.23	-	31.94
Asset Turnover	0.85	0.83	0.95	0.86	0.58	0.33
Inventory Turnover	12.09	12.85	16.55	20.16	18.88	18.74
Quick Ratio	0.17	0.15	0.22	0.18	0.36	0.43
Current Ratio	0.27	0.27	0.34	0.32	0.50	0.53
Return on Assets (ROA)	7.64%	8.67%	4.51%	1.10%	-3.72%	-7.70%
Return on Invested Capital (ROIC)	24.34%	33.49%	17.74%	3.54%	-10.09%	-14.63%
Return on Capital Employed (ROCE)	390.70%	65.80%	24.50%	8.90%	-15.00%	-38.60%
Earnings Yield	-39660.00%	-743.13%	-42.77%	-18.86%	-50.01%	-80.61%
FCF Yield	-16475.62%	124.09%	47.37%	30.93%	-11.10%	4.71%
Buyback Yield / Dilution	-95.26%	-0.04%	-0.04%	-0.50%	-1.03%	-0.35%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.