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Azul Valuation Multiples
Discover revenue and EBITDA valuation multiples for Azul and similar public comparables like Garuda Indonesia, Surf Air, Air Busan, Norse Atlantic Airways and more.
Azul Overview
About Azul
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities and equity holding in other companies.
Founded
2008
HQ

Employees
15.4K
Website
Sectors
Financials (FY)
EV
$6B
Azul Stock Performance
Azul has current market cap of $134M, and enterprise value of $6B.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $134M | — | XXX | XXX | XXX | — |
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Azul Financial Valuation Multiples
As of March 7, 2026, Azul has market cap of $134M and EV of $6B.
Equity research analysts estimate Azul's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $134M | XXX | $134M | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
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Verified Azul Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Azul Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Garuda Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Surf Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Air Busan | XXX | XXX | XXX | XXX | XXX | XXX |
| Norse Atlantic Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Alliance Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Azul M&A Activity
Azul acquired XXX companies to date.
Last acquisition by Azul was on XXXXXXXX, XXXXX. Azul acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Azul
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAzul Investment Activity
Azul invested in XXX companies to date.
Azul made its latest investment on XXXXXXXX, XXXXX. Azul invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Azul
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Azul
| When was Azul founded? | Azul was founded in 2008. |
| Where is Azul headquartered? | Azul is headquartered in Brazil. |
| How many employees does Azul have? | As of today, Azul has over 15K employees. |
| Is Azul publicly listed? | Yes, Azul is a public company listed on B3. |
| What is the stock symbol of Azul? | Azul trades under AZUL4 ticker. |
| When did Azul go public? | Azul went public in 2017. |
| Who are competitors of Azul? | Azul main competitors are Garuda Indonesia, Surf Air, Air Busan, Norse Atlantic Airways. |
| What is the current market cap of Azul? | Azul's current market cap is $134M. |
| Is Azul profitable? | No, Azul is not profitable. |
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