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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. The Company considers that it has a single reportable segment which is air transport.
2008
15.4K+
LTM Revenue $3.6B
LTM EBITDA $1.1B
$6.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Azul has a last 12-month revenue of $3.6B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, Azul achieved revenue of $3.2B and an EBITDA of $805M.
Azul expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Azul valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.2B | XXX | XXX | XXX |
| Gross Profit | $315M | $395M | XXX | XXX | XXX |
| Gross Margin | 11% | 12% | XXX | XXX | XXX |
| EBITDA | $978M | $805M | XXX | XXX | XXX |
| EBITDA Margin | 35% | 25% | XXX | XXX | XXX |
| Net Profit | -$734M | -$126M | XXX | XXX | XXX |
| Net Margin | -26% | -4% | XXX | XXX | XXX |
| Net Debt | $1.2B | $1.4B | XXX | XXX | XXX |
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As of April 15, 2025, Azul's stock price is BRL 3 (or $1).
Azul has current market cap of BRL 1.6B (or $270M), and EV of BRL 37.8B (or $6.6B).
See Azul trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.6B | $270M | XXX | XXX | XXX | XXX | $-1.04 |
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Sign UpAs of April 15, 2025, Azul has market cap of $270M and EV of $6.6B.
Azul's trades at 1.8x LTM EV/Revenue multiple, and 6.0x LTM EBITDA.
Analysts estimate Azul's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Azul and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $6.6B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | XXX | XXX |
| P/E | -0.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 15.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAzul's NTM/LTM revenue growth is 10%
Azul's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $42K for the same period.
Over next 12 months, Azul's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Azul's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Azul and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -18% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 35% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $42K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 20% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Azul acquired XXX companies to date.
Last acquisition by Azul was XXXXXXXX, XXXXX XXXXX XXXXXX . Azul acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 15.4K+ employees. |
| Who is the CEO of Azul? | Azul's CEO is Mr. John Peter Rodgerson. |
| Is Azul publicy listed? | Yes, Azul is a public company listed on BVMF. |
| 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? | Similar companies to Azul include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Azul? | Azul's current market cap is $270M |
| What is the current revenue of Azul? | Azul's last 12-month revenue is $3.6B. |
| What is the current EBITDA of Azul? | Azul's last 12-month EBITDA is $1.1B. |
| What is the current EV/Revenue multiple of Azul? | Current revenue multiple of Azul is 1.8x. |
| What is the current EV/EBITDA multiple of Azul? | Current EBITDA multiple of Azul is 6.0x. |
| What is the current revenue growth of Azul? | Azul revenue growth between 2023 and 2024 was 16%. |
| Is Azul profitable? | Yes, Azul is EBITDA-positive (as of the last 12 months). |
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