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B3 · BRL

AZUL3

Azul S.A.

R$18.31+2.87% (R$0.51)
Day's range
R$18.01 – R$20.29
Day's volume
R$3.8m
52-week range
R$15.52 – R$52,497,000.00

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See how AZUL3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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AZUL3 in numbers

Market cap
R$7.2bn
P/E
4.16
P/B
-1.31
Dividend yield (12m)
0.00%
Net debt/EBITDA
2.82

AZUL3 trades at 4.16 times its earnings of the last 12 months.

AZUL3 price history

13/01/202601/10/2026
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How much did investing in AZUL3 return?

R$1,000.00 invested on 01/02/2026 would be worth R$77.91 today.

Value today in AZUL3
R$77.91
Return over the period
-92.21%
In the Ibovespa
R$991.58

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AZUL3 fundamentals

Valuation

  • P/E
    4.16
  • P/B
    -1.31
  • EV/EBITDA
    3.82
  • EV/EBIT
    6.33
  • EV/Revenue
    1.25
  • P/EBIT
    1.66
  • P/S
    0.33
  • P/OCF
    -6.02
  • P/FCF
    -4.09
  • Earnings yield
    15.81%
  • PEG ratio
    0.00
  • Earnings per share
    R$4.40
  • Book value per share
    -R$13.99

Debt

  • Net debt
    R$20.1bn
  • Net debt/EBITDA
    2.82
  • Net debt/Equity
    -3.91
  • Debt/Equity
    -4.15
  • Current ratio
    0.42
  • Quick ratio
    0.35
  • Cash ratio
    0.09

Efficiency

  • Gross margin
    20.90%
  • EBITDA margin
    32.88%
  • Operating margin
    19.84%
  • Net margin
    7.46%
  • Asset turnover
    0.71

Profitability

  • ROE
    -31.48%
  • ROA
    5.27%
  • ROIC
    0.00%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    29.09%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    10.83%
  • Earnings growth (year)
    101.36%
  • Revenue growth (quarter)
    3.53%
  • Earnings growth (quarter)
    238.73%

AZUL3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
Earnings per shareR$0.34-R$95.28-R$1.88-R$0.57-R$3.33-R$8.59-R$1.91R$0.33
Book value per share-R$79.32-R$316.88-R$16.86-R$15.03-R$14.50-R$11.22-R$2.80R$2.52
ROE-0.43%30.07%11.16%3.80%22.98%76.58%68.29%13.28%
ROIC73.33%69.02%99.36%40.34%1.57%——7.08%
Gross margin27.79%26.71%18.20%17.47%18.56%4.97%0.66%17.45%
EBITDA margin33.89%30.50%21.91%22.10%16.03%7.08%21.63%9.29%
Net margin0.58%-46.87%-12.83%-4.53%-42.23%-188.62%-21.00%4.59%
Net debt/EBITDA4.765.935.666.4013.6510.340.732.37

AZUL3 financial statements

Line202520242023202220212020
Net revenueR$21.6bnR$19.5bnR$18.6bnR$15.9bnR$10bnR$5.7bn
Cost of sales-R$15.6bn-R$14.3bn-R$15.2bn-R$13.2bn-R$8.1bn-R$5.5bn
Gross profitR$6bnR$5.2bnR$3.4bnR$2.8bnR$1.9bnR$285.4m
EBITDAR$7.3bnR$6bnR$4.1bnR$3.5bnR$1.6bnR$406.5m
EBITR$4.3bnR$3.4bnR$1.7bnR$1.4bnR$54.8m-R$1.4bn
Net finance result-R$4.2bn-R$12.6bn-R$4bn-R$2.2bn-R$4.3bn-R$9.7bn
Profit before taxR$124.9m-R$9.2bn-R$2.3bn-R$722.4m-R$4.2bn-R$11.1bn
Income tax-R$12kR$38.8m-R$39.5mR$0R$0R$242.5m
Net incomeR$124.9m-R$9.2bn-R$2.4bn-R$722.4m-R$4.2bn-R$10.8bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

AZUL3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
AZUL3Azul4.16-1.310.00%-31.48%R$7.2bn
MOTV3MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A.8.731.915.56%21.85%R$33.8bn
RAIL3RUMO S.A.24.682.090.67%8.48%R$30.3bn

Does AZUL3 pay dividends?

AZUL3 has no distributions on record.

Splits, share consolidations and bonus shares
EventLast day to ownRatio
Share consolidation17/04/20260.0000066667 for 1
Share consolidation18/02/20261 for 75

About Azul

Listing segment
Level 2
Tag along
100.00%
Free float
99.67%
Shares issued
368.56m ordinary
Average daily trading
R$2.3m
Listed since
11/04/2017
CNPJ
09.305.994/0001-29
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Readystate Asset Management, LP10.48%0.00%10.48%
United Airlines Inc.8.64%0.00%8.64%
BlackBarn Capital Master Fund, LP8.06%0.00%8.06%
VR Global Partners, L.P.5.12%0.00%5.12%
Outros67.69%0.00%67.69%

Questions about AZUL3

How much is AZUL3 today?

AZUL3 is at R$18.31 (2.87% on the day), last traded on 01/10/2026.

What are the P/E and P/B of AZUL3?

AZUL3 trades at a P/E of 4.16 and a P/B of -1.31.