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B3 · BRL

AZUL3

Azul S.A.

R$19.41+9.04% (R$1.61)
Day's range
R$18.01 – R$20.29
Day's volume
R$4.1M
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$7.2B
P/E
4.41
P/B
-1.39
Dividend yield (12m)
0.00%
Net debt/EBITDA
2.82

AZUL3 trades at 4.41 times its earnings of the last 12 months.

AZUL3 price history

01/13/202609/30/2026
Compare with

How much did investing in AZUL3 return?

R$1,000.00 invested on 02/01/2026 would be worth R$82.60 today.

Value today in AZUL3
R$82.60
Return over the period
-91.74%
In the Ibovespa
R$974.46

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

AZUL3 fundamentals

Valuation

  • P/E
    4.41
  • P/B
    -1.39
  • 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$20.1B
  • 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's indicators by year

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

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's financial statements

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

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
AZUL3Azul4.41-1.390.00%-31.48%R$7.2B
MOTV3MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A.8.731.915.56%21.85%R$33.8B
RAIL3RUMO S.A.24.682.090.67%8.48%R$30.3B

Does AZUL3 pay dividends?

AZUL3 has no distributions on record.

Splits, reverse splits and bonus shares
EventLast day to ownRatio
Reverse split04/17/20260.0000066667 for 1
Reverse split02/18/20261 for 75

About Azul

Listing segment
Level 2
Tag along
100.00%
Free float
99.67%
Shares issued
368.56M common
Average daily trading
R$2.3M
Listed since
04/11/2017
CNPJ
09.305.994/0001-29
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
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$19.41 (9.04% on the day), last traded on 09/30/2026.

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

AZUL3 trades at a P/E of 4.41 and a P/B of -1.39.