Azul SA Share Price today - Invest in AZUL Stock | Market Cap, Quote, Returns & More

Apple, Inc AAPL
S&P 500 ETF Trust SPDR SPY
Alphabet Inc. - Class A Shares GOOGL
Microsoft Corporation MSFT
Meta Platforms Inc META
Netflix, Inc. NFLX
Amazon.com Inc. AMZN
Spotify Technology SA SPOT

Price related data not available

Analyst Forecast

Overview Returns Financials Ratios News FAQs

Price related data not available

Returns

Time Frame	AZUL	Sector	S&P500

Financials

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Total Revenue	5.74B	9.98B	15.95B	18.55B	19.53B	[{"date":"2020-12-31","value":29.42,"profit":true},{"date":"2021-12-31","value":51.09,"profit":true},{"date":"2022-12-31","value":81.68,"profit":true},{"date":"2023-12-31","value":95.02,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Cost of Revenue	6.37B	8.17B	12.78B	15.42B	14.38B	[{"date":"2020-12-31","value":41.3,"profit":true},{"date":"2021-12-31","value":52.97,"profit":true},{"date":"2022-12-31","value":82.86,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":93.21,"profit":true}]
Gross Profit	(531.82M)	1.81B	3.17B	3.13B	5.15B	[{"date":"2020-12-31","value":-10.33,"profit":false},{"date":"2021-12-31","value":35.06,"profit":true},{"date":"2022-12-31","value":61.52,"profit":true},{"date":"2023-12-31","value":60.78,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Gross Margin	(9.26%)	18.10%	19.87%	16.87%	26.38%	[{"date":"2020-12-31","value":-35.1,"profit":false},{"date":"2021-12-31","value":68.63,"profit":true},{"date":"2022-12-31","value":75.32,"profit":true},{"date":"2023-12-31","value":63.97,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Operating Expenses	1.56B	1.75B	2.84B	1.47B	1.76B	[{"date":"2020-12-31","value":55,"profit":true},{"date":"2021-12-31","value":61.62,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":51.72,"profit":true},{"date":"2024-12-31","value":61.93,"profit":true}]
Operating Income	(1.40B)	54.80M	1.43B	1.66B	3.39B	[{"date":"2020-12-31","value":-41.26,"profit":false},{"date":"2021-12-31","value":1.62,"profit":true},{"date":"2022-12-31","value":42.16,"profit":true},{"date":"2023-12-31","value":48.99,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Total Non-Operating Income/Expense	(12.09B)	(5.53B)	(6.43B)	(8.81B)	(17.59B)	[{"date":"2020-12-31","value":-1208783300000,"profit":false},{"date":"2021-12-31","value":-552540300000,"profit":false},{"date":"2022-12-31","value":-643272200000,"profit":false},{"date":"2023-12-31","value":-880503500000,"profit":false},{"date":"2024-12-31","value":-1758916200000,"profit":false}]
Pre-Tax Income	(11.08B)	(4.21B)	(722.37M)	(2.34B)	(9.19B)	[{"date":"2020-12-31","value":-1107721400000,"profit":false},{"date":"2021-12-31","value":-421320800000,"profit":false},{"date":"2022-12-31","value":-72236700000,"profit":false},{"date":"2023-12-31","value":-234093000000,"profit":false},{"date":"2024-12-31","value":-919017400000,"profit":false}]
Income Taxes	(242.50M)	3.63B	2.52B	39.53M	(38.80M)	[{"date":"2020-12-31","value":-6.68,"profit":false},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":69.33,"profit":true},{"date":"2023-12-31","value":1.09,"profit":true},{"date":"2024-12-31","value":-1.07,"profit":false}]
Income After Taxes	(10.83B)	(7.84B)	(3.24B)	(2.38B)	(9.15B)	[{"date":"2020-12-31","value":-1083470900000,"profit":false},{"date":"2021-12-31","value":-784120800000,"profit":false},{"date":"2022-12-31","value":-323776700000,"profit":false},{"date":"2023-12-31","value":-238045600000,"profit":false},{"date":"2024-12-31","value":-915137100000,"profit":false}]

Income From Continuous Operations	(10.18B)	823.80M	(1.38B)	(1.22B)	(9.15B)	[{"date":"2020-12-31","value":-1235.7,"profit":false},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":-167.47,"profit":false},{"date":"2023-12-31","value":-148.28,"profit":false},{"date":"2024-12-31","value":-1110.87,"profit":false}]
Income From Discontinued Operations	-	-	-	-	-	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Net Income	(10.83B)	(4.21B)	(722.37M)	(2.38B)	(9.15B)	[{"date":"2020-12-31","value":-1083470900000,"profit":false},{"date":"2021-12-31","value":-421320800000,"profit":false},{"date":"2022-12-31","value":-72236700000,"profit":false},{"date":"2023-12-31","value":-238045600000,"profit":false},{"date":"2024-12-31","value":-915137100000,"profit":false}]

EPS (Diluted)	(1.45)	(2.36)	(3.62)	(2.91)	(2.02)	[{"date":"2020-12-31","value":-145,"profit":false},{"date":"2021-12-31","value":-236,"profit":false},{"date":"2022-12-31","value":-362,"profit":false},{"date":"2023-12-31","value":-291,"profit":false},{"date":"2024-12-31","value":-202,"profit":false}]

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Total Revenue	-	73.67%	59.87%	16.34%	5.24%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":81.27,"profit":true},{"date":"2023-12-31","value":22.18,"profit":true},{"date":"2024-12-31","value":7.11,"profit":true}]
Cost of Revenue	-	28.25%	56.43%	20.69%	(6.79%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":50.07,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":36.67,"profit":true},{"date":"2024-12-31","value":-12.04,"profit":false}]
Gross Profit	-	(439.57%)	75.45%	(1.19%)	64.51%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-582.62,"profit":false},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":-1.57,"profit":false},{"date":"2024-12-31","value":85.51,"profit":true}]
Gross Margin	-	(295.53%)	9.74%	(15.07%)	56.33%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-524.67,"profit":false},{"date":"2022-12-31","value":17.3,"profit":true},{"date":"2023-12-31","value":-26.75,"profit":false},{"date":"2024-12-31","value":100,"profit":true}]

Operating Expenses	-	12.03%	62.28%	(48.28%)	19.75%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":19.32,"profit":true},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":-77.53,"profit":false},{"date":"2024-12-31","value":31.71,"profit":true}]
Operating Income	-	(103.92%)	2508.92%	16.20%	104.12%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-4.14,"profit":false},{"date":"2022-12-31","value":100,"profit":true},{"date":"2023-12-31","value":0.65,"profit":true},{"date":"2024-12-31","value":4.15,"profit":true}]
Total Non-Operating Income/Expense	-	(54.29%)	16.42%	36.88%	99.76%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-54.42,"profit":false},{"date":"2022-12-31","value":16.46,"profit":true},{"date":"2023-12-31","value":36.97,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Pre-Tax Income	-	(61.97%)	(82.85%)	224.06%	292.59%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-21.18,"profit":false},{"date":"2022-12-31","value":-28.32,"profit":false},{"date":"2023-12-31","value":76.58,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Income Taxes	-	(1596.05%)	(30.67%)	(98.43%)	(198.17%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":null,"profit":false},{"date":"2022-12-31","value":null,"profit":false},{"date":"2023-12-31","value":null,"profit":false},{"date":"2024-12-31","value":null,"profit":false}]
Income After Taxes	-	(27.63%)	(58.71%)	(26.48%)	284.44%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-9.71,"profit":false},{"date":"2022-12-31","value":-20.64,"profit":false},{"date":"2023-12-31","value":-9.31,"profit":false},{"date":"2024-12-31","value":100,"profit":true}]

Income From Continuous Operations	-	(108.09%)	(267.47%)	(11.46%)	649.15%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-16.65,"profit":false},{"date":"2022-12-31","value":-41.2,"profit":false},{"date":"2023-12-31","value":-1.76,"profit":false},{"date":"2024-12-31","value":100,"profit":true}]
Income From Discontinued Operations	-	-	-	-	-	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]
Net Income	-	(61.11%)	(82.85%)	229.54%	284.44%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-21.49,"profit":false},{"date":"2022-12-31","value":-29.13,"profit":false},{"date":"2023-12-31","value":80.7,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

EPS (Diluted)	-	62.76%	53.39%	(19.61%)	(30.58%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":85.07,"profit":true},{"date":"2023-12-31","value":-31.25,"profit":false},{"date":"2024-12-31","value":-48.73,"profit":false}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Total Revenue	4.68B	4.17B	5.13B	5.55B	5.39B	[{"date":"2024-03-31","value":84.36,"profit":true},{"date":"2024-06-30","value":75.25,"profit":true},{"date":"2024-09-30","value":92.5,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":97.28,"profit":true}]
Cost of Revenue	3.44B	3.41B	3.47B	3.97B	3.86B	[{"date":"2024-03-31","value":86.63,"profit":true},{"date":"2024-06-30","value":86.08,"profit":true},{"date":"2024-09-30","value":87.49,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":97.4,"profit":true}]
Gross Profit	1.24B	759.61M	1.66B	1.58B	1.53B	[{"date":"2024-03-31","value":74.88,"profit":true},{"date":"2024-06-30","value":45.75,"profit":true},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":95.17,"profit":true},{"date":"2025-03-31","value":92.29,"profit":true}]
Gross Margin	26.58%	18.20%	32.37%	28.50%	28.41%	[{"date":"2024-03-31","value":82.1,"profit":true},{"date":"2024-06-30","value":56.24,"profit":true},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":88.03,"profit":true},{"date":"2025-03-31","value":87.76,"profit":true}]

Operating Expenses	442.58M	318.43M	633.30M	458.71M	961.80M	[{"date":"2024-03-31","value":46.02,"profit":true},{"date":"2024-06-30","value":33.11,"profit":true},{"date":"2024-09-30","value":65.85,"profit":true},{"date":"2024-12-31","value":47.69,"profit":true},{"date":"2025-03-31","value":100,"profit":true}]
Operating Income	800.74M	441.18M	1.03B	1.12B	570.60M	[{"date":"2024-03-31","value":71.4,"profit":true},{"date":"2024-06-30","value":39.34,"profit":true},{"date":"2024-09-30","value":91.59,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":50.88,"profit":true}]
Total Non-Operating Income/Expense	(3.03B)	(5.57B)	(1.86B)	(6.82B)	(2.15B)	[{"date":"2024-03-31","value":-303207800000,"profit":false},{"date":"2024-06-30","value":-556658700000,"profit":false},{"date":"2024-09-30","value":-186000000000,"profit":false},{"date":"2024-12-31","value":-681627700000,"profit":false},{"date":"2025-03-31","value":-214940000000,"profit":false}]
Pre-Tax Income	(1.06B)	(3.84B)	361.00M	(4.41B)	783.10M	[{"date":"2024-03-31","value":-134.99,"profit":false},{"date":"2024-06-30","value":-490.62,"profit":false},{"date":"2024-09-30","value":46.1,"profit":true},{"date":"2024-12-31","value":-563.52,"profit":false},{"date":"2025-03-31","value":100,"profit":true}]
Income Taxes	(6.78M)	(32.46M)	700.00K	250.00K	(250.00K)	[{"date":"2024-03-31","value":-968.57,"profit":false},{"date":"2024-06-30","value":-4636.86,"profit":false},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":35.71,"profit":true},{"date":"2025-03-31","value":-35.71,"profit":false}]
Income After Taxes	(1.05B)	(3.81B)	360.30M	(4.41B)	783.35M	[{"date":"2024-03-31","value":-134.08,"profit":false},{"date":"2024-06-30","value":-486.32,"profit":false},{"date":"2024-09-30","value":45.99,"profit":true},{"date":"2024-12-31","value":-563.37,"profit":false},{"date":"2025-03-31","value":100,"profit":true}]

Income From Continuous Operations	(1.05B)	(3.81B)	360.30M	(4.41B)	783.10M	[{"date":"2024-03-31","value":-134.12,"profit":false},{"date":"2024-06-30","value":-486.48,"profit":false},{"date":"2024-09-30","value":46.01,"profit":true},{"date":"2024-12-31","value":-563.48,"profit":false},{"date":"2025-03-31","value":100,"profit":true}]
Income From Discontinued Operations	-	-	-	-	-	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":"-","profit":true},{"date":"2024-09-30","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-03-31","value":"-","profit":true}]
Net Income	(1.05B)	(3.81B)	360.30M	(4.41B)	783.10M	[{"date":"2024-03-31","value":-134.12,"profit":false},{"date":"2024-06-30","value":-486.48,"profit":false},{"date":"2024-09-30","value":46.01,"profit":true},{"date":"2024-12-31","value":-563.48,"profit":false},{"date":"2025-03-31","value":100,"profit":true}]

EPS (Diluted)	(0.56)	(1.23)	(0.32)	0.09	(2.18)	[{"date":"2024-03-31","value":-622.22,"profit":false},{"date":"2024-06-30","value":-1366.67,"profit":false},{"date":"2024-09-30","value":-355.56,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-2422.22,"profit":false}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Total Revenue	-	(10.81%)	22.93%	8.11%	(2.72%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-47.13,"profit":false},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":35.35,"profit":true},{"date":"2025-03-31","value":-11.88,"profit":false}]
Cost of Revenue	-	(0.64%)	1.64%	14.30%	(2.60%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-4.47,"profit":false},{"date":"2024-09-30","value":11.47,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-18.2,"profit":false}]
Gross Profit	-	(38.90%)	118.60%	(4.83%)	(3.03%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-32.8,"profit":false},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":-4.07,"profit":false},{"date":"2025-03-31","value":-2.55,"profit":false}]
Gross Margin	-	(31.50%)	77.82%	(11.97%)	(0.31%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-40.48,"profit":false},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":-15.38,"profit":false},{"date":"2025-03-31","value":-0.4,"profit":false}]

Operating Expenses	-	(28.05%)	98.88%	(27.57%)	109.67%	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-25.58,"profit":false},{"date":"2024-09-30","value":90.16,"profit":true},{"date":"2024-12-31","value":-25.14,"profit":false},{"date":"2025-03-31","value":100,"profit":true}]
Operating Income	-	(44.90%)	132.83%	9.18%	(49.12%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-33.8,"profit":false},{"date":"2024-09-30","value":100,"profit":true},{"date":"2024-12-31","value":6.91,"profit":true},{"date":"2025-03-31","value":-36.98,"profit":false}]
Total Non-Operating Income/Expense	-	83.59%	(66.59%)	266.47%	(68.47%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":31.37,"profit":true},{"date":"2024-09-30","value":-24.99,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-25.69,"profit":false}]
Pre-Tax Income	-	263.46%	(109.40%)	(1322.41%)	(117.75%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-41.52,"profit":false},{"date":"2024-12-31","value":-501.93,"profit":false},{"date":"2025-03-31","value":-44.69,"profit":false}]
Income Taxes	-	378.73%	(102.16%)	(64.29%)	(200.00%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-26.97,"profit":false},{"date":"2024-12-31","value":-16.97,"profit":false},{"date":"2025-03-31","value":-52.81,"profit":false}]
Income After Taxes	-	262.72%	(109.46%)	(1324.85%)	(117.75%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-41.66,"profit":false},{"date":"2024-12-31","value":-504.29,"profit":false},{"date":"2025-03-31","value":-44.82,"profit":false}]

Income From Continuous Operations	-	262.72%	(109.46%)	(1324.71%)	(117.75%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-41.66,"profit":false},{"date":"2024-12-31","value":-504.23,"profit":false},{"date":"2025-03-31","value":-44.82,"profit":false}]
Income From Discontinued Operations	-	-	-	-	-	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":"-","profit":true},{"date":"2024-09-30","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-03-31","value":"-","profit":true}]
Net Income	-	262.72%	(109.46%)	(1324.71%)	(117.75%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-41.66,"profit":false},{"date":"2024-12-31","value":-504.23,"profit":false},{"date":"2025-03-31","value":-44.82,"profit":false}]

EPS (Diluted)	-	119.64%	(73.98%)	(128.13%)	(2522.22%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-61.84,"profit":false},{"date":"2024-12-31","value":-107.09,"profit":false},{"date":"2025-03-31","value":-2108.13,"profit":false}]

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Total Assets
Current Assets	5.42B	5.85B	4.87B	5.04B	5.66B	[{"date":"2020-12-31","value":92.66,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":83.33,"profit":true},{"date":"2023-12-31","value":86.28,"profit":true},{"date":"2024-12-31","value":96.78,"profit":true}]
Non-current Assets	10.38B	12.69B	13.85B	15.49B	20.62B	[{"date":"2020-12-31","value":50.33,"profit":true},{"date":"2021-12-31","value":61.54,"profit":true},{"date":"2022-12-31","value":67.17,"profit":true},{"date":"2023-12-31","value":75.13,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Total Assets	15.79B	18.53B	18.72B	20.53B	26.27B	[{"date":"2020-12-31","value":60.11,"profit":true},{"date":"2021-12-31","value":70.54,"profit":true},{"date":"2022-12-31","value":71.25,"profit":true},{"date":"2023-12-31","value":78.15,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Total Liabilities
Current Liabilities	10.21B	11.71B	15.06B	14.75B	21.34B	[{"date":"2020-12-31","value":47.85,"profit":true},{"date":"2021-12-31","value":54.87,"profit":true},{"date":"2022-12-31","value":70.55,"profit":true},{"date":"2023-12-31","value":69.11,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Non-current Liabilities	19.73B	25.16B	22.67B	27.11B	35.37B	[{"date":"2020-12-31","value":55.79,"profit":true},{"date":"2021-12-31","value":71.13,"profit":true},{"date":"2022-12-31","value":64.11,"profit":true},{"date":"2023-12-31","value":76.66,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Total Liabilities	29.94B	36.87B	37.73B	41.86B	56.71B	[{"date":"2020-12-31","value":52.8,"profit":true},{"date":"2021-12-31","value":65.01,"profit":true},{"date":"2022-12-31","value":66.53,"profit":true},{"date":"2023-12-31","value":73.82,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Total Shareholders' equity
Common Stock	2.25B	2.29B	2.31B	2.31B	2.32B	[{"date":"2020-12-31","value":97.01,"profit":true},{"date":"2021-12-31","value":98.93,"profit":true},{"date":"2022-12-31","value":99.93,"profit":true},{"date":"2023-12-31","value":99.97,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Retained Earnings	(18.35B)	(22.56B)	(23.29B)	(25.67B)	(34.82B)	[{"date":"2020-12-31","value":-1835110200000,"profit":false},{"date":"2021-12-31","value":-2256431000000,"profit":false},{"date":"2022-12-31","value":-2328667700000,"profit":false},{"date":"2023-12-31","value":-2566713300000,"profit":false},{"date":"2024-12-31","value":-3481850400000,"profit":false}]
Other Stockholders' Equity	7.44M	(11.84M)	(10.14M)	(8.25M)	(4.33M)	[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":-159.06,"profit":false},{"date":"2022-12-31","value":-136.28,"profit":false},{"date":"2023-12-31","value":-110.87,"profit":false},{"date":"2024-12-31","value":-58.23,"profit":false}]
Total Shareholders' equity	(14.15B)	(18.33B)	(19.01B)	(21.33B)	(30.44B)	[{"date":"2020-12-31","value":-1414875000000,"profit":false},{"date":"2021-12-31","value":-1833300300000,"profit":false},{"date":"2022-12-31","value":-1900750000000,"profit":false},{"date":"2023-12-31","value":-2132784800000,"profit":false},{"date":"2024-12-31","value":-3043527000000,"profit":false}]

Total Liabilities & Shareholders Equity	15.79B	18.53B	18.72B	20.53B	26.27B	[{"date":"2020-12-31","value":60.11,"profit":true},{"date":"2021-12-31","value":70.54,"profit":true},{"date":"2022-12-31","value":71.25,"profit":true},{"date":"2023-12-31","value":78.15,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Total Assets
Current Assets	-	7.92%	(16.67%)	3.53%	12.17%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":65.06,"profit":true},{"date":"2022-12-31","value":-136.95,"profit":false},{"date":"2023-12-31","value":29.04,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Non-current Assets	-	22.26%	9.16%	11.84%	33.11%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":67.24,"profit":true},{"date":"2022-12-31","value":27.67,"profit":true},{"date":"2023-12-31","value":35.75,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Total Assets	-	17.34%	1.01%	9.68%	27.97%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":62.01,"profit":true},{"date":"2022-12-31","value":3.62,"profit":true},{"date":"2023-12-31","value":34.6,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Total Liabilities
Current Liabilities	-	14.66%	28.57%	(2.04%)	44.70%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":32.8,"profit":true},{"date":"2022-12-31","value":63.91,"profit":true},{"date":"2023-12-31","value":-4.56,"profit":false},{"date":"2024-12-31","value":100,"profit":true}]
Non-current Liabilities	-	27.50%	(9.87%)	19.58%	30.45%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":90.3,"profit":true},{"date":"2022-12-31","value":-32.42,"profit":false},{"date":"2023-12-31","value":64.3,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Total Liabilities	-	23.12%	2.34%	10.95%	35.47%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":65.18,"profit":true},{"date":"2022-12-31","value":6.59,"profit":true},{"date":"2023-12-31","value":30.87,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Total Shareholders' equity
Common Stock	-	1.98%	1.01%	0.04%	0.03%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":50.81,"profit":true},{"date":"2023-12-31","value":1.92,"profit":true},{"date":"2024-12-31","value":1.76,"profit":true}]
Retained Earnings	-	22.96%	3.20%	10.22%	35.65%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":64.39,"profit":true},{"date":"2022-12-31","value":8.98,"profit":true},{"date":"2023-12-31","value":28.67,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]
Other Stockholders' Equity	-	(259.06%)	(14.33%)	(18.64%)	(47.48%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":null,"profit":false},{"date":"2022-12-31","value":null,"profit":false},{"date":"2023-12-31","value":null,"profit":false},{"date":"2024-12-31","value":null,"profit":false}]
Total Shareholders' equity	-	29.57%	3.68%	12.21%	42.70%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":69.26,"profit":true},{"date":"2022-12-31","value":8.62,"profit":true},{"date":"2023-12-31","value":28.59,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

Total Liabilities & Shareholders Equity	-	17.34%	1.01%	9.68%	27.97%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":62.01,"profit":true},{"date":"2022-12-31","value":3.62,"profit":true},{"date":"2023-12-31","value":34.6,"profit":true},{"date":"2024-12-31","value":100,"profit":true}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Total Assets
Current Assets	4.86B	4.95B	5.01B	5.66B	5.96B	[{"date":"2024-03-31","value":81.58,"profit":true},{"date":"2024-06-30","value":83.12,"profit":true},{"date":"2024-09-30","value":84.07,"profit":true},{"date":"2024-12-31","value":94.92,"profit":true},{"date":"2025-03-31","value":100,"profit":true}]
Non-current Assets	16.03B	17.88B	18.39B	20.62B	19.59B	[{"date":"2024-03-31","value":77.76,"profit":true},{"date":"2024-06-30","value":86.71,"profit":true},{"date":"2024-09-30","value":89.21,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":95.01,"profit":true}]
Total Assets	20.90B	22.83B	23.40B	26.27B	25.55B	[{"date":"2024-03-31","value":79.53,"profit":true},{"date":"2024-06-30","value":86.89,"profit":true},{"date":"2024-09-30","value":89.07,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":97.24,"profit":true}]

Total Liabilities
Current Liabilities	14.41B	17.40B	18.52B	21.34B	17.02B	[{"date":"2024-03-31","value":67.53,"profit":true},{"date":"2024-06-30","value":81.55,"profit":true},{"date":"2024-09-30","value":86.78,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":79.75,"profit":true}]
Non-current Liabilities	28.85B	31.59B	30.92B	35.37B	36.98B	[{"date":"2024-03-31","value":78.03,"profit":true},{"date":"2024-06-30","value":85.44,"profit":true},{"date":"2024-09-30","value":83.61,"profit":true},{"date":"2024-12-31","value":95.65,"profit":true},{"date":"2025-03-31","value":100,"profit":true}]
Total Liabilities	43.26B	49.00B	49.44B	56.71B	54.00B	[{"date":"2024-03-31","value":76.29,"profit":true},{"date":"2024-06-30","value":86.4,"profit":true},{"date":"2024-09-30","value":87.18,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":95.22,"profit":true}]

Total Shareholders' equity
Common Stock	2.32B	2.32B	2.32B	2.32B	5.40B	[{"date":"2024-03-31","value":42.91,"profit":true},{"date":"2024-06-30","value":42.91,"profit":true},{"date":"2024-09-30","value":42.91,"profit":true},{"date":"2024-12-31","value":42.91,"profit":true},{"date":"2025-03-31","value":100,"profit":true}]
Retained Earnings	(26.72B)	(30.53B)	(30.41B)	(34.82B)	(33.16B)	[{"date":"2024-03-31","value":-2671742800000,"profit":false},{"date":"2024-06-30","value":-3052704000000,"profit":false},{"date":"2024-09-30","value":-3040585700000,"profit":false},{"date":"2024-12-31","value":-3481850400000,"profit":false},{"date":"2025-03-31","value":-3316490000000,"profit":false}]
Other Stockholders' Equity	(11.55M)	(11.57M)	(4.30M)	(4.33M)	(2.50M)	[{"date":"2024-03-31","value":-1155000000,"profit":false},{"date":"2024-06-30","value":-1156800000,"profit":false},{"date":"2024-09-30","value":-430000000,"profit":false},{"date":"2024-12-31","value":-433399900,"profit":false},{"date":"2025-03-31","value":-250000000,"profit":false}]
Total Shareholders' equity	(22.37B)	(26.17B)	(26.04B)	(30.44B)	(28.45B)	[{"date":"2024-03-31","value":-2236842800000,"profit":false},{"date":"2024-06-30","value":-2616656600000,"profit":false},{"date":"2024-09-30","value":-2603599500000,"profit":false},{"date":"2024-12-31","value":-3043527000000,"profit":false},{"date":"2025-03-31","value":-2845110000000,"profit":false}]

Total Liabilities & Shareholders Equity	20.90B	22.83B	23.40B	26.27B	25.55B	[{"date":"2024-03-31","value":79.53,"profit":true},{"date":"2024-06-30","value":86.89,"profit":true},{"date":"2024-09-30","value":89.07,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":97.24,"profit":true}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Total Assets
Current Assets	-	1.88%	1.14%	12.91%	5.35%	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":14.55,"profit":true},{"date":"2024-09-30","value":8.86,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":41.47,"profit":true}]
Non-current Assets	-	11.50%	2.89%	12.09%	(4.99%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":95.12,"profit":true},{"date":"2024-09-30","value":23.89,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-41.28,"profit":false}]
Total Assets	-	9.26%	2.51%	12.27%	(2.76%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":75.51,"profit":true},{"date":"2024-09-30","value":20.46,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-22.53,"profit":false}]

Total Liabilities
Current Liabilities	-	20.76%	6.43%	15.23%	(20.25%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":30.95,"profit":true},{"date":"2024-12-31","value":73.35,"profit":true},{"date":"2025-03-31","value":-97.52,"profit":false}]
Non-current Liabilities	-	9.50%	(2.14%)	14.39%	4.55%	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":66.03,"profit":true},{"date":"2024-09-30","value":-14.86,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":31.64,"profit":true}]
Total Liabilities	-	13.25%	0.90%	14.70%	(4.78%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":90.12,"profit":true},{"date":"2024-09-30","value":6.14,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-32.5,"profit":false}]

Total Shareholders' equity
Common Stock	-	0.00%	-	-	133.05%	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":"-","profit":true},{"date":"2024-09-30","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-03-31","value":100,"profit":true}]
Retained Earnings	-	14.26%	(0.40%)	14.51%	(4.75%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":98.25,"profit":true},{"date":"2024-09-30","value":-2.74,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-32.72,"profit":false}]
Other Stockholders' Equity	-	0.16%	(62.83%)	0.79%	(42.32%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":19.71,"profit":true},{"date":"2024-09-30","value":-7946.19,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-5351.96,"profit":false}]
Total Shareholders' equity	-	16.98%	(0.50%)	16.90%	(6.52%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":-2.94,"profit":false},{"date":"2024-12-31","value":99.51,"profit":true},{"date":"2025-03-31","value":-38.39,"profit":false}]

Total Liabilities & Shareholders Equity	-	9.26%	2.51%	12.27%	(2.76%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":75.51,"profit":true},{"date":"2024-09-30","value":20.46,"profit":true},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-22.53,"profit":false}]

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Operating Activities
Net Operating Cash Flow	976.23M	(310.60M)	2.44B	3.44B	2.79B	[{"date":"2020-12-31","value":28.38,"profit":true},{"date":"2021-12-31","value":-9.03,"profit":false},{"date":"2022-12-31","value":70.86,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":81.03,"profit":true}]

Investing Activities
Net Investing Cash Flow	(403.83M)	(706.15M)	(639.85M)	-	-	[{"date":"2020-12-31","value":-40383300000,"profit":false},{"date":"2021-12-31","value":-70614600000,"profit":false},{"date":"2022-12-31","value":-63985200000,"profit":false},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]

Financing Activities
Net Financing Cash Flow	933.51M	833.89M	(4.20B)	(1.39B)	(1.92B)	[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":89.33,"profit":true},{"date":"2022-12-31","value":-450.3,"profit":false},{"date":"2023-12-31","value":-149.22,"profit":false},{"date":"2024-12-31","value":-205.69,"profit":false}]

Net Change in Cash	1.42B	9.00M	(2.41B)	1.23B	(687.33M)	[{"date":"2020-12-31","value":100,"profit":true},{"date":"2021-12-31","value":0.64,"profit":true},{"date":"2022-12-31","value":-169.76,"profit":false},{"date":"2023-12-31","value":86.74,"profit":true},{"date":"2024-12-31","value":-48.51,"profit":false}]

Free Cash Flow
Free Cash Flow	633.16M	(1.09B)	986.26M	2.64B	1.53B	[{"date":"2020-12-31","value":24.02,"profit":true},{"date":"2021-12-31","value":-41.25,"profit":false},{"date":"2022-12-31","value":37.41,"profit":true},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":57.97,"profit":true}]

	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	5YR TREND
Operating Activities
Net Operating Cash Flow	-	(131.82%)	(884.71%)	41.13%	(18.97%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-320.52,"profit":false},{"date":"2022-12-31","value":-2151.21,"profit":false},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":-46.14,"profit":false}]

Investing Activities
Net Investing Cash Flow	-	74.86%	(9.39%)	-	-	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":-12.54,"profit":false},{"date":"2023-12-31","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true}]

Financing Activities
Net Financing Cash Flow	-	(10.67%)	(604.09%)	(66.86%)	37.85%	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-28.2,"profit":false},{"date":"2022-12-31","value":-1596.21,"profit":false},{"date":"2023-12-31","value":-176.67,"profit":false},{"date":"2024-12-31","value":100,"profit":true}]

Net Change in Cash	-	(99.36%)	(26827.23%)	(151.09%)	(155.93%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":null,"profit":false},{"date":"2022-12-31","value":null,"profit":false},{"date":"2023-12-31","value":null,"profit":false},{"date":"2024-12-31","value":null,"profit":false}]

Free Cash Flow
Free Cash Flow	-	(271.74%)	(190.70%)	167.31%	(42.03%)	[{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-162.42,"profit":false},{"date":"2022-12-31","value":-113.98,"profit":false},{"date":"2023-12-31","value":100,"profit":true},{"date":"2024-12-31","value":-25.12,"profit":false}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Operating Activities
Net Operating Cash Flow	(63.19M)	1.18B	693.81M	978.30M	(313.20M)	[{"date":"2024-03-31","value":-5.36,"profit":false},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":58.89,"profit":true},{"date":"2024-12-31","value":83.04,"profit":true},{"date":"2025-03-31","value":-26.59,"profit":false}]

Investing Activities
Net Investing Cash Flow	-	-	-	-	-	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":"-","profit":true},{"date":"2024-09-30","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-03-31","value":"-","profit":true}]

Financing Activities
Net Financing Cash Flow	(59.44M)	(668.27M)	(817.58M)	(374.82M)	(176.80M)	[{"date":"2024-03-31","value":-5943700000,"profit":false},{"date":"2024-06-30","value":-66827200000,"profit":false},{"date":"2024-09-30","value":-81757600000,"profit":false},{"date":"2024-12-31","value":-37482400000,"profit":false},{"date":"2025-03-31","value":-17680000000,"profit":false}]

Net Change in Cash	(559.73M)	101.97M	(357.43M)	127.85M	(749.30M)	[{"date":"2024-03-31","value":-437.79,"profit":false},{"date":"2024-06-30","value":79.76,"profit":true},{"date":"2024-09-30","value":-279.56,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-586.06,"profit":false}]

Free Cash Flow
Free Cash Flow	(480.56M)	922.14M	446.32M	598.53M	(457.50M)	[{"date":"2024-03-31","value":-52.11,"profit":false},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":48.4,"profit":true},{"date":"2024-12-31","value":64.91,"profit":true},{"date":"2025-03-31","value":-49.61,"profit":false}]

	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	TREND
Operating Activities
Net Operating Cash Flow	-	(1964.41%)	(41.11%)	41.01%	(132.01%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-4790.64,"profit":false},{"date":"2024-09-30","value":-100.25,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-321.95,"profit":false}]

Investing Activities
Net Investing Cash Flow	-	-	-	-	-	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":"-","profit":true},{"date":"2024-09-30","value":"-","profit":true},{"date":"2024-12-31","value":"-","profit":true},{"date":"2025-03-31","value":"-","profit":true}]

Financing Activities
Net Financing Cash Flow	-	1024.34%	22.34%	(54.15%)	(52.83%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":100,"profit":true},{"date":"2024-09-30","value":2.18,"profit":true},{"date":"2024-12-31","value":-5.29,"profit":false},{"date":"2025-03-31","value":-5.16,"profit":false}]

Net Change in Cash	-	(118.22%)	(450.50%)	(135.77%)	(686.06%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":null,"profit":false},{"date":"2024-09-30","value":null,"profit":false},{"date":"2024-12-31","value":null,"profit":false},{"date":"2025-03-31","value":null,"profit":false}]

Free Cash Flow
Free Cash Flow	-	(291.89%)	(51.60%)	34.10%	(176.44%)	[{"date":"2024-03-31","value":"-","profit":true},{"date":"2024-06-30","value":-855.89,"profit":false},{"date":"2024-09-30","value":-151.3,"profit":false},{"date":"2024-12-31","value":100,"profit":true},{"date":"2025-03-31","value":-517.35,"profit":false}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

	AZUL
Cash Ratio	0.09
Current Ratio	0.35
Quick Ratio	0.29

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.