Azul SA (AZUL)
Every figure this model derived for AZUL, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2025-12-31.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| capex | 198,415,000 | PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities |
2025-12-31 |
| cash | 991,644,000 | CashAndCashEquivalents |
2025-12-31 |
| current assets | 6,303,526,000 | CurrentAssets |
2025-12-31 |
| current liabilities | 29,473,151,000 | CurrentLiabilities |
2025-12-31 |
| equity | -29,038,062,000 | Equity |
2025-12-31 |
| interest expense | 10,295,119,000 | FinanceCosts |
2025-12-31 |
| ocf | -1,232,522,000 | CashFlowsFromUsedInOperatingActivities |
2025-12-31 |
| revenue | 21,640,393,000 | Revenue |
2025-12-31 |
| sbc | 70,779,000 | AdjustmentsForSharebasedPayments |
2025-12-31 |
The ratios
The figures themselves rather than their scores — what somebody looking up AZUL on one particular measure came for.
| Ratio | Value |
|---|---|
| cash operating margin | 34.22 |
| current ratio | 0.21 |
| current ratio reported | 0.21 |
| ebit cagr | 198.0 |
| ebit yoy | 27.45 |
| fcf margin | -6.61 |
| growth cv | 0.84 |
| interest cover | 0.42 |
| net debt ebitda | 4.74 |
| operating margin | 19.97 |
| owner earnings margin | -6.94 |
| revenue growth | 10.83 |
| revenue growth per share | 10.83 |
| roic | 59.47 |
| rule of 40 | 30.8 |
| sbc pct revenue | 0.33 |
Everything else this filing tags
273 more elements from AZUL's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
RetainedEarnings | -34,693,646,000 | 2025-12-31 | 23 | BRL |
GrossLeaseLiabilities | 26,789,197,000 | 2022-12-31 | 2 | BRL |
UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised | 25,846,911,000 | 2025-12-31 | 29 | BRL |
Assets | 23,637,914,000 | 2025-12-31 | 23 | BRL |
EquityAndLiabilities | 23,637,914,000 | 2025-12-31 | 23 | BRL |
NoncurrentLiabilities | 23,202,825,000 | 2025-12-31 | 23 | BRL |
CurrentAssetsLiabilities | -23,169,625,000 | 2025-12-31 | 22 | BRL |
Borrowings | 23,059,604,000 | 2025-12-31 | 29 | BRL |
RevenueFromContractsWithCustomers | 21,783,874,000 | 2025-12-31 | 29 | BRL |
ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment | 20,453,154,000 | 2024-12-31 | 10 | BRL |
RevenueFromRenderingOfPassengerTransportServices | 19,997,726,000 | 2025-12-31 | 24 | BRL |
NoncurrentAssets | 17,334,388,000 | 2025-12-31 | 23 | BRL |
OperatingExpense | 17,318,923,000 | 2025-12-31 | 32 | BRL |
NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement | 16,927,699,000 | 2025-12-31 | 10 | share |
NetDebt | 15,557,293,000 | 2020-12-31 | 10 | BRL |
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings | 13,783,259,000 | 2025-12-31 | 30 | BRL |
LeaseLiabilities | 12,711,063,000 | 2025-12-31 | 19 | BRL |
MinimumLeasePaymentsPayableUnderNoncancellableOperatingLease | 10,451,183,000 | 2018-12-31 | 6 | BRL |
RightofuseAssets | 10,125,024,000 | 2025-12-31 | 14 | BRL |
NumberOfOutstandingShareOptions | 9,470,792,000 | 2025-12-31 | 15 | share |
NoncurrentLeaseLiabilities | 9,357,562,000 | 2025-12-31 | 20 | BRL |
LongtermBorrowings | 9,276,345,000 | 2025-12-31 | 30 | BRL |
DeferredTaxLiabilityAsset | 8,787,950,000 | 2025-12-31 | 13 | BRL |
IncreaseDecreaseInWorkingCapital | -7,485,348,000 | 2025-12-31 | 13 | BRL |
ProceedsFromBorrowingsClassifiedAsFinancingActivities | 7,423,172,000 | 2025-12-31 | 31 | BRL |
IssuedCapital | 7,131,859,000 | 2025-12-31 | 25 | BRL |
FuelExpense | 5,710,291,000 | 2025-12-31 | 32 | BRL |
TradeAndOtherPayables | 4,879,744,000 | 2025-12-31 | 14 | BRL |
IncreaseDecreaseThroughOtherContributionsByOwners | 4,745,197,000 | 2025-12-31 | 1 | BRL |
ProfitLossFromOperatingActivities | 4,321,470,000 | 2025-12-31 | 32 | BRL |
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss | 4,207,915,000 | 2025-12-31 | 33 | BRL |
FinanceIncomeCost | -4,196,600,000 | 2025-12-31 | 31 | BRL |
AdjustmentsForUnrealisedForeignExchangeLossesGains | -4,178,793,000 | 2025-12-31 | 32 | BRL |
NonoperatingIncomeExpense | -4,002,024,000 | 2023-12-31 | 3 | BRL |
TradeAndOtherCurrentPayables | 3,931,201,000 | 2025-12-31 | 23 | BRL |
EquityAttributableToOwnersOfParent | -3,519,174,000 | 2019-12-31 | 2 | BRL |
CurrentLeaseLiabilities | 3,353,501,000 | 2025-12-31 | 20 | BRL |
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities | 3,054,270,000 | 2025-12-31 | 18 | BRL |
AdjustmentsForDepreciationAndAmortisationExpense | 3,013,375,000 | 2025-12-31 | 32 | BRL |
DepreciationAndAmortisationExpense | 3,013,375,000 | 2025-12-31 | 32 | BRL |
OtherOperatingIncomeExpense | -2,874,606,000 | 2025-12-31 | 32 | BRL |
TaxEffectOfTaxLosses | 2,857,978,000 | 2024-12-31 | 18 | BRL |
IncreaseDecreaseThroughModificationOfContractualCashFlowsExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts | 2,830,356,000 | 2025-12-31 | 21 | BRL |
LoansPayableInDefault | 2,825,749,000 | 2019-12-31 | 2 | BRL |
LoansReceived | 2,825,749,000 | 2019-12-31 | 8 | BRL |
InterestCostsIncurred | 2,791,669,000 | 2025-12-31 | 14 | BRL |
InterestExpenseOnBankLoansAndOverdrafts | 2,791,669,000 | 2025-12-31 | 31 | BRL |
PropertyPlantAndEquipment | 2,772,299,000 | 2025-12-31 | 23 | BRL |
TradeAndOtherReceivables | 2,752,194,000 | 2025-12-31 | 2 | BRL |
TradeAndOtherCurrentReceivables | 2,722,742,000 | 2025-12-31 | 23 | BRL |
EmployeeBenefitsExpense | 2,693,363,000 | 2025-12-31 | 32 | BRL |
InterestExpenseOnLeaseLiabilities | 2,675,913,000 | 2025-12-31 | 18 | BRL |
NoncurrentPortionOfNoncurrentLoansReceived | 2,592,262,000 | 2019-12-31 | 8 | BRL |
AccountingProfit | -2,536,265,000 | 2019-12-31 | 10 | BRL |
LongtermDeposits | 2,377,624,000 | 2025-12-31 | 26 | BRL |
RepaymentsOfBorrowingsClassifiedAsFinancingActivities | 2,277,964,000 | 2025-12-31 | 32 | BRL |
PropertyPlantAndEquipmentPledgedAsSecurity | 2,274,500,000 | 2018-03-31 | 4 | BRL |
ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment | 2,032,207,000 | 2019-12-31 | 4 | BRL |
Provisions | 1,774,675,000 | 2025-12-31 | 21 | BRL |
CashFlowsFromUsedInFinancingActivities | 1,708,927,000 | 2025-12-31 | 32 | BRL |
NotionalAmount | 1,661,441,000 | 2025-04-25 | 1 | BRL |
RevenueFromRenderingOfCargoAndMailTransportServices | 1,642,667,000 | 2025-12-31 | 21 | BRL |
TradeAndOtherPayablesToTradeSuppliers | 1,626,577,000 | 2019-12-31 | 2 | BRL |
IntangibleAssetsAndGoodwill | 1,536,000,000 | 2025-12-31 | 30 | BRL |
RentalExpense | 1,509,947,000 | 2018-12-31 | 8 | BRL |
LeasesAsLessorRelatedPartyTransactions | 1,508,054,000 | 2025-12-31 | 1 | BRL |
InterestPaidClassifiedAsOperatingActivities | 1,486,732,000 | 2025-12-31 | 32 | BRL |
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets | 1,451,057,000 | 2022-12-31 | 1 | BRL |
LeaseAndSubleasePaymentsRecognisedAsExpense | 1,417,897,000 | 2018-12-31 | 7 | BRL |
CapitalReserve | -1,408,711,000 | 2025-12-31 | 23 | BRL |
NoncurrentProvisions | 1,400,534,000 | 2025-12-31 | 17 | BRL |
FinancialAssetsAtFairValue | 1,397,699,000 | 2019-12-31 | 2 | BRL |
ChangesInEquity | 1,397,208,000 | 2025-12-31 | 12 | BRL |
CorporateDebtInstrumentsHeld | 1,287,781,000 | 2018-12-31 | 6 | BRL |
ProceedsFromIssuingShares | 1,231,300,000 | 2017-12-31 | 5 | BRL |
CurrentTradeReceivables | 1,180,582,000 | 2019-12-31 | 6 | BRL |
OtherLiabilities | 1,130,897,000 | 2025-12-31 | 2 | BRL |
AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables | -1,041,466,000 | 2025-12-31 | 32 | BRL |
AdjustmentsForProvisions | 1,035,676,000 | 2025-12-31 | 24 | BRL |
DepreciationRightofuseAssets | 1,034,823,000 | 2019-12-31 | 3 | BRL |
OtherNoncurrentLiabilities | 1,006,858,000 | 2025-12-31 | 23 | BRL |
SpareParts | 1,000,881,000 | 2025-12-31 | 20 | BRL |
MinimumFinanceLeasePaymentsPayable | 988,265,000 | 2018-12-31 | 6 | BRL |
GainLossOnHedgeIneffectiveness | 986,521,000 | 2025-12-31 | 24 | BRL |
GainsLossesOnChangeInFairValueOfDerivatives | 986,521,000 | 2025-12-31 | 32 | BRL |
TradingIncomeExpenseOnDerivativeFinancialInstruments | 986,521,000 | 2025-12-31 | 31 | BRL |
Inventories | 972,532,000 | 2025-12-31 | 23 | BRL |
OtherAssets | 955,769,000 | 2025-12-31 | 4 | BRL |
MinimumFinanceLeasePaymentsPayableAtPresentValue | 952,277,000 | 2018-12-31 | 6 | BRL |
NoncurrentPayables | 948,543,000 | 2025-12-31 | 14 | BRL |
SalesAndMarketingExpense | 915,442,000 | 2025-12-31 | 32 | BRL |
FinanceIncome | 904,083,000 | 2025-12-31 | 32 | BRL |
DerivativeFinancialAssets | 825,924,000 | 2019-12-31 | 8 | BRL |
RepairsAndMaintenanceExpense | 824,058,000 | 2025-12-31 | 32 | BRL |
Goodwill | 810,948,000 | 2020-12-31 | 1 | BRL |
AdjustmentsForIncreaseDecreaseInTradeAccountPayable | -796,177,000 | 2025-12-31 | 32 | BRL |
NoncurrentHeldtomaturityInvestments | 780,312,000 | 2023-12-31 | 13 | BRL |
NoncurrentFinanceLeaseLiabilities | 773,694,000 | 2018-12-31 | 6 | BRL |
BorrowingCostsRecognisedAsExpense | 722,718,000 | 2025-12-31 | 21 | BRL |
ProceedsFromIssueOfBondsNotesAndDebentures | 700,000,000 | 2018-12-31 | 8 | BRL |
NotesAndDebenturesIssued | 692,407,000 | 2019-12-31 | 8 | BRL |
PurchaseOfOtherLongtermAssetsClassifiedAsInvestingActivities | 628,293,000 | 2022-12-31 | 2 | BRL |
AdditionalProvisionsOtherProvisions | 589,123,000 | 2024-12-31 | 20 | BRL |
OtherReversalsOfProvisions | 586,634,000 | 2022-12-31 | 3 | BRL |
CashFlowsFromUsedInInvestingActivities | -573,380,000 | 2025-12-31 | 32 | BRL |
CurrentProvisionsForEmployeeBenefits | 533,713,000 | 2025-12-31 | 23 | BRL |
NotionalAmount | 525,000,000 | 2025-01-31 | 1 | USD |
CurrentAssetsOtherThanAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners | 515,692,000 | 2023-12-31 | 10 | BRL |
OtherCurrentAssets | 508,289,000 | 2025-12-31 | 23 | BRL |
Prepayments | 501,891,000 | 2022-12-31 | 11 | BRL |
ProvisionUsedOtherProvisions | 497,844,000 | 2020-12-31 | 11 | BRL |
NumberOfSharesIssued | 464,089,849 | 2025-04-25 | 3 | shares |
IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions | -448,254,000 | 2025-12-31 | 16 | BRL |
OtherNoncurrentAssets | 447,480,000 | 2025-12-31 | 23 | BRL |
NoncurrentPortionOfNoncurrentNotesAndDebenturesIssued | 444,667,000 | 2019-12-31 | 7 | BRL |
FinancialLiabilities | 440,994,000 | 2018-12-31 | 2 | BRL |
FinancialLiabilitiesAtFairValue | 440,994,000 | 2018-12-31 | 2 | BRL |
ShorttermDepositsNotClassifiedAsCashEquivalents | 410,912,000 | 2021-12-31 | 3 | BRL |
TradingIncomeExpenseOnForeignExchangeContracts | -391,905,000 | 2019-12-31 | 10 | BRL |
AdjustmentsForDecreaseIncreaseInOtherAssets | -390,573,000 | 2025-12-31 | 32 | BRL |
CurrentProvisions | 374,141,000 | 2025-12-31 | 16 | BRL |
CurrentAdvancesToSuppliers | 371,594,000 | 2025-12-31 | 12 | BRL |
CurrentTaxLiabilities | 337,588,000 | 2025-12-31 | 10 | BRL |
ShorttermInvestmentsClassifiedAsCashEquivalents | 333,223,000 | 2025-12-31 | 14 | BRL |
OtherShorttermProvisions | 323,441,000 | 2019-12-31 | 1 | BRL |
AdjustmentsForDeferredTaxExpense | 321,780,000 | 2025-12-31 | 23 | BRL |
NoncurrentPrepayments | 319,000,000 | 2022-12-31 | 15 | BRL |
FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue | -317,787,000 | 2019-12-31 | 3 | BRL |
DerivativeFinancialLiabilities | -310,190,000 | 2019-12-31 | 8 | BRL |
TaxEffectOfRevenuesExemptFromTaxation2011 | 298,972,000 | 2023-12-31 | 12 | BRL |
AdjustmentsForDecreaseIncreaseInPrepaidExpenses | -274,563,000 | 2022-12-31 | 10 | BRL |
IncreaseDecreaseThroughTimeValueOfMoneyAdjustmentOtherProvisions | 257,419,000 | 2023-12-31 | 6 | BRL |
CurrentTaxAssets | 254,863,000 | 2025-12-31 | 14 | BRL |
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement | 250,000,000 | 2025-03-31 | 1 | shares |
NumberOfShareOptionsExercisedInSharebasedPaymentArrangement | 248,045,000 | 2025-12-31 | 10 | share |
CurrentNotesAndDebenturesIssuedAndCurrentPortionOfNoncurrentNotesAndDebenturesIssued | 247,740,000 | 2019-12-31 | 8 | BRL |
ImpairmentLossImpairmentGainAndReversalOfImpairmentLossDeterminedInAccordanceWithIFRS9 | -245,636,000 | 2023-12-31 | 15 | BRL |
TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss | 244,011,000 | 2020-12-31 | 5 | BRL |
IncreaseDecreaseInDeferredTaxLiabilityAsset | -242,516,000 | 2020-12-31 | 1 | BRL |
NetDeferredTaxLiabilities | 242,516,000 | 2019-12-31 | 9 | BRL |
CurrentLoansReceivedAndCurrentPortionOfNoncurrentLoansReceived | 233,487,000 | 2019-12-31 | 8 | BRL |
OtherFinanceCost | 231,004,000 | 2025-12-31 | 31 | BRL |
IncreaseDecreaseInCashAndCashEquivalents | -218,365,000 | 2025-12-31 | 32 | BRL |
CurrentTaxAssetsCurrent | 208,354,000 | 2025-12-31 | 23 | BRL |
UndrawnBorrowingFacilities | 198,714,000 | 2019-12-31 | 1 | BRL |
Cash | 196,061,000 | 2025-12-31 | 22 | BRL |
CurrentTaxLiabilitiesNoncurrent | 193,581,000 | 2025-12-31 | 10 | BRL |
OtherAssetsCurrent | 189,849,000 | 2022-12-31 | 1 | BRL |
PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities | 188,355,000 | 2025-12-31 | 32 | BRL |
CurrentPrepayments | 182,891,000 | 2022-12-31 | 15 | BRL |
CurrentFinanceLeaseLiabilities | -176,197,000 | 2018-12-31 | 6 | BRL |
OtherComprehensiveIncomeNetOfTaxCashFlowHedges | -159,261,000 | 2019-12-31 | 8 | BRL |
GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome | 159,261,000 | 2020-12-31 | 1 | BRL |
OtherCurrentReceivables | 152,100,000 | 2017-12-31 | 2 | BRL |
AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment | 147,311,000 | 2022-12-31 | 3 | BRL |
CurrentTaxLiabilitiesCurrent | 144,007,000 | 2025-12-31 | 23 | BRL |
OtherProvisions | 143,790,000 | 2023-12-31 | 16 | BRL |
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss | 135,407,000 | 2019-12-31 | 11 | BRL |
ProfitLossBeforeTax | 124,870,000 | 2025-12-31 | 32 | BRL |
ProfitLoss | 124,858,000 | 2025-12-31 | 32 | BRL |
OtherCurrentLiabilities | 124,039,000 | 2025-12-31 | 23 | BRL |
ComprehensiveIncome | 123,844,000 | 2025-12-31 | 32 | BRL |
EffectOfExchangeRateChangesOnCashAndCashEquivalents | -121,390,000 | 2025-12-31 | 32 | BRL |
AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets | 106,914,000 | 2019-12-31 | 11 | BRL |
IncomeTaxesPaidRefund | 103,650,000 | 2023-03-31 | 2 | BRL |
OtherRevenue | 101,600,000 | 2018-03-31 | 5 | BRL |
InsuranceExpense | 100,401,000 | 2025-12-31 | 22 | BRL |
AcquisitionsThroughBusinessCombinationsIntangibleAssetsAndGoodwill | 99,164,000 | 2024-12-31 | 2 | BRL |
AdjustmentsForIncreaseDecreaseInOtherLiabilities | 94,507,000 | 2025-12-31 | 32 | BRL |
IncreaseDecreaseThroughChangeInDiscountRateOtherProvisions | 85,999,000 | 2019-12-31 | 2 | BRL |
LongtermLegalProceedingsProvision | 80,984,000 | 2018-12-31 | 6 | BRL |
ProfessionalFeesExpense | 80,890,000 | 2018-12-31 | 7 | BRL |
ExpenseRelatingToShorttermLeasesForWhichRecognitionExemptionHasBeenUsed | 79,855,000 | 2019-12-31 | 3 | BRL |
TradeAndOtherCurrentReceivablesDueFromRelatedParties | 75,900,000 | 2018-03-31 | 3 | BRL |
CashAdvancesAndLoansMadeToRelatedParties | 73,200,000 | 2017-12-31 | 2 | BRL |
ShareIssueRelatedCost | 71,300,000 | 2017-12-31 | 5 | BRL |
ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets | 70,779,000 | 2025-12-31 | 18 | BRL |
IncreaseDecreaseThroughSharebasedPaymentTransactions | 70,718,000 | 2025-12-31 | 32 | BRL |
SocialSecurityContributions | 69,768,000 | 2023-12-31 | 2 | BRL |
AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill | 68,543,000 | 2022-12-31 | 5 | BRL |
RepaymentsOfBondsNotesAndDebentures | 66,053,000 | 2023-12-31 | 19 | BRL |
OtherFinanceIncome | 65,315,000 | 2025-12-31 | 31 | BRL |
AdjustmentsForDecreaseIncreaseInInventories | -61,037,000 | 2025-12-31 | 32 | BRL |
GainsLossesArisingFromSaleAndLeasebackTransactions | 60,270,000 | 2025-12-31 | 21 | BRL |
AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives | 46,822,000 | 2025-12-31 | 32 | BRL |
CurrentTaxAssetsNoncurrent | 46,509,000 | 2025-12-31 | 7 | BRL |
CurrentFinancialLiabilitiesAtFairValueThroughProfitOrLoss | 44,700,000 | 2016-12-31 | 1 | BRL |
KeyManagementPersonnelCompensation | 43,122,000 | 2021-12-31 | 16 | BRL |
IssueOfEquity | -43,048,000 | 2025-12-31 | 7 | BRL |
PaymentsForShareIssueCosts | 43,048,000 | 2025-12-31 | 3 | BRL |
TaxExpenseIncomeAtApplicableTaxRate | 42,456,000 | 2025-12-31 | 31 | BRL |
KeyManagementPersonnelCompensationSharebasedPayment | 36,986,000 | 2020-12-31 | 13 | BRL |
IncomeTaxRelatingToCashFlowHedgesOfOtherComprehensiveIncome | 36,645,000 | 2018-12-31 | 6 | BRL |
FutureFinanceChargeOnFinanceLease | 35,988,000 | 2018-12-31 | 6 | BRL |
NoncurrentReceivables | 29,452,000 | 2025-12-31 | 2 | BRL |
CurrentInvestments | 26,286,000 | 2025-12-31 | 9 | BRL |
InterestExpenseOnBonds | 25,736,000 | 2023-12-31 | 9 | BRL |
TaxEffectFromChangeInTaxRate | -24,377,000 | 2023-12-31 | 9 | BRL |
ReversalOfImpairmentLossRecognisedInProfitOrLoss | 24,275,000 | 2021-12-31 | 1 | BRL |
MiscellaneousOtherOperatingExpense | 22,200,000 | 2018-03-31 | 3 | BRL |
ImpairmentLossOnFinancialAssets | -20,486,000 | 2020-12-31 | 2 | BRL |
ReversalOfInventoryWritedown | 16,778,000 | 2023-12-31 | 10 | BRL |
AllowanceAccountForCreditLossesOfFinancialAssets | 14,716,000 | 2019-12-31 | 9 | BRL |
ExpenseFromEquitysettledSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets | 12,742,000 | 2019-12-31 | 6 | BRL |
LiabilitiesFromSharebasedPaymentTransactions2011 | 11,647,000 | 2019-12-31 | 4 | BRL |
SharePremium | 10,186,000 | 2017-12-31 | 2 | BRL |
NoncurrentReceivablesDueFromRelatedParties | 9,900,000 | 2018-03-31 | 4 | BRL |
CancellationOfTreasuryShares | 7,234,000 | 2024-12-31 | 12 | BRL |
CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities | 5,924,000 | 2025-12-31 | 21 | BRL |
AdditionalAllowanceRecognisedInProfitOrLossAllowanceAccountForCreditLossesOfFinancialAssets | 5,532,000 | 2019-12-31 | 6 | BRL |
OtherComprehensiveIncome | -5,292,000 | 2019-12-31 | 10 | BRL |
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement | 5,207,253 | 2024-12-31 | 6 | share |
AccumulatedOtherComprehensiveIncome | 4,903,000 | 2025-12-31 | 23 | BRL |
ShorttermDepositsClassifiedAsCashEquivalents | 3,625,000 | 2025-12-31 | 22 | BRL |
ReversalAllowanceAccountForCreditLossesOfFinancialAssets | 3,539,000 | 2019-12-31 | 6 | BRL |
MiscellaneousOtherOperatingIncome | 3,100,000 | 2016-12-31 | 1 | BRL |
TaxEffectOfForeignTaxRates | 3,020,000 | 2019-12-31 | 9 | BRL |
NumberOfShareOptionsGrantedInSharebasedPaymentArrangement | 2,300,000 | 2023-12-31 | 3 | brazilianReal |
IncomeFromSubleasingRightofuseAssets | 1,754,000 | 2024-12-31 | 21 | BRL |
AcquisitionsThroughBusinessCombinationsOtherProvisions | 1,688,000 | 2020-12-31 | 2 | BRL |
TreasuryShares | 1,433,000 | 2025-12-31 | 29 | BRL |
OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans | -1,014,000 | 2025-12-31 | 21 | BRL |
ActuarialGainsLossesArisingFromExperienceAdjustmentsNetOfTaxDefinedBenefitPlans | 1,014,000 | 2025-12-31 | 10 | BRL |
ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets | 832,000 | 2021-12-31 | 6 | BRL |
ProceedsFromExerciseOfOptions | 789,000 | 2023-12-31 | 22 | BRL |
DisposalsAndRetirementsIntangibleAssetsAndGoodwill | 700,000 | 2025-12-31 | 12 | BRL |
NumberOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement | 589,394 | 2019-12-31 | 6 | Options |
NumberOfSharesIssuedButNotFullyPaid | 537,806 | 2018-12-31 | 1 | shares |
IncreaseThroughBusinessCombinationsContractAssets | 298,000 | 2020-12-31 | 2 | BRL |
NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement | 260,451 | 2019-12-31 | 4 | Options |
CashReceiptsFromRepaymentOfAdvancesAndLoansMadeToRelatedParties | 200,000 | 2017-03-31 | 1 | BRL |
NumberOfInstrumentsOtherEquityInstrumentsGranted | 170,000 | 2019-12-31 | 4 | Options |
ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetOfTaxDefinedBenefitPlans | -141,000 | 2023-12-31 | 2 | BRL |
NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement | 49,748 | 2019-12-31 | 4 | Options |
IncreaseDecreaseThroughTransfersIntangibleAssetsAndGoodwill | -37,000 | 2024-12-31 | 7 | BRL |
ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetOfTaxDefinedBenefitPlans | 23,000 | 2023-12-31 | 7 | BRL |
WeightedAverageExercisePriceOfShareOptionsOutstandingInSharebasedPaymentArrangement2019 | 18,250 | 2022-12-31 | 3 | BRL/shares |
IncomeTaxExpenseContinuingOperations | 12,000 | 2025-12-31 | 31 | BRL |
OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome | 10,000 | 2025-12-31 | 31 | BRL |
PaymentsToAcquireOrRedeemEntitysShares | 4,000 | 2025-12-31 | 20 | BRL |
PurchaseOfTreasuryShares | 4,000 | 2025-12-31 | 19 | BRL |
DilutiveEffectOfConvertibleInstrumentsOnNumberOfOrdinaryShares | 75 | 2019-12-31 | 8 | shares |
ParValuePerShare | 32 | 2024-12-31 | 1 | BRL/shares |
WeightedAverageExercisePriceOfOtherEquityInstrumentsOutstandingInSharebasedPaymentArrangement2019 | 31 | 2021-12-31 | 3 | BRL/shares |
ClosingForeignExchangeRate | 5 | 2020-12-31 | 2 | brazilianReal |
ClosingForeignExchangeRate | 5 | 2019-07-24 | 1 | BRL/USD |
NumberOfInstrumentsOtherEquityInstrumentsGranted | 2 | 2024-12-31 | 4 | numeral |
PercentageOfEntitysRevenue | 1 | 2025-12-31 | 6 | pure |
TaxRateEffectOfTaxLosses | 0 | 2025-12-31 | 21 | pure |
ApplicableTaxRate | 0 | 2025-12-31 | 15 | pure |
WeightedAverageSharePrice2019 | 0 | 2025-12-31 | 8 | BRL/shares |
DescriptionOfDiscountRatesAppliedToCashFlowProjections | 0 | 2024-12-31 | 6 | pure |
BorrowingsInterestRate | 0 | 2024-12-31 | 3 | pure |
DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections | 0 | 2024-12-31 | 6 | pure |
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss | 0 | 2025-12-31 | 21 | BRL |
CashAdvancesAndLoansMadeToOtherPartiesClassifiedAsInvestingActivities | 0 | 2021-12-31 | 6 | BRL |
CurrentDerivativeFinancialAssets | 0 | 2024-12-31 | 25 | BRL |
CurrentDerivativeFinancialLiabilities | 0 | 2025-12-31 | 27 | BRL |
CurrentFinancialAssetsAtFairValueThroughProfitOrLoss | 0 | 2022-12-31 | 15 | BRL |
CurrentTaxExpenseIncome | 0 | 2022-12-31 | 20 | BRL |
DeferredTaxExpenseIncome | 0 | 2025-12-31 | 22 | BRL |
DeferredTaxLiabilities | 0 | 2020-12-31 | 2 | BRL |
GainsLossesOnCashFlowHedgesNetOfTax | 0 | 2022-12-31 | 20 | BRL |
ImpairmentLoss | 0 | 2017-12-31 | 1 | BRL |
NoncurrentDerivativeFinancialAssets | 0 | 2023-12-31 | 23 | BRL |
NoncurrentDerivativeFinancialLiabilities | 0 | 2024-12-31 | 25 | BRL |
ProceedsFromSaleOrIssueOfTreasuryShares | 0 | 2020-12-31 | 3 | BRL |
ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities | 0 | 2022-12-31 | 20 | BRL |
TaxRateEffectFromChangeInTaxRate | 0 | 2025-12-31 | 21 | pure |
TradeAndOtherCurrentPayablesToTradeSuppliers | 0 | 2024-12-31 | 20 | BRL |
IncreaseDecreaseThroughTransfersPropertyPlantAndEquipment | 0 | 2021-12-31 | 2 | BRL |
CurrentPrepaidExpenses | 0 | 2022-12-31 | 2 | BRL |
RentalIncome | 0 | 2022-12-31 | 2 | BRL |
What to be careful about
What this model itself distrusts about AZUL's figures. Written by the derivation as it ran, not added afterwards.
- revenue is annual, not TTM
- operating income is annual, not TTM
- no market cap; set `market_cap` in overrides.yaml
- reports in BRL while its share price is quoted in USD, and no exchange rate could be used (no rate for USD to BRL that is less than 30 days old, and this is not a refresh). Every multiple would pair one currency with another, so none of them is a ratio — set `market_cap` in overrides.yaml in BRL to score it
- no usable diluted share count, so growth is measured on total revenue rather than per share; a company issuing shares to fund that growth reads better than it is
- analyst estimate not used: no trailing EPS to measure the growth from
- valuation DROPPED from the total: only 0 of 2 inputs could be computed (ev sales, ev owner earnings not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- durability DROPPED from the total: only 2 of 4 inputs could be computed (contracted coverage, gross margin stability not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- 2 of 5 dimensions could not be measured (valuation, durability -- 35% of the model), so this row is not comparable with the others; its total rests on what was left