Azul (AZUL) FCF Margin (2016 - 2026)
Azul (AZUL) recorded FCF Margin of -0.64% in Q2 2026, up 0.22 percentage points from -0.85% a year earlier and up 0.51 percentage points from the prior quarter.
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Analysis
Azul (AZUL) FCF Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Azul's FCF Margin came in at -10.65% as of Jun 30, 2026, down 27.34 percentage points year-over-year; for FY2025, it was -6.61%, down 17.40 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -17.64 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 10.78% in FY2024 (-5.25 pp), 16.04% in FY2023 (+4.67 pp), 11.37% in FY2022 (+20.74 pp) and -9.37% in FY2021 (-20.39 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin since Q4 2024.
- On a year-over-year basis, FCF Margin rose in three of the last eight quarters, with an average year-over-year change of +3896.15 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 460706121416.58 percentage points in Q3 2022, against a drop of 460706121373.91 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -1.14% (Q1 2026), -11.60% (Q4 2025) and -66.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 24.48% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 10.53% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 25.49% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 22.21% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 7.16% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 20.87% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 1.49% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | -9.37% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 25.30% |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | -0.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.64% |
| Mar 31, 2026 | -1.14% |
| Dec 31, 2025 | -11.60% |
| Sep 30, 2025 | -66.31% |
| Jun 30, 2025 | -0.85% |
| Mar 31, 2025 | -5.24% |
| Dec 31, 2024 | 40.34% |
| Sep 30, 2024 | 30.66% |
| Jun 30, 2024 | 34.37% |
| Mar 31, 2024 | 3.91% |
| Dec 31, 2023 | -31,325.51% |
| Sep 30, 2023 | 38.34% |
| Jun 30, 2023 | 17.93% |
| Mar 31, 2023 | 24.22% |
| Dec 31, 2022 | -35,933.88% |
| Sep 30, 2022 | 460,706,121,412.24% |
| Jun 30, 2022 | 39.11% |
| Mar 31, 2022 | -1.68% |
| Dec 31, 2021 | 477.10% |
| Sep 30, 2021 | -4.34% |
API Access
Azul FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AZUL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();