Azul (AZUL) Return on Assets [ROA] (2016 - 2026)
Azul's Return on Assets [ROA] came in at 6.41% for Q2 2026, up 24.91 percentage points from -18.50% a year earlier but down 9.50 percentage points from the prior quarter.
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Analysis
Azul (AZUL) Return on Assets [ROA] (2016 - 2026) Analysis & Trends
For FY2025, Azul's Return on Assets [ROA] was 0.52%, up 40.77 percentage points from FY2024.
- Return on Assets [ROA] carries a five-year change of +54.89 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was -40.25% in FY2024 (-27.98 pp), -12.27% in FY2023 (-8.19 pp), -4.08% in FY2022 (+20.48 pp) and -24.57% in FY2021 (+29.81 pp).
- The five-year range for quarterly Return on Assets [ROA] is -56.60% (Q4 2021) to 15.91% (Q1 2026).
- Year-over-year, Return on Assets [ROA] has increased for five consecutive quarters, with an average year-over-year change of +9.95 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q3 2021 (a gain of 112.78 percentage points), and the weakest in Q4 2024 (a drop of 41.18 percentage points).
- Business Quant data shows AZUL's Return on Assets [ROA] at 15.91% (Q1 2026), -1.00% (Q4 2025) and -22.52% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 10.59% |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 6.14% |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 8.03% |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 4.42% |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 4.58% |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 5.89% |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 3.82% |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 4.21% |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 19.98% |
| 10 | Azul | 3.54 Bn | 2.57 Bn | - | 6.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.41% |
| Mar 31, 2026 | 15.91% |
| Dec 31, 2025 | -1.00% |
| Sep 30, 2025 | -22.52% |
| Jun 30, 2025 | -18.50% |
| Mar 31, 2025 | -42.02% |
| Dec 31, 2024 | -54.21% |
| Sep 30, 2024 | -25.17% |
| Jun 30, 2024 | -34.08% |
| Mar 31, 2024 | -16.19% |
| Dec 31, 2023 | -13.03% |
| Sep 30, 2023 | -17.53% |
| Jun 30, 2023 | -18.25% |
| Mar 31, 2023 | -32.89% |
| Dec 31, 2022 | -16.49% |
| Sep 30, 2022 | -33.41% |
| Jun 30, 2022 | -43.35% |
| Mar 31, 2022 | -24.79% |
| Dec 31, 2021 | -56.60% |
| Sep 30, 2021 | -26.96% |
API Access
Azul Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=AZUL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=AZUL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();