Embraer S.A. Sponsored ADR (ERJ) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 25	$0.5	$0.3	-40.0%	—	—	—
Q2 25	$0.44	$0.43	-2.3%	—	$1.8B	—
Q1 25	-$0.02	-$0.4	-1900.0%	—	$1.1B	—
Q4 24	$0.61	$0.94	+54.1%	—	$2.3B	—
Q3 24	$0.76	$1.2	+57.9%	—	$1.7B	—
Q2 24	$0.3	$0.44	+46.7%	—	$1.5B	—
Q1 24	-$0.23	-$0.07	+69.6%	—	$896.6M	—
Q4 23	$0.69	$0.38	-44.9%	—	$2B	—
Q3 23	$0.17	$0.18	+5.9%	—	$1.3B	—
Q2 23	$0.14	$0.32	+128.6%	—	$1.3B	—
Q1 23	-$0.18	-$0.48	-166.7%	—	$716.7M	—
Q4 22	$0.31	$0.24	-22.6%	—	$2B	—
Q3 22	$0.1	$0.13	+30.0%	—	$929M	—
Q2 22	-$0.07	$0.4	+671.4%	—	$1B	—
Q1 22	-$0.29	-$0.43	-48.3%	—	$600.9M	—
Q4 21	$0.12	$0.32	+166.7%	—	$1.3B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY24	—	$1.92	—	—	$6.4B	—
FY23	—	$0.88	—	—	$5.3B	—
FY22	—	-$1	—	—	$4.5B	—
FY21	—	-$0.24	—	—	$4.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	$1B	$1.1B	$435.9M	$868.1M	$5.5B	$3.8B	$4.2B	$4.5B	$5.3B	$6.4B
YoY change	-5.74%	+4.65%	-59%	+99.1%	+529.2%	-31%	+11.3%	+8.18%	+16%	+21.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	1B	1.1B	435.9M	868.1M	5.5B	3.8B	4.2B	4.5B	5.3B	6.4B
Cost of revenue	824.6M	852.9M	384.9M	736.7M	4.7B	3.3B	3.5B	3.6B	4.4B	5.2B
Gross profit	190.2M	209.2M	51M	131.5M	795.5M	477.6M	659.6M	912.2M	909.6M	1.2B
Gross margin	18.7%	19.7%	11.7%	15.1%	14.6%	12.7%	15.7%	20.1%	17.3%	18%
Research & development	7.1M	8.1M	3.8M	7.9M	49.4M	29.8M	43M	110M	90.3M	55M
Selling, general & administrative	93.1M	88.6M	52.9M	83.6M	476.7M	337.4M	379.6M	459.3M	519.6M	508.6M
Operating expenses	222.3M	333.1M	140.5M	196.4M	682.7M	437.1M	462.8M	658.1M	688.1M	479.2M
Operating income	61.9M	62.3M	-25.5M	15.8M	102.1M	-147.7M	185.2M	220.1M	244.8M	667.2M
Operating margin	6.1%	5.86%	-5.86%	1.82%	1.87%	-3.92%	4.41%	4.85%	4.65%	10.4%
Non-operating income, net	-1.9M	-29.8M	-8.6M	-11.5M	-180.8M	-267.8M	40.7M	-236.4M	27.4M	-1.9M
Pretax income	57.6M	30.9M	-16.3M	-23.3M	-186.2M	-635.2M	27.4M	-205.8M	120.7M	557M
Income tax	43.7M	51.4K	4.8M	6M	130.3M	93.1M	70.9M	-2.3M	-43.6M	202.4M
Net income	80.8M	180.3M	280M	-171.2M	-316.5M	-728.3M	-43.5M	-203.5M	164.3M	354.6M
Net margin	7.96%	17%	64.2%	-19.7%	-5.79%	-19.3%	-1.04%	-4.48%	3.12%	5.55%
EBITDA	840.8M	926.1M	340.2M	432.8M	412.4M	147.2M	440.3M	460.8M	566.2M	1B
EPS	0.38	0.9	1.34	-0.96	-1.75	-3.98	-0.24	-1	0.88	1.92
Diluted EPS	0.38	0.9	1.34	-0.96	-1.75	-3.98	-0.24	-1	0.88	1.92

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25
Revenue	929M	2B	716.7M	1.3B	1.3B	2B	896.6M	1.5B	1.7B	2.3B	1.1B	1.8B
Cost of revenue	751.6M	1.6B	603M	1.1B	1.1B	1.6B	727.9M	1.3B	1.4B	1.9B	913.9M	1.5B
Gross profit	177.4M	380.8M	113.7M	223.3M	233.1M	339.5M	168.7M	240M	314.8M	429.6M	189.1M	352.8M
Gross margin	19.1%	19.1%	15.9%	17.3%	18.1%	17.2%	18.8%	16.1%	18.6%	18.6%	17.1%	19.4%
Research & development	29M	38.7M	31.8M	23.8M	17M	17.7M	12.1M	15.3M	9.6M	18M	14.2M	12.1M
Selling, general & administrative	114.9M	138.6M	118.4M	134.1M	124M	143.1M	126.7M	123.3M	125.9M	132.7M	120.2M	141.6M
Operating expenses	188.8M	182.9M	165M	166.4M	150.3M	206.4M	169M	111.3M	27.5M	137M	138.6M	163.2M
Operating income	9.1M	162.7M	-52.3M	71.1M	78.1M	147.9M	-3.6M	128.7M	287.8M	256.9M	53.7M	190M
Operating margin	0.98%	8.17%	-7.3%	5.5%	6.08%	7.49%	-0.4%	8.61%	17%	11.1%	4.87%	10.4%
Non-operating income, net	29.1M	2.3M	2M	5M	-300K	20.7M	12.2M	-16.4M	-19M	-52.8M	-12.2M	-19.8M
Pretax income	-46.1M	99.4M	-103.2M	-800K	57.2M	167.5M	33M	111.4M	244M	168.6M	-24.1M	47.1M
Income tax	-4.7M	76.3M	-30.5M	25.3M	-7.1M	-31.3M	600K	8.9M	62.3M	130.6M	-103.9M	-22.1M
Net income	-41.4M	23.1M	-72.7M	-26.1M	64.3M	198.8M	32.4M	102.5M	181.7M	38M	79.8M	69.2M
Net margin	-4.46%	1.16%	-10.1%	-2.02%	5.01%	10.1%	3.61%	6.86%	10.7%	1.64%	7.23%	3.8%
EBITDA	57.5M	195M	20.3M	164.3M	178.3M	203.3M	146.6M	263.9M	451.9M	342.5M	198.1M	268.4M
EPS	-0.16	—	-0.39	-0.1	0.33	—	0.16	0.54	0.97	0.25	0.4	0.44
Diluted EPS	-0.16	—	-0.39	-0.1	0.33	—	0.16	0.54	0.97	0.25	0.4	0.44

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Market cap	5.4B	3.5B	4.4B	4.1B	3.6B	1.3B	3.3B	2B	3.4B	6.7B	14.3B
Enterprise value	8.8B	7.2B	8.3B	7.5B	2.5B	3.1B	4.8B	3B	4.2B	7.1B	9.6B
Shares outstanding	182.6M	183.9M	183.6M	183.5M	184M	184.1M	183.7M	183.7M	183.7M	183.7M	183.7M

Valuation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
P/E	66.7	19.6	15.7	—	—	—	—	—	20.6	19	37.7
P/S	5.31	3.33	10.1	4.68	0.66	0.33	0.78	0.44	0.64	1.05	0.31
P/B	1.4	0.9	1.05	1.03	0.99	0.43	1.17	0.71	1.11	2.01	2.6
EV/EBITDA	10.5	7.73	24.5	17.4	5.98	20.8	10.9	6.45	7.45	7.06	13
EV/Sales	8.7	6.74	19.1	8.68	0.45	0.81	1.14	0.65	0.8	1.12	1.33
Earnings yield	1.5%	5.09%	6.37%	—	—	—	—	—	4.85%	5.26%	2.65%
FCF yield	0.3%	-4.36%	0.25%	2.79%	9.09%	-120.8%	7.58%	24.7%	5.5%	6.01%	2.99%
PEG	—	—	—	—	—	—	—	—	—	—	-2.02

Profitability

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Gross margin	18.7%	19.7%	11.7%	15.1%	14.6%	12.7%	15.7%	20.1%	17.3%	18%	19.4%
Operating margin	6.1%	5.86%	-5.86%	1.82%	1.87%	-3.92%	4.41%	4.85%	4.65%	10.4%	9.96%
Net margin	7.96%	17%	64.2%	-19.7%	-5.79%	-19.3%	-1.04%	-4.48%	3.12%	5.55%	5.37%
ROE	2.1%	4.58%	6.7%	-4.35%	-8.76%	-25%	-1.57%	-7.21%	5.41%	10.6%	11.3%
ROA	4.04%	8.99%	13.7%	-8.86%	-2.99%	-6.93%	-0.43%	-2.01%	1.52%	3%	3.56%
ROIC	0.2%	0.82%	-0.31%	0.21%	4.09%	-3.13%	0%	5.81%	6.32%	11.3%	14.3%
Return on tangible assets	23%	317.4%	-181%	58.9%	-3.6%	-11.4%	-0.76%	-3.6%	2.68%	5.2%	5.37%

Financial health

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Current ratio	2.08	2.11	2.53	2.33	1.34	2.52	2.08	1.79	1.65	1.47	1.33
Quick ratio	1.36	1.34	1.77	1.52	1.14	1.53	1.39	1.08	0.94	0.82	0.6
Debt / equity	1.02	1.05	1.09	1.01	0.04	1.55	1.47	1.16	0.98	0.78	0.64
Debt / assets	1.96	2.06	2.23	2.06	0.01	0.43	0.4	0.32	0.28	0.22	0.19
Net debt / EBITDA	4.09	3.91	11.6	8.02	-2.71	12.3	3.46	2.09	1.47	0.4	0.85
Interest coverage	2.9	1.89	-1.31	0.41	0.11	-1.89	1.11	0.03	1.55	3.62	1.95
Effective tax rate	76%	0.17%	0%	0%	0%	0%	100%	0%	0%	36.3%	15.4%

Per share

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Revenue per share	5.56	5.78	2.37	4.73	29.7	20.5	22.9	24.7	28.7	34.8	216.8
EPS (basic)	0.38	0.9	1.34	-0.96	-1.75	-3.98	-0.24	-1	0.88	1.92	1.92
EPS (diluted)	0.38	0.9	1.34	-0.96	-1.75	-3.98	-0.24	-1	0.88	1.92	1.71
Book value per share	21.1	21.4	22.8	21.5	19.6	15.8	15.1	15.4	16.5	18.2	24.8
FCF per share	0.09	-0.84	0.06	0.62	1.77	-8.23	1.35	2.7	1.01	2.21	2.66
Cash per share	2.61	2.81	3.39	2.82	6.88	14.7	14	12.6	11.7	12	9.36
Capex per share	1.59	2.12	1.19	0.84	1.55	0.5	0.53	0.71	1.19	1.02	1.1

Capital allocation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Capex / revenue	28.6%	36.7%	50.1%	17.7%	5.21%	2.43%	2.34%	2.88%	4.16%	2.94%	2.82%
Capex / operating cash flow	54%	101.6%	46.3%	13%	68.9%	-7.71%	10.9%	14.4%	27.8%	17.7%	16.1%
Payout ratio	12.9%	2.68%	3.31%	-4.06%	-0.63%	0%	0%	0%	8.16%	0%	2.87%
Dividend yield	0.19%	0.14%	0.21%	0.17%	0.06%	0%	0%	0%	0.4%	0%	2.8%

Yield

2.8%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.5369

ex-dividend Dec 19, 2025

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 19, 2025	$0.5369
May 16, 2025	$0.0492
Dec 28, 2018	$0.0108

Period	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25
Revenue	$929M	$2B	$716.7M	$1.3B	$1.3B	$2B	$896.6M	$1.5B	$1.7B	$2.3B	$1.1B	$1.8B
YoY change	-3.04%	+53%	+19.3%	+26.8%	+38.3%	-0.83%	+25.1%	+15.6%	+31.8%	+17%	+23%	+21.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Cash & short-term investments	477.3M	516.5M	622.6M	517.7M	1.3B	2.7B	2.6B	2.3B	2.2B	2.2B
Receivables	149.5M	82.1M	82.6M	91.8M	153.4M	203.4M	189M	202.9M	217.6M	320.8M
Inventory	382.4M	427.4M	362.9M	423.8M	1.3B	2.4B	2B	2.3B	2.6B	2.9B
Total current assets	1.1B	1.2B	1.2B	1.2B	8.6B	6.1B	5.9B	5.8B	6.1B	6.5B
Property, plant & equipment	2.6B	2.8B	2.7B	2.6B	510.3M	1.3B	1.1B	1.1B	1.2B	1.4B
Goodwill & intangibles	1.6B	1.9B	2.2B	2.2B	1.8B	4.2B	4.4B	4.5B	4.7B	5B
Total assets	2B	2B	2B	1.9B	10.6B	10.5B	10.2B	10.1B	10.8B	11.8B
Accounts payable	177.2M	163M	141.2M	152.7M	358M	502.3M	510M	767M	824.6M	1B
Short-term debt	229.5M	533.2M	406.5M	503.3M	23.9M	386.9M	585.7M	320.5M	140.9M	133M
Total current liabilities	527.3M	552.6M	479.9M	518.5M	6.4B	2.4B	2.8B	3.2B	3.7B	4.4B
Long-term debt	3.7B	3.6B	4.2B	3.5B	123.3M	4.1B	3.5B	3B	2.8B	2.5B
Total liabilities	1.3B	1.3B	1.3B	1.3B	7B	7.6B	7.4B	7.3B	7.7B	8.5B
Shareholders' equity	3.8B	3.9B	4.2B	3.9B	3.6B	2.9B	2.8B	2.8B	3B	3.3B
Total debt	3.9B	4.1B	4.6B	4B	147.2M	4.5B	4.1B	3.3B	3B	2.6B
Net debt	3.5B	3.9B	4.3B	3.8B	-708M	2.6B	2.3B	1.5B	1.4B	1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 22	Q2 22	Q3 22	Q4 22	Q1 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25
Cash & short-term investments	1.9B	1.8B	1.7B	2.3B	2B	2.2B	1.5B	1.2B	1.5B	2.2B	1.4B	1.3B
Receivables	197M	240.4M	257.2M	202.9M	197M	217.6M	225.8M	235M	253.9M	320.8M	252.3M	356.9M
Inventory	2.2B	2.4B	2.7B	2.3B	2.8B	2.6B	3.1B	3.2B	3.3B	2.9B	3.5B	3.6B
Total current assets	5.5B	5.4B	5.6B	5.8B	6B	6.1B	5.9B	5.8B	6.5B	6.5B	6.3B	6.5B
Property, plant & equipment	1.7B	1.7B	1.7B	1.1B	1.1B	1.2B	1.9B	1.9B	1.3B	1.4B	2.1B	1.5B
Goodwill & intangibles	2.2B	2.2B	2.2B	4.5B	4.5B	4.7B	2.4B	2.4B	4.9B	5B	2.5B	5.2B
Total assets	9.9B	9.7B	9.9B	10.1B	10.5B	10.8B	10.8B	10.9B	11.7B	11.8B	11.7B	12.1B
Accounts payable	576.8M	739.7M	788M	767M	843.9M	824.6M	962.4M	1.1B	1.2B	1B	1.2B	1.2B
Short-term debt	337.8M	81.5M	291.2M	320.5M	313.2M	140.9M	111.9M	142.8M	119.8M	133M	112.7M	142.8M
Total current liabilities	2.8B	2.6B	3.2B	3.2B	3.4B	3.7B	3.9B	3.9B	4.2B	4.4B	4.7B	4.9B
Long-term debt	3.3B	3.1B	2.9B	3B	3.1B	2.8B	2.6B	2.6B	2.6B	2.5B	2.1B	2.2B
Total liabilities	7.1B	6.8B	7.2B	7.3B	7.7B	7.7B	7.7B	7.8B	8.3B	8.5B	8.2B	8.5B
Shareholders' equity	2.8B	2.9B	2.7B	2.8B	2.8B	3B	3B	3.1B	3.4B	3.3B	3.5B	3.6B
Total debt	3.6B	3.2B	3.2B	3.3B	3.4B	3B	2.7B	2.8B	2.8B	2.6B	2.2B	2.3B
Net debt	2.5B	2.2B	1.9B	1.5B	2.3B	1.4B	1.8B	2B	1.9B	1B	1.4B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Net income	80.8M	180.3M	280M	-171.2M	-316.5M	-728.3M	-43.5M	-203.5M	164.3M	354.6M
Depreciation & amortization	316.8M	368.4M	342.7M	272M	209.7M	292.1M	208.6M	210.3M	241.7M	243.6M
Stock-based compensation	393.7K	239.7K	85.6K	17.1K	0	0	0	2.9M	—	—
Change in working capital	117.3M	-128.1M	-130.9M	1.1B	539.9M	-1B	484M	556.2M	268.8M	128.7M
Operating cash flow	536.7M	383.6M	472.4M	1.2B	412.7M	-1.2B	898.1M	908.2M	789.1M	1.1B
Capital expenditure	-289.9M	-389.6M	-218.6M	-154M	-284.4M	-91.6M	-98.1M	-130.8M	-219.4M	-188.2M
Investing cash flow	-410.8M	-408.7M	-288.2M	-169.5M	690.9M	15.6M	33.2M	9.4M	-261.3M	-334.5M
Dividends paid	-10.4M	-4.8M	-9.3M	-7M	-2M	0	0	0	-13.4M	0
Share repurchases	0	-2.9M	-2.6M	0	0	0	-2.5M	0	0	—
Financing cash flow	1.6B	478.8M	868.6M	15M	-259.2M	1B	-430.6M	-669.2M	-348.7M	-335.7M
Net change in cash	1.7B	453.6M	1.1B	1B	844.4M	-164M	500.7M	248.4M	179.1M	390.6M
Free cash flow	16M	-154.3M	10.9M	113.5M	326M	-1.5B	247.1M	495.3M	186.2M	405M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25
Net income	-41.4M	23.1M	-72.7M	-26.1M	64.3M	198.8M	32.4M	102.5M	181.7M	38M	79.8M	69.2M
Depreciation & amortization	46.4M	73.5M	45.7M	55.4M	56.4M	84.2M	43.8M	58.1M	67.7M	74M	50.6M	59.6M
Stock-based compensation	600K	500K	700K	—	—	—	—	—	—	—	—	—
Change in working capital	376.7M	302.9M	-663.3M	143.5M	245.9M	465.1M	-371.2M	-188.7M	-101.8M	1.1B	-343M	-248.2M
Operating cash flow	408.1M	475.5M	-680.5M	233.9M	412.3M	746.5M	-251.8M	13.8M	242M	1.4B	-288.5M	-112.1M
Capital expenditure	-33.3M	-47.8M	-41.4M	-35.5M	-55.2M	-87.3M	-42.9M	-57.9M	-68.5M	-18.9M	-76M	-32.2M
Investing cash flow	-30M	111.1M	-112.6M	-34.6M	-4.1M	-93.4M	-123.5M	-80.2M	-66M	-22.9M	-74.6M	-54M
Dividends paid	—	—	0	—	—	—	0	—	—	—	—	-9.1M
Share repurchases	0	0	—	—	—	—	—	—	—	—	-14.5M	0
Financing cash flow	-5.8M	61M	147.5M	126.7M	-603.5M	-15.5M	-219.7M	-5.4M	67.4M	-178.1M	-432.4M	105.6M
Net change in cash	372.3M	647.6M	-645.6M	326M	-195.3M	637.6M	-595M	-71.8M	243.4M	1.2B	-795.5M	-60.5M
Free cash flow	262.1M	450.8M	-739.6M	53.7M	224.5M	647.9M	-415.2M	-163.9M	42.5M	942.2M	-321.7M	-189.3M

Embraer S.A. Sponsored ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history