Azul Sa annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Azul Sa Free Cash Flow (FCF) History (AZUL)
Azul Sa reported −R$1.43B in free cash flow for fiscal 2025, a decrease of R$3.54B from the previous fiscal year, with a free cash flow margin of −6.61%.
View full Azul Sa company overviewAzul Sa free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −R$1.43B | −R$3.54B | — | −6.61% |
| 2024 | 2024-12-31 | R$2.11B | −R$869.6M | −29.23% | +10.78% |
| 2023 | 2023-12-31 | R$2.98B | R$1.16B | +64.10% | +16.04% |
| 2022 | 2022-12-31 | R$1.81B | R$2.75B | — | +11.37% |
| 2021 | 2021-12-31 | −R$934.9M | −R$1.57B | — | −9.37% |
| 2020 | 2020-12-31 | R$633.2M | −R$533.5M | −45.73% | +11.02% |
| 2019 | 2019-12-31 | R$1.17B | R$488.2M | +71.96% | +10.20% |
| 2018 | 2018-12-31 | R$678.5M | R$359.2M | +112.54% | +7.49% |
| 2017 | 2017-12-31 | R$319.2M | R$651.0M | — | +4.14% |
| 2016 | 2016-12-31 | −R$331.8M | R$1.26B | — | −4.98% |
| 2015 | 2015-12-31 | −R$1.59B | — | — | −25.43% |
Azul Sa quarterly free cash flow
Q1.17
Q1.18
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2018 | 2018-03-31 | −R$348.8M | — | — | −15.76% |
| Q1 2017 | 2017-03-31 | −R$119.7M | — | — | −6.39% |
Azul Sa free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from R$633.2M to −R$1.43B, a net decrease of R$2.06B. Azul Sa's latest reported quarter, Q1 2018, generated −R$348.8M in free cash flow.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Azul Sa filings at SEC.gov ↗