NYSE : EMBJ
Embraer S.A. — Financial statements
Industrials · Aerospace & Defense · Brazil
Last price 73.4 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 13.06B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Embraer S.A. (EMBJ) reported revenue of 44.13B BRL (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 44.13B | 41.88B | 35.42B | 26.11B | 23.45B | 22.67B |
| Cost of Revenue | 36.25B | 34.52B | 29.04B | 21.61B | 18.74B | 19.13B |
| Gross Profit | 7.88B | 7.36B | 6.38B | 4.50B | 4.71B | 3.54B |
| Selling, General & Admin | 3.04B | 3.08B | 2.75B | 2.59B | 2.37B | 2.05B |
| Research & Development | 540.88M | 412.57M | 298.15M | 452.75M | 566.74M | 233.40M |
| Other Operating Expenses | 318.89M | 432.56M | 179.41M | 19.48M | 1.93B | 424.89M |
| Operating Expenses | 3.90B | 3.94B | 3.35B | 3.02B | 4.95B | 2.64B |
| Operating Income | 3.98B | 3.42B | 3.04B | 1.49B | -241.28M | 901.25M |
| Interest Expense | -1.16B | -1.10B | -1.15B | -1.17B | -1.09B | -1.32B |
| Interest & Investment Income | 673.42M | 668.22M | 755.18M | 596.11M | 44.19M | 157.62M |
| Earnings From Equity Investments | -30.18M | -38.72M | -23.64M | 49.98M | 41.76M | 5.44M |
| Currency Exchange Gain (Loss) | -99.93M | -229.77M | -31.93M | -1.97M | ||
| Other Non Operating Income (Expenses) | 124.24M | -17.33M | 378.76M | -265.10M | 575.39M | 334.36M |
| EBT Excluding Unusual Items | 3.48B | 2.70B | 2.97B | 692.25M | -670.51M | 82.29M |
| Merger & Restructuring Charges | -257.31M | -172.23M | ||||
| Gain (Loss) on Sale of Investments | -671.00M | -1.36B | -617.12M | -158.74M | 33.18M | 100.86M |
| Asset Writedown | -69.67M | 6.77M | ||||
| Legal Settlements | -30.58M | -28.25M | -72.53M | -15.48M | -37.99M | 116.92M |
| Other Unusual Items | 143.41M | 143.41M | 831.44M | 40.83M | -60.32M | -13.15M |
| Pretax Income | 2.92B | 1.46B | 3.11B | 558.86M | -1.06B | 121.45M |
| Income Tax Expense | 515.67M | -536.39M | 1.19B | -225.49M | -15.40M | 389.07M |
| Earnings From Continuing Operations | 2.41B | 1.99B | 1.92B | 784.36M | -1.05B | -267.62M |
| Net Income to Company | 2.41B | 1.99B | 1.92B | 784.36M | -1.05B | -267.62M |
| Minority Interest in Earnings | -79.55M | -39.09M | -4.98M | -796.00K | 93.56M | -7.20M |
| Net Income | 2.33B | 1.95B | 1.92B | 783.56M | -953.66M | -274.82M |
| Net Income to Common | 2.33B | 1.95B | 1.92B | 783.56M | -953.66M | -274.82M |
| Shares Outstanding (Basic) | 723.28M | 732.41M | 734.63M | 734.63M | 734.63M | 734.73M |
| Shares Outstanding (Diluted) | 723.28M | 732.41M | 734.63M | 734.63M | 734.63M | 734.73M |
| EPS (Basic) | 3.22 | 2.67 | 2.61 | 1.07 | -1.30 | -0.37 |
| EPS (Diluted) | 3.22 | 2.67 | 2.61 | 1.07 | -1.30 | -0.37 |
| Free Cash Flow | 5.20B | 3.44B | 4.46B | 1.64B | 3.14B | 2.30B |
| Free Cash Flow Per Share | 7.19 | 4.70 | 6.08 | 2.23 | 4.27 | 3.13 |
| Dividend Per Share | 0.72 | 0.72 | 0.07 | |||
| Gross Margin | 17.85% | 17.57% | 18.02% | 17.25% | 20.09% | 15.61% |
| Operating Margin | 9.01% | 8.15% | 8.57% | 5.70% | -1.03% | 3.98% |
| Profit Margin | 5.28% | 4.66% | 5.42% | 3.00% | -4.07% | -1.21% |
| Free Cash Flow Margin | 11.78% | 8.21% | 12.60% | 6.28% | 13.39% | 10.16% |
| EBITDA | 4.76B | 4.19B | 3.67B | 2.69B | 312.46M | 1.52B |
| EBITDA Margin | 10.78% | 10.00% | 10.36% | 10.30% | 1.33% | 6.69% |
| D&A For EBITDA | 778.74M | 772.80M | 632.76M | 1.20B | 553.74M | 615.29M |
| EBIT | 3.98B | 3.42B | 3.04B | 1.49B | -241.28M | 901.25M |
| EBIT Margin | 9.01% | 8.15% | 8.57% | 5.70% | -1.03% | 3.98% |
| Effective Tax Rate | 17.63% | 38.12% | 320.35% |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 7.21B | 10.73B | 9.68B | 7.89B | 9.48B | 10.15B |
| Short-Term Investments | 3.97B | 3.72B | 3.96B | 1.71B | 1.96B | 3.10B |
| Trading Asset Securities | 820.64M | 622.15M | 1.09B | |||
| Cash & Short-Term Investments | 11.17B | 14.45B | 13.64B | 10.41B | 12.06B | 14.34B |
| Accounts Receivable | 5.05B | 4.40B | 5.92B | 3.56B | 3.96B | 4.36B |
| Other Receivables | 646.69M | 433.57M | 879.30M | 1.34B | 950.59M | 847.96M |
| Receivables | 5.70B | 4.84B | 6.80B | 4.89B | 4.91B | 5.21B |
| Inventory | 19.17B | 17.98B | 18.18B | 12.76B | 12.15B | 11.08B |
| Prepaid Expenses | 241.18M | 313.09M | 183.52M | |||
| Other Current Assets | 2.11B | 2.08B | 1.71B | 1.01B | 600.42M | 1.98B |
| Total Current Assets | 38.15B | 39.34B | 40.33B | 29.32B | 30.04B | 32.79B |
| Property, Plant & Equipment | 11.89B | 12.31B | 12.67B | 9.00B | 8.94B | 9.75B |
| Long-Term Investments | 1.19B | 1.76B | 2.43B | 959.69M | 951.10M | 390.92M |
| Goodwill | 115.89M | 116.74M | 118.54M | 115.01M | 116.20M | 119.50M |
| Other Intangible Assets | 163.27M | 161.10M | 182.03M | 168.20M | 304.00M | 1.31B |
| Long-Term Accounts Receivable | 297.32M | 337.06M | 145.74M | 291.08M | 278.14M | 124.84M |
| Long-Term Deferred Tax Assets | 641.34M | 649.93M | 1.08B | 666.57M | 251.06M | 544.42M |
| Long-Term Deferred Charges | 14.30B | 14.70B | 15.20B | 11.00B | 11.30B | 10.92B |
| Other Long-Term Assets | 1.78B | 1.72B | 1.07B | 684.17M | 735.20M | 714.29M |
| Total Assets | 68.52B | 71.09B | 73.22B | 52.20B | 52.92B | 56.67B |
| Accounts Payable | 9.56B | 6.15B | 5.98B | 3.99B | 4.00B | 2.85B |
| Accrued Expenses | 267.49M | 348.24M | 283.58M | 246.72M | 344.19M | 228.78M |
| Short-Term Debt | 278.59M | 346.23M | 268.03M | |||
| Current Portion of Long-Term Debt | 640.84M | 579.65M | 704.42M | 615.12M | 1.61B | 3.20B |
| Current Portion of Leases | 131.67M | 114.15M | 118.75M | 66.62M | 62.37M | 64.23M |
| Current Income Taxes Payable | 472.19M | 128.24M | 771.95M | 946.89M | 559.52M | 399.29M |
| Current Unearned Revenue | 14.35B | 14.27B | 15.99B | 9.34B | 7.68B | 6.74B |
| Other Current Liabilities | 814.37M | 4.27B | 3.23B | 2.54B | 2.53B | 2.31B |
| Total Current Liabilities | 26.51B | 26.20B | 27.35B | 17.75B | 16.79B | 15.79B |
| Long-Term Debt | 12.12B | 13.69B | 14.72B | 13.36B | 15.10B | 19.27B |
| Long-Term Leases | 498.67M | 535.92M | 573.43M | 397.84M | 307.77M | 291.96M |
| Long-Term Unearned Revenue | 5.21B | 4.84B | 4.55B | 3.10B | 2.70B | 1.93B |
| Pension & Post-Retirement Benefits | 232.29M | 188.24M | 219.88M | |||
| Long-Term Deferred Tax Liabilities | 1.24B | 1.50B | 2.79B | 1.48B | 1.93B | 2.82B |
| Other Long-Term Liabilities | 3.12B | 3.34B | 2.53B | 1.18B | 1.16B | 863.66M |
| Total Liabilities | 48.69B | 50.12B | 52.51B | 37.49B | 38.18B | 41.19B |
| Common Stock | 5.16B | 5.16B | 5.16B | 5.16B | 5.16B | 5.16B |
| Retained Earnings | 2.76B | 1.70B | 274.35M | -1.59B | -2.38B | -1.42B |
| Treasury Stock | -2.04B | -1.09B | -87.10M | -87.10M | -87.10M | -87.10M |
| Comprehensive Income & Other | 12.03B | 13.18B | 13.70B | 10.01B | 10.70B | 11.24B |
| Total Common Equity | 17.91B | 18.95B | 19.05B | 13.49B | 13.40B | 14.89B |
| Minority Interest | 1.92B | 2.02B | 1.67B | 1.22B | 1.34B | 597.42M |
| Shareholders' Equity | 19.83B | 20.97B | 20.71B | 14.71B | 14.74B | 15.48B |
| Total Liabilities & Equity | 68.52B | 71.09B | 73.22B | 52.20B | 52.92B | 56.67B |
| Total Debt | 13.67B | 15.27B | 16.39B | 14.44B | 17.08B | 22.83B |
| Net Cash (Debt) | -2.49B | -819.76M | -2.75B | -4.02B | -5.02B | -8.49B |
| Net Cash Per Share | -3.44 | -1.12 | -3.74 | -5.48 | -6.84 | -11.56 |
| Filing Date Shares Outstanding | 711.83M | 722.77M | 734.63M | 734.63M | 734.63M | 734.63M |
| Total Common Shares Outstanding | 711.83M | 722.77M | 734.63M | 734.63M | 734.63M | 734.63M |
| Working Capital | 11.64B | 13.14B | 12.98B | 11.57B | 13.25B | 17.00B |
| Book Value Per Share | 25.16 | 26.22 | 25.92 | 18.36 | 18.24 | 20.26 |
| Tangible Book Value | 17.63B | 18.68B | 18.74B | 13.21B | 12.98B | 13.45B |
| Tangible Book Value Per Share | 24.76 | 25.84 | 25.52 | 17.98 | 17.66 | 18.31 |
| Land | 49.65M | 52.78M | 59.39M | 49.73M | 53.60M | 57.33M |
| Buildings | 4.16B | 4.02B | 4.23B | 3.23B | 3.42B | 3.67B |
| Machinery | 9.29B | 9.77B | 10.41B | 7.34B | 7.90B | 8.92B |
| Construction In Progress | 412.19M | 596.26M | 770.21M | 587.42M | 269.60M | 196.96M |
| Order Backlog | 174.05B | 163.28B | 92.52B | 94.72B |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.33B | 1.95B | 1.92B | 783.56M | -953.66M | -274.82M |
| Depreciation & Amortization | 778.74M | 772.80M | 632.76M | 1.20B | 553.74M | 691.63M |
| Other Amortization | 641.04M | 668.36M | 699.06M | 532.02M | 434.69M | |
| Loss (Gain) From Sale of Assets | -27.82M | 47.23M | 35.26M | -142.49M | 209.60M | 173.49M |
| Asset Writedown & Restructuring Costs | -114.78M | |||||
| Loss (Gain) From Sale of Investments | -62.54M | 66.24M | 101.23M | -3.21M | -16.14M | -196.57M |
| Loss (Gain) on Equity Investments | 30.18M | 38.72M | 23.64M | -49.98M | -41.76M | -5.44M |
| Provision & Write-off of Bad Debts | 32.32M | 64.39M | 121.58M | -49.00M | 84.75M | -68.26M |
| Other Operating Activities | 227.73M | -1.04B | 786.06M | -888.11M | 1.51B | 854.78M |
| Change in Accounts Receivable | 897.70M | 466.73M | -1.45B | -62.30M | 399.91M | -544.11M |
| Change in Inventory | -697.17M | -2.43B | -1.36B | -1.57B | -1.49B | 2.59B |
| Change in Accounts Payable | 624.84M | 994.61M | 985.59M | 253.20M | 1.27B | 32.81M |
| Change in Unearned Revenue | 2.17B | 870.22M | 4.16B | 2.93B | 2.26B | 1.28B |
| Change in Income Taxes | -587.64M | -357.01M | -314.94M | 487.85M | -70.96M | 3.64M |
| Change in Other Net Operating Assets | -75.04M | 2.38B | -810.73M | -57.19M | -507.62M | -2.00B |
| Operating Cash Flow | 6.28B | 4.48B | 5.53B | 2.83B | 3.84B | 2.85B |
| Capital Expenditures | -1.08B | -1.04B | -1.07B | -1.19B | -701.87M | -549.84M |
| Sale of Property, Plant & Equipment | 74.65M | 93.99M | 68.87M | 95.68M | 28.32M | 19.61M |
| Cash Acquisitions | -66.86M | -66.86M | -95.41M | -124.31M | -2.02M | -25.63M |
| Sale (Purchase) of Intangibles | -1.56B | -1.65B | -1.45B | -954.99M | -617.22M | -906.10M |
| Investment in Securities | 1.30B | 593.13M | -974.08M | 187.60M | 693.71M | 664.73M |
| Other Investing Activities | 2.87M | 30.18M | 4.45M | 7.12M | ||
| Investing Cash Flow | -1.90B | -2.58B | -3.21B | -2.25B | -594.63M | -790.11M |
| Long-Term Debt Issued | 16.37B | 4.22B | 9.93B | 766.11M | 337.89M | |
| Long-Term Debt Repaid | -15.75B | -6.48B | -11.63B | -4.93B | -2.70B | |
| Lease Payments | -125.69M | -132.30M | -102.72M | -68.25M | -60.87M | -56.07M |
| Net Debt Issued (Repaid) | 1.58B | 624.97M | -2.26B | -1.70B | -4.17B | -2.37B |
| Repurchase of Common Stock | -1.88B | -1.00B | -13.48M | |||
| Common Dividends Paid | -460.05M | -130.81M | -66.65M | |||
| Other Financing Activities | 1.29B | 1.29B | 350.55M | 46.90M | 792.70M | |
| Financing Cash Flow | 537.99M | 787.54M | -1.91B | -1.72B | -3.37B | -2.38B |
| Foreign Exchange Rate Adjustments | -1.31B | -1.64B | 1.40B | -453.81M | -659.21M | 791.17M |
| Net Cash Flow | 3.61B | 1.05B | 1.81B | -1.60B | -787.17M | 474.32M |
| Free Cash Flow | 5.20B | 3.44B | 4.46B | 1.64B | 3.14B | 2.30B |
| Free Cash Flow Margin | 11.78% | 8.21% | 12.60% | 6.28% | 13.39% | 10.16% |
| Free Cash Flow Per Share | 7.19 | 4.70 | 6.08 | 2.23 | 4.27 | 3.13 |
| Levered Free Cash Flow | 1.67B | 889.78M | 1.41B | 279.25M | 2.01B | 662.35M |
| Unlevered Free Cash Flow | 2.40B | 1.58B | 2.12B | 1.01B | 2.69B | 1.49B |
| Free Cash Flow After Leases | 5.07B | 3.31B | 4.36B | 1.57B | 3.08B | 2.25B |
| Cash Interest Paid | 880.92M | 899.94M | 931.53M | 859.16M | 947.65M | 1.12B |
| Cash Income Tax Paid | 446.73M | 411.20M | 569.34M | 598.21M | 260.32M | 121.49M |
| Change in Working Capital | 2.33B | 1.92B | 1.21B | 1.97B | 1.87B | 1.37B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.06B | 11.80B | 6.67B | 3.39B | 1.99B | 3.27B |
| Enterprise Value | 13.87B | 12.76B | 8.05B | 5.05B | 3.79B | 5.25B |
| Last Close Price | 75.32 | 64.10 | 36.26 | 18.24 | 10.81 | 17.55 |
| PE Ratio | 31.79 | 33.28 | 21.51 | 20.99 | ||
| PS Ratio | 1.53 | 1.55 | 1.17 | 0.63 | 0.45 | 0.80 |
| PB Ratio | 3.41 | 3.10 | 1.99 | 1.12 | 0.71 | 1.18 |
| P/TBV Ratio | 3.84 | 3.48 | 2.20 | 1.25 | 0.81 | 1.35 |
| P/FCF Ratio | 13.66 | 18.90 | 9.25 | 10.03 | 3.35 | 7.92 |
| P/OCF Ratio | 11.30 | 14.49 | 7.46 | 5.82 | 2.74 | 6.39 |
| EV/Sales Ratio | 1.63 | 1.68 | 1.41 | 0.94 | 0.85 | 1.29 |
| EV/EBITDA Ratio | 15.11 | 16.79 | 13.57 | 9.11 | 64.07 | 19.30 |
| EV/EBIT Ratio | 18.07 | 20.59 | 16.40 | 16.47 | 32.47 | |
| EV/FCF Ratio | 14.51 | 20.44 | 11.16 | 14.95 | 6.38 | 12.70 |
| Debt / Equity Ratio | 0.69 | 0.73 | 0.79 | 0.98 | 1.16 | 1.47 |
| Debt / EBITDA Ratio | 2.87 | 3.65 | 4.47 | 5.37 | 54.67 | 14.33 |
| Debt / FCF Ratio | 2.63 | 4.44 | 3.67 | 8.81 | 5.44 | 9.91 |
| Net Debt / Equity Ratio | 0.13 | 0.04 | 0.13 | 0.27 | 0.34 | 0.55 |
| Net Debt / EBITDA Ratio | 0.52 | 0.20 | 0.75 | 1.50 | 16.08 | 5.60 |
| Net Debt / FCF Ratio | 0.48 | 0.24 | 0.61 | 2.46 | 1.60 | 3.69 |
| Asset Turnover | 0.66 | 0.58 | 0.56 | 0.50 | 0.43 | 0.41 |
| Inventory Turnover | 1.87 | 1.91 | 1.88 | 1.74 | 1.61 | 1.61 |
| Quick Ratio | 0.64 | 0.74 | 0.75 | 0.86 | 1.01 | 1.24 |
| Current Ratio | 1.44 | 1.50 | 1.48 | 1.65 | 1.79 | 2.08 |
| Return on Equity (ROE) | 12.19% | 9.56% | 10.86% | 5.33% | -6.93% | -1.75% |
| Return on Assets (ROA) | 3.70% | 2.96% | 3.03% | 1.77% | -0.27% | 1.01% |
| Return on Invested Capital (ROIC) | 14.46% | 15.09% | 8.91% | 7.73% | -1.10% | -8.18% |
| Return on Capital Employed (ROCE) | 9.50% | 7.60% | 6.60% | 4.30% | -0.70% | 2.20% |
| Earnings Yield | 3.15% | 3.00% | 4.65% | 4.76% | -9.07% | -1.51% |
| FCF Yield | 7.32% | 5.29% | 10.81% | 9.97% | 29.86% | 12.63% |
| Dividend Yield | 0.90% | 0.80% | 0.12% | |||
| Payout Ratio | 28.75% | 6.70% | 8.51% | |||
| Buyback Yield / Dilution | 1.51% | 0.30% | 0.00% | 0.01% | 0.19% | |
| Total Shareholder Return | 2.41% | 1.10% | 0.12% | 0.01% | 0.19% |