NYSE : VLRS

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. — Financial statements

Industrials · Airlines · Mexico

Last price 6.2 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 705.26M

Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports

Financial statements

Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (VLRS) reported revenue of 3.55B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue3.55B3.04B3.14B3.26B2.85B2.22B
Cost of Revenue2.88B2.36B2.18B2.37B2.27B1.37B
Gross Profit674.20M673.20M957.92M886.59M580.35M855.87M
Selling, General & Admin166.21M144.21M169.47M167.34M124.29M96.70M
Other Operating Expenses-7.24M-69.24M-33.56M126.97M97.07M64.65M
Operating Expenses696.32M574.32M578.33M675.70M556.21M447.01M
Operating Income-22.12M98.88M379.59M210.90M24.14M408.86M
Interest Expense-311.29M-304.29M-284.15M-211.79M-187.35M-134.53M
Interest & Investment Income41.84M47.84M49.44M38.22M12.90M3.53M
Currency Exchange Gain (Loss)-13.94M13.06M13.66M-34.15M3.58M-124.16M
Other Non Operating Income (Expenses)-9.85M-9.85M-9.49M-7.56M-5.18M-26.22M
EBT Excluding Unusual Items-315.36M-154.36M149.06M-4.37M-151.91M127.48M
Gain (Loss) on Sale of Assets36.11M36.11M33.63M11.81M19.55M9.55M
Pretax Income-279.25M-118.25M182.69M7.44M-132.36M137.03M
Income Tax Expense-58.38M-14.38M56.31M-377.00K-52.14M30.57M
Net Income-220.87M-103.87M126.38M7.82M-80.22M106.45M
Net Income to Common-220.87M-103.87M126.38M7.82M-80.22M106.45M
Shares Outstanding (Basic)1.15B1.15B1.15B1.15B1.16B1.15B
Shares Outstanding (Diluted)1.15B1.15B1.17B1.17B1.17B1.17B
EPS (Basic)-0.19-0.090.110.01-0.070.09
EPS (Diluted)-0.20-0.090.110.01-0.070.09
Free Cash Flow717.24M458.24M506.65M249.07M266.45M599.24M
Free Cash Flow Per Share0.620.400.430.210.230.51
Gross Margin18.99%22.16%30.49%27.21%20.38%38.52%
Operating Margin-0.62%3.26%12.08%6.47%0.85%18.40%
Profit Margin-6.22%-3.42%4.02%0.24%-2.82%4.79%
Free Cash Flow Margin20.21%15.09%16.13%7.64%9.36%26.97%
EBITDA177.08M295.08M554.86M338.30M114.93M459.16M
EBITDA Margin4.99%9.71%17.66%10.38%4.04%20.67%
D&A For EBITDA199.20M196.20M175.27M127.40M90.79M50.30M
EBIT-22.12M98.88M379.59M210.90M24.14M408.86M
EBIT Margin-0.62%3.26%12.08%6.47%0.85%18.40%
Effective Tax Rate30.83%22.31%
Revenue as Reported3.55B3.04B3.14B3.26B2.85B2.20B

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents803.00M753.88M907.98M774.15M711.85M741.12M
Short-Term Investments20.00M20.21M45.74M15.27M
Cash & Short-Term Investments823.00M774.09M953.72M789.42M711.85M741.12M
Accounts Receivable336.00M8.35M5.99M3.76M65.00M52.01M
Other Receivables226.16M112.73M239.56M178.65M60.09M
Receivables336.00M234.51M118.71M243.32M243.65M112.11M
Inventory21.00M16.73M16.63M16.12M15.76M14.40M
Prepaid Expenses114.00M33.97M27.82M29.96M23.22M23.82M
Other Current Assets229.00M334.05M265.17M168.83M71.60M87.53M
Total Current Assets1.52B1.39B1.38B1.25B1.07B978.98M
Property, Plant & Equipment3.44B3.16B3.06B2.75B2.47B2.12B
Long-Term Investments1.68M1.58M
Other Intangible Assets43.00M38.27M25.96M16.22M12.72M12.63M
Long-Term Deferred Tax Assets488.00M359.77M286.20M236.03M208.01M141.27M
Other Long-Term Assets310.00M682.24M954.44M890.77M705.01M733.67M
Total Assets5.80B5.64B5.70B5.15B4.47B3.98B
Accounts Payable268.00M187.49M161.24M233.86M194.86M108.16M
Accrued Expenses405.00M242.97M202.63M169.16M190.23M189.39M
Current Portion of Long-Term Debt165.00M261.72M283.62M220.29M112.15M196.90M
Current Portion of Leases457.00M409.12M391.16M372.70M335.62M283.84M
Current Income Taxes Payable18.00M11.59M28.74M8.31M5.74M4.19M
Current Unearned Revenue501.00M388.60M363.63M347.11M351.49M307.65M
Other Current Liabilities456.00M414.74M339.25M270.16M229.66M161.40M
Total Current Liabilities2.27B1.92B1.77B1.62B1.42B1.25B
Long-Term Debt433.00M441.12M526.36M432.78M160.89M108.04M
Long-Term Leases2.74B2.74B2.67B2.52B2.37B2.13B
Pension & Post-Retirement Benefits19.00M15.38M12.79M14.64M10.99M3.97M
Long-Term Deferred Tax Liabilities10.00M11.58M17.93M15.71M10.46M11.19M
Other Long-Term Liabilities292.00M244.25M341.18M299.92M257.74M168.41M
Total Liabilities5.76B5.37B5.34B4.90B4.23B3.67B
Common Stock248.00M248.28M248.28M248.28M248.28M248.28M
Additional Paid-In Capital286.00M283.18M283.36M282.04M283.17M281.04M
Retained Earnings-334.00M-108.22M-4.35M-130.72M-138.54M-58.32M
Treasury Stock-13.00M-12.71M-12.79M-11.55M-12.87M-8.65M
Comprehensive Income & Other-145.00M-146.75M-149.69M-145.45M-145.31M-149.21M
Shareholders' Equity42.00M263.78M364.81M242.59M234.74M313.14M
Total Liabilities & Equity5.80B5.64B5.70B5.15B4.47B3.98B
Total Debt3.79B3.86B3.87B3.54B2.98B2.72B
Net Cash (Debt)-2.97B-3.08B-2.92B-2.76B-2.27B-1.98B
Net Cash Per Share-2.59-2.68-2.50-2.36-1.95-1.70
Filing Date Shares Outstanding1.15B1.15B1.15B1.15B1.17B1.17B
Total Common Shares Outstanding1.15B1.15B1.15B1.15B1.17B1.17B
Working Capital-747.00M-522.89M-388.21M-373.94M-353.66M-272.55M
Book Value Per Share0.040.230.320.210.200.27
Tangible Book Value-1.00M225.51M338.86M226.38M222.01M300.50M
Tangible Book Value Per Share-0.000.200.290.200.190.26
Buildings11.15M9.15M8.80M7.56M7.46M
Machinery553.61M420.69M211.74M119.05M114.56M
Construction In Progress17.04M14.24M27.14M31.90M26.52M
Leasehold Improvements595.82M728.20M579.35M421.13M258.88M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income-220.87M-103.87M126.38M7.82M-80.22M106.45M
Depreciation & Amortization682.77M644.77M585.20M489.42M411.23M319.65M
Other Amortization11.97M11.97M7.85M6.89M6.70M6.75M
Loss (Gain) From Sale of Assets-36.11M-36.11M-33.63M-11.81M-19.55M-9.55M
Stock-Based Compensation6.27M6.27M5.18M5.77M709.00K-1.27M
Provision & Write-off of Bad Debts869.00K869.00K818.00K1.33M1.67M795.00K
Other Operating Activities488.48M150.48M323.05M209.25M87.18M247.78M
Change in Accounts Receivable68.77M68.77M63.36M-7.78M49.67M-15.79M
Change in Inventory-93.00K-93.00K-516.00K-359.00K-1.36M-857.00K
Change in Accounts Payable23.98M23.98M-70.07M36.62M86.63M6.17M
Change in Unearned Revenue18.02M18.02M-623.00K-3.07M42.49M20.02M
Change in Income Taxes-20.92M-20.92M74.68M69.61M-33.29M16.92M
Change in Other Net Operating Assets-14.31M-14.31M8.05M-73.85M61.76M88.28M
Operating Cash Flow1.01B749.83M1.09B729.83M613.60M785.36M
Capital Expenditures-291.59M-291.59M-583.08M-480.75M-347.15M-186.12M
Sale of Property, Plant & Equipment5.55M5.55M122.00K1.99M17.94M
Cash Acquisitions-79.00K
Sale (Purchase) of Intangibles-24.28M-24.28M-17.60M-10.39M-6.79M-10.06M
Investment in Securities25.53M25.53M-31.84M-17.01M
Other Investing Activities225.98M195.98M159.99M45.99M221.25M43.68M
Investing Cash Flow-58.81M-88.81M-472.52M-462.04M-130.69M-134.65M
Long-Term Debt Issued148.80M385.24M456.81M155.36M114.70M
Long-Term Debt Repaid-890.68M-791.48M-626.98M-645.57M-535.90M
Lease Payments-631.02M-631.02M-583.39M-529.07M-449.00M-458.97M
Net Debt Issued (Repaid)-741.87M-741.87M-406.24M-170.18M-490.21M-421.20M
Issuance of Common Stock1.03M2.86M
Repurchase of Common Stock-4.70M-4.70M-5.07M-4.02M-5.24M-4.37M
Other Financing Activities-182.28M-72.28M-60.26M-41.22M-17.64M-12.48M
Financing Cash Flow-928.85M-818.85M-471.57M-214.39M-513.09M-435.18M
Foreign Exchange Rate Adjustments2.74M3.74M-11.81M8.91M911.00K19.13M
Net Cash Flow23.90M-154.10M133.83M62.30M-29.27M234.65M
Free Cash Flow717.24M458.24M506.65M249.07M266.45M599.24M
Free Cash Flow Margin20.21%15.09%16.13%7.64%9.36%26.97%
Free Cash Flow Per Share0.620.400.430.210.230.51
Levered Free Cash Flow420.14M177.75M153.99M-36.84M47.51M403.72M
Unlevered Free Cash Flow614.70M367.93M331.58M95.53M164.60M487.80M
Free Cash Flow After Leases86.22M-172.78M-76.74M-280.00M-182.55M140.27M
Cash Interest Paid71.14M71.14M58.45M37.18M17.64M12.48M
Cash Income Tax Paid119.89M119.89M18.42M37.72M51.24M3.19M
Change in Working Capital75.44M75.44M74.89M21.16M205.89M114.75M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization729.99M1.02B863.37M1.10B974.93M2.09B
Enterprise Value3.58B4.15B3.58B3.81B3.19B4.01B
Last Close Price6.418.887.449.388.3617.97
PE Ratio6.83141.1319.63
PS Ratio0.210.340.280.340.340.94
PB Ratio17.383.872.374.554.156.67
P/TBV Ratio4.522.554.884.396.95
P/FCF Ratio1.022.231.704.433.663.49
P/OCF Ratio0.721.360.791.511.592.66
EV/Sales Ratio1.011.371.141.171.121.81
EV/EBITDA Ratio20.2114.066.4611.2627.768.74
EV/EBIT Ratio41.969.4418.07132.149.82
EV/FCF Ratio4.999.057.0715.3011.976.70
Debt / Equity Ratio90.3314.6210.6114.6112.708.68
Debt / EBITDA Ratio5.745.194.015.066.853.73
Debt / FCF Ratio5.298.417.6414.2311.194.53
Net Debt / Equity Ratio70.7411.688.0011.369.676.31
Net Debt / EBITDA Ratio16.7810.455.268.1419.754.30
Net Debt / FCF Ratio4.146.735.7611.068.523.30
Asset Turnover0.620.540.580.680.670.60
Inventory Turnover157.72141.75133.37148.85150.3596.25
Quick Ratio0.510.530.610.640.670.68
Current Ratio0.670.730.780.770.750.78
Return on Equity (ROE)-145.09%-33.05%41.61%3.28%-29.29%46.97%
Return on Assets (ROA)-0.24%1.09%4.37%2.74%0.36%6.90%
Return on Invested Capital (ROIC)-0.72%2.98%8.36%7.67%1.01%14.43%
Return on Capital Employed (ROCE)-0.60%2.70%9.70%6.00%0.80%15.00%
Earnings Yield-29.88%-10.18%14.64%0.71%-8.23%5.09%
FCF Yield98.25%44.93%58.68%22.57%27.33%28.68%
Buyback Yield / Dilution0.05%1.43%-0.03%-0.03%0.04%-15.98%