Embraer S.a. key statistics and ratios

In fiscal 2025, Embraer S.a. had return on equity of 10.8%, an operating margin of 8.0%, debt equal to 0.0% of equity and a current ratio of 1.50. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Embraer S.a.: financial ratios, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	18.7%	19.7%	11.7%	15.1%	14.6%	12.7%	15.7%	20.1%	17.3%	18.0%	17.5%
Operating margin	5.6%	3.4%	−7.7%	0.7%	−1.4%	−8.6%	4.8%	−2.4%	6.0%	10.4%	8.0%
Net margin	1.2%	2.9%	10.4%	−3.5%	−5.9%	−19.4%	−1.1%	−4.1%	3.1%	5.5%	4.6%
Free-cash-flow margin	8.8%	−6.4%	20.2%	18.8%	11.2%	−36.9%	9.9%	13.5%	7.2%	10.5%	9.0%
Return on equity	1.8%	4.7%	6.7%	−4.5%	−8.7%	−23.0%	−1.6%	−7.1%	6.1%	12.0%	10.8%
Return on assets	0.6%	2.7%	3.9%	−1.5%	−3.0%	−7.0%	−0.4%	−1.8%	1.6%	3.1%	2.8%
Asset turnover	0.51	0.92	0.37	0.44	0.50	0.36	0.41	0.45	0.50	0.57	0.61
Current ratio	2.05	2.11	2.53	2.33	1.34	2.52	2.08	1.79	1.65	1.47	1.50
Debt to equity	—	9.7%	9.0%	8.9%	0.5%	0.5%	—	0.0%	0.0%	0.0%	0.0%
Interest cover (operating income ÷ interest)	—	1.2x	n/m	0.2x	n/m	n/m	0.8x	n/m	1.5x	3.5x	3.6x
Effective tax rate	76.0%	0.2%	—	—	—	—	—	—	−36.1%	36.3%	−34.2%
R&D as % of revenue	0.7%	0.8%	0.9%	0.9%	0.9%	0.8%	1.0%	2.4%	1.7%	0.9%	1.0%
Capital spending as % of revenue	5.8%	6.3%	9.3%	3.0%	5.2%	2.7%	2.4%	3.0%	4.5%	3.1%	2.5%
Free cash flow ÷ net income	752.9%	−223.5%	195.2%	—	—	—	—	—	230.7%	190.3%	194.0%
Dividends and buybacks ÷ free cash flow	—	—	2.9%	—	—	—	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · December 31, 2025

What it owns · $12.9bn

Short-term assets $7.2bnLonger-term assets $5.8bn

What it owes, and who funded it · $12.6bn

Short-term liabilities $4.8bnLonger-term liabilities $4.3bnShareholders' equity $3.4bn

Short-term assets cover short-term liabilities $7.2bn of assets due within a year against $4.8bn of liabilities due within a year.
Short-term assets cover long-term liabilities $7.2bn short-term assets against $4.3bn of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Operating income of $608m against $168m of interest.

From Embraer S.a.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Embraer S.a.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Embraer S.a.