Is JetBlue The Best Airline Stock?
Following a general trend of improvement among airline stocks, shares…
| Period Ending | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Revenue | $777.4M | $854.9M | $774.8M | $800.9M | $856.9M | |
| Revenue Growth (YoY) | -2.62% | 9.97% | -9.38% | 3.37% | 6.99% | |
| Cost of Revenues | $572.9M | $641.8M | $574.6M | $576.9M | $620.1M | |
| Gross Profit | $204.5M | $213.1M | $200.2M | $224M | $236.8M | |
| Gross Profit Margin | 26.31% | 24.93% | 25.84% | 27.97% | 27.63% | |
| R&D Expenses | $8.8M | $8.6M | $7.5M | $7.4M | $8.8M | |
| Selling, General & Admin | $128.6M | $125.9M | $115.5M | $118.2M | $128.1M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $127.4M | $124.1M | $115.4M | $118.7M | $128.1M | |
| Operating Income | $77.1M | $89.1M | $84.8M | $105.3M | $108.7M | |
| Net Interest Expenses | $179.1K | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | $86M | $100.2M | $90.6M | $112.3M | $114M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $26.7M | $27.4M | $26.7M | $27M | $34.7M | |
| Net Income to Company | $86M | $100.2M | $90.6M | $112.3M | $114M | |
| Minority Interest in Earnings | -$75.4K | $106.8K | $88.5K | $193.6K | $505.1K | |
| Net Income to Common Excl Extra Items | $59.3M | $72.8M | $63.9M | $85.3M | $79.3M | |
| Basic EPS (Cont. Ops) | $2.96 | $3.63 | $3.18 | $4.26 | $1.97 | |
| Diluted EPS (Cont. Ops) | $2.96 | $3.63 | $3.18 | $4.26 | $1.97 | |
| Weighted Average Basic Share | $40.1M | $40.1M | $40.1M | $40M | $40.1M | |
| Weighted Average Diluted Share | $40.1M | $40.1M | $40.1M | $40M | $40.1M | |
| EBITDA | $92.4M | $101.2M | $94.3M | $114.6M | $119M | |
| EBIT | $77.1M | $89.1M | $84.8M | $105.3M | $108.7M | |
| Revenue (Reported) | $777.4M | $854.9M | $774.8M | $800.9M | $856.9M | |
| Operating Income (Reported) | $77.1M | $89.1M | $84.8M | $105.3M | $108.7M | |
| Operating Income (Adjusted) | $77.1M | $89.1M | $84.8M | $105.3M | $108.7M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $224.4M | $183.6M | $191.8M | $216.8M | $235.9M | |
| Revenue Growth (YoY) | 9.13% | -18.18% | 4.47% | 13.02% | 8.82% | |
| Cost of Revenues | $165M | $134.3M | $138.4M | $158.3M | $169.9M | |
| Gross Profit | $59.5M | $49.3M | $53.4M | $58.5M | $66M | |
| Gross Profit Margin | 26.49% | 26.87% | 27.86% | 26.98% | 27.96% | |
| R&D Expenses | $2.3M | $1.8M | $1.9M | -- | -- | |
| Selling, General & Admin | $32.7M | $29M | $29.2M | $32.1M | $36.9M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $32.1M | $29M | $29.2M | $32.1M | $36.9M | |
| Operating Income | $27.4M | $20.3M | $24.2M | $26.4M | $29.1M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | $28.9M | $23.5M | $26.3M | $24.1M | $31.6M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $7.9M | $6.8M | $7.7M | $6.7M | $10.3M | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -$18.2K | $14.5K | $145.3K | $113.9K | $74.6K | |
| Net Income to Common Excl Extra Items | $21M | $16.7M | $18.6M | $17.4M | $21.3M | |
| Basic EPS (Cont. Ops) | $1.05 | $0.83 | $0.92 | $0.86 | $0.53 | |
| Diluted EPS (Cont. Ops) | $1.05 | $0.83 | $0.92 | $0.86 | $0.53 | |
| Weighted Average Basic Share | $40.1M | $40.1M | $40.1M | $40.1M | $40.1M | |
| Weighted Average Diluted Share | $40.1M | $40.1M | $40.1M | $40.1M | $40.1M | |
| EBITDA | $30.4M | $22.6M | $26.4M | $28.9M | $32.2M | |
| EBIT | $27.4M | $20.3M | $24.2M | $26.4M | $29.1M | |
| Revenue (Reported) | $224.4M | $183.6M | $191.8M | $216.8M | $235.9M | |
| Operating Income (Reported) | $27.4M | $20.3M | $24.2M | $26.4M | $29.1M | |
| Operating Income (Adjusted) | $27.4M | $20.3M | $24.2M | $26.4M | $29.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $851.7M | $787.8M | $792.9M | $821M | $922.7M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $623.8M | $599.9M | $577.4M | $595M | $664M | |
| Gross Profit | $227.9M | $187.9M | $215.5M | $226M | $258.6M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $9.6M | $7.9M | $7.6M | -- | -- | |
| Selling, General & Admin | $131.3M | $118.7M | $117.2M | $121.7M | $140.7M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $130.2M | $118.1M | $117.6M | $121.9M | $140.8M | |
| Operating Income | $97.7M | $69.9M | $97.9M | $104.1M | $117.9M | |
| Net Interest Expenses | $122.5K | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | $110.2M | $86.5M | $103.1M | $106.3M | $123.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $32.1M | $24.4M | $30.2M | $25M | $38.9M | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | $26.4K | $67.5K | $196.9K | $213.3K | $594.3K | |
| Net Income to Common Excl Extra Items | $78.1M | $62.1M | $72.9M | $81.4M | $85M | |
| Basic EPS (Cont. Ops) | $3.90 | $3.09 | $3.62 | $4.06 | $2.11 | |
| Diluted EPS (Cont. Ops) | $3.90 | $3.09 | $3.62 | $4.06 | $2.11 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $111.6M | $80.7M | $107.3M | $113.8M | $129.1M | |
| EBIT | $97.7M | $69.9M | $97.9M | $104.1M | $117.9M | |
| Revenue (Reported) | $851.7M | $787.8M | $792.9M | $821M | $922.7M | |
| Operating Income (Reported) | $97.7M | $69.9M | $97.9M | $104.1M | $117.9M | |
| Operating Income (Adjusted) | $97.7M | $69.9M | $97.9M | $104.1M | $117.9M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $428.5M | $361.3M | $379.5M | $400.7M | $465.8M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $312.1M | $270.6M | $273.5M | $292.4M | $335.8M | |
| Gross Profit | $116.4M | $90.7M | $106M | $108.3M | $130M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $4.4M | $3.6M | $3.7M | -- | -- | |
| Selling, General & Admin | $64.6M | $57.4M | $59M | $62.4M | $75M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $63.5M | $57.4M | $59.2M | $62.4M | $75.1M | |
| Operating Income | $52.9M | $33.4M | $46.7M | $45.9M | $54.9M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | $55.3M | $41.4M | $53.7M | $47.9M | $57.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $15.7M | $12.5M | $16M | $13.8M | $18.1M | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | $45.8K | $6.8K | $116.2K | $139.6K | $226.9K | |
| Net Income to Common Excl Extra Items | $39.7M | $28.8M | $37.7M | $34M | $39.7M | |
| Basic EPS (Cont. Ops) | $1.98 | $1.44 | $1.88 | $1.69 | $0.99 | |
| Diluted EPS (Cont. Ops) | $1.98 | $1.44 | $1.88 | $1.69 | $0.99 | |
| Weighted Average Basic Share | $80.1M | $80.2M | $80.2M | $80.1M | $80.1M | |
| Weighted Average Diluted Share | $80.1M | $80.2M | $80.2M | $80.1M | $80.1M | |
| EBITDA | $58.8M | $37.9M | $51.2M | $50.7M | $60.7M | |
| EBIT | $52.9M | $33.4M | $46.7M | $45.9M | $54.9M | |
| Revenue (Reported) | $428.5M | $361.3M | $379.5M | $400.7M | $465.8M | |
| Operating Income (Reported) | $52.9M | $33.4M | $46.7M | $45.9M | $54.9M | |
| Operating Income (Adjusted) | $52.9M | $33.4M | $46.7M | $45.9M | $54.9M | |
| Period Ending | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $361.2M | $363.9M | $348.6M | $358.4M | $357.1M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $176.9M | $179.2M | $186.9M | $190.2M | $205.5M | |
| Inventory | $54.3M | $50.7M | $64.1M | $55.4M | $72.5M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $29.1M | $47M | $44.9M | $57.7M | $52M | |
| Total Current Assets | $607.1M | $602.6M | $605.3M | $613.2M | $644.1M | |
| Property Plant And Equipment | $159.5M | $142.8M | $135.4M | $126M | $174.6M | |
| Long-Term Investments | $73.7M | $70.4M | $68.5M | $80.5M | $78.6M | |
| Goodwill | -- | -- | -- | -- | $4.8M | |
| Other Intangibles | -- | -- | -- | $3.7M | $4.2M | |
| Other Long-Term Assets | $31.8M | $31.8M | $31.5M | $35.7M | $35.1M | |
| Total Assets | $877M | $854.4M | $849M | $862.5M | $946.6M | |
| Accounts Payable | $188.6M | $179.2M | $156M | $162.3M | $151.6M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | $51.4M | $35.8M | $40M | $36.3M | $43.7M | |
| Total Current Liabilities | $276.6M | $246.8M | $236.5M | $233.6M | $241M | |
| Long-Term Debt | $9.1K | $8.2K | -- | -- | $180.6K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $291.5M | $261.9M | $248.6M | $249.1M | $256.5M | |
| Common Stock | $25M | $22.7M | $20.7M | $18.2M | $18.5M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $1.2B | $1.2B | $1.2B | $1.2B | $685.4M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $371K | $461.4K | $548.5K | $740K | $4.8M | |
| Total Equity | $585.5M | $592.5M | $600.4M | $613.3M | $690.2M | |
| Total Liabilities and Equity | $877M | $854.4M | $849M | $862.5M | $946.6M | |
| Cash and Short Terms | $361.2M | $363.9M | $348.6M | $358.4M | $357.1M | |
| Total Debt | $9.1K | $8.2K | -- | -- | $280.9K | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $396.1M | $297.8M | $331.6M | $356.9M | $334.1M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $179.2M | $152.7M | $164.4M | $188.4M | $198.8M | |
| Inventory | $58.4M | $60M | $63.3M | $75.8M | $79.3M | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $30.8M | $46.9M | $46.8M | $55.4M | -- | |
| Total Current Assets | $643.5M | $518.1M | $567.2M | $630.9M | $625.1M | |
| Property Plant And Equipment | $158.3M | $122.4M | $125.5M | $172.2M | $217.9M | |
| Long-Term Investments | $75.2M | $58M | $65.1M | $85.5M | $81.2M | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | $31.7M | $28.8M | $32.5M | $39.6M | -- | |
| Total Assets | $915M | $733.7M | $796.9M | $937.2M | $985.5M | |
| Accounts Payable | $206.1M | $136.7M | $154.3M | $153.6M | $151M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | $41.9M | $39.9M | $34M | $52.1M | -- | |
| Total Current Liabilities | $288.4M | $206.8M | $225M | $245.4M | $242M | |
| Long-Term Debt | $107.6K | $103.6K | -- | -- | $257.3K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $304.3M | $218M | $235.9M | $261.7M | $269.3M | |
| Common Stock | $24.7M | $19.1M | $18.5M | $19.3M | $18.7M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $430.2K | $449.1K | $676.8K | $4.9M | $5M | |
| Total Equity | $610.6M | $515.7M | $561M | $675.4M | $716.2M | |
| Total Liabilities and Equity | $914.9M | $733.6M | $796.9M | $937.1M | $985.5M | |
| Cash and Short Terms | $396.1M | $297.8M | $331.6M | $356.9M | $334.1M | |
| Total Debt | $107.6K | $103.6K | -- | -- | $257.3K | |
| Period Ending | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $86M | $100.2M | $90.6M | $112.3M | $114M | |
| Depreciation & Amoritzation | $15.4M | $12.2M | $9.5M | $9.3M | $10.3M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | $9.9M | -$11.9M | -$16.8M | -$26.5M | -$1.5M | |
| Change in Inventories | -$2.4M | -$5M | -$17M | $1.5M | -$10.2M | |
| Cash From Operations | $105.4M | $58.5M | $40.7M | $87M | $68.1M | |
| Capital Expenditures | $15.8M | $12.2M | $14.8M | $16.5M | $49.2M | |
| Cash Acquisitions | -- | -- | $110.7K | -- | $12.6M | |
| Cash From Investing | -$15.6M | -$13.4M | -$16.7M | -$19.9M | -$62.4M | |
| Dividends Paid (Ex Special Dividend) | $9.1M | $9.5M | $9.2M | $10.1M | $13.8M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | $5.8M | -- | |
| Other Financing Activities | -$9.4K | -- | -$7.4K | $20.8K | -$19.7K | |
| Cash From Financing | -$10.3M | -$9.5M | -$9.2M | -$15.9M | -$13.9M | |
| Beginning Cash (CF) | $358.1M | $362.1M | $347M | $357M | $353.3M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $78.4M | $39M | $16.4M | $54.2M | -$7.9M | |
| Ending Cash (CF) | $435.5M | $404.4M | $365M | $414.2M | $345.9M | |
| Levered Free Cash Flow | $89.6M | $46.3M | $25.8M | $70.6M | $18.8M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | $393.1M | $296.4M | $331.6M | $356.9M | $330.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
| Period Ending | 2007-12-31 | 2008-12-31 | 2009-12-31 | 2010-12-31 | 2011-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | $14.3M | $26.1M | -- | |
| Depreciation & Amoritzation | -- | -- | $7.9M | $6.8M | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | $9.3M | -$905K | -- | |
| Change in Inventories | -- | -- | -$672.7K | -$1.1M | -- | |
| Cash From Operations | $29.6M | $3M | $28M | $45.9M | -- | |
| Capital Expenditures | -- | $3.1M | $6.5M | $1.4M | $575.9K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$6.4M | -$5.3M | -$6.2M | -$2.3M | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | $2.1M | $2.6M | $117.5K | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -$3.9M | -- | |
| Repurchase of Common Stock | -- | -- | $900 | $3.9M | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$2M | -$2.1M | $2.3M | -$12M | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $21.2M | -$5.1M | $23.1M | $30.3M | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | $29.6M | $3M | $21.5M | $44.5M | -- | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | $771.8M | $603.6M | $647M | $683.4M | $689.5M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
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