Embraer
EMBJ · NYSEAircraft
Embraer reported revenue of $7.6B in the fiscal year ended Dec 2025, up 18.5% from the year before. Operating income was $608M, an operating margin of 8.0%, and net income was $359M. Operating cash flow of $870M less capital expenditure of $187M left free cash flow of $683M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $5.3B | $6.4B | $7.6B |
| Cost of revenue | $3.5B | $3.6B | $4.4B | $5.2B | $6.2B |
| Gross profit | $660M | $912M | $910M | $1.2B | $1.3B |
| Research & development | $43M | $110M | $90M | $55M | $74M |
| Operating income | $201M | −$111M | $315M | $668M | $608M |
| Interest expense | $274M | $290M | $322M | $416M | $615M |
| Pre-tax income | $27M | −$206M | $121M | $557M | $268M |
| Income tax | $71M | −$2M | −$44M | $202M | −$91M |
| Net income | −$44M | −$204M | $164M | $355M | $359M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.8B | $1.8B | $1.6B | $1.6B | $1.9B |
| Inventory | $2B | $2.3B | $2.6B | $2.9B | $3.3B |
| Current assets | $5.9B | $5.8B | $6.1B | $6.5B | $7.2B |
| Net PP&E | $1.7B | $1.6B | $1.8B | $1.9B | $2.1B |
| Total assets | $10.2B | $10.1B | $10.8B | $11.8B | $12.9B |
| Payables | $495M | $740M | $787M | $966M | $1.1B |
| Current liabilities | $2.8B | $3.2B | $3.7B | $4.4B | $4.8B |
| Total liabilities | $7.4B | $7.3B | $7.7B | $8.5B | $9.1B |
| Shareholders' equity | $2.7B | $2.6B | $2.8B | $3.1B | $3.4B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $515M | $751M | $617M | $871M | $870M |
| Capital expenditure | $102M | $136M | $239M | $200M | $187M |
| Free cash flow | $414M | $615M | $378M | $671M | $683M |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.2% | 16.0% | 21.4% | 18.5% |
| Operating income growth (YoY) | – | −154.9% | – | 112.2% | −9.0% |
| Gross margin | 15.7% | 20.1% | 17.3% | 18.0% | 17.5% |
| Operating margin | 4.8% | −2.4% | 6.0% | 10.4% | 8.0% |
| Net margin | −1.0% | −4.5% | 3.1% | 5.5% | 4.7% |
| Return on equityBlank when equity is negative | −1.6% | −7.9% | 5.9% | 11.5% | 10.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 2.7% | −1.6% | 4.4% | 9.0% | 7.4% |
| Free cash flow margin | 9.9% | 13.5% | 7.2% | 10.5% | 9.0% |
| Cash conversion (CFO ÷ net income) | −11.8x | −3.69x | 3.76x | 2.46x | 2.42x |
| Inventory days | 205 | 234 | 221 | 204 | 191 |
| Payable days | 51 | 74 | 66 | 67 | 65 |
| Interest cover | 0.73x | −0.38x | 0.98x | 1.61x | 0.99x |
| Current ratio | 2.08x | 1.79x | 1.65x | 1.47x | 1.50x |
Recent filings
More in Aircraft
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.