Embraer Financials

ERJ

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Embraer (ERJ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Embraer's revenue surged 21.4% year-over-year to $6.4B, reflecting rapid business expansion. This strong growth earns a score of 69/100.

Leverage

100

Embraer carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Embraer's current ratio of 1.47 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 25/100, which could limit financial flexibility.

Cash Flow

Embraer has a free cash flow margin of 10.5%, earning a moderate score of 51/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Embraer's ROE of 10.6% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 5.4% the prior year.

Piotroski F-Score Neutral

6/9

Embraer passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.46x

For every $1 of reported earnings, Embraer generates $2.46 in operating cash flow ($871.2M OCF vs $354.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.4B

YoY+21.4%

5Y CAGR+3.2%

Embraer generated $6.4B in revenue in fiscal year 2024. This represents an increase of 21.4% from the prior year.

EBITDA

N/A

Net Income

$354.6M

YoY+115.8%

Embraer reported $354.6M in net income in fiscal year 2024. This represents an increase of 115.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$670.8M

YoY+77.3%

5Y CAGR+1.9%

Embraer generated $670.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 77.3% from the prior year.

Cash & Debt

$1.6B

YoY-4.1%

5Y CAGR-7.5%

Embraer held $1.6B in cash against $92.6M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

735M

YoY+0.0%

5Y CAGR-0.0%

Embraer had 735M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

5.5%

YoY+2.4pp

5Y CAGR+11.3pp

Embraer's net profit margin was 5.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.

Return on Equity

10.6%

YoY+5.2pp

5Y CAGR+19.4pp

Embraer's ROE was 10.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$200.4M

YoY-16.0%

5Y CAGR-6.8%

Embraer invested $200.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 16.0% from the prior year.

ERJ Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$6.4B+21.4%	$5.3B+16.0%	$4.5B+8.2%	$4.2B+11.3%	$3.8B-31.0%	$5.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	-$193.3M-56.5%	-$123.5M+38.1%	-$199.4M+14.3%	-$232.7M-3978.3%	$6.0M
Income Tax	$202.4M+564.2%	-$43.6M-1795.7%	-$2.3M-103.2%	$70.9M-23.8%	$93.1M-28.5%	$130.3M
Net Income	$354.6M+115.8%	$164.3M+180.7%	-$203.5M-367.8%	-$43.5M+94.0%	-$728.3M-130.1%	-$316.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ERJ Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.8B+9.7%	$10.8B+6.3%	$10.1B-0.1%	$10.2B-3.4%	$10.5B-0.5%	$10.6B
Current Assets	$6.5B+7.5%	$6.1B+5.2%	$5.8B-2.0%	$5.9B-3.9%	$6.1B-28.6%	$8.6B
Cash & Equivalents	$1.6B-4.1%	$1.6B-10.3%	$1.8B-0.1%	$1.8B-3.4%	$1.9B-18.4%	$2.3B
Inventory	$2.9B+11.4%	$2.6B+13.2%	$2.3B+17.3%	$2.0B-18.5%	$2.4B+86.9%	$1.3B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.5B+7.4%	$2.3B+3.8%	$2.2B+1.5%	$2.2B+21600.0%	$10.2M-98.9%	$894.1M
Total Liabilities	$8.5B+9.5%	$7.7B+5.8%	$7.3B-0.8%	$7.4B-3.0%	$7.6B+9.4%	$7.0B
Current Liabilities	$4.4B+20.5%	$3.7B+13.9%	$3.2B+13.7%	$2.8B+16.5%	$2.4B-62.0%	$6.4B
Long-Term Debt	$92.6M+12.7%	$82.2M+39.3%	$59.0M+12.8%	$52.3M-1.9%	$53.3M+58.6%	$33.6M
Total Equity	$3.3B+10.0%	$3.0B+7.6%	$2.8B+1.8%	$2.8B-4.6%	$2.9B-18.9%	$3.6B
Retained Earnings	N/A	$329.1M-27.7%	$455.5M	N/A	-$31.6M0.0%	-$31.6M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$11.8B+9.7%	$10.8B+6.3%	$10.1B-0.1%	$10.2B-3.4%	$10.5B-0.5%	$10.6B-6.4%	$11.3B-5.7%	$12.0B
Current Assets	$6.5B+7.5%	$6.1B+5.2%	$5.8B-2.0%	$5.9B-3.9%	$6.1B-28.6%	$8.6B+21.2%	$7.1B-0.1%	$7.1B
Cash & Equivalents	$1.6B-4.1%	$1.6B-10.3%	$1.8B-0.1%	$1.8B-3.4%	$1.9B-18.4%	$2.3B+80.2%	$1.3B+0.8%	$1.3B
Inventory	$2.9B+11.4%	$2.6B+13.2%	$2.3B+17.3%	$2.0B-18.5%	$2.4B+86.9%	$1.3B-48.0%	$2.5B+16.7%	$2.1B
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.5B+7.4%	$2.3B+3.8%	$2.2B+1.5%	$2.2B+21600.0%	$10.2M-98.9%	$894.1M-52.9%	$1.9B+0.9%	$1.9B
Total Liabilities	$8.5B+9.5%	$7.7B+5.8%	$7.3B-0.8%	$7.4B-3.0%	$7.6B+9.4%	$7.0B-5.4%	$7.4B-5.7%	$7.8B
Current Liabilities	$4.4B+20.5%	$3.7B+13.9%	$3.2B+13.7%	$2.8B+16.5%	$2.4B-62.0%	$6.4B+110.9%	$3.0B+8.0%	$2.8B
Long-Term Debt	$92.6M+12.7%	$82.2M+39.3%	$59.0M+12.8%	$52.3M-1.9%	$53.3M+58.6%	$33.6M	N/A	N/A
Total Equity	$3.3B+10.0%	$3.0B+7.6%	$2.8B+1.8%	$2.8B-4.6%	$2.9B-18.9%	$3.6B-9.1%	$3.9B-5.7%	$4.2B
Retained Earnings	N/A	$329.1M-27.7%	$455.5M	N/A	-$31.6M0.0%	-$31.6M	N/A	$5.1M

ERJ Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$871.2M+41.2%	$617.0M-17.9%	$751.3M+45.8%	$515.3M+139.9%	-$1.3B-244.3%	$893.8M
Capital Expenditures	$200.4M-16.0%	$238.7M+75.3%	$136.2M+33.9%	$101.7M-0.6%	$102.3M-64.0%	$284.5M
Free Cash Flow	$670.8M+77.3%	$378.3M-38.5%	$615.1M+48.7%	$413.6M+129.7%	-$1.4B-328.5%	$609.3M
Investing Cash Flow	-$599.7M-34.0%	-$447.6M-308.8%	-$109.5M+16.8%	-$131.6M-25.0%	-$105.3M-125.8%	$407.7M
Financing Cash Flow	-$335.7M+3.7%	-$348.7M+47.9%	-$669.2M-55.4%	-$430.6M-142.7%	$1.0B+492.5%	-$257.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$2.5M	N/A	N/A

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ERJ Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.5%+2.4pp	3.1%+7.6pp	-4.5%-3.4pp	-1.0%+18.3pp	-19.3%-13.5pp	-5.8%
Return on Equity	10.6%+5.2pp	5.4%+12.6pp	-7.2%-5.6pp	-1.6%+23.5pp	-25.1%-16.2pp	-8.8%
Return on Assets	3.0%+1.5pp	1.5%+3.5pp	-2.0%-1.6pp	-0.4%+6.5pp	-6.9%-3.9pp	-3.0%
Current Ratio	1.47-0.2	1.65-0.1	1.79-0.3	2.08-0.4	2.52+1.2	1.34
Debt-to-Equity	0.030.0	0.030.0	0.020.0	0.020.0	0.020.0	0.01
FCF Margin	10.5%+3.3pp	7.2%-6.4pp	13.6%+3.7pp	9.8%+46.8pp	-36.9%-48.1pp	11.2%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.47-0.2	1.65-0.1	1.79-0.3	2.08-0.4	2.52+1.2	1.34-1.0	2.33-0.2	2.53
Debt-to-Equity	0.030.0	0.030.0	0.020.0	0.020.0	0.020.0	0.01-1.9	1.870.0	1.87
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Embraer's annual revenue?

Embraer (ERJ) reported $6.4B in total revenue for fiscal year 2024. This represents a 21.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Embraer's revenue growing?

Embraer (ERJ) revenue grew by 21.4% year-over-year, from $5.3B to $6.4B in fiscal year 2024.

Is Embraer profitable?

Yes, Embraer (ERJ) reported a net income of $354.6M in fiscal year 2024, with a net profit margin of 5.5%.

How much debt does Embraer have?

As of fiscal year 2024, Embraer (ERJ) had $1.6B in cash and equivalents against $92.6M in long-term debt.

What is Embraer's net profit margin?

Embraer (ERJ) had a net profit margin of 5.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Embraer's return on equity (ROE)?

Embraer (ERJ) has a return on equity of 10.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Embraer's free cash flow?

Embraer (ERJ) generated $670.8M in free cash flow during fiscal year 2024. This represents a 77.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Embraer's operating cash flow?

Embraer (ERJ) generated $871.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Embraer's total assets?

Embraer (ERJ) had $11.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Embraer's capital expenditures?

Embraer (ERJ) invested $200.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Embraer have outstanding?

Embraer (ERJ) had 735M shares outstanding as of fiscal year 2024.

What is Embraer's current ratio?

Embraer (ERJ) had a current ratio of 1.47 as of fiscal year 2024, which is considered adequate.

What is Embraer's debt-to-equity ratio?

Embraer (ERJ) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Embraer's return on assets (ROA)?

Embraer (ERJ) had a return on assets of 3.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Embraer's Piotroski F-Score?

Embraer (ERJ) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Embraer's earnings high quality?

Embraer (ERJ) has an earnings quality ratio of 2.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Embraer?

Embraer (ERJ) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.