What is Mesa Air Group's earnings per share (EPS)?

Mesa Air Group (MESA) reported diluted earnings per share of $1.87 for fiscal year 2025. This represents a 15.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mesa Air Group Financials

MESA

FY2025 annual

Revenue $1.7B +13.7% YoY

Net Income $76.2M +18.0% YoY

EPS (Diluted) $1.87 +15.4% YoY

Free Cash Flow -$74.9M -12383.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported May 1, 2026 Currency USD FYE December

Mesa Air Group (MESA) reported $1.7B in revenue for fiscal year 2025, up 13.7% from the prior fiscal year. This page shows its 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).

Rhea AI MESA FY2025 2026-08-15

Positive operating profits coexist with capital-intensive reinvestment and renewed leverage, absorbing much of Mesa's cash economics.

Cash conversion is the central mechanic: FY2025 operating cash flow was $322M against $396.9M of capital expenditures, so operations did not self-fund asset reinvestment. Free cash flow was -$74.9M despite $76.2M of net income, separating accounting profitability from cash available after reinvestment.

Margin improvement was modest: operating margin moved from 9.3% in FY2024 to 10.0% in FY2025, a measured step-up rather than a sharp operating reset. Net margin remained near 4.5% while capital spending reached $396.9M, showing that earnings growth did not remove the reinvestment burden.

Financing posture reversed: debt-to-equity rose from 0.1x in FY2024 to 0.8x in FY2025. The current ratio remained below 1.0x at 0.9x, while interest consumed roughly 36.0% of operating income, linking heavier leverage with less financial flexibility.

Financial Health Signals

Financial Health Score 37/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mesa Air Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Mesa Air Group has an operating margin of 10.0%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is up from 9.3% the prior year.

Growth

Mesa Air Group's revenue grew 13.7% year-over-year to $1.7B, a solid pace of expansion. This earns a growth score of 61/100.

Leverage

Mesa Air Group has elevated debt relative to equity (D/E of 0.77), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.

Liquidity

Mesa Air Group's current ratio of 0.94 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Mesa Air Group generated $322.0M in operating cash flow, capex of $396.9M consumed most of it, leaving -$74.9M in free cash flow. This results in a low score of 23/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Mesa Air Group's ROE of 5.7% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 5.8% the prior year.

Altman Z-Score Distress

0.99

Mesa Air Group scores 0.99, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Mesa Air Group passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.23x

For every $1 of reported earnings, Mesa Air Group generates $4.23 in operating cash flow ($322.0M OCF vs $76.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.78x

Mesa Air Group earns $2.78 in operating income for every $1 of interest expense ($168.3M vs $60.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+13.7%

5Y CAGR+25.2%

Mesa Air Group generated $1.7B in revenue in fiscal year 2025. This represents an increase of 13.7% from the prior year.

EBITDA

$294.6M

YoY+16.0%

5Y CAGR+12.6%

Mesa Air Group's EBITDA was $294.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.0% from the prior year.

Net Income

$76.2M

YoY+18.0%

5Y CAGR+22.6%

Mesa Air Group reported $76.2M in net income in fiscal year 2025. This represents an increase of 18.0% from the prior year.

EPS (Diluted)

$1.87

YoY+15.4%

5Y CAGR+19.1%

Mesa Air Group earned $1.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 15.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$74.9M

YoY-12383.3%

Mesa Air Group recorded an outflow of $74.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 12383.3% from the prior year.

Cash & Debt

$134.3M

YoY+21.5%

5Y CAGR+6.2%

Mesa Air Group held $134.3M in cash against $882.9M in long-term debt as of fiscal year 2025.

Shares Outstanding

46M

YoY+10.6%

5Y CAGR+5.2%

Mesa Air Group had 46M shares outstanding in fiscal year 2025. This represents an increase of 10.6% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin

10.0%

YoY+0.8pp

5Y CAGR-4.7pp

Mesa Air Group's operating margin was 10.0% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.

Net Margin

4.5%

YoY+0.2pp

5Y CAGR-0.5pp

Mesa Air Group's net profit margin was 4.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.

Return on Equity

5.7%

YoY-0.1pp

5Y CAGR-0.3pp

Mesa Air Group's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$396.9M

YoY+75.1%

5Y CAGR+71.6%

Mesa Air Group invested $396.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 75.1% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

MESA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MESA quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$1.8B	$1.7B+13.7%	$1.5B+3.1%	$1.4B+169.1%	$531.0M+5.4%	$503.6M-7.6%	$545.1M-24.6%	$723.4M+6.1%	$681.6M+5.9%	$643.6M+9.5%	$587.8M
SG&A Expenses	$982.3M	$762.6M+1623.5%	$44.2M-9.3%	$48.8M+10.9%	$44.0M-11.8%	$49.9M-4.6%	$52.2M+3.4%	$50.5M-5.8%	$53.6M+37.6%	$39.0M-7.6%	$42.2M
Operating Income	$169.6M	$168.3M+22.8%	$137.0M+1.3%	$135.3M+173.1%	-$185.0M-392.7%	$63.2M-21.2%	$80.2M-33.8%	$121.1M+66.7%	$72.6M-27.6%	$100.3M+76.7%	$56.8M
Interest Expense	$63.1M	$60.6M+5.0%	$57.7M+15.6%	$49.9M+41.5%	$35.3M+1.6%	$34.7M-21.3%	$44.1M-20.8%	$55.7M-2.0%	$56.9M+23.3%	$46.1M+41.4%	$32.6M
Income Tax	$38.4M	$37.2M+66.8%	$22.3M-32.8%	$33.2M+163.9%	-$52.0M-992.1%	$5.8M-38.9%	$9.5M-39.3%	$15.7M+190.1%	-$17.4M-183.5%	$20.9M+110.3%	$9.9M
Net Income	$76.0M	$76.2M+18.0%	$64.6M+17.9%	$54.8M+130.0%	-$182.7M-1201.3%	$16.6M-39.6%	$27.5M-42.3%	$47.6M+43.1%	$33.3M+1.3%	$32.8M+120.0%	$14.9M
EPS (Diluted)	—	$1.87+15.4%	$1.62+17.4%	$1.38+127.3%	-$5.06-1276.7%	$0.43-44.9%	$0.78-42.6%	$1.36+3.0%	$1.32	$1.40+125.8%	$0.62

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$527.4M-52.0%	$1.1B+1111.2%	$90.7M-2.3%	$92.8M-76.5%	$394.8M+282.4%	$103.2M-10.4%	$115.3M+4.0%	$110.8M
SG&A Expenses	$231.2M-68.3%	$728.6M+6577.2%	$10.9M-5.8%	$11.6M+0.9%	$11.5M+20.6%	$9.5M-16.4%	$11.4M+17.3%	$9.7M
Operating Income	$54.2M-56.5%	$124.7M+1459.1%	-$9.2M-6185.6%	-$146K-100.3%	$52.9M+147.7%	-$110.8M-550.5%	-$17.0M-88.7%	-$9.0M
Interest Expense	$16.8M-58.2%	$40.2M+1321.5%	$2.8M-13.1%	$3.3M-77.2%	$14.3M+102.4%	$7.1M-7.3%	$7.6M-15.6%	$9.0M
Income Tax	$10.7M-57.9%	$25.4M+900.4%	$2.5M+1166.8%	-$238K-102.5%	$9.5M+318.7%	-$4.3M-1205.1%	$393K+148.5%	-$810K
Net Income	$26.9M-36.5%	$42.4M+400.0%	-$14.1M-167.7%	$20.9M-23.0%	$27.1M+124.2%	-$111.9M-349.3%	-$24.9M-25.2%	-$19.9M
EPS (Diluted)	$0.58	N/A	-$0.34-168.0%	$0.50-26.5%	$0.68+125.1%	-$2.71-351.7%	-$0.60-25.0%	-$0.48

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

MESA Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MESA quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$3.3B+18.4%	$2.8B+256.8%	$775.6M-30.5%	$1.1B-23.4%	$1.5B-3.0%	$1.5B+3.4%	$1.5B-1.4%	$1.5B+8.5%	$1.4B	N/A
Current Assets	$540.7M+19.3%	$453.3M+201.6%	$150.3M+52.8%	$98.3M-37.9%	$158.4M+1.8%	$155.6M-1.4%	$157.8M-20.2%	$197.9M+35.7%	$145.8M	N/A
Cash & Equivalents	$134.3M+21.5%	$110.5M+587.7%	$16.1M-72.1%	$57.7M-52.1%	$120.5M+21.3%	$99.4M+44.4%	$68.9M-33.4%	$103.3M+81.9%	$56.8M+50.7%	$37.7M
Inventory	$88.5M+40.5%	$63.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$122.5M+5733.3%	$2.1M0.0%	$2.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.9B+18.0%	$1.7B+711.1%	-$270.3M-133.5%	$807.4M-16.6%	$968.5M-7.2%	$1.0B+1.8%	$1.0B-6.5%	$1.1B-3.3%	$1.1B	N/A
Current Liabilities	$574.3M+17.4%	$489.1M+92.6%	$253.9M+18.4%	$214.5M-16.9%	$258.2M-26.9%	$353.3M+37.6%	$256.7M+2.1%	$251.4M+15.2%	$218.2M	N/A
Long-Term Debt	$882.9M+953.8%	$83.8M-73.4%	$315.5M-37.2%	$502.5M-6.9%	$539.7M-0.5%	$542.5M-19.9%	$677.4M-10.9%	$760.2M-5.4%	$803.9M	N/A
Total Equity	$1.3B+19.6%	$1.1B+6.2%	$1.0B+239.4%	$308.2M-36.9%	$488.0M+6.6%	$457.9M+7.5%	$425.9M+13.7%	$374.5M+68.5%	$222.2M+17.5%	$189.2M
Retained Earnings	$708.5M+12.0%	$632.5M+590.4%	-$129.0M-363.2%	$49.0M-78.9%	$231.7M+7.7%	$215.1M+14.8%	$187.4M+34.0%	$139.8M+29.7%	$107.8M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.3B-0.4%	$3.3B+1961.6%	$158.9M-11.0%	$178.6M-16.9%	$215.0M-92.2%	$2.8B+363.7%	$596.9M-10.2%	$664.4M
Current Assets	$486.5M-10.0%	$540.7M+371.7%	$114.6M-14.1%	$133.4M-18.4%	$163.6M-63.9%	$453.3M+639.8%	$61.3M-27.8%	$84.9M
Cash & Equivalents	$111.3M-17.1%	$134.3M+246.7%	$38.7M-8.8%	$42.5M-21.5%	$54.1M-51.0%	$110.5M+607.4%	$15.6M-4.2%	$16.3M
Inventory	$95.3M+7.7%	$88.5M	N/A	N/A	N/A	$63.0M	N/A	N/A
Accounts Receivable	$21.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$122.5M0.0%	$122.5M	N/A	N/A	N/A	$2.1M	N/A	N/A
Total Liabilities	$1.9B-1.8%	$1.9B+820.8%	$211.6M-3.8%	$219.9M+123.8%	-$922.6M-155.9%	$1.7B+239.4%	$486.6M-8.1%	$529.5M
Current Liabilities	$520.2M-9.4%	$574.3M+237.9%	$170.0M-2.7%	$174.6M-13.6%	$202.0M-58.7%	$489.1M+180.4%	$174.5M-7.0%	$187.5M
Long-Term Debt	$909.2M+3.0%	$882.9M+3168.5%	$27.0M-4.4%	$28.2M-10.8%	$31.7M-62.2%	$83.8M-67.8%	$259.8M-9.7%	$287.7M
Total Equity	$1.4B+1.7%	$1.3B+2623.8%	-$52.6M-36.1%	-$38.7M-103.4%	$1.1B+2.4%	$1.1B+907.3%	$110.2M-18.3%	$134.9M
Retained Earnings	$735.4M+3.8%	$708.5M+317.3%	-$326.0M-3.7%	-$314.5M+6.2%	-$335.3M-153.0%	$632.5M+490.1%	-$162.1M-18.2%	-$137.2M

MESA Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

MESA quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	N/A	$322.0M+42.4%	$226.1M-31.3%	$329.2M+2363.7%	$13.4M-89.9%	$132.9M-23.9%	$174.7M+15.2%	$151.7M+27.5%	$118.9M+59.2%	$74.7M-28.5%	$104.5M
Capital Expenditures	N/A	$396.9M+75.1%	$226.7M-40.0%	$378.1M+826.4%	$40.8M+138.0%	$17.1M-35.7%	$26.7M-78.7%	$125.3M+6.2%	$118.0M+39.6%	$84.5M-82.8%	$490.1M
Free Cash Flow	N/A	-$74.9M-12383.3%	-$600K+98.8%	-$48.9M-78.1%	-$27.5M-123.7%	$115.7M-21.8%	$148.0M+462.2%	$26.3M+2671.2%	$950K+109.7%	-$9.8M+97.5%	-$385.6M
Investing Cash Flow	N/A	-$350.9M-232.6%	-$105.5M+74.9%	-$420.9M-30935.2%	$1.4M+104.1%	-$33.5M-25.5%	-$26.7M+74.6%	-$104.8M+24.3%	-$138.6M-64.8%	-$84.1M+82.9%	-$491.1M
Financing Cash Flow	N/A	$54.7M+153.5%	-$102.2M-195.4%	$107.1M+238.1%	-$77.6M+1.0%	-$78.4M+33.4%	-$117.7M-44.4%	-$81.5M-222.7%	$66.4M+133.0%	$28.5M-92.2%	$365.8M
Share Buybacks	N/A	N/A	N/A	N/A	$455K-69.4%	$1.5M+153.6%	$586K-68.7%	$1.9M-62.5%	$5.0M+378.7%	$1.0M-26.1%	$1.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$57.8M-83.8%	$356.6M	N/A	-$9.4M-117.5%	$53.8M+565.4%	-$11.6M	N/A	$11.2M
Capital Expenditures	$93.1M-76.2%	$391.9M	N/A	$1.1M-97.2%	$39.3M+1803.1%	$2.1M	N/A	$3.7M
Free Cash Flow	-$35.3M-0.1%	-$35.3M	N/A	-$10.5M-172.4%	$14.5M+206.4%	-$13.6M	N/A	$7.5M
Investing Cash Flow	-$92.0M+79.4%	-$446.4M	N/A	$15.7M+137.7%	-$41.6M-135.9%	$115.8M	N/A	$18.4M
Financing Cash Flow	$10.0M-91.4%	$116.7M	N/A	-$17.9M+50.0%	-$35.9M+55.1%	-$79.9M	N/A	-$31.9M

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

MESA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

MESA quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16
Operating Margin	10.0%+0.8pp	9.3%-0.2pp	9.5%+44.3pp	-34.8%-47.4pp	12.6%-2.2pp	14.7%-2.0pp	16.8%+6.1pp	10.7%-4.9pp	15.6%+5.9pp	9.7%
Net Margin	4.5%+0.2pp	4.4%+0.5pp	3.8%+38.2pp	-34.4%-37.7pp	3.3%-1.8pp	5.0%-1.5pp	6.6%+1.7pp	4.9%-0.2pp	5.1%+2.6pp	2.5%
Return on Equity	5.7%-0.1pp	5.8%+0.6pp	5.2%+64.5pp	-59.3%-62.7pp	3.4%-2.6pp	6.0%-5.2pp	11.2%+2.3pp	8.9%-5.9pp	14.8%+6.9pp	7.9%
Return on Assets	2.3%0.0pp	2.3%-4.7pp	7.1%+23.4pp	-16.4%-17.5pp	1.1%-0.7pp	1.8%-1.5pp	3.3%+1.0pp	2.3%-0.2pp	2.4%	N/A
Current Ratio	0.940.0x	0.93+0.3x	0.59+0.1x	0.46-0.2x	0.61+0.2x	0.44-0.2x	0.61-0.2x	0.79+0.1x	0.67	N/A
Debt-to-Equity	0.77+0.7x	0.08-0.2x	0.30-1.3x	1.63+0.5x	1.11-0.1x	1.18-0.4x	1.59-0.4x	2.03-1.6x	3.62	N/A
FCF Margin	-4.5%-4.4pp	0.0%+3.4pp	-3.4%+1.8pp	-5.2%-28.2pp	23.0%-4.2pp	27.2%+23.5pp	3.6%+3.5pp	0.1%+1.7pp	-1.5%+64.1pp	-65.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Margin	10.3%-1.1pp	11.4%+21.5pp	-10.1%-10.0pp	-0.2%-13.6pp	13.4%	-107.3%	-14.8%-6.6pp	-8.2%
Net Margin	5.1%+1.2pp	3.9%+19.4pp	-15.6%-38.1pp	22.5%+15.6pp	6.9%	-108.4%	-21.6%-3.7pp	-18.0%
Return on Equity	2.0%-1.2pp	3.2%	N/A	N/A	2.4%+12.5pp	-10.1%+12.5pp	-22.6%-7.8pp	-14.8%
Return on Assets	0.8%-0.5pp	1.3%+10.2pp	-8.9%-20.6pp	11.7%-0.9pp	12.6%+16.6pp	-4.0%+0.1pp	-4.2%-1.2pp	-3.0%
Current Ratio	0.940.0x	0.94+0.3x	0.67-0.1x	0.760.0x	0.81-0.1x	0.93+0.6x	0.35-0.1x	0.45
Debt-to-Equity	0.67-0.1x	0.77	N/A	N/A	0.030.0x	0.08-2.3x	2.36+0.2x	2.13
FCF Margin	-6.7%-3.5pp	-3.2%	N/A	-11.3%-15.0pp	3.7%+16.9pp	-13.2%	N/A	6.8%

Not reported in any period shown, so not listed: Gross Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: The current ratio is below 1.0 (0.94), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Mesa Air Group Ranks

Frequently Asked Questions

What is Mesa Air Group's annual revenue?

Mesa Air Group (MESA) reported $1.7B in total revenue for fiscal year 2025. This represents a 13.7% 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 Mesa Air Group's revenue growing?

Mesa Air Group (MESA) revenue grew by 13.7% year-over-year, from $1.5B to $1.7B in fiscal year 2025.

Is Mesa Air Group profitable?

Yes, Mesa Air Group (MESA) reported a net income of $76.2M in fiscal year 2025, with a net profit margin of 4.5%.

What is Mesa Air Group's EBITDA?

Mesa Air Group (MESA) had EBITDA of $294.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Mesa Air Group have?

As of fiscal year 2025, Mesa Air Group (MESA) had $134.3M in cash and equivalents against $882.9M in long-term debt.

What is Mesa Air Group's operating margin?

Mesa Air Group (MESA) had an operating margin of 10.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mesa Air Group's net profit margin?

Mesa Air Group (MESA) had a net profit margin of 4.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mesa Air Group's return on equity (ROE)?

Mesa Air Group (MESA) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mesa Air Group's free cash flow?

Mesa Air Group (MESA) recorded an outflow of $74.9M in free cash flow during fiscal year 2025. This represents a -12383.3% 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 Mesa Air Group's operating cash flow?

Mesa Air Group (MESA) generated $322.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mesa Air Group's total assets?

Mesa Air Group (MESA) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mesa Air Group's capital expenditures?

Mesa Air Group (MESA) invested $396.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Mesa Air Group have outstanding?

Mesa Air Group (MESA) had 46M shares outstanding as of fiscal year 2025.

What is Mesa Air Group's current ratio?

Mesa Air Group (MESA) had a current ratio of 0.94 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Mesa Air Group's debt-to-equity ratio?

Mesa Air Group (MESA) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mesa Air Group's return on assets (ROA)?

Mesa Air Group (MESA) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mesa Air Group's Altman Z-Score?

Mesa Air Group (MESA) has an Altman Z-Score of 0.99, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Mesa Air Group's Piotroski F-Score?

Mesa Air Group (MESA) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mesa Air Group's earnings high quality?

Mesa Air Group (MESA) has an earnings quality ratio of 4.23x, 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.

Can Mesa Air Group cover its interest payments?

Mesa Air Group (MESA) has an interest coverage ratio of 2.78x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Mesa Air Group?

Mesa Air Group (MESA) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.