Embraer (EMBJ) financial statements
Embraer reported revenue of $7.6B in fiscal 2025, up 2.2% a year over 9 years.
Net income was $352M and the operating margin 8.0%, against 3.4% in 2016.
Free cash flow was $386M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Embraer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2B | $2.5B | $5.1B | $5.5B | $3.8B | $4.2B | $4.5B | $5.3B | $6.4B | $7.6B |
| Cost of revenue | $5.0B | $2.2B | $4.3B | $4.7B | $3.3B | $3.5B | $3.6B | $4.4B | $5.2B | $6.2B |
| Gross profit | $1.2B | $298M | $768M | $796M | $478M | $660M | $912M | $910M | $1.2B | $1.3B |
| Research and development | $48M | $22M | $46M | $49M | $30M | $43M | $110M | $90M | $55M | $74M |
| Selling, general and admin | $164M | $139M | $183M | $190M | $143M | $153M | $185M | $205M | $199M | $214M |
| Operating income | $214M | -$196M | $35M | -$77M | -$323M | $201M | -$110M | $314M | $668M | $608M |
| Interest expense | $251M | $49M | $273M | $239M | $262M | $274M | $290M | $322M | $416M | $615M |
| Pre-tax income | $181M | -$95M | -$136M | -$186M | -$635M | $27M | -$206M | $121M | $557M | $268M |
| Income tax | $300,000 | $28M | $35M | $130M | $93M | $71M | -$2M | -$44M | $202M | -$91M |
| Net income | $179M | $264M | -$178M | -$322M | -$732M | -$45M | -$185M | $164M | $352M | $352M |
| EPS (diluted) | $0.24 | $0.36 | -$0.24 | -$0.44 | -$0.99 | -$0.06 | -$0.25 | $0.22 | $0.48 | $0.48 |
| Diluted shares | 737M | 735M | 735M | 736M | 736M | 735M | 735M | 735M | 735M | 732M |
| Gross margin | 19.7% | 11.7% | 15.1% | 14.6% | 12.7% | 15.7% | 20.1% | 17.3% | 18.0% | 17.5% |
| Operating margin | 3.4% | -7.7% | 0.7% | -1.4% | -8.6% | 4.8% | -2.4% | 6.0% | 10.4% | 8.0% |
| Net margin | 2.9% | 10.4% | -3.5% | -5.9% | -19.4% | -1.1% | -4.1% | 3.1% | 5.5% | 4.6% |
Balance sheet
Fiscal years, from Embraer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.0B | $3.6B | $3.0B | $2.7B | $2.7B | $1.8B | $1.8B | $1.6B | $1.6B | $1.9B |
| Receivables | $337M | $297M | $318M | $149M | $203M | $189M | $203M | $218M | $321M | $289M |
| Inventory | $2.5B | $2.1B | $2.5B | $1.3B | $2.4B | $2.0B | $2.3B | $2.6B | $2.9B | $3.3B |
| Total current assets | $6.8B | $7.1B | $7.1B | $8.6B | $6.1B | $5.9B | $5.8B | $6.1B | $6.5B | $7.2B |
| Property, plant and equipment | $2.2B | $2.1B | $2.0B | $969M | $2.0B | $1.7B | $1.6B | $1.8B | $1.9B | $2.1B |
| Total assets | $11.7B | $12.0B | $11.3B | $10.6B | $10.5B | $10.2B | $10.1B | $10.8B | $11.8B | $12.9B |
| Total current liabilities | $3.2B | $2.8B | $3.0B | $6.4B | $2.4B | $2.8B | $3.2B | $3.7B | $4.4B | $4.8B |
| Long-term debt | $351M | $346M | $17M | $14M | $10M | — | — | — | — | — |
| Total liabilities | $7.7B | $7.8B | $7.4B | $7.0B | $7.6B | $7.4B | $7.3B | $7.7B | $8.5B | $9.1B |
| Shareholders' equity | $3.8B | $4.1B | $3.8B | $3.5B | $2.8B | $2.7B | $2.6B | $2.8B | $3.1B | $3.4B |
| Net debt | -$868M | -$907M | -$940M | -$2.3B | -$1.9B | -$1.8B | -$1.8B | -$1.6B | -$1.6B | -$1.9B |
Cash flow
Fiscal years, from Embraer's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7M | $753M | $1.1B | $894M | -$1.3B | $515M | $751M | $617M | $871M | $870M |
| Capital spending | $898M | $708M | $445M | $568M | $224M | $268M | $256M | $431M | $466M | $484M |
| Free cash flow | -$904M | $45M | $663M | $326M | -$1.5B | $247M | $495M | $186M | $405M | $386M |
| Stock-based compensation | $1M | $500,000 | $100,000 | — | — | — | $3M | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | $8M | — |
| Share buybacks (net) | -$17M | -$15M | — | — | — | -$2M | — | — | — | — |
| Net borrowing | $52M | $433M | -$472M | -$245M | $1.0B | -$418M | -$816M | -$331M | -$380M | $143M |
| Free cash flow margin | -14.6% | 1.8% | 13.1% | 6.0% | -40.1% | 5.9% | 10.9% | 3.5% | 6.3% | 5.1% |
| Dividends per share | — | — | — | — | — | — | — | — | $0.01 | — |
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Open EMBJ in InvestinglyQuestions
What was Embraer's revenue in 2025?
$7.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Embraer generate?
$386M in fiscal 2025 (operating cash flow minus capital spending).
From Embraer's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.