Embraer S.A. (EMBJ) Key Metrics
EMBJ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · Brazilian reaisEMBJ returns How much profit the business earns on the capital it uses.
EMBJ financial health Debt, liquidity and how easily interest is covered.
EMBJ efficiency & capital use Working capital cycle and where the cash goes.
EMBJ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EMBJ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EMBJ cash returned to shareholders
EMBJ key metrics in Brazilian reais
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.2% | 13.3% | 5.9% | −6.9% | −1.9% | −27.2% | −9.4% | −4.5% | 6.7% | 4.3% |
| Return on invested capital (ROIC) | 16.3% | 13.4% | 8.5% | −2.2% | 2.8% | −8.0% | −1.8% | −2.0% | 9.8% | 2.1% |
| Return on assets (ROA) | 2.7% | 3.5% | 1.5% | −1.8% | −0.5% | −8.0% | −2.9% | −1.4% | 2.2% | 1.4% |
| Return on tangible assets | 3.5% | 3.8% | 1.9% | −2.3% | −0.6% | −8.7% | −3.3% | −1.4% | 2.2% | 1.5% |
| Free cash flow margin | 5.1% | 6.3% | 0.7% | 10.9% | 1.1% | −40.1% | 6.0% | 41.2% | 9.2% | −8.2% |
| Income quality (OCF / net income) | 2.47 | 2.47 | 0.77 | — | — | — | — | — | 2.86 | −0.53 |
| Financial health | ||||||||||
| Total debt | R$14.85B | R$16.10B | R$14.66B | R$17.08B | R$22.94B | R$23.46B | R$563.3M | R$13.28B | R$15.09B | R$13.49B |
| Cash & short-term investments | R$14.38B | R$13.62B | R$10.57B | R$12.36B | R$14.41B | R$14.04B | R$4.84B | R$10.07B | R$12.03B | R$9.84B |
| Net debt | R$471.0M | R$2.47B | R$4.09B | R$4.72B | R$8.53B | R$9.42B | −R$4.28B | R$3.21B | R$3.06B | R$3.64B |
| Debt / equity | 0.79 | 0.85 | 1.07 | 1.24 | 1.53 | 1.61 | 0.04 | 1.04 | 1.12 | 1.08 |
| Debt / assets | 0.21 | 0.22 | 0.28 | 0.31 | 0.40 | 0.43 | 0.01 | 0.30 | 0.38 | 0.35 |
| Net debt / EBITDA | 0.12 | 0.40 | 1.40 | 3.86 | 5.63 | — | −4.82 | 2.64 | 1.49 | 0.98 |
| Current ratio | 1.50 | 1.47 | 1.65 | 1.83 | 2.08 | 2.52 | 1.34 | 2.33 | 2.53 | 2.11 |
| Quick ratio | 0.83 | 0.82 | 0.94 | 1.10 | 1.39 | 1.53 | 1.14 | 1.52 | 1.77 | 1.34 |
| Interest coverage | 3.1 | 3.0 | 1.3 | -0.5 | 1.1 | -1.4 | -0.3 | -0.5 | 13.0 | 0.5 |
| Working capital | R$13.08B | R$12.96B | R$11.75B | R$14.01B | R$17.09B | R$19.17B | R$8.36B | R$13.46B | R$14.14B | R$11.73B |
| Invested capital | R$19.34B | R$21.49B | R$17.78B | R$18.45B | R$23.50B | R$23.95B | R$9.18B | R$16.02B | R$16.50B | R$16.19B |
| Tangible asset value | R$5.97B | R$5.21B | R$3.48B | R$4.06B | R$3.15B | R$4.33B | R$10.41B | R$14.51B | R$13.17B | R$12.45B |
| Net current asset value | −R$10.72B | −R$12.17B | −R$8.30B | −R$7.39B | −R$8.44B | −R$7.76B | R$6.17B | −R$4.95B | −R$2.37B | −R$2.91B |
| Capital allocation | ||||||||||
| Dividends paid | R$129.3M | R$0 | R$13.4M | R$0 | R$0 | — | R$7.7M | R$148.1M | R$173.0M | R$99.8M |
| Share buybacks (net) | R$1.02B | R$0 | R$0 | R$0 | R$2.5M | — | — | — | R$48.4M | R$60.0M |
| Dividend payout ratio | 6.7% | 0.0% | 1.7% | — | — | — | — | — | 19.8% | 17.1% |
| Dividends + buybacks / free cash flow | 54.5% | 0.0% | 7.2% | 0.0% | 1.0% | — | 0.6% | 4.3% | 12.8% | — |
| Capex / revenue | 6.4% | 7.3% | 1.7% | 5.6% | 1.2% | 5.9% | 10.4% | 6.8% | 4.1% | 6.7% |
| Capex / operating cash flow | 55.6% | 53.5% | 69.8% | 34.1% | 52.0% | — | 63.5% | 14.1% | 30.5% | — |
| Capex / depreciation | 1.86 | 1.91 | 0.37 | 1.22 | 1.29 | 0.75 | 2.71 | — | 0.70 | 1.06 |
| Stock-based compensation / revenue | — | — | — | 0.1% | 0.0% | −0.0% | — | — | 0.0% | 0.0% |
| R&D / revenue | 1.0% | 0.9% | 1.7% | 2.4% | 1.0% | 0.8% | 0.9% | 1.8% | 0.4% | 0.8% |
| SG&A / revenue | 7.3% | 3.1% | 3.9% | 10.1% | 8.7% | 8.9% | 8.7% | 12.6% | 5.4% | 9.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 51.0 | 52.6 | 65.1 | 72.5 | 73.4 | 63.3 | 39.2 | 73.8 | 30.7 | 45.1 |
| Days of inventory on hand | 188.5 | 173.1 | 213.9 | 218.6 | 223.2 | 184.4 | 134.1 | 194.3 | 371.9 | 190.2 |
| Days payables outstanding | 67.7 | 57.9 | 40.9 | 34.1 | 52.2 | 42.4 | 44.4 | 72.6 | 143.2 | 80.6 |
| Cash conversion cycle (days) | 171.8 | 167.8 | 238.0 | 256.9 | 244.4 | 205.3 | 128.9 | 195.5 | 259.5 | 154.7 |
| Receivables turnover | 7.16 | 6.94 | 5.61 | 5.04 | 4.97 | 5.77 | 9.32 | 4.95 | 11.88 | 8.09 |
| Payables turnover | 5.39 | 6.30 | 8.92 | 10.70 | 6.99 | 8.60 | 8.23 | 5.03 | 2.55 | 4.53 |
| Inventory turnover | 1.94 | 2.11 | 1.71 | 1.67 | 1.64 | 1.98 | 2.72 | 1.88 | 0.98 | 1.92 |
| Asset turnover | 0.58 | 0.63 | 0.48 | 0.44 | 0.41 | 0.41 | 0.50 | 0.20 | 0.48 | 0.48 |
| Average receivables | R$5.80B | R$5.70B | R$4.62B | R$4.82B | R$4.56B | R$3.40B | R$2.24B | R$1.69B | R$1.58B | R$2.50B |
| Average payables | R$6.35B | R$5.14B | R$2.40B | R$1.81B | R$2.74B | R$1.99B | R$2.17B | R$2.85B | R$2.92B | R$3.59B |
| Average inventory | R$17.68B | R$15.37B | R$12.56B | R$11.62B | R$11.70B | R$8.65B | R$6.56B | R$7.63B | R$7.58B | R$8.47B |
| Intangibles / total assets | 21.1% | 21.2% | 21.6% | 22.2% | 21.8% | 19.7% | 8.5% | 1.7% | 1.6% | 1.6% |
Computed from EMBJ's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Brazilian reais; data from EODHD. Averages use the opening and closing balance of each year.
EMBJ valuation and financial ratios
Embraer earned a return on equity of 10.2% and a return on invested capital of 16.3% in fiscal 2025. It ended the year with R$14.9 billion of debt and R$14.4 billion in cash and short-term investments, net debt of R$471.0 million. It returned R$1.2 billion to shareholders: R$129.3 million in dividends and R$1.0 billion in share buybacks, 54% of free cash flow.
See the EMBJ income statement, the EMBJ chart for price history, or the EMBJ stock overview for the latest quote and news.
EMBJ key metrics FAQ
What is Embraer's return on equity?
Embraer's return on equity (ROE) was 10.2% in fiscal 2025: net income of R$1.9 billion on average shareholders' equity of R$18.9 billion.
What is Embraer's ROIC?
Embraer's return on invested capital was 16.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Embraer have?
Embraer had total debt of R$14.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.79 and R$471.0 million of net debt (0.12 times EBITDA).
Does Embraer buy back its shares?
Yes. Embraer spent R$1.0 billion on net share repurchases in fiscal 2025.
What is Embraer's current ratio?
Embraer's current ratio was 1.50 at the end of fiscal 2025: current assets were 1.50 times current liabilities.