Azul S.A. (OTH) Stock

Azul S.A. (OTH) is a Industrials stock trading at $7.59 (as of 2026-08-20). Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Azul S.A. and its subsidiaries provide passenger and cargo transportation services in Brazil, operating scheduled flights across a network of nonstop routes served by a fleet of aircraft. The company also offers related services such as loyalty programs, travel packages, logistics solutions, and activities related to aircraft financing and an investment fund.

Understand Azul S.A.: how it makes money

Off The Hook YS Inc. sells yachts and boats (new and pre-owned), and also earns money from related services like maintenance, repair, support, and after-sale offerings, including marketing, warranty and after-sale services, and financing and asset recovery.

Its profit model depends on how effectively it turns boat inventory into sales at a favorable spread, while keeping costs under control across both sales and service activities (including repairs, support, and after-sale obligations that can weigh on operating results).

Business quality (Weak): A boat dealer and service provider with diversified revenue sources around sales plus maintenance and after-sale support, but the latest quarter shows negative operating profitability, so cost control and monetizing inventory and after-sale activities are likely central to performance.

Bull case

  • Multiple ways to monetize customers: The company sells new and pre-owned boats and also provides maintenance, repair, and support, plus after-sale and warranty-related services and services such as marketing and financing to recreational boat buyers.
  • Adds value beyond the initial sale: Maintenance, repair, support, and after-sale services can create follow-on revenue opportunities tied to an owned base of boats.

Bear case

  • Operating losses in the latest reported period: For the quarter ended 2026-03-31, operating margin was -9.6%, indicating operating expenses exceeded operating profits during that period.
  • After-sale and service costs can pressure profitability: Warranty and after-sale services, repairs, and support obligations can increase costs, especially if demand, customer timelines, or service intensity change.
  • Inventory and transaction execution matter: As a dealer that buys, sells, and wholesales boats, results can be sensitive to its ability to acquire boats at attractive prices and sell them successfully without eroding gross margin.
Valuation — source: SEC EDGAR (first-party)
Price$7.59
DCF Value (model)$63.28
DCF Upside vs Price733.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$21.64B
Net Margin0.6%
Return on Equity-0.4%
Debt / Equity-0.32
Current Ratio0.21
Revenue Growth (YoY)10.8%
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Transportation)16.9
Company
SectorIndustrials
IndustryTransportation
CEOJohn Peter Rodgerson
Employees15,367
CountryBR
IPO Date2017-04-11

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

  • Malibu Boats, Inc. (MBUU)
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  • CPI Aerostructures, Inc. (CVU)
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  • FACT II Acquisition Corp (FACT)
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OTH earnings history · OTH institutional & insider holders · OTH KPIs & operating metrics · OTH financials · OTH investor presentations & press releases · OTH SEC filings · OTH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.