JETMFOTCAir Transportation, ScheduledFiscal year ends December 31Also trades as JETBF
Global Crossing Airlines Group Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.57−0.01 (-1.38%)
Close on Oct 19, 2026
- Market cap
- $38.13M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Operating margin
3.6%
Net margin
-1.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.1% | +36.4% | – | – | |
| Free cash flow | +1833.4% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 10.3% | |
| Return on assets | – | – | -1.7% | |
| Current ratio | – | – | 0.34 | |
| Debt to equity | – | – | -1.37 | |
| Net debt to EBITDA | – | – | 1.14× | |
| Interest coverage | – | – | 0.8× | |
| Capex to revenue | – | – | 4.7% | |
| Diluted shares | – | – | 64M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Global Crossing Airlines generated $51.94M from operations and spent $26.12M on capital expenditure, dividends and share buybacks. 97% of that went back into the business.
Generated
$51.94M
Used
$26.12M
Capital expenditure$25.43M97%Dividends$693.00K3%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.2%
×Asset turnover1.33×
×Equity multiplier-6.26×
=Return on equity, FY202510.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.2% | 1.33× | -6.26× | 10.3% |
| FY2024 | -5.1% | 1.50× | -6.00× | 46.2% |
| FY2023 | -13.1% | 1.75× | -6.67× | 153.7% |
| FY2022 | -16.3% | 2.15× | -29.98× | 1051.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$3.05M
- Cash generatingOperating cash flow above zero$28.10M
- Return on assets improvedROA up on the prior year-8.7% → -1.8%
- Earnings backed by cashOperating cash flow above net income$28.10M vs -$3.05M
- Less leverageLong-term debt to assets fell17.8% → 19.9%
- Better liquidityCurrent ratio rose0.35 → 0.34
- No dilutionShare count did not rise60M → 64M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.70 → 1.48