RJETNasdaqAir Transportation, ScheduledFiscal year ends December 31
REPUBLIC AIRWAYS HOLDINGS INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$16.03−0.01 (-0.06%)
Close on Oct 19, 2026
- Market cap
- $740.16M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2024
Operating margin
-13.8%−30.6 pts over 5 years
Net margin
-19.1%−25.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.3% | -1.8% | -8.0% | – | |
| Free cash flow | – | -50.6% | -12.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.9% | -58.7% | |
| Return on assets | – | 3.3% | -12.2% | |
| Current ratio | – | 0.61 | 0.35 | |
| Debt to equity | – | 1.98 | 2.81 | |
| Net debt to EBITDA | – | 3.87× | -11.31× | |
| Interest coverage | – | 2.2× | -1.7× | |
| Capex to revenue | – | 17.3% | 4.3% | |
| Diluted shares | – | 35M | 41M |
Where the cash went
Fiscal 2020 to 2024, five years combined
Republic Airways generated $379.23M from operations and spent $144.11M on capital expenditure, dividends and share buybacks. 98% of that went back into the business.
Generated
$379.23M
Used
$144.11M
Capital expenditure$141.58M98%Dividends$00%Share buybacks$2.53M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-19.1%
×Asset turnover0.64×
×Equity multiplier4.82×
=Return on equity, FY2024-58.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -19.1% | 0.64× | 4.82× | -58.7% |
| FY2023 | -24.1% | 0.49× | 3.96× | -47.3% |
| FY2022 | -34.4% | 0.41× | 3.23× | -45.9% |
| FY2021 | 3.3% | 0.34× | 3.13× | 3.5% |
| FY2020 | 5.0% | 0.37× | 3.34× | 6.2% |
| FY2019 | 6.6% | 0.49× | 3.65× | 11.9% |
| FY2018 | 4.9% | 0.48× | 4.74× | 11.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
4of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero-$91.02M
- Cash generatingOperating cash flow above zero$34.24M
- Return on assets improvedROA up on the prior year-10.8% → -10.1%
- Earnings backed by cashOperating cash flow above net income$34.24M vs -$91.02M
- Less leverageLong-term debt to assets fell40.6% → 43.5%
- Better liquidityCurrent ratio rose0.52 → 0.35
- No dilutionShare count did not rise39M → 41M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.45 → 0.53