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Embraer SA
(NYSE:ERJ)
Embraer SA (ERJ) vs. SPDR S&P 500 ETF (SPY)
Embraer SA Business Overview & Revenue Model
Embraer SA Earnings Call Summary
Embraer SA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.92B | 6.39B | 5.27B | 4.54B | 4.20B | 3.77B |
| Gross Profit | 1.29B | 1.15B | 909.60M | 912.20M | 655.85M | 477.60M |
| EBITDA | 1.08B | 1.01B | 598.20M | 228.40M | 479.90M | -123.30M |
| Net Income | 376.99M | 352.50M | 164.00M | -185.40M | -44.70M | -731.90M |
Balance Sheet | ||||||
| Total Assets | 12.07B | 11.82B | 10.78B | 10.14B | 10.15B | 10.52B |
| Cash, Cash Equivalents and Short-Term Investments | 1.26B | 2.20B | 2.15B | 2.31B | 2.57B | 2.70B |
| Total Debt | 2.32B | 2.60B | 2.98B | 3.27B | 4.09B | 4.51B |
| Total Liabilities | 8.46B | 8.48B | 7.74B | 7.32B | 7.38B | 7.61B |
| Stockholders Equity | 3.31B | 3.08B | 2.79B | 2.57B | 2.67B | 2.79B |
Cash Flow | ||||||
| Free Cash Flow | 533.07M | 405.00M | 186.20M | 495.30M | 247.10M | -1.51B |
| Operating Cash Flow | 945.96M | 871.20M | 617.00M | 751.30M | 515.30M | -1.29B |
| Investing Cash Flow | -586.26M | -599.70M | -447.60M | -109.50M | -131.60M | -105.30M |
| Financing Cash Flow | -437.80M | -335.70M | -348.70M | -669.20M | -441.04M | 1.01B |
Embraer SA Technical Analysis
Embraer SA Risk Analysis
Embraer SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $112.72B | 27.24 | 62.78% | 2.70% | 2.88% | -35.15% | |
76 Outperform | $11.56B | 31.22 | 12.21% | 0.08% | 22.95% | -1.01% | |
75 Outperform | $54.69B | 32.64 | 8.90% | 1.62% | 2.93% | 43.29% | |
69 Neutral | $85.13B | 21.74 | 26.15% | 1.44% | -0.14% | 72.35% | |
67 Neutral | $14.72B | 17.48 | 11.46% | 0.10% | 1.19% | -6.77% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
43 Neutral | $163.78B | ― | ― | ― | 2.41% | -193.57% |
Embraer SA Corporate Events
In October 2025, Embraer S.A. announced a record-high backlog of $31.3 billion for the third quarter, driven by strong performance across its business units. The commercial aviation segment achieved a nine-year record backlog of $15.2 billion, supported by significant orders from Avelo Airlines and LATAM Group for the E195-E2 jets. The executive aviation unit marked a milestone with the delivery of its 2,000th business jet, while the defense and security division secured contracts for the KC-390 Millennium and A-29 Super Tucano aircraft. These developments underscore Embraer’s robust industry positioning and potential for growth, benefiting stakeholders and enhancing its competitive edge.
Embraer S.A., a prominent player in the aerospace industry, has submitted a Form 6-K report to the United States Securities and Exchange Commission for the month of October 2025. This filing is part of the company’s compliance with the Securities Exchange Act of 1934, indicating its ongoing regulatory obligations and transparency in financial reporting.
On October 14, 2025, TrueNoord, a regional aircraft leasing company, announced a firm order for 20 Embraer E195-E2 aircraft, with purchase rights for up to 30 additional jets. This agreement marks TrueNoord’s first direct order with an aircraft manufacturer, valued at USD 1.8 billion, and highlights the growing demand for fuel-efficient regional jets. The deal underscores Embraer’s strong market position and the increasing interest in next-generation narrowbody aircraft, reflecting a strategic move for both companies to enhance their offerings and support sustainable aviation solutions.
Embraer S.A. announced that effective November 3, 2025, its ordinary shares will trade under the new ticker symbol EMBJ3 on the Brazilian Stock Exchange, replacing the previous symbol EMBR3. Additionally, its American Depositary Shares and bonds on the New York Stock Exchange will trade under the new ticker symbol EMBJ, replacing ERJ. This change aims to streamline the company’s market presence and improve its brand recognition among investors.
On October 9, 2025, Embraer S.A. announced the execution of a Second Supplemental Indenture, which involves the issuance of $1 billion in 5.400% Notes due 2038. This strategic move, facilitated by Embraer Netherlands Finance B.V. and The Bank of New York Mellon, aims to strengthen Embraer’s financial position and provide additional capital for its operations. The issuance of these notes is expected to enhance Embraer’s market positioning and offer new opportunities for stakeholders.
On October 6, 2025, Embraer S.A. announced the consideration payable for its cash tender offers for certain outstanding securities, specifically the 6.950% senior unsecured guaranteed notes due 2028 and the 7.000% senior unsecured guaranteed notes due 2030. The tender offers, managed by Morgan Stanley & Co. LLC, involve exchanging these notes for new 5.400% senior unsecured notes due 2038. The offers are part of Embraer’s strategy to manage its debt profile and optimize its financial operations, with the early settlement date expected on October 7, 2025. This move reflects Embraer’s efforts to strengthen its financial position and could impact stakeholders by potentially enhancing the company’s credit profile.
On October 6, 2025, Sweden acquired four C-390 Millennium aircraft from Embraer as part of a European collaborative procurement program with the Netherlands and Austria. This contract includes seven additional purchase options, indicating potential future acquisitions by other European nations. The acquisition enhances Sweden’s operational capabilities and interoperability with European partners, marking a significant milestone in modernizing its air force. The C-390 Millennium, known for its payload capacity and versatility, strengthens Embraer’s position in the European defense market and among NATO nations.
On October 6, 2025, Embraer S.A. announced the early results of its cash tender offers for senior unsecured guaranteed notes due in 2028 and 2030. The company, through Morgan Stanley & Co. LLC, accepted significant portions of the notes tendered before the early tender date, offering total consideration including early tender payments. The expiration date for the offers is set for October 21, 2025, and the company plans to exchange the purchased notes with new notes due in 2038. This strategic financial maneuver is expected to optimize Embraer’s debt profile and strengthen its financial position.
In the third quarter of 2025, Embraer delivered 62 aircraft, surpassing its previous year’s third-quarter deliveries. This included 20 commercial jets, with the E195-E2 model being the most delivered, and 41 executive jets, led by the Phenom 300. Additionally, one KC-390 Millennium military transport aircraft was delivered. The company’s delivery estimates for 2025 indicate growth, with expectations of delivering between 77 and 85 commercial aircraft and 145 to 155 executive jets, reflecting a significant year-over-year increase.
On September 23, 2025, Embraer and SNC announced a new sales agreement for the purchase of an A-29 Super Tucano aircraft, marking a significant step in response to the growing demand for Light Attack and ISR aircraft. This agreement, made ahead of a pending Foreign Military Sales case, allows for immediate pilot training and reduces the time to Initial Operational Capability by up to a year. The aircraft will be manufactured in Jacksonville, Florida, and this deal underscores the long-standing partnership between Embraer and SNC. The A-29 Super Tucano is renowned for its versatility and durability, capable of performing a wide range of missions, and has been selected by 22 air forces globally.
On September 23, 2025, Embraer S.A. announced an increase in the maximum tender amount for its cash tender offers concerning certain outstanding securities. This decision follows the successful pricing of a $1 billion offering of new senior unsecured guaranteed notes due 2038. The increase in the tender amount reflects Embraer’s strategic financial management and could enhance its liquidity position, potentially impacting its market operations and stakeholder interests positively.
On September 22, 2025, Embraer Netherlands Finance B.V., a subsidiary of Embraer S.A., entered into an underwriting agreement to issue $1 billion in 5.400% notes due in 2038. These notes are fully and unconditionally guaranteed by Embraer S.A. on a senior unsecured basis, indicating a strategic financial move to bolster its capital structure and potentially enhance its market position.
On September 22, 2025, Embraer S.A. announced that its subsidiary, Embraer Netherlands Finance B.V., has priced an offering of $1 billion in 5.400% notes due 2038. The proceeds from this offering are intended to fund the purchase of certain outstanding notes and for general corporate purposes. This financial maneuver is expected to strengthen Embraer’s financial position and enhance its market strategy by optimizing its debt profile.
On September 22, 2025, Embraer S.A. announced cash tender offers for certain outstanding securities, specifically targeting its 6.950% senior unsecured guaranteed notes due 2028 and 7.000% senior unsecured guaranteed notes due 2030. The offers, managed by Morgan Stanley & Co. LLC, aim to purchase notes up to an aggregate principal amount not exceeding $750 million. This strategic financial maneuver is intended to optimize Embraer’s debt profile, contingent upon successful new debt financing by Embraer Finance. The tender offers are set to expire on October 21, 2025, with early tender considerations available for those participating by October 3, 2025.
Embraer S.A. reported its financial results for the six-month period ending June 30, 2025, showing a significant increase in total revenue to $2,922.2 million from $2,390.8 million in the same period of 2024. This growth was driven by strong performance across its segments, particularly in Executive Aviation and Services & Support, resulting in a gross profit of $542.0 million, up from $408.7 million. The results highlight Embraer’s improved operational efficiency and market positioning, which could positively impact stakeholders and enhance its competitive edge in the aerospace industry.
On September 22, 2025, LATAM Airlines Group announced a strategic expansion in South America by ordering up to 74 Embraer E195-E2 aircraft, including 24 firm orders and 50 purchase options. This move, valued at approximately $2.1 billion, aims to enhance LATAM’s network by potentially adding up to 35 new destinations. The deliveries will begin in the second half of 2026, initially serving LATAM Airlines Brazil, and may extend to other affiliates. This investment aligns with LATAM’s financial policy and underscores its commitment to regional growth and connectivity, leveraging the E195-E2’s superior fuel efficiency and passenger comfort.
On September 17, 2025, Embraer and the Portuguese State signed an amendment to their existing contract for the acquisition of a sixth KC-390 Millennium aircraft, along with ten new purchase options for potential future acquisitions by partner nations. This move is part of the Portuguese Air Force’s modernization efforts, enhancing its strategic and operational capabilities. The expansion of the KC-390 fleet is expected to bolster Portugal’s tactical and logistical transport capacity, enabling rapid response to a variety of missions. The contract also positions Portugal as a benchmark for other European nations and NATO members seeking advanced aircraft solutions.
On September 10, 2025, Avelo Airlines announced a firm order for 50 Embraer E195-E2 aircraft, with options for 50 more, valued at $4.4 billion. This order marks Avelo as the first U.S. carrier to operate Embraer’s advanced E195-E2s, aimed at modernizing its fleet and enhancing cost efficiency. The aircraft’s advanced features, including short-field performance and fuel efficiency, are expected to expand Avelo’s market reach and improve operational efficiency, highlighting Embraer’s strategic positioning in the U.S. market.
On September 4, 2025, Embraer announced that Panama has signed a contract to acquire four A-29 Super Tucano aircraft, marking Panama as the eighth Latin American country to select this model for its National Air and Naval Service. This acquisition aims to enhance Panama’s surveillance and protection capabilities, aligning with the country’s national security projects. The A-29 Super Tucano is recognized for its reliability and cost-effectiveness, with more than 600,000 flight hours and usage by 22 air forces globally.
Embraer S.A. announced that Pedro Luís Farcic has resigned from his position as Chairman of the Board of Directors, effective September 1, 2025. Maurício Augusto Silveira de Medeiros will take over the role until the next Annual General Meeting, as per the company’s bylaws. This leadership change could impact the company’s strategic direction and stakeholder relations.
On August 5, 2025, Embraer S.A. filed a report with the U.S. Securities and Exchange Commission, signed by Antonio Carlos Garcia, the Executive Vice President of Finance and Investor Relations. This filing underscores Embraer’s ongoing compliance with international financial regulations, which is crucial for maintaining investor confidence and supporting its strategic objectives in the global aerospace market.
On July 21, 2025, Embraer S.A. submitted a report under the Securities Exchange Act of 1934, signed by Antonio Carlos Garcia, the Executive Vice President of Finance and Investor Relations. This filing underscores Embraer’s compliance with regulatory requirements, which is crucial for maintaining investor confidence and ensuring transparency in its financial operations.