1.Sales and profit
See section β- Controladora Vuela Compania de Aviacion, S.A.B. de C.V. lost $104M in fiscal 2025.
Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
VLRS NYSE Air Transportation, Scheduled Financials FY2017βFY2025
Last close Β· Oct 23, 2026
$5.68
0.2%KIRAβs summary AI analyst
Hi! I read Controladora Vuela Compania de Aviacion, S.A.B. de C.V.βs latest annual report (fiscal 2025). Here is what stands out:
1 strength 1 to watch
2.Cash and shareholders
See section β- Free cash flow was $458M in fiscal 2025, β of revenue.
- Controladora Vuela Compania de Aviacion, S.A.B. de C.V. returned $4.7M to shareholders in fiscal 2025, 1% of free cash flow. The diluted share count fell 1.4%.
- In the last 12 months, insiders sold $1.1M of shares on the open market and bought none.
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. in 30 seconds
Good So-so Weak
Weak
Does it make a profit?
β$104M
No. It lost money last year.
For information
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$653M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
On β$0.90 EPS (TTM)
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY17
Revenue β
FY18
Revenue β
FY19
Revenue β
FY20
Revenue β
FY21
Revenue β
FY22
Revenue β
FY23
Revenue β
FY24
Revenue β
FY25
Revenue β
Margins, % of revenue
FY17
Gross β
Operating β
Net β
FCF β
FY18
Gross β
Operating β
Net β
FCF β
FY19
Gross β
Operating β
Net β
FCF β
FY20
Gross β
Operating β
Net β
FCF β
FY21
Gross β
Operating β
Net β
FCF β
FY22
Gross β
Operating β
Net β
FCF β
FY23
Gross β
Operating β
Net β
FCF β
FY24
Gross β
Operating β
Net β
FCF β
FY25
Gross β
Operating β
Net β
FCF β
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Controladora Vuela Compania de Aviacion, S.A.B. de C.V. lost $104M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY17
Net income β$30.1M
FY18
Net income β$34.7M
FY19
Net income $140M
FY20
Net income β$192M
FY21
Net income $106M
FY22
Net income β$80.2M
FY23
Net income $7.8M
FY24
Net income $126M
FY25
Net income β$104M
Diluted EPS
FY17
Diluted EPS β$0.30
FY18
Diluted EPS β$0.34
FY19
Diluted EPS $1.38
FY20
Diluted EPS β$1.88
FY21
Diluted EPS $0.91
FY22
Diluted EPS β$0.69
FY23
Diluted EPS $0.07
FY24
Diluted EPS $1.08
FY25
Diluted EPS β$0.90
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was $458M in fiscal 2025, β of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY17
Free cash flow β$77.8M
FY18
Free cash flow β$111M
FY19
Free cash flow $320M
FY20
Free cash flow $56.6M
FY21
Free cash flow $599M
FY22
Free cash flow $266M
FY23
Free cash flow $249M
FY24
Free cash flow $507M
FY25
Free cash flow $458M
Cash from operations vs capital spending
FY17
Cash from operations $50.0M
Capital spending $128M
FY18
Cash from operations $28.7M
Capital spending $139M
FY19
Cash from operations $505M
Capital spending $185M
FY20
Cash from operations $214M
Capital spending $157M
FY21
Cash from operations $785M
Capital spending $186M
FY22
Cash from operations $614M
Capital spending $347M
FY23
Cash from operations $730M
Capital spending $481M
FY24
Cash from operations $1.1B
Capital spending $583M
FY25
Cash from operations $750M
Capital spending $292M
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Controladora Vuela Compania de Aviacion, S.A.B. de C.V. returned $4.7M to shareholders in fiscal 2025, 1% of free cash flow. The diluted share count fell 1.4%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY17
Dividends β
Buybacks $0.5M
FY18
Dividends β
Buybacks $2.9M
FY19
Dividends β
Buybacks $4.0M
FY20
Dividends β
Buybacks $4.5M
FY21
Dividends β
Buybacks $4.4M
FY22
Dividends β
Buybacks $5.2M
FY23
Dividends β
Buybacks $4.0M
FY24
Dividends β
Buybacks $5.1M
FY25
Dividends β
Buybacks $4.7M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY17
Diluted shares 0.10B
FY18
Diluted shares 0.10B
FY19
Diluted shares 0.10B
FY20
Diluted shares 0.10B
FY21
Diluted shares 0.12B
FY22
Diluted shares 0.12B
FY23
Diluted shares 0.12B
FY24
Diluted shares 0.12B
FY25
Diluted shares 0.11B
Insider trades
KIRA Β· In the last 12 months, insiders sold $1.1M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$1.1M
1 insider
Of sales under plans
0%
$0.0M
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Controladora Vuela Compania de Aviacion, S.A.B. de C.V. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY17
Cash $353M
Debt β
FY18
Cash $423M
Debt β
FY19
Cash $400M
Debt β
FY20
Cash $506M
Debt β
FY21
Cash $741M
Debt β
FY22
Cash $712M
Debt β
FY23
Cash $774M
Debt β
FY24
Cash $908M
Debt β
FY25
Cash $754M
Debt β
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $741M | $712M | $774M | $908M | $754M |
| Interest coverage | 2.8x | 0.2x | 1.0x | 1.4x | 0.4x |
| Current ratio | 0.8x | 0.8x | 0.8x | 0.8x | 0.7x |
| Quick ratio | 0.8x | 0.7x | 0.8x | 0.8x | 0.7x |
| Total assets | $4.0B | $4.5B | $5.1B | $5.7B | $5.6B |
| Total liabilities | $3.7B | $4.2B | $4.9B | $5.3B | $5.4B |
| Shareholders' equity | $313M | $235M | $243M | $365M | $264M |
| Net debt (β = net cash) | β | β | β | β | β |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY17
Return on capital β
Return on equity β5.9%
Return on assets β2.6%
FY18
Return on capital β
Return on equity β7.1%
Return on assets β3.0%
FY19
Return on capital β
Return on equity 36.9%
Return on assets 6.2%
FY20
Return on capital β
Return on equity β88.4%
Return on assets β5.7%
FY21
Return on capital β
Return on equity 47.0%
Return on assets 2.9%
FY22
Return on capital β
Return on equity β29.3%
Return on assets β1.9%
FY23
Return on capital β
Return on equity 3.3%
Return on assets 0.2%
FY24
Return on capital β
Return on equity 41.6%
Return on assets 2.3%
FY25
Return on capital β
Return on equity β33.0%
Return on assets β1.8%
Return on capital
Return on equity
Return on assets
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 |
| Accruals ratio | β7.0% | β5.6% | β16.2% | β12.0% | β18.3% | β16.4% | β15.0% | β17.8% | β15.1% |
| Altman Z'' | 2.15 | 1.07 | 0.05 | β1.03 | 0.25 | β0.51 | β0.23 | 0.10 | β0.47 |
All figures
Every number, year by year.
9 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Operating income | $0.9M | β$44.7M | $231M | β$134M | $397M | $43.7M | $223M | $413M | $135M |
| Interest expense | $4.4M | $6.1M | $120M | $138M | $139M | $193M | $219M | $294M | $314M |
| Pretax income | β$38.3M | β$46.8M | $198M | β$253M | $137M | β$132M | $7.4M | $183M | β$118M |
| Income tax | β$8.2M | β$12.1M | $58.1M | β$61.7M | $30.6M | β$52.1M | β$0.4M | $56.3M | β$14.4M |
| Net income | β$30.1M | β$34.7M | $140M | β$192M | $106M | β$80.2M | $7.8M | $126M | β$104M |
| Diluted EPS | β$0.30 | β$0.34 | $1.38 | β$1.88 | $0.91 | β$0.69 | $0.07 | $1.08 | β$0.90 |
| Diluted shares | 0.10B | 0.10B | 0.10B | 0.10B | 0.12B | 0.12B | 0.12B | 0.12B | 0.11B |
| Cash flow | |||||||||
| Cash from operations | $50.0M | $28.7M | $505M | $214M | $785M | $614M | $730M | $1.1B | $750M |
| Capital expenditure | $128M | $139M | $185M | $157M | $186M | $347M | $481M | $583M | $292M |
| Free cash flow | β$77.8M | β$111M | $320M | $56.6M | $599M | $266M | $249M | $507M | $458M |
| Depreciation and amortization | $27.8M | $25.4M | $35.8M | $42.1M | $57.0M | $97.5M | $134M | $183M | $208M |
| Stock-based compensation | $0.4M | $0.7M | $1.7M | $2.3M | β$1.3M | $0.7M | $5.8M | $5.2M | $6.3M |
| Acquisitions | β | β | β | β | $0.1M | β | β | β | β |
| Share buybacks | $0.5M | $2.9M | $4.0M | $4.5M | $4.4M | $5.2M | $4.0M | $5.1M | $4.7M |
| Dividends and buybacks | $0.5M | $2.9M | $4.0M | $4.5M | $4.4M | $5.2M | $4.0M | $5.1M | $4.7M |
| Balance sheet | |||||||||
| Cash and short-term investments | $353M | $423M | $400M | $506M | $741M | $712M | $774M | $908M | $754M |
| Current assets | $573M | $467M | $643M | $722M | $979M | $1.1B | $1.2B | $1.4B | $1.4B |
| Current liabilities | $475M | $470M | $919M | $1.1B | $1.3B | $1.4B | $1.6B | $1.8B | $1.9B |
| Inventory | $14.9M | $15.1M | $16.0M | $14.0M | $14.4M | $15.8M | $16.1M | $16.6M | $16.7M |
| Property and equipment, net | $222M | $294M | $392M | $365M | $455M | $479M | $805M | $1.1B | $948M |
| Intangible assets | $9.6M | $9.1M | $8.9M | $9.6M | $12.6M | $12.7M | $16.2M | $26.0M | $38.3M |
| Total assets | $1.1B | $1.1B | $3.4B | $3.4B | $4.0B | $4.5B | $5.1B | $5.7B | $5.6B |
| Total liabilities | $634M | $668M | $3.1B | $3.3B | $3.7B | $4.2B | $4.9B | $5.3B | $5.4B |
| Shareholders' equity | $515M | $466M | $293M | $140M | $313M | $235M | $243M | $365M | $264M |
| Returns | |||||||||
| Return on capital employed | 0.1% | β6.7% | 9.5% | β5.6% | 14.5% | 1.4% | 6.3% | 10.5% | 3.6% |
| Return on equity | β5.9% | β7.1% | 36.9% | β88.4% | 47.0% | β29.3% | 3.3% | 41.6% | β33.0% |
| Return on assets | β2.6% | β3.0% | 6.2% | β5.7% | 2.9% | β1.9% | 0.2% | 2.3% | β1.8% |
| Return on tangible equity | β6.0% | β7.6% | 49.2% | β146.8% | 35.4% | β36.1% | 3.5% | 37.3% | β46.1% |
| Growth | |||||||||
| Net income growth | β | β | β | β236.9% | β | β175.4% | β | 1,516.3% | β182.2% |
| EPS growth | β | β | β | β236.2% | β | β175.8% | β | 1,442.9% | β183.3% |
| FCF growth | β | β | β | β82.3% | 958.4% | β55.5% | β6.5% | 103.4% | β9.6% |
| Share count change | β | 0.0% | 0.0% | 0.9% | 14.1% | β0.0% | 0.0% | 0.0% | β1.4% |
| Financial health | |||||||||
| Interest coverage | 0.2x | β7.3x | 1.9x | β1.0x | 2.8x | 0.2x | 1.0x | 1.4x | 0.4x |
| Current ratio | 1.2x | 1.0x | 0.7x | 0.7x | 0.8x | 0.8x | 0.8x | 0.8x | 0.7x |
| Quick ratio | 1.2x | 1.0x | 0.7x | 0.7x | 0.8x | 0.7x | 0.8x | 0.8x | 0.7x |
| Capital allocation | |||||||||
| Payouts / FCF | β | β | 1.3% | 8.0% | 0.7% | 2.0% | 1.6% | 1.0% | 1.0% |
| Quality scores | |||||||||
| Altman Z'' | 2.2 | 1.1 | 0.0 | β1.0 | 0.2 | β0.5 | β0.2 | 0.1 | β0.5 |
| Accruals ratio | β7.0% | β5.6% | β16.2% | β12.0% | β18.3% | β16.4% | β15.0% | β17.8% | β15.1% |
Source: SEC EDGAR XBRL filings (CIK 0001520504). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Per-share figures are per US-listed share (1 ADS = 10 ordinary shares). For information only β not investment advice. Check the original filings before relying on any figure.