Vertical Aerospace Ltd.(EVTL)Earnings, Financials & Key Ratios
EVTL•NYSE
$2.68
$274M mkt cap·Price updated May 7, 2026
AboutVertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.Show more
- Revenue$0
- EBITDA-$125M-107.3%
- Net Income$228M+129.2%
- EPS (Diluted)-0.56+98.5%
- Interest Coverage-673.34-776028.9%
EVTL Key Insights
Vertical Aerospace Ltd. (EVTL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak momentum: RS Rating 5 (bottom 5%)
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
EVTL Price & Volume
Vertical Aerospace Ltd. (EVTL) stock price & volume — 10-year historical chart
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EVTL Growth Metrics
Vertical Aerospace Ltd. (EVTL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM92.63%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM96.38%
Return on Capital
10 Years-219.8%
5 Years-196.32%
3 Years-190.39%
Last Year-
EVTL Recent Earnings
Vertical Aerospace Ltd. (EVTL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (50%)
Q2 2026Latest
May 6, 2026EPS
$0.40
Est $0.52
+23.6%
Revenue
—
Q2 2026
Mar 24, 2026EPS
$0.39
Est $0.38
-2.6%
Revenue
—
Q4 2025
Nov 4, 2025EPS
$0.32
Est $0.33
+3.4%
Revenue
—
Q3 2025
Aug 5, 2025EPS
$2.35
Est $0.43
-447.4%
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.40vs $0.52+23.6% | — |
| Q2 2026 | Mar 24, 2026 | $0.39vs $0.38-2.6% | — |
| Q4 2025 | Nov 4, 2025 | $0.32vs $0.33+3.4% | — |
| Q3 2025 | Aug 5, 2025 | $2.35vs $0.43-447.4% | — |
Based on last 12 quarters of dataView full earnings history →
EVTL Peer Comparison
Vertical Aerospace Ltd. (EVTL) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.67B | 6.28 | -6.34 | -2060.67% | -37.76% | 0.02 | ||
 WKHS | 31.94M | 3.63 | -0.07 | -49.47% | -6.07% | -198.1% | 0.37 | |
 HON | 136.91B | 216.07 | 29.36 | 7.85% | 11.16% | 23.05% | 2.24 | |
 GE | 316.2B | 302.63 | 37.09 | 18.48% | 17.91% | 45.85% | 1.08 | |
 RTX | 238.07B | 176.78 | 35.64 | 9.74% | 8.03% | 10.92% | 0.59 | |
 BA | 182.12B | 231.03 | 93.16 | 34.49% | 2.46% | 289.7% | 9.97 | |
 AVAV | 8.4B | 168.18 | 108.50 | 14.5% | -13.93% | -6.41% | 0.07 |
Compare EVTL vs Peers
Vertical Aerospace Ltd. (EVTL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EVTL Income Statement
Vertical Aerospace Ltd. (EVTL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 70K | 87K | 132K | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | 24.29% | 51.72% | -100% | - | - | - | - |
| Cost of Goods Sold | 66K | 44K | 64K | 2.69M | 3.37M | 3.45M | 1.91M | 11.01M |
| COGS % of Revenue | 94.29% | 50.57% | 48.48% | - | - | - | - | - |
| Gross Profit | 4K▲ 0% | 43K▲ 975.0% | 68K▲ 58.1% | -2.69M▼ 4054.4% | -3.37M▼ 25.5% | -3.45M▼ 2.4% | -1.91M▲ 44.6% | -11.01M▲ 0% |
| Gross Margin % | 5.71% | 49.43% | 51.52% | - | - | - | - | - |
| Gross Profit Growth % | - | 975% | 58.14% | -4054.38% | -25.46% | -2.38% | 44.61% | - |
| Operating Expenses | 7.45M | 11.56M | 277.31M | 123.62M | 128.73M | 130.18M | 124.53M | 137.27M |
| OpEx % of Revenue | 10645.71% | 13285.06% | 210081.06% | - | - | - | - | - |
| Selling, General & Admin | 2.7M | 3.9M | 264.37M | 54.89M | 40.9M | 44.69M | 53.63M | 61.21M |
| SG&A % of Revenue | 3854.29% | 4487.36% | 200278.79% | - | - | - | - | - |
| Research & Development | 5.15M | 9.97M | 24.29M | 49.13M | 65.37M | 59.89M | 74M | 78.45M |
| R&D % of Revenue | 7361.43% | 11460.92% | 18402.27% | - | - | - | - | - |
| Other Operating Expenses | -399K | -2.32M | -11.35M | 19.61M | 22.46M | 25.6M | -3.09M | -1000K |
| Operating Income | -7.45M▲ 0% | -11.52M▼ 54.6% | -277.24M▼ 2307.6% | -98.11M▲ 64.6% | -101.95M▼ 3.9% | -61.17M▲ 40.0% | -126.45M▼ 106.7% | -148.27M▲ 0% |
| Operating Margin % | -10640% | -13235.63% | -210029.55% | - | - | - | - | - |
| Operating Income Growth % | - | -54.61% | -2307.63% | 64.61% | -3.92% | 40% | -106.72% | - |
| EBITDA | -7.12M | -10.83M | -276.3M | -95.92M | -99.23M | -60.08M | -124.53M | -145.73M |
| EBITDA Margin % | -10168.57% | -12451.72% | -209315.91% | - | - | - | - | - |
| EBITDA Growth % | - | -52.19% | -2450.51% | 65.28% | -3.45% | 39.46% | -107.28% | -7.03% |
| D&A (Non-Cash Add-back) | 330K | 682K | 942K | 2.18M | 2.71M | 1.09M | 1.91M | 2.54M |
| EBIT | -7.47M | -11.54M | -244.65M | -79.33M | -66.25M | -61.17M | -126.45M | -392.26M |
| Net Interest Income | -51K | -1.01M | -575K | -14.42M | -13M | -702.89M | 2.65M | -5.8M |
| Interest Income | 46K | 0 | 0 | 623K | 3.36M | 2.16M | 2.84M | 3.4M |
| Interest Expense | 46K | 1.01M | 575K | 15.04M | 16.36M | 705.05M | 187.79K | 9.2M |
| Other Income/Expense | -66K | -807K | 32.02M | 3.73M | 19.34M | -720.03M | 317.21M | -108.52M |
| Pretax Income | -7.51M▲ 0% | -12.32M▼ 64.0% | -245.22M▼ 1890.1% | -94.38M▲ 61.5% | -82.61M▲ 12.5% | -781.2M▼ 845.7% | 190.76M▲ 124.4% | -256.8M▲ 0% |
| Pretax Margin % | -10734.29% | -14163.22% | -185775.76% | - | - | - | - | - |
| Income Tax | -30K | 4K | -3.28M | -5.54M | -22.66M | 45K | -37.06M | -11.98M |
| Effective Tax Rate % | 0.4% | -0.03% | 1.34% | 5.87% | 27.43% | -0.01% | -19.43% | 4.66% |
| Net Income | -7.48M▲ 0% | -12.33M▼ 64.7% | -245.22M▼ 1889.5% | -94.38M▲ 61.5% | -59.95M▲ 36.5% | -781.24M▼ 1203.2% | 227.82M▲ 129.2% | -244.82M▲ 0% |
| Net Margin % | -10691.43% | -14167.82% | -185775.76% | - | - | - | - | - |
| Net Income Growth % | - | -64.7% | -1889.49% | 61.51% | 36.48% | -1203.24% | 129.16% | 92.63% |
| Net Income (Continuing) | -7.48M | -12.33M | -245.22M | -94.38M | -59.95M | -781.24M | 227.82M | -244.82M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.75▲ 0% | -4.14▼ 452.0% | -19.80▼ 378.3% | -5.26▲ 73.4% | -3.13▲ 40.5% | -38.46▼ 1128.8% | -0.56▲ 98.5% | -1.72▲ 0% |
| EPS Growth % | - | -452% | -378.26% | 73.43% | 40.49% | -1128.75% | 98.54% | 96.38% |
| EPS (Basic) | -0.75 | -4.14 | -19.80 | -5.26 | -3.13 | -38.46 | 2.57 | - |
| Diluted Shares Outstanding | 9.99M | 3.82M | 12.41M | 17.95M | 19.13M | 20.32M | 127.18M | 142.5M |
| Basic Shares Outstanding | 9.99M | 3.82M | 12.41M | 17.95M | 19.13M | 20.32M | 88.66M | 100.7M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
EVTL Balance Sheet
Vertical Aerospace Ltd. (EVTL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.5M | 4.37M | 225.32M | 143.38M | 76.79M | 42.55M | 99.6M | 109.88M |
| Cash & Short-Term Investments | 1.03M | 839K | 212.66M | 122.81M | 48.68M | 22.56M | 70.18M | 73.38M |
| Cash Only | 1.03M | 839K | 212.66M | 62.93M | 48.68M | 22.56M | 70.18M | 73.38M |
| Short-Term Investments | 0 | 0 | 0 | 59.89M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.14M | 2.8M | 6.09M | 18.86M | 4.93M | 17.18M | 21.07M | 28.33M |
| Days Sales Outstanding | 5.92K | 11.74K | 16.83K | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | -5.47M | 18.12M | -1.76M | 0 | 0 |
| Total Non-Current Assets | 4.81M | 4.51M | 8.01M | 7.86M | 7.29M | 5.18M | 5.39M | 6.15M |
| Property, Plant & Equipment | 2.75M | 2.48M | 3.8M | 5.81M | 6.27M | 5.05M | 5.39M | 5.22M |
| Fixed Asset Turnover | 0.03x | 0.04x | 0.03x | - | - | - | - | 0.00x |
| Goodwill | 1.47M | 1.47M | 1.47M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 587K | 557K | 2.73M | 2.05M | 1.02M | 132K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935.04K |
| Other Non-Current Assets | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 7.31M▲ 0% | 8.88M▲ 21.6% | 233.33M▲ 2526.1% | 151.24M▼ 35.2% | 84.08M▼ 44.4% | 47.73M▼ 43.2% | 104.99M▲ 119.9% | 116.03M▲ 0% |
| Asset Turnover | 0.01x | 0.01x | 0.00x | - | - | - | - | 0.00x |
| Asset Growth % | - | 21.61% | 2526.1% | -35.18% | -44.4% | -43.23% | 119.95% | 97.67% |
| Total Current Liabilities | 1.59M | 8.89M | 51.32M | 136.75M | 18.42M | 16.6M | 222.78M | 125.39M |
| Accounts Payable | 703K | 846K | 6.71M | 16.03M | 3.73M | 5.44M | 0 | 0 |
| Days Payables Outstanding | 3.89K | 7.02K | 38.3K | 2.18K | 403.12 | 575.3 | - | 64.22 |
| Short-Term Debt | 0 | 6.31M | 490.31K | 115.25M | 0 | 0 | 189.09M | 87.88M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 70K | 10.25M | -5.54M | -74K | 2.33M | 33.26M | 36.24M |
| Current Ratio | 1.57x | 0.49x | 4.39x | 1.05x | 4.17x | 2.56x | 0.45x | 0.45x |
| Quick Ratio | 1.57x | 0.49x | 4.39x | 1.05x | 4.17x | 2.56x | 0.45x | 0.45x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.55M | 934K | 120.45M | 7.16M | 115.45M | 530.47M | 3.44M | 2.96M |
| Long-Term Debt | 0 | 0 | 112.8M | 115.25M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 947K | 846K | 1.58M | 2.65M | 1.98M | 1.62M | 2.3M | 8.47M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 607K | 88K | 6.07M | -110.73M | 113.47M | 528.85M | 1.14M | 11.08M |
| Total Liabilities | 3.14M | 9.82M | 171.77M | 143.92M | 133.86M | 547.07M | 226.22M | 128.35M |
| Total Debt | 1.17M | 7.33M | 114.74M | 233.66M | 2.62M | 2.2M | 191.39M | 90.05M |
| Net Debt | 137K | 6.49M | -97.92M | 170.73M | -46.06M | -20.36M | 121.21M | 16.67M |
| Debt / Equity | 0.28x | - | 1.86x | 31.93x | - | - | - | -7.31x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.62x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | -0.11x |
| Interest Coverage | -162.35x | -11.40x | -425.48x | -5.27x | -4.05x | -0.09x | -673.34x | -42.65x |
| Total Equity | 4.16M▲ 0% | -938K▼ 122.5% | 61.56M▲ 6663.0% | 7.32M▼ 88.1% | -49.78M▼ 780.2% | -499.34M▼ 903.1% | -121.23M▲ 75.7% | -12.31M▲ 0% |
| Equity Growth % | - | -122.54% | 6663.01% | -88.11% | -780.23% | -903.12% | 75.72% | -167.2% |
| Book Value per Share | 0.42 | -0.25 | 4.96 | 0.41 | -2.60 | -24.58 | -0.95 | -0.09 |
| Total Shareholders' Equity | 4.16M | -938K | 61.56M | 7.32M | -49.78M | -499.34M | -121.23M | -12.31M |
| Common Stock | 0 | 0 | 16K | 16K | 17K | 55K | 78.86K | 99K |
| Retained Earnings | 0 | -5.05M | -250.12M | -344.75M | -394.26M | -1.15B | -915.96M | -856.59M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -803K | -801.59K | -803.04K |
| Accumulated OCI | 0 | 4.12M | 63.31M | 94.86M | 86.76M | 99.3M | 136.59M | 145.01M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EVTL Cash Flow Statement
Vertical Aerospace Ltd. (EVTL) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -7.28M | -12.01M | -27.55M | -103.71M | -74.7M | -46.29M | -78.11M | -78.11M |
| Operating CF Margin % | -10404.29% | -13806.9% | -20871.21% | - | - | - | - | - |
| Operating CF Growth % | - | -64.93% | -129.35% | -276.46% | 27.98% | 38.03% | -68.74% | -688518.81% |
| Net Income | -7.48M | -12.33M | -245.22M | -94.38M | -59.95M | -781.24M | 227.82M | -244.82M |
| Depreciation & Amortization | 330K | 682K | 942K | 2.18M | 2.71M | 2.7M | 1.91M | 2.54M |
| Stock-Based Compensation | 0 | 96K | 27.28M | 23.19M | 8.82K | 7.49M | 0 | 4.13M |
| Deferred Taxes | -30K | 4K | 0 | 0 | -22.66M | 45K | 0 | -6.24M |
| Other Non-Cash Items | 66K | 807K | 141.76M | -1.7M | 785.18K | 735.06M | -326.78M | 136.88M |
| Working Capital Changes | -165K | -1.27M | 47.69M | -33.01M | 4.4M | -10.35M | 18.93M | 11.38M |
| Change in Receivables | -848K | -2.06M | -12.55M | -6.21M | 3.79M | -7.77M | 5.35M | -8.34M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 60.24M | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -2.83M | -688K | -3.35M | -62.96M | 61.38M | 1.73M | -283.64K | 66.79K |
| Capital Expenditures | -1.53M | -155K | -790K | -2.01M | -2.26M | -428K | -283.64K | -697.21K |
| CapEx % of Revenue | 2181.43% | 178.16% | 598.48% | - | - | - | - | - |
| Acquisitions | -731K | -300K | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -575K | -233K | -2.56M | -60.95M | 63.64M | 2.16M | 0 | 764K |
| Cash from Financing | 10.87M | 12.51M | 244.71M | 7.25M | 169K | 18.77M | 125.01M | 100.1M |
| Debt Issued (Net) | -130K | 5.38M | 166.74M | -484K | -669K | -771K | 0 | -416K |
| Equity Issued (Net) | 0 | 0 | 67.26M | 7.73M | 838K | 15.63M | 126.03M | 101.33M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 11M | 7.13M | 10.71M | 0 | 0 | 3.91M | -1.01M | -816.83K |
| Net Change in Cash | 757K▲ 0% | -190K▼ 125.1% | 211.82M▲ 111584.7% | -149.73M▼ 170.7% | -14.25M▲ 90.5% | -26.12M▼ 83.4% | 47.64M▲ 282.3% | 306.67K▲ 0% |
| Free Cash Flow | -9.38M▲ 0% | -12.4M▼ 32.1% | -28.34M▼ 128.5% | -105.72M▼ 273.0% | -76.96M▲ 27.2% | -46.72M▲ 39.3% | -78.4M▼ 67.8% | -96.62M▲ 0% |
| FCF Margin % | -13407.14% | -14252.87% | -21469.7% | - | - | - | - | - |
| FCF Growth % | - | -32.13% | -128.55% | -273.05% | 27.2% | 39.29% | -67.8% | -36.85% |
| FCF per Share | -0.94 | -3.25 | -2.28 | -5.89 | -4.02 | -2.30 | -0.62 | -0.62 |
| FCF Conversion (FCF/Net Income) | 0.97x | 0.97x | 0.11x | 1.10x | 1.25x | 0.06x | -0.34x | 0.39x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EVTL Key Ratios
Vertical Aerospace Ltd. (EVTL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -764.64% | -809.01% | -274.03% | - | - | - | 243.82% |
| Return on Invested Capital (ROIC) | -175.32% | - | -103.86% | -186.02% | - | - | -3672.62% |
| Gross Margin | 49.43% | 51.52% | - | - | - | - | - |
| Net Margin | -14167.82% | -185775.76% | - | - | - | - | - |
| Debt / Equity | - | 1.86x | 31.93x | - | - | - | -7.31x |
| Interest Coverage | -11.40x | -425.48x | -5.27x | -4.05x | -0.09x | -673.34x | -42.65x |
| FCF Conversion | 0.97x | 0.11x | 1.10x | 1.25x | 0.06x | -0.34x | 0.39x |
| Revenue Growth | 24.29% | 51.72% | -100% | - | - | - | - |
EVTL Frequently Asked Questions
Vertical Aerospace Ltd. (EVTL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Vertical Aerospace Ltd. (EVTL) grew revenue by 0.0% over the past year. Growth has been modest.
Vertical Aerospace Ltd. (EVTL) reported a net loss of $244.8M for fiscal year 2025.
Dividend & Returns
Vertical Aerospace Ltd. (EVTL) had negative free cash flow of $96.6M in fiscal year 2025, likely due to heavy capital investments.
Explore More EVTL
Vertical Aerospace Ltd. (EVTL) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates