Vertical Aerospace Ltd. (EVTL) 10-Year Financial Performance & Capital Metrics

EVTL • • Industrial / General

IndustrialsAerospace & DefenseUrban Air Mobility & eVTOLUrban Air Mobility Platforms

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 -$60M +39.5%
Net Income -$781M -1203.2%
EPS (Diluted) -38.46 -1128.8%
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE -
ROIC -
Debt/Equity -
Interest Coverage -0.09 +98.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 85 (top 15%)

✗Weaknesses

✗Weak Piotroski F-Score: 1/9
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-100%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-329.46%

EPS CAGR

10Y-

5Y-

3Y-

TTM-161.7%

ROCE

10Y Avg-219.8%

5Y Avg-237.69%

3Y Avg-160.21%

Latest-126.38%

Peer Comparison

Urban Air Mobility Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
XTIAXTI Aerospace, Inc.	58.32M	1.69	-0.01	-29.81%	-13.26%	-5.35%		0.47
EVTLVertical Aerospace Ltd.	600.72M	6.02	-0.16
EHEHang Holdings Limited	771.86M	14.71	-2.15	294.02%	-66.75%	-27.35%	15.42%	0.24
ACHRArcher Aviation Inc.	6.5B	8.86	-6.24			-37.93%		0.10
EVEXEve Holding, Inc.	1.62B	4.66	-9.71			-109.22%		1.07

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	70K	87K	132K	0	0	0
Revenue Growth %	-	0.24%	0.52%	-1%	-	-
Cost of Goods Sold+	66K	44K	64K	0	0	0
COGS % of Revenue	0.94%	0.51%	0.48%	-	-	-
Gross Profit+	4K	43K	68K	0	0	0
Gross Margin %	0.06%	0.49%	0.52%	-	-	-
Gross Profit Growth %	-	9.75%	0.58%	-1%	-	-
Operating Expenses+	7.45M	11.56M	277.31M	98.11M	101.95M	61.17M
OpEx % of Revenue	106.46%	132.85%	2100.81%	-	-	-
Selling, General & Admin	2.7M	3.9M	264.37M	54.89M	40.9M	44.69M
SG&A % of Revenue	38.54%	44.87%	2002.79%	-	-	-
Research & Development	5.15M	9.97M	24.29M	49.13M	65.37M	59.89M
R&D % of Revenue	73.61%	114.61%	184.02%	-	-	-
Other Operating Expenses	-399K	-2.32M	-11.35M	-5.91M	-4.33M	-43.41M
Operating Income+	-7.45M	-11.52M	-277.24M	-98.11M	-101.95M	-61.17M
Operating Margin %	-106.4%	-132.36%	-2100.3%	-	-	-
Operating Income Growth %	-	-0.55%	-23.08%	0.65%	-0.04%	0.4%
EBITDA+	-7.12M	-10.83M	-276.3M	-95.92M	-99.23M	-60.08M
EBITDA Margin %	-101.69%	-124.52%	-2093.16%	-	-	-
EBITDA Growth %	-	-0.52%	-24.51%	0.65%	-0.03%	0.39%
D&A (Non-Cash Add-back)	330K	682K	942K	2.18M	2.71M	1.09M
EBIT	-7.47M	-11.54M	-244.65M	-79.33M	-66.25M	-61.17M
Net Interest Income+	-51K	-1.01M	-575K	-14.42M	-13M	-702.89M
Interest Income	46K	0	0	623K	3.36M	2.16M
Interest Expense	46K	1.01M	575K	15.04M	16.36M	705.05M
Other Income/Expense	-66K	-807K	32.02M	3.73M	19.34M	-720.03M
Pretax Income+	-7.51M	-12.32M	-245.22M	-94.38M	-82.61M	-781.2M
Pretax Margin %	-107.34%	-141.63%	-1857.76%	-	-	-
Income Tax+	-30K	4K	0	0	-22.66M	45K
Effective Tax Rate %	1%	1%	1%	1%	0.73%	1%
Net Income+	-7.48M	-12.33M	-245.22M	-94.38M	-59.95M	-781.24M
Net Margin %	-106.91%	-141.68%	-1857.76%	-	-	-
Net Income Growth %	-	-0.65%	-18.89%	0.62%	0.36%	-12.03%
Net Income (Continuing)	-7.48M	-12.33M	-245.22M	-94.38M	-59.95M	-781.24M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-0.75	-3.04	-20.14	-5.26	-3.13	-38.46
EPS Growth %	-	-3.05%	-5.63%	0.74%	0.4%	-11.29%
EPS (Basic)	-0.75	-3.04	-20.14	-5.26	-3.13	-38.46
Diluted Shares Outstanding	9.99M	3.82M	12.41M	17.95M	19.13M	20.32M
Basic Shares Outstanding	9.99M	3.82M	12.41M	17.95M	19.13M	20.32M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.5M	4.37M	225.32M	143.38M	76.79M	42.55M
Cash & Short-Term Investments	1.03M	839K	212.66M	122.81M	48.68M	22.56M
Cash Only	1.03M	839K	212.66M	62.93M	48.68M	22.56M
Short-Term Investments	0	0	0	59.89M	0	0
Accounts Receivable	1.14M	2.8M	6.09M	18.86M	4.93M	0
Days Sales Outstanding	5.92K	11.74K	16.83K	-	-	-
Inventory	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-
Other Current Assets	0	0	0	-5.47M	18.12M	15.42M
Total Non-Current Assets+	4.81M	4.51M	8.01M	7.86M	7.29M	5.18M
Property, Plant & Equipment	2.75M	2.48M	3.8M	5.81M	6.27M	5.05M
Fixed Asset Turnover	0.03x	0.04x	0.03x	-	-	-
Goodwill	1.47M	1.47M	1.47M	0	0	0
Intangible Assets	587K	557K	2.73M	2.05M	1.02M	132K
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	-1K	0	0	0	0	0
Total Assets+	7.31M	8.88M	233.33M	151.24M	84.08M	47.73M
Asset Turnover	0.01x	0.01x	0.00x	-	-	-
Asset Growth %	-	0.22%	25.26%	-0.35%	-0.44%	-0.43%
Total Current Liabilities+	1.59M	8.89M	51.32M	136.75M	18.42M	16.6M
Accounts Payable	703K	846K	6.71M	16.03M	3.73M	5.44M
Days Payables Outstanding	3.89K	7.02K	38.3K	-	-	-
Short-Term Debt	0	6.31M	0	115.25M	0	0
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	0	70K	10.74M	-5.54M	-74K	2.33M
Current Ratio	1.57x	0.49x	4.39x	1.05x	4.17x	2.56x
Quick Ratio	1.57x	0.49x	4.39x	1.05x	4.17x	2.56x
Cash Conversion Cycle	-	-	-	-	-	-
Total Non-Current Liabilities+	1.55M	934K	120.45M	7.16M	115.45M	530.47M
Long-Term Debt	0	0	112.8M	115.25M	0	0
Capital Lease Obligations	947K	846K	1.58M	2.65M	1.98M	1.62M
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	607K	88K	6.07M	-110.73M	113.47M	528.85M
Total Liabilities	3.14M	9.82M	171.77M	143.92M	133.86M	547.07M
Total Debt+	1.17M	7.33M	114.74M	233.66M	2.62M	2.2M
Net Debt	137K	6.49M	-97.92M	170.73M	-46.06M	-20.36M
Debt / Equity	0.28x	-	1.86x	31.93x	-	-
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-
Interest Coverage	-161.91x	-11.38x	-482.15x	-6.52x	-6.23x	-0.09x
Total Equity+	4.16M	-938K	61.56M	7.32M	-49.78M	-499.34M
Equity Growth %	-	-1.23%	66.63%	-0.88%	-7.8%	-9.03%
Book Value per Share	0.42	-0.25	4.96	0.41	-2.60	-24.58
Total Shareholders' Equity	4.16M	-938K	61.56M	7.32M	-49.78M	-499.34M
Common Stock	0	0	16K	16K	17K	55K
Retained Earnings	0	-5.05M	-250.12M	-344.75M	-394.26M	-1.15B
Treasury Stock	0	0	0	0	0	-803K
Accumulated OCI	0	4.12M	63.31M	94.86M	86.76M	99.3M
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-7.28M	-12.01M	-27.55M	-103.71M	-74.7M	-46.29M
Operating CF Margin %	-104.04%	-138.07%	-208.71%	-	-	-
Operating CF Growth %	-	-0.65%	-1.29%	-2.76%	0.28%	0.38%
Net Income	-7.48M	-12.33M	-245.22M	-94.38M	-59.95M	-781.24M
Depreciation & Amortization	330K	682K	942K	2.18M	2.71M	2.7M
Stock-Based Compensation	0	96K	27.28M	23.19M	8.82K	7.49M
Deferred Taxes	-30K	4K	0	0	-22.66M	45K
Other Non-Cash Items	66K	807K	198.57M	-1.7M	785.18K	735.06M
Working Capital Changes	-165K	-1.27M	-9.13M	-33.01M	4.4M	-10.35M
Change in Receivables	-848K	-2.06M	-9.13M	-6.21M	3.79M	-7.77M
Change in Inventory	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0
Cash from Investing+	-2.83M	-688K	-3.35M	-62.96M	61.38M	1.73M
Capital Expenditures	-1.53M	-155K	-790K	-2.01M	-2.26M	-428K
CapEx % of Revenue	21.81%	1.78%	5.98%	-	-	-
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	-575K	-233K	-2.56M	-60.95M	63.64M	2.16M
Cash from Financing+	10.87M	12.51M	244.71M	7.25M	169K	18.77M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	11M	7.13M	77.97M	0	0	3.91M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-9.38M	-12.4M	-28.34M	-105.72M	-76.96M	-46.72M
FCF Margin %	-134.07%	-142.53%	-214.7%	-	-	-
FCF Growth %	-	-0.32%	-1.29%	-2.73%	0.27%	0.39%
FCF per Share	-0.94	-3.25	-2.28	-5.89	-4.02	-2.30
FCF Conversion (FCF/Net Income)	0.97x	0.97x	0.11x	1.10x	1.25x	0.06x
Interest Paid	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-179.82%	-764.64%	-809.01%	-274.03%	-	-
Return on Invested Capital (ROIC)	-129.94%	-175.32%	-	-103.86%	-186.02%	-
Gross Margin	5.71%	49.43%	51.52%	-	-	-
Net Margin	-10691.43%	-14167.82%	-185775.76%	-	-	-
Debt / Equity	0.28x	-	1.86x	31.93x	-	-
Interest Coverage	-161.91x	-11.38x	-482.15x	-6.52x	-6.23x	-0.09x
FCF Conversion	0.97x	0.97x	0.11x	1.10x	1.25x	0.06x
Revenue Growth	-	24.29%	51.72%	-100%	-	-

Revenue by Segment

	2021
Rendering of engineering consultancy services	132K
Rendering of engineering consultancy services Growth	-

Frequently Asked Questions

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 $1.10B for fiscal year 2024.

Dividend & Returns

Vertical Aerospace Ltd. (EVTL) had negative free cash flow of $61.6M in fiscal year 2024, likely due to heavy capital investments.

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