JetBlue Airways Corporation (JBLU) Financial Ratios
27 years of historical data (1999–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
↑
32.26
↑+41% vs avg
5yr avg: 22.91
30Y Low5.3·High30.9
P/FCF
N/A
—
5yr avg: 7.00
30Y Low7.0·High99.0
P/B Ratio
↓
0.99
+19% vs avg
5yr avg: 0.83
30Y Low0.6·High4.3
ROE
↓
-25.3%
↑-68% vs avg
5yr avg: -15.1%
30Y Low-31%·High30%
Debt/EBITDA
↑
32.05
↑+60% vs avg
5yr avg: 20.05
30Y Low0.9·High32.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JBLU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
JetBlue Airways Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $1.7B | $2.7B | $1.8B | $2.1B | $4.5B | $4.0B | $5.6B | $5.1B | $7.4B | $7.7B |
| Enterprise Value | $10.3B | $9.9B | $9.9B | $6.6B | $5.4B | $7.3B | $7.8B | $7.8B | $6.2B | $8.3B | $8.6B |
| P/E Ratio → | -3.42 | — | — | — | — | — | — | 9.80 | 26.77 | 6.55 | 10.10 |
| P/S Ratio | 0.23 | 0.19 | 0.29 | 0.19 | 0.23 | 0.75 | 1.36 | 0.69 | 0.66 | 1.05 | 1.16 |
| P/B Ratio | 0.99 | 0.79 | 1.03 | 0.55 | 0.59 | 1.18 | 1.02 | 1.16 | 1.10 | 1.52 | 1.91 |
| P/FCF | — | — | — | — | — | 7.00 | — | 19.07 | 49.04 | 37.57 | 12.35 |
| P/OCF | — | — | 18.93 | 4.62 | 5.53 | 2.76 | — | 3.86 | 4.15 | 5.27 | 4.70 |
P/E links to full P/E history page with 30-year chart
JBLU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
JetBlue Airways Corporation's enterprise value stands at 32.3x EBITDA, 41% above its 5-year average of 22.9x. The Industrials sector median is 13.9x, placing the stock at a 133% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.09 | 1.07 | 0.69 | 0.59 | 1.21 | 2.65 | 0.96 | 0.82 | 1.18 | 1.30 |
| EV / EBITDA | 32.26 | 30.89 | — | 20.09 | 23.04 | 17.62 | — | 6.11 | 9.07 | 6.09 | 5.32 |
| EV / EBIT | — | — | — | — | — | — | — | 9.56 | 8.91 | 8.49 | 6.84 |
| EV / FCF | — | — | — | — | — | 11.30 | — | 26.55 | 60.65 | 42.14 | 13.89 |
JBLU Profitability
Margins and return-on-capital ratios measuring operating efficiency
JetBlue Airways Corporation earns an operating margin of -4.1%, below the Industrials sector average of 4.3%. Operating margins have compressed from -2.4% to -4.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -25.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.9% | 33.9% | 24.7% | 24.1% | 21.5% | 14.7% | -20.0% | 33.8% | 33.0% | 37.1% | 41.9% |
| Operating Margin | -4.1% | -4.1% | -7.4% | -2.4% | -3.3% | -1.3% | -58.0% | 9.9% | 3.5% | 13.9% | 19.0% |
| Net Profit Margin | -6.6% | -6.6% | -8.6% | -3.2% | -4.0% | -3.0% | -45.8% | 7.0% | 2.5% | 16.3% | 11.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -25.3% | -25.3% | -26.6% | -9.0% | -9.8% | -4.7% | -30.9% | 12.1% | 4.0% | 25.8% | 20.1% |
| ROA | -3.4% | -3.4% | -4.9% | -2.1% | -2.5% | -1.3% | -10.7% | 5.1% | 1.9% | 11.8% | 8.0% |
| ROIC | -2.7% | -2.7% | -5.7% | -2.3% | -3.3% | -0.8% | -17.4% | 9.4% | 3.5% | 13.6% | 19.5% |
| ROCE | -2.7% | -2.7% | -5.5% | -2.1% | -2.7% | -0.7% | -17.2% | 9.3% | 3.5% | 13.3% | 18.5% |
JBLU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
JetBlue Airways Corporation carries a Debt/EBITDA ratio of 32.0x, which is highly leveraged (891% above the sector average of 3.2x). Net debt stands at $8.2B ($10.3B total debt minus $2.0B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.84 | 4.84 | 3.46 | 1.78 | 1.23 | 1.25 | 1.45 | 0.66 | 0.36 | 0.25 | 0.34 |
| Debt / EBITDA | 32.05 | 32.05 | — | 18.02 | 18.57 | 11.57 | — | 2.48 | 2.42 | 0.88 | 0.85 |
| Net Debt / Equity | — | 3.87 | 2.73 | 1.43 | 0.94 | 0.72 | 0.96 | 0.46 | 0.26 | 0.19 | 0.24 |
| Net Debt / EBITDA | 25.65 | 25.65 | — | 14.47 | 14.16 | 6.71 | — | 1.72 | 1.74 | 0.66 | 0.59 |
| Debt / FCF | — | — | — | — | — | 4.30 | — | 7.48 | 11.61 | 4.57 | 1.53 |
| Interest Coverage | -0.33 | -0.33 | -0.27 | -0.16 | -1.11 | -4.76 | -11.16 | 12.52 | 8.55 | 15.95 | 12.23 |
JBLU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.74x is below 1.0, meaning current liabilities exceed current assets — though the company's $2.0B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.60x to 0.74x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.74 | 0.74 | 1.10 | 0.60 | 0.51 | 0.95 | 1.25 | 0.67 | 0.61 | 0.50 | 0.70 |
| Quick Ratio | 0.69 | 0.69 | 1.06 | 0.57 | 0.49 | 0.93 | 1.22 | 0.64 | 0.58 | 0.48 | 0.68 |
| Cash Ratio | 0.51 | 0.51 | 0.93 | 0.43 | 0.37 | 0.83 | 1.14 | 0.50 | 0.20 | 0.29 | 0.19 |
| Asset Turnover | — | 0.49 | 0.55 | 0.63 | 0.63 | 0.41 | 0.22 | 0.68 | 0.73 | 0.72 | 0.70 |
| Inventory Turnover | 31.05 | 31.05 | 44.21 | 66.96 | 82.60 | 69.55 | 49.96 | 66.16 | 65.82 | 80.22 | 80.89 |
| Days Sales Outstanding | — | 14.98 | 13.69 | 12.76 | 12.63 | 12.52 | 12.10 | 10.42 | 10.06 | 12.75 | 9.47 |
JBLU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
JetBlue Airways Corporation returns 0.4% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 10.2% | 3.7% | 15.3% | 9.9% |
| FCF Yield | — | — | — | — | — | 14.3% | — | 5.2% | 2.0% | 2.7% | 8.1% |
| Buyback Yield | 0.4% | 0.5% | 0.2% | 0.2% | 0.3% | 0.2% | 4.1% | 9.7% | 7.6% | 5.3% | 1.7% |
| Total Shareholder Yield | 0.4% | 0.5% | 0.2% | 0.2% | 0.3% | 0.2% | 4.1% | 9.7% | 7.6% | 5.3% | 1.7% |
| Shares Outstanding | — | $369M | $347M | $333M | $324M | $318M | $278M | $298M | $315M | $330M | $342M |
Peer Comparison
Compare JBLU with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 JBLUYou | $2B | -3.4 | 32.3 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 ALGT | $2B | -40.6 | 8.4 | 24.8 | 15.4% | 6.7% | -4.2% | 4.6% | 4.4 |
 SNCY | $876M | 16.8 | 6.6 | 10.4 | 66.9% | 8.9% | 8.8% | 6.9% | 3.0 |
 ULCC | $2B | -12.0 | — | — | 35.5% | -4.0% | -25.0% | -2.3% | — |
 DAL | $55B | 11.0 | 8.7 | 14.3 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 UAL | $38B | 11.6 | 8.3 | 15.0 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $11B | 94.1 | 13.0 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 LUV | $24B | 60.7 | 13.2 | — | 17.4% | 1.5% | 4.8% | 3.0% | 3.0 |
 BA | $176B | 89.8 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 GE | $374B | 43.8 | 38.2 | 51.4 | 36.8% | 19.1% | 45.3% | 24.7% | 2.1 |
 RTX | $250B | 37.4 | 21.9 | 31.5 | 20.1% | 10.0% | 10.4% | 6.7% | 3.1 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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JBLU — Frequently Asked Questions
Quick answers to the most common questions about buying JBLU stock.
What is JetBlue Airways Corporation's P/E ratio?
JetBlue Airways Corporation's current P/E ratio is -3.4x. The historical average is 23.3x.
What is JetBlue Airways Corporation's EV/EBITDA?
JetBlue Airways Corporation's current EV/EBITDA is 32.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
What is JetBlue Airways Corporation's ROE?
JetBlue Airways Corporation's return on equity (ROE) is -25.3%. The historical average is 3.2%.
Is JBLU stock overvalued?
Based on historical data, JetBlue Airways Corporation is trading at a P/E of -3.4x. Compare with industry peers and growth rates for a complete picture.
What are JetBlue Airways Corporation's profit margins?
JetBlue Airways Corporation has 33.9% gross margin and -4.1% operating margin.
How much debt does JetBlue Airways Corporation have?
JetBlue Airways Corporation's Debt/EBITDA ratio is 32.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.