Mesa Air Group, Inc. (MESA) Financial Ratios
35 years of historical data (1991–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
N/A
—
5yr avg: 6.20
30Y Low5.1·High8.4
P/FCF
↑
63.13
↑+1906% vs avg
5yr avg: 3.15
30Y Low0.7·High9.0
P/B Ratio
↓
0.03
↓-90% vs avg
5yr avg: 0.36
30Y Low0.2·High0.9
ROE
↓
-528.9%
↑-290% vs avg
5yr avg: -135.4%
30Y Low-59%·High37%
Debt/EBITDA
N/A
—
5yr avg: 4.98
30Y Low1.8·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MESA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mesa Air Group, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 63.1x P/FCF, 1906% above the 5-year average of 3.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $879M | $54M | $50M | $34M | $60M | $298M | $104M | $236M | $349M | — | — |
| Enterprise Value | $1.2B | $116M | $354M | $542M | $637M | $905M | $843M | $1.0B | $1.2B | — | — |
| P/E Ratio → | -0.04 | — | — | — | — | 17.81 | 3.78 | 4.96 | 10.50 | — | — |
| P/S Ratio | 1.85 | 0.14 | 0.10 | 0.07 | 0.11 | 0.59 | 0.19 | 0.33 | 0.51 | — | — |
| P/B Ratio | 0.03 | — | 0.45 | 0.17 | 0.19 | 0.61 | 0.23 | 0.55 | 0.93 | — | — |
| P/FCF | 63.13 | — | 3.57 | — | — | 2.72 | 0.70 | 8.98 | 367.23 | — | — |
| P/OCF | 25.68 | — | 1.45 | — | 4.46 | 2.24 | 0.60 | 1.56 | 2.93 | — | — |
P/E links to full P/E history page with 30-year chart
MESA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.30 | 0.74 | 1.09 | 1.20 | 1.80 | 1.55 | 1.40 | 1.70 | — | — |
| EV / EBITDA | — | — | — | — | — | 6.20 | 5.19 | 5.08 | 8.43 | — | — |
| EV / EBIT | — | — | — | — | — | 15.83 | 10.39 | 8.49 | 15.97 | — | — |
| EV / FCF | — | — | 25.41 | — | — | 8.27 | 5.70 | 38.40 | 1222.01 | — | — |
MESA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mesa Air Group, Inc. earns an operating margin of -46.5%, below the Industrials sector average of 4.9%. Operating margins have compressed from -16.9% to -46.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -528.9% 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 | 99.1% | 99.1% | 12.5% | 3.0% | 6.3% | 0.3% | 9.7% | 25.1% | 20.7% | 21.6% | 16.8% |
| Operating Margin | -46.5% | -46.5% | -13.8% | -16.9% | -34.8% | 12.5% | 14.7% | 16.7% | 10.7% | 15.6% | 9.7% |
| Net Profit Margin | -39.9% | -39.9% | -19.1% | -24.1% | -34.4% | 3.3% | 5.0% | 6.6% | 4.9% | 5.1% | 2.5% |
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 | -528.9% | -528.9% | -58.7% | -47.3% | -45.9% | 3.5% | 6.2% | 11.9% | 11.1% | 16.0% | 10.0% |
| ROA | -40.3% | -40.3% | -12.2% | -11.9% | -14.2% | 1.1% | 1.9% | 3.3% | 2.4% | 2.5% | 1.3% |
| ROIC | -62.9% | -62.9% | -8.8% | -7.9% | -14.0% | 4.1% | 5.0% | 7.6% | 4.7% | 6.9% | 5.0% |
| ROCE | -86.2% | -86.2% | -12.5% | -11.0% | -17.6% | 5.4% | 6.8% | 10.0% | 6.2% | 9.0% | 6.4% |
MESA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $61M ($103M total debt minus $42M 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 | — | — | 2.90 | 2.70 | 2.06 | 1.49 | 1.83 | 1.98 | 2.44 | 4.25 | 4.83 |
| Debt / EBITDA | — | — | — | — | — | 4.98 | 5.16 | 4.24 | 6.65 | 5.85 | 8.88 |
| Net Debt / Equity | — | — | 2.76 | 2.54 | 1.87 | 1.24 | 1.61 | 1.82 | 2.17 | 3.99 | 4.63 |
| Net Debt / EBITDA | — | — | — | — | — | 4.16 | 4.55 | 3.89 | 5.90 | 5.50 | 8.52 |
| Debt / FCF | — | — | 21.84 | — | — | 5.55 | 4.99 | 29.42 | 854.77 | — | — |
| Interest Coverage | — | — | -1.71 | -1.69 | -5.24 | 1.82 | 1.82 | 2.17 | 1.28 | 2.18 | 1.74 |
MESA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.67x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.52x to 0.67x 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 | 0.67 | 0.67 | 0.35 | 0.52 | 0.46 | 0.61 | 0.44 | 0.61 | 0.79 | 0.67 | 0.55 |
| Quick Ratio | 0.58 | 0.58 | 0.19 | 0.41 | 0.33 | 0.52 | 0.38 | 0.53 | 0.73 | 0.60 | 0.48 |
| Cash Ratio | 0.25 | 0.25 | 0.09 | 0.12 | 0.27 | 0.47 | 0.28 | 0.27 | 0.49 | 0.26 | 0.20 |
| Asset Turnover | — | 2.40 | 0.80 | 0.55 | 0.48 | 0.35 | 0.36 | 0.50 | 0.46 | 0.47 | 0.46 |
| Inventory Turnover | 0.21 | 0.21 | 14.75 | 16.51 | 18.62 | 20.52 | 21.44 | 25.41 | 34.50 | 33.37 | 40.23 |
| Days Sales Outstanding | — | 19.48 | 4.03 | 6.05 | 2.73 | 2.30 | 9.18 | 11.65 | 7.65 | 5.02 | 5.77 |
MESA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mesa Air Group, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | 5.6% | 26.4% | 20.2% | 9.5% | — | — |
| FCF Yield | 1.6% | — | 28.0% | — | — | 36.8% | 142.1% | 11.1% | 0.3% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.5% | 0.6% | 0.8% | 1.4% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 0.5% | 0.6% | 0.8% | 1.4% | — | — |
| Shares Outstanding | — | $42M | $41M | $39M | $36M | $39M | $35M | $35M | $25M | $35M | $35M |
Peer Comparison
Compare MESA 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 |
|---|---|---|---|---|---|---|---|---|---|
 MESAYou | $879M | -0.0 | — | 63.1 | 99.1% | -46.5% | -528.9% | -62.9% | — |
 SKYW | $4B | 8.5 | 6.0 | 12.3 | 61.6% | 15.2% | 16.6% | 9.2% | 2.4 |
 ULCC | $1B | -8.0 | — | — | 35.5% | -4.0% | -25.0% | -2.3% | — |
 SNCY | $897M | 17.3 | 6.7 | 10.7 | 66.9% | 8.9% | 8.8% | 6.9% | 3.0 |
 ALK | $5B | 46.6 | 9.9 | — | 59.7% | 2.1% | 2.4% | 2.3% | 6.3 |
 JBLU | $2B | -3.0 | 31.5 | — | 33.9% | -4.1% | -25.3% | -2.7% | 32.0 |
 ALGT | $1B | -32.3 | 7.5 | 19.7 | 15.4% | 6.7% | -4.2% | 4.6% | 4.4 |
 UAL | $32B | 9.8 | 7.5 | 12.7 | 64.1% | 8.0% | 24.0% | 9.1% | 4.1 |
 AAL | $9B | 76.1 | 12.4 | — | 19.2% | 2.7% | — | 3.5% | 10.5 |
 DAL | $48B | 9.6 | 7.8 | 12.5 | 22.8% | 9.2% | 27.8% | 12.0% | 2.6 |
 BA | $181B | 92.7 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
| Industrials Median | — | 25.9 | 13.9 | 20.6 | 32.8% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying MESA stock.
What is Mesa Air Group, Inc.'s P/E ratio?
Mesa Air Group, Inc.'s current P/E ratio is -0.0x. The historical average is 9.3x.
What is Mesa Air Group, Inc.'s ROE?
Mesa Air Group, Inc.'s return on equity (ROE) is -528.9%. The historical average is -2.3%.
Is MESA stock overvalued?
Based on historical data, Mesa Air Group, Inc. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
What are Mesa Air Group, Inc.'s profit margins?
Mesa Air Group, Inc. has 99.1% gross margin and -46.5% operating margin.