Last 34 quarters of trend data · Industrials · Airlines, Airports & Air Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.04 | — | 0.47 | — | — | — | — | 0.79 | — | — | — | — | — | — | — | — | — | — | 21.20 | 24.02 | 4.29 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +138.9% | +55.9% | -40.5% | |
| P/S Ratio | 1.85 | 0.15 | 0.10 | 0.09 | 0.12 | 0.11 | 0.16 | 0.07 | 0.09 | 0.08 | 0.23 | 0.19 | 0.09 | 0.12 | 0.15 | 0.32 | 0.34 | 0.53 | 0.74 | 1.36 | 0.41 |
| — | +38.4% | -34.3% | +24.4% | +33.4% | +41.3% | -29.7% | -64.7% | -7.9% | -35.7% | +53.4% | -39.7% | -72.3% | -77.3% | -80.0% | -76.4% | -16.4% | +117.2% | +77.3% | +745.3% | -4.6% | |
| P/B Ratio | 0.03 | — | — | — | — | 0.45 | 0.52 | 0.23 | 0.29 | 0.18 | 0.46 | 0.34 | 0.19 | 0.19 | 0.19 | 0.37 | 0.42 | 0.56 | 0.75 | 1.08 | 0.51 |
| — | — | — | — | — | +158.5% | +14.8% | -32.1% | +56.2% | -9.8% | +143.0% | -6.2% | -56.3% | -65.5% | -74.9% | -66.1% | -16.2% | +146.6% | +173.4% | +311.0% | -29.5% | |
| P/FCF | 63.13 | — | — | — | — | 1.11 | 2.35 | 0.91 | — | — | — | — | — | — | — | 18.60 | — | — | 1.95 | — | 0.79 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +68.3% | — | -74.5% | |
| EV / EBITDA | — | 70.41 | 9.12 | — | — | — | 150.91 | 4.91 | — | — | — | — | 9.95 | — | 8.67 | — | 12.12 | 8.54 | 6.75 | 7.80 | 4.67 |
| — | — | -94.0% | — | — | — | — | — | — | — | — | — | -17.9% | — | +28.4% | — | +159.6% | +80.3% | +3.7% | +10.1% | -25.6% | |
| EV / EBIT | — | — | 1.23 | — | — | — | — | 4.71 | — | — | — | — | 139.76 | — | — | — | — | — | 16.53 | 17.89 | 7.90 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | +8.3% | +9.2% | -28.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.1% | 11.2% | 12.2% | 8.2% | 11.5% | 16.6% | 8.7% | 20.3% | 3.2% | -5.0% | -3.6% | 3.0% | 14.5% | 6.1% | 9.0% | 2.6% | 7.1% | -5.7% | 1.0% | -23.2% | 19.1% |
| — | -32.8% | +40.2% | -59.9% | +255.2% | +433.3% | +342.8% | +579.9% | -77.7% | -181.7% | -140.1% | +12.8% | +102.2% | +206.6% | +779.2% | +111.4% | -62.6% | -56.9% | +104.6% | -247.2% | -12.5% | |
| Operating Margin | -46.5% | -2.0% | -0.2% | -60.4% | -107.3% | -14.8% | -8.1% | 8.8% | -40.8% | -17.7% | -35.1% | -22.1% | 1.7% | -112.4% | 0.2% | -36.3% | -2.7% | 3.9% | 11.5% | 17.2% | 17.9% |
| — | +86.2% | +98.1% | -782.9% | -163.1% | +16.5% | +76.8% | +140.1% | -2553.2% | +84.3% | -22230.5% | +39.3% | +161.6% | -2988.3% | -98.6% | -310.8% | -115.0% | -82.4% | -44.9% | +123.1% | +21.4% | |
| Net Margin | -39.9% | -15.6% | 22.5% | -61.9% | -111.0% | -21.6% | -18.0% | 8.9% | -48.7% | -24.8% | -41.5% | -28.8% | -6.2% | -92.0% | -7.4% | -34.7% | -9.7% | -5.7% | 3.4% | 5.8% | 9.4% |
| — | +28.0% | +225.1% | -798.3% | -127.8% | +12.8% | +56.7% | +130.7% | -688.6% | +73.1% | -458.2% | +17.0% | +36.1% | -1506.1% | -317.5% | -693.7% | -202.9% | -154.4% | -27.0% | +458.1% | +60.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -528.9% | — | — | — | -215.7% | -20.3% | -13.8% | 7.8% | -33.8% | -13.2% | -18.9% | -12.2% | -3.0% | -31.6% | -2.3% | -9.4% | -3.0% | -1.5% | 0.9% | 1.2% | 3.0% |
| — | — | — | — | -538.9% | -53.5% | +27.3% | +164.2% | -1029.2% | +58.1% | -710.0% | -29.5% | -0.8% | -1973.5% | -369.0% | -908.5% | -199.0% | -160.6% | +12.6% | +172.2% | +20.1% | |
| ROA | -40.3% | -8.4% | 10.6% | -19.6% | -23.4% | -4.0% | -2.9% | 1.6% | -6.9% | -3.0% | -4.7% | -3.2% | -0.8% | -9.5% | -0.7% | -3.1% | -1.0% | -0.5% | 0.3% | 0.4% | 0.9% |
| — | -111.8% | +464.8% | -1345.0% | -238.1% | -29.7% | +38.4% | +149.6% | -764.9% | +67.9% | -531.3% | -3.3% | +19.1% | -1788.8% | -365.9% | -929.3% | -206.9% | -166.2% | +23.5% | +199.7% | +28.2% | |
| ROIC | -62.9% | -6.0% | -0.4% | -40.3% | -27.5% | -2.8% | -1.3% | 1.5% | -5.5% | -2.1% | -3.8% | -2.2% | 0.2% | -11.0% | 0.0% | -3.1% | -0.3% | 0.4% | 1.0% | 1.1% | 1.7% |
| — | -111.3% | +72.2% | -2755.8% | -398.2% | -36.8% | +64.9% | +167.5% | -2849.5% | +81.1% | -24628.8% | +28.3% | +173.5% | -3220.2% | -98.4% | -381.1% | -115.6% | -75.9% | +9.3% | +40.2% | +7.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 2.90 | 2.74 | 2.61 | 3.40 | 2.70 | 2.55 | 2.27 | 2.34 | 2.06 | 1.61 | 1.59 | 1.53 | 1.49 | 1.55 | 1.60 | 1.70 |
| — | — | — | — | — | +7.3% | +7.7% | +15.3% | +44.9% | +31.3% | +58.6% | +42.9% | +52.9% | +38.2% | +3.9% | -1.0% | -9.7% | -18.5% | -21.5% | -22.3% | -20.9% | |
| Debt / EBITDA | — | 250.85 | 37.62 | — | — | — | 526.59 | 18.83 | — | — | — | — | 39.80 | — | 33.47 | — | 42.67 | 28.18 | 21.68 | 20.99 | 17.33 |
| — | — | -92.9% | — | — | — | — | — | — | — | — | — | -6.7% | — | +54.4% | — | +146.2% | +49.6% | -11.4% | -20.8% | -12.1% | |
| Current Ratio | 0.67 | 0.67 | 0.76 | 0.81 | 0.64 | 0.35 | 0.45 | 0.50 | 0.59 | 0.52 | 0.82 | 0.48 | 0.55 | 0.46 | 0.40 | 0.48 | 0.55 | 0.61 | 0.81 | 0.75 | 0.82 |
| — | +92.0% | +68.7% | +61.9% | +7.3% | -32.1% | -44.5% | +3.4% | +8.1% | +12.8% | +105.3% | +0.6% | -0.9% | -25.3% | -50.7% | -36.2% | -32.6% | +39.3% | +120.5% | +130.5% | +116.1% | |
| Quick Ratio | 0.58 | 0.58 | 0.67 | 0.74 | 0.52 | 0.19 | 0.29 | 0.35 | 0.48 | 0.41 | 0.69 | 0.37 | 0.41 | 0.33 | 0.29 | 0.38 | 0.45 | 0.52 | 0.72 | 0.67 | 0.74 |
| — | +204.8% | +132.1% | +111.8% | +8.6% | -53.6% | -57.8% | -6.1% | +16.5% | +22.2% | +138.6% | -0.7% | -9.1% | -35.6% | -59.9% | -43.6% | -39.0% | +38.2% | +144.7% | +163.6% | +144.0% | |
| Interest Coverage | — | -0.65 | -0.04 | -10.73 | -15.68 | -2.23 | -1.00 | 1.09 | -4.34 | -1.49 | -3.35 | -2.06 | 0.22 | -13.42 | 0.02 | -5.51 | -0.50 | 0.62 | 1.67 | 1.91 | 2.97 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 34 years · Updated daily
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Quick answers to the most common questions about buying MESA stock.
Mesa Air Group, Inc.'s current P/E is -0.0x. The average P/E over the last 1 quarters is 0.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Mesa Air Group, Inc.'s current operating margin is -46.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Mesa Air Group, Inc.'s business trajectory between earnings reports.