Also trades as: VOLARA.MX (MEX) · $vol 2M

$6.49

+0.08 (+1.25%)

Weekly Expected Move ±5.0%

$6 $6 $6 $7 $7

NYSE · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 35 · $746.0M mcap · 87M float · 0.610% daily turnover · Short 50% of daily vol

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

27.3 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 0.3% · 5Y Avg: 0.2%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. VLRS has No discernible competitive edge (27.3/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 0.3% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

Avg Target

$11

High

Based on 3 analysts since Jul 21, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 11Hold: 6Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$9.23

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-23	BTG Pactual	—	Initiated	$9	—	+30.2%	$6.91
2026-08-11	Goldman Sachs	Joao Frizo	$12	$8	-4	-4.5%	$8.06
2026-08-05	UBS	—	Initiated	$11	—	+28.7%	$8.55
2026-06-18	Jefferies	Alejandro Anibal	Initiated	$10	—	+15.2%	$8.68
2026-06-14	Banco Santander	—	Initiated	$9	—	+10.7%	$8.04
2026-05-06	HSBC	—	Initiated	$8	—	+0.3%	$7.48
2026-04-17	Evercore ISI	—	$12	$10	-2	+21.9%	$8.21
2026-02-10	Barclays	—	$11	$12	+1	+14.6%	$10.47
2026-01-26	Goldman Sachs	—	Initiated	$12	—	+22.0%	$9.59
2025-12-21	Bradesco	—	Initiated	$12	—	+26.4%	$9.49
2025-12-19	Barclays	—	$9	$11	+2	+13.5%	$9.70
2025-12-18	Barclays	—	$7	$9	+2	+13.2%	$7.95
2025-10-21	Cantor Fitzgerald	Tom Fitzgerald	Initiated	$8	—	+17.6%	$6.80
2025-10-14	Barclays	—	Initiated	$7	—	+2.5%	$6.83
2025-09-29	Evercore ISI	Duane Pfennigwerth	Initiated	$12	—	+78.3%	$6.73
2024-05-24	Morgan Stanley	Jens Spiess	Initiated	$12	—	+50.6%	$7.97
2024-04-23	Deutsche Bank	Michael Linenberg	Initiated	$12	—	+30.9%	$9.16

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. VLRS receives an overall rating of C. Strongest factors: DCF (5/5). Areas of concern: ROE (1/5), ROA (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-01	C-	C
2026-07-23	C	C-
2026-03-02	C-	C
2026-02-24	C	C-
2026-02-23	C-	C
2026-02-17	C	C-
2026-02-12	C-	C
2026-01-26	C	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 16 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. VLRS scores highest in Cash Flow (41/100) and lowest in Profitability (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.47

Distress Zone

Piotroski F-Score

5/9

✗ ✓ ✗ ✓ ✓ ✗ ✓ ✗ ✓

Beneish M-Score

-3.65

Unlikely Manipulator

Ohlson O-Score

-3.75

Bankruptcy prob: 2.3%

Low Risk

Credit Rating

CCC

Score: 14.7/100

Trend: Deteriorating

Earnings Quality

—

OCF/NI: -4.89x

Accruals: -19.3%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. VLRS scores 0.47, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. VLRS scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. VLRS's score of -3.65 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. VLRS's implied 2.3% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. VLRS receives an estimated rating of CCC (score: 14.7/100), with a deteriorating trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-4.06x

PEG

0.05x

P/S

0.23x

P/B

11.09x

P/FCF

1.91x

P/OCF

1.17x

EV/EBITDA

9.67x

EV/Revenue

1.25x

EV/EBIT

50.52x

EV/FCF

7.32x

Earnings Yield

-17.45%

FCF Yield

52.29%

Shareholder Yield

0.00%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. VLRS currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.820

NI / EBT

Interest Burden

-2.812

EBT / EBIT

EBIT Margin

0.025

EBIT / Rev

Asset Turnover

0.575

Rev / Assets

Equity Multiplier

35.609

Assets / Equity

ROE

-116.7%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. VLRS's ROE of -116.7% is driven by financial leverage (equity multiplier: 35.61x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$6.49

Median 1Y

$5.27

5th Pctile

$2.01

95th Pctile

$13.65

Ann. Volatility

58.7%

Analyst Target

$9.23

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

7,098

+2.9% YoY

Revenue / Employee

$428,008

Rev: $3,038,000,000

Profit / Employee

$-14,652

NI: $-104,000,000

SGA / Employee

$20,287

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-17.9%	46.8%	59.6%	-16.4%	-28.4%	-29.2%	-48.4%	-24.7%	-66.3%	3.3%	50.7%	50.6%	85.1%	41.5%	14.2%	-11.5%	-21.3%	-33.1%	-47.5%	-1.2%	-1.17%
ROA	4.8%	2.9%	2.5%	-0.8%	-1.7%	-1.9%	-2.3%	-1.0%	-2.7%	0.2%	2.2%	2.3%	3.7%	2.3%	0.8%	-0.6%	-1.1%	-1.8%	-2.2%	-3.3%	-3.28%
ROIC	9.7%	13.7%	14.1%	8.8%	4.3%	1.4%	1.4%	3.4%	3.4%	7.8%	8.4%	8.7%	10.1%	8.7%	6.5%	5.1%	3.6%	2.4%	2.1%	0.3%	0.30%
ROCE	14.3%	9.7%	9.9%	3.5%	-0.2%	1.9%	1.3%	4.4%	3.9%	6.4%	10.2%	10.9%	14.0%	11.8%	9.3%	7.2%	5.3%	5.2%	4.9%	2.3%	2.32%
Gross Margin	31.8%	28.0%	1.8%	2.9%	11.2%	15.4%	4.0%	15.1%	13.7%	27.1%	17.1%	11.0%	19.9%	36.5%	-0.9%	1.0%	9.8%	12.3%	-0.3%	-6.8%	-6.75%
Operating Margin	24.6%	21.7%	-5.5%	-2.9%	4.6%	7.3%	-4.2%	6.5%	4.6%	18.3%	13.5%	9.1%	15.5%	14.0%	-1.5%	-3.2%	8.7%	7.2%	-2.7%	-11.5%	-11.53%
Net Margin	11.8%	-1.4%	-8.7%	-7.1%	5.2%	-2.7%	-9.7%	0.8%	-4.6%	12.4%	4.3%	1.4%	4.6%	5.5%	-7.5%	-9.1%	0.8%	0.5%	-9.2%	-14.8%	-14.78%
EBITDA Margin	35.6%	1.9%	-3.2%	-5.4%	4.8%	9.3%	-5.2%	8.3%	3.1%	19.1%	14.2%	13.5%	18.8%	20.2%	24.0%	21.6%	10.8%	32.3%	20.8%	-12.1%	-12.11%
FCF Margin	28.0%	35.4%	38.4%	30.6%	25.5%	21.4%	20.7%	20.1%	21.4%	22.4%	23.3%	28.1%	31.2%	34.7%	29.7%	22.5%	17.8%	12.8%	16.1%	17.1%	17.09%
OCF Margin	30.1%	35.4%	38.4%	30.6%	25.5%	21.4%	20.7%	20.1%	21.4%	22.4%	23.3%	28.1%	31.2%	34.7%	32.3%	26.5%	25.3%	22.4%	24.9%	27.9%	27.86%
ROE 3Y Avg	snapshot only																				-82.66%
ROE 5Y Avg	snapshot only																				-58.15%
ROA 3Y Avg	snapshot only																				-0.54%
ROIC 3Y Avg	snapshot only																				1.36%
ROIC Economic	snapshot only																				0.24%
Cash ROA	snapshot only																				15.67%
Cash ROIC	snapshot only																				29.51%
CROIC	snapshot only																				18.10%
NOPAT Margin	snapshot only																				0.28%
Pretax Margin	snapshot only																				-6.96%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				7.43%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	15.89	19.65	22.65	-37.25	-12.03	-12.15	-14.19	-34.42	-6.27	139.86	7.74	6.40	3.82	6.88	14.29	-17.82	-13.47	-0.99	-6.71	-5.73	-4.056
P/S Ratio	1.31	0.94	0.86	0.46	0.30	0.34	0.48	0.52	0.25	0.34	0.26	0.23	0.23	0.28	0.20	0.18	0.28	0.03	0.27	0.33	0.229
P/B Ratio	11.20	6.65	8.22	5.70	3.26	4.15	8.84	9.45	6.04	4.51	3.12	2.59	2.29	2.38	1.91	2.17	3.19	0.39	4.02	15.84	11.091
P/FCF	4.68	2.66	2.24	1.52	1.18	1.60	2.33	2.61	1.16	1.50	1.13	0.81	0.73	0.80	0.66	0.81	1.57	0.27	1.66	1.91	1.913
P/OCF	4.35	2.66	2.24	1.52	1.18	1.60	2.33	2.61	1.16	1.50	1.13	0.81	0.73	0.80	0.61	0.69	1.11	0.15	1.07	1.17	1.173
EV/EBITDA	7.47	9.34	11.06	17.60	-553.65	55.83	99.65	29.35	26.57	17.19	10.15	8.94	6.84	7.17	6.12	5.60	6.90	4.67	5.73	9.67	9.671
EV/Revenue	2.30	1.84	1.64	1.27	1.10	1.14	1.26	1.33	1.08	1.18	1.14	1.12	1.13	1.21	1.17	1.18	1.31	1.05	1.24	1.25	1.250
EV/EBIT	12.70	15.34	14.91	31.96	-553.65	55.83	99.65	29.35	26.57	17.19	10.15	9.21	7.00	8.16	9.90	13.46	19.97	16.46	22.18	50.52	50.518
EV/FCF	8.22	5.19	4.28	4.16	4.30	5.32	6.11	6.60	5.05	5.29	4.92	3.97	3.64	3.48	3.93	5.23	7.37	8.20	7.75	7.32	7.315
Earnings Yield	6.3%	5.1%	4.4%	-2.7%	-8.3%	-8.2%	-7.0%	-2.9%	-15.9%	0.7%	12.9%	15.6%	26.2%	14.5%	7.0%	-5.6%	-7.4%	-1.0%	-14.9%	-17.4%	-17.45%
FCF Yield	21.4%	37.5%	44.6%	65.9%	84.7%	62.6%	42.9%	38.3%	85.9%	66.8%	88.7%	1.2%	1.4%	1.3%	1.5%	1.2%	63.6%	3.8%	60.4%	52.3%	52.29%
PEG Ratio	snapshot only																				0.047
Price/Tangible Book	snapshot only																				39.881
EV/OCF	snapshot only																				4.488
EV/Gross Profit	snapshot only																				32.728
Acquirers Multiple	snapshot only																				346.746
Shareholder Yield	snapshot only																				0.00%

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.73	0.78	0.78	0.79	0.75	0.75	0.67	0.66	0.71	0.77	0.73	0.70	0.73	0.78	0.75	0.69	0.67	0.73	0.67	0.64	0.645
Quick Ratio	0.72	0.76	0.77	0.78	0.74	0.74	0.66	0.65	0.70	0.76	0.72	0.69	0.72	0.77	0.74	0.68	0.66	0.72	0.66	0.64	0.636
Debt/Equity	11.18	8.68	10.39	13.52	11.60	12.70	18.61	18.27	25.89	14.61	13.22	12.73	11.64	10.61	12.15	14.92	14.75	14.66	18.46	56.75	56.750
Net Debt/Equity	8.47	6.31	7.48	9.94	8.63	9.67	14.32	14.46	20.15	11.41	10.49	10.06	9.08	8.02	9.41	11.82	11.75	11.72	14.79	44.73	44.733
Debt/Assets	0.69	0.68	0.66	0.64	0.66	0.67	0.65	0.66	0.68	0.69	0.68	0.67	0.68	0.68	0.67	0.68	0.68	0.68	0.68	0.66	0.659
Debt/EBITDA	4.25	6.25	7.32	15.21	-540.29	51.30	80.07	22.42	26.26	15.77	9.85	9.00	7.01	7.32	6.57	5.97	6.82	5.65	5.62	9.06	9.061
Net Debt/EBITDA	3.22	4.55	5.27	11.18	-401.86	39.06	61.60	17.75	20.44	12.32	7.82	7.11	5.46	5.53	5.09	4.73	5.43	4.52	4.50	7.14	7.143
Interest Coverage	2.73	1.91	1.71	0.60	-0.03	0.30	0.19	0.65	0.56	1.02	1.66	1.64	2.06	1.59	1.16	0.84	0.61	0.62	0.57	0.26	0.262
Equity Multiplier	16.15	12.72	15.75	21.03	17.66	19.03	28.45	27.84	38.24	21.21	19.43	18.94	17.16	15.63	18.06	22.08	21.77	21.43	27.31	86.13	86.132
Cash Ratio	snapshot only																				0.349
Debt Service Coverage	snapshot only																				1.370
Cash to Debt	snapshot only																				0.212
FCF to Debt	snapshot only																				0.146
Defensive Interval	snapshot only																				3641.9 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.58	0.60	0.67	0.63	0.67	0.67	0.69	0.67	0.68	0.68	0.66	0.64	0.61	0.58	0.55	0.55	0.53	0.54	0.55	0.57	0.575
Inventory Turnover	85.26	67.48	112.51	152.41	168.55	114.97	196.34	171.58	177.04	143.72	173.47	161.09	152.34	150.47	152.91	158.65	160.63	169.46	173.61	171.28	171.280
Receivables Turnover	24.75	83.08	18.00	12.31	15.97	45.84	13.29	11.00	13.23	44.36	11.37	12.59	14.28	51.85	17.78	13.24	15.82	19.56	20.98	11.98	11.980
Payables Turnover	10.90	10.80	20.37	19.18	19.02	15.83	21.99	16.04	13.62	12.42	15.11	13.49	12.19	12.47	15.64	13.15	11.77	16.13	19.08	14.60	14.602
DSO	15	4	20	30	23	8	27	33	28	8	32	29	26	7	21	28	23	19	17	30	30.5 days
DIO	4	5	3	2	2	3	2	2	2	3	2	2	2	2	2	2	2	2	2	2	2.1 days
DPO	33	34	18	19	19	23	17	23	27	29	24	27	30	29	23	28	31	23	19	25	25.0 days
Cash Conversion Cycle	-14	-24	6	13	6	-12	13	13	3	-19	10	4	-2	-20	-0	2	-6	-2	0	8	7.6 days
Fixed Asset Turnover	snapshot only																				0.936
Operating Cycle	snapshot only																				32.6 days
Cash Velocity	snapshot only																				4.032
Capital Intensity	snapshot only																				1.778

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	63.3%	1.1%	1.4%	70.1%	39.6%	28.2%	22.1%	20.2%	17.5%	14.6%	9.5%	4.5%	0.8%	-3.6%	-7.4%	-6.8%	-6.7%	-3.4%	2.5%	9.1%	9.13%
Net Income	1.9%	1.5%	1.6%	-1.3%	-1.4%	-1.8%	-2.1%	-46.9%	-86.2%	1.1%	2.1%	3.5%	2.5%	15.1%	-62.4%	-1.3%	-1.3%	-1.8%	-3.9%	-5.1%	-5.06%
EPS	1.8%	1.5%	1.6%	-1.3%	-1.4%	-1.8%	-2.1%	-47.0%	-86.3%	1.1%	2.1%	3.5%	2.5%	15.1%	-61.9%	-1.3%	-1.3%	-9.3%	-4.0%	-5.1%	-5.13%
FCF	1.3%	1.5%	1.5%	1.7%	27.2%	-22.4%	-34.2%	-21.1%	-1.5%	19.7%	23.3%	46.4%	47.1%	49.3%	18.3%	-25.5%	-46.9%	-64.4%	-44.6%	-17.2%	-17.18%
EBITDA	2.6%	2.1%	89.1%	-45.8%	-1.0%	-86.7%	-89.6%	-24.9%	25.0%	2.9%	8.8%	1.9%	3.1%	1.4%	56.8%	56.9%	6.6%	29.0%	16.6%	-32.9%	-32.93%
Op. Income	4.0%	3.6%	3.1%	5.3%	-56.5%	-89.2%	-89.3%	-55.1%	-10.2%	4.1%	7.2%	2.3%	2.9%	84.6%	-16.6%	-43.5%	-66.8%	-75.8%	-70.3%	-94.4%	-94.37%
OCF Growth	snapshot only																				14.76%
Asset Growth	snapshot only																				4.42%
Equity Growth	snapshot only																				-73.23%
Debt Growth	snapshot only																				1.82%
Shares Change	snapshot only																				-1.17%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	12.5%	15.8%	18.7%	17.4%	17.1%	16.7%	18.4%	28.9%	38.9%	44.4%	48.3%	28.8%	18.2%	12.3%	7.4%	5.4%	3.4%	2.2%	1.3%	2.0%	2.03%
Revenue 5Y	9.7%	12.3%	14.7%	14.8%	15.7%	16.4%	17.3%	18.4%	18.5%	17.9%	17.4%	15.2%	13.7%	11.9%	11.0%	15.8%	20.3%	22.9%	25.4%	16.8%	16.77%
EPS 3Y	—	—	16.4%	—	—	—	—	—	—	—	—	—	6.5%	5.7%	-23.1%	—	—	—	—	—	—
EPS 5Y	-4.4%	-12.1%	3.4%	—	—	—	—	—	—	—	13.5%	12.5%	11.2%	-4.3%	1.2%	—	—	—	—	—	—
Net Income 3Y	—	—	22.0%	—	—	—	—	—	—	—	—	—	6.2%	5.7%	-23.5%	—	—	—	—	—	—
Net Income 5Y	-1.6%	-9.6%	6.4%	—	—	—	—	—	—	—	16.8%	15.7%	14.3%	-1.5%	3.9%	—	—	—	—	—	—
EBITDA 3Y	43.0%	32.7%	28.3%	-16.0%	—	-51.3%	-54.3%	-23.3%	-8.2%	17.3%	24.3%	5.5%	-3.8%	6.6%	16.8%	50.4%	—	1.3%	1.6%	44.9%	44.85%
EBITDA 5Y	18.0%	9.6%	25.1%	29.6%	—	89.2%	-29.5%	-0.8%	-8.8%	3.7%	16.5%	5.1%	9.8%	1.0%	7.9%	15.4%	27.7%	37.4%	28.5%	4.3%	4.34%
Gross Profit 3Y	—	—	92.1%	18.1%	—	-38.8%	-28.9%	20.3%	1.2%	—	—	-1.9%	-10.3%	-11.2%	-18.0%	3.2%	7.6%	-8.3%	-10.0%	-29.5%	-29.52%
Gross Profit 5Y	-3.3%	24.5%	1.3%	45.2%	30.4%	—	—	—	—	—	34.5%	17.2%	—	-8.5%	-5.8%	17.8%	58.1%	—	—	-26.9%	-26.93%
Op. Income 3Y	—	—	3.8%	56.3%	-1.9%	-41.9%	-42.7%	8.1%	—	—	—	1.1%	14.9%	0.7%	-9.8%	-6.1%	5.0%	31.7%	26.7%	-53.0%	-53.04%
Op. Income 5Y	12.8%	22.6%	48.4%	46.7%	47.9%	89.0%	—	—	—	—	1.5%	41.1%	26.9%	13.2%	5.2%	18.3%	—	—	—	-21.7%	-21.74%
FCF 3Y	—	—	3.0%	75.4%	49.2%	26.8%	39.8%	—	—	—	—	—	22.6%	11.5%	-1.4%	-4.9%	-8.4%	-14.0%	-6.9%	-3.3%	-3.32%
FCF 5Y	43.6%	—	—	—	—	—	—	—	—	—	1.2%	44.2%	36.9%	29.5%	31.9%	—	—	—	—	—	—
OCF 3Y	92.3%	2.0%	80.6%	42.7%	21.7%	8.3%	13.6%	19.1%	38.1%	53.0%	94.8%	32.5%	19.6%	11.5%	1.4%	0.4%	3.0%	3.7%	7.7%	13.8%	13.79%
OCF 5Y	35.3%	75.5%	—	—	—	64.8%	48.8%	56.6%	52.6%	90.9%	36.7%	27.4%	21.2%	17.8%	18.3%	16.8%	24.0%	27.3%	49.6%	18.5%	18.52%
Assets 3Y	46.9%	52.2%	10.4%	12.1%	12.0%	10.2%	16.5%	17.7%	17.9%	14.5%	17.9%	13.3%	14.4%	12.5%	11.9%	8.3%	8.9%	8.1%	6.6%	6.9%	6.94%
Assets 5Y	29.8%	30.1%	29.7%	32.2%	31.5%	31.1%	30.0%	32.6%	34.0%	35.3%	12.3%	11.6%	11.8%	11.3%	14.0%	13.8%	13.3%	10.5%	11.5%	9.5%	9.49%
Equity 3Y	-21.7%	-12.3%	11.4%	-0.4%	5.9%	-6.6%	—	—	—	20.0%	70.3%	16.4%	12.1%	5.0%	6.9%	6.5%	1.6%	3.9%	8.1%	-26.6%	-26.61%
Book Value 3Y	-25.3%	-16.4%	6.3%	-5.0%	1.0%	-10.9%	—	—	—	15.9%	70.3%	16.4%	12.3%	5.0%	7.4%	6.6%	1.7%	1.2%	8.6%	-26.3%	-26.27%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.37	0.30	0.29	0.54	0.57	0.54	0.53	0.76	0.79	0.76	0.72	0.82	0.90	0.91	0.85	0.80	0.74	0.70	0.67	0.70	0.699
Earnings Stability	0.02	0.07	0.03	0.19	0.00	0.00	0.07	0.53	0.07	0.00	0.00	0.05	0.02	0.02	0.10	0.14	0.05	0.07	0.01	0.15	0.151
Margin Stability	0.00	0.00	0.00	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.45	0.04	0.29	0.43	0.85	0.52	0.13	0.00	0.24	0.238
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
Earn. Growth Consistency	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.000
FCF Positive Streak	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.20	0.50	0.20	0.20	0.20	0.81	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.09	—	—	—	—	—	—
ROE Trend	—	0.81	—	—	—	0.20	0.63	-0.16	-1.18	0.03	0.53	0.62	1.22	0.50	0.24	-0.19	-0.05	-0.58	-0.87	-2.90	-2.904
Gross Margin Trend	0.43	0.15	0.23	-0.11	-0.12	-0.13	-0.08	-0.17	-0.15	-0.11	-0.06	0.04	0.07	0.10	0.04	0.01	-0.03	-0.12	-0.12	-0.13	-0.127
FCF Margin Trend	0.92	1.06	1.19	0.73	0.81	0.82	0.89	0.42	-0.05	-0.06	-0.06	0.03	0.08	0.13	0.08	-0.02	-0.09	-0.16	-0.10	-0.08	-0.082
Sustainable Growth Rate	—	46.8%	59.6%	—	—	—	—	—	—	3.3%	50.7%	50.6%	85.1%	41.5%	14.2%	—	—	—	—	—	—
Internal Growth Rate	5.0%	3.0%	2.6%	—	—	—	—	—	—	0.2%	2.3%	2.3%	3.8%	2.4%	0.8%	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	3.65	7.37	10.10	-24.57	-10.19	-7.60	-6.08	-13.19	-5.39	93.36	6.86	7.87	5.21	8.65	23.45	-25.80	-12.18	-6.55	-6.28	-4.89	-4.885
FCF/OCF	0.93	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.92	0.85	0.70	0.57	0.65	0.61	0.613
FCF/Net Income	snapshot only																				-2.997
OCF/EBITDA	snapshot only																				2.155
CapEx/Revenue	2.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.6%	4.0%	7.5%	9.6%	8.8%	10.8%	10.77%
CapEx/Depreciation	snapshot only																				1.030
Accruals Ratio	-0.13	-0.18	-0.23	-0.20	-0.19	-0.16	-0.17	-0.15	-0.17	-0.15	-0.13	-0.16	-0.15	-0.18	-0.17	-0.15	-0.15	-0.14	-0.16	-0.19	-0.193
Sloan Accruals	snapshot only																				-0.101
Cash Flow Adequacy	snapshot only																				2.587

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	2.7%	0.0%	0.0%	—	—	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-5.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	-5.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.69	0.78	0.76	0.48	0.37	0.60	0.62	0.63	1.26	1.05	0.74	0.74	0.71	0.69	0.71	0.74	0.55	0.88	0.94	0.82	0.820
Interest Burden (EBT/EBIT)	0.66	0.51	0.45	-0.65	34.33	-2.29	-4.31	-0.54	-0.78	0.03	0.40	0.40	0.52	0.39	0.16	-0.16	-0.58	-0.61	-0.75	-2.81	-2.812
EBIT Margin	0.18	0.12	0.11	0.04	-0.00	0.02	0.01	0.05	0.04	0.07	0.11	0.12	0.16	0.15	0.12	0.09	0.07	0.06	0.06	0.02	0.025
Asset Turnover	0.58	0.60	0.67	0.63	0.67	0.67	0.69	0.67	0.68	0.68	0.66	0.64	0.61	0.58	0.55	0.55	0.53	0.54	0.55	0.57	0.575
Equity Multiplier	-376.31	16.33	23.39	20.80	16.94	15.42	20.68	24.10	24.73	20.14	22.78	22.29	23.28	17.86	18.70	20.42	19.24	18.06	21.73	35.61	35.609

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.37	$0.91	$0.80	$-0.28	$-0.58	$-0.69	$-0.88	$-0.41	$-1.08	$0.07	$0.96	$0.99	$1.66	$1.08	$0.37	$-0.27	$-0.53	$-8.93	$-1.08	$-1.63	$-1.63
Book Value/Share	$1.95	$2.70	$2.21	$1.80	$2.14	$2.01	$1.41	$1.48	$1.12	$2.08	$2.38	$2.45	$2.76	$3.13	$2.74	$2.18	$2.25	$22.62	$1.80	$0.59	$0.59
Tangible Book/Share	$1.88	$2.59	$2.11	$1.70	$2.05	$1.90	$1.30	$1.36	$1.00	$1.94	$2.22	$2.27	$2.57	$2.91	$2.52	$1.96	$1.98	$19.35	$1.46	$0.23	$0.23
Revenue/Share	$16.63	$19.04	$21.14	$22.14	$23.21	$24.40	$25.82	$26.62	$27.29	$27.96	$28.28	$27.80	$27.67	$26.96	$26.54	$25.96	$25.71	$261.16	$27.24	$28.67	$28.67
FCF/Share	$4.66	$6.74	$8.11	$6.77	$5.92	$5.23	$5.33	$5.35	$5.83	$6.26	$6.58	$7.82	$8.63	$9.35	$7.89	$5.85	$4.57	$33.40	$4.37	$4.90	$4.44
OCF/Share	$5.01	$6.74	$8.11	$6.77	$5.92	$5.23	$5.33	$5.35	$5.83	$6.26	$6.58	$7.82	$8.63	$9.35	$8.57	$6.88	$6.50	$58.56	$6.77	$7.99	$8.39
Cash/Share	$5.29	$6.39	$6.43	$6.44	$6.37	$6.11	$6.04	$5.62	$6.45	$6.66	$6.49	$6.55	$7.09	$8.11	$7.50	$6.78	$6.76	$66.57	$6.60	$7.11	$7.11
EBITDA/Share	$5.13	$3.75	$3.14	$1.60	$-0.05	$0.50	$0.33	$1.20	$1.11	$1.93	$3.19	$3.47	$4.59	$4.54	$5.07	$5.46	$4.88	$58.70	$5.92	$3.71	$3.71
Debt/Share	$21.79	$23.44	$22.99	$24.35	$24.88	$25.57	$26.18	$26.96	$29.09	$30.40	$31.42	$31.23	$32.16	$33.22	$33.28	$32.59	$33.24	$331.65	$33.27	$33.58	$33.58
Net Debt/Share	$16.49	$17.04	$16.56	$17.90	$18.51	$19.47	$20.14	$21.34	$22.64	$23.74	$24.93	$24.67	$25.07	$25.11	$25.78	$25.82	$26.48	$265.08	$26.66	$26.47	$26.47

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.472
Altman Z-Prime	snapshot only																				-0.823
Piotroski F-Score	8	8	9	6	6	5	6	5	5	8	7	5	7	8	6	3	3	3	5	5	5
Beneish M-Score	-2.61	-3.26	-3.48	15.08	-1.73	-1.83	-2.89	-3.48	-3.10	-3.41	-3.48	-3.21	-3.77	-3.70	-14.20	2.08	-2.29	-1.76	-1.80	-3.65	-3.646
Ohlson O-Score	snapshot only																				-3.749
ROIC (Greenblatt)	snapshot only																				3.03%
Net-Net WC	snapshot only																				$-37.25
EVA	snapshot only																				$-301602480.00

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				CCC
Credit Score	29.07	25.94	34.60	17.29	25.06	16.15	15.85	13.91	15.59	18.40	21.70	22.34	24.87	22.02	20.10	16.00	14.78	15.71	16.29	14.72	14.725
Credit Grade	snapshot only																				17
Credit Trend	snapshot only																				-1.278
Implied Spread (bps)	snapshot only																				1200.000
Industry Credit Rank	snapshot only																				11
Sector Credit Rank	snapshot only																				1

VLRS NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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