Is the business good?
How good a business is JBLU?
JetBlue Airways Corporation earns −4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−4.1%
Return on invested capital · cost of capital 9.0% · 13 points below what the capital costs: growth destroys value
- Operating margin
- −4.6%
Operating margin · Airlines median 6.3% · 12 months to Q1 2026
- Share count, year on year
- +4.8%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | −58% |
| FY2021 | −1.3% |
| FY2022 | −3.3% |
| FY2023 | −2.4% |
| FY2024 | −7.4% |
| FY2025 | −4.1% |
Details›
- Operating margin12 months to Q1 2026
- −4.6%
- Net margin12 months to Q1 2026
- −7.8%
- Free cash flow margin
- −12%
- Revenue, trailing twelve months
- $9.16B
- Free cash flow, trailing twelve months
- −$1.12B
- Net income, trailing twelve months
- −$713M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.