Azul (MEX:AZULB) Market Cap: MXN298,441,460,000 Mil (As of Jul. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:AZULB Azul SA MEX:AZULB
15 GF Score
Price MXN1,619,500,000.00
! 6 Warning Signs
View Full Analysis

What is Azul Market Cap?

Azul MEX:AZULB 15 Market Cap is MXN298,441,460,000 Mil as of Jul. 21, 2026. GuruFocus rates MEX:AZULB with a GF Score™ of 15/100. The stock has 6 warning signs investors should review. Among 1,029 Transportation companies, Azul ranks better than 77.07% on this metric.

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Azul's share price for the quarter that ended in Mar. 2026 was MXN1619500000. Azul's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 132 Mil. Therefore, Azul's market cap for the quarter that ended in Mar. 2026 was MXN213,262,238,000 Mil.

Azul's quarterly market cap increased from Sep. 2025 (MXN725,411,298,500 Mil) to Dec. 2025 (MXN725,497,132,000 Mil) but then declined from Dec. 2025 (MXN725,497,132,000 Mil) to Mar. 2026 (MXN213,262,238,000 Mil).

Azul's annual market cap declined from Dec. 2023 (MXN376,106,350,000 Mil) to Dec. 2024 (MXN271,659,788,500 Mil) but then increased from Dec. 2024 (MXN271,659,788,500 Mil) to Dec. 2025 (MXN725,497,132,000 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Azul's Enterprise Value for Today is MXN298,441,523,278 Mil.


Azul  (MEX:AZULB) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the company’s debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.


Azul Market Cap Related Terms


Azul Market Cap Historical Data

* Premium members only.

The historical data trend for Azul's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Azul Market Cap Chart

Azul Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Market Cap
Get a 7-Day Free Trial Premium Member Only Premium Member Only 937,395,000,000.00 942,958,125,000.00 376,106,350,000.00 271,659,788,500.00 725,497,132,000.00

Azul Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Market Cap Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 349,403,886,000.00 725,351,377,000.00 725,411,298,500.00 725,497,132,000.00 213,262,238,000.00

MEX:AZULB vs DAL, UAL, LUV: Market Cap Comparison

For the Airlines subindustry, Azul's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Azul Market Cap vs Transportation Industry

For the Transportation industry and Industrials sector, Azul's Market Cap distribution charts can be found below:

* The bar in red indicates where Azul's Market Cap falls into.


MEX:AZULB
15GF Score
Azul SA MEX:AZULB
Market Cap is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Azul Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Azul's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as

Market Cap (A: Dec. 2025 )=Share Price (A: Dec. 2025 )*Shares Outstanding (EOP) (A: Dec. 2025 )
=MXN1619500000*447.976
=MXN725,497,132,000

Azul's Market Cap for the quarter that ended in Mar. 2026 is calculated as

Market Cap (Q: Mar. 2026 )=Share Price (Q: Mar. 2026 )*Shares Outstanding (EOP) (Q: Mar. 2026 )
=MXN1619500000*131.684
=MXN213,262,238,000

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Market Cap →
What does a Market Cap of MXN298,441,460,000 Mil mean?
Azul (MEX:AZULB) has a Market Cap of MXN298,441,460,000 Mil as of Jul. 21, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Azul and its competitors. According to the industry distribution chart, Azul ranks #236 out of 1029 companies in the Transportation industry, placing it in the top 22.9%.
Is Azul's Market Cap too high?
Azul's current Market Cap is MXN298,441,460,000 Mil. Based on the distribution chart, Azul ranks #236 out of 1029 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Azul has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Azul's Market Cap compare to DAL and UAL?
According to the Transportation industry distribution chart, Azul ranks #236 out of 1029 companies for Market Cap. This places Azul in the top 23% of its industry — outperforming the majority of peers. The industry median Market Cap is 257.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Transportation company?
The median Market Cap among Transportation companies is 257.38, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Azul and its competitors. For the Transportation industry, the median Market Cap is 257.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azul's current Market Cap is MXN298,441,460,000 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azul stock overvalued right now?
Azul (MEX:AZULB) has a current Market Cap of MXN298,441,460,000 Mil. The current Market Cap is MXN298,441,460,000 Mil. Azul's overall GF Score™ is 15/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Azul (MEX:AZULB), the current Market Cap is MXN298,441,460,000 Mil as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azul Business Description

Other Exchanges AZUL:USAAZUL3:Brazil
Address Avenida Marcos Penteado de Ulhoa Rodrigues, 939, Edificio Jatoba, 8th Floor, Castelo Branco Office Park, Tambore, Barueri, SP, BRA, 06460-040
Azul SA is involved in the operation of regular and non-regular airline passenger services, cargo or mail, passenger charter, provision of maintenance and hangarage services for aircraft, engines, parts and pieces, aircraft acquisition and lease, development of frequent-flyer programs, development of related activities, and equity holding in other companies. The company generates the majority of its revenue from Air transport and a small portion of its revenue from Ancillary revenues.
15GF Score

Get the complete analysis for MEX:AZULB

Market Cap is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,619,500,000.00
Price