Republic Airways Holdings (FRA:M2A0) ROE %: 8.08% (As of Mar. 2026) — 45% Above Median


FRA:M2A0 Republic Airways Holdings Inc FRA:M2A0
32 GF Score
Price €16.40
! 5 Warning Signs
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What is Republic Airways Holdings ROE %?

Republic Airways Holdings FRA:M2A0 +7.89% 32 ROE % is 8.08% as of Mar. 2026, which is 45% above its 10-year median of 5.59. GuruFocus rates FRA:M2A0 with a GF Score™ of 32/100. The stock has 5 warning signs investors should review. Among 983 Transportation companies, Republic Airways Holdings ranks worse than 75.48% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Republic Airways Holdings's annualized net income for the quarter that ended in Mar. 2026 was €93.1 Mil. Republic Airways Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €1,151.9 Mil. Therefore, Republic Airways Holdings's annualized ROE % for the quarter that ended in Mar. 2026 was 8.08%.

The historical rank and industry rank for Republic Airways Holdings's ROE % or its related term are showing as below:

FRA:M2A0' s ROE % Range Over the Past 10 Years
Min: -28.37   Med: 5.59   Max: 11.3
Current: 2.11

During the past 13 years, Republic Airways Holdings's highest ROE % was 11.30%. The lowest was -28.37%. And the median was 5.59%.

FRA:M2A0's ROE % is ranked worse than
75.48% of 983 companies
in the Transportation industry
Industry Median: 7.6 vs FRA:M2A0: 2.11

Republic Airways Holdings  (FRA:M2A0) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=93.072/1151.8795
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(93.072 / 1824.804)*(1824.804 / 2811.2205)*(2811.2205 / 1151.8795)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.1 %*0.6491*2.4406
=ROA %*Equity Multiplier
=3.31 %*2.4406
=8.08 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=93.072/1151.8795
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (93.072 / 130.096) * (130.096 / 220.4) * (220.4 / 1824.804) * (1824.804 / 2811.2205) * (2811.2205 / 1151.8795)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7154 * 0.5903 * 12.08 % * 0.6491 * 2.4406
=8.08 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Republic Airways Holdings ROE % Related Terms


Republic Airways Holdings ROE % Historical Data

* Premium members only.

The historical data trend for Republic Airways Holdings's ROE % 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.

Republic Airways Holdings ROE % Chart

Republic Airways Holdings Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.72 11.62 5.22 6.08 5.91

Republic Airways Holdings Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec23 Mar24 Dec24 Mar25 Dec25 Mar26
ROE % 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 3.86 0.00 9.44 0.00 8.08

FRA:M2A0 vs FLYX, SRFM, FLYYQ: ROE % Comparison

For the Airlines subindustry, Republic Airways Holdings's ROE %, along with its competitors' market caps and ROE % 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.


Republic Airways Holdings ROE % vs Transportation Industry

For the Transportation industry and Industrials sector, Republic Airways Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Republic Airways Holdings's ROE % falls into.


FRA:M2A0
32GF Score
Republic Airways Holdings Inc FRA:M2A0
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Republic Airways Holdings ROE % Calculation

Republic Airways Holdings's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=65.075/( (1066.067+1134.539)/ 2 )
=65.075/1100.303
=5.91 %

Republic Airways Holdings's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=93.072/( (1134.539+1169.22)/ 2 )
=93.072/1151.8795
=8.08 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 8.08% mean?
Republic Airways Holdings (FRA:M2A0) has a ROE % of 8.08% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Republic Airways Holdings and its competitors. This is 45% above median its historical median of 5.59. According to the industry distribution chart, Republic Airways Holdings ranks #742 out of 983 companies in the Transportation industry, placing it in the top 75.5%.
Is Republic Airways Holdings' ROE % too high?
Republic Airways Holdings' current ROE % of 8.08% is 45% above median its 10-year median of 5.59. The Transportation industry median ROE % is 7.60. Republic Airways Holdings' value of 8.08% is 6.3% above this industry median. Based on the distribution chart, Republic Airways Holdings ranks #742 out of 983 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Republic Airways Holdings has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Republic Airways Holdings' ROE % compare to FLYX and SRFM?
According to the Transportation industry distribution chart, Republic Airways Holdings ranks #742 out of 983 companies for ROE %. This places Republic Airways Holdings in the lower half of its industry. The industry median ROE % is 7.60. Republic Airways Holdings' value of 8.08% is 6.3% above this benchmark. While the company's 10-year median is 5.59 vs. the industry median of 7.60, Republic Airways Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Transportation company?
The median ROE % among Transportation companies is 7.60, based on 983 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Republic Airways Holdings's current ROE % of 8.08% is 6.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Republic Airways Holdings and its competitors. For the Transportation industry, the median ROE % is 7.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Republic Airways Holdings's current ROE % is 8.08%, which is 45% above median its own 10-year median of 5.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Republic Airways Holdings stock overvalued right now?
Republic Airways Holdings (FRA:M2A0) has a current ROE % of 8.08%. The current ROE % is 8.08%, which is 45% above median its 10-year median of 5.59 and 6.3% above the Transportation industry median of 7.60. Republic Airways Holdings' overall GF Score™ is 32/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Republic Airways Holdings (FRA:M2A0), the current ROE % is 8.08% as of Mar. 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.

Republic Airways Holdings Business Description

Other Exchanges RJET:USA
Address 2 Brickyard Lane, Carmel, IN, USA, 46032
Republic Airways Holdings Inc is a regional airline mainly in North America. The company provides scheduled passenger service through its mainline partnerships with American Airlines, Delta Air Lines, and United Airlines. Republic offers scheduled passenger service on several daily flights to various cities in the United States, Canada, Mexico, and the Caribbean. It exclusively operates the dual-class Embraer E170/175 family of aircraft, and provides its services under the American Eagle, Delta Connection, or United Express brands. The company is organized and operates as one operating and reportable segment: regional airline services.
32GF Score

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