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Mesa Air Group, Inc.(MESA)Earnings, Financials & Key Ratios
MESA•NASDAQ
$21.00
Price updated Jun 20, 2026
AboutMesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned aircrafts and 14 leased aircrafts with approximately 507 daily departures to 129 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona.Show more
- Revenue$381M-19.9%
- EBITDA-$158M-512.1%
- Net Income-$152M-67.4%
- EPS (Diluted)-4.03-82.4%
- Gross Margin99.1%+695.2%
- EBITDA Margin-41.37%-664.5%
- Operating Margin-46.5%-236.6%
- Net Margin-39.94%-109.0%
- ROE-528.9%-801.5%
MESA Price & Volume
Mesa Air Group, Inc. (MESA) stock price & volume — 10-year historical chart
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Persistent Operational Contraction Strains Corporate Solvency
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Insolvency and liquidity risk
Key Thesis Takeaways
- Mesa Air Group faces a precarious outlook characterized by a severe erosion of shareholder equity, which has shifted from a positive $227.9M in 2023Q3 to a deficit of $52.6M by 2025Q4.
- The company's heavy reliance on a single capacity purchase partner, coupled with a 21.3% year-over-year revenue contraction in 2025Q4, suggests significant structural instability.
- Investors should monitor the firm's inability to generate consistent free cash flow, as evidenced by the -$4.5M outflow in the most recent quarter, which threatens its long-term operational viability.
Verdict Logic
the company's fundamental instability is highlighted by a negative equity position of -$52.6M and a persistent inability to generate positive free cash flow, which reached -$4.5M in the most recent quarter.
MESA Growth Metrics
Mesa Air Group, Inc. (MESA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-11.72%
5 Years-6.89%
3 Years-10.44%
TTM-19.93%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-82.89%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-79.64%
Return on Capital
10 Years-8.36%
5 Years-24.4%
3 Years-36.58%
Last Year-86.23%
MESA Recent Earnings
Mesa Air Group, Inc. (MESA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 3/12 qtrs (60%)
Q2 2026Latest
Mar 19, 2026Metric
Actual
Est
EPS
$0.12
—
Rev
$464M
—
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$11.74
—
Rev
$464M
—
Q4 2025
Nov 21, 2025Metric
Actual
Est
EPS
$0.05
—
Rev
$91M
—
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.01
—
Rev
$93M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $0.12 | $464M |
| Q2 2026 | Mar 4, 2026 | $11.74 | $464M |
| Q4 2025 | Nov 21, 2025 | $0.05 | $91M |
| Q3 2025 | Aug 13, 2025 | $0.01 | $93M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Mesa Air Group, Inc. (MESA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $21.00 | $879.48M | -0.04 | -19.93% | -39.94% | -528.9% | — | |
| $98.75 | $3.97B | 9.54 | 15.03% | 10.42% | 16% | — | |
| $7.81 | $1.79B | -13.02 | -1.35% | -9.62% | -88.57% | — | |
| $16.17 | $876.36M | 16.84 | 4.74% | 3.55% | 6.44% | — | |
| $50.41 | $5.62B | 57.94 | 21.34% | 0.51% | 1.85% | — | |
| $6.06 | $2.25B | -3.65 | -2.34% | -7.78% | -33.13% | — |
Compare MESA vs Peers
Mesa Air Group, Inc. (MESA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MESA SEC Filings & Documents
Mesa Air Group, Inc. (MESA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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MESA Frequently Asked Questions
Mesa Air Group, Inc. (MESA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Mesa Air Group, Inc.'s revenue?
Mesa Air Group, Inc. (MESA) reported $381.4M in revenue for fiscal year 2025. This represents a 390% increase from $77.8M in 1991.
How fast is Mesa Air Group, Inc. growing?
Mesa Air Group, Inc. (MESA) saw revenue decline by 19.9% over the past year.
Is MESA profitable?
Mesa Air Group, Inc. (MESA) reported a net loss of $166.5M for fiscal year 2025.
Dividend & Returns
What is MESA's return on equity?
Mesa Air Group, Inc. (MESA) has a return on equity (ROE) of -528.9%. Negative ROE indicates the company is unprofitable.
What is Mesa Air Group, Inc.'s free cash flow?
Mesa Air Group, Inc. (MESA) had negative free cash flow of $53.3M in fiscal year 2025, likely due to heavy capital investments.