Republic Airways Holdings IncRepublic Airways Holdings Inc
Republic Airways Holdings Inc

Republic Airways Holdings Inc

RJET
Industrials·Airlines

Republic Airways Holdings, Inc. is a holding company that engages in the provision of passenger airline services. The airlines provide fixed-fee flights operated under their codeshare partners brands: American Eagle, Delta Connection, and United Express. The company was founded in 1974 and is headquartered in Carmel, IN.

Arizona; U.S.A
Market cap
No dataNo data
Revenue
$1.7BNo data
Net income
$76.2MNo data
Free cash flow
$-74.9MNo data

Market

Listed stock
RJETPriceNasdaq
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Financial performance

Revenue
$1.7BNo data
Operating income
$168.3MNo data
Net income
$76.2MNo data
Free cash flow
$-74.9MNo data

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2023 $498.1M, 2023 $1.4B, 2024 $476.4M, 2024 $1.5B, 2025 $1.7B. Operating income: 2023 $-84.3M, 2023 $135.3M, 2024 $-65.8M, 2024 $137M, 2025 $168.3M. Net income: 2023 $-120.1M, 2023 $54.8M, 2024 $-91M, 2024 $64.6M, 2025 $76.2M. Free cash flow: 2023 $-60.7M, 2023 $71.1M, 2024 $13.9M, 2024 $52.6M, 2025 $-74.9M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
251.9%No data
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2023-09-30 $-84.3M, 2023-12-31 $135.3M, 2024-09-30 $-65.8M, 2024-12-31 $137M, 2025-12-31 $168.3M. Net income: 2023-09-30 $-120.1M, 2023-12-31 $54.8M, 2024-09-30 $-91M, 2024-12-31 $64.6M, 2025-12-31 $76.2M. Free cash flow: 2023-09-30 $-60.7M, 2023-12-31 $71.1M, 2024-09-30 $13.9M, 2024-12-31 $52.6M, 2025-12-31 $-74.9M

Growth heatmap

2023202420242025CAGR
Revenue
+186.9%
-66.7%
+209.4%
+13.7%
+71.4%
Gross profit
+235.6%
-72.8%
+267.3%
+247.7%
+197.3%
Operating income
+260.4%
-148.6%
+308.1%
+22.8%
No data
Free cash flow
+217.1%
-80.4%
+277.6%
-242.4%
No data

Earnings quality

Operating cash flow
$322MNo data
Net income
$76.2MNo data
Free cash flow
$-74.9MNo data
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 423%, 2024-12-31 350%, 2024-09-30 -38%, 2023-12-31 601%, 2023-09-30 20%. Free cash flow: 2025-12-31 -98%, 2024-12-31 81%, 2024-09-30 -15%, 2023-12-31 130%, 2023-09-30 51%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
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Free cash flow yield
No data
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No data
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