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MESA AIR GROUP INC (MESA) Stock Fundamental Analysis

USA - NASDAQ:MESA - US5904791358 - Common Stock

1.44 USD
+0.06 (+4.35%)
Last: 10/20/2025, 8:02:15 PM
1.41 USD
-0.03 (-2.08%)
After Hours: 10/20/2025, 8:02:15 PM
Fundamental Rating

2

Taking everything into account, MESA scores 2 out of 10 in our fundamental rating. MESA was compared to 21 industry peers in the Passenger Airlines industry. MESA has a bad profitability rating. Also its financial health evaluation is rather negative. MESA is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

MESA had negative earnings in the past year.
MESA had a negative operating cash flow in the past year.
In multiple years MESA reported negative net income over the last 5 years.
MESA had a positive operating cash flow in 4 of the past 5 years.
MESA Yearly Net Income VS EBIT VS OCF VS FCFMESA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M

1.2 Ratios

MESA has a worse Return On Assets (-99.22%) than 90.48% of its industry peers.
MESA has a better Return On Invested Capital (83.68%) than 100.00% of its industry peers.
Industry RankSector Rank
ROA -99.22%
ROE N/A
ROIC 83.68%
ROA(3y)-15%
ROA(5y)-8.4%
ROE(3y)-67.3%
ROE(5y)-38.5%
ROIC(3y)N/A
ROIC(5y)N/A
MESA Yearly ROA, ROE, ROICMESA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80

1.3 Margins

MESA has a Operating Margin of 1.05%. This is in the lower half of the industry: MESA underperforms 61.90% of its industry peers.
In the last couple of years the Operating Margin of MESA has declined.
MESA has a worse Gross Margin (18.36%) than 71.43% of its industry peers.
In the last couple of years the Gross Margin of MESA has declined.
Industry RankSector Rank
OM 1.05%
PM (TTM) N/A
GM 18.36%
OM growth 3YN/A
OM growth 5Y-36.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.11%
GM growth 5Y-10.25%
MESA Yearly Profit, Operating, Gross MarginsMESA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MESA is creating value.
Compared to 1 year ago, MESA has more shares outstanding
The number of shares outstanding for MESA has been increased compared to 5 years ago.
Compared to 1 year ago, MESA has an improved debt to assets ratio.
MESA Yearly Shares OutstandingMESA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MESA Yearly Total Debt VS Total AssetsMESA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

MESA has an Altman-Z score of -0.23. This is a bad value and indicates that MESA is not financially healthy and even has some risk of bankruptcy.
MESA has a Altman-Z score of -0.23. This is in the lower half of the industry: MESA underperforms 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -0.23
ROIC/WACC11.7
WACC7.15%
MESA Yearly LT Debt VS Equity VS FCFMESA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M 800M

2.3 Liquidity

MESA has a Current Ratio of 0.76. This is a bad value and indicates that MESA is not financially healthy enough and could expect problems in meeting its short term obligations.
With an excellent Current ratio value of 0.76, MESA belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
MESA has a Quick Ratio of 0.76. This is a bad value and indicates that MESA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MESA (0.67) is better than 76.19% of its industry peers.
Industry RankSector Rank
Current Ratio 0.76
Quick Ratio 0.67
MESA Yearly Current Assets VS Current LiabilitesMESA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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0

3. Growth

3.1 Past

The earnings per share for MESA have decreased strongly by -86.23% in the last year.
The Revenue for MESA has decreased by -14.62% in the past year. This is quite bad
The Revenue has been decreasing by -8.01% on average over the past years.
EPS 1Y (TTM)-86.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%203.6%
Revenue 1Y (TTM)-14.62%
Revenue growth 3Y-1.83%
Revenue growth 5Y-8.01%
Sales Q2Q%-16.25%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y568.97%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.19%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MESA Yearly Revenue VS EstimatesMESA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
MESA Yearly EPS VS EstimatesMESA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 0 1 -1

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4

4. Valuation

4.1 Price/Earnings Ratio

MESA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 2.08 indicates a rather cheap valuation of MESA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MESA indicates a rather cheap valuation: MESA is cheaper than 100.00% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of MESA to the average of the S&P500 Index (23.18), we can say MESA is valued rather cheaply.
Industry RankSector Rank
PE N/A
Fwd PE 2.08
MESA Price Earnings VS Forward Price EarningsMESA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MESA indicates a rather cheap valuation: MESA is cheaper than 80.95% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.46
MESA Per share dataMESA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

MESA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for MESA!.
Industry RankSector Rank
Dividend Yield N/A

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MESA AIR GROUP INC

NASDAQ:MESA (10/20/2025, 8:02:15 PM)

After market: 1.41 -0.03 (-2.08%)

1.44

+0.06 (+4.35%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)10-13 2025-10-13
Earnings (Next)N/A N/A
Inst Owners17.52%
Inst Owner Change-0.41%
Ins Owners12.54%
Ins Owner Change19.38%
Market Cap60.29M
Analysts43.33
Price TargetN/A
Short Float %1.07%
Short Ratio3.36
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 2.08
P/S 0.15
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA 4.46
EPS(TTM)-4.29
EYN/A
EPS(NY)0.69
Fwd EY48.17%
FCF(TTM)-0.9
FCFYN/A
OCF(TTM)-0.69
OCFYN/A
SpS9.7
BVpS-0.99
TBVpS-0.99
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -99.22%
ROE N/A
ROCE 105.93%
ROIC 83.68%
ROICexc N/A
ROICexgc N/A
OM 1.05%
PM (TTM) N/A
GM 18.36%
FCFM N/A
ROA(3y)-15%
ROA(5y)-8.4%
ROE(3y)-67.3%
ROE(5y)-38.5%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-29.03%
ROICexc growth 3YN/A
ROICexc growth 5Y-28.91%
OM growth 3YN/A
OM growth 5Y-36.96%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y9.11%
GM growth 5Y-10.25%
F-Score6
Asset Turnover2.27
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 0.98
Cap/Depr 35.97%
Cap/Sales 2.17%
Interest Coverage 0.22
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.76
Quick Ratio 0.67
Altman-Z -0.23
F-Score6
WACC7.15%
ROIC/WACC11.7
Cap/Depr(3y)53.83%
Cap/Depr(5y)42.92%
Cap/Sales(3y)6.43%
Cap/Sales(5y)5.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-86.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%203.6%
EPS Next Y568.97%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.62%
Revenue growth 3Y-1.83%
Revenue growth 5Y-8.01%
Sales Q2Q%-16.25%
Revenue Next Year16.19%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y130.04%
EBIT growth 3YN/A
EBIT growth 5Y-42.01%
EBIT Next Year208.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y18.8%
FCF growth 3Y-50.63%
FCF growth 5Y-11.93%
OCF growth 1Y-104.99%
OCF growth 3Y-36.37%
OCF growth 5Y-25.75%