MESA: Mesa Air Group Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Mesa Air Group Inc (MESA).

OverviewDividends

$49.82M Market Cap.

As of 07/11/2025 5:00 PM ET (MRY) • Disclaimer

MESA Market Cap. (MRY)


MESA Shares Outstanding (MRY)


MESA Assets (MRY)


Total Assets

$596.86M

Total Liabilities

$486.62M

Total Investments

$0

MESA Income (MRY)


Revenue

$476.41M

Net Income

-$91.02M

Operating Expense

$165.24M

MESA Cash Flow (MRY)


CF Operations

$34.24M

CF Investing

$148.79M

CF Financing

-$200.47M

MESA Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$596,858,000 (-33.57%)

$898,467,000 (-19.46%)

$1,115,602,000 (-23.41%)

$1,456,597,000 (-3.02%)

Assets Current

$61,277,000 (-55.78%)

$138,586,000 (40.93%)

$98,334,000 (-37.91%)

$158,386,000 (1.80%)

Assets Non-Current

$535,581,000 (-29.52%)

$759,881,000 (-25.30%)

$1,017,268,000 (-21.64%)

$1,298,211,000 (-3.57%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$3,842,000 (-43.43%)

$6,792,000 (-15.44%)

Shareholders Equity

$110,242,000 (-44.89%)

$200,036,000 (-35.09%)

$308,174,000 (-36.86%)

$488,047,000 (6.59%)

Property Plant & Equipment Net

$433,582,000 (-38.74%)

$707,731,000 (-22.09%)

$908,344,000 (-27.04%)

$1,244,991,000 (-6.79%)

Cash & Equivalents

$18,630,000 (-48.35%)

$36,072,000 (-40.89%)

$61,025,000 (-50.73%)

$123,867,000 (20.45%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$12,659,000 (-50.67%)

$25,664,000 (-5.47%)

$27,149,000 (-29.36%)

$38,434,000 (30.45%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Inventory

$28,272,000 (-3.33%)

$29,245,000 (9.47%)

$26,715,000 (9.19%)

$24,467,000 (6.51%)

Trade & Non-Trade Receivables

$5,263,000 (-36.23%)

$8,253,000 (107.47%)

$3,978,000 (25.61%)

$3,167,000 (-76.90%)

Trade & Non-Trade Payables

$72,096,000 (22.29%)

$58,957,000 (-0.72%)

$59,386,000 (-3.40%)

$61,476,000 (15.49%)

Accumulated Retained Earnings (Deficit)

-$162,134,000 (-127.98%)

-$71,119,000 (-245.15%)

$48,997,000 (-78.85%)

$231,675,000 (7.71%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$8,173,000 (-2.86%)

$8,414,000 (-52.51%)

$17,719,000 (-74.67%)

$69,940,000 (8.81%)

Total Debt

$318,815,000 (-40.95%)

$539,865,000 (-14.81%)

$633,700,000 (-11.75%)

$718,053,000 (-14.33%)

Debt Current

$52,136,000 (-68.79%)

$167,060,000 (45.97%)

$114,451,000 (-20.72%)

$144,362,000 (-38.10%)

Debt Non-Current

$266,679,000 (-28.47%)

$372,805,000 (-28.20%)

$519,249,000 (-9.49%)

$573,691,000 (-5.17%)

Total Liabilities

$486,616,000 (-30.33%)

$698,431,000 (-13.50%)

$807,428,000 (-16.64%)

$968,550,000 (-7.23%)

Liabilities Current

$174,458,000 (-34.88%)

$267,906,000 (24.91%)

$214,477,000 (-16.93%)

$258,192,000 (-26.93%)

Liabilities Non-Current

$312,158,000 (-27.49%)

$430,525,000 (-27.39%)

$592,951,000 (-16.53%)

$710,358,000 (2.84%)

MESA Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$476,409,000 (-4.35%)

$498,065,000 (-6.20%)

$531,001,000 (5.44%)

$503,591,000 (-7.61%)

Cost of Revenue

$376,994,000 (-10.79%)

$422,596,000 (1.60%)

$415,957,000 (-0.76%)

$419,128,000 (2.18%)

Selling General & Administrative Expense

$44,248,000 (-9.26%)

$48,765,000 (10.92%)

$43,966,000 (-11.81%)

$49,855,000 (-4.58%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$165,235,000 (3.39%)

$159,815,000 (-46.74%)

$300,046,000 (1310.85%)

$21,267,000 (-61.15%)

Interest Expense

$38,455,000 (-22.97%)

$49,921,000 (41.46%)

$35,289,000 (1.61%)

$34,730,000 (-21.28%)

Income Tax Expense

$519,000 (105.93%)

-$8,745,000 (83.18%)

-$51,990,000 (-992.07%)

$5,828,000 (-38.85%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$91,015,000 (24.23%)

-$120,116,000 (34.25%)

-$182,678,000 (-1201.27%)

$16,588,000 (-39.60%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$91,015,000 (24.23%)

-$120,116,000 (34.25%)

-$182,678,000 (-1201.27%)

$16,588,000 (-39.60%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$91,015,000 (24.23%)

-$120,116,000 (34.25%)

-$182,678,000 (-1201.27%)

$16,588,000 (-39.60%)

Weighted Average Shares

$41,137,000 (4.24%)

$39,465,000 (9.22%)

$36,133,000 (1.18%)

$35,713,000 (1.35%)

Weighted Average Shares Diluted

$41,137,000 (4.24%)

$39,465,000 (9.22%)

$36,133,000 (-6.98%)

$38,843,000 (10.01%)

Earning Before Interest & Taxes (EBIT)

-$52,041,000 (34.08%)

-$78,940,000 (60.41%)

-$199,379,000 (-448.89%)

$57,146,000 (-29.55%)

Gross Profit

$99,415,000 (31.73%)

$75,469,000 (-34.40%)

$115,044,000 (36.21%)

$84,463,000 (-37.39%)

Operating Income

-$65,820,000 (21.96%)

-$84,346,000 (54.41%)

-$185,002,000 (-392.74%)

$63,196,000 (-21.17%)

MESA Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$148,788,000 (4.57%)

$142,285,000 (10323.81%)

$1,365,000 (104.08%)

-$33,471,000 (-25.51%)

Net Cash Flow from Financing

-$200,474,000 (-40.05%)

-$143,147,000 (-84.54%)

-$77,569,000 (1.03%)

-$78,374,000 (33.39%)

Net Cash Flow from Operations

$34,244,000 (242.14%)

-$24,091,000 (-280.29%)

$13,362,000 (-89.94%)

$132,871,000 (-23.93%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$17,442,000 (30.10%)

-$24,953,000 (60.29%)

-$62,842,000 (-398.88%)

$21,026,000 (-30.70%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$9,237,000 (0%)

$0 (0%)

-$200,000 (98.00%)

-$10,000,000 (0%)

Capital Expenditure

$139,551,000 (-1.92%)

$142,285,000 (8991.69%)

$1,565,000 (106.67%)

-$23,471,000 (11.98%)

Issuance (Repayment) of Debt Securities

-$200,366,000 (-40.05%)

-$143,068,000 (-84.57%)

-$77,513,000 (-0.20%)

-$77,359,000 (33.92%)

Issuance (Purchase) of Equity Shares

$30,000 (-89.44%)

$284,000 (-28.82%)

$399,000 (-15.29%)

$471,000 (180.38%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$1,329,000 (-41.58%)

$2,275,000 (-17.60%)

$2,761,000 (-11.68%)

$3,126,000 (-29.18%)

Depreciation Amortization & Accretion

$40,041,000 (-33.66%)

$60,359,000 (-25.95%)

$81,508,000 (-1.62%)

$82,847,000 (0.67%)

MESA Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

20.90% (37.50%)

15.20% (-29.95%)

21.70% (29.17%)

16.80% (-31.98%)

Profit Margin

-19.10% (20.75%)

-24.10% (29.94%)

-34.40% (-1142.42%)

3.30% (-34.00%)

EBITDA Margin

-2.50% (32.43%)

-3.70% (83.33%)

-22.20% (-179.86%)

27.80% (-7.33%)

Return on Average Equity (ROAE)

-67.10% (-40.08%)

-47.90% (-7.40%)

-44.60% (-1411.76%)

3.40% (-45.16%)

Return on Average Assets (ROAA)

-13.30% (-12.71%)

-11.80% (15.71%)

-14.00% (-1372.73%)

1.10% (-38.89%)

Return on Sales (ROS)

-10.90% (31.01%)

-15.80% (57.87%)

-37.50% (-431.86%)

11.30% (-24.16%)

Return on Invested Capital (ROIC)

-6.10% (-5.17%)

-5.80% (51.67%)

-12.00% (-487.10%)

3.10% (-22.50%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-0.55 (-93.64%)

-0.28 (13.19%)

-0.33 (-101.96%)

16.65 (340.30%)

Price to Sales Ratio (P/S)

0.1 (52.94%)

0.07 (-39.29%)

0.11 (-79.37%)

0.54 (184.29%)

Price to Book Ratio (P/B)

0.45 (158.29%)

0.17 (-9.79%)

0.19 (-65.54%)

0.56 (146.93%)

Debt to Equity Ratio (D/E)

4.41 (26.40%)

3.49 (33.28%)

2.62 (31.99%)

1.99 (-12.94%)

Earnings Per Share (EPS)

-2.21 (27.30%)

-3.04 (39.92%)

-5.06 (-1200.00%)

0.46 (-41.03%)

Sales Per Share (SPS)

11.58 (-8.23%)

12.62 (-14.13%)

14.7 (4.22%)

14.1 (-8.84%)

Free Cash Flow Per Share (FCFPS)

4.22 (41.07%)

3 (625.18%)

0.41 (-86.52%)

3.06 (-27.07%)

Book Value Per Share (BVPS)

2.68 (-47.13%)

5.07 (-40.57%)

8.53 (-37.59%)

13.67 (5.17%)

Tangible Assets Book Value Per Share (TABVPS)

14.51 (-36.27%)

22.77 (-26.01%)

30.77 (-24.21%)

40.6 (-4.25%)

Enterprise Value Over EBIT (EV/EBIT)

-8 (-14.29%)

-7 (-133.33%)

-3 (-120.00%)

15 (36.36%)

Enterprise Value Over EBITDA (EV/EBITDA)

-35.95 (-18.59%)

-30.31 (-428.90%)

-5.73 (-193.64%)

6.12 (9.40%)

Asset Turnover

0.69 (42.13%)

0.49 (20.15%)

0.41 (22.22%)

0.33 (-7.50%)

Current Ratio

0.35 (-32.11%)

0.52 (12.88%)

0.46 (-25.29%)

0.61 (39.32%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$173,795,000 (47.04%)

$118,194,000 (691.81%)

$14,927,000 (-86.36%)

$109,400,000 (-26.08%)

Enterprise Value (EV)

$431,361,384 (-23.41%)

$563,206,480 (-16.63%)

$675,537,082 (-21.15%)

$856,729,282 (-6.28%)

Earnings Before Tax (EBT)

-$90,496,000 (29.77%)

-$128,861,000 (45.09%)

-$234,668,000 (-1146.88%)

$22,416,000 (-39.41%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$12,000,000 (35.42%)

-$18,581,000 (84.24%)

-$117,871,000 (-184.20%)

$139,993,000 (-14.33%)

Invested Capital

$722,585,000 (-36.30%)

$1,134,354,000 (-22.83%)

$1,469,958,000 (-17.69%)

$1,785,799,000 (-4.80%)

Working Capital

-$113,181,000 (12.48%)

-$129,320,000 (-11.35%)

-$116,143,000 (-16.37%)

-$99,806,000 (49.53%)

Tangible Asset Value

$596,858,000 (-33.57%)

$898,467,000 (-19.19%)

$1,111,760,000 (-23.32%)

$1,449,805,000 (-2.95%)

Market Capitalization

$49,818,384 (42.04%)

$35,073,480 (-41.43%)

$59,887,082 (-78.22%)

$274,925,282 (163.16%)

Average Equity

$135,603,250 (-45.92%)

$250,730,500 (-38.78%)

$409,556,250 (-16.33%)

$489,463,750 (9.81%)

Average Assets

$685,782,250 (-32.69%)

$1,018,835,000 (-21.98%)

$1,305,909,500 (-13.74%)

$1,514,004,500 (0.08%)

Invested Capital Average

$856,515,500 (-36.54%)

$1,349,777,250 (-18.80%)

$1,662,331,750 (-10.05%)

$1,847,982,000 (-8.04%)

Shares

41,172,218 (0.84%)

40,830,594 (12.50%)

36,295,201 (1.13%)

35,891,029 (1.35%)