Companies: 10,795·Total market cap: $144.5T
Mesa Air Group, Inc.

Mesa Air Group, Inc.

MESANASDAQIndustrials
$18.78
$-2.22(-10.57%)
Market Cap$3495578
P/E Ratio—
52W High$25.8
52W Low$1.3501
Free Cash FlowFinancialsRevenue

Mesa Air Group, Inc. (MESA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MESA · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$53.3M for FY2025 (fiscal year ending 2025-09-30), down 482.3% year-over-year The FCF margin was -14.0%.

FY2025 Free Cash Flow−$53.3M▼ -482.3% YoY
Trailing 12M (TTM)−$71.8Mtrailing 4 quarters sum
FCF Margin-14.0%−$53.3M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
mesa free cash flow history · mesa free cash flow chart · mesa free cash flow growth rate · mesa free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$53.3M▼ 482.3%-14.0%
FY2024$13.9M▲ +122.9%2.9%
FY2023−$60.7M▼ 73.2%-12.2%
FY2022−$35.1M▼ 132.1%-6.6%
FY2021$109.4M▼ 26.1%21.7%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
mesa free cash flow 2025 · mesa free cash flow 2024 · mesa free cash flow 2023 · mesa operating cash flow

FCF valuation metrics

Mesa Air Group, Inc. (MESA) reported negative free cash flow of −$0.05B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30
mesa price to free cash flow · mesa free cash flow yield · mesa free cash flow per share · mesa price to cash flow ratio

Cash flow statement summary

For FY2025, Mesa Air Group, Inc. generated −$46.2M in operating cash flow and spent 7M in capital expenditures, yielding −$53.3M in free cash flow.

Operating Activities
−$46.2M
Cash from core business operations
2025-09-30
Investing Activities
+$211.3M
CapEx, acquisitions & investments
2025-09-30
Financing Activities
−$142.0M
Buybacks, dividends & debt
2025-09-30
FCF FormulaOperating CF (−$46.2M) − |CapEx| (7M) = FCF (−$53.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
mesa cash flow statement · mesa cash flow statement 2025 · mesa operating cash flow · mesa cash flow from operations

Free cash flow vs peers (Industrials)

#CompanyFree Cash FlowYoY
#1
Mesa Air Group, Inc.
Mesa Air Group, Inc.YOU
MESA
−$53.3M-482.3%
#2
Caterpillar Inc.
Caterpillar Inc.
CAT
$10.27B+16.5%#3
RTX Corporation
RTX Corporation
RTX
$7.94B+75.1%#4
GE Aerospace
GE Aerospace
GE
$7.26B+97.5%#5
The Boeing Company
The Boeing Company
BA
−$1.88B+87.0%#6
Space Exploration Technologies Corp.
Space Exploration Technologies Corp.
SPCX
−$13.95B-159.0%
Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Mesa Air Group, Inc. (MESA) reported free cash flow of −$53.3M for FY2025 (fiscal year ending 2025-09-30), down 482.3% year-over-year. The FCF margin was -14.0%.

Based on available data, Mesa Air Group, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $148.0M in FY2020.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

MESA free cash flow · 8 questions

Mesa Air Group, Inc. free cash flow was −$53.3M for FY2025, down 482.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$71.8M.

MESA free cash flowMESA FCFMESA FCF 2025MESA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Mesa Air Group, Inc. · Mesa Air Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026