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Embraer vs Joby Aviation: revenue, profit, margins and growth compared

Embraer brought in $7.6B of revenue in fiscal 2025, Joby Aviation $53.4M in fiscal 2025. Revenue changed by +18.5% at Embraer and +39,183.1% at Joby Aviation on the year before, so Joby Aviation grew faster. Embraer kept 4.6% of its revenue as net profit, Joby Aviation -1,740.5%. Free cash flow was $682.8M at Embraer and -$563.8M at Joby Aviation.

Side by side, latest fiscal year

EMBJJOBY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.6B$53.4M
Revenue growth+18.5%+39,183.1%
Net income$351.9M-$929.8M
Net margin4.6%-1,740.5%
Free cash flow$682.8M-$563.8M
Free cash flow margin9.0%-1,055.3%
Earnings per share (diluted)$0.48-$1.13
Cash$1.9B$240.8M
Debtn/a$0
Price to earningsn/an/a
Market value$14.2B$6.3B
Dividend yieldn/an/a
Rank by revenue in sector#87 of 451 · Industrials#403 of 451 · Industrials

Over the years

Revenue
EMBJ FY2018: $5.1BEMBJ FY2019: $5.5BEMBJ FY2020: $3.8BEMBJ FY2021: $4.2BEMBJ FY2022: $4.5BEMBJ FY2023: $5.3BEMBJ FY2024: $6.4BEMBJ FY2025: $7.6BJOBY FY2021: $0JOBY FY2022: $0JOBY FY2023: $1MJOBY FY2024: $136KJOBY FY2025: $53.4MFY18FY19FY20FY21FY22FY23FY24FY25
EMBJ $7.6BJOBY $53.4M
Net income
EMBJ FY2018: -$178.2MEMBJ FY2019: -$322.3MEMBJ FY2020: -$731.9MEMBJ FY2021: -$44.7MEMBJ FY2022: -$185.4MEMBJ FY2023: $164MEMBJ FY2024: $352.5MEMBJ FY2025: $351.9MJOBY FY2020: -$114.2MJOBY FY2021: -$180.3MJOBY FY2022: -$258MJOBY FY2023: -$513.1MJOBY FY2024: -$608MJOBY FY2025: -$929.8MFY18FY19FY20FY21FY22FY23FY24FY25
EMBJ $351.9MJOBY -$929.8M
Net margin
EMBJ FY2018: -3.5%EMBJ FY2019: -5.9%EMBJ FY2020: -19.4%EMBJ FY2021: -1.1%EMBJ FY2022: -4.1%EMBJ FY2023: 3.1%EMBJ FY2024: 5.5%EMBJ FY2025: 4.6%JOBY FY2023: -49,714.1%JOBY FY2024: -447,083.8%JOBY FY2025: -1,740.5%FY18FY19FY20FY21FY22FY23FY24FY25
EMBJ 4.6%JOBY -1,740.5%
Revenue growth
EMBJ FY2019: +7.7%EMBJ FY2020: -31.0%EMBJ FY2021: +11.3%EMBJ FY2022: +8.2%EMBJ FY2023: +16.0%EMBJ FY2024: +21.4%EMBJ FY2025: +18.5%JOBY FY2024: -86.8%JOBY FY2025: +39,183.1%FY19FY20FY21FY22FY23FY24FY25
EMBJ +18.5%JOBY +39,183.1%
Free cash flow
EMBJ FY2018: $953.3MEMBJ FY2019: $609.3MEMBJ FY2020: -$1.4BEMBJ FY2021: $413.6MEMBJ FY2022: $615.1MEMBJ FY2023: $378.3MEMBJ FY2024: $670.8MEMBJ FY2025: $682.8MJOBY FY2020: -$129.6MJOBY FY2021: -$228.1MJOBY FY2022: -$290.8MJOBY FY2023: -$344.4MJOBY FY2024: -$476.9MJOBY FY2025: -$563.8MFY18FY19FY20FY21FY22FY23FY24FY25
EMBJ $682.8MJOBY -$563.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Embraer and Joby Aviation

Which is bigger by revenue, Embraer or Joby Aviation?

Embraer is bigger by revenue: $7.6B in fiscal 2025, against $53.4M for Joby Aviation in fiscal 2025.

Which keeps more of its revenue as profit, Embraer or Joby Aviation?

Embraer had a net margin of 4.6% in fiscal 2025; Joby Aviation had -1,740.5% in fiscal 2025.

Which grew revenue faster, Embraer or Joby Aviation?

In their latest fiscal years revenue changed by +18.5% at Embraer and +39,183.1% at Joby Aviation.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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