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easyJet

EJTTF
53
Airlines, Airports & Air Services · Industrials
Price
$8.89
+0.00 (+0.00%)
Market Cap
$6.65B
Exchange
Other OTC
Winston Score
53
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Strong
Cash Flow
Strong
Stability
Strong
Valuation
Strong
Dividends
Weak

Share count rising — dilution

+41.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 539.0M (2021) → 764.0M (2025)

Winston Score History

The full picture

easyJet is a British low-cost airline that flies passengers across Europe and to destinations in North Africa and the Middle East. It sells cheap, no-frills flights directly to everyday travelers, competing on price rather than luxury. easyJet is one of the largest budget airlines in Europe, operating hundreds of routes from major hubs like London Gatwick, Amsterdam, and Geneva.

The company makes most of its money from ticket sales, but it also earns significant revenue from add-ons like checked bags, seat selection, and travel insurance. It operates almost entirely in Europe and reported revenues of roughly £9 billion in its most recent fiscal year. easyJet's main competitive advantage is its strong brand recognition and large network of slots at busy airports, which are hard for new competitors to replicate. The biggest risk the business faces is rising fuel costs and economic downturns, both of which can quickly squeeze its already thin profit margins.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+12.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-25.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

£0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

22.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

£3.6B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

easyJet is a rare growth stock that's already generating positive cash flow while growing at 12%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
0.4%
Thin — 0.4% gross margin
Profit after running costs
Operating Margin
-13.5%
Losing money on operations — -13.5%
Return on the money invested
ROCE
13.9%
Good — 13.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+46.4%
Fast-growing sales (+46.4% YoY)
Profit growth
EPS YoY
+3.7%
Modest earnings growth (+3.7% YoY)

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
255%
Turns 255% of profit into real cash
Spare cash per sale
FCF Margin
3.7%
Thin free cash flow (3.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.55
Conservative — low debt load (0.55)
Covers its interest
Interest Cover
5.54x
Adequate interest coverage (5.5x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
15.9x
Fair value — P/E 15.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+7.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (15.9 → 8.8)

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Dividends

Dividend
Dividend Yield
1.98%
Small dividend — 1.98% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-67.5%
Dividend cut (-67.5% YoY) — warning sign

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