30 Stocks That Should Double in 3 Years

26. Embraer (NYSE:ERJ)

Number of Hedge Fund Holders: 27

Embraer (NYSE:ERJ) designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Commercial Aviation, Defense & Security, Executive Aviation, Services & Support, and Other segments. It is also involved in leasing used aircraft, as well as pilot, mechanic, and crew training.

In 2024, the company’s Executive Aviation revenues expanded by 25% year-over-year. This contributed to the division achieving an adjusted EBIT of $205 million, which was 62% higher than in 2023. This resulted in an EBIT margin of 11.7%. Executive Aviation also secured its largest order ever, which was a monumental $7 billion contract with Flexjet for 182 firm orders and 30 options.

Notably, the Embraer Phenom 300 maintained its position as the most delivered light jet for the 13th consecutive year and the most delivered twin-engine jet for the 5th consecutive year. By the end of 2024, Executive Aviation had a record backlog of $7.4 billion. For 2025, Embraer (NYSE:ERJ) forecasts delivering between 145 and 155 jets in the Executive Aviation segment, which would be up 15%.