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adidas Valuation Multiples
Discover revenue and EBITDA valuation multiples for adidas and similar public comparables like H & M Hennes & Mauritz, Tapestry, ANTA, Kering and more.
adidas Overview
About adidas
Adidas designs, develops, produces, and markets athletic and leisure apparel, footwear, accessories, and sports equipment. Under its eponymous brand, it produces apparel for competitive athletics, casual activewear, and casual fashion. Adidas sells its products in more than 160 countries through about 1,900 owned retail stores, 15,000 Adidas-branded franchise stores (including about 7,500 in China), 150,000 wholesale doors, and an owned e-commerce site that is available in 67 countries. The company was founded in 1949 in Germany.
Founded
1924
HQ
Employees
62.0K
Website
Financials (LTM)
EV
$35B
adidas Financials
adidas reported last 12-month revenue of $29B and EBITDA of $4B.
In the same LTM period, adidas generated $15B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
adidas P&L
In the most recent fiscal year, adidas reported revenue of $29B and EBITDA of $4B.
adidas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $29B | XXX | $29B | XXX | XXX | XXX |
| Gross Profit | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
adidas Stock Performance
adidas has current market cap of $31B, and enterprise value of $35B.
Market Cap Evolution
adidas' stock price is $174.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $35B | $31B | -0.6% | XXX | XXX | XXX | $8.98 |
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Start Free Trialadidas Valuation Multiples
adidas trades at 1.2x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
adidas Financial Valuation Multiples
As of April 5, 2026, adidas has market cap of $31B and EV of $35B.
Equity research analysts estimate adidas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
adidas has a P/E ratio of 18.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31B | XXX | $31B | XXX | XXX | XXX |
| EV (current) | $35B | XXX | $35B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 14.1x | XXX | 14.8x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| P/E | 18.4x | XXX | 19.4x | XXX | XXX | XXX |
| EV/FCF | 36.4x | XXX | 68.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified adidas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
adidas Margins & Growth Rates
adidas' revenue in the last 12 month grew by 6%.
adidas' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.
adidas' rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
adidas' rule of X is 29% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
adidas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 29% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | 36% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
adidas Public Comps
See public comps and valuation multiples for other Clothing & Accessories and Sports & Leisure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| H & M Hennes & Mauritz | XXX | XXX | XXX | XXX | XXX | XXX |
| Tapestry | XXX | XXX | XXX | XXX | XXX | XXX |
| ANTA | XXX | XXX | XXX | XXX | XXX | XXX |
| Kering | XXX | XXX | XXX | XXX | XXX | XXX |
| ASICS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
adidas M&A Activity
adidas acquired XXX companies to date.
Last acquisition by adidas was on XXXXXXXX, XXXXX. adidas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by adidas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free Trialadidas Investment Activity
adidas invested in XXX companies to date.
adidas made its latest investment on XXXXXXXX, XXXXX. adidas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by adidas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout adidas
| When was adidas founded? | adidas was founded in 1924. |
| Where is adidas headquartered? | adidas is headquartered in Germany. |
| How many employees does adidas have? | As of today, adidas has over 62K employees. |
| Is adidas publicly listed? | Yes, adidas is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of adidas? | adidas trades under ADS ticker. |
| When did adidas go public? | adidas went public in 1955. |
| Who are competitors of adidas? | adidas main competitors are H & M Hennes & Mauritz, Tapestry, ANTA, Kering. |
| What is the current market cap of adidas? | adidas' current market cap is $31B. |
| What is the current revenue of adidas? | adidas' last 12 months revenue is $29B. |
| What is the current revenue growth of adidas? | adidas revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of adidas? | Current revenue multiple of adidas is 1.2x. |
| Is adidas profitable? | Yes, adidas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of adidas? | adidas' last 12 months EBITDA is $4B. |
| What is adidas' EBITDA margin? | adidas' last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of adidas? | Current EBITDA multiple of adidas is 9.3x. |
| What is the current FCF of adidas? | adidas' last 12 months FCF is $973M. |
| What is adidas' FCF margin? | adidas' last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of adidas? | Current FCF multiple of adidas is 36.4x. |
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