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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 mono-branded franchise stores, 150,000 wholesale doors, and owned e-commerce that is available in 67 countries. The company was founded in 1949 in Germany.
1924
62.0K+
LTM Revenue $26.2B
LTM EBITDA $2.9B
$40.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
adidas has a last 12-month revenue of $26.2B and a last 12-month EBITDA of $2.9B.
In the most recent fiscal year, adidas achieved revenue of $25.4B and an EBITDA of $2.7B.
adidas expects next 12-month revenue of XXX and NTM EBITDA of XXX
See adidas valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $23.0B | $25.4B | XXX | XXX | XXX |
| Gross Profit | $11.4B | $10.9B | XXX | XXX | XXX |
| Gross Margin | 50% | 43% | XXX | XXX | XXX |
| EBITDA | $1.5B | $2.7B | XXX | XXX | XXX |
| EBITDA Margin | 7% | 11% | XXX | XXX | XXX |
| Net Profit | $657M | -$80.6M | XXX | XXX | XXX |
| Net Margin | 3% | 0% | XXX | XXX | XXX |
| Net Debt | $2.9B | $1.7B | XXX | XXX | XXX |
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As of April 15, 2025, adidas's stock price is EUR 196 (or $210).
adidas has current market cap of EUR 35.0B (or $37.6B), and EV of EUR 38.1B (or $40.9B).
See adidas trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $40.9B | $37.6B | XXX | XXX | XXX | XXX | $5.60 |
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Sign UpAs of April 15, 2025, adidas has market cap of $37.6B and EV of $40.9B.
adidas's trades at 1.6x LTM EV/Revenue multiple, and 13.9x LTM EBITDA.
Analysts estimate adidas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for adidas and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $40.9B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 15.2x | XXX | XXX | XXX |
| P/E | 45.8x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 16.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign Upadidas's NTM/LTM revenue growth is 10%
adidas's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, adidas's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate adidas's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for adidas and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 75% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 21% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 37% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 45% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Cettire | XXX | XXX | XXX | XXX | XXX | XXX |
| Merino | XXX | XXX | XXX | XXX | XXX | XXX |
| Premier Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| Step One Clothing | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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adidas acquired XXX companies to date.
Last acquisition by adidas was XXXXXXXX, XXXXX XXXXX XXXXXX . adidas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| 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 62.0K+ employees. |
| Is adidas publicy listed? | Yes, adidas is a public company listed on ETR. |
| 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? | Similar companies to adidas include e.g. Brillia Inc, Cettire, Merino, Premier Investments. |
| What is the current market cap of adidas? | adidas's current market cap is $37.6B |
| What is the current revenue of adidas? | adidas's last 12-month revenue is $26.2B. |
| What is the current EBITDA of adidas? | adidas's last 12-month EBITDA is $2.9B. |
| What is the current EV/Revenue multiple of adidas? | Current revenue multiple of adidas is 1.6x. |
| What is the current EV/EBITDA multiple of adidas? | Current EBITDA multiple of adidas is 13.9x. |
| What is the current revenue growth of adidas? | adidas revenue growth between 2023 and 2024 was 11%. |
| Is adidas profitable? | Yes, adidas is EBITDA-positive (as of the last 12 months). |
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