Air Arabia - Public Comps and Valuation Multiples

Air Arabia Overview

About Air Arabia

Air Arabia PJSC is a group of airlines and companies offering travel and tourism services around the world. Its business activities along with its subsidiaries are international commercial air transportation, aircraft trading, aircraft rental, aircraft rent, aircraft spare parts trading, travel and tourist agencies, hotels, hotel apartment rentals, airline companies representative offices, passenger transport, cargo services, air cargo agents, documents transfer services, telecommunications devices trading, aviation training, and aircraft repairs and maintenance. It operates in two segments: Airlines and Others.

Founded

2007

HQ

Employees

4.6K+

Website

airarabia.com

Sectors

Airlines

Financials

LTM Revenue $1.9B

LTM EBITDA $523M

EV

$4.0B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Air Arabia Financials

As of August 2025, Air Arabia reported last 12-month revenue of $1.9B and EBITDA of $523M.

In the same period, Air Arabia generated $434M in LTM gross profit and $401M in net income.

See Air Arabia valuation multiples based on analyst estimates

Air Arabia P&L

In the most recent fiscal year, Air Arabia reported revenue of $1.8B and EBITDA of $636M.

Air Arabia expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Air Arabia valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$1.9B	XXX	$1.8B	XXX	XXX	XXX
Gross Profit	$434M	XXX	$426M	XXX	XXX	XXX
Gross Margin	23%	XXX	24%	XXX	XXX	XXX
EBITDA	$523M	XXX	$636M	XXX	XXX	XXX
EBITDA Margin	28%	XXX	35%	XXX	XXX	XXX
EBIT	$345M	XXX	$322M	XXX	XXX	XXX
EBIT Margin	18%	XXX	18%	XXX	XXX	XXX
Net Profit	$401M	XXX	$399M	XXX	XXX	XXX
Net Margin	21%	XXX	22%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Air Arabia including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $1.9B. EBITDA for the last twelve months was $523M. In the most recent fiscal year, Air Arabia achieved $1.8B in revenue and $636M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$1.9B	Analyst estimates available to subscribers	$1.8B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$434M	Analyst estimates available to subscribers	$426M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	22.9% gross margin	Analyst estimates available to subscribers	23.5% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$523M	Analyst estimates available to subscribers	$636M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	27.6% EBITDA margin	Analyst estimates available to subscribers	35.2% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$345M	Analyst estimates available to subscribers	$322M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	18.2% EBIT margin	Analyst estimates available to subscribers	17.8% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$401M	Analyst estimates available to subscribers	$399M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	21.1% net profit margin	Analyst estimates available to subscribers	22.1% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Air Arabia

This financial data table provides comprehensive performance metrics for Air Arabia, a company based in United Arab Emirates. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Air Arabia generated $1.9B in revenue over the last twelve months.
The company achieved $523M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $434M.
Net income over the last twelve months reached $401M.

Fiscal Year Performance

In the most recent fiscal year, Air Arabia reported $1.8B in total revenue.
Fiscal year EBITDA was $636M.
The company maintained a gross profit margin of 23.5% in the most recent fiscal year.
EBITDA margin for the fiscal year was 35.2%.
Net profit margin reached 22.1% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Air Arabia. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Air Arabia Stock Performance

Air Arabia has current market cap of AED 17.5B (or $4.8B), and EV of AED 14.7B (or $4.0B).

Market Cap Evolution

Air Arabia Stock Data

As of September 15, 2025, Air Arabia's stock price is AED 4 (or $1).

See Air Arabia trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$4.0B	$4.8B	XXX	XXX	XXX	XXX	$0.09

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Air Arabia Valuation Multiples

Air Arabia's trades at 2.2x EV/Revenue multiple, and 6.3x EV/EBITDA.

See valuation multiples for Air Arabia and 15K+ public comps

Air Arabia Financial Valuation Multiples

As of September 15, 2025, Air Arabia has market cap of $4.8B and EV of $4.0B.

Equity research analysts estimate Air Arabia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Air Arabia has a P/E ratio of 11.9x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$4.8B	XXX	$4.8B	XXX	XXX	XXX
EV (current)	$4.0B	XXX	$4.0B	XXX	XXX	XXX
EV/Revenue	2.1x	XXX	2.2x	XXX	XXX	XXX
EV/EBITDA	7.7x	XXX	6.3x	XXX	XXX	XXX
EV/EBIT	11.6x	XXX	12.4x	XXX	XXX	XXX
EV/Gross Profit	9.2x	XXX	n/a	XXX	XXX	XXX
P/E	11.9x	XXX	12.0x	XXX	XXX	XXX
EV/FCF	8.9x	XXX	8.7x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Air Arabia Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Air Arabia Margins & Growth Rates

Air Arabia's last 12 month revenue growth is 7%

Air Arabia's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $22K for the same period.

Air Arabia's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Air Arabia's rule of X is 46% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Air Arabia and other 15K+ public comps

Air Arabia Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	7%	XXX	7%	XXX	XXX	XXX
EBITDA Margin	28%	XXX	35%	XXX	XXX	XXX
EBITDA Growth	11%	XXX	-8%	XXX	XXX	XXX
Rule of 40	46%	XXX	43%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	46%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$22K	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	1%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	6%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial