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- Air Canada
Air Canada Valuation Multiples
Discover revenue and EBITDA valuation multiples for Air Canada and similar public comparables like VietJet Air, SkyWest, Juneyao Airlines, easyJet and more.
Air Canada Overview
About Air Canada
Air Canada is Canada's largest airline, serving nearly 50 million passengers each year, together with its low-cost subbrand, Rouge, and contracts for regional connection flights into its network. Air Canada is a sixth-freedom airline, which flies many passengers on long-haul trips to and from the US with a layover in Canada.
Founded
1937
HQ

Employees
35.7K
Website
Sectors
Financials (LTM)
EV
$8B
Air Canada Financials
Air Canada reported last 12-month revenue of $17B and EBITDA of $2B.
In the same LTM period, Air Canada generated $2B in EBITDA and $407M in net income.
Revenue (LTM)
Air Canada P&L
In the most recent fiscal year, Air Canada reported revenue of $16B and EBITDA of $2B.
Air Canada expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | $407M | XXX | $472M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Air Canada Stock Performance
Air Canada has current market cap of $4B, and enterprise value of $8B.
Market Cap Evolution
Air Canada's stock price is $13.76.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $4B | -0.5% | XXX | XXX | XXX | $1.60 |
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Start Free TrialAir Canada Valuation Multiples
Air Canada trades at 0.5x EV/Revenue multiple, and 3.7x EV/EBITDA.
EV / Revenue (LTM)
Air Canada Financial Valuation Multiples
As of April 20, 2026, Air Canada has market cap of $4B and EV of $8B.
Equity research analysts estimate Air Canada's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air Canada has a P/E ratio of 10.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 0.5x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 3.7x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBIT | 11.8x | XXX | 11.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.2x | XXX | XXX | XXX |
| P/E | 10.0x | XXX | 8.6x | XXX | XXX | XXX |
| EV/FCF | 24.4x | XXX | 15.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Air Canada 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.


Air Canada Margins & Growth Rates
Air Canada's revenue in the last 12 month grew by 8%.
Air Canada's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Air Canada's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air Canada's rule of X is 37% (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).
Air Canada Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | (8%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 37% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Air Canada Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Air Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| VietJet Air | XXX | XXX | XXX | XXX | XXX | XXX |
| SkyWest | XXX | XXX | XXX | XXX | XXX | XXX |
| Juneyao Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| easyJet | XXX | XXX | XXX | XXX | XXX | XXX |
| China Airlines | 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.
Air Canada M&A Activity
Air Canada acquired XXX companies to date.
Last acquisition by Air Canada was on XXXXXXXX, XXXXX. Air Canada acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Air Canada
| 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 TrialAir Canada Investment Activity
Air Canada invested in XXX companies to date.
Air Canada made its latest investment on XXXXXXXX, XXXXX. Air Canada invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Air Canada
| 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 Air Canada
| When was Air Canada founded? | Air Canada was founded in 1937. |
| Where is Air Canada headquartered? | Air Canada is headquartered in Canada. |
| How many employees does Air Canada have? | As of today, Air Canada has over 35K employees. |
| Who is the CEO of Air Canada? | Air Canada's CEO is Michael S. Rousseau. |
| Is Air Canada publicly listed? | Yes, Air Canada is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Air Canada? | Air Canada trades under AC ticker. |
| When did Air Canada go public? | Air Canada went public in 2006. |
| Who are competitors of Air Canada? | Air Canada main competitors are VietJet Air, SkyWest, Juneyao Airlines, easyJet. |
| What is the current market cap of Air Canada? | Air Canada's current market cap is $4B. |
| What is the current revenue of Air Canada? | Air Canada's last 12 months revenue is $17B. |
| What is the current revenue growth of Air Canada? | Air Canada revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Air Canada? | Current revenue multiple of Air Canada is 0.5x. |
| Is Air Canada profitable? | Yes, Air Canada is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air Canada? | Air Canada's last 12 months EBITDA is $2B. |
| What is Air Canada's EBITDA margin? | Air Canada's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Air Canada? | Current EBITDA multiple of Air Canada is 3.7x. |
| What is the current FCF of Air Canada? | Air Canada's last 12 months FCF is $346M. |
| What is Air Canada's FCF margin? | Air Canada's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Air Canada? | Current FCF multiple of Air Canada is 24.4x. |
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