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Air Liquide Valuation Multiples
Discover revenue and EBITDA valuation multiples for Air Liquide and similar public comparables like Mitsubishi, Mitsubishi Heavy Industries, Parker Hannifin, Howmet Aerospace and more.
Air Liquide Overview
About Air Liquide
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
Founded
1902
HQ
Employees
66.5K
Website
Financials (LTM)
EV
$129B
Air Liquide Financials
Air Liquide reported last 12-month revenue of $32B and EBITDA of $10B.
In the same LTM period, Air Liquide generated $20B in gross profit, $10B in EBITDA, and $4B in net income.
Revenue (LTM)
Air Liquide P&L
In the most recent fiscal year, Air Liquide reported revenue of $32B and EBITDA of $9B.
Air Liquide expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $32B | XXX | $32B | XXX | XXX | XXX |
| Gross Profit | $20B | XXX | $20B | XXX | XXX | XXX |
| Gross Margin | 63% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $10B | XXX | $9B | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Air Liquide Stock Performance
Air Liquide has current market cap of $118B, and enterprise value of $129B.
Market Cap Evolution
Air Liquide's stock price is $204.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $129B | $118B | 0.0% | XXX | XXX | XXX | $7.17 |
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Start Free TrialAir Liquide Valuation Multiples
Air Liquide trades at 4.1x EV/Revenue multiple, and 13.5x EV/EBITDA.
EV / Revenue (LTM)
Air Liquide Financial Valuation Multiples
As of March 9, 2026, Air Liquide has market cap of $118B and EV of $129B.
Equity research analysts estimate Air Liquide's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Air Liquide has a P/E ratio of 27.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $118B | XXX | $118B | XXX | XXX | XXX |
| EV (current) | $129B | XXX | $129B | XXX | XXX | XXX |
| EV/Revenue | 4.1x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 13.5x | XXX | 13.6x | XXX | XXX | XXX |
| EV/EBIT | 19.5x | XXX | 19.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.4x | XXX | 6.4x | XXX | XXX | XXX |
| P/E | 27.8x | XXX | 28.5x | XXX | XXX | XXX |
| EV/FCF | 39.7x | XXX | 39.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Air Liquide 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 Liquide Margins & Growth Rates
Air Liquide's revenue in the last 12 month grew by 3%.
Air Liquide's revenue per employee in the last FY averaged $0.5M.
Air Liquide's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Air Liquide's rule of X is 36% (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 Liquide Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 43% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Air Liquide Public Comps
See public comps and valuation multiples for other Industrial Parts and Advanced Materials comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mitsubishi | XXX | XXX | XXX | XXX | XXX | XXX |
| Mitsubishi Heavy Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| Parker Hannifin | XXX | XXX | XXX | XXX | XXX | XXX |
| Howmet Aerospace | XXX | XXX | XXX | XXX | XXX | XXX |
| Vertiv | 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 Liquide M&A Activity
Air Liquide acquired XXX companies to date.
Last acquisition by Air Liquide was on XXXXXXXX, XXXXX. Air Liquide acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Air Liquide
| 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 Liquide Investment Activity
Air Liquide invested in XXX companies to date.
Air Liquide made its latest investment on XXXXXXXX, XXXXX. Air Liquide invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Air Liquide
| 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 Liquide
| When was Air Liquide founded? | Air Liquide was founded in 1902. |
| Where is Air Liquide headquartered? | Air Liquide is headquartered in France. |
| How many employees does Air Liquide have? | As of today, Air Liquide has over 66K employees. |
| Who is the CEO of Air Liquide? | Air Liquide's CEO is Francois Jackow. |
| Is Air Liquide publicly listed? | Yes, Air Liquide is a public company listed on Euronext Paris. |
| What is the stock symbol of Air Liquide? | Air Liquide trades under AI ticker. |
| When did Air Liquide go public? | Air Liquide went public in 1989. |
| Who are competitors of Air Liquide? | Air Liquide main competitors are Mitsubishi, Mitsubishi Heavy Industries, Parker Hannifin, Howmet Aerospace. |
| What is the current market cap of Air Liquide? | Air Liquide's current market cap is $118B. |
| What is the current revenue of Air Liquide? | Air Liquide's last 12 months revenue is $32B. |
| What is the current revenue growth of Air Liquide? | Air Liquide revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Air Liquide? | Current revenue multiple of Air Liquide is 4.1x. |
| Is Air Liquide profitable? | Yes, Air Liquide is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Air Liquide? | Air Liquide's last 12 months EBITDA is $10B. |
| What is Air Liquide's EBITDA margin? | Air Liquide's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Air Liquide? | Current EBITDA multiple of Air Liquide is 13.5x. |
| What is the current FCF of Air Liquide? | Air Liquide's last 12 months FCF is $3B. |
| What is Air Liquide's FCF margin? | Air Liquide's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Air Liquide? | Current FCF multiple of Air Liquide is 39.7x. |
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