Air New Zealand - Public Comps and Valuation Multiples

Air New Zealand Overview

About Air New Zealand

Air New Zealand, majority owned by the New Zealand government, provides air passenger and cargo transport services within New Zealand as well as to and from Australia, the Southwest Pacific, Asia, North America, the United Kingdom, and South America. Air New Zealand also encompasses business units providing engineering and ground handling services. Air New Zealand dominates the local market with around 80% share, although the majority of revenue is derived from international and trans-Tasman activity.

Founded

1940

HQ

Employees

11.5K+

Website

airnewzealand.co.nz

Sectors

Airlines

Financials

LTM Revenue $3.9B

LTM EBITDA $509M

EV

$3.1B

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 New Zealand Financials

As of September 2025, Air New Zealand reported last 12-month revenue of $3.9B and EBITDA of $509M.

In the same period, Air New Zealand achieved $65.4M in LTM net income.

See Air New Zealand valuation multiples based on analyst estimates

Air New Zealand P&L

In the most recent fiscal year, Air New Zealand reported revenue of $3.9B and EBITDA of $609M.

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

See Air New Zealand valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$3.9B	XXX	$3.9B	XXX	XXX	XXX
Gross Profit	n/a	XXX	$3.0B	XXX	XXX	XXX
Gross Margin	n/a	XXX	78%	XXX	XXX	XXX
EBITDA	$509M	XXX	$609M	XXX	XXX	XXX
EBITDA Margin	13%	XXX	16%	XXX	XXX	XXX
EBIT	$82.4M	XXX	$99.5M	XXX	XXX	XXX
EBIT Margin	2%	XXX	3%	XXX	XXX	XXX
Net Profit	$65.4M	XXX	$72.0M	XXX	XXX	XXX
Net Margin	2%	XXX	2%	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 New Zealand including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $3.9B. EBITDA for the last twelve months was $509M. In the most recent fiscal year, Air New Zealand achieved $3.9B in revenue and $609M 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	$3.9B	Analyst estimates available to subscribers	$3.9B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	n/a	Analyst estimates available to subscribers	$3.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	n/a	Analyst estimates available to subscribers	78.0% 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)	$509M	Analyst estimates available to subscribers	$609M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	13.1% EBITDA margin	Analyst estimates available to subscribers	15.8% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$82.4M	Analyst estimates available to subscribers	$99.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	2.1% EBIT margin	Analyst estimates available to subscribers	2.6% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$65.4M	Analyst estimates available to subscribers	$72.0M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	1.7% net profit margin	Analyst estimates available to subscribers	1.9% 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 New Zealand

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

Recent Performance Highlights

Air New Zealand generated $3.9B in revenue over the last twelve months.
The company achieved $509M in EBITDA over the last twelve months.
Net income over the last twelve months reached $65.4M.

Fiscal Year Performance

In the most recent fiscal year, Air New Zealand reported $3.9B in total revenue.
Fiscal year EBITDA was $609M.
The company maintained a gross profit margin of 78.0% in the most recent fiscal year.
EBITDA margin for the fiscal year was 15.8%.
Net profit margin reached 1.9% in the most recent fiscal year.

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

Air New Zealand Stock Performance

Air New Zealand has current market cap of NZD 3.9B (or $2.3B), and EV of NZD 5.3B (or $3.1B).

Market Cap Evolution

Air New Zealand Stock Data

As of October 17, 2025, Air New Zealand's stock price is NZD 1 (or $1).

See Air New Zealand trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$3.1B	$2.3B	XXX	XXX	XXX	XXX	$0.02

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 New Zealand Valuation Multiples

Air New Zealand's trades at 0.8x EV/Revenue multiple, and 4.9x EV/EBITDA.

See valuation multiples for Air New Zealand and 15K+ public comps

Air New Zealand Financial Valuation Multiples

As of October 17, 2025, Air New Zealand has market cap of $2.3B and EV of $3.1B.

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

Air New Zealand has a P/E ratio of 34.4x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$2.3B	XXX	$2.3B	XXX	XXX	XXX
EV (current)	$3.1B	XXX	$3.1B	XXX	XXX	XXX
EV/Revenue	0.8x	XXX	0.8x	XXX	XXX	XXX
EV/EBITDA	6.0x	XXX	4.9x	XXX	XXX	XXX
EV/EBIT	37.0x	XXX	26.6x	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	34.4x	XXX	28.9x	XXX	XXX	XXX
EV/FCF	26.2x	XXX	59.6x	XXX	XXX	XXX

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

Get Air New Zealand 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 New Zealand Margins & Growth Rates

Air New Zealand's last 12 month revenue growth is 4%

Air New Zealand's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.

Air New Zealand's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Air New Zealand's rule of X is 23% (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 New Zealand and other 15K+ public comps

Air New Zealand Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	4%	XXX	3%	XXX	XXX	XXX
EBITDA Margin	13%	XXX	16%	XXX	XXX	XXX
EBITDA Growth	13%	XXX	-2%	XXX	XXX	XXX
Rule of 40	20%	XXX	20%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	23%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	5%	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	75%	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