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Cathay Pacific Airways Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cathay Pacific Airways and similar public comparables like Hainan Airlines, American Airlines, Qantas Airways, ANA Holdings and more.
Cathay Pacific Airways Overview
About Cathay Pacific Airways
Cathay Pacific is the largest airline group in Hong Kong. It operated a fleet of 236 aircraft as of December 2025 and will fly to over 100 destinations in 2025. Cathay carried more than 35 million passengers in prepandemic 2019. The group operates the full-service airline Cathay Pacific and the low-cost carrier HK Express. It also runs the cargo carrier Air Hong Kong.
Founded
1946
HQ

Employees
30.0K
Website
Sectors
Financials (LTM)
EV
$15B
Cathay Pacific Airways Financials
Cathay Pacific Airways reported last 12-month revenue of $15B and EBITDA of $3B.
In the same LTM period, Cathay Pacific Airways generated $2B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Cathay Pacific Airways P&L
In the most recent fiscal year, Cathay Pacific Airways reported revenue of $15B and EBITDA of $3B.
Cathay Pacific Airways expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 11% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cathay Pacific Airways Stock Performance
Cathay Pacific Airways has current market cap of $9B, and enterprise value of $15B.
Market Cap Evolution
Cathay Pacific Airways' stock price is $1.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $9B | 0.0% | XXX | XXX | XXX | $0.23 |
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Start Free TrialCathay Pacific Airways Valuation Multiples
Cathay Pacific Airways trades at 1.0x EV/Revenue multiple, and 4.6x EV/EBITDA.
EV / Revenue (LTM)
Cathay Pacific Airways Financial Valuation Multiples
As of April 20, 2026, Cathay Pacific Airways has market cap of $9B and EV of $15B.
Equity research analysts estimate Cathay Pacific Airways' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cathay Pacific Airways has a P/E ratio of 7.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 4.6x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBIT | 8.9x | XXX | 8.4x | XXX | XXX | XXX |
| EV/Gross Profit | 9.1x | XXX | 5.7x | XXX | XXX | XXX |
| P/E | 7.0x | XXX | 6.5x | XXX | XXX | XXX |
| EV/FCF | 9.7x | XXX | 7.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cathay Pacific Airways 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.


Cathay Pacific Airways Margins & Growth Rates
Cathay Pacific Airways' revenue in the last 12 month grew by 5%.
Cathay Pacific Airways' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.0M for the same period.
Cathay Pacific Airways' rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cathay Pacific Airways' 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).
Cathay Pacific Airways Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | (4%) | XXX | (11%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | 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 | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 20% | XXX | 20% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cathay Pacific Airways Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cathay Pacific Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Hainan Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| American Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| ANA Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Turkish 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.
Cathay Pacific Airways M&A Activity
Cathay Pacific Airways acquired XXX companies to date.
Last acquisition by Cathay Pacific Airways was on XXXXXXXX, XXXXX. Cathay Pacific Airways acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cathay Pacific Airways
| 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 TrialCathay Pacific Airways Investment Activity
Cathay Pacific Airways invested in XXX companies to date.
Cathay Pacific Airways made its latest investment on XXXXXXXX, XXXXX. Cathay Pacific Airways invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cathay Pacific Airways
| 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 Cathay Pacific Airways
| When was Cathay Pacific Airways founded? | Cathay Pacific Airways was founded in 1946. |
| Where is Cathay Pacific Airways headquartered? | Cathay Pacific Airways is headquartered in Hong Kong. |
| How many employees does Cathay Pacific Airways have? | As of today, Cathay Pacific Airways has over 30K employees. |
| Who is the CEO of Cathay Pacific Airways? | Cathay Pacific Airways' CEO is Siu Por Ronald Lam. |
| Is Cathay Pacific Airways publicly listed? | Yes, Cathay Pacific Airways is a public company listed on HKEX. |
| What is the stock symbol of Cathay Pacific Airways? | Cathay Pacific Airways trades under 00293 ticker. |
| When did Cathay Pacific Airways go public? | Cathay Pacific Airways went public in 1986. |
| Who are competitors of Cathay Pacific Airways? | Cathay Pacific Airways main competitors are Hainan Airlines, American Airlines, Qantas Airways, ANA Holdings. |
| What is the current market cap of Cathay Pacific Airways? | Cathay Pacific Airways' current market cap is $9B. |
| What is the current revenue of Cathay Pacific Airways? | Cathay Pacific Airways' last 12 months revenue is $15B. |
| What is the current revenue growth of Cathay Pacific Airways? | Cathay Pacific Airways revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Cathay Pacific Airways? | Current revenue multiple of Cathay Pacific Airways is 1.0x. |
| Is Cathay Pacific Airways profitable? | Yes, Cathay Pacific Airways is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cathay Pacific Airways? | Cathay Pacific Airways' last 12 months EBITDA is $3B. |
| What is Cathay Pacific Airways' EBITDA margin? | Cathay Pacific Airways' last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Cathay Pacific Airways? | Current EBITDA multiple of Cathay Pacific Airways is 4.6x. |
| What is the current FCF of Cathay Pacific Airways? | Cathay Pacific Airways' last 12 months FCF is $2B. |
| What is Cathay Pacific Airways' FCF margin? | Cathay Pacific Airways' last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Cathay Pacific Airways? | Current FCF multiple of Cathay Pacific Airways is 9.7x. |
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