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Croatia Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Croatia Airlines and similar public comparables like Asia Aviation, Chorus Aviation, Pakistan International Airlines, Cebu Air and more.
Croatia Airlines Overview
About Croatia Airlines
Croatia Airlines DD is an airline transportation service provider in Croatia. Its operations consist of light and cabin operations, traffic training center, operations center, operations engineering, crew plan, ground operations, traffic administrative support, and traffic quality and operations safety management. The company offers both scheduled services as well as charter services, and the scheduled services earn majority revenues. Geographically, it has a presence in Croatia, Germany, USA, France, Great Britain, and Other countries.
Founded
1989
HQ

Employees
1.0K
Website
Sectors
Financials (FY)
EV
$692M
Croatia Airlines Financials
Croatia Airlines reported last fiscal year revenue of $280M and EBITDA of $11M.
In the same fiscal year, Croatia Airlines generated ($47M) in gross profit, $11M in EBITDA, and had net loss of ($45M).
Croatia Airlines P&L
In the most recent fiscal year, Croatia Airlines reported revenue of $280M and EBITDA of $11M.
Croatia Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $280M | XXX | XXX | XXX |
| Gross Profit | — | XXX | ($47M) | XXX | XXX | XXX |
| Gross Margin | — | XXX | (17%) | XXX | XXX | XXX |
| EBITDA | — | XXX | $11M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 4% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (15%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($45M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (16%) | XXX | XXX | XXX |
| Net Debt | — | — | $263M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Croatia Airlines Stock Performance
Croatia Airlines has current market cap of $429M, and enterprise value of $692M.
Market Cap Evolution
Croatia Airlines' stock price is $4.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $692M | $429M | -0.1% | XXX | XXX | XXX | $-0.49 |
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Start Free TrialCroatia Airlines Valuation Multiples
Croatia Airlines trades at 2.5x EV/Revenue multiple, and 62.4x EV/EBITDA.
Croatia Airlines Financial Valuation Multiples
As of April 20, 2026, Croatia Airlines has market cap of $429M and EV of $692M.
Equity research analysts estimate Croatia Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Croatia Airlines has a P/E ratio of (9.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $429M | XXX | $429M | XXX | XXX | XXX |
| EV (current) | $692M | XXX | $692M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 62.4x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (16.4x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | (14.7x) | XXX | XXX | XXX |
| P/E | — | XXX | (9.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (217.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Croatia Airlines 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.


Croatia Airlines Margins & Growth Rates
Croatia Airlines' revenue in the last fiscal year grew by 0%.
Croatia Airlines' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $-0.0M for the same period.
Croatia Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $-0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | (2%) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Croatia Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Croatia Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Chorus Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Pakistan International Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Cebu Air | XXX | XXX | XXX | XXX | XXX | XXX |
| Capital A | 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.
Croatia Airlines M&A Activity
Croatia Airlines acquired XXX companies to date.
Last acquisition by Croatia Airlines was on XXXXXXXX, XXXXX. Croatia Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Croatia Airlines
| 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 TrialCroatia Airlines Investment Activity
Croatia Airlines invested in XXX companies to date.
Croatia Airlines made its latest investment on XXXXXXXX, XXXXX. Croatia Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Croatia Airlines
| 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 Croatia Airlines
| When was Croatia Airlines founded? | Croatia Airlines was founded in 1989. |
| Where is Croatia Airlines headquartered? | Croatia Airlines is headquartered in Croatia. |
| How many employees does Croatia Airlines have? | As of today, Croatia Airlines has over 1K employees. |
| Is Croatia Airlines publicly listed? | Yes, Croatia Airlines is a public company listed on Zagreb Stock Exchange. |
| What is the stock symbol of Croatia Airlines? | Croatia Airlines trades under CRAL ticker. |
| When did Croatia Airlines go public? | Croatia Airlines went public in 2003. |
| Who are competitors of Croatia Airlines? | Croatia Airlines main competitors are Asia Aviation, Chorus Aviation, Pakistan International Airlines, Cebu Air. |
| What is the current market cap of Croatia Airlines? | Croatia Airlines' current market cap is $429M. |
| What is the current revenue of Croatia Airlines? | Croatia Airlines' last fiscal year revenue is $280M. |
| What is the current EV/Revenue multiple of Croatia Airlines? | Current revenue multiple of Croatia Airlines is 2.5x. |
| Is Croatia Airlines profitable? | No, Croatia Airlines is not profitable. |
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