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Finnair Valuation Multiples
Discover revenue and EBITDA valuation multiples for Finnair and similar public comparables like Capital A, Volaris, Frontier Airlines, Pakistan International Airlines and more.
Finnair Overview
About Finnair
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, also its support services include catering services, Aircraft maintenance, ground handling, and Airline training.
Founded
1923
HQ
Employees
5.5K
Website
Sectors
Financials (LTM)
EV
$2B
Finnair Financials
Finnair reported last 12-month revenue of $4B and EBITDA of $519M.
In the same LTM period, Finnair generated $519M in EBITDA and $43M in net income.
Revenue (LTM)
Finnair P&L
In the most recent fiscal year, Finnair reported revenue of $4B and EBITDA of $507M.
Finnair expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $328M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 9% | XXX | XXX | XXX |
| EBITDA | $519M | XXX | $507M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $43M | XXX | $22M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $562M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Finnair Stock Performance
Finnair has current market cap of $727M, and enterprise value of $2B.
Market Cap Evolution
Finnair's stock price is $3.55.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $727M | -0.3% | XXX | XXX | XXX | $0.11 |
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Start Free TrialFinnair Valuation Multiples
Finnair trades at 0.4x EV/Revenue multiple, and 3.0x EV/EBITDA.
EV / Revenue (LTM)
Finnair Financial Valuation Multiples
As of April 2, 2026, Finnair has market cap of $727M and EV of $2B.
Equity research analysts estimate Finnair's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Finnair has a P/E ratio of 16.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $727M | XXX | $727M | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 3.0x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBIT | 14.5x | XXX | 20.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.7x | XXX | XXX | XXX |
| P/E | 16.9x | XXX | 33.3x | XXX | XXX | XXX |
| EV/FCF | 9.3x | XXX | 6.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Finnair 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.
Finnair Margins & Growth Rates
Finnair's revenue in the last 12 month grew by 3%.
Finnair's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.0M for the same period.
Finnair's rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Finnair's rule of X is 33% (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).
Finnair Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 22% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Finnair Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Capital A | XXX | XXX | XXX | XXX | XXX | XXX |
| Volaris | XXX | XXX | XXX | XXX | XXX | XXX |
| Frontier Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Pakistan International Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Tigerair Taiwan | 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.
Finnair M&A Activity
Finnair acquired XXX companies to date.
Last acquisition by Finnair was on XXXXXXXX, XXXXX. Finnair acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Finnair
| 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 TrialFinnair Investment Activity
Finnair invested in XXX companies to date.
Finnair made its latest investment on XXXXXXXX, XXXXX. Finnair invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Finnair
| 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 Finnair
| When was Finnair founded? | Finnair was founded in 1923. |
| Where is Finnair headquartered? | Finnair is headquartered in Finland. |
| How many employees does Finnair have? | As of today, Finnair has over 5K employees. |
| Who is the CEO of Finnair? | Finnair's CEO is Turkka Kuusisto. |
| Is Finnair publicly listed? | Yes, Finnair is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Finnair? | Finnair trades under FIA1S ticker. |
| When did Finnair go public? | Finnair went public in 1989. |
| Who are competitors of Finnair? | Finnair main competitors are Capital A, Volaris, Frontier Airlines, Pakistan International Airlines. |
| What is the current market cap of Finnair? | Finnair's current market cap is $727M. |
| What is the current revenue of Finnair? | Finnair's last 12 months revenue is $4B. |
| What is the current revenue growth of Finnair? | Finnair revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Finnair? | Current revenue multiple of Finnair is 0.4x. |
| Is Finnair profitable? | Yes, Finnair is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Finnair? | Finnair's last 12 months EBITDA is $519M. |
| What is Finnair's EBITDA margin? | Finnair's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Finnair? | Current EBITDA multiple of Finnair is 3.0x. |
| What is the current FCF of Finnair? | Finnair's last 12 months FCF is $167M. |
| What is Finnair's FCF margin? | Finnair's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Finnair? | Current FCF multiple of Finnair is 9.3x. |
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