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GOL Airlines Valuation Multiples
Discover revenue and EBITDA valuation multiples for GOL Airlines and similar public comparables like IndiGo, Air China, China Eastern Airlines, China Southern Airlines and more.
GOL Airlines Overview
About GOL Airlines
Gol Linhas Aereas Inteligentes SA is a Brazilian airline company. It operates in two segments, flight transportation which offers air transportation services and the smiles loyalty program segment which includes redemption of miles traveled for purchasing flight tickets. The company's revenue derives from transporting passengers on aircraft. The company operates both domestic and international flights from which the majority of revenues come in from domestic operations.
Founded
2004
HQ

Employees
14.4K
Website
Sectors
Financials (FY)
EV
$24B
GOL Airlines Financials
GOL Airlines reported last fiscal year revenue of $4B and EBITDA of $294M.
In the same fiscal year, GOL Airlines generated $1B in gross profit, $294M in EBITDA, and had net loss of ($725M).
Revenue (LTM)
GOL Airlines P&L
In the most recent fiscal year, GOL Airlines reported revenue of $4B and EBITDA of $294M.
GOL 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 | $4B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 30% | XXX | XXX | XXX |
| EBITDA | — | XXX | $294M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 4% | XXX | XXX | XXX |
| Net Profit | — | XXX | ($725M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (20%) | XXX | XXX | XXX |
| Net Debt | — | — | $4B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
GOL Airlines Stock Performance
GOL Airlines has current market cap of $20B, and enterprise value of $24B.
Market Cap Evolution
GOL Airlines' stock price is $2.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $24B | $20B | (0.6%) | XXX | XXX | XXX | $-0.08 |
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Start Free TrialGOL Airlines Valuation Multiples
GOL Airlines trades at 6.7x EV/Revenue multiple, and 83.0x EV/EBITDA.
EV / Revenue (LTM)
GOL Airlines Financial Valuation Multiples
As of March 7, 2026, GOL Airlines has market cap of $20B and EV of $24B.
Equity research analysts estimate GOL Airlines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
GOL Airlines has a P/E ratio of (27.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 83.0x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 157.3x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 22.3x | XXX | XXX | XXX |
| P/E | — | XXX | (27.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 44.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified GOL 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.


GOL Airlines Margins & Growth Rates
GOL Airlines' revenue in the last fiscal year grew by 2%.
GOL Airlines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (121%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
GOL Airlines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IndiGo | XXX | XXX | XXX | XXX | XXX | XXX |
| Air China | XXX | XXX | XXX | XXX | XXX | XXX |
| China Eastern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| China Southern Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore 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.
GOL Airlines M&A Activity
GOL Airlines acquired XXX companies to date.
Last acquisition by GOL Airlines was on XXXXXXXX, XXXXX. GOL Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by GOL 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 TrialGOL Airlines Investment Activity
GOL Airlines invested in XXX companies to date.
GOL Airlines made its latest investment on XXXXXXXX, XXXXX. GOL Airlines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by GOL 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 GOL Airlines
| When was GOL Airlines founded? | GOL Airlines was founded in 2004. |
| Where is GOL Airlines headquartered? | GOL Airlines is headquartered in Brazil. |
| How many employees does GOL Airlines have? | As of today, GOL Airlines has over 14K employees. |
| Is GOL Airlines publicly listed? | Yes, GOL Airlines is a public company listed on B3. |
| What is the stock symbol of GOL Airlines? | GOL Airlines trades under GOLL54 ticker. |
| When did GOL Airlines go public? | GOL Airlines went public in 2004. |
| Who are competitors of GOL Airlines? | GOL Airlines main competitors are IndiGo, Air China, China Eastern Airlines, China Southern Airlines. |
| What is the current market cap of GOL Airlines? | GOL Airlines' current market cap is $20B. |
| What is the current revenue of GOL Airlines? | GOL Airlines' last fiscal year revenue is $4B. |
| What is the current EV/Revenue multiple of GOL Airlines? | Current revenue multiple of GOL Airlines is 6.7x. |
| Is GOL Airlines profitable? | No, GOL Airlines is not profitable. |
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