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Leonardo is one of the largest European defense firms, with 30% of its shares owned by the Italian government. The group’s divisions include helicopters; defense, electronics, and security systems; and aeronautics. The helicopter division serves both military and civil markets through AgustaWestland. DES has access to the US defense market through the DRS subsidiary. The aeronautics division cooperates in international programs, such as Eurofighter Typhoon, F-35, and the new Tempest, and supplies aerostructures to large commercial aircraft programs.
1948
53.6K+
LTM Revenue $20.5B
LTM EBITDA $2.5B
$33.7B
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Leonardo has a last 12-month revenue (LTM) of $20.5B and a last 12-month EBITDA of $2.5B.
In the most recent fiscal year, Leonardo achieved revenue of $20.0B and an EBITDA of $2.5B.
Leonardo expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Leonardo valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $20.5B | XXX | $20.0B | XXX | XXX | XXX |
| Gross Profit | $2.8B | XXX | $2.3B | XXX | XXX | XXX |
| Gross Margin | 13% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| EBIT | $1.6B | XXX | $1.5B | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $1.7B | XXX | XXX | XXX |
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As of May 30, 2025, Leonardo's stock price is EUR 54 (or $61).
Leonardo has current market cap of EUR 31.3B (or $35.1B), and EV of EUR 30.0B (or $33.7B).
See Leonardo trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $33.7B | $35.1B | XXX | XXX | XXX | XXX | $1.96 |
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Start Free TrialAs of May 30, 2025, Leonardo has market cap of $35.1B and EV of $33.7B.
Leonardo's trades at 1.7x EV/Revenue multiple, and 13.3x EV/EBITDA.
Equity research analysts estimate Leonardo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Leonardo has a P/E ratio of 30.0x.
See valuation multiples for Leonardo and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $35.1B | XXX | $35.1B | XXX | XXX | XXX |
| EV (current) | $33.7B | XXX | $33.7B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 13.5x | XXX | 13.3x | XXX | XXX | XXX |
| EV/EBIT | 21.2x | XXX | 22.9x | XXX | XXX | XXX |
| EV/Gross Profit | 12.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 30.0x | XXX | 29.1x | XXX | XXX | XXX |
| EV/FCF | 36.4x | XXX | 46.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialLeonardo's last 12 month revenue growth is 7%
Leonardo's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $15K for the same period.
Leonardo's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Leonardo's rule of X is 30% (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 Leonardo and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | 17% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $15K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | 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 | 4% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Droneshield | XXX | XXX | XXX | XXX | XXX | XXX |
| Nordic Unmanned | XXX | XXX | XXX | XXX | XXX | XXX |
| Apollo Micro Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Hindustan Aeronautics | XXX | XXX | XXX | XXX | XXX | XXX |
| Paras Defence & Space | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Leonardo acquired XXX companies to date.
Last acquisition by Leonardo was XXXXXXXX, XXXXX XXXXX XXXXXX . Leonardo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Leonardo founded? | Leonardo was founded in 1948. |
| Where is Leonardo headquartered? | Leonardo is headquartered in Italy. |
| How many employees does Leonardo have? | As of today, Leonardo has 53.6K+ employees. |
| Who is the CEO of Leonardo? | Leonardo's CEO is Mr. Roberto Cingolani. |
| Is Leonardo publicy listed? | Yes, Leonardo is a public company listed on MIL. |
| What is the stock symbol of Leonardo? | Leonardo trades under LDO ticker. |
| When did Leonardo go public? | Leonardo went public in 2005. |
| Who are competitors of Leonardo? | Similar companies to Leonardo include e.g. Droneshield, Nordic Unmanned, Apollo Micro Systems, Hindustan Aeronautics. |
| What is the current market cap of Leonardo? | Leonardo's current market cap is $35.1B |
| What is the current revenue of Leonardo? | Leonardo's last 12 months revenue is $20.5B. |
| What is the current revenue growth of Leonardo? | Leonardo revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Leonardo? | Current revenue multiple of Leonardo is 1.6x. |
| Is Leonardo profitable? | Yes, Leonardo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Leonardo? | Leonardo's last 12 months EBITDA is $2.5B. |
| What is Leonardo's EBITDA margin? | Leonardo's last 12 months EBITDA margin is 12%. |
| What is the current EV/EBITDA multiple of Leonardo? | Current EBITDA multiple of Leonardo is 13.5x. |
| What is the current FCF of Leonardo? | Leonardo's last 12 months FCF is $926M. |
| What is Leonardo's FCF margin? | Leonardo's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Leonardo? | Current FCF multiple of Leonardo is 36.4x. |
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