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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 $19.4B
LTM EBITDA $2.2B
$25.3B
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Leonardo has a last 12-month revenue of $19.4B and a last 12-month EBITDA of $2.2B.
In the most recent fiscal year, Leonardo achieved revenue of $19.1B and an EBITDA of $2.4B.
Leonardo expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Leonardo valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $16.4B | $19.1B | XXX | XXX | XXX |
| Gross Profit | $1.7B | $1.8B | XXX | XXX | XXX |
| Gross Margin | 10% | 9% | XXX | XXX | XXX |
| EBITDA | $1.7B | $2.4B | XXX | XXX | XXX |
| EBITDA Margin | 10% | 13% | XXX | XXX | XXX |
| Net Profit | $996M | $707M | XXX | XXX | XXX |
| Net Margin | 6% | 4% | XXX | XXX | XXX |
| Net Debt | $1.6B | $2.1B | XXX | XXX | XXX |
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As of April 15, 2025, Leonardo's stock price is EUR 44 (or $47).
Leonardo has current market cap of EUR 25.5B (or $27.4B), and EV of EUR 23.6B (or $25.3B).
See Leonardo trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25.3B | $27.4B | XXX | XXX | XXX | XXX | $1.79 |
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Sign UpAs of April 15, 2025, Leonardo has market cap of $27.4B and EV of $25.3B.
Leonardo's trades at 1.3x LTM EV/Revenue multiple, and 11.4x LTM EBITDA.
Analysts estimate Leonardo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Leonardo and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $25.3B | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 10.5x | XXX | XXX | XXX |
| P/E | 23.7x | XXX | XXX | XXX |
| P/E/Growth | 4.5x | XXX | XXX | XXX |
| EV/FCF | 36.5x | 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.
Sign UpLeonardo's NTM/LTM revenue growth is 6%
Leonardo's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $14K for the same period.
Over next 12 months, Leonardo's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Leonardo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Leonardo and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 46% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 19% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $14K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 4% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Droneshield | 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 |
| Data Patterns (India) | 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 |
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Sign Up| 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, Apollo Micro Systems, Hindustan Aeronautics, Paras Defence & Space. |
| What is the current market cap of Leonardo? | Leonardo's current market cap is $27.4B |
| What is the current revenue of Leonardo? | Leonardo's last 12-month revenue is $19.4B. |
| What is the current EBITDA of Leonardo? | Leonardo's last 12-month EBITDA is $2.2B. |
| What is the current EV/Revenue multiple of Leonardo? | Current revenue multiple of Leonardo is 1.3x. |
| What is the current EV/EBITDA multiple of Leonardo? | Current EBITDA multiple of Leonardo is 11.4x. |
| What is the current revenue growth of Leonardo? | Leonardo revenue growth between 2023 and 2024 was 16%. |
| Is Leonardo profitable? | Yes, Leonardo is EBITDA-positive (as of the last 12 months). |
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