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- Qantas Airways
Qantas Airways Valuation Multiples
Discover revenue and EBITDA valuation multiples for Qantas Airways and similar public comparables like Hainan Airlines, Cathay Pacific Airways, ANA Holdings, Turkish Airlines and more.
Qantas Airways Overview
About Qantas Airways
Qantas Airways is Australia's largest domestic airline with typically a two thirds market share, effectively competing in a duopoly with Virgin. The company operates a multibrand strategy, with low-cost carrier Jetstar complementing the full-service Qantas brand. Its frequent-flyer loyalty program continues to expand with new partnerships, which are integral to retaining customer loyalty for its core airline business.
Founded
1934
HQ

Employees
25.7K
Website
Sectors
Financials (LTM)
EV
$14B
Qantas Airways Financials
Qantas Airways reported last 12-month revenue of $17B and EBITDA of $3B.
In the same LTM period, Qantas Airways generated $4B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Qantas Airways P&L
In the most recent fiscal year, Qantas Airways reported revenue of $16B and EBITDA of $3B.
Qantas Airways expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17B | XXX | $16B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 25% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Qantas Airways Stock Performance
Qantas Airways has current market cap of $10B, and enterprise value of $14B.
Market Cap Evolution
Qantas Airways' stock price is $6.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14B | $10B | 0.0% | XXX | XXX | XXX | $0.75 |
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Start Free TrialQantas Airways Valuation Multiples
Qantas Airways trades at 0.8x EV/Revenue multiple, and 4.3x EV/EBITDA.
EV / Revenue (LTM)
Qantas Airways Financial Valuation Multiples
As of March 9, 2026, Qantas Airways has market cap of $10B and EV of $14B.
Equity research analysts estimate Qantas Airways' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Qantas Airways has a P/E ratio of 8.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $14B | XXX | $14B | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.9x | XXX | XXX | XXX |
| EV/EBITDA | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBIT | 7.6x | XXX | 8.4x | XXX | XXX | XXX |
| EV/Gross Profit | 3.4x | XXX | 1.6x | XXX | XXX | XXX |
| P/E | 8.4x | XXX | 8.9x | XXX | XXX | XXX |
| EV/FCF | 396.8x | XXX | 45.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Qantas Airways 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.


Qantas Airways Margins & Growth Rates
Qantas Airways' revenue in the last 12 month grew by 8%.
Qantas Airways' revenue per employee in the last FY averaged $0.7M.
Qantas Airways' rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Qantas Airways' rule of X is 39% (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).
Qantas Airways Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 26% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 46% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Qantas Airways Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hainan Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Cathay Pacific Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| ANA Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Turkish Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Japan 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.
Qantas Airways M&A Activity
Qantas Airways acquired XXX companies to date.
Last acquisition by Qantas Airways was on XXXXXXXX, XXXXX. Qantas Airways acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Qantas Airways
| 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 TrialQantas Airways Investment Activity
Qantas Airways invested in XXX companies to date.
Qantas Airways made its latest investment on XXXXXXXX, XXXXX. Qantas Airways invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Qantas Airways
| 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 Qantas Airways
| When was Qantas Airways founded? | Qantas Airways was founded in 1934. |
| Where is Qantas Airways headquartered? | Qantas Airways is headquartered in Australia. |
| How many employees does Qantas Airways have? | As of today, Qantas Airways has over 25K employees. |
| Who is the CEO of Qantas Airways? | Qantas Airways' CEO is Vanessa Hudson. |
| Is Qantas Airways publicly listed? | Yes, Qantas Airways is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Qantas Airways? | Qantas Airways trades under QAN ticker. |
| When did Qantas Airways go public? | Qantas Airways went public in 1995. |
| Who are competitors of Qantas Airways? | Qantas Airways main competitors are Hainan Airlines, Cathay Pacific Airways, ANA Holdings, Turkish Airlines. |
| What is the current market cap of Qantas Airways? | Qantas Airways' current market cap is $10B. |
| What is the current revenue of Qantas Airways? | Qantas Airways' last 12 months revenue is $17B. |
| What is the current revenue growth of Qantas Airways? | Qantas Airways revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Qantas Airways? | Current revenue multiple of Qantas Airways is 0.8x. |
| Is Qantas Airways profitable? | Yes, Qantas Airways is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Qantas Airways? | Qantas Airways' last 12 months EBITDA is $3B. |
| What is Qantas Airways' EBITDA margin? | Qantas Airways' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Qantas Airways? | Current EBITDA multiple of Qantas Airways is 4.3x. |
| What is the current FCF of Qantas Airways? | Qantas Airways' last 12 months FCF is $36M. |
| What is Qantas Airways' FCF margin? | Qantas Airways' last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of Qantas Airways? | Current FCF multiple of Qantas Airways is 396.8x. |
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