Spring Airlines Co Ltd is a China-based airline company, principally engaged in the airline transportation of passengers and freight. The company focuses on providing passenger and cargo air transportation services across mainland China, international routes, as well as Hong Kong, Macao, and Taiwan, along with other activities connected to the air transport industry.
2005
8.5K+
LTM Revenue $3.0B
LTM EBITDA $795M
$8.9B
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As of September 2025, Spring Airlines reported last 12-month revenue of $3.0B and EBITDA of $795M.
In the same period, Spring Airlines generated $380M in LTM gross profit and $331M in net income.
See Spring Airlines valuation multiples based on analyst estimatesIn the most recent fiscal year, Spring Airlines reported revenue of $2.8B and EBITDA of $830M.
Spring Airlines expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Spring Airlines valuation multiples based on analyst estimatesLTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
---|---|---|---|---|---|---|
Revenue | $3.0B | XXX | $2.8B | XXX | XXX | XXX |
Gross Profit | $380M | XXX | $363M | XXX | XXX | XXX |
Gross Margin | 13% | XXX | 13% | XXX | XXX | XXX |
EBITDA | $795M | XXX | $830M | XXX | XXX | XXX |
EBITDA Margin | 27% | XXX | 30% | XXX | XXX | XXX |
EBIT | $443M | XXX | $409M | XXX | XXX | XXX |
EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
Net Profit | $331M | XXX | $319M | XXX | XXX | XXX |
Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
Net Debt | XXX | XXX | $591M | XXX | XXX | XXX |
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Spring Airlines has current market cap of CNY 52.5B (or $7.4B), and EV of CNY 63.3B (or $8.9B).
As of October 17, 2025, Spring Airlines's stock price is CNY 54 (or $8).
See Spring Airlines trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$8.9B | $7.4B | XXX | XXX | XXX | XXX | $0.34 |
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Start Free TrialSpring Airlines's trades at 3.2x EV/Revenue multiple, and 10.7x EV/EBITDA.
See valuation multiples for Spring Airlines and 15K+ public compsAs of October 17, 2025, Spring Airlines has market cap of $7.4B and EV of $8.9B.
Equity research analysts estimate Spring Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spring Airlines has a P/E ratio of 22.2x.
LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
---|---|---|---|---|---|---|
Market cap (current) | $7.4B | XXX | $7.4B | XXX | XXX | XXX |
EV (current) | $8.9B | XXX | $8.9B | XXX | XXX | XXX |
EV/Revenue | 3.0x | XXX | 3.2x | XXX | XXX | XXX |
EV/EBITDA | 11.2x | XXX | 10.7x | XXX | XXX | XXX |
EV/EBIT | 20.0x | XXX | 21.7x | XXX | XXX | XXX |
EV/Gross Profit | 23.3x | XXX | n/a | XXX | XXX | XXX |
P/E | 22.2x | XXX | 23.1x | XXX | XXX | XXX |
EV/FCF | 58.9x | XXX | -48.0x | XXX | XXX | XXX |
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Start Free TrialSpring Airlines's last 12 month revenue growth is 10%
Spring Airlines's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged -$5K for the same period.
Spring Airlines's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spring Airlines's rule of X is 52% (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 Spring Airlines and other 15K+ public compsLTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
---|---|---|---|---|---|---|
Revenue Growth | 10% | XXX | 9% | XXX | XXX | XXX |
EBITDA Margin | 27% | XXX | 30% | XXX | XXX | XXX |
EBITDA Growth | 19% | XXX | 8% | XXX | XXX | XXX |
Rule of 40 | 38% | XXX | 39% | XXX | XXX | XXX |
Bessemer Rule of X | XXX | XXX | 52% | XXX | XXX | XXX |
Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
Opex per Employee | XXX | XXX | -$5K | XXX | XXX | XXX |
S&M Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
R&D Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
Opex to Revenue | XXX | XXX | -2% | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
Alliance Aviation Servs | XXX | XXX | XXX | XXX | XXX | XXX |
Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
Virgin Australia Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
Aegean 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.
Spring Airlines acquired XXX companies to date.
Last acquisition by Spring Airlines was XXXXXXXX, XXXXX XXXXX XXXXXX . Spring Airlines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired 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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Start Free TrialWhen was Spring Airlines founded? | Spring Airlines was founded in 2005. |
Where is Spring Airlines headquartered? | Spring Airlines is headquartered in China. |
How many employees does Spring Airlines have? | As of today, Spring Airlines has 8.5K+ employees. |
Is Spring Airlines publicy listed? | Yes, Spring Airlines is a public company listed on SHG. |
What is the stock symbol of Spring Airlines? | Spring Airlines trades under 601021 ticker. |
When did Spring Airlines go public? | Spring Airlines went public in 2015. |
Who are competitors of Spring Airlines? | Similar companies to Spring Airlines include e.g. flyExclusive, Alliance Aviation Servs, Qantas Airways, Virgin Australia Holdings. |
What is the current market cap of Spring Airlines? | Spring Airlines's current market cap is $7.4B |
What is the current revenue of Spring Airlines? | Spring Airlines's last 12 months revenue is $3.0B. |
What is the current revenue growth of Spring Airlines? | Spring Airlines revenue growth (NTM/LTM) is 10%. |
What is the current EV/Revenue multiple of Spring Airlines? | Current revenue multiple of Spring Airlines is 3.0x. |
Is Spring Airlines profitable? | Yes, Spring Airlines is EBITDA-positive (as of the last 12 months). |
What is the current EBITDA of Spring Airlines? | Spring Airlines's last 12 months EBITDA is $795M. |
What is Spring Airlines's EBITDA margin? | Spring Airlines's last 12 months EBITDA margin is 27%. |
What is the current EV/EBITDA multiple of Spring Airlines? | Current EBITDA multiple of Spring Airlines is 11.2x. |
What is the current FCF of Spring Airlines? | Spring Airlines's last 12 months FCF is $151M. |
What is Spring Airlines's FCF margin? | Spring Airlines's last 12 months FCF margin is 5%. |
What is the current EV/FCF multiple of Spring Airlines? | Current FCF multiple of Spring Airlines is 58.9x. |
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