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Spring Airlines Co Ltd operates as a low-cost airline in China engages in the provision of local and international aviation services. It operates a fleet of Airbus A320 aircraft. It offers domestic routes such as Guangzhou, Zhuhai, Kunming, Xiamen, Shenyang, Harbin, Urumqi, Haikou, Guilin, Wenzhou and Qingdao. The company also offers international routes within Asia. It also provides insurance service which includes Standard Accident Insurance, Overseas Travel Insurance and Flight Delay and Cancellation Insurance.
2005
8.5K+
LTM Revenue $2.9B
LTM EBITDA $748M
$8.8B
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Spring Airlines has a last 12-month revenue (LTM) of $2.9B and a last 12-month EBITDA of $748M.
In the most recent fiscal year, Spring Airlines achieved revenue of $2.8B and an EBITDA of $824M.
Spring Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Spring Airlines valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.9B | XXX | $2.8B | XXX | XXX | XXX |
| Gross Profit | $422M | XXX | $360M | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | $748M | XXX | $824M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 30% | XXX | XXX | XXX |
| EBIT | $444M | XXX | $406M | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Profit | $337M | XXX | $317M | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $587M | XXX | XXX | XXX |
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As of August 29, 2025, Spring Airlines's stock price is CNY 53 (or $7).
Spring Airlines has current market cap of CNY 52.2B (or $7.3B), and EV of CNY 62.9B (or $8.8B).
See Spring Airlines trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.8B | $7.3B | XXX | XXX | XXX | XXX | $0.35 |
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Start Free TrialAs of August 29, 2025, Spring Airlines has market cap of $7.3B and EV of $8.8B.
Spring Airlines's trades at 3.1x EV/Revenue multiple, and 10.6x EV/EBITDA.
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 21.6x.
See valuation multiples for Spring Airlines and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7.3B | XXX | $7.3B | XXX | XXX | XXX |
| EV (current) | $8.8B | XXX | $8.8B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.7x | XXX | 10.6x | XXX | XXX | XXX |
| EV/EBIT | 19.7x | XXX | 21.6x | XXX | XXX | XXX |
| EV/Gross Profit | 20.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 21.6x | XXX | 23.0x | XXX | XXX | XXX |
| EV/FCF | -25.1x | XXX | -47.7x | 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 39% (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 comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 30% | XXX | XXX | XXX |
| EBITDA Growth | 18% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | 39% | XXX | 40% | 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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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 | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Spirit Aviation Holdings | 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 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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Start Free Trial| When 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, Spirit Aviation Holdings, Qantas Airways, Virgin Australia Holdings. |
| What is the current market cap of Spring Airlines? | Spring Airlines's current market cap is $7.3B |
| What is the current revenue of Spring Airlines? | Spring Airlines's last 12 months revenue is $2.9B. |
| 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 $748M. |
| What is Spring Airlines's EBITDA margin? | Spring Airlines's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of Spring Airlines? | Current EBITDA multiple of Spring Airlines is 11.7x. |
| What is the current FCF of Spring Airlines? | Spring Airlines's last 12 months FCF is -$349M. |
| What is Spring Airlines's FCF margin? | Spring Airlines's last 12 months FCF margin is -12%. |
| What is the current EV/FCF multiple of Spring Airlines? | Current FCF multiple of Spring Airlines is -25.1x. |
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