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Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa and Middle East.
1933
63.5K+
LTM Revenue $22.6B
LTM EBITDA $4.2B
$19.5B
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Turkish Airlines has a last 12-month revenue of $22.6B and a last 12-month EBITDA of $4.2B.
In the most recent fiscal year, Turkish Airlines achieved revenue of $19.6B and an EBITDA of $5.7B.
Turkish Airlines expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Turkish Airlines valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $13.3B | $19.6B | XXX | XXX | XXX |
| Gross Profit | $2.0B | $3.1B | XXX | XXX | XXX |
| Gross Margin | 15% | 16% | XXX | XXX | XXX |
| EBITDA | $4.0B | $5.7B | XXX | XXX | XXX |
| EBITDA Margin | 30% | 29% | XXX | XXX | XXX |
| Net Profit | $1.2B | $4.3B | XXX | XXX | XXX |
| Net Margin | 9% | 22% | XXX | XXX | XXX |
| Net Debt | n/a | $1.4B | XXX | XXX | XXX |
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As of April 15, 2025, Turkish Airlines's stock price is TRY 313 (or $8).
Turkish Airlines has current market cap of TRY 431B (or $11.3B), and EV of TRY 741B (or $19.5B).
See Turkish Airlines trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19.5B | $11.3B | XXX | XXX | XXX | XXX | $2.29 |
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Sign UpAs of April 15, 2025, Turkish Airlines has market cap of $11.3B and EV of $19.5B.
Turkish Airlines's trades at 0.9x LTM EV/Revenue multiple, and 4.6x LTM EBITDA.
Analysts estimate Turkish Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Turkish Airlines and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $19.5B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 3.4x | XXX | XXX | XXX |
| P/E | 3.8x | XXX | XXX | XXX |
| P/E/Growth | 1.4x | XXX | XXX | XXX |
| EV/FCF | 8.1x | XXX | XXX | XXX |
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Sign UpTurkish Airlines's NTM/LTM revenue growth is 14%
Turkish Airlines's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $25K for the same period.
Over next 12 months, Turkish Airlines'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 Turkish Airlines's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Turkish Airlines and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 48% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 40% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 43% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $25K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 8% | 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 | |
| flyExclusive | XXX | XXX | XXX | XXX | XXX | XXX |
| Qantas Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| Aegean Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Asia Aviation | XXX | XXX | XXX | XXX | XXX | XXX |
| Bangkok Airways | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Turkish Airlines acquired XXX companies to date.
Last acquisition by Turkish Airlines was XXXXXXXX, XXXXX XXXXX XXXXXX . Turkish 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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Sign Up| When was Turkish Airlines founded? | Turkish Airlines was founded in 1933. |
| Where is Turkish Airlines headquartered? | Turkish Airlines is headquartered in Turkey. |
| How many employees does Turkish Airlines have? | As of today, Turkish Airlines has 63.5K+ employees. |
| Who is the CEO of Turkish Airlines? | Turkish Airlines's CEO is Mr. Bilal Eksi. |
| Is Turkish Airlines publicy listed? | Yes, Turkish Airlines is a public company listed on IST. |
| What is the stock symbol of Turkish Airlines? | Turkish Airlines trades under THYAO ticker. |
| When did Turkish Airlines go public? | Turkish Airlines went public in 1990. |
| Who are competitors of Turkish Airlines? | Similar companies to Turkish Airlines include e.g. flyExclusive, Qantas Airways, Aegean Airlines, Asia Aviation. |
| What is the current market cap of Turkish Airlines? | Turkish Airlines's current market cap is $11.3B |
| What is the current revenue of Turkish Airlines? | Turkish Airlines's last 12-month revenue is $22.6B. |
| What is the current EBITDA of Turkish Airlines? | Turkish Airlines's last 12-month EBITDA is $4.2B. |
| What is the current EV/Revenue multiple of Turkish Airlines? | Current revenue multiple of Turkish Airlines is 0.9x. |
| What is the current EV/EBITDA multiple of Turkish Airlines? | Current EBITDA multiple of Turkish Airlines is 4.6x. |
| What is the current revenue growth of Turkish Airlines? | Turkish Airlines revenue growth between 2023 and 2024 was 48%. |
| Is Turkish Airlines profitable? | Yes, Turkish Airlines is EBITDA-positive (as of the last 12 months). |
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