Industry Valuation Benchmarks
Median valuation multiples across North American industries, updated weekly.
Updated Oct 25, 2026
Aerospace & Defense(18 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 18 | 3.2x | 21.8x | 32.9x | 12% | 15% | 12% | 25 |
| >30% growth | 5 | 6.6x | 47x | 56.7x | 35% | 6% | 0% | 34 |
| 15–30% | 3 | 6.6x | 31x | 39.4x | 18% | 23% | 17% | 35 |
| 5–15% | 7 | 3.1x | 18.2x | 23.4x | 10% | 17% | 17% | 28 |
| <5% | 3 | 2.3x | 12.9x | 18.4x | 2% | 14% | 9% | 11 |
Airlines, Airports & Air Services(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 0.9x | 7.7x | 10.7x | 4% | 11% | 4% | 11 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Apparel - Footwear & Accessories(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 1.8x | 9.6x | 13.8x | 10% | 23% | 13% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Apparel - Retail(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 2.7x | 18.8x | 27.2x | 7% | 16% | 11% | 17 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Asset Management(14 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 14 | 7.1x | 12.7x | 12.2x | 4% | 32% | 18% | 36 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 7.2x | 16x | 15.9x | 22% | 36% | 22% | 45 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 7 | 6.3x | 12.4x | 11.1x | -8% | 38% | 11% | 0 |
Auto - Manufacturers(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 1x | 63.4x | 6.9x | 1% | 5% | 4% | 3 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 1x | 63.4x | 6.9x | -1% | 9% | 6% | 5 |
Autos & Transportation(7 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 7 | 2x | 16.1x | 15.3x | -1% | 9% | 6% | 4 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 5 | 2x | 16.1x | 15.3x | -3% | 10% | 8% | 5 |
Banks(19 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 19 | 3x | 18x | 10.7x | -1% | 23% | 20% | 19 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 13 | 2.1x | 14.5x | 10.5x | -1% | 26% | 20% | 19 |
Banks - Diversified(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 8.2x | 20.8x | 14.2x | -1% | 22% | -1% | -2 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 6 | 1.6x | 18.7x | 12.2x | -1% | 21% | -1% | -2 |
Banks - Regional(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 2.6x | 12x | 10.3x | 0% | 26% | 20% | 21 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 7 | 2.5x | 10.1x | 10.3x | -1% | 26% | 21% | 19 |
Beverages - Non-Alcoholic(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 3.1x | 21.9x | 17.8x | 8% | 22% | 15% | 30 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Biotech & Pharma(19 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 19 | 6.1x | 21.2x | 16.9x | 2% | 30% | 23% | 26 |
| >30% growth | 3 | 6.1x | 28.4x | 28.5x | 45% | 22% | 20% | 70 |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 5 | 7.3x | 20.9x | 18.2x | 9% | 42% | 27% | 37 |
| <5% | 10 | 4.5x | 17.1x | 12.6x | 1% | 27% | 23% | 24 |
Biotechnology(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 8x | 24.4x | 25.3x | 5% | 18% | 11% | 24 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 4 | 21.1x | 14.1x | 12.2x | -20% | -138% | -55% | -94 |
Chemicals - Specialty(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 6x | 19.6x | 25.6x | 2% | 21% | 14% | 16 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 4 | 6x | 19.6x | 25.6x | 2% | 21% | 14% | 16 |
Communication Equipment(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 7.9x | 26.3x | 32x | 19% | 28% | 21% | 33 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Computer Hardware(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 7.2x | 14.1x | 14.1x | 24% | 14% | 8% | 26 |
| >30% growth | 4 | 9.3x | 10.2x | 6.8x | 127% | 23% | 4% | 60 |
| 15–30% | 3 | 9.4x | 43.5x | 35.8x | 19% | 12% | 6% | 24 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Consumer Products(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 2.9x | 15.6x | 19.8x | 4% | 22% | 15% | 21 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 3x | 23.2x | 22.1x | 9% | 23% | 15% | 24 |
| <5% | 8 | 2.7x | 13.4x | 19x | 1% | 23% | 16% | 14 |
Copper(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 4.8x | 11.8x | 18x | 17% | 44% | 23% | 30 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Discount Stores(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 1.4x | 21.5x | 38.6x | 5% | 8% | 4% | 11 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 1.4x | 24.1x | 38.6x | 10% | 8% | 6% | 13 |
| <5% | — | — | — | — | — | — | — | — |
Drug Manufacturers - General(10 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 10 | 6.2x | 21.1x | 16.7x | 4% | 35% | 25% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 6.9x | 18.3x | 18.1x | 8% | 43% | 23% | 31 |
| <5% | 5 | 3.8x | 21.2x | 15.2x | 1% | 27% | 24% | 25 |
Electrical Equipment & Parts(7 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 7 | 7x | 26.8x | 24.7x | 10% | 22% | 15% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 5.4x | 25.5x | 26.1x | 10% | 22% | 15% | 25 |
| <5% | — | — | — | — | — | — | — | — |
Engineering & Construction(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 3.1x | 24.7x | 26.1x | 20% | 11% | 7% | 27 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 3.1x | 24.7x | 26.1x | 20% | 11% | 7% | 27 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Entertainment(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 2.6x | 10x | 19.4x | 7% | 23% | 8% | 14 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 2.3x | 8.9x | 15.3x | 0% | 22% | 6% | 1 |
Financial - Capital Markets(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 6.9x | 12.6x | 13.5x | 19% | 48% | 0% | 17 |
| >30% growth | 4 | 8.6x | 26.4x | 18.4x | 60% | 25% | -65% | -2 |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Financial - Credit Services(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 2.7x | 19.1x | 16.2x | 16% | 29% | 24% | 40 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 4 | 4.7x | 21.3x | 23.3x | 25% | 26% | 32% | 54 |
| 5–15% | 3 | 4.2x | 9.1x | 16.2x | 11% | 49% | 28% | 40 |
| <5% | — | — | — | — | — | — | — | — |
Financial - Data & Stock Exchanges(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 8.6x | 19.2x | 22.5x | 9% | 52% | 40% | 48 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 7 | 8.6x | 19.3x | 23x | 9% | 54% | 42% | 51 |
| <5% | — | — | — | — | — | — | — | — |
Financial Services(40 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 40 | 7x | 16x | 16.2x | 10% | 38% | 21% | 40 |
| >30% growth | 7 | 8.2x | 20.1x | 16.7x | 67% | 26% | 0% | 55 |
| 15–30% | 9 | 6.7x | 16x | 18.7x | 22% | 36% | 24% | 46 |
| 5–15% | 14 | 7.1x | 16.4x | 19.9x | 9% | 49% | 37% | 44 |
| <5% | 10 | 5.4x | 12.6x | 11.7x | -3% | 33% | 15% | 11 |
Gambling, Resorts & Casinos(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 2.7x | 17.3x | 17x | 15% | 12% | 10% | 36 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Gold(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 7x | 8.2x | 18.1x | 43% | 68% | 34% | 68 |
| >30% growth | 5 | 9.2x | 9x | 22.2x | 46% | 70% | 31% | 76 |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Grocery Stores(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 1.2x | 11.1x | 20.4x | 5% | 11% | 7% | 12 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 1.2x | 11.1x | 20.4x | 5% | 11% | 7% | 12 |
Hardware, Equipment & Parts(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 5.8x | 26.7x | 24.3x | 20% | 23% | 14% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 4 | 5.1x | 26.7x | 24x | 22% | 15% | 4% | 29 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Household & Personal Products(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 3.4x | 18.7x | 23x | 2% | 20% | 16% | 17 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 4 | 3.4x | 15x | 19x | 0% | 23% | 17% | 16 |
Independent Power Producers(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 3.2x | 14.3x | 14.8x | 6% | 18% | 1% | 10 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Industrial - Machinery(8 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 8 | 5.3x | 18.8x | 22.4x | 1% | 20% | 17% | 18 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 6 | 3.9x | 18.2x | 19.6x | 0% | 20% | 14% | 13 |
Industrials(32 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 32 | 5.1x | 19.3x | 24.2x | 10% | 19% | 15% | 22 |
| >30% growth | 6 | 9.9x | 69x | 50x | 36% | 8% | 0% | 36 |
| 15–30% | 4 | 6.8x | 31.2x | 37.5x | 19% | 23% | 18% | 36 |
| 5–15% | 12 | 3.2x | 18.5x | 24.4x | 10% | 19% | 15% | 24 |
| <5% | 10 | 7.5x | 15.1x | 20.1x | 2% | 24% | 15% | 18 |
Information Technology Services(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 3.9x | 10.6x | 15.7x | 6% | 18% | 16% | 22 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Insurance(16 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 16 | 1.6x | 9x | 12.7x | 7% | 19% | 16% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 8 | 1.7x | 10.5x | 12.7x | 9% | 20% | 18% | 27 |
| <5% | 6 | 1.2x | 8.7x | 11.8x | -1% | 23% | 15% | 9 |
Insurance - Diversified(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 1.7x | 9.9x | 13.3x | 7% | 20% | 14% | 27 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 1.7x | 9.9x | 13.3x | 12% | 17% | 16% | 27 |
| <5% | — | — | — | — | — | — | — | — |
Insurance - Life(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 2.2x | 10.5x | 12.7x | 10% | 12% | 17% | 24 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Insurance - Property & Casualty(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 1.4x | 8.4x | 12.7x | 6% | 20% | 18% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 1.6x | 7.8x | 12.6x | 6% | 21% | 22% | 27 |
| <5% | — | — | — | — | — | — | — | — |
Internet Content & Information(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 5x | 25.2x | 23.9x | 15% | 15% | 18% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 4 | 6.5x | 26.5x | 23x | 19% | 26% | 17% | 42 |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Medical - Devices(7 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 7 | 4x | 18.5x | 17.6x | 11% | 27% | 18% | 29 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 4.4x | 18.5x | 17.8x | 10% | 26% | 18% | 27 |
| <5% | — | — | — | — | — | — | — | — |
Medical - Diagnostics & Research(9 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 9 | 8.4x | 25.9x | 26.8x | 6% | 26% | 19% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 8.1x | 26.4x | 26.8x | 7% | 24% | 17% | 24 |
| <5% | 4 | 7.7x | 25.9x | 28.9x | 3% | 29% | 21% | 22 |
Medical - Distribution(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 0.3x | 16.9x | 19.7x | 12% | 2% | 2% | 14 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 0.3x | 16.9x | 19.7x | 12% | 2% | 2% | 14 |
| <5% | — | — | — | — | — | — | — | — |
Medical - Healthcare Plans(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 0.4x | 13.7x | 14.3x | 12% | 4% | 3% | 15 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 5 | 0.5x | 13.7x | 15x | 11% | 4% | 3% | 14 |
| <5% | — | — | — | — | — | — | — | — |
Medical - Instruments & Supplies(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 3.4x | 15.3x | 19.2x | 10% | 31% | 13% | 21 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 3.4x | 15.3x | 19.2x | 10% | 21% | 13% | 21 |
| <5% | — | — | — | — | — | — | — | — |
Medical & Healthcare(24 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 24 | 5.5x | 18.6x | 20x | 10% | 24% | 16% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 3.6x | 17.1x | 13.6x | 19% | 28% | 17% | 37 |
| 5–15% | 14 | 3.9x | 18.4x | 18.5x | 10% | 23% | 16% | 23 |
| <5% | 5 | 7x | 25.4x | 25.7x | 4% | 27% | 21% | 20 |
Oil & Gas(27 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 27 | 3.3x | 9.8x | 12.3x | 3% | 38% | 13% | 16 |
| >30% growth | 4 | 4x | 9.8x | 12.5x | 65% | 51% | 23% | 94 |
| 15–30% | 3 | 3.9x | 10.6x | 15.9x | 24% | 38% | 28% | 52 |
| 5–15% | 6 | 6.2x | 12.4x | 17.8x | 9% | 49% | 17% | 27 |
| <5% | 14 | 2.3x | 8.9x | 11.4x | -5% | 23% | 9% | 5 |
Oil & Gas Equipment & Services(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 2.1x | 11x | 16.4x | -2% | 18% | 11% | 11 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 2.1x | 11x | 16.4x | -2% | 18% | 11% | 11 |
Oil & Gas Exploration & Production(7 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 7 | 3.3x | 6.8x | 11.6x | 8% | 53% | 21% | 22 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 3.3x | 6.2x | 11.6x | -3% | 53% | 21% | 19 |
Oil & Gas Integrated(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 2.3x | 8.5x | 11.7x | -5% | 27% | 13% | 6 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 5 | 2.3x | 8.5x | 11.7x | -5% | 27% | 13% | 6 |
Oil & Gas Midstream(12 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 12 | 3.9x | 11.5x | 15.6x | 13% | 41% | 7% | 33 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 3 | 3.9x | 10.6x | 15.9x | 24% | 38% | 28% | 52 |
| 5–15% | 4 | 8x | 13.5x | 22.6x | 11% | 57% | 22% | 33 |
| <5% | 3 | 1.9x | 10.9x | 12.3x | 0% | 17% | 5% | 5 |
Oil & Gas Refining & Marketing(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 1x | 9.8x | 8.1x | -6% | 10% | 8% | 2 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 3 | 1x | 9.8x | 8.1x | -6% | 10% | 8% | 2 |
Railroads(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 7.9x | 15.1x | 21.6x | 2% | 48% | 20% | 23 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 4 | 8.8x | 15.1x | 21.2x | 1% | 49% | 23% | 24 |
Regulated Electric(14 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 14 | 5.6x | 12.9x | 18.2x | 10% | 42% | -13% | -1 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 11 | 5.7x | 13.2x | 18.8x | 9% | 42% | -13% | -2 |
| <5% | — | — | — | — | — | — | — | — |
REIT - Healthcare Facilities(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 12.4x | 17.7x | 72.5x | 16% | 60% | 24% | 50 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
REIT - Industrial(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 13.4x | 18x | 31.5x | 3% | 68% | 56% | 63 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
REIT - Specialty(5 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 5 | 11.9x | 21.5x | 42.7x | 6% | 47% | 20% | 23 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 11.9x | 22.6x | 48.8x | 8% | 46% | 17% | 25 |
| <5% | — | — | — | — | — | — | — | — |
Restaurants(7 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 7 | 4.9x | 18.9x | 24.5x | 9% | 18% | 13% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 3 | 5.3x | 17.9x | 22.6x | 9% | 31% | 16% | 28 |
| <5% | — | — | — | — | — | — | — | — |
Retail(23 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 23 | 2.1x | 15.1x | 22.4x | 5% | 13% | 7% | 12 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 11 | 2.1x | 17.5x | 25x | 7% | 15% | 6% | 13 |
| <5% | 10 | 2x | 12.8x | 20.2x | 3% | 13% | 8% | 12 |
Semiconductors(23 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 23 | 14.2x | 31.9x | 26.2x | 23% | 32% | 24% | 47 |
| >30% growth | 8 | 20x | 42.2x | 31x | 71% | 32% | 25% | 85 |
| 15–30% | 6 | 16.2x | 36.1x | 27.6x | 23% | 39% | 32% | 52 |
| 5–15% | 5 | 11.4x | 27.2x | 27.7x | 13% | 33% | 24% | 37 |
| <5% | 4 | 6.6x | 23.5x | 21.7x | 0% | 27% | 15% | 13 |
Software(60 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 60 | 6.5x | 26.4x | 25.9x | 17% | 15% | 23% | 43 |
| >30% growth | 7 | 9.1x | 26.7x | 48x | 56% | 17% | 18% | 50 |
| 15–30% | 27 | 8.2x | 34x | 29.8x | 22% | 8% | 22% | 46 |
| 5–15% | 19 | 5.3x | 25.8x | 19x | 12% | 18% | 28% | 38 |
| <5% | 7 | 3.7x | 13x | 13.9x | 0% | 12% | 16% | 16 |
Software - Application(43 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 43 | 5.6x | 24.8x | 23.1x | 16% | 16% | 24% | 43 |
| >30% growth | 5 | 9.1x | 26.7x | 30.9x | 39% | 16% | 18% | 50 |
| 15–30% | 17 | 7.1x | 34.5x | 28.9x | 20% | 13% | 22% | 46 |
| 5–15% | 15 | 4.7x | 21x | 18.9x | 11% | 21% | 28% | 38 |
| <5% | 6 | 4x | 10.8x | 12.4x | 0% | 7% | 20% | 11 |
Software - Infrastructure(17 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 17 | 9.6x | 38x | 44.2x | 22% | 11% | 21% | 43 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 10 | 11.2x | 27.8x | 44.7x | 23% | 6% | 22% | 45 |
| 5–15% | 4 | 8x | 58.9x | 41.9x | 13% | 10% | 26% | 39 |
| <5% | — | — | — | — | — | — | — | — |
Specialty Retail(13 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 13 | 2.8x | 17.5x | 25x | 6% | 15% | 11% | 18 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 8 | 2.6x | 16.3x | 23.7x | 7% | 18% | 5% | 12 |
| <5% | 3 | 3.2x | 15.2x | 25.2x | 1% | 19% | 19% | 18 |
Telecom & Media(23 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 23 | 2.6x | 9.6x | 17.7x | 8% | 27% | 15% | 22 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | 6 | 5.6x | 22.9x | 23x | 16% | 26% | 17% | 39 |
| 5–15% | 5 | 1.9x | 17x | 36.7x | 9% | 15% | 11% | 22 |
| <5% | 10 | 2.2x | 5.4x | 9.4x | 0% | 31% | 10% | 11 |
Telecommunications Services(6 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 6 | 2.6x | 5.4x | 9x | 1% | 36% | 14% | 16 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | 5 | 2.5x | 5.2x | 8.6x | 0% | 36% | 14% | 16 |
Travel & Leisure(11 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 11 | 4.9x | 17.9x | 22.6x | 9% | 26% | 13% | 28 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 7 | 5.1x | 14.5x | 21.6x | 9% | 31% | 16% | 28 |
| <5% | — | — | — | — | — | — | — | — |
Travel Services(4 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 4 | 4.8x | 12.5x | 13.9x | 10% | 32% | 23% | 33 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 4 | 4.8x | 12.5x | 13.9x | 10% | 32% | 23% | 33 |
| <5% | — | — | — | — | — | — | — | — |
Utilities(14 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 14 | 5.6x | 12.9x | 18.2x | 10% | 42% | -13% | -1 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | 11 | 5.7x | 13.2x | 18.8x | 9% | 42% | -13% | -2 |
| <5% | — | — | — | — | — | — | — | — |
Waste Management(3 companies)
| Cohort | Count | EV/Rev | EV/EBITDA | Fwd P/E | Growth | EBITDA Margin | FCF Margin | Rule of 40 |
|---|---|---|---|---|---|---|---|---|
| All | 3 | 5x | 15.1x | 27.9x | 7% | 31% | 19% | 25 |
| >30% growth | — | — | — | — | — | — | — | — |
| 15–30% | — | — | — | — | — | — | — | — |
| 5–15% | — | — | — | — | — | — | — | — |
| <5% | — | — | — | — | — | — | — | — |
Benchmarks are medians across companies in the ClarvenAI universe, grouped by industry and revenue-growth cohort (cohorts with fewer than 3 companies show “—”). For informational purposes only — not investment advice.