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Public Comps and Valuation Multiples for Energy Equipment

Benchmark revenue and EBITDA valuation multiples for public comps like
GE Vernova, Siemens Energy, Bloom Energy, SLB and Baker Hughes.

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Energy Equipment

Viewing 50 of 180 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
GE Vernova	$279B	$272B	$41B	6.6x	61.7x
Siemens Energy	$174B	$163B	$49B	3.3x	25.0x
Bloom Energy	$86B	$86B	$3B	32.2x	189.4x
SLB	$86B	$94B	$36B	2.6x	11.3x
Baker Hughes	$66B	$67B	$28B	2.4x	13.8x
Sandvik	$53B	$56B	$14B	3.9x	16.2x
Doosan Enerbility	$47B	$50B	$12B	4.2x	50.8x
Halliburton	$35B	$41B	$22B	1.8x	9.7x
Tenaris	$31B	$28B	$12B	2.3x	9.9x
Vestas	$30B	$29B	$23B	1.3x	10.9x
First Solar	$28B	$26B	$5B	5.0x	10.5x
Hyosung Heavy Industries	$25B	$25B	$4B	5.8x	38.0x
Jiangsu Hengli Hydraulic	$22B	$21B	$2B	11.7x	37.2x
Jereh Group	$21B	$20B	$3B	7.5x	29.2x
TBEA	$20B	$24B	$15B	1.6x	9.6x
China Energy Engineering	$17B	$53B	$68B	0.8x	10.0x
Hitachi Energy India	$17B	$16B	$881M	18.2x	120.2x
LONGi	$17B	$14B	$10B	1.4x	29.4x
Bharat Heavy Electricals	$15B	$15B	$4B	4.0x	51.7x
Goldwind Science	$14B	$18B	$12B	1.5x	13.2x
Siemens Energy India	$13B	$13B	$970M	13.3x	65.1x
Maxwell Technologies	$12B	$12B	$1B	10.0x	61.0x
Nordex	$12B	$10B	$9B	1.1x	12.0x
Chuantou Energy	$11B	$13B	$250M	52.7x	15.2x
Chart Industries	$10B	$13B	$4B	3.2x	13.5x
Jinko Solar	$10B	$11B	$10B	1.1x	16.3x
Waaree Energies	$9B	$8B	$3B	2.9x	13.2x
Enphase Energy	$8B	$8B	$1B	5.9x	19.9x
Weatherford	$8B	$8B	$5B	1.7x	8.1x
X-Energy	$8B	$6B	$134M	45.0x	(33.2x)
Suzlon Energy	$8B	$8B	$2B	4.1x	22.6x
NOV Inc.	$7B	$8B	$9B	1.0x	8.6x
CSI Solar	$7B	$8B	$6B	1.4x	10.1x
SBM Offshore	$7B	$15B	$6B	2.5x	8.3x
Seatrium	$6B	$7B	$9B	0.8x	9.4x
Trina Solar	$6B	$9B	$10B	0.8x	-
Plug Power	$5B	$6B	$751M	8.1x	(13.1x)
GoodWe Technologies	$5B	$5B	$2B	3.3x	43.7x
Modec	$5B	$3B	$4B	0.7x	6.2x
Premier Energies	$5B	$5B	$905M	5.3x	17.8x
Cactus	$4B	$4B	$1B	3.2x	11.0x
USA Compression	$4B	$7B	$1B	6.4x	10.6x
LAPLACE	$4B	$4B	$804M	4.8x	35.2x
AIKO Solar	$4B	$5B	$3B	2.1x	26.3x
NuScale Power	$4B	$3B	$38M	79.9x	(6.1x)
Sany Heavy Energy	$4B	$3B	$4B	0.6x	11.7x
SolarEdge	$4B	$4B	$1B	2.9x	(56.5x)
Solaria Energia	$4B	$5B	$388M	14.0x	15.9x
Itron	$4B	$5B	$2B	1.9x	12.2x
Sunrun	$3B	$18B	$3B	5.9x	26.3x
Enerflex	$3B		$3B
Xinyi Solar	$3B		$3B
Dongfang Electronics Co	$3B		$1B
Babcock & Wilcox	$3B		$726M
SMA Solar Technology	$3B		$2B
National Energy Services	$3B		$2B
CIMC Enric	$3B		$4B
American Superconductor	$2B		$305M
Aegis Vopak Terminals	$2B		$94M
TerraVest Industries	$2B		$1B
Ceres Power Holdings	$2B		$58M
Innovex International	$2B		$985M
Hoymiles Power	$2B		$372M
Landis+Gyr	$2B		$1B
Inox Wind	$2B		$569M
Ballard Power Systems	$2B		$110M
Shoals	$2B		$534M
ITM Power	$2B		$58M
Friedrich Vorwerk Group	$2B		$843M
CS Wind	$1B		$2B
Nano Nuclear Energy	$1B		-
SP New Energy	$1B		-
Array Technologies	$1B		$1B
Canadian Solar	$1B		$6B
thyssenkrupp nucera	$1B		$733M
JinkoSolar	$1B		$10B
Henan Yicheng New Energy	$1B		-
2G Energy	$1B		$497M
Al-Babtain Power & Telecom	$1B		$733M
Changgao Electric Group	$1B		$272M
HMH Holding	$1B		$823M
Gunkul engineering PCL	$983M		$280M
Viridien	$964M		$1B
Hunting	$955M		$1B
Energy Vault	$914M		$223M
Power Solutions International	$896M		$698M
BW Offshore	$894M		-
West Holdings	$746M		$353M
Girisim Elektrik	$740M		-
XP Power	$718M		$315M
Terra Innovatum Global	$713M		-
Nel	$710M		$99M
Core Laboratories	$655M		$523M
Forum Energy Technologies	$645M		$818M
Schoeller-Bleckmann	$609M		$534M
Kalyon Güneş Teknolojileri	$568M		-
Natural Gas Services Group	$536M		$183M
Oil States International	$533M		$669M
Ashtead Technology	$528M		$280M
Smart Gunes Enerjisi Tek	$491M		-
Sea1 Offshore	$461M		-
Alfa Solar	$445M		-
Akastor	$414M		-
Cosel	$378M		$152M
Tigo Energy	$315M		$115M
Darfon Electronics	$312M		$811M
AirJoule	$299M		$180K
Ecoener	$290M		$114M
EVgo	$264M		$403M
NorAm Drilling	$238M		$104M
AFC Energy	$234M		$2M
Reach Subsea	$220M		$284M
Smart Sand	$210M		$330M
OMS Energy Technologies	$200M		$163M
NET Power	$171M		-
SunPower	$164M		$336M
Prosafe	$162M		$183M
Lumir	$151M		-
Altea Green Power	$144M		$32M
DMC Glb	$141M		$602M
Audioboom Group	$136M		$80M
Eidesvik Offshore	$131M		-
NCS Multistage Holdings	$116M		$187M
S.D. Standard ETC	$106M		-
Geospace Technologies	$105M		-
Drilling Tools	$104M		$161M
Umbrella Global Energy	$85M		-
Otovo	$78M		$76M
Midsummer	$66M		-
KLX Energy Services	$61M		$641M
Spruce Power	$56M		$112M
Recon Technology	$54M		$18M
XCHG	$53M		$29M
SolTech Energy Sweden	$50M		-
Enapter	$48M		$33M
Wallbox	$48M		$180M
ENOGIA	$45M		$16M
Solarium Green Energy	$42M		-
Rompetrol Well Services	$41M		-
Petrolia	$39M		-
E4U	$39M		-
Saule Technologies	$36M		-
CEM	$35M		-
EiDF SOLAR	$34M		-
Robit	$31M		$96M
ML System	$30M		-
Aeris Energy	$29M		-
OXE Marine	$21M		-
Photonike Capital	$18M		-
Sunex	$17M		-
Lemon Sistemi	$16M		$14M
Gigasun	$15M		-
Astrasun Solar	$14M		-
Turbo Energy	$14M		-
Remor Solar Polska	$13M		-
Profithol	$11M		-
Absolicon	$11M		$2M
Universal Energy	$8M		-
Lupatech	$7M		-
Energeia	$7M		-
Gosol Energy Group	$6M		-
Starhedge	$6M		-
McPhy Energy	$5M		-
Erato Energy	$5M		-
Voolt	$4M		-
Niutech	$3M		-
Dolfines	$3M		$9M
ElectroMagnetic Services	$3M		-
Fotovolt Eko Energia	$2M		-
T&T Proenergy	$2M		-
Hidrostal	$2M		-
Bardella Industrias	$1M		-
Windon Energy Group	$1M		-
Lucibel	$1M		-
Meyer Burger	$951K		-
Condmag	$949K		-
OSX Brasil	$877K		-
BOOSTHEAT	$163K		-
Sunworks	$6K		-
NGK Insulators	-		-