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Public Comps and Valuation Multiples for HealthTech

Benchmark revenue and EBITDA valuation multiples for public comps like
Johnson & Johnson, UnitedHealth Group, Siemens, Thermo Fisher Scientific and Abbott.

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HealthTech

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$613B$646B$97B6.6x17.7x
$389B$435B$446B1.0x15.8x
$232B$269B$94B2.9x16.1x
$191B$231B$46B5.0x19.7x
$164B$191B$47B4.0x15.2x
$143B$139B$11B12.8x28.9x
$139B$152B$25B6.1x19.1x
$128B$139B$26B5.3x18.7x
$104B$122B$37B3.3x12.0x
$66B$75B$21B3.6x11.6x
$52B$49B$6B7.7x25.1x
$44B$42B$27B1.6x8.0x
$44B$44B$5B9.9x27.8x
$38B$40B$7B5.5x18.9x
$38B$37B$3B14.4x(160.3x)
$37B$42B$5B8.8x26.3x
$34B$44B$8B5.4x13.6x
$32B$46B$17B2.7x11.8x
$30B$38B$21B1.8x10.2x
$29B$28B$6B5.0x12.8x
$28B$21B$3B6.1x13.5x
$27B$26B$5B5.3x17.5x
$26B$33B$21B1.6x9.3x
$26B$28B$4B6.7x21.4x
$24B$21B$5B4.2x13.0x
$23B$11B
$22B$14B
$21B$6B
$20B$1B
$20B-
$19B$4B
$18B$8B
$16B$22B
$15B$3B
$14B$3B
$14B$5B
$14B$8B
$14B$179M
$13B$8B
$13B$12B
$13B$4B
$13B$1B
$13B$6B
$13B$3B
$13B$23B
$12B$45B
$12B$2B
$12B$3B
$12B$982M
$11B$6B
$11B$3B
$10B$1B
$10B$5B
$9B-
$9B$4B
$9B$15B
$9B$816M
$8B$568M
$8B$2B
$8B$3B
$8B$3B
$8B$6B
$7B$1B
$7B$2B
$7B$2B
$7B$4B
$7B$2B
$7B$8B
$6B$5B
$6B$7B
$6B$883M
$6B$916M
$6B$742M
$6B$2B
$6B$1B
$6B$3B
$6B$4B
$5B$3B
$5B$380M
$5B$2B
$5B$707M
$5B$710M
$5B$1B
$5B$551M
$5B$5B
$5B$3B
$5B$1B
$5B$2B
$5B$1B
$5B$1B
$5B-
$5B$968M
$5B$1B
$4B$3B
$4B$4B
$4B$2B
$4B$1B
$4B$3B
$4B-
$4B$813M
$4B$1B
$4B$651M
$4B$1B
$4B$425M
$4B$1B
$4B$2B
$4B$2B
$4B$132M
$4B$884M
$4B$1B
$3B-
$3B$826M
$3B$2B
$3B-
$3B$2B
$3B$222M
$3B$992M
$3B$301M
$3B$436M
$3B$1B
$3B$3B
$3B$2B
$3B$163M
$3B$833M
$3B$3B
$3B$410M
$3B$1B
$2B$970M
$2B$641M
$2B$248M
$2B$668M
$2B$108M
$2B$1B
$2B$1B
$2B$398M
$2B$264M
$2B$269M
$2B$1B
$2B$452M
$2B$2B
$2B$621M
$2B$1M
$2B$1M
$2B$2B
$2B$93M
$2B$763M
$2B$1B
$2B$878M
$2B$39M
$2B$679M
$2B$833M
$2B$1B
$2B$307M
$2B$1B
$2B$976M
$2B$605M
$2B$2B
$2B$520M
$2B$328M
$2B$693M
$2B$218M
$2B$3B
$2B$697M
$2B$548M
$2B-
$2B$569M
$2B$3B
$2B$453M
$1B$417M
$1B$73M
$1B$1B
$1B$2B
$1B$286M
$1B$1B
$1B$549M
$1B-
$1B$1B
$1B$3B
$1B$142M
$1B$1B
$1B$391M
$1B$879M
$1B$2B
$1B$352M
$1B$2B
$1B$245M
$1B$373M
$1B$373M
$1B$152M
$1B$87M
$1B$341M
$1B$68M
$1B$58M
$1B$706M
$1B$573M
$1B$357M
$1B$463M
$1B$878M
$1B$363M
$1B$334M
$1B$714M
$1B$1B
$1B$2B
$1B$1B
$1B$413M
$1B$809M
$1B$213M
$1B$204M
$1B$1B
$1B-
$1B$364M
$993M$747M
$983M$601K
$982M$78M
$948M$787M
$943M$6M
$941M$6B
$940M$3B
$939M$51M
$937M$400M
$917M$455M
$908M$409M
$897M$488M
$891M$173M
$881M$2B
$874M$255M
$843M$97M
$841M$370M
$807M$815M
$805M$314M
$795M$236M
$792M$2B
$783M$1B
$781M$315M
$769M$216M
$758M$101M
$750M$117M
$744M$148M
$737M$348M
$727M$240M
$725M$811K
$716M$162M
$715M$517M
$687M-
$683M$347M
$672M$2B
$665M-
$664M$148M
$663M$586M
$658M-
$654M$347M
$638M-
$634M$281M
$629M$206M
$622M$495M
$620M$2B
$603M$283M
$591M$60M
$585M$345M
$585M$243M
$579M$205M
$575M-
$570M-
$566M$252M
$565M$979M
$562M$100M
$556M$585M
$556M$379M
$555M$718M
$554M$45M
$554M$315M
$543M-
$542M-
$530M-
$521M$251M
$515M$549M
$513M-
$502M$1B
$492M-
$487M$648M
$485M$202M
$482M$85M
$480M-
$479M$61M
$475M-
$471M$33M
$471M$258M
$467M$34K
$447M$94M
$446M$293M
$439M-
$438M$51M
$434M$864M
$434M$105M
$433M-
$426M$76M
$417M-
$415M$150M
$400M$42M
$399M$696M
$397M$561M
$395M$832M
$393M$341M
$379M$308M
$368M$81M
$368M$263M
$363M-
$356M-
$347M$135M
$347M$645K
$343M$74M
$340M$262M
$336M$82M
$332M$62M
$330M-
$324M$292M
$323M$59M
$320M$86M
$319M$66M
$316M$157M
$311M-
$310M$82M
$307M$117M
$301M-
$291M$49M
$289M$210M
$287M$84M
$286M$511M
$281M$890M
$275M-
$254M$17M
$251M$28M
$251M$373M
$248M$199M
$245M$297M
$242M$66M
$242M$99M
$236M$2M
$236M-
$223M$192M
$222M$140M
$222M$132M
$221M$2M
$219M$110M
$209M$148M
$209M$10M
$206M$6M
$203M$154M
$203M$61M
$203M$144M
$202M$13M
$200M$208M
$196M$76M
$188M$56M
$188M$359M
$186M$2M
$185M-
$185M$194M
$181M$103M
$180M-
$174M$27M
$173M-
$167M$106M
$163M$61M
$160M$672M
$160M$24M
$158M$40M
$157M-
$156M$61M
$154M$226M
$153M$70M
$150M$29M
$149M$80M
$148M$30M
$146M$17M
$145M$25M
$145M$2B
$142M$9M
$141M$62M
$141M-
$140M$288M
$140M$122M
$139M$38M
$134M$387M
$132M-
$131M$31M
$127M$48M
$124M$595M
$120M-
$120M$39M
$119M$38M
$117M$166M
$116M-
$115M$9M
$111M$69M
$110M-
$105M-
$104M$94M
$103M-
$100M-
$100M$163K
$99M-
$98M$272M
$97M$4M
$96M$104M
$94M-
$92M-
$91M$126M
$91M$16M
$90M-
$90M$41M
$89M$33M
$87M$10M
$86M-
$85M$22M
$85M$123M
$85M$3M
$85M$36M
$83M$6M
$82M-
$81M$14M
$76M$21M
$76M$52M
$75M$84M
$75M$1B
$74M-
$74M$16M
$74M$5M
$73M$11M
$71M-
$70M$219K
$70M$233M
$68M$14M
$68M$40M
$68M-
$67M$109M
$66M-
$66M$294M
$63M-
$63M-
$62M-
$61M$1K
$59M-
$59M$118M
$59M$9M
$58M$621K
$58M-
$58M$23M
$57M$7M
$56M$20M
$55M-
$55M-
$55M-
$54M$4M
$54M$9M
$53M$12M
$53M$91M
$52M$25M
$52M$165M
$51M$24M
$51M$221K
$51M-
$50M$25M
$49M-
$49M-
$48M$493M
$48M$19M
$46M$19M
$46M-
$46M-
$46M-
$44M$12M
$44M-
$43M$24M
$43M-
$42M-
$42M$2M
$41M$45M
$41M-
$41M-
$40M$38M
$40M-
$40M$43M
$38M$7M
$38M-
$38M$31M
$37M$479K
$37M$61M
$36M-
$36M-
$35M-
$35M$5M
$35M$9M
$34M-
$34M$6M
$34M$10M
$33M$13M
$33M-
$33M$31M
$32M$1M
$32M$54M
$32M$83M
$31M$407M
$31M$48M
$31M$16M
$30M$4M
$30M-
$29M$10M
$29M-
$28M-
$28M-
$27M$88M
$27M-
$27M$12M
$25M-
$24M-
$24M$14M
$23M-
$23M$38M
$23M-
$22M-
$22M-
$22M-
$21M-
$20M$5M
$20M$25M
$20M-
$20M-
$20M-
$20M$12M
$20M$53M
$19M-
$19M-
$19M-
$19M-
$18M-
$18M-
$18M-
$17M$7M
$17M$156M
$17M$17M
$17M$52M
$17M$24M
$16M-
$15M-
$15M-
$15M$3M
$15M-
$14M$51M
$14M-
$14M$2M
$14M-
$13M$16M
$13M-
$13M-
$13M$208K
$13M$30M
$13M$14M
$13M$11M
$13M-
$13M$4M
$12M-
$12M$36M
$12M$2M
$12M-
$12M-
$11M$20M
$11M$3M
$11M$622K
$11M$2M
$11M$3M
$11M$19M
$10M-
$10M$113K
$10M-
$9M$5M
$9M-
$9M-
$9M-
$9M$8M
$9M-
$9M-
$9M-
$8M-
$8M$980K
$8M-
$8M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$6M-
$6M$308M
$6M$6M
$6M-
$6M-
$6M-
$6M-
$5M-
$5M-
$5M$5M
$5M-
$4M-
$4M$2M
$4M$1M
$4M-
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$1M-
$932K-
$869K-
$771K-
$769K-
$616K-
$492K-
$461K-
$293K-
$196K$75M
$151K-
$64K-
$3K-
$2K-
$1K-
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