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
$626B$654B$99B6.6x17.7x
$361B$403B$446B0.9x14.1x
$247B$278B$95B2.9x16.1x
$224B$262B$47B5.6x22.0x
$190B$217B$48B4.5x17.0x
$146B$168B$26B6.6x20.8x
$142B$137B$11B12.3x27.5x
$134B$145B$26B5.5x19.1x
$116B$135B$37B3.6x13.0x
$74B$86B$21B4.1x13.2x
$54B$50B$6.5B7.8x25.0x
$51B$49B$27B1.8x9.0x
$46B$47B$4.6B10.3x29.1x
$45B$44B$2.7B16.6x(212.1x)
$42B$44B$7.3B6.0x20.4x
$41B$45B$5.2B8.7x27.0x
$40B$54B$17B3.2x13.8x
$40B$50B$8.3B6.1x15.4x
$38B$31B$3.4B9.1x20.1x
$34B$33B$5B6.6x21.6x
$33B$41B$21B1.9x11.0x
$33B$32B$5.7B5.6x14.5x
$29B$31B$4.2B7.4x23.6x
$28B$25B$5.1B4.9x15.0x
$27B$33B$21B1.6x9.2x
$26B$12B
$26B$14B
$23B$6.1B
$22B$1.2B
$21B$22B
$20B$3.6B
$20B-
$19B$8.5B
$18B$4.6B
$17B$2.7B
$16B$12B
$15B$3.6B
$15B$1.4B
$14B$8.3B
$14B$6.5B
$14B$2.3B
$13B$190M
$13B$2.9B
$13B$23B
$13B$8.2B
$13B$6.4B
$12B$4.1B
$11B$3.1B
$11B$620M
$11B$1B
$10B$45B
$10B$1.5B
$10B$3.1B
$10B$4.8B
$9.4B$2.6B
$9.4B-
$9.3B$781M
$8.8B$6.3B
$8.8B$1.4B
$8.8B$2.1B
$8.7B$3.5B
$8.6B$16B
$7.9B$7.7B
$7.5B$3.6B
$7.5B$3.2B
$7.5B$5.3B
$7.1B$2.8B
$6.9B$3.8B
$6.7B$909M
$6.6B$7.2B
$6.6B$1.5B
$6.6B$2.3B
$6.5B$911M
$6.4B$2.3B
$6.4B$2.8B
$6.3B$1.1B
$6.2B$747M
$6.2B$2.5B
$6B$1.7B
$6B$2.3B
$5.9B$2.2B
$5.9B$722M
$5.7B$1.4B
$5.6B$722M
$5.6B$3.2B
$5.5B$385M
$5.4B$1.6B
$5.2B$1.1B
$4.9B$1.4B
$4.9B-
$4.8B$4.4B
$4.7B$1.2B
$4.7B$656M
$4.6B$2.8B
$4.6B$438M
$4.6B$134M
$4.6B$2.2B
$4.4B-
$4.4B$1.4B
$4.3B$1.4B
$4.3B-
$4.3B$1.5B
$4.3B$2B
$4.3B$1.8B
$4.1B$1B
$4.1B$1.1B
$4.1B$914M
$4B$833M
$4B$446M
$4B$1.2B
$4B$1.4B
$3.8B$1.1B
$3.7B$564M
$3.7B$2.8B
$3.6B$1B
$3.4B$308M
$3.4B$168M
$3.3B$841M
$3.2B$2M
$3.1B$2.5B
$3.1B$690M
$3.1B-
$3.1B$440M
$2.9B$989M
$2.9B$239M
$2.8B$1.1B
$2.8B$2.3B
$2.8B$835M
$2.8B$652M
$2.7B$4.7B
$2.7B$420M
$2.6B$259M
$2.6B$1.1B
$2.5B$101M
$2.5B$112M
$2.5B$637M
$2.4B$451M
$2.4B$461M
$2.3B$1.6B
$2.3B$2.6B
$2.3B$1.5B
$2.2B$1.9B
$2.2B$579M
$2.1B$774M
$2.1B$819M
$2.1B$699M
$2.1B$1.2B
$2B$883M
$2B$1.3B
$2B$275M
$2B$101M
$2B$1.7B
$2B$533M
$2B$35M
$1.9B$311M
$1.9B$1.4B
$1.9B$985M
$1.9B$1.1B
$1.9B$267M
$1.9B-
$1.7B$606M
$1.7B$70M
$1.7B$1.2B
$1.7B$876M
$1.7B$559M
$1.7B$334M
$1.7B$1.2B
$1.7B-
$1.7B$557M
$1.6B$458M
$1.6B$1.1B
$1.6B$3.5B
$1.5B$708M
$1.5B$146M
$1.5B$1.5B
$1.5B$1.4B
$1.5B$1.9B
$1.4B$703M
$1.4B$76M
$1.4B$405M
$1.4B$2.3B
$1.4B$342M
$1.4B$1B
$1.4B$246M
$1.4B-
$1.4B$471M
$1.4B$723M
$1.4B$363M
$1.4B$1.7B
$1.3B$62M
$1.3B$1.5B
$1.3B$362M
$1.3B$380M
$1.3B$797M
$1.3B$694K
$1.3B$369M
$1.3B$372M
$1.3B$80M
$1.2B$298M
$1.2B$396M
$1.2B$2.5B
$1.2B$347M
$1.2B$820M
$1.2B$195M
$1.2B$421M
$1.2B-
$1.2B$591M
$1.2B-
$1.1B$1.4B
$1.1B$873M
$1.1B$88M
$1.1B$183M
$1.1B$370M
$1.1B$53M
$1B$2.3B
$1B$584M
$1B$160M
$1B$396M
$1B$448M
$986M$362M
$972M$743M
$959M$2.7B
$959M$207M
$958M$6.1B
$952M$499M
$933M$99M
$901M-
$894M$7M
$881M$539M
$871M$370M
$867M$260M
$845M$154M
$842M$220M
$841M$130M
$839M$251M
$838M$245M
$829M$320M
$826M$321M
$826M$1M
$818M$105M
$813M$286M
$799M$1.5B
$798M$831M
$794M$121M
$783M$865M
$770M$151M
$758M$499M
$753M$3B
$753M$5M
$748M$1.1B
$707M$1.9B
$684M$149M
$675M$383M
$670M$368M
$656M-
$655M-
$650M$324M
$637M$88M
$633M$255M
$630M$327M
$623M$251M
$619M$206M
$611M$66M
$606M$62M
$601M$208M
$601M$129M
$598M$98M
$592M$994M
$589M$284M
$589M$1.5B
$584M$563M
$573M-
$570M-
$555M-
$548M$349M
$547M-
$538M$724M
$537M-
$534M$586M
$517M$247M
$517M$216M
$513M$100M
$509M-
$508M-
$480M-
$475M$559M
$469M-
$464M$2.3B
$463M$106M
$462M$629M
$454M$44M
$454M$162M
$451M$52M
$448M$33M
$445M$79M
$439M-
$438M-
$437M$2M
$425M$85M
$420M$840M
$417M-
$416M$923M
$414M$64M
$402M$261M
$400M$42M
$394M-
$392M$272M
$389M$82M
$384M$131M
$384M-
$370M$82M
$367M$160M
$364M$297M
$363M$572K
$359M$730M
$358M$67M
$357M$300M
$353M$300M
$353M$50M
$353M$89M
$351M$75M
$330M-
$324M$87M
$317M$524M
$316M$112M
$308M$209M
$306M$84M
$292M$142M
$292M-
$285M$302M
$268M$119M
$263M$13M
$256M$103M
$248M$68M
$248M$145M
$241M$197M
$239M$140M
$236M$2M
$236M$148M
$234M$29M
$230M$213M
$229M-
$228M$371M
$225M$14M
$221M$221M
$219M-
$215M$257M
$211M$77M
$205M$106M
$204M$25M
$193M-
$193M$194M
$193M$28M
$189M$63M
$187M$11M
$183M$6M
$182M$82M
$181M$42M
$179M$2M
$178M-
$173M$103M
$165M$30M
$164M$71M
$163M-
$163M$202M
$161M$31M
$157M$353M
$155M$39M
$154M$10M
$151M$10M
$150M$662M
$149M$64M
$148M$72M
$148M$64M
$144M-
$141M-
$140M$70M
$137M$123M
$135M-
$134M-
$134M$40M
$133M$277M
$131M$365M
$130M$102M
$127M$166M
$126M$57M
$126M$49M
$125M$512M
$124M$147M
$122M$1.7B
$121M$31M
$120M-
$119M$40M
$119M$16M
$119M-
$117M$22M
$117M$247K
$116M$25M
$115M-
$113M$27M
$112M$4M
$110M-
$109M$44M
$104M$127M
$103M-
$102M$18M
$99M$16M
$99M-
$98M-
$98M-
$97M$91M
$93M$229M
$92M$81M
$91M$97M
$91M$123M
$87M$267M
$86M$6M
$85M$37M
$85M$37M
$83M-
$83M$11M
$80M-
$80M$53M
$79M$14M
$78M$253K
$78M$748K
$77M$21M
$76M$292M
$73M$11M
$72M$23M
$72M$85M
$70M$42M
$69M$59M
$69M$59M
$69M-
$68M-
$67M$1.3B
$67M-
$66M$13M
$66M$20M
$64M$19M
$63M-
$60M$7M
$60M$44M
$60M$10M
$59M$154K
$59M$3M
$59M$106M
$58M$23M
$55M$4M
$54M$12M
$54M-
$53M$8M
$52M-
$51M$24M
$50M$24M
$50M-
$50M$167M
$50M-
$48M$19M
$48M$3M
$47M$25M
$47M-
$47M-
$47M-
$47M-
$47M$45M
$46M$20M
$46M$794K
$46M$9M
$45M$114M
$45M-
$45M-
$44M-
$44M$13M
$44M-
$43M-
$43M$5M
$43M-
$42M$32M
$42M$2M
$42M-
$42M-
$41M-
$41M$38M
$40M$10M
$39M-
$39M$474M
$39M$32M
$37M-
$36M-
$36M-
$35M$82M
$35M$9M
$35M$12M
$35M$407M
$33M$1.8B
$33M$7M
$33M-
$33M$61M
$32M$513K
$32M$2M
$31M$4M
$30M$6M
$30M-
$29M-
$29M$48M
$29M-
$28M$55M
$28M$12M
$28M-
$28M$88M
$27M-
$27M-
$27M-
$26M$40M
$26M-
$24M$15M
$24M-
$24M-
$23M$39M
$22M-
$22M-
$21M-
$21M$26M
$21M$12M
$21M-
$19M-
$19M$7M
$19M-
$19M-
$19M$166M
$18M-
$18M-
$18M-
$18M-
$18M-
$18M$51M
$18M-
$17M-
$17M$3M
$17M$289K
$16M$17M
$16M-
$16M$16M
$16M$11M
$15M$53M
$15M-
$15M-
$15M$55M
$15M-
$14M-
$14M-
$14M-
$14M$10M
$14M-
$14M-
$14M$31M
$14M$4M
$13M-
$13M-
$13M$15M
$13M$39M
$12M$22M
$12M-
$12M$5M
$12M-
$11M$236K
$11M$19M
$11M-
$11M-
$11M-
$10M$112K
$10M-
$10M$4M
$9M-
$9M-
$9M-
$9M-
$8M-
$8M-
$8M-
$8M-
$8M-
$8M-
$7M-
$7M-
$7M-
$7M-
$7M$3M
$7M$1M
$7M-
$6M$3M
$6M-
$6M-
$6M$5M
$6M$7M
$6M-
$6M-
$6M$245M
$5M-
$5M-
$5M$622K
$5M-
$5M-
$5M$2M
$5M-
$4M-
$4M-
$4M-
$4M-
$4M$1M
$4M-
$3M-
$3M-
$3M-
$3M$2M
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M$31M
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M$1M
$1M-
$961K-
$939K-
$932K-
$882K$58K
$877K-
$628K-
$492K-
$464K-
$461K-
$293K-
$199K$75M
$151K-
$69K-
$64K-
$3K-
$2K-
$1K-
$1K-
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