October 2026
Largest Transportation & Logistics Software Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
Roper Technologies, Manhattan Associates, ServiceTitan, WEX and EquipmentShare.com.
 | Roper Technologies is a holding company focused on acquiring, managing, and developing niche market-leading technology businesses. The company operates a decentralized business model whereby each portfolio company operates independently from the others. Roper positions itself as a free cash flow compounder, whereby excess free cash flow generated by its portfolio businesses is repatriated to the parent company, which is then utilized to acquire additional businesses. Presently, the company operates 30 distinct businesses with over three-fourths of the revenue coming from software products and over two-thirds of revenue coming from recurring and reoccurring sources. | $438 | -2% | $43B | $53B | 6.7x | 16.7x | ||
| Manhattan Associates provides software that helps users manage their supply chains, inventory, and omnichannel operations. Customers are generally retailers, wholesalers, manufacturers, and logistics providers. The company was founded in 1990 and serves more than 1,200 customers worldwide. | $238 | +31% | $14B | $14B | 12.7x | 47.8x | ||
| ServiceTitan Inc is an end-to-end technology platform built for contractors to transform the performance of their businesses. The Company’s platform provides business owners, technicians, customer service representatives and other key office staff with technology tools designed to help customers grow revenue, drive operational efficiencies, deliver a superior end-customer experience and monitor key business drivers in real-time. The Company also has subsidiaries in Yerevan, Armenia and British Columbia, Canada that primarily serve as research and development and support centers. | $87 | -7% | $8.4B | $8B | 8.3x | (92.7x) | ||
| WEX Inc is a commerce platform that provides seamlessly embedded, personalized payments solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the top segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Its prime end market is the United States of America. | $197 | +35% | $6.7B | $6B | 2.2x | 6.0x | ||
| EquipmentShare.com Inc is a construction technology solutions and equipment rental company. It operates business through reportable segments: Equipment Rental and Services Operations, comprises of recurring activity performed at full-service branch locations, such as equipment rentals and related services (including allocated telematics revenue related to rental customer access to the T3 platform), and sales of parts, supplies and maintenance services to construction contractors and others; and Equipment Sales, comprises of sales of new or used equipment made at any of branch locations and dealership sites, equipment sales to participants in the OWN Program. Its activities also include telematics subscriptions, software applications, building materials and hardware supplies, and others. | $16 | -- | $4.1B | $8.6B | 2.0x | 12.2x | ||
| GigaCloud Technology Inc provides end-to-end and B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia with resellers in the U.S., Asia, and Europe to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price. It earns the majority of its revenue from the United States. | $58 | +104% | $2.1B | $2.2B | 1.7x | 14.0x | ||
| NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation, and Timing services in the absence of GPS. | $10 | -25% | $1.7B | $1.5B | 324.6x | (8.8x) | ||
| PowerFleet Inc is engaged in Internet-of-Things (IoT) solutions providing valuable business intelligence for managing high-value enterprise assets that improve operational efficiencies. It provide critical information that powers unified operations throughout organizations. It is solving the challenge of inefficient data collection, real-time visibility, and analysis that leads to transformative business operations. Its SaaS cloud-based applications take data from IoT devices and ecosystem of third-party and partner applications to present actionable information for customer. | IoT+1 | $3 | -48% | $358M | $627M | 1.4x | 8.3x | |
| Duos Technologies Group Inc operating under its brand name duostech, designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics and intermodal businesses that streamline operations, improve safety and reduce costs. The company's main offering, the Railcar Inspection Portal (RIP), provides both freight and transit railroad customers and select government agencies the ability to conduct fully automated railcar inspections of trains that are moving at full speed. It has also developed the Automated Logistics Information System (ALIS) which automates gatehouse operations where transport trucks enter and exit large logistics and intermodal facilities. Its segments are Rail, Commercial, Governments, Banking and AI. | $6 | -43% | $184M | $73M | 2.7x | (10.1x) | ||
| Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types. | $1 | -- | $89M | $70M | 56.6x | (1.3x) | ||
| CreateAI Holdings Inc is an applied artificial intelligence (AI) company that leverages research and integrates cutting-edge solutions with end-market applications to deliver tangible commercial value. It has developed AI solutions for autonomous trucking expertise to develop digital entertainment content for an audience. The Company has developed and launched its proprietary image-to-video model, Ruyi. This model continues to be developed and optimized for anime, comics, and gaming content development. It is also developing other generative AI tools that support its video games and anime projects. | $0 | -62% | $42M | - | - | - | ||
| Rekor Systems Inc is a roadway intelligence company focused on modernizing public safety, urban mobility, and transportation management through solutions. The company delivers services and solutions that collect, connect, and organize mobility data, providing real-time insights to support decision making, enhance situational awareness, enable rapid response, and support predictive analytics. The Company derives its revenues mainly from the licensing and sale of its roadway data and traffic management product and service offerings. These offerings include a mixture of data collection, implementation, engineering, customer support, and maintenance services, as well as software and hardware. The company operates in the United States and other regions. | $0 | -88% | $42M | $58M | 1.2x | (2.5x) | ||
| Tribal Rides International Corp is a transportation technology company creating the future of personal mobility with a, patented focus on autonomous vehicles. It is developing a cloud-based Systems as a Solution (SaaS) interface for a comprehensive social network and mobile application. The company's planned E-commerce module will enable users to create and manage their own personalized transportation experience; to form and/or join groups; collaborate on cost-saving strategies; find, schedule, obtain transportation services from within the groups in which it belong, and easily and securely conduct financial transactions. | $0 | -74% | $13M | $13M | - | (56.5x) | ||
| Median | $10 | -25% | $1.7B | $1.8B | 2.7x | 2.4x |
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