May 2026
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Largest Wearables Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Apple, Samsung, Garmin, Huaqin Technology and Goertek.
 | Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple’s iPhone makes up a majority of the firm sales, and Apple’s other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple’s sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution. | $311 | +55% | $4.6T | $4.6T | 11.0x | 31.7x | ||
 | Samsung Electronics is a diversified electronics conglomerate that manufactures and sells a wide range of products including smartphones, televisions, home appliances, telecommunications network equipment, as well as electronic and device components such as semiconductors and flat panel displays. Samsung is the world's largest manufacturer of smartphones and televisions as well as memory semiconductor products. The Manufacturing and sale of mobile phones and semiconductors make up >70% of both the company’s revenue as well as its profit. | $195 | +426% | $1.3T | $1.2T | 5.1x | 18.6x | ||
 | Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company’s product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe. | $238 | +17% | $46B | $43B | 6.0x | 21.0x | ||
 | Huaqin Technology Co Ltd is engaged in the research & development, design, manufacturing, and operation of intelligent hardware products. The company operates four businesses: smart terminal business; high-performance computing business; automotive electronics and industrial products business; and artificial intelligence & internet of things (AIoT) business. | $15 | +53% | $16B | $17B | 0.7x | 18.1x | ||
| Goertek Inc is a China-based company engaged in precision components, intelligent acoustic devices, and intelligent hardware. Its products include miniature speakers, speaker modules, wireless charging devices, antennas, micro-nano optical components, MEMS sensors, microsystem modules, precision structural parts, smart wireless earphones, smart speakers, VR, MR, and AR devices, smart wearables, gaming consoles and accessories, and other smart home products. | $4 | +37% | $15B | $15B | 1.0x | 11.7x | ||
 | GN Store Nord is a Danish company offering medical and audio solutions. The group comprises three businesses: Hearing (about 40% of sales), Enterprise (40%), and Gaming (20%). GN Hearing offers hearing aids and competes globally with Sonova, Demant, Starkey, and WS Audiology (formerly Sivantos and Widex). GN Enterprise provides headsets and speakerphones to the enterprise market, including contact centers and offices. GN recently acquired SteelSeries, a provider of gaming accessories such as headsets and keyboards, thereby forming the Gaming division. The company has positioned itself as a major player in the Unified Communication-enabled headsets market. The firm's premium brands are Resound in hearing, Jabra in headsets, and SteelSeries in gaming. | $15 | +2% | $2B | $4B | 1.4x | 8.8x | ||
 | HTC Corporation is a Taiwanese consumer electronics company. The company is engaged in designing, manufacturing, assembling, processing, and selling smart mobile and virtual reality devices and after-sales services. Its products include smartphones, tablets, cameras, wearable fitness devices, Blockchain phones, Vive, and virtual reality headsets. The company’s operations are mainly in the research, design, manufacture and sale of virtual reality devices and smart mobile devices, which accounts for majority of the total revenue. | $1 | +17% | $1B | $962M | 10.4x | 3.4x | ||
| Yunding Technology Co Ltd is a high-tech company focusing on the intelligent industry of the energy industry. It focuses its development strategy on the field of industrial Internet services and develops in-depth in the field of mining industrial intelligence and coal gasification technology, providing customers with integrated system research and development, design, operation, and maintenance. | IoT+1 | $1 | -- | $995M | $888M | 3.9x | 39.0x | |
 | Catapult is a technology company that provides analytics solutions to the global sports industry. It is the world’s largest sports technology company for professional sports teams and helps over 5,000 teams in over 40 different sports to gain a competitive edge through athlete monitoring, video analysis, and athlete lifecycle management. | $3 | -39% | $777M | $776M | 6.7x | 44.1x | ||
| Vuzix Corp is engaged in the design, manufacture, and marketing of Artificial Intelligence (AI)-powered Smart Glasses, Waveguides, and Augmented Reality (AR) technologies. Its solutions serve the enterprise, medical, defense, security, and select consumer markets, offering cutting-edge wearable computing and display technologies that enhance productivity and operational efficiency. Its products include near-eye displays (NEDs), heads-up displays (HUDs), and wearable computing devices. Geographically, the company generates a majority of its revenue from the United States and also has a presence in Japan, the Netherlands, and other countries. | VR & AR+2 | $5 | +62% | $393M | $384M | 61.1x | (13.1x) | |
| Angel Robotics Co Ltd is a company which is engaged in the business of researching, developing, manufacturing, and selling intelligent wearable robots. It manufactures and sell their core products, angel MEDI (wearable robot specializing in rehabilitation medicine), angel GEAR (industrial wearable robot), angel SUIT (wearable robot for daily life assistance), and angel KIT (core robot parts such as motor drivers and smart actuators). The company is engaged in business such as research and development services for wearable robots for defense purposes. | $17 | +11% | $261M | $244M | 79.3x | (47.5x) | ||
 | Xplora Technologies AS is engaged in the retail sale of smart devices and wearable technology. The company offers kids watches, senior watches, speakers, cameras, chargers, and other related accessories. The company’s main revenue drivers are Sales of devices, such as connected and non-connected smartwatches. Geographically, it derives a majority of its revenue from Germany. | $5 | +19% | $223M | $268M | 1.3x | 10.1x | ||
 | Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. | $9 | +247% | $129M | $301M | 1.2x | (11.9x) | ||
| Mobvoi Inc is engaged in providing AIGC solutions, AI enterprise solutions, smart devices and accessories with generative AI and voice interaction technologies at the core of business. Its business segments consist of AI Software Solutions, which comprise AIGC solutions and AI enterprise solutions; and Smart Devices and Other Accessories. Key revenue is generated from AI Software Solutions. The company geographically operates in Mainland China and Other Countries. | $0 | +9% | $80M | $52M | 1.1x | (6.2x) | ||
 | Tobii AB, along with its subsidiaries, provides eye-tracking solutions. The group comprises three business units: Tobii Dynavox, Tobii Pro and Tobii Tech. Tobii Dynavox provides assistive technology for communication. Tobii Pro is a provider of eye-tracking solutions and services to study human behavior. Tobii Tech provides eye-tracking components and platforms. Business operations of the company are functioned through Sweden, Europe, the USA, Asia/Oceania, and Other countries. It derives a majority of revenue from the USA. | $0 | -28% | $66M | $119M | 1.3x | 3.5x | ||
 | AMA Corp PLC specializes in the development of remote assistance, inspection, and training solutions involving connected glasses, a dedicated smartphone, and external video sources such as webcams, thermographic cameras, endoscopes, microscopes, and others. Geographically the company operates in Europe, which includes subsidiaries in France, Germany, the UK, Romania, Italy and Spain and which invoice customers in Europe; North America, which includes subsidiaries in the United States and Canada and which invoice customers in the North American area; and lastly Asia, which includes subsidiaries in Hong Kong, Shanghai and Japan and which invoice customers in the Asia area. | $0 | -51% | $7M | $8M | 3.4x | (1.4x) | ||
| Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products include Lucyd Lyte, Nautica, Eddie Bauer, Lucyd Armor line, and Reebok. | $1 | -68% | $7M | $855K | 0.3x | (0.1x) | ||
 | Wearable Devices Ltd develops and sells human-machine interface solutions for the smart wearables industry. These digital devices include consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, PCs, laptop computers, drones, robots, etc. The company has completed the transition phase from research and development to commercialization of technology into B2B and B2C products. Its products include Mudra Inspire, a band for the Apple Watch that allows touchless operation and control of Apple ecosystem devices such as iPhone, Mac computer, Apple TV, and iPad, inter alia. | $1 | -46% | $6M | ($12M) | (19.0x) | 1.5x | ||
| HitIQ Ltd is engaged in providing software that delivers a platform for measuring and managing head impact exposures. The Portal allows users to quantify exposures across individual players, positions, drills and periods. These insights are used to identify, manage and manipulate contact drills to reduce head impact exposures. Its operating segment includes HITIQ Mouthguard Technology and CSX Concussion Assessment App. The company generates maximum revenue from the HITIQ Mouthguard Technology segment. | $0 | -- | $5M | $9M | 17.7x | (2.1x) | ||
| Omni Health Inc is a vertically integrated healthcare company operating a pharmacy provider and focused on developing and distributing anti-aging products. | $0 | -- | $293K | $293K | - | - | ||
| Median | $3 | +17% | $327M | $342M | 3.4x | 3.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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