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Alight Valuation Multiples

Discover Alight's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Prestige International, Quadient, IBEX, TaskUs and more.

Alight Overview

About Alight

Alight Inc is a technology-enabled services company delivering human capital management solutions to many complex organizations. This includes the implementation and administration of employee benefits (e.g., health, wealth, and leave benefits) solutions, which currently operate under one reportable segment, Employer Solutions. The Employer Solutions segment is driven by the Alight Worklife platform, and includes integrated benefits administration, healthcare navigation, financial well-being, leave of absence management, and retiree healthcare. Geographically, the company generates the majority of its revenue from the United States.


Founded

2018

HQ

United States

Employees

9.5K

Website

alight.com

Financials (LTM)

Revenue: $2B
EBITDA: $507M

EV

$2B

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Alight Financials

Alight reported last 12-month revenue of $2B and EBITDA of $507M.

In the same LTM period, Alight generated $779M in gross profit, $507M in EBITDA, and $220M in net income.

Revenue (LTM)


Alight P&L

In the most recent fiscal year, Alight reported revenue of $2B and EBITDA of $561M.

Alight is profitable as of last fiscal year, with gross margin of 34%, EBITDA margin of 25%, and net margin of 12%.

See analyst estimates for Alight
LTMLast FY202320242025202620272028
Revenue$2B$2B$3B$2B$2B
Gross Profit$779M$765M$1B$794M$765M
Gross Margin35%34%33%34%34%
EBITDA$507M$561M$186M$350M($3B)
EBITDA Margin23%25%5%15%(113%)
EBIT Margin16%17%1%(4%)2%
Net Profit$220M$266M($345M)($157M)($3B)
Net Margin10%12%(10%)(7%)(137%)
Net Debt-$2B---

Financial data powered by Morningstar, Inc.

Alight Stock Performance

Alight has current market cap of $500M, and enterprise value of $2B.

Market Cap Evolution


Alight's stock price is $0.95.

Alight share price increased by 0.7% in the last 30 days, and decreased by 83.2% in the last year.

Alight has an EPS (earnings per share) of $0.50.

See more trading valuation data for Alight
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$500M0.7%0.7%62.8%-83.2%$0.50

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Alight Valuation Multiples

Alight trades at 1.1x EV/Revenue multiple, and 4.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Alight

EV / Revenue (LTM)


Alight Financial Valuation Multiples

As of June 2, 2026, Alight has market cap of $500M and EV of $2B.

Alight has a P/E ratio of 2.3x.

LTMLast FY202320242025202620272028
EV/Revenue1.1x1.1x0.7x1.0x1.1x
EV/EBITDA4.8x4.3x13.1x7.0x(1.0x)
EV/EBIT6.9x6.3x51.8x(27.1x)71.6x
EV/Gross Profit3.1x3.2x2.1x3.1x3.2x
P/E2.3x1.9x(1.4x)(3.2x)(0.2x)
EV/FCF9.7x9.7x10.8x18.6x9.7x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Alight Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Alight Margins & Growth Rates

Alight decreased revenue by 5% and EBITDA by 23% in the last fiscal year.

In the most recent fiscal year, Alight reported gross margin of 34%, EBITDA margin of 25%, and net margin of 12%.

See estimated margins and future growth rates for Alight

Alight Margins

Last FY202420252026202720282029
Gross Margin34%34%34%33%
EBITDA Margin25%15%(113%)20%
EBIT Margin17%(4%)2%14%
Net Margin12%(7%)(137%)7%
FCF Margin11%6%11%-

Alight Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(5%)(32%)(3%)(5%)
Gross Profit Growth(6%)(30%)(4%)(6%)
EBITDA Growth(23%)88%(832%)(117%)
EBIT Growth(20%)(291%)(138%)810%
Net Profit Growth(41%)(54%)1873%(105%)
FCF Growth-(42%)91%-

Data powered by FactSet, Inc. and Morningstar, Inc.

Alight Operational KPIs

Alight's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Alight's Rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Alight's Rule of X is 7% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Alight
LTMLast FY202320242025202620272028
Rule of 4020%15%---
Bessemer Rule of X15%7%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.1M---
Opex to Revenue-32%32%38%32%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Alight Competitors

Alight competitors include Prestige International, Quadient, IBEX, TaskUs, Capita, MPS, BellSystem24, Quess Corp, NIIT Learning Systems and Information Services Corporation.

Most Alight public comparables operate across BPO Services.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Prestige International0.9x0.8x5.4x-
Quadient1.1x1.1x4.8x4.8x
IBEX0.9x0.8x6.6x5.8x
TaskUs0.8x0.8x4.0x4.1x
Capita0.4x0.4x5.0x5.1x
MPS4.1x4.0x12.2x-
BellSystem241.0x1.0x6.7x7.0x
Quess Corp0.2x0.2x9.0x9.1x

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Alight VC Funding History

Before going public, Alight raised $93M in total equity funding, across 5 rounds.


Alight Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Aug-23Secondary - public-$23M-Alight Solutions is a leading cloud-based human capital technology and services provider powering health, wealth, and wellbeing decisions for 36 million people through its Alight Worklife platform. On August 22, 2023, funds affiliated with Blackstone Inc. and Jasmine Ventures commenced a secondary public offering of up to 22,500,000 shares of Alight's Class A common stock, with Alight not selling shares or receiving proceeds. Concurrently, Alight agreed to repurchase $10 million of its shares from the selling stockholders. Alight reported full year 2023 revenue of $3.41 billion, up 8.9% from $3.13 billion in 2022, driven by 9.0% growth in Employer Solutions and 13.5% in Professional Services, with recurring revenues at 84.0% of total or $2.86 billion. Q2 2023 revenue reached $806 million, up 12.7% year-over-year, with Employer Solutions revenue growing 13.5% to $697 million and recurring revenues comprising 84.7%. The company secured $3 billion in revenue under contract for 2024 and generated $386 million in annual cash from operations in 2023, up $100 million from prior year.
Jun-18Series A-$3M--
Sep-17Undisclosed stage-$22M--
Jun-17Series ACaterpillar Ventures$11M-Alight is a San Francisco-based SaaS provider of industry-specific financial forecasting and scenario analysis software. The platform enables executives to understand the financial impact of operational and purchasing decisions across their enterprises, with initial focus on the mining and mortgage banking sectors. In June 2017, Alight closed a Series A funding round of $11 million led by Caterpillar Venture Capital, with additional participation from a consortium of Bay Area tech investors including Alight chairman Steven Berger. The funding was intended to support expansion of the company's mining and mortgage verticals, with plans to launch a pharmaceuticals module in the third quarter of 2017. At the time of the investment, the company reported that nearly 40 of the nation's largest independent mortgage banking firms, including half of the top 10, were using its mortgage platform. Caterpillar's investment was strategic, aimed at helping its customer base improve financial forecasting and understand the financial implications of equipment purchases and operational decisions.
Dec-13Undisclosed stage-$35M--

Acquisitions by Alight

Alight has acquired 6 companies to date.

Last acquisition by Alight was on November 5th 2022. Alight acquired Reed Group for $87M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Alight

Reed Group
ConsumerMedical, an Alight company
NGA HR (NorthgateArinso)
Hodges-Mace
Description
Denver-based Reed Group develops absence management software, content, and consulting services to optimize return-to-work outcomes. The firm assists employers, brokers, and consultants in evaluating programs and implementing policies compliant with U.S. regulations like FMLA.
ConsumerMedical, an Alight company, leads in clinical advocacy, decision support, and expert second opinions for healthcare navigation. Serving large employers, health plans, and exchanges, it delivers integrated solutions including Medical Decision Support, Surgery Decision Support, Expert Medical Opinion, Claims Advocacy, Cancer Quality analysis, and predictive outreach at consumermedical.com.
NGA HR, formerly NorthgateArinso, is a global HR technology and outsourcing provider headquartered in Belgium with operations across Europe and Asia. The company delivers payroll processing, talent management, and compliance solutions through its myNGA platform, serving multinational enterprises in 190 countries. Acquired by Adecco in 2015, NGA HR integrates with SAP SuccessFactors for end-to-end workforce administration.
Hodges-Mace is an Atlanta-headquartered provider of employee benefits communication and enrollment services to Fortune 500 employers across the United States. Founded in 2004, the company specializes in open enrollment platforms, benefits decision support tools, and personalized communications that reach over 10 million employees annually. It partners with insurers like UnitedHealthcare and Aetna, emphasizing high-touch service for fewer, larger clients to deliver customized solutions through its proprietary technology platform.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Denver, CO
Boston, MA
Jacksonville, FL
Atlanta, GA
Deal Date5 Nov 202226 Aug 202122 Aug 20192 Jul 2019
Valuation$87Mundisclosedundisclosed$300M
EV/Revenue
EV/EBITDA

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About Alight

When was Alight founded?Alight was founded in 2018.
Where is Alight headquartered?Alight is headquartered in United States.
How many employees does Alight have?As of today, Alight has over 9K employees.
Who is the CEO of Alight?Alight's CEO is Rohit Verma.
Is Alight publicly listed?Yes, Alight is a public company listed on NYSE.
What is the stock symbol of Alight?Alight trades under ALIT ticker.
When did Alight go public?Alight went public in 2021.
Who are competitors of Alight?Alight main competitors include Prestige International, Quadient, IBEX, TaskUs, Capita, MPS, BellSystem24, Quess Corp, NIIT Learning Systems, Information Services Corporation.
What is the current market cap of Alight?Alight's current market cap is $500M.
What is the current revenue of Alight?Alight's last 12 months revenue is $2B.
What is the current revenue growth of Alight?Alight revenue growth (NTM/LTM) is (3%).
What is the current EV/Revenue multiple of Alight?Current revenue multiple of Alight is 1.1x.
What is the current EBITDA of Alight?Alight's last 12 months EBITDA is $507M.
What is Alight's EBITDA margin?Alight's last 12 months EBITDA margin is 23%.
What is the current EV/EBITDA multiple of Alight?Current EBITDA multiple of Alight is 4.8x.
What is the current FCF of Alight?Alight's last 12 months FCF is $250M.
What is Alight's FCF margin?Alight's last 12 months FCF margin is 11%.
What is the current EV/FCF multiple of Alight?Current FCF multiple of Alight is 9.7x.
How many companies Alight has acquired to date?As of June 2026, Alight has acquired 6 companies.
In how many companies Alight has invested to date?Alight hasn't invested in any companies yet (or none have been disclosed publicly).

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