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Byrna Valuation Multiples
Discover revenue and EBITDA valuation multiples for Byrna and similar public comparables like Outdoor Holding, AIRO Group, Orbit Technologies, Draganfly and more.
Byrna Overview
About Byrna
Byrna Technologies Inc is a designer, manufacturer, retailer, and distributor of technological solutions for security situations that do not require the use of lethal force. The company generates its revenue from the United States, South Africa, Europe, South America, Asia, and Canada.
Founded
2005
HQ

Employees
159
Website
Financials (LTM)
EV
$275M
Byrna Financials
Byrna reported last 12-month revenue of $123M and EBITDA of $17M.
In the same LTM period, Byrna generated $75M in gross profit, $17M in EBITDA, and $10M in net income.
Revenue (LTM)
Byrna P&L
In the most recent fiscal year, Byrna reported revenue of $118M and EBITDA of $16M.
Byrna expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $123M | XXX | $118M | XXX | XXX | XXX |
| Gross Profit | $75M | XXX | $71M | XXX | XXX | XXX |
| Gross Margin | 61% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $17M | XXX | $16M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $10M | XXX | $10M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Byrna Stock Performance
Byrna has current market cap of $288M, and enterprise value of $275M.
Market Cap Evolution
Byrna's stock price is $12.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $275M | $288M | 0.0% | XXX | XXX | XXX | $0.43 |
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Start Free TrialByrna Valuation Multiples
Byrna trades at 2.2x EV/Revenue multiple, and 15.8x EV/EBITDA.
EV / Revenue (LTM)
Byrna Financial Valuation Multiples
As of March 15, 2026, Byrna has market cap of $288M and EV of $275M.
Equity research analysts estimate Byrna's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Byrna has a P/E ratio of 28.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $288M | XXX | $288M | XXX | XXX | XXX |
| EV (current) | $275M | XXX | $275M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 15.8x | XXX | 16.9x | XXX | XXX | XXX |
| EV/EBIT | 21.8x | XXX | 23.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.7x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 28.4x | XXX | 29.7x | XXX | XXX | XXX |
| EV/FCF | (126.7x) | XXX | (29.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Byrna 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.


Byrna Margins & Growth Rates
Byrna's revenue in the last 12 month grew by 15%.
Byrna's revenue per employee in the last FY averaged $0.8M.
Byrna's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Byrna's rule of X is 51% (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).
Byrna Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 28% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 29% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 51% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Byrna Public Comps
See public comps and valuation multiples for other Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Outdoor Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| AIRO Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Orbit Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Draganfly | XXX | XXX | XXX | XXX | XXX | XXX |
| Primoco UAV | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Byrna M&A Activity
Byrna acquired XXX companies to date.
Last acquisition by Byrna was on XXXXXXXX, XXXXX. Byrna acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Byrna
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialByrna Investment Activity
Byrna invested in XXX companies to date.
Byrna made its latest investment on XXXXXXXX, XXXXX. Byrna invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Byrna
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Byrna
| When was Byrna founded? | Byrna was founded in 2005. |
| Where is Byrna headquartered? | Byrna is headquartered in United States. |
| How many employees does Byrna have? | As of today, Byrna has over 159 employees. |
| Who is the CEO of Byrna? | Byrna's CEO is Bryan S. Ganz. |
| Is Byrna publicly listed? | Yes, Byrna is a public company listed on Nasdaq. |
| What is the stock symbol of Byrna? | Byrna trades under BYRN ticker. |
| When did Byrna go public? | Byrna went public in 2006. |
| Who are competitors of Byrna? | Byrna main competitors are Outdoor Holding, AIRO Group, Orbit Technologies, Draganfly. |
| What is the current market cap of Byrna? | Byrna's current market cap is $288M. |
| What is the current revenue of Byrna? | Byrna's last 12 months revenue is $123M. |
| What is the current revenue growth of Byrna? | Byrna revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Byrna? | Current revenue multiple of Byrna is 2.2x. |
| Is Byrna profitable? | Yes, Byrna is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Byrna? | Byrna's last 12 months EBITDA is $17M. |
| What is Byrna's EBITDA margin? | Byrna's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Byrna? | Current EBITDA multiple of Byrna is 15.8x. |
| What is the current FCF of Byrna? | Byrna's last 12 months FCF is ($2M). |
| What is Byrna's FCF margin? | Byrna's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Byrna? | Current FCF multiple of Byrna is (126.7x). |
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