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Commerce.com Valuation Multiples
Discover revenue and EBITDA valuation multiples for Commerce.com and similar public comparables like 91APP, BASE, Coveo Solutions, Shoper and more.
Commerce.com Overview
About Commerce.com
Commerce.com Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which majority of its revenue is generated from Americas-U.S.
Founded
2003
HQ
Employees
1.2K
Website
Sectors
Financials (LTM)
EV
$284M
Commerce.com Financials
Commerce.com reported last 12-month revenue of $346M and EBITDA of $36M.
In the same LTM period, Commerce.com generated $274M in gross profit, $36M in EBITDA, and $25M in net income.
Revenue (LTM)
Commerce.com P&L
In the most recent fiscal year, Commerce.com reported revenue of $342M and EBITDA of $32M.
Commerce.com expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $346M | XXX | $342M | XXX | XXX | XXX |
| Gross Profit | $274M | XXX | $270M | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 79% | XXX | XXX | XXX |
| EBITDA | $36M | XXX | $32M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $25M | XXX | $21M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $113M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Commerce.com Stock Performance
Commerce.com has current market cap of $259M, and enterprise value of $284M.
Market Cap Evolution
Commerce.com's stock price is $3.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $284M | $259M | 7.1% | XXX | XXX | XXX | $0.25 |
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Start Free TrialCommerce.com Valuation Multiples
Commerce.com trades at 0.8x EV/Revenue multiple, and 7.8x EV/EBITDA.
EV / Revenue (LTM)
Commerce.com Financial Valuation Multiples
As of April 22, 2026, Commerce.com has market cap of $259M and EV of $284M.
Equity research analysts estimate Commerce.com's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Commerce.com has a P/E ratio of 10.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $259M | XXX | $259M | XXX | XXX | XXX |
| EV (current) | $284M | XXX | $284M | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.8x | XXX | 8.9x | XXX | XXX | XXX |
| EV/EBIT | 9.0x | XXX | 10.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.0x | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 10.2x | XXX | 12.5x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 17.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Commerce.com 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.
Commerce.com Margins & Growth Rates
Commerce.com's revenue in the last 12 month grew by 4%.
Commerce.com's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Commerce.com's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Commerce.com's rule of X is 21% (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).
Commerce.com Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 31% | XXX | 46% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 21% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 37% | XXX | 40% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | 16% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 19% | XXX | 21% | XXX | XXX | XXX |
| Opex to Revenue | 70% | XXX | 80% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Commerce.com Public Comps
See public comps and valuation multiples for other E-commerce Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Commerce.com | XXX | XXX | XXX | XXX | XXX | XXX |
| 91APP | XXX | XXX | XXX | XXX | XXX | XXX |
| BASE | XXX | XXX | XXX | XXX | XXX | XXX |
| Coveo Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Shoper | XXX | XXX | XXX | XXX | XXX | XXX |
| A2Z Cust2Mate | 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.
Commerce.com M&A Activity
Commerce.com acquired XXX companies to date.
Last acquisition by Commerce.com was on XXXXXXXX, XXXXX. Commerce.com acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Commerce.com
| 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 TrialCommerce.com Investment Activity
Commerce.com invested in XXX companies to date.
Commerce.com made its latest investment on XXXXXXXX, XXXXX. Commerce.com invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Commerce.com
| 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 Commerce.com
| When was Commerce.com founded? | Commerce.com was founded in 2003. |
| Where is Commerce.com headquartered? | Commerce.com is headquartered in United States. |
| How many employees does Commerce.com have? | As of today, Commerce.com has over 1K employees. |
| Who is the CEO of Commerce.com? | Commerce.com's CEO is Travis Hess. |
| Is Commerce.com publicly listed? | Yes, Commerce.com is a public company listed on Nasdaq. |
| What is the stock symbol of Commerce.com? | Commerce.com trades under CMRC ticker. |
| When did Commerce.com go public? | Commerce.com went public in 2020. |
| Who are competitors of Commerce.com? | Commerce.com main competitors are 91APP, BASE, Coveo Solutions, Shoper. |
| What is the current market cap of Commerce.com? | Commerce.com's current market cap is $259M. |
| What is the current revenue of Commerce.com? | Commerce.com's last 12 months revenue is $346M. |
| What is the current revenue growth of Commerce.com? | Commerce.com revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Commerce.com? | Current revenue multiple of Commerce.com is 0.8x. |
| Is Commerce.com profitable? | Yes, Commerce.com is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Commerce.com? | Commerce.com's last 12 months EBITDA is $36M. |
| What is Commerce.com's EBITDA margin? | Commerce.com's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Commerce.com? | Current EBITDA multiple of Commerce.com is 7.8x. |
| What is the current FCF of Commerce.com? | Commerce.com's last 12 months FCF is $22M. |
| What is Commerce.com's FCF margin? | Commerce.com's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Commerce.com? | Current FCF multiple of Commerce.com is 13.1x. |
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