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Covista Valuation Multiples

Discover revenue and EBITDA valuation multiples for Covista and similar public comparables like Grand Canyon Education, Laureate Education, Fibra Educa, Graham Holdings and more.

Covista Overview

About Covista

Covista Inc is an American healthcare educator, serving more than 97,000 students and supported by a community of alumni across five accredited institutions. Through personalized, tech-enabled education powered by faculty and colleagues, it expands access to healthcare careers and addresses the U.S. healthcare workforce shortage at scale.


Founded

1987

HQ

United States

Employees

10.4K

Financials (LTM)

Revenue: $2B
EBITDA: $508M

EV

$5B

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Covista Financials

Covista reported last 12-month revenue of $2B and EBITDA of $508M.

In the same LTM period, Covista generated $1B in gross profit, $508M in EBITDA, and $283M in net income.

Revenue (LTM)


Covista P&L

In the most recent fiscal year, Covista reported revenue of $2B and EBITDA of $460M.

Covista is profitable as of last fiscal year, with gross margin of 57%, EBITDA margin of 26%, and net margin of 14%.

See analyst estimates for Covista
LTMLast FY202320242025202620272028
Revenue$2B$2B$2B$2B$2B
Gross Profit$1B$1B$844M$951M$1B
Gross Margin57%57%56%56%57%
EBITDA$508M$460M$326M$377M$471M
EBITDA Margin27%26%22%22%25%
EBIT Margin21%21%15%18%20%
Net Profit$283M$256M$115M$187M$262M
Net Margin15%14%8%11%14%
Net Debt—$353M———

Financial data powered by Morningstar, Inc.

Covista Stock Performance

Covista has current market cap of $4B, and enterprise value of $5B.

Market Cap Evolution


Covista's stock price is $128.48.

Covista share price increased by 11.5% in the last 30 days.

Covista has an EPS (earnings per share) of $7.51.

See more trading valuation data for Covista
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$5B$4B-1.3%11.5%31.1%—$7.51

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Covista Valuation Multiples

Covista trades at 2.6x EV/Revenue multiple, and 9.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Covista

EV / Revenue (LTM)


Covista Financial Valuation Multiples

As of May 13, 2026, Covista has market cap of $4B and EV of $5B.

Covista has a P/E ratio of 15.4x.

LTMLast FY202320242025202620272028
EV/Revenue2.6x2.8x3.3x2.9x2.7x
EV/EBITDA9.8x10.8x15.2x13.2x10.5x
EV/EBIT12.4x13.4x21.1x16.6x13.2x
EV/Gross Profit4.5x4.9x5.9x5.2x4.7x
P/E15.4x17.1x38.0x23.4x16.7x
EV/FCF15.9x17.3x24.0x18.6x16.4x

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

Verified Covista 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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Covista Margins & Growth Rates

Covista grew revenue by 8% and EBITDA by 12% in the last fiscal year.

In the most recent fiscal year, Covista reported gross margin of 57%, EBITDA margin of 26%, and net margin of 14%.

See estimated margins and future growth rates for Covista

Covista Margins

Last FY202420252026202720282029
Gross Margin57%56%57%58%
EBITDA Margin26%22%25%27%
EBIT Margin21%18%20%21%
Net Margin14%11%14%15%
FCF Margin16%16%16%16%

Covista Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth8%11%10%7%
Gross Profit Growth9%13%12%9%
EBITDA Growth12%15%25%13%
EBIT Growth10%27%25%13%
Net Profit Growth12%62%40%13%
FCF Growth10%29%13%4%

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

Covista Operational KPIs

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

Covista's Rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Covista's Rule of X is 45% (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 Covista
LTMLast FY202320242025202620272028
Rule of 4033%34%———
Bessemer Rule of X44%45%———
Revenue per Employee—$0.2M———
Opex per Employee—$0.1M———
Opex to Revenue—38%40%39%36%

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

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Covista Competitors

Covista competitors include Grand Canyon Education, Laureate Education, Fibra Educa, Graham Holdings, Duolingo, Stride, Bright Horizons Family, East Buy, Adtalem Global Education and COL Group.

Most Covista public comparables operate across Education & Training.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Grand Canyon Education3.7x3.6x11.2x10.9x
Laureate Education3.0x2.9x9.9x9.5x
Fibra Educa16.5x16.7x13.3x—
Graham Holdings1.0x1.0x6.6x—
Duolingo3.6x3.4x12.4x12.3x
Stride1.4x1.4x6.1x5.7x
Bright Horizons Family1.8x1.8x11.0x10.8x
East Buy4.4x3.6x171.2x33.1x

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About Covista

When was Covista founded?Covista was founded in 1987.
Where is Covista headquartered?Covista is headquartered in United States.
How many employees does Covista have?As of today, Covista has over 10K employees.
Is Covista publicly listed?Yes, Covista is a public company listed on NYSE.
What is the stock symbol of Covista?Covista trades under CVSA ticker.
When did Covista go public?Covista went public in 1991.
Who are competitors of Covista?Covista main competitors include Grand Canyon Education, Laureate Education, Fibra Educa, Graham Holdings, Duolingo, Stride, Bright Horizons Family, East Buy, Adtalem Global Education, COL Group.
What is the current market cap of Covista?Covista's current market cap is $4B.
What is the current revenue of Covista?Covista's last 12 months revenue is $2B.
What is the current revenue growth of Covista?Covista revenue growth (NTM/LTM) is 7%.
What is the current EV/Revenue multiple of Covista?Current revenue multiple of Covista is 2.6x.
Is Covista profitable?Yes, Covista is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Covista?Covista's last 12 months EBITDA is $508M.
What is Covista's EBITDA margin?Covista's last 12 months EBITDA margin is 27%.
What is the current EV/EBITDA multiple of Covista?Current EBITDA multiple of Covista is 9.8x.
What is the current FCF of Covista?Covista's last 12 months FCF is $313M.
What is Covista's FCF margin?Covista's last 12 months FCF margin is 16%.
What is the current EV/FCF multiple of Covista?Current FCF multiple of Covista is 15.9x.
How many companies Covista has acquired to date?Covista hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Covista has invested to date?Covista hasn't invested in any companies yet (or none have been disclosed publicly).

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