Emerald Holding - Public Comps and Valuation Multiples

Emerald Holding Overview

About Emerald Holding

Emerald Holding Inc is a business-to-business (B2B) event organizer principally in the United States. The company is engaged in three complementary business lines; Connections division consists of a collection of B2B trade show franchises and other live events that provide exhibitors opportunities to engage with buyers and expand their brand’s awareness in their industry; the Content division consists of B2B print publications and digital media products that complement existing trade show properties, and the Commerce division which offers software-as-a-service technology that enables year-round B2B buying and selling through Elastic Suite and Bulletin platforms for use by its customers. The Majority of the revenue for the company is generated from its Connections segment.

Founded

2013

HQ

Employees

697

Website

emeraldx.com

Sectors

Events

Financials

LTM Revenue $444M

LTM EBITDA $118M

EV

$1.3B

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Emerald Holding Financials

As of August 2025, Emerald Holding reported last 12-month revenue of $444M and EBITDA of $118M.

In the same period, Emerald Holding generated $278M in LTM gross profit and $9.1M in net income.

See Emerald Holding valuation multiples based on analyst estimates

Emerald Holding P&L

In the most recent fiscal year, Emerald Holding reported revenue of $399M and EBITDA of $83.6M.

Emerald Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Emerald Holding valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$444M	XXX	$399M	XXX	XXX	XXX
Gross Profit	$278M	XXX	$251M	XXX	XXX	XXX
Gross Margin	63%	XXX	63%	XXX	XXX	XXX
EBITDA	$118M	XXX	$83.6M	XXX	XXX	XXX
EBITDA Margin	27%	XXX	21%	XXX	XXX	XXX
EBIT	$65.3M	XXX	$52.6M	XXX	XXX	XXX
EBIT Margin	15%	XXX	13%	XXX	XXX	XXX
Net Profit	$9.1M	XXX	$2.2M	XXX	XXX	XXX
Net Margin	2%	XXX	1%	XXX	XXX	XXX
Net Debt	XXX	XXX	$208M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Emerald Holding including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $444M. EBITDA for the last twelve months was $118M. In the most recent fiscal year, Emerald Holding achieved $399M in revenue and $83.6M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$444M	Analyst estimates available to subscribers	$399M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$278M	Analyst estimates available to subscribers	$251M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	62.6% gross margin	Analyst estimates available to subscribers	63.0% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$118M	Analyst estimates available to subscribers	$83.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	26.6% EBITDA margin	Analyst estimates available to subscribers	21.0% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$65.3M	Analyst estimates available to subscribers	$52.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	14.7% EBIT margin	Analyst estimates available to subscribers	13.2% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$9.1M	Analyst estimates available to subscribers	$2.2M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	2.1% net profit margin	Analyst estimates available to subscribers	0.6% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$208M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Emerald Holding

This financial data table provides comprehensive performance metrics for Emerald Holding, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Emerald Holding generated $444M in revenue over the last twelve months.
The company achieved $118M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $278M.
Net income over the last twelve months reached $9.1M.

Fiscal Year Performance

In the most recent fiscal year, Emerald Holding reported $399M in total revenue.
Fiscal year EBITDA was $83.6M.
The company maintained a gross profit margin of 63.0% in the most recent fiscal year.
EBITDA margin for the fiscal year was 21.0%.
Net profit margin reached 0.6% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Emerald Holding. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Emerald Holding Stock Performance

Emerald Holding has current market cap of $980M, and EV of $1.3B.

Market Cap Evolution

Emerald Holding Stock Data

As of September 12, 2025, Emerald Holding's stock price is $5.

See Emerald Holding trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$1.3B	$980M	XXX	XXX	XXX	XXX	$0.09

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Emerald Holding Valuation Multiples

Emerald Holding's trades at 3.4x EV/Revenue multiple, and 16.0x EV/EBITDA.

See valuation multiples for Emerald Holding and 15K+ public comps

Emerald Holding Financial Valuation Multiples

As of September 12, 2025, Emerald Holding has market cap of $980M and EV of $1.3B.

Equity research analysts estimate Emerald Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Emerald Holding has a P/E ratio of 107.6x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$980M	XXX	$980M	XXX	XXX	XXX
EV (current)	$1.3B	XXX	$1.3B	XXX	XXX	XXX
EV/Revenue	3.0x	XXX	3.4x	XXX	XXX	XXX
EV/EBITDA	11.3x	XXX	16.0x	XXX	XXX	XXX
EV/EBIT	20.5x	XXX	25.5x	XXX	XXX	XXX
EV/Gross Profit	4.8x	XXX	n/a	XXX	XXX	XXX
P/E	107.6x	XXX	445.4x	XXX	XXX	XXX
EV/FCF	25.0x	XXX	36.2x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Emerald Holding Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Emerald Holding Margins & Growth Rates

Emerald Holding's last 12 month revenue growth is 12%

Emerald Holding's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.

Emerald Holding's rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Emerald Holding's rule of X is 58% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Emerald Holding and other 15K+ public comps

Emerald Holding Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	12%	XXX	14%	XXX	XXX	XXX
EBITDA Margin	27%	XXX	21%	XXX	XXX	XXX
EBITDA Growth	17%	XXX	21%	XXX	XXX	XXX
Rule of 40	35%	XXX	33%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	58%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.6M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	50%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial