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Firstsource Solutions Valuation Multiples
Discover revenue and EBITDA valuation multiples for Firstsource Solutions and similar public comparables like Concentrix, Amano, MyEG, eClerx Services and more.
Firstsource Solutions Overview
About Firstsource Solutions
Firstsource Solutions Ltd is engaged in the business of providing customer management services like contact centers, transaction processing, and debt collection services. The company's business segment includes Banking and Financial Services, Healthcare, Communication, Media and Technology, and Diverse Industries. It generates maximum revenue from the Banking and Financial Services segment. Geographically, it derives a majority of its revenue from the United States of America.
Founded
2001
HQ
Employees
24.8K
Website
Sectors
Financials (LTM)
EV
$2B
Firstsource Solutions Financials
Firstsource Solutions reported last 12-month revenue of $1B and EBITDA of $167M.
In the same LTM period, Firstsource Solutions generated $415M in gross profit, $167M in EBITDA, and $80M in net income.
Revenue (LTM)
Firstsource Solutions P&L
In the most recent fiscal year, Firstsource Solutions reported revenue of $940M and EBITDA of $142M.
Firstsource Solutions expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $940M | XXX | XXX | XXX |
| Gross Profit | $415M | XXX | $345M | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $167M | XXX | $142M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $80M | XXX | $69M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $163M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Firstsource Solutions Stock Performance
Firstsource Solutions has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Firstsource Solutions' stock price is $2.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | -1.7% | XXX | XXX | XXX | $0.10 |
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Start Free TrialFirstsource Solutions Valuation Multiples
Firstsource Solutions trades at 1.9x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
Firstsource Solutions Financial Valuation Multiples
As of April 18, 2026, Firstsource Solutions has market cap of $2B and EV of $2B.
Equity research analysts estimate Firstsource Solutions' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Firstsource Solutions has a P/E ratio of 22.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 14.0x | XXX | XXX | XXX |
| EV/EBIT | 16.4x | XXX | 19.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 5.8x | XXX | XXX | XXX |
| P/E | 22.1x | XXX | 25.7x | XXX | XXX | XXX |
| EV/FCF | 26.8x | XXX | 38.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Firstsource Solutions 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.
Firstsource Solutions Margins & Growth Rates
Firstsource Solutions' revenue in the last 12 month grew by 15%.
Firstsource Solutions' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Firstsource Solutions' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Firstsource Solutions' rule of X is 57% (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).
Firstsource Solutions Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Firstsource Solutions Public Comps
See public comps and valuation multiples for other BPO Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Firstsource Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Concentrix | XXX | XXX | XXX | XXX | XXX | XXX |
| Amano | XXX | XXX | XXX | XXX | XXX | XXX |
| MyEG | XXX | XXX | XXX | XXX | XXX | XXX |
| eClerx Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Zensar Technologies | 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.
Firstsource Solutions M&A Activity
Firstsource Solutions acquired XXX companies to date.
Last acquisition by Firstsource Solutions was on XXXXXXXX, XXXXX. Firstsource Solutions acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Firstsource Solutions
| 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 TrialFirstsource Solutions Investment Activity
Firstsource Solutions invested in XXX companies to date.
Firstsource Solutions made its latest investment on XXXXXXXX, XXXXX. Firstsource Solutions invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Firstsource Solutions
| 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 Firstsource Solutions
| When was Firstsource Solutions founded? | Firstsource Solutions was founded in 2001. |
| Where is Firstsource Solutions headquartered? | Firstsource Solutions is headquartered in India. |
| How many employees does Firstsource Solutions have? | As of today, Firstsource Solutions has over 24K employees. |
| Who is the CEO of Firstsource Solutions? | Firstsource Solutions' CEO is Ritesh Idnani. |
| Is Firstsource Solutions publicly listed? | Yes, Firstsource Solutions is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of Firstsource Solutions? | Firstsource Solutions trades under FSL ticker. |
| When did Firstsource Solutions go public? | Firstsource Solutions went public in 2007. |
| Who are competitors of Firstsource Solutions? | Firstsource Solutions main competitors are Concentrix, Amano, MyEG, eClerx Services. |
| What is the current market cap of Firstsource Solutions? | Firstsource Solutions' current market cap is $2B. |
| What is the current revenue of Firstsource Solutions? | Firstsource Solutions' last 12 months revenue is $1B. |
| What is the current revenue growth of Firstsource Solutions? | Firstsource Solutions revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Firstsource Solutions? | Current revenue multiple of Firstsource Solutions is 1.9x. |
| Is Firstsource Solutions profitable? | Yes, Firstsource Solutions is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Firstsource Solutions? | Firstsource Solutions' last 12 months EBITDA is $167M. |
| What is Firstsource Solutions' EBITDA margin? | Firstsource Solutions' last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Firstsource Solutions? | Current EBITDA multiple of Firstsource Solutions is 11.9x. |
| What is the current FCF of Firstsource Solutions? | Firstsource Solutions' last 12 months FCF is $74M. |
| What is Firstsource Solutions' FCF margin? | Firstsource Solutions' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Firstsource Solutions? | Current FCF multiple of Firstsource Solutions is 26.8x. |
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