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Fortnox AB provides internet-based business applications that offer products, packages, and integrations to cover a business’s financial and administrative needs by creating easy flows in accounting, invoicing, financing, and managing employees. Its segments are Businesses, Accounting Firms, Core Products, Financial Services, and Marketplaces.
2001
881
LTM Revenue $229M
LTM EBITDA $122M
$5.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Fortnox has a last 12-month revenue (LTM) of $229M and a last 12-month EBITDA of $122M.
In the most recent fiscal year, Fortnox achieved revenue of $211M and an EBITDA of $113M.
Fortnox expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Fortnox valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $229M | XXX | $211M | XXX | XXX | XXX |
| Gross Profit | $214M | XXX | $133M | XXX | XXX | XXX |
| Gross Margin | 93% | XXX | 63% | XXX | XXX | XXX |
| EBITDA | $122M | XXX | $113M | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 54% | XXX | XXX | XXX |
| EBIT | $101M | XXX | $91.2M | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | 43% | XXX | XXX | XXX |
| Net Profit | $80.5M | XXX | $73.2M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 35% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Fortnox's stock price is SEK 86 (or $9).
Fortnox has current market cap of SEK 52.7B (or $5.4B), and EV of SEK 52.0B (or $5.4B).
See Fortnox trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.4B | $5.4B | XXX | XXX | XXX | XXX | $0.13 |
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 TrialAs of May 30, 2025, Fortnox has market cap of $5.4B and EV of $5.4B.
Fortnox's trades at 25.4x EV/Revenue multiple, and 47.4x EV/EBITDA.
Equity research analysts estimate Fortnox's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fortnox has a P/E ratio of 67.5x.
See valuation multiples for Fortnox and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.4B | XXX | $5.4B | XXX | XXX | XXX |
| EV (current) | $5.4B | XXX | $5.4B | XXX | XXX | XXX |
| EV/Revenue | 23.4x | XXX | 25.4x | XXX | XXX | XXX |
| EV/EBITDA | 43.8x | XXX | 47.4x | XXX | XXX | XXX |
| EV/EBIT | 53.3x | XXX | 58.8x | XXX | XXX | XXX |
| EV/Gross Profit | 25.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 67.5x | XXX | 74.2x | XXX | XXX | XXX |
| EV/FCF | 79.5x | XXX | 95.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFortnox's last 12 month revenue growth is 21%
Fortnox's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $47K for the same period.
Fortnox's rule of 40 is 72% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fortnox's rule of X is 105% (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 Fortnox and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 53% | XXX | 54% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | 26% | XXX | XXX | XXX |
| Rule of 40 | 72% | XXX | 74% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 105% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $47K | 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 | 20% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Cape Range | XXX | XXX | XXX | XXX | XXX | XXX |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| IODM | XXX | XXX | XXX | XXX | XXX | XXX |
| Reckon | XXX | XXX | XXX | XXX | XXX | XXX |
| Xero | 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.
Fortnox acquired XXX companies to date.
Last acquisition by Fortnox was XXXXXXXX, XXXXX XXXXX XXXXXX . Fortnox acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Fortnox founded? | Fortnox was founded in 2001. |
| Where is Fortnox headquartered? | Fortnox is headquartered in Sweden. |
| How many employees does Fortnox have? | As of today, Fortnox has 881 employees. |
| Who is the CEO of Fortnox? | Fortnox's CEO is Mr. Roger Hartelius. |
| Is Fortnox publicy listed? | Yes, Fortnox is a public company listed on STO. |
| What is the stock symbol of Fortnox? | Fortnox trades under FNOX ticker. |
| When did Fortnox go public? | Fortnox went public in 2007. |
| Who are competitors of Fortnox? | Similar companies to Fortnox include e.g. Cape Range, Credit Clear, IODM, Reckon. |
| What is the current market cap of Fortnox? | Fortnox's current market cap is $5.4B |
| What is the current revenue of Fortnox? | Fortnox's last 12 months revenue is $229M. |
| What is the current revenue growth of Fortnox? | Fortnox revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Fortnox? | Current revenue multiple of Fortnox is 23.4x. |
| Is Fortnox profitable? | Yes, Fortnox is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fortnox? | Fortnox's last 12 months EBITDA is $122M. |
| What is Fortnox's EBITDA margin? | Fortnox's last 12 months EBITDA margin is 53%. |
| What is the current EV/EBITDA multiple of Fortnox? | Current EBITDA multiple of Fortnox is 43.8x. |
| What is the current FCF of Fortnox? | Fortnox's last 12 months FCF is $67.4M. |
| What is Fortnox's FCF margin? | Fortnox's last 12 months FCF margin is 29%. |
| What is the current EV/FCF multiple of Fortnox? | Current FCF multiple of Fortnox is 79.5x. |
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