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Hallador Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hallador Energy and similar public comparables like Vitesse Energy, Next Geo, Audax Renovables, Core Laboratories and more.
Hallador Energy Overview
About Hallador Energy
Hallador Energy Co is a coal mining company with operations in Indiana, USA, and it is part of the electric power generation industry. The operations of the company are divided into two primary reportable segments, the Coal Operations and Electric Operations segments. The majority of revenue is earned from the Coal Operations segment.
Founded
1951
HQ

Employees
615
Website
Sectors
Financials (LTM)
EV
$771M
Hallador Energy Financials
Hallador Energy reported last 12-month revenue of $466M and EBITDA of $64M.
In the same LTM period, Hallador Energy generated $64M in EBITDA and $37M in net income.
Revenue (LTM)
Hallador Energy P&L
In the most recent fiscal year, Hallador Energy reported revenue of $469M and EBITDA of $100M.
Hallador Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $466M | XXX | $469M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $255M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $64M | XXX | $100M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $37M | XXX | $42M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $20M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hallador Energy Stock Performance
Hallador Energy has current market cap of $743M, and enterprise value of $771M.
Market Cap Evolution
Hallador Energy's stock price is $15.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $771M | $743M | 0.0% | XXX | XXX | XXX | $0.89 |
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Start Free TrialHallador Energy Valuation Multiples
Hallador Energy trades at 1.7x EV/Revenue multiple, and 12.1x EV/EBITDA.
EV / Revenue (LTM)
Hallador Energy Financial Valuation Multiples
As of April 20, 2026, Hallador Energy has market cap of $743M and EV of $771M.
Equity research analysts estimate Hallador Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hallador Energy has a P/E ratio of 20.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $743M | XXX | $743M | XXX | XXX | XXX |
| EV (current) | $771M | XXX | $771M | XXX | XXX | XXX |
| EV/Revenue | 1.7x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | 7.7x | XXX | XXX | XXX |
| EV/EBIT | 13.9x | XXX | 12.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.0x | XXX | XXX | XXX |
| P/E | 20.0x | XXX | 17.7x | XXX | XXX | XXX |
| EV/FCF | (198.0x) | XXX | 57.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hallador Energy 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.


Hallador Energy Margins & Growth Rates
Hallador Energy's revenue in the last 12 month grew by 2%.
Hallador Energy's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.3M for the same period.
Hallador Energy's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hallador Energy's rule of X is 12% (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).
Hallador Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 48% | XXX | (17%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 12% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 29% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 42% | XXX | XXX | XXX |
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Hallador Energy Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hallador Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Vitesse Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Next Geo | XXX | XXX | XXX | XXX | XXX | XXX |
| Audax Renovables | XXX | XXX | XXX | XXX | XXX | XXX |
| Core Laboratories | XXX | XXX | XXX | XXX | XXX | XXX |
| Engie Energia Peru | 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.
Hallador Energy M&A Activity
Hallador Energy acquired XXX companies to date.
Last acquisition by Hallador Energy was on XXXXXXXX, XXXXX. Hallador Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hallador Energy
| 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 TrialHallador Energy Investment Activity
Hallador Energy invested in XXX companies to date.
Hallador Energy made its latest investment on XXXXXXXX, XXXXX. Hallador Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hallador Energy
| 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 Hallador Energy
| When was Hallador Energy founded? | Hallador Energy was founded in 1951. |
| Where is Hallador Energy headquartered? | Hallador Energy is headquartered in United States. |
| How many employees does Hallador Energy have? | As of today, Hallador Energy has over 615 employees. |
| Who is the CEO of Hallador Energy? | Hallador Energy's CEO is Brent K. Bilsland. |
| Is Hallador Energy publicly listed? | Yes, Hallador Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Hallador Energy? | Hallador Energy trades under HNRG ticker. |
| When did Hallador Energy go public? | Hallador Energy went public in 1981. |
| Who are competitors of Hallador Energy? | Hallador Energy main competitors are Vitesse Energy, Next Geo, Audax Renovables, Core Laboratories. |
| What is the current market cap of Hallador Energy? | Hallador Energy's current market cap is $743M. |
| What is the current revenue of Hallador Energy? | Hallador Energy's last 12 months revenue is $466M. |
| What is the current revenue growth of Hallador Energy? | Hallador Energy revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Hallador Energy? | Current revenue multiple of Hallador Energy is 1.7x. |
| Is Hallador Energy profitable? | Yes, Hallador Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hallador Energy? | Hallador Energy's last 12 months EBITDA is $64M. |
| What is Hallador Energy's EBITDA margin? | Hallador Energy's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Hallador Energy? | Current EBITDA multiple of Hallador Energy is 12.1x. |
| What is the current FCF of Hallador Energy? | Hallador Energy's last 12 months FCF is ($4M). |
| What is Hallador Energy's FCF margin? | Hallador Energy's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of Hallador Energy? | Current FCF multiple of Hallador Energy is (198.0x). |
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