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Headwater Exploration Valuation Multiples
Discover revenue and EBITDA valuation multiples for Headwater Exploration and similar public comparables like Scatec, Genesis Energy, Energean, Sable Offshore and more.
Headwater Exploration Overview
About Headwater Exploration
Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration for development and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.
Founded
1996
HQ
Employees
41
Website
Sectors
Financials (LTM)
EV
$2B
Headwater Exploration Financials
Headwater Exploration reported last 12-month revenue of $444M and EBITDA of $288M.
In the same LTM period, Headwater Exploration generated $288M in EBITDA and $130M in net income.
Revenue (LTM)
Headwater Exploration P&L
In the most recent fiscal year, Headwater Exploration reported revenue of $450M and EBITDA of $279M.
Headwater Exploration expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $444M | XXX | $450M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $237M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 53% | XXX | XXX | XXX |
| EBITDA | $288M | XXX | $279M | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 62% | XXX | XXX | XXX |
| EBIT Margin | 51% | XXX | 47% | XXX | XXX | XXX |
| Net Profit | $130M | XXX | $112M | XXX | XXX | XXX |
| Net Margin | 29% | XXX | 25% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Headwater Exploration Stock Performance
Headwater Exploration has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Headwater Exploration's stock price is $8.81.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.3% | XXX | XXX | XXX | $0.47 |
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Start Free TrialHeadwater Exploration Valuation Multiples
Headwater Exploration trades at 4.6x EV/Revenue multiple, and 7.0x EV/EBITDA.
EV / Revenue (LTM)
Headwater Exploration Financial Valuation Multiples
As of April 17, 2026, Headwater Exploration has market cap of $2B and EV of $2B.
Equity research analysts estimate Headwater Exploration's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Headwater Exploration has a P/E ratio of 16.2x.
| 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 | 4.6x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.0x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBIT | 9.0x | XXX | 9.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.5x | XXX | XXX | XXX |
| P/E | 16.2x | XXX | 18.6x | XXX | XXX | XXX |
| EV/FCF | 26.3x | XXX | 29.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Headwater Exploration 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.
Headwater Exploration Margins & Growth Rates
Headwater Exploration's revenue in the last 12 month grew by 5%.
Headwater Exploration's revenue per employee in the last FY averaged $11.0M, while opex per employee averaged $2.1M for the same period.
Headwater Exploration's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Headwater Exploration's rule of X is 74% (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).
Headwater Exploration Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 65% | XXX | 62% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 70% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $11.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $2.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Headwater Exploration Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Headwater Exploration | XXX | XXX | XXX | XXX | XXX | XXX |
| Scatec | XXX | XXX | XXX | XXX | XXX | XXX |
| Genesis Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Energean | XXX | XXX | XXX | XXX | XXX | XXX |
| Sable Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Arabian Drilling | 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.
Headwater Exploration M&A Activity
Headwater Exploration acquired XXX companies to date.
Last acquisition by Headwater Exploration was on XXXXXXXX, XXXXX. Headwater Exploration acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Headwater Exploration
| 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 TrialHeadwater Exploration Investment Activity
Headwater Exploration invested in XXX companies to date.
Headwater Exploration made its latest investment on XXXXXXXX, XXXXX. Headwater Exploration invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Headwater Exploration
| 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 Headwater Exploration
| When was Headwater Exploration founded? | Headwater Exploration was founded in 1996. |
| Where is Headwater Exploration headquartered? | Headwater Exploration is headquartered in Canada. |
| How many employees does Headwater Exploration have? | As of today, Headwater Exploration has over 41 employees. |
| Who is the CEO of Headwater Exploration? | Headwater Exploration's CEO is Jason Jaskela. |
| Is Headwater Exploration publicly listed? | Yes, Headwater Exploration is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Headwater Exploration? | Headwater Exploration trades under HWX ticker. |
| When did Headwater Exploration go public? | Headwater Exploration went public in 2006. |
| Who are competitors of Headwater Exploration? | Headwater Exploration main competitors are Scatec, Genesis Energy, Energean, Sable Offshore. |
| What is the current market cap of Headwater Exploration? | Headwater Exploration's current market cap is $2B. |
| What is the current revenue of Headwater Exploration? | Headwater Exploration's last 12 months revenue is $444M. |
| What is the current revenue growth of Headwater Exploration? | Headwater Exploration revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Headwater Exploration? | Current revenue multiple of Headwater Exploration is 4.6x. |
| Is Headwater Exploration profitable? | Yes, Headwater Exploration is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Headwater Exploration? | Headwater Exploration's last 12 months EBITDA is $288M. |
| What is Headwater Exploration's EBITDA margin? | Headwater Exploration's last 12 months EBITDA margin is 65%. |
| What is the current EV/EBITDA multiple of Headwater Exploration? | Current EBITDA multiple of Headwater Exploration is 7.0x. |
| What is the current FCF of Headwater Exploration? | Headwater Exploration's last 12 months FCF is $77M. |
| What is Headwater Exploration's FCF margin? | Headwater Exploration's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of Headwater Exploration? | Current FCF multiple of Headwater Exploration is 26.3x. |
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