Heidelberg Materials Valuation Multiples

Heidelberg Materials Overview

About Heidelberg Materials

Heidelberg Materials is one of the world’s largest building materials companies, with operations in 60 countries. Its core activities include the production of cement and aggregates, which are used to construct houses, infrastructure, and commercial facilities. The sale of cement and aggregates accounts for the majority of group revenue and profits. Europe is the company’s largest market contributing nearly half of group sales. Heidelberg Materials is listed in Germany and has 55,000 employees.

Founded

1873

HQ

Employees

51.1K

Website

heidelbergmaterials.com

Sectors

Building MaterialsConstructionTech

Financials (LTM)

Revenue: $26B

EBITDA: $6B

EV

$46B

Valuation Multiples

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Heidelberg Materials Financials

Heidelberg Materials reported last 12-month revenue of $26B and EBITDA of $6B.

In the same LTM period, Heidelberg Materials generated $6B in gross profit, $6B in EBITDA, and $3B in net income.

Heidelberg Materials P&L

In the most recent fiscal year, Heidelberg Materials reported revenue of $25B and EBITDA of $5B.

Heidelberg Materials expects next 12-month revenue of XXX and NTM EBITDA of XXX

Heidelberg Materials Stock Performance

Heidelberg Materials has current market cap of $40B, and enterprise value of $46B.

Heidelberg Materials' stock price is $224.72.

Heidelberg Materials Valuation Multiples

Heidelberg Materials trades at 1.8x EV/Revenue multiple, and 8.3x EV/EBITDA.

Heidelberg Materials Financial Valuation Multiples

As of April 16, 2026, Heidelberg Materials has market cap of $40B and EV of $46B.

Equity research analysts estimate Heidelberg Materials' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Heidelberg Materials has a P/E ratio of 15.0x.

Heidelberg Materials Margins & Growth Rates

Heidelberg Materials' revenue in the last 12 month grew by 4%.

Heidelberg Materials' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.2M for the same period.

Heidelberg Materials' rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Heidelberg Materials' rule of X is 31% (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).

Heidelberg Materials Public Comps

See public comps and valuation multiples for other Building Materials comps.

Heidelberg Materials M&A Activity

Heidelberg Materials acquired XXX companies to date.

Last acquisition by Heidelberg Materials was on XXXXXXXX, XXXXX. Heidelberg Materials acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Heidelberg Materials Investment Activity

Heidelberg Materials invested in XXX companies to date.

Heidelberg Materials made its latest investment on XXXXXXXX, XXXXX. Heidelberg Materials invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).