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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.
1873
51.1K+
LTM Revenue $23.1B
LTM EBITDA $4.9B
$35.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Heidelberg Materials has a last 12-month revenue of $23.1B and a last 12-month EBITDA of $4.9B.
In the most recent fiscal year, Heidelberg Materials achieved revenue of $22.7B and an EBITDA of $4.8B.
Heidelberg Materials expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Heidelberg Materials valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $22.7B | $22.7B | XXX | XXX | XXX |
| Gross Profit | $13.4B | $14.1B | XXX | XXX | XXX |
| Gross Margin | 59% | 62% | XXX | XXX | XXX |
| EBITDA | $4.6B | $4.8B | XXX | XXX | XXX |
| EBITDA Margin | 20% | 21% | XXX | XXX | XXX |
| Net Profit | $1.7B | $2.1B | XXX | XXX | XXX |
| Net Margin | 8% | 9% | XXX | XXX | XXX |
| Net Debt | $4.6B | $4.3B | XXX | XXX | XXX |
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As of April 15, 2025, Heidelberg Materials's stock price is EUR 154 (or $166).
Heidelberg Materials has current market cap of EUR 27.5B (or $29.6B), and EV of EUR 32.6B (or $35.0B).
See Heidelberg Materials trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $35.0B | $29.6B | XXX | XXX | XXX | XXX | $13.11 |
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Sign UpAs of April 15, 2025, Heidelberg Materials has market cap of $29.6B and EV of $35.0B.
Heidelberg Materials's trades at 1.5x LTM EV/Revenue multiple, and 7.2x LTM EBITDA.
Analysts estimate Heidelberg Materials's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Heidelberg Materials and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $35.0B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.3x | XXX | XXX | XXX |
| P/E | 15.5x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 17.9x | 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.
Sign UpHeidelberg Materials's NTM/LTM revenue growth is 5%
Heidelberg Materials's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Heidelberg Materials's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Heidelberg Materials's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Heidelberg Materials and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 26% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 50% | XXX | 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 | |
| James Hardie | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Argos | XXX | XXX | XXX | XXX | XXX | XXX |
| Ambuja Cements | XXX | XXX | XXX | XXX | XXX | XXX |
| UltraTech Cement | XXX | XXX | XXX | XXX | XXX | XXX |
| Titan Cement Intl | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Heidelberg Materials acquired XXX companies to date.
Last acquisition by Heidelberg Materials was XXXXXXXX, XXXXX XXXXX XXXXXX . Heidelberg Materials 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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Sign Up| When was Heidelberg Materials founded? | Heidelberg Materials was founded in 1873. |
| Where is Heidelberg Materials headquartered? | Heidelberg Materials is headquartered in Germany. |
| How many employees does Heidelberg Materials have? | As of today, Heidelberg Materials has 51.1K+ employees. |
| Is Heidelberg Materials publicy listed? | Yes, Heidelberg Materials is a public company listed on ETR. |
| What is the stock symbol of Heidelberg Materials? | Heidelberg Materials trades under HEI ticker. |
| When did Heidelberg Materials go public? | Heidelberg Materials went public in 1889. |
| Who are competitors of Heidelberg Materials? | Similar companies to Heidelberg Materials include e.g. James Hardie, Grupo Argos, Ambuja Cements, UltraTech Cement. |
| What is the current market cap of Heidelberg Materials? | Heidelberg Materials's current market cap is $29.6B |
| What is the current revenue of Heidelberg Materials? | Heidelberg Materials's last 12-month revenue is $23.1B. |
| What is the current EBITDA of Heidelberg Materials? | Heidelberg Materials's last 12-month EBITDA is $4.9B. |
| What is the current EV/Revenue multiple of Heidelberg Materials? | Current revenue multiple of Heidelberg Materials is 1.5x. |
| What is the current EV/EBITDA multiple of Heidelberg Materials? | Current EBITDA multiple of Heidelberg Materials is 7.2x. |
| What is the current revenue growth of Heidelberg Materials? | Heidelberg Materials revenue growth between 2023 and 2024 was 0%. |
| Is Heidelberg Materials profitable? | Yes, Heidelberg Materials is EBITDA-positive (as of the last 12 months). |
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