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Heineken is the world’s second-largest brewer behind Anheuser-Busch InBev. It has the leading position in many European markets, including the Netherlands, Austria, Greece, and Italy. Its flagship brand, Heineken, is the world's leading international premium lager by volume and has spawned several brand extensions including Heineken 0.0 and Heineken Silver. Heineken is the world's biggest cider producer, and its portfolio also includes brands in the nonalcoholic, Belgian, and craft beer categories.
1864
88.5K+
LTM Revenue $33.4B
LTM EBITDA $7.3B
$66.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Heineken has a last 12-month revenue (LTM) of $33.4B and a last 12-month EBITDA of $7.3B.
In the most recent fiscal year, Heineken achieved revenue of $33.5B and an EBITDA of $6.0B.
Heineken expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Heineken valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $33.4B | XXX | $33.5B | XXX | XXX | XXX |
| Gross Profit | $14.3B | XXX | $11.8B | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 35% | XXX | XXX | XXX |
| EBITDA | $7.3B | XXX | $6.0B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $4.7B | XXX | $3.9B | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $1.8B | XXX | $1.1B | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $15.0B | XXX | XXX | XXX |
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As of May 30, 2025, Heineken's stock price is EUR 78 (or $88).
Heineken has current market cap of EUR 44.2B (or $49.6B), and EV of EUR 58.9B (or $66.1B).
See Heineken trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $66.1B | $49.6B | XXX | XXX | XXX | XXX | $5.49 |
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Start Free TrialAs of May 30, 2025, Heineken has market cap of $49.6B and EV of $66.1B.
Heineken's trades at 2.0x EV/Revenue multiple, and 11.1x EV/EBITDA.
Equity research analysts estimate Heineken's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Heineken has a P/E ratio of 27.2x.
See valuation multiples for Heineken and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $49.6B | XXX | $49.6B | XXX | XXX | XXX |
| EV (current) | $66.1B | XXX | $66.1B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 11.1x | XXX | XXX | XXX |
| EV/EBIT | 14.0x | XXX | 16.9x | XXX | XXX | XXX |
| EV/Gross Profit | 4.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 27.2x | XXX | 45.2x | XXX | XXX | XXX |
| EV/FCF | 21.3x | XXX | 19.4x | 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 TrialHeineken's last 12 month revenue growth is 1%
Heineken's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Heineken's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Heineken's rule of X is 25% (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 Heineken and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 4% | XXX | XXX | XXX |
| Rule of 40 | 21% | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | 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 | 24% | 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 | |
| Endeavour Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Treasury Wine Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| Domain Costa Lazaridi | XXX | XXX | XXX | XXX | XXX | XXX |
| United Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
| United Breweries | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Heineken acquired XXX companies to date.
Last acquisition by Heineken was XXXXXXXX, XXXXX XXXXX XXXXXX . Heineken 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 Heineken founded? | Heineken was founded in 1864. |
| Where is Heineken headquartered? | Heineken is headquartered in Netherlands. |
| How many employees does Heineken have? | As of today, Heineken has 88.5K+ employees. |
| Is Heineken publicy listed? | Yes, Heineken is a public company listed on AMS. |
| What is the stock symbol of Heineken? | Heineken trades under HEIA ticker. |
| When did Heineken go public? | Heineken went public in 1939. |
| Who are competitors of Heineken? | Similar companies to Heineken include e.g. Endeavour Group, Treasury Wine Estates, Domain Costa Lazaridi, United Spirits. |
| What is the current market cap of Heineken? | Heineken's current market cap is $49.6B |
| What is the current revenue of Heineken? | Heineken's last 12 months revenue is $33.4B. |
| What is the current revenue growth of Heineken? | Heineken revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Heineken? | Current revenue multiple of Heineken is 2.0x. |
| Is Heineken profitable? | Yes, Heineken is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Heineken? | Heineken's last 12 months EBITDA is $7.3B. |
| What is Heineken's EBITDA margin? | Heineken's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Heineken? | Current EBITDA multiple of Heineken is 9.0x. |
| What is the current FCF of Heineken? | Heineken's last 12 months FCF is $3.1B. |
| What is Heineken's FCF margin? | Heineken's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Heineken? | Current FCF multiple of Heineken is 21.3x. |
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