Hexagon Composites - Public Comps and Valuation Multiples

Hexagon Composites Overview

About Hexagon Composites

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, Southeast Asia, the Middle East, and Norway geographic regions.

Founded

2000

HQ

Employees

1.0K+

Website

hexagongroup.com

Sectors

Energy Storage

Financials

LTM Revenue $391M

LTM EBITDA $38.1M

EV

$528M

Valuation Multiples

Multiples.vc

Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Browse Valuation Multiples

Hexagon Composites Financials

As of August 2025, Hexagon Composites reported last 12-month revenue of $391M and EBITDA of $38.1M.

In the same period, Hexagon Composites generated $123M in LTM gross profit and -$70.9M in net income.

See Hexagon Composites valuation multiples based on analyst estimates

Hexagon Composites P&L

In the most recent fiscal year, Hexagon Composites reported revenue of $483M and EBITDA of -$43.4M.

Hexagon Composites expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Hexagon Composites valuation multiples based on analyst estimates

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$391M	XXX	$483M	XXX	XXX	XXX
Gross Profit	$123M	XXX	$235M	XXX	XXX	XXX
Gross Margin	31%	XXX	49%	XXX	XXX	XXX
EBITDA	$38.1M	XXX	-$43.4M	XXX	XXX	XXX
EBITDA Margin	10%	XXX	-9%	XXX	XXX	XXX
EBIT	$7.9M	XXX	$37.1M	XXX	XXX	XXX
EBIT Margin	2%	XXX	8%	XXX	XXX	XXX
Net Profit	-$70.9M	XXX	-$27.7M	XXX	XXX	XXX
Net Margin	-18%	XXX	-6%	XXX	XXX	XXX
Net Debt	XXX	XXX	$98.4M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

.seo-only-financials-wrapper { position: static; left: auto; width: auto; height: auto; overflow: visible; }

Financial performance metrics for Hexagon Composites including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $391M. EBITDA for the last twelve months was $38.1M. In the most recent fiscal year, Hexagon Composites achieved $483M in revenue and -$43.4M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$391M	Analyst estimates available to subscribers	$483M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$123M	Analyst estimates available to subscribers	$235M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	31.4% gross margin	Analyst estimates available to subscribers	48.6% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$38.1M	Analyst estimates available to subscribers	-$43.4M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	9.7% EBITDA margin	Analyst estimates available to subscribers	-9.0% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$7.9M	Analyst estimates available to subscribers	$37.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	2.0% EBIT margin	Analyst estimates available to subscribers	7.7% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$70.9M	Analyst estimates available to subscribers	-$27.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-18.1% net profit margin	Analyst estimates available to subscribers	-5.7% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$98.4M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Hexagon Composites

This financial data table provides comprehensive performance metrics for Hexagon Composites, a company based in Norway. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Hexagon Composites generated $391M in revenue over the last twelve months.
The company achieved $38.1M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $123M.
Net income over the last twelve months reached -$70.9M.

Fiscal Year Performance

In the most recent fiscal year, Hexagon Composites reported $483M in total revenue.
Fiscal year EBITDA was -$43.4M.
The company maintained a gross profit margin of 48.6% in the most recent fiscal year.
EBITDA margin for the fiscal year was -9.0%.
Net profit margin reached -5.7% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Hexagon Composites. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Hexagon Composites Stock Performance

Hexagon Composites has current market cap of NOK 3.4B (or $334M), and EV of NOK 5.3B (or $528M).

Market Cap Evolution

Hexagon Composites Stock Data

As of September 12, 2025, Hexagon Composites's stock price is NOK 16 (or $2).

See Hexagon Composites trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$528M	$334M	XXX	XXX	XXX	XXX	$-0.40

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Start Free Trial

Hexagon Composites Valuation Multiples

Hexagon Composites's trades at 1.1x EV/Revenue multiple, and -12.2x EV/EBITDA.

See valuation multiples for Hexagon Composites and 15K+ public comps

Hexagon Composites Financial Valuation Multiples

As of September 12, 2025, Hexagon Composites has market cap of $334M and EV of $528M.

Equity research analysts estimate Hexagon Composites's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Hexagon Composites has a P/E ratio of -4.7x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$334M	XXX	$334M	XXX	XXX	XXX
EV (current)	$528M	XXX	$528M	XXX	XXX	XXX
EV/Revenue	1.4x	XXX	1.1x	XXX	XXX	XXX
EV/EBITDA	13.8x	XXX	-12.2x	XXX	XXX	XXX
EV/EBIT	67.3x	XXX	14.2x	XXX	XXX	XXX
EV/Gross Profit	4.3x	XXX	n/a	XXX	XXX	XXX
P/E	-4.7x	XXX	-12.0x	XXX	XXX	XXX
EV/FCF	34.9x	XXX	-37.0x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get Hexagon Composites Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Start Free Trial

Hexagon Composites Margins & Growth Rates

Hexagon Composites's last 12 month revenue growth is 20%

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

Hexagon Composites's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hexagon Composites's rule of X is 60% (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 Hexagon Composites and other 15K+ public comps

Hexagon Composites Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	20%	XXX	4%	XXX	XXX	XXX
EBITDA Margin	10%	XXX	-9%	XXX	XXX	XXX
EBITDA Growth	55%	XXX	n/a	XXX	XXX	XXX
Rule of 40	12%	XXX	11%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	60%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.2M	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	41%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics

Pharma Analytics

Private Equity

ERP Software

Developer Tools

Consumer SaaS

Streaming Platforms

Explore Valuation Multiples by Industry

Start Free Trial