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Hill & Smith Valuation Multiples

Discover revenue and EBITDA valuation multiples for Hill & Smith and similar public comparables like Peab, Cadeler, Exponent, CA Immo and more.

Hill & Smith Overview

About Hill & Smith

Hill & Smith PLC creates sustainable infrastructure and safe transport through innovation. It is organized into three main business divisions. Galvanizing Services increase the sustainability and maintenance-free life of steel products including structural steelwork, lighting, bridges, agricultural and other products for the industrial and infrastructure markets. Engineered Solutions supplies engineered steel and composite solutions for a wide range of infrastructure markets including energy generation and distribution, marine, rail, and housing. Roads & Security division supplies products and services to support road and highway infrastructure including temporary and permanent road safety barriers, renewable energy lighting and power solutions, and Intelligent Traffic Solutions.


Founded

1960

HQ

United Kingdom

Employees

4.6K

Financials (LTM)

Revenue: $1B
EBITDA: $251M

EV

$3B

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Hill & Smith Financials

Hill & Smith reported last 12-month revenue of $1B and EBITDA of $251M.

In the same LTM period, Hill & Smith generated $251M in EBITDA and $144M in net income.

Revenue (LTM)


Hill & Smith P&L

In the most recent fiscal year, Hill & Smith reported revenue of $1B and EBITDA of $245M.

Hill & Smith is profitable as of last fiscal year, with gross margin of 41%, EBITDA margin of 21%, and net margin of 12%.

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LTMLast FY202320242025202620272028
Revenue$1B$1B$1B$1B$1B
Gross Profit—$481M$431M$465M$481M
Gross Margin—41%38%40%41%
EBITDA$251M$245M$194M$215M$221M
EBITDA Margin21%21%17%18%19%
EBIT Margin17%16%13%16%14%
Net Profit$144M$142M$94M$104M$112M
Net Margin12%12%8%9%9%
Net Debt—$15M———

Financial data powered by Morningstar, Inc.

Hill & Smith Stock Performance

Hill & Smith has current market cap of $3B, and enterprise value of $3B.

Market Cap Evolution


Hill & Smith's stock price is $35.03.

Hill & Smith share price increased by 1.1% in the last 30 days, and by 41.6% in the last year.

Hill & Smith has an EPS (earnings per share) of $1.81.

See more trading valuation data for Hill & Smith
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$3B$3B0.1%1.1%8.4%41.6%$1.81

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Hill & Smith Valuation Multiples

Hill & Smith trades at 2.4x EV/Revenue multiple, and 11.2x EV/EBITDA.

See NTM and 2027E valuation multiples for Hill & Smith

EV / Revenue (LTM)


Hill & Smith Financial Valuation Multiples

As of May 13, 2026, Hill & Smith has market cap of $3B and EV of $3B.

Hill & Smith has a P/E ratio of 19.1x.

LTMLast FY202320242025202620272028
EV/Revenue2.4x2.4x2.5x2.4x2.4x
EV/EBITDA11.2x11.5x14.6x13.2x12.7x
EV/EBIT14.0x14.5x20.0x15.5x17.3x
EV/Gross Profit—5.9x6.5x6.1x5.9x
P/E19.1x19.3x29.4x26.5x24.5x
EV/FCF22.7x20.1x20.8x20.2x20.1x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Hill & Smith 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.

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Hill & Smith Margins & Growth Rates

Hill & Smith grew revenue by 3% and EBITDA by 7% in the last fiscal year.

In the most recent fiscal year, Hill & Smith reported gross margin of 41%, EBITDA margin of 21%, and net margin of 12%.

See estimated margins and future growth rates for Hill & Smith

Hill & Smith Margins

Last FY202420252026202720282029
Gross Margin41%40%41%—
EBITDA Margin21%18%19%21%
EBIT Margin16%16%14%17%
Net Margin12%9%9%12%
FCF Margin12%12%12%8%

Hill & Smith Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth3%3%2%3%
Gross Profit Growth—8%3%—
EBITDA Growth7%11%3%19%
EBIT Growth9%29%(10%)30%
Net Profit Growth3%11%8%31%
FCF Growth(28%)3%0%(28%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Hill & Smith Operational KPIs

Hill & Smith's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Hill & Smith's Rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hill & Smith's Rule of X is 30% (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).

Access forward-looking KPIs for Hill & Smith
LTMLast FY202320242025202620272028
Rule of 4026%25%———
Bessemer Rule of X33%30%———
Revenue per Employee—$0.3M———
Opex per Employee—$0.1M———
S&M Expenses to Revenue—3%3%3%3%
G&A Expenses to Revenue—24%23%20%24%
Opex to Revenue—27%26%24%27%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Hill & Smith Competitors

Hill & Smith competitors include Peab, Cadeler, Exponent, CA Immo, Electra, Travaux Généraux de Construction de Casablanca, IRB Infrastructure Developers, Aktor Group, Koninklijke Bam Groep and Ashtrom Group.

Most Hill & Smith public comparables operate across Construction & Engineering and Road Infrastructure.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Peab0.6x0.6x8.3x8.1x
Cadeler15.4x5.4x30.2x8.8x
Exponent4.7x4.9x16.5x15.8x
CA Immo13.1x17.6x21.1x24.5x
Electra0.9x—12.7x—
Travaux Généraux de Construction de Casablanca3.6x2.0x27.9x9.4x
IRB Infrastructure Developers4.9x5.7x4.4x9.9x
Aktor Group2.4x—21.5x—

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Hill & Smith M&A Activity

Hill & Smith has acquired 10 companies to date.

Last acquisition by Hill & Smith was on September 10th 2024. Hill & Smith acquired Whitlow Electric Service for $30M (EV/Revenue multiple of ).

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Latest Acquisitions by Hill & Smith

Whitlow Electric Service
Trident Industries
FM Stainless
Enduro Composites
Description
Whitlow Electric Service is a steel fabrication company in Rogersville, Missouri, producing 500kV transmission towers and substation bus structures for utilities like Ameren and Entergy. Its 150,000-square-foot plant galvanizes components shipped to projects in 30 US states and Mexico. Founded in 1960, Whitlow holds RUS certifications and supplies monopoles for wind farm interconnections.
Trident Industries is a Russellville, Arkansas-based manufacturer of composite utility poles and transmission structures. The company produces fiberglass-reinforced polymer poles rated for 69kV to 500kV applications, including single-layer, multi-layer designs, impact caps, and base plates. Serving utilities like Entergy and Southern Company, its products withstand hurricanes and wildfires better than wood or steel alternatives.
FM Stainless supplies stainless steel pipe hangers, supports, expansion anchors, and fasteners to water and wastewater sectors. Houston-headquartered since 1982, it serves municipal utilities and industrial plants in North America with products compliant to MSS SP-58 and ASME standards.
Enduro Composites, a Houston-based manufacturer, engineers composite materials for industrial and infrastructure uses such as roofing panels, cable trays, tank covers, and wastewater treatment systems.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Elberton, GA
Chicago, IL
Ellijay, GA
Houston, TX
Deal Date10 Sep 20248 Aug 202412 Mar 202420 Feb 2023
Valuation$30M$14M$8M$35M
EV/Revenue
EV/EBITDA

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About Hill & Smith

When was Hill & Smith founded?Hill & Smith was founded in 1960.
Where is Hill & Smith headquartered?Hill & Smith is headquartered in United Kingdom.
How many employees does Hill & Smith have?As of today, Hill & Smith has over 4K employees.
Who is the CEO of Hill & Smith?Hill & Smith's CEO is Rutger Helbing.
Is Hill & Smith publicly listed?Yes, Hill & Smith is a public company listed on London Stock Exchange.
What is the stock symbol of Hill & Smith?Hill & Smith trades under HILS ticker.
When did Hill & Smith go public?Hill & Smith went public in 1969.
Who are competitors of Hill & Smith?Hill & Smith main competitors include Peab, Cadeler, Exponent, CA Immo, Electra, Travaux Généraux de Construction de Casablanca, IRB Infrastructure Developers, Aktor Group, Koninklijke Bam Groep, Ashtrom Group.
What is the current market cap of Hill & Smith?Hill & Smith's current market cap is $3B.
What is the current revenue of Hill & Smith?Hill & Smith's last 12 months revenue is $1B.
What is the current revenue growth of Hill & Smith?Hill & Smith revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Hill & Smith?Current revenue multiple of Hill & Smith is 2.4x.
Is Hill & Smith profitable?Yes, Hill & Smith is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Hill & Smith?Hill & Smith's last 12 months EBITDA is $251M.
What is Hill & Smith's EBITDA margin?Hill & Smith's last 12 months EBITDA margin is 21%.
What is the current EV/EBITDA multiple of Hill & Smith?Current EBITDA multiple of Hill & Smith is 11.2x.
What is the current FCF of Hill & Smith?Hill & Smith's last 12 months FCF is $124M.
What is Hill & Smith's FCF margin?Hill & Smith's last 12 months FCF margin is 10%.
What is the current EV/FCF multiple of Hill & Smith?Current FCF multiple of Hill & Smith is 22.7x.
How many companies Hill & Smith has acquired to date?As of May 2026, Hill & Smith has acquired 10 companies.
What was the largest acquisition by Hill & Smith?$35M acquisition of Enduro Composites on 20th February 2023 was the largest M&A Hill & Smith has done to date.
What companies Hill & Smith acquired?Hill & Smith acquired Enduro Composites, Whitlow Electric Service, Premier Galvanizing Ltd, Hardstaff Barriers Ltd, Trident Industries, FM Stainless, Mallatite Ltd, ET Techtonics, Tegrel Ltd, and Birtley Group.
In how many companies Hill & Smith has invested to date?Hill & Smith hasn't invested in any companies yet (or none have been disclosed publicly).

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