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Hillstone Networks Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hillstone Networks and similar public comparables like Yubico, Digital Arts, BTQ Technologies, NCC Group and more.
Hillstone Networks Overview
About Hillstone Networks
Hillstone Networks Co Ltd is a provider of enterprise network security and risk management solutions. Its customers include financial and educational institutions, government and service providers. The company offers visibility, intelligence and protection to ensure enterprises can comprehensively see, thoroughly understand and rapidly act against cyber-threats.
Founded
2011
HQ

Employees
1.7K
Website
Sectors
Financials (FY)
EV
$543M
Hillstone Networks Financials
Hillstone Networks reported last fiscal year revenue of $144M and negative EBITDA of ($8M).
In the same fiscal year, Hillstone Networks generated $101M in gross profit, ($8M) in EBITDA losses, and had net loss of ($20M).
Hillstone Networks P&L
In the most recent fiscal year, Hillstone Networks reported revenue of $144M and EBITDA of ($8M).
Hillstone Networks expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $144M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $101M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 70% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($8M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (6%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (9%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($20M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (14%) | XXX | XXX | XXX |
| Net Debt | — | — | $40M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hillstone Networks Stock Performance
Hillstone Networks has current market cap of $476M, and enterprise value of $543M.
Market Cap Evolution
Hillstone Networks' stock price is $2.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $543M | $476M | 0.0% | XXX | XXX | XXX | $-0.11 |
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Start Free TrialHillstone Networks Valuation Multiples
Hillstone Networks trades at 3.8x EV/Revenue multiple, and (64.9x) EV/EBITDA.
Hillstone Networks Financial Valuation Multiples
As of March 7, 2026, Hillstone Networks has market cap of $476M and EV of $543M.
Equity research analysts estimate Hillstone Networks' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hillstone Networks has a P/E ratio of (23.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $476M | XXX | $476M | XXX | XXX | XXX |
| EV (current) | $543M | XXX | $543M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (64.9x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (40.9x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.4x | XXX | XXX | XXX |
| P/E | — | XXX | (23.9x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (24.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hillstone Networks 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.


Hillstone Networks Margins & Growth Rates
Hillstone Networks' revenue in the last fiscal year grew by 11%.
Hillstone Networks Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (66%) | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 79% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hillstone Networks Public Comps
See public comps and valuation multiples for other Cybersecurity comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Yubico | XXX | XXX | XXX | XXX | XXX | XXX |
| Digital Arts | XXX | XXX | XXX | XXX | XXX | XXX |
| BTQ Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| NCC Group | XXX | XXX | XXX | XXX | XXX | XXX |
| FFRI Security | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hillstone Networks M&A Activity
Hillstone Networks acquired XXX companies to date.
Last acquisition by Hillstone Networks was on XXXXXXXX, XXXXX. Hillstone Networks acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hillstone Networks
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHillstone Networks Investment Activity
Hillstone Networks invested in XXX companies to date.
Hillstone Networks made its latest investment on XXXXXXXX, XXXXX. Hillstone Networks invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hillstone Networks
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAbout Hillstone Networks
| When was Hillstone Networks founded? | Hillstone Networks was founded in 2011. |
| Where is Hillstone Networks headquartered? | Hillstone Networks is headquartered in China. |
| How many employees does Hillstone Networks have? | As of today, Hillstone Networks has over 1K employees. |
| Is Hillstone Networks publicly listed? | Yes, Hillstone Networks is a public company listed on Shanghai Stock Exchange. |
| What is the stock symbol of Hillstone Networks? | Hillstone Networks trades under 688030 ticker. |
| When did Hillstone Networks go public? | Hillstone Networks went public in 2019. |
| Who are competitors of Hillstone Networks? | Hillstone Networks main competitors are Yubico, Digital Arts, BTQ Technologies, NCC Group. |
| What is the current market cap of Hillstone Networks? | Hillstone Networks' current market cap is $476M. |
| What is the current revenue of Hillstone Networks? | Hillstone Networks' last fiscal year revenue is $144M. |
| What is the current EV/Revenue multiple of Hillstone Networks? | Current revenue multiple of Hillstone Networks is 3.8x. |
| Is Hillstone Networks profitable? | No, Hillstone Networks is not profitable. |
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