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Icon Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Icon Energy and similar public comparables like C3is, Intercont (Cayman), Erria, Ramlösa Shipping and more.
Icon Energy Overview
About Icon Energy
Icon Energy Corp is a growth-oriented shipping company providing seaborne transportation services for dry bulk cargoes via its fleet of oceangoing vessels. The company generates its revenues by chartering its vessels to regional and international dry bulk operators, commodity traders and end users. The cargos carried by the company are Grains, Minerals, Iron Ore, Coal and Bauxite.
Founded
2023
HQ
Employees
0
Website
Sectors
Financials (LTM)
EV
$34M
Icon Energy Financials
Icon Energy reported last 12-month revenue of $12M and EBITDA of $4M.
In the same LTM period, Icon Energy generated $4M in EBITDA and had net loss of ($7M).
Revenue (LTM)
Icon Energy P&L
In the most recent fiscal year, Icon Energy reported revenue of $11M and EBITDA of $4M.
Icon Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12M | XXX | $11M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 22% | XXX | XXX | XXX |
| EBITDA | $4M | XXX | $4M | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | ($7M) | XXX | ($4M) | XXX | XXX | XXX |
| Net Margin | (61%) | XXX | (37%) | XXX | XXX | XXX |
| Net Debt | — | — | $10M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Icon Energy Stock Performance
Icon Energy has current market cap of $3M, and enterprise value of $34M.
Market Cap Evolution
Icon Energy's stock price is $1.34.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $34M | $3M | 0.0% | XXX | XXX | XXX | $-1.65 |
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Start Free TrialIcon Energy Valuation Multiples
Icon Energy trades at 2.9x EV/Revenue multiple, and 8.7x EV/EBITDA.
EV / Revenue (LTM)
Icon Energy Financial Valuation Multiples
As of April 2, 2026, Icon Energy has market cap of $3M and EV of $34M.
Equity research analysts estimate Icon Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Icon Energy has a P/E ratio of (0.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3M | XXX | $3M | XXX | XXX | XXX |
| EV (current) | $34M | XXX | $34M | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 91.1x | XXX | 171.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 13.5x | XXX | XXX | XXX |
| P/E | (0.5x) | XXX | (0.8x) | XXX | XXX | XXX |
| EV/FCF | (146.9x) | XXX | 42.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Icon Energy 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.
Icon Energy Margins & Growth Rates
Icon Energy's revenue in the last 12 month grew by 21%.
Icon Energy's rule of 40 is 56% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Icon Energy's rule of X is 86% (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).
Icon Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 29% | XXX | 36% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 56% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 86% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Icon Energy Public Comps
See public comps and valuation multiples for other Marine Transportation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| C3is | XXX | XXX | XXX | XXX | XXX | XXX |
| Intercont (Cayman) | XXX | XXX | XXX | XXX | XXX | XXX |
| Erria | XXX | XXX | XXX | XXX | XXX | XXX |
| Ramlösa Shipping | XXX | XXX | XXX | XXX | XXX | XXX |
| Bulgarian River Shipping | 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.
Icon Energy M&A Activity
Icon Energy acquired XXX companies to date.
Last acquisition by Icon Energy was on XXXXXXXX, XXXXX. Icon Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Icon Energy
| 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 TrialIcon Energy Investment Activity
Icon Energy invested in XXX companies to date.
Icon Energy made its latest investment on XXXXXXXX, XXXXX. Icon Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Icon Energy
| 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 TrialAbout Icon Energy
| When was Icon Energy founded? | Icon Energy was founded in 2023. |
| Where is Icon Energy headquartered? | Icon Energy is headquartered in Greece. |
| How many employees does Icon Energy have? | As of today, Icon Energy has over 0 employees. |
| Who is the CEO of Icon Energy? | Icon Energy's CEO is Ismini Panagiotidi. |
| Is Icon Energy publicly listed? | Yes, Icon Energy is a public company listed on Nasdaq. |
| What is the stock symbol of Icon Energy? | Icon Energy trades under ICON ticker. |
| When did Icon Energy go public? | Icon Energy went public in 2024. |
| Who are competitors of Icon Energy? | Icon Energy main competitors are C3is, Intercont (Cayman), Erria, Ramlösa Shipping. |
| What is the current market cap of Icon Energy? | Icon Energy's current market cap is $3M. |
| What is the current revenue of Icon Energy? | Icon Energy's last 12 months revenue is $12M. |
| What is the current revenue growth of Icon Energy? | Icon Energy revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Icon Energy? | Current revenue multiple of Icon Energy is 2.9x. |
| Is Icon Energy profitable? | Yes, Icon Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Icon Energy? | Icon Energy's last 12 months EBITDA is $4M. |
| What is Icon Energy's EBITDA margin? | Icon Energy's last 12 months EBITDA margin is 33%. |
| What is the current EV/EBITDA multiple of Icon Energy? | Current EBITDA multiple of Icon Energy is 8.7x. |
| What is the current FCF of Icon Energy? | Icon Energy's last 12 months FCF is ($233K). |
| What is Icon Energy's FCF margin? | Icon Energy's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Icon Energy? | Current FCF multiple of Icon Energy is (146.9x). |
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