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ICOP Valuation Multiples
Discover revenue and EBITDA valuation multiples for ICOP and similar public comparables like Besalco, Service Stream, Ch Karnchang PCL, Jet Contractors and more.
ICOP Overview
About ICOP
ICOP SpA operates domestically and internationally in the construction and engineering works sector. It is engaged in (i) special foundations; (ii) microtunnelling technologies ; (iii) maritime works (specialist works) and carries out, secondarily, (iv) public-private partnership (PPP) works and other infrastructure works.
Founded
1973
HQ

Employees
369
Website
Sectors
Financials (LTM)
EV
$990M
ICOP Financials
ICOP reported last 12-month revenue of $554M and EBITDA of $104M.
In the same LTM period, ICOP generated $104M in EBITDA and $42M in net income.
Revenue (LTM)
ICOP P&L
In the most recent fiscal year, ICOP reported revenue of $122M and EBITDA of $43M.
ICOP expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $554M | XXX | $122M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $66M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $104M | XXX | $43M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $42M | XXX | $21M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
ICOP Stock Performance
ICOP has current market cap of $837M, and enterprise value of $990M.
Market Cap Evolution
ICOP's stock price is $24.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $990M | $837M | 0.1% | XXX | XXX | XXX | $0.60 |
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Start Free TrialICOP Valuation Multiples
ICOP trades at 1.8x EV/Revenue multiple, and 9.5x EV/EBITDA.
EV / Revenue (LTM)
ICOP Financial Valuation Multiples
As of March 29, 2026, ICOP has market cap of $837M and EV of $990M.
Equity research analysts estimate ICOP's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
ICOP has a P/E ratio of 20.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $837M | XXX | $837M | XXX | XXX | XXX |
| EV (current) | $990M | XXX | $990M | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBITDA | 9.5x | XXX | 23.1x | XXX | XXX | XXX |
| EV/EBIT | 13.6x | XXX | 28.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 15.0x | XXX | XXX | XXX |
| P/E | 20.1x | XXX | 40.6x | XXX | XXX | XXX |
| EV/FCF | 366.3x | XXX | 506.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified ICOP 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.


ICOP Margins & Growth Rates
ICOP's revenue in the last 12 month grew by 30%.
ICOP's revenue per employee in the last FY averaged $1.5M.
ICOP's rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
ICOP's rule of X is 94% (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).
ICOP Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | 313% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | 127% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 94% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
ICOP Public Comps
See public comps and valuation multiples for other Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Besalco | XXX | XXX | XXX | XXX | XXX | XXX |
| Service Stream | XXX | XXX | XXX | XXX | XXX | XXX |
| Ch Karnchang PCL | XXX | XXX | XXX | XXX | XXX | XXX |
| Jet Contractors | XXX | XXX | XXX | XXX | XXX | XXX |
| Latham Group | 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.
ICOP M&A Activity
ICOP acquired XXX companies to date.
Last acquisition by ICOP was on XXXXXXXX, XXXXX. ICOP acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by ICOP
| 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 TrialICOP Investment Activity
ICOP invested in XXX companies to date.
ICOP made its latest investment on XXXXXXXX, XXXXX. ICOP invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by ICOP
| 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 ICOP
| When was ICOP founded? | ICOP was founded in 1973. |
| Where is ICOP headquartered? | ICOP is headquartered in Italy. |
| How many employees does ICOP have? | As of today, ICOP has over 369 employees. |
| Is ICOP publicly listed? | Yes, ICOP is a public company listed on Borsa Italiana. |
| What is the stock symbol of ICOP? | ICOP trades under ICOP ticker. |
| When did ICOP go public? | ICOP went public in 2024. |
| Who are competitors of ICOP? | ICOP main competitors are Besalco, Service Stream, Ch Karnchang PCL, Jet Contractors. |
| What is the current market cap of ICOP? | ICOP's current market cap is $837M. |
| What is the current revenue of ICOP? | ICOP's last 12 months revenue is $554M. |
| What is the current revenue growth of ICOP? | ICOP revenue growth (NTM/LTM) is 30%. |
| What is the current EV/Revenue multiple of ICOP? | Current revenue multiple of ICOP is 1.8x. |
| Is ICOP profitable? | Yes, ICOP is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of ICOP? | ICOP's last 12 months EBITDA is $104M. |
| What is ICOP's EBITDA margin? | ICOP's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of ICOP? | Current EBITDA multiple of ICOP is 9.5x. |
| What is the current FCF of ICOP? | ICOP's last 12 months FCF is $3M. |
| What is ICOP's FCF margin? | ICOP's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of ICOP? | Current FCF multiple of ICOP is 366.3x. |
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