ITM Power Valuation Multiples

ITM Power Overview

About ITM Power

ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.

Founded

2004

HQ

Employees

306

Website

itm-power.com

Sectors

Energy EquipmentMachinery

Financials (LTM)

Revenue: $57M

EBITDA: ($37M)

EV

$626M

Valuation Multiples

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ITM Power Financials

ITM Power reported last 12-month revenue of $57M and negative EBITDA of ($37M).

In the same LTM period, ITM Power generated ($10M) in gross profit, ($37M) in EBITDA losses, and had net loss of ($40M).

ITM Power P&L

In the most recent fiscal year, ITM Power reported revenue of $35M and EBITDA of ($45M).

ITM Power expects next 12-month revenue of XXX and NTM EBITDA of XXX

ITM Power Stock Performance

ITM Power has current market cap of $874M, and enterprise value of $626M.

ITM Power's stock price is $1.27.

ITM Power Valuation Multiples

ITM Power trades at 11.0x EV/Revenue multiple, and (16.9x) EV/EBITDA.

ITM Power Financial Valuation Multiples

As of April 20, 2026, ITM Power has market cap of $874M and EV of $626M.

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

ITM Power has a P/E ratio of (21.9x).

ITM Power Margins & Growth Rates

ITM Power's revenue in the last 12 month grew by 35%.

ITM Power's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

ITM Power's rule of 40 is (5%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

ITM Power's rule of X is 57% (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).

ITM Power Public Comps

See public comps and valuation multiples for other Energy Equipment and Machinery comps.

ITM Power M&A Activity

ITM Power acquired XXX companies to date.

Last acquisition by ITM Power was on XXXXXXXX, XXXXX. ITM Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

ITM Power Investment Activity

ITM Power invested in XXX companies to date.

ITM Power made its latest investment on XXXXXXXX, XXXXX. ITM Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).