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Karoon Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Karoon Energy and similar public comparables like B.Grimm Power, BW Offshore, Hunting, Tamar Petroleum and more.
Karoon Energy Overview
About Karoon Energy
Karoon produces around 8 million barrels of oil equivalent annually from its wholly owned Baúna field in Brazil’s offshore Santos Basin and around 3.5 mmboe from 30% owned Who Dat in the US Gulf. The company acquired Baúna from Petrobras in 2020 and steadily increased production via well interventions and new developments. Field life is approaching five years based on proven and probable reserves of 35 million barrels at the end of December 2024, though this excludes a further 98 million barrels in 2C contingent resources that have the potential to increase life further. We credit a life of more than 10 years, assuming conversion of some 2C contingent resources into the reserve category with drilling. There are also prospective untested targets within Karoon’s permits.
Founded
2003
HQ

Employees
155
Website
Sectors
Financials (LTM)
EV
$1B
Karoon Energy Financials
Karoon Energy reported last 12-month revenue of $629M and EBITDA of $387M.
In the same LTM period, Karoon Energy generated $497M in gross profit, $387M in EBITDA, and $114M in net income.
Revenue (LTM)
Karoon Energy P&L
In the most recent fiscal year, Karoon Energy reported revenue of $629M and EBITDA of $402M.
Karoon Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $629M | XXX | $629M | XXX | XXX | XXX |
| Gross Profit | $497M | XXX | $421M | XXX | XXX | XXX |
| Gross Margin | 79% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $387M | XXX | $402M | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 64% | XXX | XXX | XXX |
| EBIT Margin | 34% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $114M | XXX | $126M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $132M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Karoon Energy Stock Performance
Karoon Energy has current market cap of $992M, and enterprise value of $1B.
Market Cap Evolution
Karoon Energy's stock price is $1.39.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $992M | 3.7% | XXX | XXX | XXX | $0.18 |
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Start Free TrialKaroon Energy Valuation Multiples
Karoon Energy trades at 1.8x EV/Revenue multiple, and 2.9x EV/EBITDA.
EV / Revenue (LTM)
Karoon Energy Financial Valuation Multiples
As of April 11, 2026, Karoon Energy has market cap of $992M and EV of $1B.
Equity research analysts estimate Karoon Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Karoon Energy has a P/E ratio of 8.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $992M | XXX | $992M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 1.8x | XXX | XXX | XXX |
| EV/EBITDA | 2.9x | XXX | 2.8x | XXX | XXX | XXX |
| EV/EBIT | 5.2x | XXX | 5.3x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.7x | XXX | XXX | XXX |
| P/E | 8.7x | XXX | 7.9x | XXX | XXX | XXX |
| EV/FCF | 30.1x | XXX | 25.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Karoon 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.


Karoon Energy Margins & Growth Rates
Karoon Energy's revenue in the last 12 month declined by (1%).
Karoon Energy's revenue per employee in the last FY averaged $4.1M, while opex per employee averaged $1.6M for the same period.
Karoon Energy's rule of 40 is 62% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Karoon Energy's rule of X is 63% (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).
Karoon Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 62% | XXX | 64% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 62% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 63% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Karoon Energy Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| B.Grimm Power | XXX | XXX | XXX | XXX | XXX | XXX |
| BW Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Hunting | XXX | XXX | XXX | XXX | XXX | XXX |
| Tamar Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| Rockhopper Exploration | 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.
Karoon Energy M&A Activity
Karoon Energy acquired XXX companies to date.
Last acquisition by Karoon Energy was on XXXXXXXX, XXXXX. Karoon Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Karoon 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 TrialKaroon Energy Investment Activity
Karoon Energy invested in XXX companies to date.
Karoon Energy made its latest investment on XXXXXXXX, XXXXX. Karoon Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Karoon 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 Karoon Energy
| When was Karoon Energy founded? | Karoon Energy was founded in 2003. |
| Where is Karoon Energy headquartered? | Karoon Energy is headquartered in Australia. |
| How many employees does Karoon Energy have? | As of today, Karoon Energy has over 155 employees. |
| Who is the CEO of Karoon Energy? | Karoon Energy's CEO is Julian Fowles. |
| Is Karoon Energy publicly listed? | Yes, Karoon Energy is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Karoon Energy? | Karoon Energy trades under KAR ticker. |
| When did Karoon Energy go public? | Karoon Energy went public in 2004. |
| Who are competitors of Karoon Energy? | Karoon Energy main competitors are B.Grimm Power, BW Offshore, Hunting, Tamar Petroleum. |
| What is the current market cap of Karoon Energy? | Karoon Energy's current market cap is $992M. |
| What is the current revenue of Karoon Energy? | Karoon Energy's last 12 months revenue is $629M. |
| What is the current revenue growth of Karoon Energy? | Karoon Energy revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Karoon Energy? | Current revenue multiple of Karoon Energy is 1.8x. |
| Is Karoon Energy profitable? | Yes, Karoon Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Karoon Energy? | Karoon Energy's last 12 months EBITDA is $387M. |
| What is Karoon Energy's EBITDA margin? | Karoon Energy's last 12 months EBITDA margin is 62%. |
| What is the current EV/EBITDA multiple of Karoon Energy? | Current EBITDA multiple of Karoon Energy is 2.9x. |
| What is the current FCF of Karoon Energy? | Karoon Energy's last 12 months FCF is $37M. |
| What is Karoon Energy's FCF margin? | Karoon Energy's last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Karoon Energy? | Current FCF multiple of Karoon Energy is 30.1x. |
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