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Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
2010
1.3K+
LTM Revenue $665M
LTM EBITDA $95.5M
$968M
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Lindblad Expeditions has a last 12-month revenue of $665M and a last 12-month EBITDA of $95.5M.
In the most recent fiscal year, Lindblad Expeditions achieved revenue of $645M and an EBITDA of $74.1M.
Lindblad Expeditions expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Lindblad Expeditions valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $570M | $645M | XXX | XXX | XXX |
| Gross Profit | $138M | $247M | XXX | XXX | XXX |
| Gross Margin | 24% | 38% | XXX | XXX | XXX |
| EBITDA | $54.8M | $74.1M | XXX | XXX | XXX |
| EBITDA Margin | 10% | 11% | XXX | XXX | XXX |
| Net Profit | -$111M | -$45.6M | XXX | XXX | XXX |
| Net Margin | -20% | -7% | XXX | XXX | XXX |
| Net Debt | $466M | $465M | XXX | XXX | XXX |
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As of April 15, 2025, Lindblad Expeditions's stock price is $8.
Lindblad Expeditions has current market cap of $447M, and EV of $968M.
See Lindblad Expeditions trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $968M | $447M | XXX | XXX | XXX | XXX | $-0.54 |
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Sign UpAs of April 15, 2025, Lindblad Expeditions has market cap of $447M and EV of $968M.
Lindblad Expeditions's trades at 1.5x LTM EV/Revenue multiple, and 10.1x LTM EBITDA.
Analysts estimate Lindblad Expeditions's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Lindblad Expeditions and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $968M | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 13.1x | XXX | XXX | XXX |
| P/E | -14.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 16.5x | XXX | XXX | XXX |
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Sign UpLindblad Expeditions's NTM/LTM revenue growth is 10%
Lindblad Expeditions's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, Lindblad Expeditions's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Lindblad Expeditions's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Lindblad Expeditions and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 22% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 43% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| EIH | XXX | XXX | XXX | XXX | XXX | XXX |
| Salamis Tours | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival plc | XXX | XXX | XXX | XXX | XXX | XXX |
| Carnival Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Norwegian Cruise Line | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Lindblad Expeditions acquired XXX companies to date.
Last acquisition by Lindblad Expeditions was XXXXXXXX, XXXXX XXXXX XXXXXX . Lindblad Expeditions acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Lindblad Expeditions founded? | Lindblad Expeditions was founded in 2010. |
| Where is Lindblad Expeditions headquartered? | Lindblad Expeditions is headquartered in United States of America. |
| How many employees does Lindblad Expeditions have? | As of today, Lindblad Expeditions has 1.3K+ employees. |
| Who is the CEO of Lindblad Expeditions? | Lindblad Expeditions's CEO is Ms. Natalya Leahy. |
| Is Lindblad Expeditions publicy listed? | Yes, Lindblad Expeditions is a public company listed on NAS. |
| What is the stock symbol of Lindblad Expeditions? | Lindblad Expeditions trades under LIND ticker. |
| When did Lindblad Expeditions go public? | Lindblad Expeditions went public in 2013. |
| Who are competitors of Lindblad Expeditions? | Similar companies to Lindblad Expeditions include e.g. EIH, Salamis Tours, Carnival plc, Carnival Corp.. |
| What is the current market cap of Lindblad Expeditions? | Lindblad Expeditions's current market cap is $447M |
| What is the current revenue of Lindblad Expeditions? | Lindblad Expeditions's last 12-month revenue is $665M. |
| What is the current EBITDA of Lindblad Expeditions? | Lindblad Expeditions's last 12-month EBITDA is $95.5M. |
| What is the current EV/Revenue multiple of Lindblad Expeditions? | Current revenue multiple of Lindblad Expeditions is 1.5x. |
| What is the current EV/EBITDA multiple of Lindblad Expeditions? | Current EBITDA multiple of Lindblad Expeditions is 10.1x. |
| What is the current revenue growth of Lindblad Expeditions? | Lindblad Expeditions revenue growth between 2023 and 2024 was 13%. |
| Is Lindblad Expeditions profitable? | Yes, Lindblad Expeditions is EBITDA-positive (as of the last 12 months). |
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