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Lineage Valuation Multiples
Discover revenue and EBITDA valuation multiples for Lineage and similar public comparables like Alexandria Real Estate, Boston Properties, CubeSmart, CTP and more.
Lineage Overview
About Lineage
Lineage Inc is a temperature-controlled warehouse real estate investment trust. It operates an interconnected temperature-controlled warehouse network, comprising approximately millions of square feet across several warehouses predominantly located in densely populated critical-distribution markets across North America, Asia-Pacific, and Europe. The company's reportable segments are: Global Warehousing, which utilizes the company's industrial real estate properties to provide temperature-controlled warehousing services to its customers; and Global Integrated Solutions, which complements warehousing with supply chain services. Maximum revenue for the company is generated from the Global Warehousing segment. Geographically, it generates maximum revenue from the United States.
Founded
2017
HQ
Employees
24.0K
Website
Sectors
Financials (LTM)
EV
$17B
Lineage Financials
Lineage reported last 12-month revenue of $5B and EBITDA of $1B.
In the same LTM period, Lineage generated $2B in gross profit, $1B in EBITDA, and had net loss of ($117M).
Revenue (LTM)
Lineage P&L
In the most recent fiscal year, Lineage reported revenue of $5B and EBITDA of $1B.
Lineage expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 5% | XXX | XXX | XXX |
| Net Profit | ($117M) | XXX | ($100M) | XXX | XXX | XXX |
| Net Margin | (2%) | XXX | (2%) | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Lineage Stock Performance
Lineage has current market cap of $9B, and enterprise value of $17B.
Market Cap Evolution
Lineage's stock price is $40.49.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17B | $9B | 0.0% | XXX | XXX | XXX | $-0.44 |
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Start Free TrialLineage Valuation Multiples
Lineage trades at 3.2x EV/Revenue multiple, and 13.3x EV/EBITDA.
EV / Revenue (LTM)
Lineage Financial Valuation Multiples
As of March 30, 2026, Lineage has market cap of $9B and EV of $17B.
Equity research analysts estimate Lineage's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Lineage has a P/E ratio of (78.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 13.3x | XXX | 13.2x | XXX | XXX | XXX |
| EV/EBIT | 82.1x | XXX | 67.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.9x | XXX | 9.9x | XXX | XXX | XXX |
| P/E | (78.4x) | XXX | (91.9x) | XXX | XXX | XXX |
| EV/FCF | 27.5x | XXX | 30.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Lineage 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.
Lineage Margins & Growth Rates
Lineage's revenue in the last 12 month grew by 2%.
Lineage's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Lineage's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Lineage's rule of X is 28% (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).
Lineage Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | (0%) | XXX | (2%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Lineage Public Comps
See public comps and valuation multiples for other Buildings & Property comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alexandria Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| Boston Properties | XXX | XXX | XXX | XXX | XXX | XXX |
| CubeSmart | XXX | XXX | XXX | XXX | XXX | XXX |
| CTP | XXX | XXX | XXX | XXX | XXX | XXX |
| Balder | 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.
Lineage M&A Activity
Lineage acquired XXX companies to date.
Last acquisition by Lineage was on XXXXXXXX, XXXXX. Lineage acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Lineage
| 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 TrialLineage Investment Activity
Lineage invested in XXX companies to date.
Lineage made its latest investment on XXXXXXXX, XXXXX. Lineage invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Lineage
| 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 Lineage
| When was Lineage founded? | Lineage was founded in 2017. |
| Where is Lineage headquartered? | Lineage is headquartered in United States. |
| How many employees does Lineage have? | As of today, Lineage has over 24K employees. |
| Who is the CEO of Lineage? | Lineage's CEO is W. Gregory Lehmkuhl. |
| Is Lineage publicly listed? | Yes, Lineage is a public company listed on Nasdaq. |
| What is the stock symbol of Lineage? | Lineage trades under LINE ticker. |
| When did Lineage go public? | Lineage went public in 2024. |
| Who are competitors of Lineage? | Lineage main competitors are Alexandria Real Estate, Boston Properties, CubeSmart, CTP. |
| What is the current market cap of Lineage? | Lineage's current market cap is $9B. |
| What is the current revenue of Lineage? | Lineage's last 12 months revenue is $5B. |
| What is the current revenue growth of Lineage? | Lineage revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Lineage? | Current revenue multiple of Lineage is 3.2x. |
| Is Lineage profitable? | Yes, Lineage is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Lineage? | Lineage's last 12 months EBITDA is $1B. |
| What is Lineage's EBITDA margin? | Lineage's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Lineage? | Current EBITDA multiple of Lineage is 13.3x. |
| What is the current FCF of Lineage? | Lineage's last 12 months FCF is $621M. |
| What is Lineage's FCF margin? | Lineage's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Lineage? | Current FCF multiple of Lineage is 27.5x. |
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