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M3 Inc. Overview
About M3 Inc.
M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain.
Founded
2000
HQ
Employees
18.4K
Website
Financials (LTM)
EV
$6B
M3 Inc. Financials
M3 Inc. reported last 12-month revenue of $2B and EBITDA of $577M.
In the same LTM period, M3 Inc. generated $1B in gross profit, $577M in EBITDA, and $318M in net income.
Revenue (LTM)
M3 Inc. P&L
In the most recent fiscal year, M3 Inc. reported revenue of $2B and EBITDA of $523M.
M3 Inc. expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $972M | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $577M | XXX | $523M | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $318M | XXX | $282M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
M3 Inc. Stock Performance
M3 Inc. has current market cap of $7B, and enterprise value of $6B.
Market Cap Evolution
M3 Inc.'s stock price is $9.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $7B | -0.5% | XXX | XXX | XXX | $0.42 |
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Start Free TrialM3 Inc. Valuation Multiples
M3 Inc. trades at 2.5x EV/Revenue multiple, and 9.9x EV/EBITDA.
EV / Revenue (LTM)
M3 Inc. Financial Valuation Multiples
As of April 17, 2026, M3 Inc. has market cap of $7B and EV of $6B.
Equity research analysts estimate M3 Inc.'s 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
M3 Inc. has a P/E ratio of 20.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 9.9x | XXX | 10.9x | XXX | XXX | XXX |
| EV/EBIT | 11.6x | XXX | 13.0x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 5.9x | XXX | XXX | XXX |
| P/E | 20.9x | XXX | 23.6x | XXX | XXX | XXX |
| EV/FCF | 23.6x | XXX | 21.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified M3 Inc. 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.
M3 Inc. Margins & Growth Rates
M3 Inc.'s revenue in the last 12 month grew by 10%.
M3 Inc.'s revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
M3 Inc.'s rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
M3 Inc.'s rule of X is 58% (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).
M3 Inc. Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 26% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 39% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 58% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 30% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
M3 Inc. Public Comps
See public comps and valuation multiples for other Healthcare Software and Online Content & News comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| M3 Inc. | XXX | XXX | XXX | XXX | XXX | XXX |
| Glaukos | XXX | XXX | XXX | XXX | XXX | XXX |
| Waystar | XXX | XXX | XXX | XXX | XXX | XXX |
| Doximity | XXX | XXX | XXX | XXX | XXX | XXX |
| ICON plc | XXX | XXX | XXX | XXX | XXX | XXX |
| CCC Intelligent Solutions | 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.
M3 Inc. M&A Activity
M3 Inc. acquired XXX companies to date.
Last acquisition by M3 Inc. was on XXXXXXXX, XXXXX. M3 Inc. acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by M3 Inc.
| 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 TrialM3 Inc. Investment Activity
M3 Inc. invested in XXX companies to date.
M3 Inc. made its latest investment on XXXXXXXX, XXXXX. M3 Inc. invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by M3 Inc.
| 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 M3 Inc.
| When was M3 Inc. founded? | M3 Inc. was founded in 2000. |
| Where is M3 Inc. headquartered? | M3 Inc. is headquartered in Japan. |
| How many employees does M3 Inc. have? | As of today, M3 Inc. has over 18K employees. |
| Is M3 Inc. publicly listed? | Yes, M3 Inc. is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of M3 Inc.? | M3 Inc. trades under 2413 ticker. |
| When did M3 Inc. go public? | M3 Inc. went public in 2004. |
| Who are competitors of M3 Inc.? | M3 Inc. main competitors are Glaukos, Waystar, Doximity, ICON plc. |
| What is the current market cap of M3 Inc.? | M3 Inc.'s current market cap is $7B. |
| What is the current revenue of M3 Inc.? | M3 Inc.'s last 12 months revenue is $2B. |
| What is the current revenue growth of M3 Inc.? | M3 Inc. revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of M3 Inc.? | Current revenue multiple of M3 Inc. is 2.5x. |
| Is M3 Inc. profitable? | Yes, M3 Inc. is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of M3 Inc.? | M3 Inc.'s last 12 months EBITDA is $577M. |
| What is M3 Inc.'s EBITDA margin? | M3 Inc.'s last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of M3 Inc.? | Current EBITDA multiple of M3 Inc. is 9.9x. |
| What is the current FCF of M3 Inc.? | M3 Inc.'s last 12 months FCF is $241M. |
| What is M3 Inc.'s FCF margin? | M3 Inc.'s last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of M3 Inc.? | Current FCF multiple of M3 Inc. is 23.6x. |
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