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Meituan is the largest food delivery platform in China, with a 60%-70% share of the market in 2024, according to Morningstar estimates. In the third quarter of 2024, the firm generated 74% of its revenue from the core local commerce segment, which includes on-demand food delivery and retail, in-store services (such as visiting beauty and entertainment stores after purchasing deals on Meituan), and hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as the community group purchase business Meituan Select and the overseas food delivery business.
2015
108.9K+
LTM Revenue $53.8B
LTM EBITDA $7.2B
$91.1B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Meituan has a last 12-month revenue (LTM) of $53.8B and a last 12-month EBITDA of $7.2B.
In the most recent fiscal year, Meituan achieved revenue of $43.1B and an EBITDA of $6.1B.
Meituan expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Meituan valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $53.8B | XXX | $43.1B | XXX | XXX | XXX |
| Gross Profit | $20.6B | XXX | $16.6B | XXX | XXX | XXX |
| Gross Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $7.2B | XXX | $6.1B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBIT | $5.9B | XXX | $4.3B | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $5.4B | XXX | $4.6B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Meituan's stock price is HKD 138 (or $18).
Meituan has current market cap of HKD 843B (or $108B), and EV of HKD 714B (or $91.1B).
See Meituan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $91.1B | $108B | XXX | XXX | XXX | XXX | $0.95 |
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Start Free TrialAs of May 30, 2025, Meituan has market cap of $108B and EV of $91.1B.
Meituan's trades at 2.1x EV/Revenue multiple, and 15.0x EV/EBITDA.
Equity research analysts estimate Meituan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Meituan has a P/E ratio of 21.5x.
See valuation multiples for Meituan and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $108B | XXX | $108B | XXX | XXX | XXX |
| EV (current) | $91.1B | XXX | $91.1B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 13.8x | XXX | 15.0x | XXX | XXX | XXX |
| EV/EBIT | 16.8x | XXX | 21.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 21.5x | XXX | 23.5x | XXX | XXX | XXX |
| EV/FCF | 15.2x | XXX | 15.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialMeituan's last 12 month revenue growth is 16%
Meituan's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Meituan's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Meituan's rule of X is 54% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Meituan and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 50% | XXX | XXX | XXX |
| Rule of 40 | 25% | XXX | 30% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 54% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 18% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 28% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Eternal | XXX | XXX | XXX | XXX | XXX | XXX |
| VL E-Governance | XXX | XXX | XXX | XXX | XXX | XXX |
| Talabat | 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.
Meituan acquired XXX companies to date.
Last acquisition by Meituan was XXXXXXXX, XXXXX XXXXX XXXXXX . Meituan 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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Start Free Trial| When was Meituan founded? | Meituan was founded in 2015. |
| Where is Meituan headquartered? | Meituan is headquartered in Hong Kong. |
| How many employees does Meituan have? | As of today, Meituan has 108.9K+ employees. |
| Who is the CEO of Meituan? | Meituan's CEO is Mr. Xing Wang. |
| Is Meituan publicy listed? | Yes, Meituan is a public company listed on HKG. |
| What is the stock symbol of Meituan? | Meituan trades under 03690 ticker. |
| When did Meituan go public? | Meituan went public in 2018. |
| Who are competitors of Meituan? | Similar companies to Meituan include e.g. Prosus, Just Eat Takeaway.com, Eternal, VL E-Governance. |
| What is the current market cap of Meituan? | Meituan's current market cap is $108B |
| What is the current revenue of Meituan? | Meituan's last 12 months revenue is $53.8B. |
| What is the current revenue growth of Meituan? | Meituan revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of Meituan? | Current revenue multiple of Meituan is 1.8x. |
| Is Meituan profitable? | Yes, Meituan is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Meituan? | Meituan's last 12 months EBITDA is $7.2B. |
| What is Meituan's EBITDA margin? | Meituan's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Meituan? | Current EBITDA multiple of Meituan is 13.8x. |
| What is the current FCF of Meituan? | Meituan's last 12 months FCF is $6.5B. |
| What is Meituan's FCF margin? | Meituan's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Meituan? | Current FCF multiple of Meituan is 15.2x. |
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