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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), as well as hotel and travel booking. The remaining 26% of revenue came from the new initiatives segment, such as from the community group purchase business Meituan Select and the overseas food delivery business.
2015
114.7K+
LTM Revenue $52.2B
LTM EBITDA $7.4B
$100B
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 of $52.2B and a last 12-month EBITDA of $7.4B.
In the most recent fiscal year, Meituan achieved revenue of $35.6B and an EBITDA of $3.0B.
Meituan expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Meituan valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $28.3B | $35.6B | XXX | XXX | XXX |
| Gross Profit | $5.5B | $7.9B | XXX | XXX | XXX |
| Gross Margin | 19% | 22% | XXX | XXX | XXX |
| EBITDA | $586M | $3.0B | XXX | XXX | XXX |
| EBITDA Margin | 2% | 8% | XXX | XXX | XXX |
| Net Profit | -$3.0B | -$860M | XXX | XXX | XXX |
| Net Margin | -11% | -2% | XXX | XXX | XXX |
| Net Debt | $2.8B | $4.2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of April 15, 2025, Meituan's stock price is HKD 146 (or $19).
Meituan has current market cap of HKD 891B (or $115B), and EV of HKD 778B (or $100B).
See Meituan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $100B | $115B | XXX | XXX | XXX | XXX | $1.01 |
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Sign UpAs of April 15, 2025, Meituan has market cap of $115B and EV of $100B.
Meituan's trades at 2.1x LTM EV/Revenue multiple, and 14.4x LTM EBITDA.
Analysts estimate Meituan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Meituan and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $100B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | XXX | XXX |
| EV/EBITDA | 33.2x | XXX | XXX | XXX |
| P/E | 64.3x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | 23.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMeituan's NTM/LTM revenue growth is 16%
Meituan's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Meituan'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 Meituan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Meituan and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 26% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 414% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 24% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 21% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 31% | XXX | 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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Sign Up| 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 114.7K+ 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 $115B |
| What is the current revenue of Meituan? | Meituan's last 12-month revenue is $52.2B. |
| What is the current EBITDA of Meituan? | Meituan's last 12-month EBITDA is $7.4B. |
| What is the current EV/Revenue multiple of Meituan? | Current revenue multiple of Meituan is 2.1x. |
| What is the current EV/EBITDA multiple of Meituan? | Current EBITDA multiple of Meituan is 14.4x. |
| What is the current revenue growth of Meituan? | Meituan revenue growth between 2023 and 2024 was 26%. |
| Is Meituan profitable? | Yes, Meituan is EBITDA-positive (as of the last 12 months). |
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