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Mullen Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mullen Group and similar public comparables like Dazhong Transportation, Marten Transport, Blue Dart Express, Prosegur Cash and more.
Mullen Group Overview
About Mullen Group
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
Founded
2009
HQ

Employees
8.6K
Website
Financials (LTM)
EV
$2B
Mullen Group Financials
Mullen Group reported last 12-month revenue of $2B and EBITDA of $245M.
In the same LTM period, Mullen Group generated $487M in gross profit, $245M in EBITDA, and $72M in net income.
Revenue (LTM)
Mullen Group P&L
In the most recent fiscal year, Mullen Group reported revenue of $2B and EBITDA of $238M.
Mullen Group 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 | $487M | XXX | $358M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 23% | XXX | XXX | XXX |
| EBITDA | $245M | XXX | $238M | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $72M | XXX | $67M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $470M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mullen Group Stock Performance
Mullen Group has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Mullen Group's stock price is $13.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | -0.5% | XXX | XXX | XXX | $0.70 |
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Start Free TrialMullen Group Valuation Multiples
Mullen Group trades at 1.2x EV/Revenue multiple, and 7.9x EV/EBITDA.
EV / Revenue (LTM)
Mullen Group Financial Valuation Multiples
As of April 19, 2026, Mullen Group has market cap of $1B and EV of $2B.
Equity research analysts estimate Mullen Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mullen Group has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.9x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBIT | 14.4x | XXX | 15.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.0x | XXX | 5.4x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 19.0x | XXX | XXX | XXX |
| EV/FCF | 17.3x | XXX | 12.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mullen Group 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.


Mullen Group Margins & Growth Rates
Mullen Group's revenue in the last 12 month grew by 5%.
Mullen Group's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Mullen Group's rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mullen Group's rule of X is 35% (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).
Mullen Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | 15% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mullen Group Public Comps
See public comps and valuation multiples for other Logistics & Air Freight and Road Transportation comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mullen Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Dazhong Transportation | XXX | XXX | XXX | XXX | XXX | XXX |
| Marten Transport | XXX | XXX | XXX | XXX | XXX | XXX |
| Blue Dart Express | XXX | XXX | XXX | XXX | XXX | XXX |
| Prosegur Cash | XXX | XXX | XXX | XXX | XXX | XXX |
| Irish Continental Group | 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.
Mullen Group M&A Activity
Mullen Group acquired XXX companies to date.
Last acquisition by Mullen Group was on XXXXXXXX, XXXXX. Mullen Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mullen Group
| 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 TrialMullen Group Investment Activity
Mullen Group invested in XXX companies to date.
Mullen Group made its latest investment on XXXXXXXX, XXXXX. Mullen Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mullen Group
| 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 Mullen Group
| When was Mullen Group founded? | Mullen Group was founded in 2009. |
| Where is Mullen Group headquartered? | Mullen Group is headquartered in Canada. |
| How many employees does Mullen Group have? | As of today, Mullen Group has over 8K employees. |
| Who is the CEO of Mullen Group? | Mullen Group's CEO is Murray K. Mullen. |
| Is Mullen Group publicly listed? | Yes, Mullen Group is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Mullen Group? | Mullen Group trades under MTL ticker. |
| When did Mullen Group go public? | Mullen Group went public in 1993. |
| Who are competitors of Mullen Group? | Mullen Group main competitors are Dazhong Transportation, Marten Transport, Blue Dart Express, Prosegur Cash. |
| What is the current market cap of Mullen Group? | Mullen Group's current market cap is $1B. |
| What is the current revenue of Mullen Group? | Mullen Group's last 12 months revenue is $2B. |
| What is the current revenue growth of Mullen Group? | Mullen Group revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Mullen Group? | Current revenue multiple of Mullen Group is 1.2x. |
| Is Mullen Group profitable? | Yes, Mullen Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mullen Group? | Mullen Group's last 12 months EBITDA is $245M. |
| What is Mullen Group's EBITDA margin? | Mullen Group's last 12 months EBITDA margin is 15%. |
| What is the current EV/EBITDA multiple of Mullen Group? | Current EBITDA multiple of Mullen Group is 7.9x. |
| What is the current FCF of Mullen Group? | Mullen Group's last 12 months FCF is $111M. |
| What is Mullen Group's FCF margin? | Mullen Group's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Mullen Group? | Current FCF multiple of Mullen Group is 17.3x. |
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