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Neste Valuation Multiples
Discover revenue and EBITDA valuation multiples for Neste and similar public comparables like OMV, Norsk Hydro, EDP Group, NiSource and more.
Neste Overview
About Neste
Neste OYJ Formerly Neste Corp. offers renewable products and solutions and oil products to a host of globalised markets. Its business is divided into various segments, including oil products, renewable products, marketing and services and others. Oil products generate the maximum share of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste's oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.
Founded
1948
HQ

Employees
5.6K
Website
Financials (LTM)
EV
$27B
Neste Financials
Neste reported last 12-month revenue of $23B and EBITDA of $2B.
In the same LTM period, Neste generated $2B in gross profit, $2B in EBITDA, and $629M in net income.
Revenue (LTM)
Neste P&L
In the most recent fiscal year, Neste reported revenue of $22B and EBITDA of $2B.
Neste expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $22B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $629M | XXX | $170M | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Neste Stock Performance
Neste has current market cap of $22B, and enterprise value of $27B.
Market Cap Evolution
Neste's stock price is $29.09.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $27B | $22B | 0.9% | XXX | XXX | XXX | $0.22 |
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Start Free TrialNeste Valuation Multiples
Neste trades at 1.2x EV/Revenue multiple, and 11.4x EV/EBITDA.
EV / Revenue (LTM)
Neste Financial Valuation Multiples
As of April 17, 2026, Neste has market cap of $22B and EV of $27B.
Equity research analysts estimate Neste's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Neste has a P/E ratio of 35.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $22B | XXX | $22B | XXX | XXX | XXX |
| EV (current) | $27B | XXX | $27B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | 13.9x | XXX | XXX | XXX |
| EV/EBIT | 20.9x | XXX | 31.3x | XXX | XXX | XXX |
| EV/Gross Profit | 11.9x | XXX | 13.3x | XXX | XXX | XXX |
| P/E | 35.5x | XXX | 131.4x | XXX | XXX | XXX |
| EV/FCF | 31.3x | XXX | 27.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Neste 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.


Neste Margins & Growth Rates
Neste's revenue in the last 12 month grew by 8%.
Neste's revenue per employee in the last FY averaged $4.0M, while opex per employee averaged $0.3M for the same period.
Neste's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Neste's rule of X is 32% (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).
Neste Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 43% | XXX | 77% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 21% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Neste Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Neste | XXX | XXX | XXX | XXX | XXX | XXX |
| OMV | XXX | XXX | XXX | XXX | XXX | XXX |
| Norsk Hydro | XXX | XXX | XXX | XXX | XXX | XXX |
| EDP Group | XXX | XXX | XXX | XXX | XXX | XXX |
| NiSource | XXX | XXX | XXX | XXX | XXX | XXX |
| IndianOil | 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.
Neste M&A Activity
Neste acquired XXX companies to date.
Last acquisition by Neste was on XXXXXXXX, XXXXX. Neste acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Neste
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialNeste Investment Activity
Neste invested in XXX companies to date.
Neste made its latest investment on XXXXXXXX, XXXXX. Neste invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Neste
| 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 Neste
| When was Neste founded? | Neste was founded in 1948. |
| Where is Neste headquartered? | Neste is headquartered in Finland. |
| How many employees does Neste have? | As of today, Neste has over 5K employees. |
| Who is the CEO of Neste? | Neste's CEO is Heikki Malinen. |
| Is Neste publicly listed? | Yes, Neste is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Neste? | Neste trades under NESTE ticker. |
| When did Neste go public? | Neste went public in 2005. |
| Who are competitors of Neste? | Neste main competitors are OMV, Norsk Hydro, EDP Group, NiSource. |
| What is the current market cap of Neste? | Neste's current market cap is $22B. |
| What is the current revenue of Neste? | Neste's last 12 months revenue is $23B. |
| What is the current revenue growth of Neste? | Neste revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Neste? | Current revenue multiple of Neste is 1.2x. |
| Is Neste profitable? | Yes, Neste is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Neste? | Neste's last 12 months EBITDA is $2B. |
| What is Neste's EBITDA margin? | Neste's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Neste? | Current EBITDA multiple of Neste is 11.4x. |
| What is the current FCF of Neste? | Neste's last 12 months FCF is $858M. |
| What is Neste's FCF margin? | Neste's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Neste? | Current FCF multiple of Neste is 31.3x. |
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