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Next PLC is a retailer that sells clothing, footwear, accessories, and home products. Majority of the company's offerings consist of its own Next-branded products. Maximum of the company's remaining sales are through retail stores outside of the United Kingdom that it franchises. Its segments include NEXT Online, NEXT Finance and NEXT Retail. Majority of the company's revenue comes from customers in the United Kingdom. It also has its presence in Rest of Europe, Middle East, Asia and Rest of the world.
2002
48.4K+
LTM Revenue $7.6B
LTM EBITDA $1.7B
$16.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Next has a last 12-month revenue of $7.6B and a last 12-month EBITDA of $1.7B.
In the most recent fiscal year, Next achieved revenue of $6.9B and an EBITDA of $1.7B.
Next expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Next valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.8B | $6.3B | $6.9B | $7.6B | XXX |
| Gross Profit | $2.5B | $2.7B | $3.0B | XXX | XXX |
| Gross Margin | 43% | 43% | 44% | XXX | XXX |
| EBITDA | $1.4B | $1.4B | $1.7B | $1.7B | XXX |
| EBITDA Margin | 24% | 22% | 25% | 22% | XXX |
| Net Profit | $852M | $895M | $1.0B | XXX | XXX |
| Net Margin | 15% | 14% | 15% | XXX | XXX |
| Net Debt | $775M | $991M | $869M | XXX | XXX |
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As of February 21, 2025, Next's stock price is GBP 100 (or $126).
Next has current market cap of GBP 11.7B (or $14.8B), and EV of GBP 13.5B (or $16.9B).
See Next trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $16.9B | $14.8B | XXX | XXX | XXX | XXX | $8.03 |
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Sign UpAs of February 21, 2025, Next has market cap of $14.8B and EV of $16.9B.
Next's trades at 2.2x LTM EV/Revenue multiple, and 10.2x LTM EBITDA.
Analysts estimate Next's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Next and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $16.9B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | XXX | XXX |
| EV/EBITDA | 10.2x | XXX | XXX | XXX |
| P/E | 15.4x | XXX | XXX | XXX |
| P/E/Growth | 3.4x | XXX | XXX | XXX |
| EV/FCF | 19.1x | 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 UpNext's NTM/LTM revenue growth is 5%
Next's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $37K for the same period.
Over next 12 months, Next'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 Next's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Next and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 27% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $37K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 26% | 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 | |
| Brillia Inc | XXX | XXX | XXX | XXX | XXX | XXX |
| Cettire | XXX | XXX | XXX | XXX | XXX | XXX |
| Merino | XXX | XXX | XXX | XXX | XXX | XXX |
| Premier Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| Step One Clothing | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Next acquired XXX companies to date.
Last acquisition by Next was XXXXXXXX, XXXXX XXXXX XXXXXX . Next 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 Next founded? | Next was founded in 2002. |
| Where is Next headquartered? | Next is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does Next have? | As of today, Next has 48.4K+ employees. |
| Who is the CEO of Next? | Next's CEO is Lord Simon Adam Wolfson of Aspley Guise. |
| Is Next publicy listed? | Yes, Next is a public company listed on LON. |
| What is the stock symbol of Next? | Next trades under NXT ticker. |
| When did Next go public? | Next went public in 1948. |
| Who are competitors of Next? | Similar companies to Next include e.g. Brillia Inc, Cettire, Merino, Premier Investments. |
| What is the current market cap of Next? | Next's current market cap is $14.8B |
| What is the current revenue of Next? | Next's last 12-month revenue is $7.6B. |
| What is the current EBITDA of Next? | Next's last 12-month EBITDA is $1.7B. |
| What is the current EV/Revenue multiple of Next? | Current revenue multiple of Next is 2.2x. |
| What is the current EV/EBITDA multiple of Next? | Current EBITDA multiple of Next is 10.2x. |
| What is the current revenue growth of Next? | Next revenue growth between 2023 and 2024 was 9%. |
| Is Next profitable? | Yes, Next is EBITDA-positive (as of the last 12 months). |
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