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Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
2002
50.7K+
LTM Revenue $8.4B
LTM EBITDA $1.8B
$22.3B
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 (LTM) of $8.4B and a last 12-month EBITDA of $1.8B.
In the most recent fiscal year, Next achieved revenue of $8.2B and an EBITDA of $1.9B.
Next expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Next valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $8.4B | XXX | $8.2B | XXX | XXX | XXX |
| Gross Profit | $4.2B | XXX | $3.5B | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $1.8B | XXX | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 23% | XXX | XXX | XXX |
| EBIT | $1.5B | XXX | $1.5B | XXX | XXX | XXX |
| EBIT Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| Net Profit | $1.0B | XXX | $989M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $878M | XXX | XXX | XXX |
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As of May 30, 2025, Next's stock price is GBP 128 (or $172).
Next has current market cap of GBP 14.9B (or $20.1B), and EV of GBP 16.6B (or $22.3B).
See Next trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22.3B | $20.1B | XXX | XXX | XXX | XXX | $8.82 |
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Start Free TrialAs of May 30, 2025, Next has market cap of $20.1B and EV of $22.3B.
Next's trades at 2.7x EV/Revenue multiple, and 11.9x EV/EBITDA.
Equity research analysts estimate Next's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Next has a P/E ratio of 19.1x.
See valuation multiples for Next and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $20.1B | XXX | $20.1B | XXX | XXX | XXX |
| EV (current) | $22.3B | XXX | $22.3B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 12.1x | XXX | 11.9x | XXX | XXX | XXX |
| EV/EBIT | 15.0x | XXX | 15.3x | XXX | XXX | XXX |
| EV/Gross Profit | 5.3x | XXX | n/a | XXX | XXX | XXX |
| P/E | 19.1x | XXX | 20.1x | XXX | XXX | XXX |
| EV/FCF | 22.7x | XXX | 17.1x | 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.
Start Free TrialNext's last 12 month revenue growth is 5%
Next's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $41K for the same period.
Next's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Next's rule of X is 36% (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 Next and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | 28% | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $41K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 14% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 25% | 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 |
Valuation data powered by FactSet, Inc.
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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Start Free Trial| 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 50.7K+ 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 $20.1B |
| What is the current revenue of Next? | Next's last 12 months revenue is $8.4B. |
| What is the current revenue growth of Next? | Next revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Next? | Current revenue multiple of Next is 2.7x. |
| Is Next profitable? | Yes, Next is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Next? | Next's last 12 months EBITDA is $1.8B. |
| What is Next's EBITDA margin? | Next's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Next? | Current EBITDA multiple of Next is 12.1x. |
| What is the current FCF of Next? | Next's last 12 months FCF is $982M. |
| What is Next's FCF margin? | Next's last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of Next? | Current FCF multiple of Next is 22.7x. |
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