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Northland Power Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northland Power and similar public comparables like Tidewater, Cosan, Antarchile, Liberty Energy and more.
Northland Power Overview
About Northland Power
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northlandβs growth opportunities are global and span North America, Europe, Latin America, and Asia.
Founded
2011
HQ

Employees
1.2K
Website
Financials (LTM)
EV
$9B
Northland Power Financials
Northland Power reported last 12-month revenue of $2B and EBITDA of $974M.
In the same LTM period, Northland Power generated $2B in gross profit, $974M in EBITDA, and had net loss of ($7M).
Revenue (LTM)
Northland Power P&L
In the most recent fiscal year, Northland Power reported revenue of $2B and EBITDA of $916M.
Northland Power 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 | $2B | XXX | β | XXX | XXX | XXX |
| Gross Margin | 91% | XXX | β | XXX | XXX | XXX |
| EBITDA | $974M | XXX | $916M | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 51% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 32% | XXX | XXX | XXX |
| Net Profit | ($7M) | XXX | ($119M) | XXX | XXX | XXX |
| Net Margin | (0%) | XXX | (7%) | XXX | XXX | XXX |
| Net Debt | β | β | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northland Power Stock Performance
Northland Power has current market cap of $4B, and enterprise value of $9B.
Market Cap Evolution
Northland Power's stock price is $16.12.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $4B | -0.5% | XXX | XXX | XXX | $-0.45 |
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Start Free TrialNorthland Power Valuation Multiples
Northland Power trades at 4.9x EV/Revenue multiple, and 9.1x EV/EBITDA.
EV / Revenue (LTM)
Northland Power Financial Valuation Multiples
As of April 19, 2026, Northland Power has market cap of $4B and EV of $9B.
Equity research analysts estimate Northland Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northland Power has a P/E ratio of (574.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 4.9x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 9.1x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 16.1x | XXX | 15.5x | XXX | XXX | XXX |
| EV/Gross Profit | 5.4x | XXX | β | XXX | XXX | XXX |
| P/E | (574.6x) | XXX | (35.6x) | XXX | XXX | XXX |
| EV/FCF | 33.9x | XXX | 9.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northland Power 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.


Northland Power Margins & Growth Rates
Northland Power's revenue in the last 12 month grew by 4%.
Northland Power's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $1.0M for the same period.
Northland Power's rule of 40 is 65% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Northland Power's rule of X is 72% (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).
Northland Power Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 51% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 21% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 65% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $1.5M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $1.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | β | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northland Power Public Comps
See public comps and valuation multiples for other Energy Production and Energy Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Northland Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Tidewater | XXX | XXX | XXX | XXX | XXX | XXX |
| Cosan | XXX | XXX | XXX | XXX | XXX | XXX |
| Antarchile | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Funeng | 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.
Northland Power M&A Activity
Northland Power acquired XXX companies to date.
Last acquisition by Northland Power was on XXXXXXXX, XXXXX. Northland Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northland Power
| 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 TrialNorthland Power Investment Activity
Northland Power invested in XXX companies to date.
Northland Power made its latest investment on XXXXXXXX, XXXXX. Northland Power invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northland Power
| 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 Northland Power
| When was Northland Power founded? | Northland Power was founded in 2011. |
| Where is Northland Power headquartered? | Northland Power is headquartered in Canada. |
| How many employees does Northland Power have? | As of today, Northland Power has over 1K employees. |
| Who is the CEO of Northland Power? | Northland Power's CEO is Christine M. Healy. |
| Is Northland Power publicly listed? | Yes, Northland Power is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Northland Power? | Northland Power trades under NPI ticker. |
| When did Northland Power go public? | Northland Power went public in 1997. |
| Who are competitors of Northland Power? | Northland Power main competitors are Tidewater, Cosan, Antarchile, Liberty Energy. |
| What is the current market cap of Northland Power? | Northland Power's current market cap is $4B. |
| What is the current revenue of Northland Power? | Northland Power's last 12 months revenue is $2B. |
| What is the current revenue growth of Northland Power? | Northland Power revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Northland Power? | Current revenue multiple of Northland Power is 4.9x. |
| Is Northland Power profitable? | Yes, Northland Power is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Northland Power? | Northland Power's last 12 months EBITDA is $974M. |
| What is Northland Power's EBITDA margin? | Northland Power's last 12 months EBITDA margin is 54%. |
| What is the current EV/EBITDA multiple of Northland Power? | Current EBITDA multiple of Northland Power is 9.1x. |
| What is the current FCF of Northland Power? | Northland Power's last 12 months FCF is $260M. |
| What is Northland Power's FCF margin? | Northland Power's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Northland Power? | Current FCF multiple of Northland Power is 33.9x. |
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