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Oatly Valuation Multiples
Discover revenue and EBITDA valuation multiples for Oatly and similar public comparables like MGP Ingredients, Fonterra Shareholders' Fund, B&G Foods, Daikokutenbussan and more.
Oatly Overview
About Oatly
Oatly Group AB is engaged in the food and drinks industry. Some of its products include Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, and Icecreams, among others. It caters to Sweden, Germany, the United Kingdom, Netherlands, North America, Finland, and Other markets. The company generates revenue from the EMEA, Americas, and Asia regions, with the majority of revenue generated from the EMEA region.
Founded
2016
HQ
Employees
1.5K
Website
Financials (LTM)
EV
$918M
Oatly Financials
Oatly reported last 12-month revenue of $878M and EBITDA of $12M.
In the same LTM period, Oatly generated $289M in gross profit, $12M in EBITDA, and had net loss of ($135M).
Revenue (LTM)
Oatly P&L
In the most recent fiscal year, Oatly reported revenue of $862M and EBITDA of $7M.
Oatly expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $878M | XXX | $862M | XXX | XXX | XXX |
| Gross Profit | $289M | XXX | $277M | XXX | XXX | XXX |
| Gross Margin | 33% | XXX | 32% | XXX | XXX | XXX |
| EBITDA | $12M | XXX | $7M | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | (6%) | XXX | (7%) | XXX | XXX | XXX |
| Net Profit | ($135M) | XXX | ($153M) | XXX | XXX | XXX |
| Net Margin | (15%) | XXX | (18%) | XXX | XXX | XXX |
| Net Debt | — | — | $459M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Oatly Stock Performance
Oatly has current market cap of $422M, and enterprise value of $918M.
Market Cap Evolution
Oatly's stock price is $13.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $918M | $422M | 0.0% | XXX | XXX | XXX | $-4.89 |
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Start Free TrialOatly Valuation Multiples
Oatly trades at 1.0x EV/Revenue multiple, and 74.2x EV/EBITDA.
EV / Revenue (LTM)
Oatly Financial Valuation Multiples
As of April 20, 2026, Oatly has market cap of $422M and EV of $918M.
Equity research analysts estimate Oatly's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Oatly has a P/E ratio of (3.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $422M | XXX | $422M | XXX | XXX | XXX |
| EV (current) | $918M | XXX | $918M | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 74.2x | XXX | 134.6x | XXX | XXX | XXX |
| EV/EBIT | (18.1x) | XXX | (15.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.2x | XXX | 3.3x | XXX | XXX | XXX |
| P/E | (3.1x) | XXX | (2.8x) | XXX | XXX | XXX |
| EV/FCF | (316.2x) | XXX | (891.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Oatly 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.
Oatly Margins & Growth Rates
Oatly's revenue in the last 12 month grew by 6%.
Oatly's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Oatly's rule of 40 is 9% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Oatly's rule of X is 18% (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).
Oatly Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 161% | XXX | 272% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 9% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Oatly Public Comps
See public comps and valuation multiples for other Food & Beverages and Plant-Based Food comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Oatly | XXX | XXX | XXX | XXX | XXX | XXX |
| MGP Ingredients | XXX | XXX | XXX | XXX | XXX | XXX |
| Fonterra Shareholders' Fund | XXX | XXX | XXX | XXX | XXX | XXX |
| B&G Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Daikokutenbussan | XXX | XXX | XXX | XXX | XXX | XXX |
| Sanford | 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.
Oatly M&A Activity
Oatly acquired XXX companies to date.
Last acquisition by Oatly was on XXXXXXXX, XXXXX. Oatly acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Oatly
| 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 TrialOatly Investment Activity
Oatly invested in XXX companies to date.
Oatly made its latest investment on XXXXXXXX, XXXXX. Oatly invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Oatly
| 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 Oatly
| When was Oatly founded? | Oatly was founded in 2016. |
| Where is Oatly headquartered? | Oatly is headquartered in United States. |
| How many employees does Oatly have? | As of today, Oatly has over 1K employees. |
| Who is the CEO of Oatly? | Oatly's CEO is Jean-Christophe Flatin. |
| Is Oatly publicly listed? | Yes, Oatly is a public company listed on Nasdaq. |
| What is the stock symbol of Oatly? | Oatly trades under OTLY ticker. |
| When did Oatly go public? | Oatly went public in 2021. |
| Who are competitors of Oatly? | Oatly main competitors are MGP Ingredients, Fonterra Shareholders' Fund, B&G Foods, Daikokutenbussan. |
| What is the current market cap of Oatly? | Oatly's current market cap is $422M. |
| What is the current revenue of Oatly? | Oatly's last 12 months revenue is $878M. |
| What is the current revenue growth of Oatly? | Oatly revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Oatly? | Current revenue multiple of Oatly is 1.0x. |
| Is Oatly profitable? | Yes, Oatly is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Oatly? | Oatly's last 12 months EBITDA is $12M. |
| What is Oatly's EBITDA margin? | Oatly's last 12 months EBITDA margin is 1%. |
| What is the current EV/EBITDA multiple of Oatly? | Current EBITDA multiple of Oatly is 74.2x. |
| What is the current FCF of Oatly? | Oatly's last 12 months FCF is ($3M). |
| What is Oatly's FCF margin? | Oatly's last 12 months FCF margin is (0%). |
| What is the current EV/FCF multiple of Oatly? | Current FCF multiple of Oatly is (316.2x). |
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