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Orion Valuation Multiples

Discover revenue and EBITDA valuation multiples for Orion and similar public comparables like Ionis Pharmaceuticals, Jazz Pharmaceuticals, Madrigal Pharmaceuticals, Recordati and more.

Orion Overview

About Orion

Orion Oyj is a globally operating Finnish pharmaceutical company that develops, manufactures, and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients. The company predominantly focuses on treatments for central nervous system disorders, oncology, and respiratory diseases. Orion's customers include specialists and general practitioners, veterinarians, pharmacies, hospitals, and laboratories. Orion mainly serves Finland but also has a presence in other European countries, North America and other countries.


Founded

2006

HQ

Finland

Employees

3.7K

Website

orion.fi

Financials (LTM)

Revenue: $2B
EBITDA: $835M

EV

$13B

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Orion Financials

Orion reported last 12-month revenue of $2B and EBITDA of $835M.

In the same LTM period, Orion generated $1B in gross profit, $835M in EBITDA, and $608M in net income.

Revenue (LTM)


Orion P&L

In the most recent fiscal year, Orion reported revenue of $2B and EBITDA of $819M.

Orion expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Orion forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$2BXXX$2BXXXXXXXXX
Gross Profit$1BXXX$1BXXXXXXXXX
Gross Margin55%XXX64%XXXXXXXXX
EBITDA$835MXXX$819MXXXXXXXXX
EBITDA Margin36%XXX36%XXXXXXXXX
EBIT Margin33%XXX33%XXXXXXXXX
Net Profit$608MXXX$595MXXXXXXXXX
Net Margin26%XXX26%XXXXXXXXX
Net Debt——$153MXXXXXXXXX

Financial data powered by Morningstar, Inc.

Orion Stock Performance

Orion has current market cap of $12B, and enterprise value of $13B.

Market Cap Evolution


Orion's stock price is $88.36.

See Orion trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$13B$12B1.6%XXXXXXXXX$4.22

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Orion Valuation Multiples

Orion trades at 5.5x EV/Revenue multiple, and 15.1x EV/EBITDA.

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EV / Revenue (LTM)


Orion Financial Valuation Multiples

As of April 18, 2026, Orion has market cap of $12B and EV of $13B.

Equity research analysts estimate Orion's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Orion has a P/E ratio of 20.5x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$12BXXX$12BXXXXXXXXX
EV (current)$13BXXX$13BXXXXXXXXX
EV/Revenue5.5xXXX5.6xXXXXXXXXX
EV/EBITDA15.1xXXX15.4xXXXXXXXXX
EV/EBIT16.5xXXX16.8xXXXXXXXXX
EV/Gross Profit10.0xXXX8.8xXXXXXXXXX
P/E20.5xXXX20.9xXXXXXXXXX
EV/FCF32.6xXXX39.3xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Orion Valuation Multiples

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Orion Margins & Growth Rates

Orion's revenue in the last 12 month grew by 10%.

Orion's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.

Orion's rule of 40 is 46% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Orion's rule of X is 61% (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).

See operational valuation multiples for Orion and other 15K+ public comps

Orion Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth10%XXX9%XXXXXXXXX
EBITDA Margin36%XXX36%XXXXXXXXX
EBITDA Growth9%XXX7%XXXXXXXXX
Rule of 40—XXX46%XXXXXXXXX
Bessemer Rule of X—XXX61%XXXXXXXXX
Revenue per Employee—XXX$0.6MXXXXXXXXX
Opex per Employee—XXX$0.2MXXXXXXXXX
S&M Expenses to Revenue15%XXX15%XXXXXXXXX
G&A Expenses to Revenue5%XXX5%XXXXXXXXX
R&D Expenses to Revenue11%XXX11%XXXXXXXXX
Opex to Revenue—XXX31%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Orion Public Comps

See public comps and valuation multiples for other Biopharmaceuticals comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
OrionXXXXXXXXXXXXXXXXXX
Ionis PharmaceuticalsXXXXXXXXXXXXXXXXXX
Jazz PharmaceuticalsXXXXXXXXXXXXXXXXXX
Madrigal PharmaceuticalsXXXXXXXXXXXXXXXXXX
RecordatiXXXXXXXXXXXXXXXXXX
Financiere de TubizeXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Orion M&A Activity

Orion acquired XXX companies to date.

Last acquisition by Orion was on XXXXXXXX, XXXXX. Orion acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Orion

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Orion Investment Activity

Orion invested in XXX companies to date.

Orion made its latest investment on XXXXXXXX, XXXXX. Orion invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Orion

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Orion

When was Orion founded?Orion was founded in 2006.
Where is Orion headquartered?Orion is headquartered in Finland.
How many employees does Orion have?As of today, Orion has over 3K employees.
Who is the CEO of Orion?Orion's CEO is Liisa Hurme.
Is Orion publicly listed?Yes, Orion is a public company listed on Nasdaq Helsinki.
What is the stock symbol of Orion?Orion trades under ORNBV ticker.
When did Orion go public?Orion went public in 2006.
Who are competitors of Orion?Orion main competitors are Ionis Pharmaceuticals, Jazz Pharmaceuticals, Madrigal Pharmaceuticals, Recordati.
What is the current market cap of Orion?Orion's current market cap is $12B.
What is the current revenue of Orion?Orion's last 12 months revenue is $2B.
What is the current revenue growth of Orion?Orion revenue growth (NTM/LTM) is 10%.
What is the current EV/Revenue multiple of Orion?Current revenue multiple of Orion is 5.5x.
Is Orion profitable?Yes, Orion is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Orion?Orion's last 12 months EBITDA is $835M.
What is Orion's EBITDA margin?Orion's last 12 months EBITDA margin is 36%.
What is the current EV/EBITDA multiple of Orion?Current EBITDA multiple of Orion is 15.1x.
What is the current FCF of Orion?Orion's last 12 months FCF is $387M.
What is Orion's FCF margin?Orion's last 12 months FCF margin is 17%.
What is the current EV/FCF multiple of Orion?Current FCF multiple of Orion is 32.6x.

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