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- QleanAir
QleanAir Valuation Multiples
Discover revenue and EBITDA valuation multiples for QleanAir and similar public comparables like Fuel Tech, Capsol Technologies, Bosques Amazonicos, ClearSign and more.
QleanAir Overview
About QleanAir
QleanAir AB is a provider of clean indoor environment solutions. The company’s business model is based on rental contracts for modular solutions with a full-service offer. Its solutions are developed using filter technology that traps, filters and recycles indoor air. The product portfolio consists of stand-alone air cleaners (Air Cleaners), solutions for protection against passive smoking (Cabin Solutions) and flexible, modular cleanrooms (Cleanrooms). The company’s main markets are EMEA, APAC and the Americas.
Founded
2011
HQ

Employees
118
Website
Financials (LTM)
EV
$56M
QleanAir Financials
QleanAir reported last 12-month revenue of $51M and EBITDA of $8M.
In the same LTM period, QleanAir generated $35M in gross profit, $8M in EBITDA, and $3M in net income.
Revenue (LTM)
QleanAir P&L
In the most recent fiscal year, QleanAir reported revenue of $50M and EBITDA of $8M.
QleanAir expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $51M | XXX | $50M | XXX | XXX | XXX |
| Gross Profit | $35M | XXX | $34M | XXX | XXX | XXX |
| Gross Margin | 69% | XXX | 67% | XXX | XXX | XXX |
| EBITDA | $8M | XXX | $8M | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $3M | XXX | $3M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 6% | XXX | XXX | XXX |
| Net Debt | — | — | $13M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
QleanAir Stock Performance
QleanAir has current market cap of $43M, and enterprise value of $56M.
Market Cap Evolution
QleanAir's stock price is $2.89.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $56M | $43M | -0.2% | XXX | XXX | XXX | $0.20 |
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Start Free TrialQleanAir Valuation Multiples
QleanAir trades at 1.1x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
QleanAir Financial Valuation Multiples
As of April 11, 2026, QleanAir has market cap of $43M and EV of $56M.
Equity research analysts estimate QleanAir's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
QleanAir has a P/E ratio of 13.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $43M | XXX | $43M | XXX | XXX | XXX |
| EV (current) | $56M | XXX | $56M | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 12.2x | XXX | XXX | XXX |
| EV/Gross Profit | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| P/E | 13.0x | XXX | 14.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 8.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified QleanAir 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.


QleanAir Margins & Growth Rates
QleanAir's revenue in the last 12 month grew by 6%.
QleanAir's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
QleanAir's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
QleanAir's rule of X is 35% (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).
QleanAir Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| EBITDA Growth | 23% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 58% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
QleanAir Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fuel Tech | XXX | XXX | XXX | XXX | XXX | XXX |
| Capsol Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Bosques Amazonicos | XXX | XXX | XXX | XXX | XXX | XXX |
| ClearSign | XXX | XXX | XXX | XXX | XXX | XXX |
| Grino Ecologic | 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.
QleanAir M&A Activity
QleanAir acquired XXX companies to date.
Last acquisition by QleanAir was on XXXXXXXX, XXXXX. QleanAir acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by QleanAir
| 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 TrialQleanAir Investment Activity
QleanAir invested in XXX companies to date.
QleanAir made its latest investment on XXXXXXXX, XXXXX. QleanAir invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by QleanAir
| 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 QleanAir
| When was QleanAir founded? | QleanAir was founded in 2011. |
| Where is QleanAir headquartered? | QleanAir is headquartered in Sweden. |
| How many employees does QleanAir have? | As of today, QleanAir has over 118 employees. |
| Is QleanAir publicly listed? | Yes, QleanAir is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of QleanAir? | QleanAir trades under QAIR ticker. |
| When did QleanAir go public? | QleanAir went public in 2019. |
| Who are competitors of QleanAir? | QleanAir main competitors are Fuel Tech, Capsol Technologies, Bosques Amazonicos, ClearSign. |
| What is the current market cap of QleanAir? | QleanAir's current market cap is $43M. |
| What is the current revenue of QleanAir? | QleanAir's last 12 months revenue is $51M. |
| What is the current revenue growth of QleanAir? | QleanAir revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of QleanAir? | Current revenue multiple of QleanAir is 1.1x. |
| Is QleanAir profitable? | Yes, QleanAir is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of QleanAir? | QleanAir's last 12 months EBITDA is $8M. |
| What is QleanAir's EBITDA margin? | QleanAir's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of QleanAir? | Current EBITDA multiple of QleanAir is 6.8x. |
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