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Ricardo PLC is a provider of business solutions in the United Kingdom. The company's operating segments include Energy & Environment, Rail, Automotive and Industrial, Defense, and Performance Products. Its Automotive and Industrial segment generates majority of the revenue for the company. The company operates in the UK, Mainland Europe, North America, China, Australia, the Rest of Asia, and the Rest of the World.
1927
2.9K+
LTM Revenue $507M
LTM EBITDA $49.2M
$231M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Ricardo has a last 12-month revenue of $507M and a last 12-month EBITDA of $49.2M.
In the most recent fiscal year, Ricardo achieved revenue of $611M and an EBITDA of $42.8M.
Ricardo expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ricardo valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $573M | $611M | XXX | XXX | XXX |
| Gross Profit | $167M | $163M | XXX | XXX | XXX |
| Gross Margin | 29% | 27% | XXX | XXX | XXX |
| EBITDA | $47.0M | $42.8M | XXX | XXX | XXX |
| EBITDA Margin | 8% | 7% | XXX | XXX | XXX |
| Net Profit | $11.1M | -$6.7M | XXX | XXX | XXX |
| Net Margin | 2% | -1% | XXX | XXX | XXX |
| Net Debt | $46.6M | $79.8M | XXX | XXX | XXX |
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As of April 15, 2025, Ricardo's stock price is GBP 2 (or $3).
Ricardo has current market cap of GBP 141M (or $181M), and EV of GBP 179M (or $231M).
See Ricardo trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $231M | $181M | XXX | XXX | XXX | XXX | $0.25 |
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Sign UpAs of April 15, 2025, Ricardo has market cap of $181M and EV of $231M.
Ricardo's trades at 0.5x LTM EV/Revenue multiple, and 4.7x LTM EBITDA.
Analysts estimate Ricardo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Ricardo and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $231M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 5.3x | XXX | XXX | XXX |
| P/E | 73.7x | XXX | XXX | XXX |
| P/E/Growth | 0.6x | XXX | XXX | XXX |
| EV/FCF | 63.6x | XXX | XXX | XXX |
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Sign UpRicardo's NTM/LTM revenue growth is 4%
Ricardo's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $44K for the same period.
Over next 12 months, Ricardo's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Ricardo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Ricardo and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -9% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 12% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $44K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 21% | XXX | 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 | |
| Almunda Professionals | XXX | XXX | XXX | XXX | XXX | XXX |
| Appen | XXX | XXX | XXX | XXX | XXX | XXX |
| RPMGlobal | XXX | XXX | XXX | XXX | XXX | XXX |
| Bluebik Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Ricardo acquired XXX companies to date.
Last acquisition by Ricardo was XXXXXXXX, XXXXX XXXXX XXXXXX . Ricardo 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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Sign Up| When was Ricardo founded? | Ricardo was founded in 1927. |
| Where is Ricardo headquartered? | Ricardo is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does Ricardo have? | As of today, Ricardo has 2.9K+ employees. |
| Who is the CEO of Ricardo? | Ricardo's CEO is Mr. Graham Ritchie. |
| Is Ricardo publicy listed? | Yes, Ricardo is a public company listed on LON. |
| What is the stock symbol of Ricardo? | Ricardo trades under RCDO ticker. |
| When did Ricardo go public? | Ricardo went public in 1962. |
| Who are competitors of Ricardo? | Similar companies to Ricardo include e.g. Almunda Professionals, Appen, RPMGlobal, Bluebik Group. |
| What is the current market cap of Ricardo? | Ricardo's current market cap is $181M |
| What is the current revenue of Ricardo? | Ricardo's last 12-month revenue is $507M. |
| What is the current EBITDA of Ricardo? | Ricardo's last 12-month EBITDA is $49.2M. |
| What is the current EV/Revenue multiple of Ricardo? | Current revenue multiple of Ricardo is 0.5x. |
| What is the current EV/EBITDA multiple of Ricardo? | Current EBITDA multiple of Ricardo is 4.7x. |
| What is the current revenue growth of Ricardo? | Ricardo revenue growth between 2023 and 2024 was 7%. |
| Is Ricardo profitable? | Yes, Ricardo is EBITDA-positive (as of the last 12 months). |
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