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Rockwool Valuation Multiples

Discover Rockwool's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Eagle Materials, TCC Group Holdings, Sanwa Holdings, China National Building Material and more.

Rockwool Overview

About Rockwool

Rockwool AS manufactures and sells building materials, including insulation and roofing systems. The company organizes itself into two segments based on the product: Insulation and Systems. The Insulation segment, sells building, industrial, and technical insulation and external thermal insulation wall systems to the construction industry. The Systems business sells acoustic ceilings and wall systems, external cladding systems, horticultural substrate solutions, engineered fiber solutions, and noise and vibration control to the construction and automotive industries. The majority of revenue is from the Insulation Segment. The majority of sales come from Europe.


Founded

1937

HQ

Denmark

Employees

12.9K

Financials (LTM)

Revenue: $4B
EBITDA: $978M

EV

$7B

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Rockwool Financials

Rockwool reported last 12-month revenue of $4B and EBITDA of $978M.

In the same LTM period, Rockwool generated $3B in gross profit, $978M in EBITDA, and $215M in net income.

Revenue (LTM)


Rockwool P&L

In the most recent fiscal year, Rockwool reported revenue of $5B and EBITDA of $1B.

Rockwool is profitable as of last fiscal year, with gross margin of 66%, EBITDA margin of 22%, and net margin of 1%.

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LTMLast FY202320242025202620272028
Revenue$4B$5B$4B$4B$4B
Gross Profit$3B$3B$3B$3B$3B
Gross Margin58%66%64%67%67%
EBITDA$978M$1B$932M$1B$585M
EBITDA Margin22%22%22%25%13%
EBIT Margin9%15%14%18%15%
Net Profit$215M$33M$450M$637M$32M
Net Margin5%1%11%14%1%
Net Debt-$100M---

Financial data powered by Morningstar, Inc.

Rockwool Stock Performance

Rockwool has current market cap of $7B, and enterprise value of $7B.

Market Cap Evolution


Rockwool's stock price is $33.41.

Rockwool share price increased by 2.3% in the last 30 days, and decreased by 26.9% in the last year.

Rockwool has an EPS (earnings per share) of $0.16.

See more trading valuation data for Rockwool
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$7B$7B-0.1%2.3%16.3%-26.9%$0.16

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Rockwool Valuation Multiples

Rockwool trades at 1.6x EV/Revenue multiple, and 7.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Rockwool

EV / Revenue (LTM)


Rockwool Financial Valuation Multiples

As of June 14, 2026, Rockwool has market cap of $7B and EV of $7B.

Rockwool has a P/E ratio of 32.1x.

LTMLast FY202320242025202620272028
EV/Revenue1.6x1.6x1.7x1.6x1.6x
EV/EBITDA7.3x6.9x7.6x6.3x12.1x
EV/EBIT18.5x10.3x11.8x9.0x10.3x
EV/Gross Profit2.8x2.3x2.6x2.4x2.3x
P/E32.1x209.1x15.3x10.8x213.1x
EV/FCF87.5x44.1x16.1x14.3x44.8x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Rockwool Valuation Multiples

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Rockwool Margins & Growth Rates

Rockwool decreased revenue by 4% and EBITDA by 10% in the last fiscal year.

In the most recent fiscal year, Rockwool reported gross margin of 66%, EBITDA margin of 22%, and net margin of 1%.

See estimated margins and future growth rates for Rockwool

Rockwool Margins

Last FY202420252026202720282029
Gross Margin66%67%67%57%
EBITDA Margin22%25%13%21%
EBIT Margin15%18%15%14%
Net Margin1%14%1%10%
FCF Margin4%11%4%(0%)

Rockwool Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(4%)6%1%(3%)
Gross Profit Growth(17%)11%2%(17%)
EBITDA Growth(10%)21%(48%)58%
EBIT Growth(14%)32%(13%)(14%)
Net Profit Growth1221%41%(95%)1246%
FCF Growth(110%)13%(68%)(110%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Rockwool Operational KPIs

Rockwool's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Rockwool's Rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Rockwool's Rule of X is 15% (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).

Access forward-looking KPIs for Rockwool
LTMLast FY202320242025202620272028
Rule of 4022%19%---
Bessemer Rule of X22%15%---
Revenue per Employee-$0.4M---
Opex per Employee-$0.2M---
S&M Expenses to Revenue-13%12%12%13%
Opex to Revenue-51%50%49%52%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Rockwool Competitors

Rockwool competitors include Eagle Materials, TCC Group Holdings, Sanwa Holdings, China National Building Material, Mitsui Chemicals, Shree Cement, SKC, Titan Cement, Lafargue Africa and BUA Cement.

Most Rockwool public comparables operate across Building Materials.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Eagle Materials3.5x3.5x10.5x10.6x
TCC Group Holdings1.9x1.9x19.5x11.9x
Sanwa Holdings1.0x1.0x7.0x7.2x
China National Building Material1.1x1.1x8.8x7.7x
Mitsui Chemicals0.7x0.7x6.8x6.8x
Shree Cement3.8x4.0x15.1x17.9x
SKC5.3x4.8x(84.1x)25310.7x
Titan Cement1.7x1.7x7.5x7.2x

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Acquisitions by Rockwool

Rockwool has acquired 1 company to date.

Last acquisition by Rockwool was on October 25th 2024. Rockwool acquired Wetherby Building Systems for undisclosed valuation.

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Latest Acquisitions by Rockwool

Wetherby Building Systems
Description
Wetherby Building Systems is a Leeds-headquartered manufacturer and distributor of external wall insulation systems and render products for the UK construction sector. The company offers BBA-approved solutions including acrylic renders, silicone renders, mineral renders, and mesh-cloth membranes paired with EPS insulation boards. Wetherby supplies complete through-colored render kits compliant with NHBC standards, serving social housing projects, new builds, and renovations nationwide through a network of merchant partners.
HQ CountryUnited Kingdom
HQ City
Warrington
Deal Date25 Oct 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About Rockwool

When was Rockwool founded?Rockwool was founded in 1937.
Where is Rockwool headquartered?Rockwool is headquartered in Denmark.
How many employees does Rockwool have?As of today, Rockwool has over 12K employees.
Who is the CEO of Rockwool?Rockwool's CEO is Jes Munk Hansen.
Is Rockwool publicly listed?Yes, Rockwool is a public company listed on Nasdaq Copenhagen.
What is the stock symbol of Rockwool?Rockwool trades under ROCK B ticker.
When did Rockwool go public?Rockwool went public in 1996.
Who are competitors of Rockwool?Rockwool main competitors include Eagle Materials, TCC Group Holdings, Sanwa Holdings, China National Building Material, Mitsui Chemicals, Shree Cement, SKC, Titan Cement, Lafargue Africa, BUA Cement.
What is the current market cap of Rockwool?Rockwool's current market cap is $7B.
What is the current revenue of Rockwool?Rockwool's last 12 months revenue is $4B.
What is the current revenue growth of Rockwool?Rockwool revenue growth (NTM/LTM) is 0%.
What is the current EV/Revenue multiple of Rockwool?Current revenue multiple of Rockwool is 1.6x.
What is the current EBITDA of Rockwool?Rockwool's last 12 months EBITDA is $978M.
What is Rockwool's EBITDA margin?Rockwool's last 12 months EBITDA margin is 22%.
What is the current EV/EBITDA multiple of Rockwool?Current EBITDA multiple of Rockwool is 7.3x.
What is the current FCF of Rockwool?Rockwool's last 12 months FCF is $81M.
What is Rockwool's FCF margin?Rockwool's last 12 months FCF margin is 2%.
What is the current EV/FCF multiple of Rockwool?Current FCF multiple of Rockwool is 87.5x.
How many companies Rockwool has acquired to date?As of June 2026, Rockwool has acquired 1 company.
What was the largest acquisition by Rockwool?None of the M&A deals Rockwool has completed have disclosed valuations.
What companies Rockwool acquired?Rockwool acquired Wetherby Building Systems.
In how many companies Rockwool has invested to date?Rockwool hasn't invested in any companies yet (or none have been disclosed publicly).

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