🚀 VC round data is live in beta, check it out!
- Public Comps
- Royalty Pharma
Royalty Pharma Valuation Multiples
Discover revenue and EBITDA valuation multiples for Royalty Pharma and similar public comparables like Roivant Sciences, Moderna, Incyte, Innovent Biologics and more.
Royalty Pharma Overview
About Royalty Pharma
Royalty Pharma PLC is the largest buyer of biopharmaceutical royalties. The firm has a portfolio of royalties that entitles it to payments based on the sales of biopharma products. Royalty Pharma receives royalties on more than 35 commercial products, including AbbVie and Johnson & Johnson's Imbruvica (for chronic lymphocytic leukemia and other blood cancers), Biogen's Tysabri (for relapsing forms of multiple sclerosis), Vertex's cystic fibrosis franchise, and 10 development-stage product candidates.
Founded
1996
HQ

Employees
100
Website
Sectors
Financials (LTM)
EV
$28B
Royalty Pharma Financials
Royalty Pharma reported last 12-month revenue of $3B and EBITDA of $3B.
In the same LTM period, Royalty Pharma generated $3B in EBITDA and $3B in net income.
Revenue (LTM)
Royalty Pharma P&L
In the most recent fiscal year, Royalty Pharma reported revenue of $3B and EBITDA of $3B.
Royalty Pharma expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 93% | XXX | 91% | XXX | XXX | XXX |
| EBIT Margin | 93% | XXX | 91% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 85% | XXX | 84% | XXX | XXX | XXX |
| Net Debt | — | — | $8B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Royalty Pharma Stock Performance
Royalty Pharma has current market cap of $21B, and enterprise value of $28B.
Market Cap Evolution
Royalty Pharma's stock price is $48.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $28B | $21B | 0.9% | XXX | XXX | XXX | $6.36 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialRoyalty Pharma Valuation Multiples
Royalty Pharma trades at 8.7x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
Royalty Pharma Financial Valuation Multiples
As of April 10, 2026, Royalty Pharma has market cap of $21B and EV of $28B.
Equity research analysts estimate Royalty Pharma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Royalty Pharma has a P/E ratio of 7.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV (current) | $28B | XXX | $28B | XXX | XXX | XXX |
| EV/Revenue | 8.7x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 9.5x | XXX | XXX | XXX |
| EV/EBIT | 9.3x | XXX | 9.5x | XXX | XXX | XXX |
| P/E | 7.5x | XXX | 7.6x | XXX | XXX | XXX |
| EV/FCF | 9.4x | XXX | 9.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Royalty Pharma 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.


Royalty Pharma Margins & Growth Rates
Royalty Pharma's revenue in the last 12 month grew by 2%.
Royalty Pharma's revenue per employee in the last FY averaged $32.5M, while opex per employee averaged $8.2M for the same period.
Royalty Pharma's rule of 40 is 133% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Royalty Pharma's rule of X is 188% (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).
Royalty Pharma Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 93% | XXX | 91% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 133% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 188% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $32.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $8.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 18% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 14% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Royalty Pharma Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Roivant Sciences | XXX | XXX | XXX | XXX | XXX | XXX |
| Moderna | XXX | XXX | XXX | XXX | XXX | XXX |
| Incyte | XXX | XXX | XXX | XXX | XXX | XXX |
| Innovent Biologics | XXX | XXX | XXX | XXX | XXX | XXX |
| Revolution Medicines | 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.
Royalty Pharma M&A Activity
Royalty Pharma acquired XXX companies to date.
Last acquisition by Royalty Pharma was on XXXXXXXX, XXXXX. Royalty Pharma acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Royalty Pharma
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialRoyalty Pharma Investment Activity
Royalty Pharma invested in XXX companies to date.
Royalty Pharma made its latest investment on XXXXXXXX, XXXXX. Royalty Pharma invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Royalty Pharma
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Royalty Pharma
| When was Royalty Pharma founded? | Royalty Pharma was founded in 1996. |
| Where is Royalty Pharma headquartered? | Royalty Pharma is headquartered in United States. |
| How many employees does Royalty Pharma have? | As of today, Royalty Pharma has over 100 employees. |
| Who is the CEO of Royalty Pharma? | Royalty Pharma's CEO is Pablo Legorreta. |
| Is Royalty Pharma publicly listed? | Yes, Royalty Pharma is a public company listed on Nasdaq. |
| What is the stock symbol of Royalty Pharma? | Royalty Pharma trades under RPRX ticker. |
| When did Royalty Pharma go public? | Royalty Pharma went public in 2020. |
| Who are competitors of Royalty Pharma? | Royalty Pharma main competitors are Roivant Sciences, Moderna, Incyte, Innovent Biologics. |
| What is the current market cap of Royalty Pharma? | Royalty Pharma's current market cap is $21B. |
| What is the current revenue of Royalty Pharma? | Royalty Pharma's last 12 months revenue is $3B. |
| What is the current revenue growth of Royalty Pharma? | Royalty Pharma revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Royalty Pharma? | Current revenue multiple of Royalty Pharma is 8.7x. |
| Is Royalty Pharma profitable? | Yes, Royalty Pharma is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Royalty Pharma? | Royalty Pharma's last 12 months EBITDA is $3B. |
| What is Royalty Pharma's EBITDA margin? | Royalty Pharma's last 12 months EBITDA margin is 93%. |
| What is the current EV/EBITDA multiple of Royalty Pharma? | Current EBITDA multiple of Royalty Pharma is 9.3x. |
| What is the current FCF of Royalty Pharma? | Royalty Pharma's last 12 months FCF is $3B. |
| What is Royalty Pharma's FCF margin? | Royalty Pharma's last 12 months FCF margin is 92%. |
| What is the current EV/FCF multiple of Royalty Pharma? | Current FCF multiple of Royalty Pharma is 9.4x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.