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Sleep Number Valuation Multiples

Discover revenue and EBITDA valuation multiples for Sleep Number and similar public comparables like Companias CIC, Purple Innovation, Headlam Group, Vilniaus Baldai and more.

Sleep Number Overview

About Sleep Number

Sleep Number Corp. is a wellness technology company engaged in the design, manufacturing, marketing and distribution of sleep solutions. The Company generates revenue by marketing and selling its smart beds directly to new and existing customers through its vertically integrated, exclusive, direct-to-consumer retail touch points including Stores, Online, Phone, and Chat (Total Retail). The products offered by the company are Mattresses, Bedding, Pillows and Furniture.


Founded

1987

HQ

United States

Employees

3.7K

Financials (LTM)

Revenue: $1B
EBITDA: $80M

EV

$992M

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Sleep Number Financials

Sleep Number reported last 12-month revenue of $1B and EBITDA of $80M.

In the same LTM period, Sleep Number generated $829M in gross profit, $80M in EBITDA, and had net loss of ($97M).

Revenue (LTM)


Sleep Number P&L

In the most recent fiscal year, Sleep Number reported revenue of $1B and EBITDA of $84M.

Sleep Number is unprofitable as of last fiscal year, with gross margin of 59%, EBITDA margin of 6%, and net margin of (3%).

See analyst estimates for Sleep Number
LTMLast FY202320242025202620272028
Revenue$1B$1B$2B$2B$1B
Gross Profit$829M$833M$1B$1B$839M
Gross Margin60%59%58%60%59%
EBITDA$80M$84M$97M$89M$78M
EBITDA Margin6%6%5%5%6%
EBIT Margin(1%)2%2%2%(3%)
Net Profit($97M)($45M)($15M)($20M)($132M)
Net Margin(7%)(3%)(1%)(1%)(9%)
Net Debt—$587M———

Financial data powered by Morningstar, Inc.

Sleep Number Stock Performance

Sleep Number has current market cap of $39M, and enterprise value of $992M.

Market Cap Evolution


Sleep Number's stock price is $1.71.

Sleep Number share price decreased by 43.1% in the last 30 days, and by 84.1% in the last year.

Sleep Number has an EPS (earnings per share) of $-1.95.

See more trading valuation data for Sleep Number
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$992M$39M0.0%-43.1%-72.3%-84.1%$-1.95

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Sleep Number Valuation Multiples

Sleep Number trades at 0.7x EV/Revenue multiple, and 12.3x EV/EBITDA.

See NTM and 2027E valuation multiples for Sleep Number

EV / Revenue (LTM)


Sleep Number Financial Valuation Multiples

As of May 26, 2026, Sleep Number has market cap of $39M and EV of $992M.

Sleep Number has a P/E ratio of (0.4x).

LTMLast FY202320242025202620272028
EV/Revenue0.7x0.7x0.5x0.6x0.7x
EV/EBITDA12.3x11.9x10.2x11.1x12.7x
EV/EBIT(77.6x)35.9x25.6x24.2x(25.0x)
EV/Gross Profit1.2x1.2x0.9x1.0x1.2x
P/E(0.4x)(0.9x)(2.6x)(1.9x)(0.3x)
EV/FCF(108.1x)n/m(15.0x)n/m(56.1x)

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

Verified Sleep Number 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.

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Sleep Number Margins & Growth Rates

Sleep Number grew revenue by 2% and EBITDA by 24% in the last fiscal year.

In the most recent fiscal year, Sleep Number reported gross margin of 59%, EBITDA margin of 6%, and net margin of (3%).

See estimated margins and future growth rates for Sleep Number

Sleep Number Margins

Last FY202420252026202720282029
Gross Margin59%60%59%59%
EBITDA Margin6%5%6%1%
EBIT Margin2%2%(3%)0%
Net Margin(3%)(1%)(9%)(9%)
FCF Margin0%0%(1%)(1%)

Sleep Number Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth2%(11%)(16%)0%
Gross Profit Growth4%(8%)(16%)(1%)
EBITDA Growth24%(8%)(12%)(88%)
EBIT Growth93%6%(197%)(110%)
Net Profit Growth(108%)33%549%0%
FCF Growth1219%(106%)(586%)0%

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

Sleep Number Operational KPIs

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

Sleep Number's Rule of 40 is 1% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Sleep Number's Rule of X is 1% (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 Sleep Number
LTMLast FY202320242025202620272028
Rule of 406%1%———
Bessemer Rule of X6%1%———
Revenue per Employee—$0.4M———
Opex per Employee—$0.2M———
S&M Expenses to Revenue47%47%45%46%47%
G&A Expenses to Revenue9%9%8%9%10%
R&D Expenses to Revenue2%2%3%3%2%
Opex to Revenue—59%56%57%—

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

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Sleep Number Competitors

Sleep Number competitors include Companias CIC, Purple Innovation, Headlam Group, Vilniaus Baldai, Rigolleau, Natuzzi, U10, Ultimate Products, Victoria plc and Creation Tapeten.

Most Sleep Number public comparables operate across Home & Decor.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Companias CIC0.6x—9.3x—
Purple Innovation0.5x0.5x118.2x25.5x
Headlam Group0.3x0.3x(3.9x)—
Vilniaus Baldai0.7x—6.5x—
Rigolleau0.8x—7.3x—
Natuzzi0.3x—(56.8x)—
U100.2x0.2x4.4x5.3x
Ultimate Products0.4x0.4x4.3x5.1x

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Sleep Number M&A Activity

Sleep Number has acquired 1 company to date.

Last acquisition by Sleep Number was on September 10th 2015. Sleep Number acquired BAM Labs for $71M (EV/Revenue multiple of ).

See M&A valuation multiples

Latest Acquisitions by Sleep Number

BAM Labs
Description
BAM Labs is a health technology company producing the Biometric Sensor for non-contact sleep monitoring. The under-mattress device tracks heart rate, respiration, and movement, transmitting data to cloud-based analytics platforms. Headquartered in the United States, BAM Labs partners with bed manufacturers like Sleep Number for integration into smart beds. The system supports remote patient monitoring in hospitals and home care, with applications in sleep apnea detection and vital signs tracking.
HQ CountryUnited States
HQ City
San Jose, CA
Deal Date10 Sep 2015
Valuation$71M
EV/Revenue
EV/EBITDA

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About Sleep Number

When was Sleep Number founded?Sleep Number was founded in 1987.
Where is Sleep Number headquartered?Sleep Number is headquartered in United States.
How many employees does Sleep Number have?As of today, Sleep Number has over 3K employees.
Who is the CEO of Sleep Number?Sleep Number's CEO is Shelly R. Ibach.
Is Sleep Number publicly listed?Yes, Sleep Number is a public company listed on Nasdaq.
What is the stock symbol of Sleep Number?Sleep Number trades under SNBR ticker.
When did Sleep Number go public?Sleep Number went public in 1998.
Who are competitors of Sleep Number?Sleep Number main competitors include Companias CIC, Purple Innovation, Headlam Group, Vilniaus Baldai, Rigolleau, Natuzzi, U10, Ultimate Products, Victoria plc, Creation Tapeten.
What is the current market cap of Sleep Number?Sleep Number's current market cap is $39M.
What is the current revenue of Sleep Number?Sleep Number's last 12 months revenue is $1B.
What is the current revenue growth of Sleep Number?Sleep Number revenue growth (NTM/LTM) is (0%).
What is the current EV/Revenue multiple of Sleep Number?Current revenue multiple of Sleep Number is 0.7x.
Is Sleep Number profitable?Yes, Sleep Number is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Sleep Number?Sleep Number's last 12 months EBITDA is $80M.
What is Sleep Number's EBITDA margin?Sleep Number's last 12 months EBITDA margin is 6%.
What is the current EV/EBITDA multiple of Sleep Number?Current EBITDA multiple of Sleep Number is 12.3x.
What is the current FCF of Sleep Number?Sleep Number's last 12 months FCF is ($9M).
What is Sleep Number's FCF margin?Sleep Number's last 12 months FCF margin is (1%).
What is the current EV/FCF multiple of Sleep Number?Current FCF multiple of Sleep Number is (108.1x).
How many companies Sleep Number has acquired to date?As of May 2026, Sleep Number has acquired 1 company.
What was the largest acquisition by Sleep Number?$71M acquisition of BAM Labs on 10th September 2015 was the largest M&A Sleep Number has done to date.
What companies Sleep Number acquired?Sleep Number acquired BAM Labs.
In how many companies Sleep Number has invested to date?Sleep Number hasn't invested in any companies yet (or none have been disclosed publicly).

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