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Solar Foods Valuation Multiples
Discover revenue and EBITDA valuation multiples for Solar Foods and similar public comparables like Dexxos, XRF Scientific, H&R Gruppe, Carbios and more.
Solar Foods Overview
About Solar Foods
Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.
Founded
2017
HQ

Employees
46
Website
Sectors
Financials (LTM)
EV
$193M
Solar Foods Financials
Solar Foods reported last 12-month revenue of $919K and EBITDA of $1M.
In the same LTM period, Solar Foods generated $919K in gross profit, $1M in EBITDA, and had net loss of ($8M).
Revenue (LTM)
Solar Foods P&L
In the most recent fiscal year, Solar Foods reported revenue of $146K and EBITDA of ($1M).
Solar Foods expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $919K | XXX | $146K | XXX | XXX | XXX |
| Gross Profit | $919K | XXX | $5M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 3683% | XXX | XXX | XXX |
| EBITDA | $1M | XXX | ($1M) | XXX | XXX | XXX |
| EBITDA Margin | 154% | XXX | (759%) | XXX | XXX | XXX |
| EBIT Margin | (1008%) | XXX | (8271%) | XXX | XXX | XXX |
| Net Profit | ($8M) | XXX | ($14M) | XXX | XXX | XXX |
| Net Margin | (888%) | XXX | (9319%) | XXX | XXX | XXX |
| Net Debt | — | — | $10M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Solar Foods Stock Performance
Solar Foods has current market cap of $182M, and enterprise value of $193M.
Market Cap Evolution
Solar Foods' stock price is $6.08.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $193M | $182M | 0.0% | XXX | XXX | XXX | $-0.45 |
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Start Free TrialSolar Foods Valuation Multiples
Solar Foods trades at 209.6x EV/Revenue multiple, and 135.8x EV/EBITDA.
EV / Revenue (LTM)
Solar Foods Financial Valuation Multiples
As of April 20, 2026, Solar Foods has market cap of $182M and EV of $193M.
Equity research analysts estimate Solar Foods' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Solar Foods has a P/E ratio of (22.3x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $182M | XXX | $182M | XXX | XXX | XXX |
| EV (current) | $193M | XXX | $193M | XXX | XXX | XXX |
| EV/Revenue | 209.6x | XXX | 1324.7x | XXX | XXX | XXX |
| EV/EBITDA | 135.8x | XXX | (174.4x) | XXX | XXX | XXX |
| EV/EBIT | (20.8x) | XXX | (16.0x) | XXX | XXX | XXX |
| EV/Gross Profit | 209.6x | XXX | 36.0x | XXX | XXX | XXX |
| P/E | (22.3x) | XXX | (13.4x) | XXX | XXX | XXX |
| EV/FCF | (18.8x) | XXX | (27.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Solar Foods 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.


Solar Foods Margins & Growth Rates
Solar Foods' revenue in the last 12 month grew by 282%.
Solar Foods' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.4M for the same period.
Solar Foods' rule of 40 is 2154% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Solar Foods' rule of X is 5002% (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).
Solar Foods Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 282% | XXX | 1898% | XXX | XXX | XXX |
| EBITDA Margin | 154% | XXX | (759%) | XXX | XXX | XXX |
| EBITDA Growth | 105% | XXX | (773%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 2154% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 5002% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12098% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Solar Foods Public Comps
See public comps and valuation multiples for other Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Solar Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Dexxos | XXX | XXX | XXX | XXX | XXX | XXX |
| XRF Scientific | XXX | XXX | XXX | XXX | XXX | XXX |
| H&R Gruppe | XXX | XXX | XXX | XXX | XXX | XXX |
| Carbios | XXX | XXX | XXX | XXX | XXX | XXX |
| Masterflex | 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.
Solar Foods M&A Activity
Solar Foods acquired XXX companies to date.
Last acquisition by Solar Foods was on XXXXXXXX, XXXXX. Solar Foods acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Solar Foods
| 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 TrialSolar Foods Investment Activity
Solar Foods invested in XXX companies to date.
Solar Foods made its latest investment on XXXXXXXX, XXXXX. Solar Foods invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Solar Foods
| 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 Solar Foods
| When was Solar Foods founded? | Solar Foods was founded in 2017. |
| Where is Solar Foods headquartered? | Solar Foods is headquartered in Finland. |
| How many employees does Solar Foods have? | As of today, Solar Foods has over 46 employees. |
| Is Solar Foods publicly listed? | Yes, Solar Foods is a public company listed on Nasdaq Helsinki. |
| What is the stock symbol of Solar Foods? | Solar Foods trades under SFOODS ticker. |
| When did Solar Foods go public? | Solar Foods went public in 2024. |
| Who are competitors of Solar Foods? | Solar Foods main competitors are Dexxos, XRF Scientific, H&R Gruppe, Carbios. |
| What is the current market cap of Solar Foods? | Solar Foods' current market cap is $182M. |
| What is the current revenue of Solar Foods? | Solar Foods' last 12 months revenue is $919K. |
| What is the current revenue growth of Solar Foods? | Solar Foods revenue growth (NTM/LTM) is 282%. |
| What is the current EV/Revenue multiple of Solar Foods? | Current revenue multiple of Solar Foods is 209.6x. |
| Is Solar Foods profitable? | Yes, Solar Foods is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Solar Foods? | Solar Foods' last 12 months EBITDA is $1M. |
| What is Solar Foods' EBITDA margin? | Solar Foods' last 12 months EBITDA margin is 154%. |
| What is the current EV/EBITDA multiple of Solar Foods? | Current EBITDA multiple of Solar Foods is 135.8x. |
| What is the current FCF of Solar Foods? | Solar Foods' last 12 months FCF is ($10M). |
| What is Solar Foods' FCF margin? | Solar Foods' last 12 months FCF margin is (1116%). |
| What is the current EV/FCF multiple of Solar Foods? | Current FCF multiple of Solar Foods is (18.8x). |
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