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Spartan Delta Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spartan Delta and similar public comparables like Equital, NGL Energy Partners, ProPetro Holding, Ratio Energies and more.
Spartan Delta Overview
About Spartan Delta
Spartan Delta Corp is an oil and gas exploration and production company. The company is engaged in the exploration, development, and production of crude oil and natural gas properties in western Canada. The company operates and focuses its activities in west central Alberta, the Deep Basin and in the West Shale Basin Duvernay. It is a differentiated energy company whose ESG-focused culture is centered on generating sustainable free cash flow through oil and gas exploration and development.
Founded
2006
HQ

Employees
115
Website
Sectors
Financials (LTM)
EV
$2B
Spartan Delta Financials
Spartan Delta reported last 12-month revenue of $320M and EBITDA of $192M.
In the same LTM period, Spartan Delta generated $192M in EBITDA and $52M in net income.
Spartan Delta P&L
In the most recent fiscal year, Spartan Delta reported revenue of $298M and EBITDA of $179M.
Spartan Delta expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $320M | XXX | $298M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $147M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $192M | XXX | $179M | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBIT Margin | 67% | XXX | 67% | XXX | XXX | XXX |
| Net Profit | $52M | XXX | $51M | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 17% | XXX | XXX | XXX |
| Net Debt | — | — | $115M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spartan Delta Stock Performance
Spartan Delta has current market cap of $2B, and enterprise value of $2B.
Spartan Delta's stock price is $7.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | -0.3% | XXX | XXX | XXX | $0.26 |
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Start Free TrialSpartan Delta Valuation Multiples
Spartan Delta trades at 5.1x EV/Revenue multiple, and 8.6x EV/EBITDA.
Spartan Delta Financial Valuation Multiples
As of March 29, 2026, Spartan Delta has market cap of $2B and EV of $2B.
Equity research analysts estimate Spartan Delta's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spartan Delta has a P/E ratio of 29.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | 5.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | 9.2x | XXX | XXX | XXX |
| EV/EBIT | 7.6x | XXX | 8.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 11.2x | XXX | XXX | XXX |
| P/E | 29.8x | XXX | 30.3x | XXX | XXX | XXX |
| EV/FCF | (17.2x) | XXX | (16.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spartan Delta 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.


Spartan Delta Margins & Growth Rates
Spartan Delta's revenue in the last 12 month grew by 50%.
Spartan Delta's revenue per employee in the last FY averaged $2.8M.
Spartan Delta's rule of 40 is 109% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spartan Delta's rule of X is 184% (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).
Spartan Delta Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 50% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | 54% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 109% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 184% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spartan Delta Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Equital | XXX | XXX | XXX | XXX | XXX | XXX |
| NGL Energy Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| ProPetro Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Ratio Energies | XXX | XXX | XXX | XXX | XXX | XXX |
| Global Partners | 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.
Spartan Delta M&A Activity
Spartan Delta acquired XXX companies to date.
Last acquisition by Spartan Delta was on XXXXXXXX, XXXXX. Spartan Delta acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spartan Delta
| 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 TrialSpartan Delta Investment Activity
Spartan Delta invested in XXX companies to date.
Spartan Delta made its latest investment on XXXXXXXX, XXXXX. Spartan Delta invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spartan Delta
| 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 Spartan Delta
| When was Spartan Delta founded? | Spartan Delta was founded in 2006. |
| Where is Spartan Delta headquartered? | Spartan Delta is headquartered in Canada. |
| How many employees does Spartan Delta have? | As of today, Spartan Delta has over 115 employees. |
| Is Spartan Delta publicly listed? | Yes, Spartan Delta is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Spartan Delta? | Spartan Delta trades under SDE ticker. |
| When did Spartan Delta go public? | Spartan Delta went public in 2006. |
| Who are competitors of Spartan Delta? | Spartan Delta main competitors are Equital, NGL Energy Partners, ProPetro Holding, Ratio Energies. |
| What is the current market cap of Spartan Delta? | Spartan Delta's current market cap is $2B. |
| What is the current revenue of Spartan Delta? | Spartan Delta's last 12 months revenue is $320M. |
| What is the current revenue growth of Spartan Delta? | Spartan Delta revenue growth (NTM/LTM) is 50%. |
| What is the current EV/Revenue multiple of Spartan Delta? | Current revenue multiple of Spartan Delta is 5.1x. |
| Is Spartan Delta profitable? | Yes, Spartan Delta is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spartan Delta? | Spartan Delta's last 12 months EBITDA is $192M. |
| What is Spartan Delta's EBITDA margin? | Spartan Delta's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of Spartan Delta? | Current EBITDA multiple of Spartan Delta is 8.6x. |
| What is the current FCF of Spartan Delta? | Spartan Delta's last 12 months FCF is ($95M). |
| What is Spartan Delta's FCF margin? | Spartan Delta's last 12 months FCF margin is (30%). |
| What is the current EV/FCF multiple of Spartan Delta? | Current FCF multiple of Spartan Delta is (17.2x). |
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