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Topicus Valuation Multiples
Discover revenue and EBITDA valuation multiples for Topicus and similar public comparables like Temenos, EquipmentShare.com, Allfunds, Parsons and more.
Topicus Overview
About Topicus
Topicus com Inc is engaged in the development, installation, and customization of vertical market software and the provision of related professional services and support for customers across several diverse markets, mainly in Europe. Its revenue consists mainly of software license fees, maintenance and other recurring fees, professional service fees, and hardware sales. Geographically, the company generates maximum revenue from its business in the Netherlands, and the rest from other markets.
Founded
2020
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$6B
Topicus Financials
Topicus reported last 12-month revenue of $2B and EBITDA of $540M.
In the same LTM period, Topicus generated $540M in EBITDA and $90M in net income.
Revenue (LTM)
Topicus P&L
In the most recent fiscal year, Topicus reported revenue of $2B and EBITDA of $517M.
Topicus expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $654M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $540M | XXX | $517M | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | 15% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $90M | XXX | $49M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $427M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Topicus Stock Performance
Topicus has current market cap of $6B, and enterprise value of $6B.
Market Cap Evolution
Topicus' stock price is $69.26.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $6B | 4.7% | XXX | XXX | XXX | $0.59 |
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Start Free TrialTopicus Valuation Multiples
Topicus trades at 3.3x EV/Revenue multiple, and 11.7x EV/EBITDA.
EV / Revenue (LTM)
Topicus Financial Valuation Multiples
As of April 14, 2026, Topicus has market cap of $6B and EV of $6B.
Equity research analysts estimate Topicus' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Topicus has a P/E ratio of 63.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 11.7x | XXX | 12.2x | XXX | XXX | XXX |
| EV/EBIT | 21.6x | XXX | 21.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 9.7x | XXX | XXX | XXX |
| P/E | 63.8x | XXX | 117.1x | XXX | XXX | XXX |
| EV/FCF | 14.3x | XXX | 13.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Topicus 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.


Topicus Margins & Growth Rates
Topicus' revenue in the last 12 month grew by 15%.
Topicus' rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Topicus' rule of X is 70% (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).
Topicus Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 70% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 19% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Topicus Public Comps
See public comps and valuation multiples for other Automotive Software and Education Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Topicus | XXX | XXX | XXX | XXX | XXX | XXX |
| Temenos | XXX | XXX | XXX | XXX | XXX | XXX |
| EquipmentShare.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Allfunds | XXX | XXX | XXX | XXX | XXX | XXX |
| Parsons | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceTitan | 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.
Topicus M&A Activity
Topicus acquired XXX companies to date.
Last acquisition by Topicus was on XXXXXXXX, XXXXX. Topicus acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Topicus
| 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 TrialTopicus Investment Activity
Topicus invested in XXX companies to date.
Topicus made its latest investment on XXXXXXXX, XXXXX. Topicus invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Topicus
| 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 Topicus
| When was Topicus founded? | Topicus was founded in 2020. |
| Where is Topicus headquartered? | Topicus is headquartered in Canada. |
| Who is the CEO of Topicus? | Topicus' CEO is Robin Van Poelje. |
| Is Topicus publicly listed? | Yes, Topicus is a public company listed on Toronto Stock Exchange. |
| What is the stock symbol of Topicus? | Topicus trades under TOI ticker. |
| When did Topicus go public? | Topicus went public in 2021. |
| Who are competitors of Topicus? | Topicus main competitors are Temenos, EquipmentShare.com, Allfunds, Parsons. |
| What is the current market cap of Topicus? | Topicus' current market cap is $6B. |
| What is the current revenue of Topicus? | Topicus' last 12 months revenue is $2B. |
| What is the current revenue growth of Topicus? | Topicus revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Topicus? | Current revenue multiple of Topicus is 3.3x. |
| Is Topicus profitable? | Yes, Topicus is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Topicus? | Topicus' last 12 months EBITDA is $540M. |
| What is Topicus' EBITDA margin? | Topicus' last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of Topicus? | Current EBITDA multiple of Topicus is 11.7x. |
| What is the current FCF of Topicus? | Topicus' last 12 months FCF is $443M. |
| What is Topicus' FCF margin? | Topicus' last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of Topicus? | Current FCF multiple of Topicus is 14.3x. |
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