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Ultralife Valuation Multiples

Discover revenue and EBITDA valuation multiples for Ultralife and similar public comparables like Audinate Group, 4DS Memory, and Archer Materials.

Ultralife Overview

About Ultralife

Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company designs, manufactures, installs, and maintains power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from the Battery and Energy Products segment, and from the U.S. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, and various other non-rechargeable batteries.


Founded

1990

HQ

United States of America
Employees

671

Financials

LTM Revenue $190M

LTM EBITDA $20.0M

EV

$189M

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Ultralife Financials

Ultralife has a last 12-month revenue (LTM) of $190M and a last 12-month EBITDA of $20.0M.

In the most recent fiscal year, Ultralife achieved revenue of $164M and an EBITDA of $14.4M.

Ultralife expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Ultralife P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $190M XXX $164M XXX XXX XXX
Gross Profit $13.5M XXX $42.3M XXX XXX XXX
Gross Margin 7% XXX 26% XXX XXX XXX
EBITDA $20.0M XXX $14.4M XXX XXX XXX
EBITDA Margin 10% XXX 9% XXX XXX XXX
EBIT $13.6M XXX $10.0M XXX XXX XXX
EBIT Margin 7% XXX 6% XXX XXX XXX
Net Profit $9.1M XXX $6.3M XXX XXX XXX
Net Margin 5% XXX 4% XXX XXX XXX
Net Debt XXX XXX $47.4M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Ultralife Stock Performance

As of July 18, 2025, Ultralife's stock price is $9.

Ultralife has current market cap of $145M, and EV of $189M.

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Ultralife Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$189M $145M XXX XXX XXX XXX $0.56

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Ultralife Valuation Multiples

As of July 18, 2025, Ultralife has market cap of $145M and EV of $189M.

Ultralife's trades at 1.2x EV/Revenue multiple, and 13.2x EV/EBITDA.

Equity research analysts estimate Ultralife's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Ultralife has a P/E ratio of 15.9x.

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Ultralife Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $145M XXX $145M XXX XXX XXX
EV (current) $189M XXX $189M XXX XXX XXX
EV/Revenue 1.0x XXX 1.2x XXX XXX XXX
EV/EBITDA 9.5x XXX 13.2x XXX XXX XXX
EV/EBIT 14.0x XXX 19.0x XXX XXX XXX
EV/Gross Profit 14.0x XXX n/a XXX XXX XXX
P/E 15.9x XXX 22.9x XXX XXX XXX
EV/FCF n/a XXX 12.9x XXX XXX XXX

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Ultralife Margins & Growth Rates

Ultralife's last 12 month revenue growth is 15%

Ultralife's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $48K for the same period.

Ultralife's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Ultralife's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Ultralife Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 15% XXX 17% XXX XXX XXX
EBITDA Margin 10% XXX 9% XXX XXX XXX
EBITDA Growth 20% XXX 23% XXX XXX XXX
Rule of 40 25% XXX 24% XXX XXX XXX
Bessemer Rule of X XXX XXX 48% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $48K XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 5% XXX XXX XXX
Opex to Revenue XXX XXX 20% XXX XXX XXX

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Ultralife Public Comps

See public comps and valuation multiples for Electronic Components and Electrical Parts & Equipment comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
M-Tron IndustriesaMtronPTI XXX XXX XXX XXX XXX XXX
4DS Memory XXX XXX XXX XXX XXX XXX
Audinate Group XXX XXX XXX XXX XXX XXX
Archer Materials XXX XXX XXX XXX XXX XXX
Bluglass 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.

Ultralife M&A and Investment Activity

Ultralife acquired  XXX companies to date.

Last acquisition by Ultralife was  XXXXXXXX, XXXXX XXXXX XXXXXX . Ultralife acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Ultralife

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Ultralife

When was Ultralife founded? Ultralife was founded in 1990.
Where is Ultralife headquartered? Ultralife is headquartered in United States of America.
How many employees does Ultralife have? As of today, Ultralife has 671 employees.
Who is the CEO of Ultralife? Ultralife's CEO is Mr. Michael E. Manna.
Is Ultralife publicy listed? Yes, Ultralife is a public company listed on NAS.
What is the stock symbol of Ultralife? Ultralife trades under ULBI ticker.
When did Ultralife go public? Ultralife went public in 1992.
Who are competitors of Ultralife? Similar companies to Ultralife include e.g. M-Tron IndustriesaMtronPTI, 4DS Memory, Audinate Group, Archer Materials.
What is the current market cap of Ultralife? Ultralife's current market cap is $145M
What is the current revenue of Ultralife? Ultralife's last 12 months revenue is $190M.
What is the current revenue growth of Ultralife? Ultralife revenue growth (NTM/LTM) is 15%.
What is the current EV/Revenue multiple of Ultralife? Current revenue multiple of Ultralife is 1.0x.
Is Ultralife profitable? Yes, Ultralife is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Ultralife? Ultralife's last 12 months EBITDA is $20.0M.
What is Ultralife's EBITDA margin? Ultralife's last 12 months EBITDA margin is 10%.
What is the current EV/EBITDA multiple of Ultralife? Current EBITDA multiple of Ultralife is 9.5x.

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