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Vestas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vestas and similar public comparables like Huaneng Lancang River, CRRC Corp., Alfa Laval, Jiangsu Hengli Hydraulic and more.
Vestas Overview
About Vestas
Vestas is a leading manufacturer of wind turbines with the highest installed capacity under service in the world. The firm operates two business segments: power solutions and services. The power solutions segment designs, manufactures, and installs onshore and offshore wind turbines. The services segment performs operating and maintenance service work on wind turbines.
Founded
1898
HQ
Employees
37.0K
Website
Financials (LTM)
EV
$23B
Vestas Financials
Vestas reported last 12-month revenue of $23B and EBITDA of $3B.
In the same LTM period, Vestas generated $3B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Vestas P&L
In the most recent fiscal year, Vestas reported revenue of $22B and EBITDA of $3B.
Vestas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $23B | XXX | $22B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $920M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vestas Stock Performance
Vestas has current market cap of $24B, and enterprise value of $23B.
Market Cap Evolution
Vestas' stock price is $24.65.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $23B | $24B | -0.3% | XXX | XXX | XXX | $0.93 |
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Start Free TrialVestas Valuation Multiples
Vestas trades at 1.0x EV/Revenue multiple, and 9.0x EV/EBITDA.
EV / Revenue (LTM)
Vestas Financial Valuation Multiples
As of April 2, 2026, Vestas has market cap of $24B and EV of $23B.
Equity research analysts estimate Vestas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vestas has a P/E ratio of 24.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $24B | XXX | $24B | XXX | XXX | XXX |
| EV (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 9.0x | XXX | XXX | XXX |
| EV/EBIT | 16.8x | XXX | 18.3x | XXX | XXX | XXX |
| EV/Gross Profit | 7.3x | XXX | 8.1x | XXX | XXX | XXX |
| P/E | 24.3x | XXX | 26.5x | XXX | XXX | XXX |
| EV/FCF | 17.6x | XXX | 16.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vestas 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.
Vestas Margins & Growth Rates
Vestas' revenue in the last 12 month grew by 9%.
Vestas' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.0M for the same period.
Vestas' rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vestas' rule of X is 42% (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).
Vestas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 42% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 7% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vestas Public Comps
See public comps and valuation multiples for other Energy Equipment and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Huaneng Lancang River | XXX | XXX | XXX | XXX | XXX | XXX |
| CRRC Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| Alfa Laval | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Hengli Hydraulic | XXX | XXX | XXX | XXX | XXX | XXX |
| Verbund | 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.
Vestas M&A Activity
Vestas acquired XXX companies to date.
Last acquisition by Vestas was on XXXXXXXX, XXXXX. Vestas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vestas
| 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 TrialVestas Investment Activity
Vestas invested in XXX companies to date.
Vestas made its latest investment on XXXXXXXX, XXXXX. Vestas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vestas
| 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 Vestas
| When was Vestas founded? | Vestas was founded in 1898. |
| Where is Vestas headquartered? | Vestas is headquartered in Denmark. |
| How many employees does Vestas have? | As of today, Vestas has over 37K employees. |
| Who is the CEO of Vestas? | Vestas' CEO is Henrik Andersen. |
| Is Vestas publicly listed? | Yes, Vestas is a public company listed on Nasdaq Copenhagen. |
| What is the stock symbol of Vestas? | Vestas trades under VWS ticker. |
| When did Vestas go public? | Vestas went public in 1998. |
| Who are competitors of Vestas? | Vestas main competitors are Huaneng Lancang River, CRRC Corp., Alfa Laval, Jiangsu Hengli Hydraulic. |
| What is the current market cap of Vestas? | Vestas' current market cap is $24B. |
| What is the current revenue of Vestas? | Vestas' last 12 months revenue is $23B. |
| What is the current revenue growth of Vestas? | Vestas revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Vestas? | Current revenue multiple of Vestas is 1.0x. |
| Is Vestas profitable? | Yes, Vestas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vestas? | Vestas' last 12 months EBITDA is $3B. |
| What is Vestas' EBITDA margin? | Vestas' last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Vestas? | Current EBITDA multiple of Vestas is 9.0x. |
| What is the current FCF of Vestas? | Vestas' last 12 months FCF is $1B. |
| What is Vestas' FCF margin? | Vestas' last 12 months FCF margin is 6%. |
| What is the current EV/FCF multiple of Vestas? | Current FCF multiple of Vestas is 17.6x. |
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