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WhiteHorse Finance Inc is a non-diversified, closed-end management investment company. It makes debt investments in privately held; small-cap companies located in United States. Its investment objective is to generate risk-adjusted returns by originating and investing in senior secured loans, including first lien and second lien facilities, to performing lower middle market companies across a range of industries.
2011
n/a
LTM Revenue $81.6M
LTM EBITDA $81.0M
$560M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
WhiteHorse Finance has a last 12-month revenue (LTM) of $81.6M and a last 12-month EBITDA of $81.0M.
In the most recent fiscal year, WhiteHorse Finance achieved revenue of $17.1M and an EBITDA of n/a.
WhiteHorse Finance expects next 12-month revenue of XXX and NTM EBITDA of XXX
See WhiteHorse Finance valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $81.6M | XXX | $17.1M | XXX | XXX | XXX |
| Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| Gross Margin | n/a | XXX | n/a | XXX | XXX | XXX |
| EBITDA | $81.0M | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | 99% | XXX | n/a | XXX | XXX | XXX |
| EBIT | $37.1M | XXX | n/a | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | n/a | XXX | XXX | XXX |
| Net Profit | $16.6M | XXX | $10.9M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 63% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $341M | XXX | XXX | XXX |
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As of August 18, 2025, WhiteHorse Finance's stock price is $8.
WhiteHorse Finance has current market cap of $197M, and EV of $560M.
See WhiteHorse Finance trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $560M | $197M | XXX | XXX | XXX | XXX | $1.32 |
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Start Free TrialAs of August 18, 2025, WhiteHorse Finance has market cap of $197M and EV of $560M.
WhiteHorse Finance's trades at 32.8x EV/Revenue multiple, and n/a EV/EBITDA.
Equity research analysts estimate WhiteHorse Finance's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
WhiteHorse Finance has a P/E ratio of 11.8x.
See valuation multiples for WhiteHorse Finance and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $197M | XXX | $197M | XXX | XXX | XXX |
| EV (current) | $560M | XXX | $560M | XXX | XXX | XXX |
| EV/Revenue | 6.9x | XXX | 32.8x | XXX | XXX | XXX |
| EV/EBITDA | 6.9x | XXX | n/a | XXX | XXX | XXX |
| EV/EBIT | 15.1x | XXX | n/a | XXX | XXX | XXX |
| EV/Gross Profit | n/a | XXX | n/a | XXX | XXX | XXX |
| P/E | 11.8x | XXX | 18.2x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 7.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialWhiteHorse Finance's last 12 month revenue growth is -11%
WhiteHorse Finance's revenue per employee in the last FY averaged n/a, while opex per employee averaged n/a for the same period.
WhiteHorse Finance's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
WhiteHorse Finance's rule of X is 72% (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).
See operational valuation multiples for WhiteHorse Finance and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -11% | XXX | 104% | XXX | XXX | XXX |
| EBITDA Margin | 99% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Growth | -12% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | n/a | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | n/a | 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 | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 30% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Waha Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurocommercial Props | 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.
WhiteHorse Finance acquired XXX companies to date.
Last acquisition by WhiteHorse Finance was XXXXXXXX, XXXXX XXXXX XXXXXX . WhiteHorse Finance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| 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 |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was WhiteHorse Finance founded? | WhiteHorse Finance was founded in 2011. |
| Where is WhiteHorse Finance headquartered? | WhiteHorse Finance is headquartered in United States of America. |
| Who is the CEO of WhiteHorse Finance? | WhiteHorse Finance's CEO is Mr. Stuart D. Aronson. |
| Is WhiteHorse Finance publicy listed? | Yes, WhiteHorse Finance is a public company listed on NAS. |
| What is the stock symbol of WhiteHorse Finance? | WhiteHorse Finance trades under WHF ticker. |
| When did WhiteHorse Finance go public? | WhiteHorse Finance went public in 2012. |
| Who are competitors of WhiteHorse Finance? | Similar companies to WhiteHorse Finance include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
| What is the current market cap of WhiteHorse Finance? | WhiteHorse Finance's current market cap is $197M |
| What is the current revenue of WhiteHorse Finance? | WhiteHorse Finance's last 12 months revenue is $81.6M. |
| What is the current revenue growth of WhiteHorse Finance? | WhiteHorse Finance revenue growth (NTM/LTM) is -11%. |
| What is the current EV/Revenue multiple of WhiteHorse Finance? | Current revenue multiple of WhiteHorse Finance is 6.9x. |
| Is WhiteHorse Finance profitable? | Yes, WhiteHorse Finance is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of WhiteHorse Finance? | WhiteHorse Finance's last 12 months EBITDA is $81.0M. |
| What is WhiteHorse Finance's EBITDA margin? | WhiteHorse Finance's last 12 months EBITDA margin is 99%. |
| What is the current EV/EBITDA multiple of WhiteHorse Finance? | Current EBITDA multiple of WhiteHorse Finance is 6.9x. |
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