🚀 VC round data is live in beta, check it out!
WhiteHorse Finance Valuation Multiples
Discover revenue and EBITDA valuation multiples for WhiteHorse Finance and similar public comparables like Warehouses Estates, Norstar Holdings, CVC, Cadence Capital and more.
WhiteHorse Finance Overview
About WhiteHorse Finance
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.
Founded
2011
HQ
Employees
N/A
Website
Sectors
Financials (LTM)
EV
$489M
WhiteHorse Finance Financials
WhiteHorse Finance reported last 12-month revenue of $71M and EBITDA of $69M.
In the same LTM period, WhiteHorse Finance generated $69M in EBITDA and $17M in net income.
Revenue (LTM)
WhiteHorse Finance P&L
In the most recent fiscal year, WhiteHorse Finance reported revenue of $73M and EBITDA of $73M.
WhiteHorse Finance expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $71M | XXX | $73M | XXX | XXX | XXX |
| EBITDA | $69M | XXX | $73M | XXX | XXX | XXX |
| EBITDA Margin | 98% | XXX | 100% | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| Net Profit | $17M | XXX | $14M | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 20% | XXX | XXX | XXX |
| Net Debt | — | — | $317M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
WhiteHorse Finance Stock Performance
WhiteHorse Finance has current market cap of $165M, and enterprise value of $489M.
Market Cap Evolution
WhiteHorse Finance's stock price is $7.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $489M | $165M | 0.0% | XXX | XXX | XXX | $0.62 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialWhiteHorse Finance Valuation Multiples
WhiteHorse Finance trades at 6.9x EV/Revenue multiple, and 7.0x EV/EBITDA.
EV / Revenue (LTM)
WhiteHorse Finance Financial Valuation Multiples
As of April 10, 2026, WhiteHorse Finance has market cap of $165M and EV of $489M.
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 9.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $165M | XXX | $165M | XXX | XXX | XXX |
| EV (current) | $489M | XXX | $489M | XXX | XXX | XXX |
| EV/Revenue | 6.9x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.0x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBIT | 13.9x | XXX | 13.7x | XXX | XXX | XXX |
| P/E | 9.9x | XXX | 11.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 6.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified WhiteHorse Finance 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.
WhiteHorse Finance Margins & Growth Rates
WhiteHorse Finance's revenue in the last 12 month declined by (7%).
WhiteHorse Finance's rule of 40 is 321% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
WhiteHorse Finance's rule of X is 666% (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).
WhiteHorse Finance Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (7%) | XXX | (8%) | XXX | XXX | XXX |
| EBITDA Margin | 98% | XXX | 100% | XXX | XXX | XXX |
| EBITDA Growth | (15%) | XXX | (17%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 321% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 666% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 7% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | 57% | XXX | 57% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
WhiteHorse Finance Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Warehouses Estates | XXX | XXX | XXX | XXX | XXX | XXX |
| Norstar Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC | XXX | XXX | XXX | XXX | XXX | XXX |
| Cadence Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| BriQ Properties | 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 M&A Activity
WhiteHorse Finance acquired XXX companies to date.
Last acquisition by WhiteHorse Finance was on XXXXXXXX, XXXXX. WhiteHorse Finance acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by WhiteHorse Finance
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialWhiteHorse Finance Investment Activity
WhiteHorse Finance invested in XXX companies to date.
WhiteHorse Finance made its latest investment on XXXXXXXX, XXXXX. WhiteHorse Finance invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by WhiteHorse Finance
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout WhiteHorse Finance
| When was WhiteHorse Finance founded? | WhiteHorse Finance was founded in 2011. |
| Where is WhiteHorse Finance headquartered? | WhiteHorse Finance is headquartered in United States. |
| Who is the CEO of WhiteHorse Finance? | WhiteHorse Finance's CEO is Stuart D. Aronson. |
| Is WhiteHorse Finance publicly listed? | Yes, WhiteHorse Finance is a public company listed on Nasdaq. |
| 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? | WhiteHorse Finance main competitors are Warehouses Estates, Norstar Holdings, CVC, Cadence Capital. |
| What is the current market cap of WhiteHorse Finance? | WhiteHorse Finance's current market cap is $165M. |
| What is the current revenue of WhiteHorse Finance? | WhiteHorse Finance's last 12 months revenue is $71M. |
| What is the current revenue growth of WhiteHorse Finance? | WhiteHorse Finance revenue growth (NTM/LTM) is (7%). |
| 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 $69M. |
| What is WhiteHorse Finance's EBITDA margin? | WhiteHorse Finance's last 12 months EBITDA margin is 98%. |
| What is the current EV/EBITDA multiple of WhiteHorse Finance? | Current EBITDA multiple of WhiteHorse Finance is 7.0x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.