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Yesway Valuation Multiples

Discover revenue and EBITDA valuation multiples for Yesway and similar public comparables like 7-Eleven Philippines, Hangzhou Jiebai Group, Pick n Pay, Natural Grocers and more.

Yesway Overview

About Yesway

Yesway Inc is a U.S.-based convenience store operator that manages retail locations under the Yesway and Allsup's brands. Its stores offer foodservice products, grocery items, and private-label products. The company operates in rural and suburban markets across the Southwest and Midwest regions of the United States. It derives its revenue in the United States by operating convenience stores that offer merchandise, fuel, and other products and services designed to appeal to the convenience needs of the customers.


Founded

2021

HQ

United States

Employees

5.7K

Website

yesway.com

Financials (LTM)

Revenue: $3B
EBITDA: $202M

EV

$2B

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Yesway Financials

Yesway reported last 12-month revenue of $3B and EBITDA of $202M.

In the same LTM period, Yesway generated $588M in gross profit, $202M in EBITDA, and $70M in net income.


Yesway P&L

In the most recent fiscal year, Yesway reported revenue of $3B and EBITDA of $187M.

Yesway is profitable as of last fiscal year, with gross margin of 22%, EBITDA margin of 7%, and net margin of 2%.

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LTMLast FY202320242025202620272028
Revenue$3B$3B$3B$3B$3B
Gross Profit$588M$581M$481M$510M$581M
Gross Margin21%22%19%20%22%
EBITDA$202M$187M$157M$147M$159M
EBITDA Margin7%7%6%6%6%
EBIT Margin5%4%3%3%3%
Net Profit$70M$59M$39M$23M$11M
Net Margin2%2%2%1%0%
Net Debt-$420M---

Financial data powered by Morningstar, Inc.

Yesway Stock Performance

Yesway has current market cap of $784M, and enterprise value of $2B.

Market Cap Evolution


Yesway's stock price is $25.15.

Yesway share price increased by 11.8% in the last 30 days.

Yesway has an EPS (earnings per share) of $1.89.

See more trading valuation data for Yesway
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$2B$784M6.4%11.8%--$1.89

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Yesway Valuation Multiples

Yesway trades at 0.6x EV/Revenue multiple, and 8.7x EV/EBITDA.

See NTM and 2027E valuation multiples for Yesway

Yesway Financial Valuation Multiples

As of June 12, 2026, Yesway has market cap of $784M and EV of $2B.

Yesway has a P/E ratio of 11.3x.

LTMLast FY202320242025202620272028
EV/Revenue0.6x0.7x0.7x0.7x0.7x
EV/EBITDA8.7x9.4x11.2x11.9x11.0x
EV/EBIT13.3x14.6x22.2x20.8x19.0x
EV/Gross Profit3.0x3.0x3.6x3.4x3.0x
P/E11.3x13.3x20.3x33.6x69.4x
EV/FCF16.9x16.5x(17.3x)(36.9x)38.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Yesway 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.

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Yesway Margins & Growth Rates

Yesway grew revenue by 15% and EBITDA by 18% in the last fiscal year.

In the most recent fiscal year, Yesway reported gross margin of 22%, EBITDA margin of 7%, and net margin of 2%.

See estimated margins and future growth rates for Yesway

Yesway Margins

Last FY202420252026202720282029
Gross Margin22%20%22%19%
EBITDA Margin7%6%6%7%
EBIT Margin4%3%3%5%
Net Margin2%1%0%3%
FCF Margin4%(2%)2%3%

Yesway Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth15%(0%)6%15%
Gross Profit Growth3%6%14%3%
EBITDA Growth18%(6%)8%38%
EBIT Growth22%7%10%58%
Net Profit Growth41%(39%)(52%)636%
FCF Growth(5%)(53%)(196%)121%

Data powered by FactSet, Inc. and Morningstar, Inc.

Yesway Operational KPIs

Yesway's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Yesway's Rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Yesway's Rule of X is 44% (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).

Access forward-looking KPIs for Yesway
LTMLast FY202320242025202620272028
Rule of 4016%22%---
Bessemer Rule of X29%44%---
Revenue per Employee-$0.5M---
Opex per Employee-$0.1M---
G&A Expenses to Revenue-16%14%15%16%
Opex to Revenue-18%16%17%18%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Yesway Competitors

Yesway competitors include 7-Eleven Philippines, Hangzhou Jiebai Group, Pick n Pay, Natural Grocers, Eureka Forbes, Village Supermarket, Beijing Hualian, Tokmanni Group, Grupo Casas Bahia and Seria.

Most Yesway public comparables operate across General Merchandise.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
7-Eleven Philippines0.6x28.9x5.3x-
Hangzhou Jiebai Group0.6x-1.3x-
Pick n Pay0.2x0.2x5.2x5.4x
Natural Grocers0.8x0.8x10.8x10.0x
Eureka Forbes3.0x2.9x25.6x24.7x
Village Supermarket0.3x-6.6x-
Beijing Hualian5.5x-17.8x-
Tokmanni Group0.8x0.7x6.0x5.9x

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Yesway VC Funding History

Before going public, Yesway raised $425M in total equity funding, across 2 rounds.


Yesway Funding Rounds

DateStageRaised FromRaisedValuationRev. MultipleDeal Summary
Jan-23Undisclosed stageHPS Investment Partners$190M-BW Gas & Convenience Holdings LLC, doing business as Yesway, is a Fort Worth, Texas-based operator of Yesway and Allsup's convenience store chains, with approximately 425-428 stores across nine states including Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma, and Nebraska as of late 2022. Founded in 2015 by Brookwood Financial Partners, a real estate private equity firm, Yesway has focused on growth through new store construction, raze-and-rebuild projects, and acquisitions such as the nine-store Tres Amigos chain and earlier deals like Chisum Travel Centers and Rip Griffin stores. In the second half of 2022, Yesway raised $190 million in new structured equity, primarily from HPS Investment Partners, a global investment firm with $95 billion in assets under management, to fund its new-store construction program. The investment was announced on January 30, 2023, aligning with the query's approximate date. Yesway plans to build 28 new stores in 2023, with most funded by this capital. In 2022, the company completed 17 new stores and 21 raze-and-rebuild projects, achieving what it described as industry-leading annual returns on invested capital. Since inception, Brookwood has raised about $825 million in total equity for Yesway's expansion strategy. Yesway paused its $100 million IPO filing from 2019 in late 2022 due to market conditions, opting instead for this private equity infusion nearly double the IPO target amount. HPS was advised by Gibson, Dunn & Crutcher, while Latham & Watkins advised Yesway.
Oct-20Undisclosed stageBrookwood Financial Partners$235M-Yesway, a Fort Worth, Texas-based convenience store operator founded approximately five years prior by Brookwood Financial Partners, completed a private placement of $235 million in equity on October 28, 2020, with Brookwood acting as the sole placement agent. This brought total equity capital raised through Brookwood to over $642 million, plus over $237 million in sale-leaseback proceeds. The funds were allocated to an extensive raze-and-rebuild and store-remodel program across its portfolio, pursuing complementary acquisitions to expand the Yesway and Allsup’s brands, and potentially pre-paying Term Loan B debt to de-lever the balance sheet. Yesway had acquired the Allsup’s Convenience Store chain in November 2019, integrating it successfully and identifying over $135 million in real estate capital projects, including upgrades to enable the full Allsup’s foodservice program featuring the Allsup’s Burrito. The company recently completed $7 million in technology investments across Allsup’s stores, such as PDI backoffice software, consistent point-of-sale systems, and in-store hardware. Yesway ranked No. 17 on CSP's 2020 Top 202 largest U.S. c-store chains and No. 2 in year-over-year store growth on Convenience Store News' 2020 Top 20 Growth Chains list, after being No. 1 in 2019. At the time, Yesway operated toward a goal of over 500 stores, having relocated its headquarters to Fort Worth in August 2020 from Des Moines, Iowa, with a corporate office in Clovis, New Mexico. By December 31, 2020, its store count reached 402 stores through 24 portfolio acquisitions totaling 451 stores, with select divestitures of underperformers.

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About Yesway

When was Yesway founded?Yesway was founded in 2021.
Where is Yesway headquartered?Yesway is headquartered in United States.
How many employees does Yesway have?As of today, Yesway has over 5K employees.
Is Yesway publicly listed?Yes, Yesway is a public company listed on Nasdaq.
What is the stock symbol of Yesway?Yesway trades under YSWY ticker.
When did Yesway go public?Yesway went public in 2026.
Who are competitors of Yesway?Yesway main competitors include 7-Eleven Philippines, Hangzhou Jiebai Group, Pick n Pay, Natural Grocers, Eureka Forbes, Village Supermarket, Beijing Hualian, Tokmanni Group, Grupo Casas Bahia, Seria.
What is the current market cap of Yesway?Yesway's current market cap is $784M.
What is the current revenue of Yesway?Yesway's last 12 months revenue is $3B.
What is the current revenue growth of Yesway?Yesway revenue growth (NTM/LTM) is 9%.
What is the current EV/Revenue multiple of Yesway?Current revenue multiple of Yesway is 0.6x.
What is the current EBITDA of Yesway?Yesway's last 12 months EBITDA is $202M.
What is Yesway's EBITDA margin?Yesway's last 12 months EBITDA margin is 7%.
What is the current EV/EBITDA multiple of Yesway?Current EBITDA multiple of Yesway is 8.7x.
What is the current FCF of Yesway?Yesway's last 12 months FCF is $104M.
What is Yesway's FCF margin?Yesway's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Yesway?Current FCF multiple of Yesway is 16.9x.
How many companies Yesway has acquired to date?Yesway hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies Yesway has invested to date?Yesway hasn't invested in any companies yet (or none have been disclosed publicly).

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