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Public Comps and Valuation Multiples for Utilities

Benchmark revenue and EBITDA valuation multiples for public comps like
NextEra Energy, Iberdrola, Constellation Energy, Enel and Southern Company.

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Utilities

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$193B$286B$28B10.1x17.8x
$154B$212B$54B3.9x10.9x
$118B$124B$27B4.6x21.2x
$116B$185B$92B2.0x7.0x
$109B$181B$30B6.1x13.5x
$102B$194B$32B6.0x12.5x
$92B$148B$26B5.7x13.7x
$87B$102B$15B6.8x
$80B$122B$84B1.4x7.1x
$72B$121B$22B5.5x13.3x
$63B$65B
$62B$95B$14B6.9x16.6x
$59B$54B$93B0.6x4.7x
$56B$76B$19B4.0x12.2x
$55B$105B$17B6.3x13.6x
$50B$100B$24B4.1x11.1x
$50B$84B$15B5.6x13.7x
$48B$77B$13B5.9x13.4x
$46B$50B$22B2.3x8.4x
$43B$56B$13B4.2x13.4x
$42B$65B$12B5.4x13.9x
$42B$104B$25B4.1x10.1x
$41B$52B$25B2.1x7.7x
$41B$47B$9B5.2x9.8x
$40B$67B$17B3.9x12.0x
$39B$63B$20B3.1x10.5x
$38B$60B$10B6.1x14.8x
$38B$50B$32B1.6x11.3x
$34B$40B$2B19.3x31.4x
$31B$51B$9B5.8x13.3x
$31B$34B$12B2.9x8.9x
$31B$57B$15B3.7x12.8x
$31B$40B$5B7.9x16.1x
$30B$40B$15B2.6x6.5x
$30B$42B$5B8.4x10.0x
$30B$44B$11B4.1x12.0x
$29B$56B$15B3.7x11.9x
$29B$47B$9B5.2x12.7x
$29B$33B$6B5.6x14.9x
$29B$71B$19B3.7x7.4x
$29B$42B$23B1.9x6.8x
$28B$54B$9B5.9x12.6x
$28B$51B$9B5.4x12.9x
$28B$58B$13B4.3x10.8x
$27B$41B$79B0.5x5.9x
$26B$42B$5B8.1x14.6x
$26B$26B$9B2.9x8.5x
$26B$46B$5B10.1x13.3x
$25B$84B$12B7.0x11.9x
$25B$38B$7B5.8x15.5x
$25B$X.XB$68BX.XxX.Xx
$25B$X.XBX.XxX.Xx
$24B$X.XB$11BX.XxX.Xx
$24B$X.XB$9BX.XxX.Xx
$23B$X.XB$5BX.XxX.Xx
$23B$X.XB$7BX.XxX.Xx
$22B$X.XBX.XxX.Xx
$22B$X.XB$18BX.XxX.Xx
$21B$X.XB$6BX.XxX.Xx
$21B$X.XB$577MX.XxX.Xx
$21B$X.XB$17BX.XxX.Xx
$20B$X.XB$4BX.XxX.Xx
$19B$X.XB$6BX.XxX.Xx
$19B$X.XB$4BX.XxX.Xx
$18B$X.XB$7BX.XxX.Xx
$17B$X.XB$26BX.XxX.Xx
$17B$X.XB$101MX.XxX.Xx
$17B$X.XB$20BX.XxX.Xx
$17B$X.XB$5BX.XxX.Xx
$17B$X.XB$1BX.XxX.Xx
$17B$X.XB$71BX.XxX.Xx
$16B$X.XB$3BX.XxX.Xx
$16B$X.XB$18BX.XxX.Xx
$16B$X.XB$3BX.XxX.Xx
$16B$X.XB$5BX.XxX.Xx
$16B$X.XB$13BX.XxX.Xx
$15B$X.XB$33BX.XxX.Xx
$15B$X.XB$6BX.XxX.Xx
$14B$X.XB$11BX.XxX.Xx
$13B$X.XB$4BX.XxX.Xx
$13B$X.XB$3BX.XxX.Xx
$13B$X.XB$3BX.XxX.Xx
$13B$X.XB$13BX.XxX.Xx
$12B$X.XBX.XxX.Xx
$12B$X.XB$22BX.XxX.Xx
$12B$X.XB$5BX.XxX.Xx
$12B$X.XBX.XxX.Xx
$12B$X.XB$30BX.XxX.Xx
$11B$X.XB$15BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$8BX.XxX.Xx
$11B$X.XBX.XxX.Xx
$10B$X.XB$3BX.XxX.Xx
$10B$X.XB$8BX.XxX.Xx
$10B$X.XB$12BX.XxX.Xx
$10B$X.XB$6BX.XxX.Xx
$10B$X.XB$536KX.XxX.Xx
$10B$X.XB$258MX.XxX.Xx
$10B$X.XB$16BX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$12BX.XxX.Xx
$9B$X.XB$18BX.XxX.Xx
$9B$X.XB$3BX.XxX.Xx
$9B$X.XBX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB$16BX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB$14BX.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$18BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$8B$X.XB$6BX.XxX.Xx
$8B$X.XB$5BX.XxX.Xx
$8B$X.XB$7BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$3BX.XxX.Xx
$8B$X.XB$4BX.XxX.Xx
$8B$X.XB$11BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XBX.XxX.Xx
$7B$X.XB$8BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$15BX.XxX.Xx
$7B$X.XB$16BX.XxX.Xx
$7B$X.XB$6BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$41BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$13BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$588MX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$10BX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$5B$X.XB$14BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$9BX.XxX.Xx
$5B$X.XB$8BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$27BX.XxX.Xx
$5B$X.XB$2BX.XxX.Xx
$5B$X.XB$7BX.XxX.Xx
$5B$X.XBX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$956MX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$3BX.XxX.Xx
$5B$X.XB$4BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$9BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XBX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XB$8BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$15BX.XxX.Xx
$4B$X.XBX.XxX.Xx
$4B$X.XB$663MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$4B$X.XB$2BX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$952MX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$4BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$749MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$658MX.XxX.Xx
$3B$X.XB$6BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$668MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XBX.XxX.Xx
$3B$X.XB$11BX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$25BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$9BX.XxX.Xx
$2B$X.XB$677MX.XxX.Xx
$2B$X.XB$785MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$5BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$60MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$821MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$924MX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XBX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$5BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$3BX.XxX.Xx
$1B$X.XB$5BX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$858MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$166MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$789MX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XBX.XxX.Xx
$1B$X.XB$2BX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$991M$X.XB$200MX.XxX.Xx
$981M$X.XB$1BX.XxX.Xx
$973M$X.XB$292MX.XxX.Xx
$965M$X.XB$447MX.XxX.Xx
$961M$X.XB$2BX.XxX.Xx
$941M$X.XB$545MX.XxX.Xx
$927M$X.XB$2BX.XxX.Xx
$910M$X.XB$2BX.XxX.Xx
$869M$X.XBX.XxX.Xx
$866M$X.XBX.XxX.Xx
$756M$X.XBX.XxX.Xx
$674M$X.XBX.XxX.Xx
$667M$X.XB$2BX.XxX.Xx
$622M$X.XBX.XxX.Xx
$616M$X.XBX.XxX.Xx
$608M$X.XBX.XxX.Xx
$606M$X.XB$133MX.XxX.Xx
$574M$X.XBX.XxX.Xx
$563M$X.XBX.XxX.Xx
$554M$X.XBX.XxX.Xx
$551M$X.XBX.XxX.Xx
$533M$X.XBX.XxX.Xx
$530M$X.XBX.XxX.Xx
$512M$X.XBX.XxX.Xx
$510M$X.XBX.XxX.Xx
$501M$X.XBX.XxX.Xx
$490M$X.XBX.XxX.Xx
$478M$X.XB$79MX.XxX.Xx
$467M$X.XB$17MX.XxX.Xx
$466M$X.XB$96MX.XxX.Xx
$463M$X.XBX.XxX.Xx
$447M$X.XB$3BX.XxX.Xx
$427M$X.XBX.XxX.Xx
$421M$X.XBX.XxX.Xx
$412M$X.XB$67MX.XxX.Xx
$411M$X.XB$258MX.XxX.Xx
$393M$X.XB$986MX.XxX.Xx
$389M$X.XB$509MX.XxX.Xx
$388M$X.XBX.XxX.Xx
$374M$X.XB$179MX.XxX.Xx
$364M$X.XBX.XxX.Xx
$349M$X.XB$113MX.XxX.Xx
$313M$X.XB$2BX.XxX.Xx
$304M$X.XBX.XxX.Xx
$291M$X.XBX.XxX.Xx
$285M$X.XBX.XxX.Xx
$282M$X.XBX.XxX.Xx
$281M$X.XBX.XxX.Xx
$268M$X.XBX.XxX.Xx
$264M$X.XBX.XxX.Xx
$261M$X.XB$58MX.XxX.Xx
$260M$X.XBX.XxX.Xx
$260M$X.XBX.XxX.Xx
$259M$X.XBX.XxX.Xx
$255M$X.XBX.XxX.Xx
$253M$X.XB$301MX.XxX.Xx
$237M$X.XBX.XxX.Xx
$231M$X.XB$184MX.XxX.Xx
$230M$X.XB$95MX.XxX.Xx
$214M$X.XBX.XxX.Xx
$210M$X.XB$375MX.XxX.Xx
$187M$X.XB$198MX.XxX.Xx
$187M$X.XBX.XxX.Xx
$167M$X.XB$10MX.XxX.Xx
$165M$X.XBX.XxX.Xx
$163M$X.XBX.XxX.Xx
$155M$X.XBX.XxX.Xx
$139M$X.XB$10MX.XxX.Xx
$139M$X.XBX.XxX.Xx
$137M$X.XBX.XxX.Xx
$132M$X.XBX.XxX.Xx
$128M$X.XBX.XxX.Xx
$118M$X.XB$65MX.XxX.Xx
$108M$X.XBX.XxX.Xx
$102M$X.XBX.XxX.Xx
$97M$X.XBX.XxX.Xx
$96M$X.XBX.XxX.Xx
$88M$X.XBX.XxX.Xx
$87M$X.XBX.XxX.Xx
$85M$X.XBX.XxX.Xx
$78M$X.XBX.XxX.Xx
$75M$X.XBX.XxX.Xx
$68M$X.XBX.XxX.Xx
$63M$X.XB$361MX.XxX.Xx
$57M$X.XBX.XxX.Xx
$56M$X.XBX.XxX.Xx
$55M$X.XB$1MX.XxX.Xx
$53M$X.XBX.XxX.Xx
$46M$X.XBX.XxX.Xx
$45M$X.XBX.XxX.Xx
$45M$X.XBX.XxX.Xx
$43M$X.XBX.XxX.Xx
$41M$X.XBX.XxX.Xx
$39M$X.XBX.XxX.Xx
$34M$X.XB$39MX.XxX.Xx
$30M$X.XBX.XxX.Xx
$30M$X.XBX.XxX.Xx
$28M$X.XBX.XxX.Xx
$26M$X.XBX.XxX.Xx
$24M$X.XBX.XxX.Xx
$22M$X.XBX.XxX.Xx
$20M$X.XBX.XxX.Xx
$20M$X.XB$11MX.XxX.Xx
$19M$X.XBX.XxX.Xx
$19M$X.XBX.XxX.Xx
$19M$X.XBX.XxX.Xx
$17M$X.XBX.XxX.Xx
$17M$X.XBX.XxX.Xx
$16M$X.XBX.XxX.Xx
$15M$X.XBX.XxX.Xx
$14M$X.XBX.XxX.Xx
$14M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$12M$X.XBX.XxX.Xx
$11M$X.XBX.XxX.Xx
$10M$X.XBX.XxX.Xx
$9M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$8M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$7M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$6M$X.XBX.XxX.Xx
$5M$X.XB$470KX.XxX.Xx
$5M$X.XBX.XxX.Xx
$5M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$4M$X.XBX.XxX.Xx
$4M$X.XB$27MX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$3M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$2M$X.XBX.XxX.Xx
$1M$X.XBX.XxX.Xx
$1M$X.XBX.XxX.Xx
$921K$X.XBX.XxX.Xx
$820K$X.XBX.XxX.Xx
$403K$X.XBX.XxX.Xx
$357K$X.XBX.XxX.Xx
$200K$X.XBX.XxX.Xx
$170K$X.XBX.XxX.Xx
$X.XBX.XxX.Xx
$X.XB$483MX.XxX.Xx
$X.XB$677MX.XxX.Xx
$X.XB$6BX.XxX.Xx

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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