Public Comps and Valuation Multiples for HealthTech

Benchmark revenue and EBITDA valuation multiples for public comps like
Johnson & Johnson, UnitedHealth Group, Siemens, Thermo Fisher Scientific and Abbott.

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HealthTech

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$609B$642B$98B6.5x17.5x
$387B$434B$447B1.0x15.4x
$236B$273B$94B2.9x16.2x
$198B$238B$46B5.1x20.2x
$175B$202B$48B4.2x15.9x
$144B$157B$25B6.2x19.7x
$123B$134B$26B5.1x18.0x
$122B$114B$11B10.4x23.7x
$106B$125B$37B3.4x12.2x
$65B$75B$21B3.6x11.4x
$49B$46B$6.4B7.2x23.4x
$45B$43B$27B1.6x8.3x
$45B$46B$4.5B10.1x28.5x
$39B$38B$2.6B14.8x(169.0x)
$37B$39B$7.3B5.3x18.2x
$37B$47B$8.2B5.7x14.3x
$36B$41B$5B8.3x25.1x
$34B$48B$17B2.9x12.4x
$32B$25B$3.4B7.2x15.9x
$30B$29B$5B5.7x19.0x
$29B$28B$5.7B5.0x12.9x
$29B$37B$21B1.7x9.8x
$27B$24B$5.1B4.8x14.6x
$27B$33B$21B1.6x9.3x
$26B$29B$4.1B6.9x22.1x
$23B$11B
$23B$14B
$21B$6.1B
$21B$3.6B
$21B$1.2B
$20B-
$18B$8.4B
$17B$22B
$15B$2.7B
$15B$12B
$15B$4.6B
$15B$3.5B
$14B$8.3B
$14B$1.4B
$14B$185M
$13B$2.3B
$13B$6.4B
$13B$8.1B
$13B$23B
$13B$4.1B
$12B$2.8B
$12B$45B
$12B$6.5B
$11B$3B
$11B$995M
$10B$3.1B
$9.8B$4.8B
$9.4B-
$9.4B$1.4B
$9.2B$574M
$8.9B$3.5B
$8.8B$15B
$8.5B$2.1B
$8.5B$6.2B
$8.2B$2.6B
$8.2B$1.4B
$7.9B$2.3B
$7.6B$2.6B
$7.6B$7.7B
$7.4B$3.6B
$7B$1.5B
$6.9B$5.2B
$6.6B$2.2B
$6.6B$823M
$6.6B$3.8B
$6.5B$7.2B
$6.2B$741M
$6.1B$914M
$6.1B$713M
$6.1B$3.2B
$6B$2.2B
$5.8B$885M
$5.7B$2.8B
$5.6B$2.5B
$5.5B$382M
$5.5B$1.6B
$5.4B-
$5.3B$1B
$5.2B$716M
$5.2B$1.4B
$5.2B$994M
$4.9B$2.3B
$4.8B$1.1B
$4.8B$3.2B
$4.7B$555M
$4.6B$1.4B
$4.4B$4.3B
$4.4B$1.5B
$4.4B$1.6B
$4.4B$2.8B
$4.3B$1.2B
$4.3B$431M
$4.3B$4.6B
$4.2B-
$4.2B$2B
$4.1B$1.4B
$4B$1.2B
$4B$1.4B
$3.9B$133M
$3.9B$2.2B
$3.9B$1B
$3.9B$652M
$3.6B$820M
$3.6B$1.1B
$3.5B$1.4B
$3.5B$892M
$3.4B$999M
$3.4B$831M
$3.4B$2.3B
$3.3B$2.8B
$3.3B-
$3.2B$1.8B
$3.1B-
$3.1B$164M
$3B$2.5B
$3B$228M
$3B$440M
$2.9B$302M
$2.8B$1.1B
$2.8B$977M
$2.7B$835M
$2.7B$414M
$2.7B$646M
$2.6B$675M
$2.5B$1.3B
$2.4B$2.5B
$2.4B$1.1B
$2.4B$413M
$2.3B$266M
$2.3B$1.7B
$2.2B$1.5B
$2.1B$607M
$2.1B$250M
$2.1B$1.2B
$2.1B$421M
$2.1B$309M
$2B$1.1B
$2B$832M
$2B$2.1B
$2B$273M
$2B$2M
$1.9B$43M
$1.9B$767M
$1.9B$455M
$1.9B$623M
$1.9B$877M
$1.8B$524M
$1.8B$684M
$1.8B$95M
$1.8B$573M
$1.7B$1.7B
$1.7B$109M
$1.7B$978M
$1.7B$1.1B
$1.7B$2.5B
$1.7B$1.5B
$1.7B$1M
$1.6B$224M
$1.6B$1.1B
$1.6B-
$1.6B$3.5B
$1.6B$557M
$1.6B$455M
$1.6B$549M
$1.6B$2.3B
$1.5B$1.5B
$1.5B$698M
$1.5B$332M
$1.5B$697M
$1.5B$1.7B
$1.5B$3.4B
$1.5B$875M
$1.4B$69M
$1.4B$377M
$1.4B-
$1.4B$74M
$1.4B$144M
$1.3B$1.9B
$1.3B$291M
$1.3B$1.4B
$1.3B$373M
$1.3B$1B
$1.3B$720M
$1.3B$336M
$1.3B$395M
$1.3B$360M
$1.2B$88M
$1.2B$414M
$1.2B$665K
$1.2B$466M
$1.2B$368M
$1.2B$2.7B
$1.2B$1.4B
$1.2B$1B
$1.2B$706M
$1.2B$1.5B
$1.2B$345M
$1.1B$244M
$1.1B$812M
$1.1B$878M
$1.1B$79M
$1.1B$216M
$1.1B$357M
$1.1B$408M
$1.1B-
$1.1B$156M
$1.1B$785M
$1B$366M
$1B$6.1B
$1B$180M
$1B$58M
$1B$749M
$971M$455M
$958M$204M
$943M$1.6B
$916M$393M
$902M$569M
$900M$488M
$889M$370M
$874M$258M
$871M$243M
$858M$821M
$853M$2.3B
$832M$317M
$822M$6M
$820M$319M
$818M$589M
$798M$239M
$780M$98M
$779M$44M
$775M$990K
$771M$218M
$770M$118M
$764M$524M
$759M$164M
$733M$283M
$733M$349M
$710M$103M
$710M$1.1B
$707M-
$687M$352M
$662M$1.9B
$662M$496M
$659M$151M
$654M$2.2B
$648M$349M
$646M$1.5B
$641M$338M
$640M$128M
$636M-
$628M$244M
$623M$61M
$613M$149M
$606M-
$601M-
$599M$205M
$591M$379M
$581M$286M
$577M-
$575M$260M
$571M$207M
$559M$720M
$558M$322M
$549M$100M
$548M$560M
$545M-
$541M$252M
$539M-
$518M$981M
$518M$586M
$517M-
$510M-
$505M$63M
$504M$213M
$499M-
$494M$252M
$492M$86M
$476M-
$474M-
$474M$108M
$470M$646M
$468M$834M
$467M-
$466M$296M
$464M-
$454M$46M
$445M$33M
$445M$866M
$444M$52M
$443M$95M
$429M$77M
$424M$711M
$419M$565M
$418M$152M
$417M-
$417M-
$400M$42M
$399M$1M
$394M$343M
$384M$299M
$383M$265M
$376M-
$369M$82M
$364M$82M
$356M$84M
$352M$134M
$349M$74M
$341M$607K
$335M$67M
$330M-
$329M-
$325M$88M
$320M$87M
$313M$893M
$313M$293M
$311M-
$308M$516M
$306M$156M
$305M$257M
$301M-
$301M$63M
$280M$209M
$278M$298M
$274M$82M
$266M$118M
$263M$49M
$249M$67M
$243M$199M
$243M$375M
$239M$28M
$236M$1M
$230M$135M
$229M$111M
$222M$140M
$222M$147M
$221M$224M
$220M-
$219M$16M
$215M$194M
$209M$13M
$208M$101M
$206M$196M
$205M-
$201M$209M
$196M$10M
$190M$24M
$187M$10M
$183M-
$183M$62M
$182M$156M
$182M$77M
$181M$6M
$181M$56M
$181M$103M
$180M$144M
$180M$2M
$178M$360M
$176M-
$172M-
$171M$81M
$168M$41M
$166M$285M
$160M$106M
$159M$63M
$159M$28M
$157M$31M
$152M-
$147M$71M
$146M$668M
$144M$38M
$143M$512M
$142M-
$142M$64M
$141M-
$138M$10M
$137M$387M
$134M$122M
$133M$25M
$130M$61M
$129M$39M
$129M-
$128M$48M
$127M$1.7B
$126M$31M
$126M$103M
$120M-
$119M$16M
$119M-
$113M-
$113M$39M
$113M$43M
$112M-
$110M$30M
$108M-
$106M$69M
$105M$4M
$105M-
$105M$16M
$103M$95M
$102M$37M
$102M$166M
$101M-
$101M$180K
$99M$126M
$97M-
$94M-
$94M$17M
$92M$10M
$92M$33M
$91M$273M
$89M$22M
$86M-
$86M$6M
$83M$14M
$83M-
$80M$52M
$80M$233K
$80M$232M
$79M$298M
$79M-
$78M$123M
$78M$20M
$77M$85M
$75M$5M
$74M$41M
$72M-
$71M$11M
$70M$1.2B
$70M-
$69M-
$68M-
$65M$108M
$64M-
$64M$20M
$64M$10M
$63M$117M
$62M$14M
$62M-
$60M$7M
$59M$91M
$59M$12M
$57M-
$57M-
$56M$24M
$56M-
$55M-
$55M$4M
$54M$219K
$54M-
$54M-
$53M$24M
$53M$9M
$52M$166M
$52M-
$52M$25M
$50M-
$50M$20M
$50M-
$50M$24M
$49M-
$49M$25M
$48M$45M
$48M-
$47M$486M
$47M-
$46M$19M
$46M$692K
$45M-
$44M-
$43M$2M
$43M$12M
$41M-
$41M-
$41M$39M
$41M-
$40M$7M
$39M$32M
$39M-
$39M-
$38M$31M
$37M$6M
$37M$43M
$37M-
$36M$9M
$35M$62M
$35M-
$34M-
$34M-
$33M$5M
$33M$10M
$33M$84M
$33M-
$32M$13M
$32M$4M
$31M$1M
$31M$454K
$31M$407M
$31M-
$31M$55M
$30M-
$29M-
$28M$88M
$28M$48M
$28M-
$27M-
$27M-
$27M-
$26M$12M
$26M-
$26M-
$26M-
$24M-
$24M-
$23M$38M
$23M$14M
$22M$25M
$22M-
$21M-
$21M-
$20M-
$20M$10M
$20M-
$19M$12M
$19M-
$19M-
$19M-
$19M$160M
$18M-
$18M-
$18M$7M
$17M$17M
$17M$26M
$16M-
$16M-
$16M-
$16M$3M
$16M$53M
$16M-
$16M$51M
$15M$11M
$15M-
$15M-
$15M-
$15M-
$14M-
$14M-
$14M-
$14M-
$14M$51M
$13M-
$13M-
$13M-
$13M$30M
$13M$16M
$13M-
$13M$220K
$13M$15M
$13M$5M
$12M$4M
$12M$39M
$12M-
$12M$20M
$12M-
$11M-
$11M-
$10M$2M
$10M$19M
$10M$3M
$10M-
$10M-
$10M-
$9M-
$9M$4M
$9M$622K
$9M-
$9M-
$9M-
$9M-
$9M-
$8M-
$8M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M$5M
$7M-
$7M-
$6M-
$6M$6M
$6M$276M
$6M-
$6M-
$6M$990K
$5M-
$5M-
$5M-
$5M-
$5M-
$5M-
$5M-
$5M-
$5M$2M
$4M-
$4M-
$4M-
$4M-
$4M$1M
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$1M-
$1M-
$1M-
$966K-
$932K-
$931K-
$877K-
$623K-
$492K-
$461K-
$293K-
$198K$75M
$151K-
$64K-
$3K-
$2K-
$2K-
$1K-
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