Hut 8 (HUT) EV to EBITDA (2023 - 2025)
Hut 8's (HUT) EV to EBITDA was 8.23 for Q3 2025, up 69.6% from 4.85 a year earlier and up 69.2% from the prior quarter.
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Analysis
Hut 8 (HUT) EV to EBITDA (2023 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2025, Hut 8's EV to EBITDA came in at 7.36, up 89.9% year-over-year; for FY2024, it was 3.85, down 82.1% from FY2023.
- By year, EV to EBITDA came in at 21.52 in FY2023.
- Five-year quarterly EV to EBITDA spans a low of 3.20 in Q1 2024 and a high of 22.19 in Q4 2023.
- Year over year, EV to EBITDA gained in two of the last four quarters, with growth averaging 60.3%.
- Per Business Quant data, the three quarters before Q3 2025 came in at 4.87 (Q2 2025), 11.62 (Q1 2025) and 3.85 (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | PayPal Holdings | 48.14 Bn | 6.36 Bn | - |
| 2 | Block | 44.55 Bn | 15.85 Bn | 3.17 Bn |
| 3 | Coinbase Global | 42.01 Bn | -1.19 Bn | - |
| 4 | Corpay | 26.17 Bn | 16.06 Bn | - |
| 5 | Fiserv | 25.73 Bn | 22.41 Bn | 2.90 Bn |
| 6 | Global Payments | 22.10 Bn | -111.04 Mn | 2.03 Bn |
| 7 | Guidewire Software | 15.51 Bn | 12.07 Bn | 269.68 Mn |
| 8 | Jack Henry & Associates | 11.67 Bn | 11.57 Bn | 273.85 Mn |
| 9 | Bitmine Immersion Technologies | 11.56 Bn | 8.94 Bn | 40.81 Mn |
| 10 | Hut 8 | 7.45 Bn | 6.98 Bn | 48.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 8.22 |
| Jun 30, 2025 | 4.85 |
| Mar 31, 2025 | 11.29 |
| Dec 31, 2024 | 3.82 |
| Sep 30, 2024 | 4.77 |
| Jun 30, 2024 | 5.37 |
| Mar 31, 2024 | 3.23 |
| Dec 31, 2023 | 25.07 |
| Sep 30, 2023 | 18.87 |
API Access
Hut 8 EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=HUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "HUT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=HUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();