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          "n": 16,
          "p25": 13.07,
          "p50": 16.55,
          "p75": 18.6
        },
        "ev_revenue": {
          "n": 17,
          "p25": 1.7,
          "p50": 3.4,
          "p75": 4.97
        }
      },
      "under_5m_ev": {
        "ev_ebitda": {
          "n": 11,
          "p25": 3.4,
          "p50": 3.6,
          "p75": 4.6
        },
        "ev_revenue": {
          "n": 25,
          "p25": 0.15,
          "p50": 0.2,
          "p75": 0.7
        }
      }
    },
    "medical-practice-specialty": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 12,
          "p25": 11.03,
          "p50": 12.25,
          "p75": 13.6
        },
        "ev_revenue": {
          "n": 10,
          "p25": 0.66,
          "p50": 2.55,
          "p75": 6.5
        }
      },
      "5m_25m_ev": {
        "ev_ebitda": {
          "n": 15,
          "p25": 5.1,
          "p50": 5.9,
          "p75": 8.2
        },
        "ev_revenue": {
          "n": 25,
          "p25": 0.95,
          "p50": 2.0,
          "p75": 2.7
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 28,
          "p25": 9.85,
          "p50": 14.3,
          "p75": 18.27
        },
        "ev_revenue": {
          "n": 19,
          "p25": 1.4,
          "p50": 1.6,
          "p75": 2.41
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 22,
          "p25": 0.35,
          "p50": 1.1,
          "p75": 2.05
        }
      }
    },
    "mental-health": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 21,
          "p25": 10.0,
          "p50": 13.5,
          "p75": 15.5
        },
        "ev_revenue": {
          "n": 11,
          "p25": 1.6,
          "p50": 2.7,
          "p75": 3.6
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 12,
          "p25": 1.24,
          "p50": 1.85,
          "p75": 3.97
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 12,
          "p25": 0.55,
          "p50": 0.9,
          "p75": 1.37
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 19,
          "p25": 8.4,
          "p50": 14.5,
          "p75": 18.2
        },
        "ev_revenue": {
          "n": 10,
          "p25": 0.83,
          "p50": 2.3,
          "p75": 4.23
        }
      }
    },
    "metal-fabrication": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 13,
          "p25": 4.44,
          "p50": 7.6,
          "p75": 12.54
        },
        "ev_revenue": {
          "n": 19,
          "p25": 0.68,
          "p50": 1.26,
          "p75": 2.29
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 14,
          "p25": 0.76,
          "p50": 1.11,
          "p75": 2.3
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 15,
          "p25": 0.67,
          "p50": 0.92,
          "p75": 1.43
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 26,
          "p25": 6.41,
          "p50": 7.75,
          "p75": 10.01
        },
        "ev_revenue": {
          "n": 26,
          "p25": 0.72,
          "p50": 1.52,
          "p75": 3.26
        }
      }
    },
    "oil-gas-services": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 49,
          "p25": 3.54,
          "p50": 4.71,
          "p75": 10.43
        },
        "ev_revenue": {
          "n": 55,
          "p25": 1.02,
          "p50": 1.73,
          "p75": 3.02
        }
      },
      "25m_100m_ev": {
        "ev_ebitda": {
          "n": 15,
          "p25": 2.23,
          "p50": 3.67,
          "p75": 7.53
        },
        "ev_revenue": {
          "n": 25,
          "p25": 0.58,
          "p50": 1.5,
          "p75": 2.51
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 16,
          "p25": 0.74,
          "p50": 1.14,
          "p75": 1.99
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 159,
          "p25": 4.98,
          "p50": 7.5,
          "p75": 11.35
        },
        "ev_revenue": {
          "n": 167,
          "p25": 1.81,
          "p50": 3.19,
          "p75": 6.05
        }
      }
    },
    "packaging": {
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 10,
          "p25": 0.43,
          "p50": 1.2,
          "p75": 1.87
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 19,
          "p25": 7.64,
          "p50": 9.9,
          "p75": 12.11
        },
        "ev_revenue": {
          "n": 18,
          "p25": 0.97,
          "p50": 1.31,
          "p75": 1.74
        }
      }
    },
    "pharmacy": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 11,
          "p25": 11.02,
          "p50": 13.3,
          "p75": 15.0
        },
        "ev_revenue": {
          "n": 12,
          "p25": 1.46,
          "p50": 2.16,
          "p75": 4.79
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 23,
          "p25": 0.7,
          "p50": 1.66,
          "p75": 3.97
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 11,
          "p25": 0.3,
          "p50": 0.72,
          "p75": 1.18
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 23,
          "p25": 11.8,
          "p50": 17.98,
          "p75": 20.7
        },
        "ev_revenue": {
          "n": 18,
          "p25": 0.26,
          "p50": 1.0,
          "p75": 2.28
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 13,
          "p25": 0.18,
          "p50": 0.43,
          "p75": 1.16
        }
      }
    },
    "physical-therapy": {
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 14,
          "p25": 1.4,
          "p50": 1.65,
          "p75": 3.37
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 30,
          "p25": 1.95,
          "p50": 2.35,
          "p75": 2.81
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 13,
          "p25": 9.84,
          "p50": 14.3,
          "p75": 15.0
        },
        "ev_revenue": {
          "n": 10,
          "p25": 0.82,
          "p50": 1.62,
          "p75": 2.95
        }
      }
    },
    "plastics": {
      "100m_500m_ev": {
        "ev_revenue": {
          "n": 19,
          "p25": 1.5,
          "p50": 1.79,
          "p75": 2.36
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 16,
          "p25": 0.98,
          "p50": 1.36,
          "p75": 1.96
        }
      }
    },
    "radio-television": {
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 16,
          "p25": 6.7,
          "p50": 8.27,
          "p75": 11.81
        },
        "ev_revenue": {
          "n": 15,
          "p25": 1.63,
          "p50": 3.21,
          "p75": 4.83
        }
      }
    },
    "restaurant-qsr": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 16,
          "p25": 7.29,
          "p50": 9.89,
          "p75": 16.98
        },
        "ev_revenue": {
          "n": 20,
          "p25": 0.88,
          "p50": 1.13,
          "p75": 1.6
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 22,
          "p25": 9.15,
          "p50": 11.49,
          "p75": 15.99
        },
        "ev_revenue": {
          "n": 21,
          "p25": 1.51,
          "p50": 1.72,
          "p75": 1.98
        }
      }
    },
    "saas": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 21,
          "p25": 11.46,
          "p50": 15.12,
          "p75": 27.2
        },
        "ev_revenue": {
          "n": 72,
          "p25": 2.34,
          "p50": 4.52,
          "p75": 7.18
        }
      },
      "25m_100m_ev": {
        "ev_ebitda": {
          "n": 11,
          "p25": 5.93,
          "p50": 15.53,
          "p75": 19.06
        },
        "ev_revenue": {
          "n": 64,
          "p25": 1.35,
          "p50": 2.71,
          "p75": 5.7
        }
      },
      "5m_25m_ev": {
        "ev_ebitda": {
          "n": 15,
          "p25": 8.7,
          "p50": 11.14,
          "p75": 19.33
        },
        "ev_revenue": {
          "n": 61,
          "p25": 0.95,
          "p50": 2.19,
          "p75": 3.38
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 37,
          "p25": 15.76,
          "p50": 27.94,
          "p75": 39.63
        },
        "ev_revenue": {
          "n": 107,
          "p25": 4.53,
          "p50": 7.39,
          "p75": 10.47
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 32,
          "p25": 0.72,
          "p50": 1.45,
          "p75": 2.88
        }
      }
    },
    "software-enterprise": {
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 11,
          "p25": 0.82,
          "p50": 1.66,
          "p75": 2.78
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 11,
          "p25": 15.35,
          "p50": 22.35,
          "p75": 30.1
        },
        "ev_revenue": {
          "n": 28,
          "p25": 4.59,
          "p50": 6.7,
          "p75": 10.91
        }
      }
    },
    "specialty-contractor": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 13,
          "p25": 6.92,
          "p50": 8.48,
          "p75": 11.41
        },
        "ev_revenue": {
          "n": 24,
          "p25": 0.83,
          "p50": 1.09,
          "p75": 1.72
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 20,
          "p25": 0.89,
          "p50": 0.95,
          "p75": 1.74
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 28,
          "p25": 0.48,
          "p50": 0.72,
          "p75": 0.97
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 14,
          "p25": 7.12,
          "p50": 9.05,
          "p75": 12.56
        },
        "ev_revenue": {
          "n": 14,
          "p25": 1.48,
          "p50": 1.78,
          "p75": 2.56
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 12,
          "p25": 0.47,
          "p50": 0.53,
          "p75": 0.84
        }
      }
    },
    "specialty-retail": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 13,
          "p25": 4.04,
          "p50": 8.47,
          "p75": 12.27
        },
        "ev_revenue": {
          "n": 19,
          "p25": 0.3,
          "p50": 0.55,
          "p75": 1.32
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 14,
          "p25": 0.32,
          "p50": 0.89,
          "p75": 1.74
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 14,
          "p25": 0.57,
          "p50": 0.77,
          "p75": 1.25
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 25,
          "p25": 4.82,
          "p50": 6.58,
          "p75": 14.75
        },
        "ev_revenue": {
          "n": 32,
          "p25": 0.41,
          "p50": 0.78,
          "p75": 1.92
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 10,
          "p25": 0.39,
          "p50": 0.99,
          "p75": 5.18
        }
      }
    },
    "staffing-agency": {
      "over_500m_ev": {
        "ev_revenue": {
          "n": 10,
          "p25": 1.55,
          "p50": 3.32,
          "p75": 6.29
        }
      }
    },
    "trucking": {
      "100m_500m_ev": {
        "ev_revenue": {
          "n": 16,
          "p25": 0.5,
          "p50": 1.01,
          "p75": 1.29
        }
      },
      "25m_100m_ev": {
        "ev_revenue": {
          "n": 13,
          "p25": 0.31,
          "p50": 0.64,
          "p75": 1.4
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 10,
          "p25": 5.29,
          "p50": 6.7,
          "p75": 10.19
        },
        "ev_revenue": {
          "n": 14,
          "p25": 0.37,
          "p50": 0.9,
          "p75": 1.69
        }
      }
    },
    "veterinary-practice": {
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 16,
          "p25": 15.82,
          "p50": 19.05,
          "p75": 24.1
        }
      }
    },
    "wholesale-distribution": {
      "100m_500m_ev": {
        "ev_ebitda": {
          "n": 19,
          "p25": 5.8,
          "p50": 9.61,
          "p75": 11.86
        },
        "ev_revenue": {
          "n": 43,
          "p25": 0.43,
          "p50": 0.7,
          "p75": 1.31
        }
      },
      "25m_100m_ev": {
        "ev_ebitda": {
          "n": 17,
          "p25": 4.78,
          "p50": 6.84,
          "p75": 8.7
        },
        "ev_revenue": {
          "n": 40,
          "p25": 0.42,
          "p50": 0.65,
          "p75": 1.27
        }
      },
      "5m_25m_ev": {
        "ev_revenue": {
          "n": 34,
          "p25": 0.35,
          "p50": 0.54,
          "p75": 0.83
        }
      },
      "over_500m_ev": {
        "ev_ebitda": {
          "n": 51,
          "p25": 8.87,
          "p50": 10.73,
          "p75": 13.42
        },
        "ev_revenue": {
          "n": 60,
          "p25": 0.61,
          "p50": 1.31,
          "p75": 1.89
        }
      },
      "under_5m_ev": {
        "ev_revenue": {
          "n": 19,
          "p25": 0.26,
          "p50": 0.51,
          "p75": 1.26
        }
      }
    }
  },
  "generated_at": "2026-05-24T03:30:06Z",
  "license": "MIT (code) / CC-BY 4.0 (data). Cite https://exitvalue.ai if used in publications.",
  "methodology": "Aggregate medians/quartiles of disclosed M&A multiples by sub-vertical x EV-bracket. Only post-2018 deals from SEC EDGAR + verified press releases. Cells require n >= 10 per metric. Outliers (EV/EBITDA outside [0.5, 60.0]; EV/Revenue outside [0.05, 25.0]) excluded. Sub-verticals tagged 'other' or 'other-*' excluded.",
  "min_cell_n": 10,
  "schema_version": "1.0",
  "source_window": "2018-2026"
}