What is Illumina's net debt / EBITDA?

Illumina (ILMN) reported net debt / EBITDA of 0.9× in Q1 2026.

What does net debt / EBITDA mean?

How many years of operating earnings it would take to pay off the company's net debt.

How do you interpret net debt / EBITDA?

Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.

How does net debt / EBITDA compare across companies?

A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.

Illumina ILMN Net debt / EBITDA

Net debt / EBITDA at other companies

Thermo Fisher ScientificTMO

3.2×-0.2×

Agilent TechnologiesA

0.9×-0.3×

DanaherDHR

1.9×-0.2×

AbbottABT

2.5×+1.9×

IncyteINCY

-2×-0.8×

Intuitive SurgicalISRG

-0.8×-0.3×

Other financials

Income statement

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Revenue$1.1B+4.8%

Gross profit$721.0M+5.6%

Operating income$209.0M+27.4%

Net income$134.0M+2.3%

EPS (diluted)$0.87+6.1%

Balance sheet

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Cash & equivalents$1.1B-2.2%

Total debt$2.0B-3.0%

Total equity$2.7B+13.0%

Total assets$6.6B+6.1%

Cash flow

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Operating cash flow$289.0M+20.4%

CapEx$38.0M+18.8%

Free cash flow$251.0M+20.7%

Valuation

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Market cap$24.07B+50.0%

Enterprise value$25.03B+46.0%

P/E28.2×—

P/S5.5×+1.8×

Profitability

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Gross margin66.2%-0.1pp

Operating margin19.4%—

Net margin19.4%+12.7pp

Returns & leverage

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Return on equity33.8%+23.9pp

Debt / equity0.8×-0.1×

Current ratio1.7×-0.1×

Where this comes from

Calculated from Illumina’s reported figures.

net debt/ebitda=0.9×

Based on the most recent quarter.

The official record: Illumina’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Illumina's net debt / EBITDA?: Illumina (ILMN) reported net debt / EBITDA of 0.9× in Q1 2026.
What does net debt / EBITDA mean?: How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?: Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?: A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.