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LPL Financial Holdings LPLA Net debt / EBITDA

Net debt / EBITDA at other companies

Charles Schwab Corporation logo
Charles Schwab CorporationSCHW
-3.3×+2.7×
Ameriprise Financial logo
Ameriprise FinancialAMP
-2.5×+0.3×
T Rowe Price Group logo
T Rowe Price GroupTROW
-1.3×+0.7×
BEN
Franklin ResourcesBEN
3.4×-1.6×
Northern Trust logo
Northern TrustNTRS
0.1×0.0×
PNC Financial Services logo
PNC Financial ServicesPNC
1.8×+0.6×

Other financials

Income statement

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Revenue$4.9B+34.6%
Net income$356.4M+11.9%
EPS (diluted)$4.43+4.5%

Balance sheet

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Cash & equivalents$2.9B+1.8%
Total debt$7.4B+24.4%
Total equity$5.7B+82.0%
Total assets$18.8B+34.9%

Cash flow

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Operating cash flow$290.4M-14.5%
CapEx$165.8M+38.8%
Free cash flow$124.6M-43.4%

Valuation

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Market cap$24.35B-1.3%
Enterprise value$28.86B+4.0%
P/E27×+4.4×
P/S1.3×-0.5×

Profitability

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Net margin4.9%-3.3pp

Returns & leverage

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Return on equity20.5%-19.9pp
Debt / equity1.3×-0.6×

Where this comes from

Calculated from LPL Financial Holdings’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is LPL Financial Holdings's net debt / EBITDA?
LPL Financial Holdings (LPLA) reported net debt / EBITDA of 2.2× in Q1 2026.
How has LPL Financial Holdings's net debt / EBITDA changed year-over-year?
LPL Financial Holdings's net debt / EBITDA increased by 45.8% year-over-year, from 1.5× to 2.2×.
What is the long-term trend for LPL Financial Holdings's net debt / EBITDA?
Over 4 years (2021 to 2025), LPL Financial Holdings's net debt / EBITDA has grown at a 9.3% compound annual growth rate (CAGR), from 5× to 7.1×.
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.