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Netflix NFLX Net debt / EBITDA

Net debt / EBITDA at other companies

GHC
Graham HoldingsGHC
3.7×-0.3×
Apple logo
AppleAAPL
0.2×-0.2×
Electronic Arts logo
Electronic ArtsEA
-1.7×+5.0×
Amazon logo
AmazonAMZN
0.9×+0.2×
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
4.4×+0.1×
Nexstar Media Group, Inc. logo
Nexstar Media Group, Inc.NXST
8.6×

Other financials

Income statement

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Revenue$12.6B+13.4%
Gross profit$6.5B+13.4%
Operating income$4.2B+11.1%
Net income$3.4B+8.8%
EPS (diluted)$0.72-90.0%

Balance sheet

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Cash & equivalents$9.1B+11.3%
Total debt$14.3B-15.5%
Total equity$30.2B+20.8%
Total assets$58.5B+10.1%

Cash flow

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Operating cash flow$1.7B-28.0%
CapEx$218.6M+40.3%
Free cash flow$1.5B-32.7%

Valuation

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Market cap$298.6B-40.0%
Enterprise value$303.81B-40.0%
P/E21.9×-26.7×
P/S6.2×-5.8×

Profitability

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Gross margin49.1%+0.6pp
Operating margin29.7%+0.2pp
Net margin28.2%+3.6pp
FCF margin23.1%+2.7pp

Returns & leverage

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Return on equity49.5%+6.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Netflix’s reported figures.

Based on the most recent quarter.

The source filing: Netflix’s 10-Q, filed April 17, 2026. Open the filing →

Filed
Apr 17, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001065280-26-000138

FAQ

What is Netflix's net debt / EBITDA?
Netflix (NFLX) reported net debt / EBITDA of 0.3× in Q1 2026.
How has Netflix's net debt / EBITDA changed year-over-year?
Netflix's net debt / EBITDA decreased by 64.9% year-over-year, from 0.9× to 0.3×.
What is the long-term trend for Netflix's net debt / EBITDA?
Over 5 years (2020 to 2025), Netflix's net debt / EBITDA has grown at a -23.3% compound annual growth rate (CAGR), from 2.2× to 0.6×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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