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Netflix NFLX Net debt / EBITDA

Net debt / EBITDA at other companies

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
4.3×+0.1×
Comcast logo
ComcastCMCSA
2.6×0.0×
EchoStar logo
EchoStarSATS
20×+14.2×

Other financials

Income statement

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Revenue$12.2B+16.2%
Gross profit$6.4B+20.5%
Operating income$4.0B+18.2%
Net income$5.3B+82.8%
EPS (diluted)$1.23+86.4%

Balance sheet

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Cash & equivalents$12.3B+70.3%
Total debt$16.7B-3.9%
Total equity$31.1B+29.5%
Total assets$61.0B+17.1%

Cash flow

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Operating cash flow$5.3B+89.7%
CapEx$196.1M+52.9%
Free cash flow$5.1B+91.4%

Valuation

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Market cap$324.06B+1.8%
Enterprise value$328.55B+0.3%
P/E24.2×-10.1×
P/S6.9×-1.0×

Profitability

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Gross margin49%+2.1pp
Operating margin29.7%+2.0pp
Net margin28.5%+5.4pp

Returns & leverage

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Return on equity48.5%+7.7pp
Debt / equity0.5×-0.2×
Current ratio1.4×+0.2×

Where this comes from

Calculated from Netflix’s reported figures.

net debt/ebitda=0.3×

Based on the most recent quarter.

The official record: Netflix’s 10-Q, filed April 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 4 years (2021 to 2025), Netflix's net debt / EBITDA has grown at a -19.9% compound annual growth rate (CAGR), from 6.7× to 2.8×.
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.