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Vertex Pharmaceuticals VRTX Net debt / EBITDA

Net debt / EBITDA at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.7×-0.1×
Merck & Co. logo
Merck & Co.MRK
+1.7×
Roivant Sciences logo
Roivant SciencesROIV
-0×
Johnson & Johnson logo
Johnson & JohnsonJNJ
+0.5×
Viatris logo
ViatrisVTRS
4.3×
Royalty Pharma logo
Royalty PharmaRPRX
5.2×+1.4×

Other financials

Income statement

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Revenue$3.0B+7.8%
Gross profit$2.6B+7.8%
Operating income$1.1B+80.6%
Net income$1.0B+59.6%
EPS (diluted)$4.02+61.5%

Balance sheet

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Cash & equivalents$5.5B+17.5%
Total debt$2.0B+20.5%
Total equity$19.4B+17.4%
Total assets$26.5B+15.8%

Cash flow

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Operating cash flow$1.4B+74.4%
CapEx$133.4M+228%
Free cash flow$1.3B+66.4%

Valuation

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Market cap$114.63B-8.9%
Enterprise value$111.11B-9.5%
P/E26.4×
P/S9.4×-2.0×

Profitability

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Gross margin86.2%+0.2pp
Operating margin38.3%
Net margin35.5%

Returns & leverage

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Return on equity24.2%
Debt / equity0.1×0.0×
Current ratio+0.4×

Where this comes from

Calculated from Vertex Pharmaceuticals’s reported figures.

Based on the most recent quarter.

The official record: Vertex Pharmaceuticals’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vertex Pharmaceuticals's net debt / EBITDA?
Vertex Pharmaceuticals (VRTX) reported net debt / EBITDA of -0.7× in Q1 2026.
What is the long-term trend for Vertex Pharmaceuticals's net debt / EBITDA?
Over 2 years (2021 to 2023), Vertex Pharmaceuticals's net debt / EBITDA has grown at a 35.1% compound annual growth rate (CAGR), from -2.6× to -4.7×.
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.