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Net debt / EBITDA at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$1.2B+30.0%
Gross profit$1.1B+23.1%
Operating income$526.7M+18.5%
Net income$403.6M+18.1%
EPS (diluted)$0.99+13.8%

Balance sheet

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Cash & equivalents$104.8M-19.2%
Total debt$9.1B+30.4%
Total assets$16.3B+34.2%

Cash flow

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Operating cash flow$534.7M-5.2%
CapEx$270.3M+51.3%
Free cash flow$264.4M-31.4%

Valuation

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Market cap$19.07B+24.0%
Enterprise value$28.09B+26.3%
P/E14.9×+2.8×
P/S4.4×+0.2×

Profitability

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Gross margin92.1%-3.7pp
Operating margin40.2%-5.4pp
Net margin29.6%-5.0pp
FCF margin28.1%-11.4pp

Returns & leverage

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Current ratio0.9×-0.4×

Where this comes from

Calculated from Western Midstream Partners’s reported figures.

Based on the most recent quarter.

The source filing: Western Midstream Partners’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001423902-26-000093

FAQ

What is Western Midstream Partners's net debt / EBITDA?
Western Midstream Partners (WES) reported net debt / EBITDA of 3.6× in Q2 2026.
How has Western Midstream Partners's net debt / EBITDA changed year-over-year?
Western Midstream Partners's net debt / EBITDA increased by 22.5% year-over-year, from 2.9× to 3.6×.
What is the long-term trend for Western Midstream Partners's net debt / EBITDA?
Over 5 years (2020 to 2025), Western Midstream Partners's net debt / EBITDA has grown at a -8.7% compound annual growth rate (CAGR), from 5.5× to 3.5×.
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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