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Net debt / EBITDA at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
2.9×-1.0×
Cardinal Health logo
Cardinal HealthCAH
1.5×+0.1×
Medline, Inc.
 logo
Medline, Inc. MDLN
5.3×
Viatris logo
ViatrisVTRS
4.3×
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
2.6×-1.0×
Amcor logo
AmcorAMCR
5.2×+1.4×

Other financials

Income statement

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Revenue$844.9M+21.1%
Gross profit$296.4M+27.8%
Operating income$177.1M+65.5%
Net income$138.8M+54.6%
EPS (diluted)$1.92+56.1%

Balance sheet

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Cash & equivalents$521.4M+29.0%
Total debt$321.0M+4.4%
Total equity$3.0B+11.5%
Total assets$4.1B+13.6%

Cash flow

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Operating cash flow$89.9M-30.5%
CapEx$42.7M-40.1%
Free cash flow$47.2M-18.8%

Valuation

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Market cap$22.86B+11.6%
Enterprise value$22.66B+11.1%
P/E42.1×-1.7×
P/S7.1×0.0×

Profitability

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Gross margin36.3%+1.7pp
Operating margin20.3%+1.2pp
Net margin16.8%+0.7pp

Returns & leverage

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Return on equity19.1%+1.7pp
Debt / equity0.1×0.0×
Current ratio2.7×-0.1×

Where this comes from

Calculated from West Pharmaceutical Services’s reported figures.

Based on the most recent quarter.

The official record: West Pharmaceutical Services’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is West Pharmaceutical Services's net debt / EBITDA?
West Pharmaceutical Services (WST) reported net debt / EBITDA of -0.2× in Q1 2026.
How has West Pharmaceutical Services's net debt / EBITDA changed year-over-year?
West Pharmaceutical Services's net debt / EBITDA decreased by 77.6% year-over-year, from -0.1× to -0.2×.
What is the long-term trend for West Pharmaceutical Services's net debt / EBITDA?
Over 4 years (2021 to 2025), West Pharmaceutical Services's net debt / EBITDA has grown at a -2.3% compound annual growth rate (CAGR), from -1.6× to -1.5×.
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.