How Does Netflix Stock Compare With Peers?
Netflix stock posted a modest 2% return over the past year. How does it stack up against tech giants and evolving streaming rivals, especially after its bold Warner Bros. acquisition? A closer look reveals strong revenue growth, impressive profitability, and solid cash flow. However, an exceptionally high PE ratio, along with regulatory hurdles for the WBD deal and intense streaming competition, suggests a premium valuation and potential limits to significant near-term upside.
- NFLX’s 29.1% operating margin, high among peers, signals efficient content scaling and operations but trails AAPL’s 31.9% driven by high-margin services.
- NFLX’s 15.4% revenue growth, fueled by global subscribers and new ad tiers, outpaces diversified tech and struggling entertainment peers.
- NFLX’s 1.5% stock gain lagged peers; its 487.8 PE ratio reflects high investor growth expectations, despite recent modest returns.
Here’s how Netflix stacks up across size, valuation, and profitability versus key peers.
| NFLX | AAPL | AMZN | FUBO | AMC | RDI | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 393.5 | 4,154.6 | 2,465.4 | 0.9 | 1.1 | 0.0 |
| Revenue ($ Bil) | 43.4 | 408.6 | 670.0 | 1.6 | 4.9 | 0.2 |
| PE Ratio | 487.8 | 38.2 | 33.1 | 11.6 | -2.3 | -2.4 |
| LTM Revenue Growth | 15.4% | 6.0% | 10.9% | 1.7% | 9.7% | 7.1% |
| LTM Operating Margin | 29.1% | 31.9% | 11.4% | -5.3% | -0.5% | -1.3% |
| LTM FCF Margin | 20.7% | 23.5% | 2.0% | 7.8% | -6.1% | 1.0% |
| 12M Market Return | 1.5% | 13.0% | 3.0% | 58.3% | -50.3% | -21.3% |
For more details on Netflix, read Buy or Sell NFLX Stock. Below we compare NFLX’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| NFLX | 15.4% | 15.6% | 6.7% | 6.5% |
| AAPL | 6.0% | 2.0% | -2.8% | 7.8% |
| AMZN | 10.9% | 11.0% | 11.8% | 9.4% |
| FUBO | 1.7% | 18.6% | 35.6% | 58.0% |
| AMC | 9.7% | -3.6% | 23.0% | 54.7% |
| RDI | 7.1% | -5.5% | 9.7% | 46.1% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| NFLX | 29.1% | 26.7% | 20.6% | 17.8% |
| AAPL | 31.9% | 31.5% | 29.8% | 30.3% |
| AMZN | 11.4% | 10.8% | 6.4% | 2.4% |
| FUBO | -5.3% | -11.8% | -21.1% | -40.8% |
| AMC | -0.5% | -0.1% | 0.8% | -9.2% |
| RDI | -1.3% | -6.7% | -5.4% | -13.3% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| NFLX | 487.8 | 439.5 | 397.5 | 291.9 |
| AAPL | 38.2 | 41.0 | 31.3 | 21.1 |
| AMZN | 33.1 | 38.8 | 51.5 | -314.4 |
| FUBO | 11.6 | -2.3 | -3.1 | -0.6 |
| AMC | -2.3 | -3.8 | -2.6 | -3.9 |
| RDI | -2.4 | -0.8 | -1.4 | -1.7 |
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