How Does Netflix Stock Stack Up Against Its Peers?
Netflix‘s stock has underperformed over the past year. Does it still offer compelling value against peers navigating the evolving streaming and entertainment landscape? A closer look reveals robust profitability and strong revenue growth, but a premium valuation versus traditional media, suggesting challenges in sustaining momentum amidst intense competition and content spending.
- NFLX’s 29.5% operating margin reflects efficient streaming monetization, which is high vs. peers but below AAPL’s 32.4% from its hardware/services ecosystem.
- NFLX’s 15.9% LTM revenue growth, outpacing peers, is fueled by global membership expansion, pricing optimization, and growing ad-supported tiers.
- NFLX stock is down 18.3% over 1 year, underperforming peers with a 30.8 PE, signaling market valuation concerns amid a competitive streaming landscape.
Here’s how Netflix stacks up across size, valuation, and profitability versus key peers.
| NFLX | DIS | WBD | AMZN | CMCSA | AAPL | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 338.1 | 186.1 | 67.4 | 2,547.0 | 108.0 | 3,974.3 |
| Revenue ($ Bil) | 45.2 | 95.7 | 37.9 | 691.3 | 123.7 | 435.6 |
| PE Ratio | 30.8 | 15.2 | 139.0 | 33.3 | 5.4 | 33.7 |
| LTM Revenue Growth | 15.9% | 3.5% | -4.3% | 11.5% | -0.0% | 10.1% |
| LTM Operating Margin | 29.5% | 14.2% | 3.7% | 11.0% | 16.7% | 32.4% |
| LTM FCF Margin | 20.9% | 7.4% | 10.9% | 1.5% | 15.5% | 28.3% |
| 12M Market Return | -18.3% | -7.6% | 167.6% | 0.5% | -0.6% | 18.7% |
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 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NFLX | 15.9% | 15.9% | 15.6% | 6.7% | |
| DIS | 3.5% | 3.4% | 2.8% | 7.5% | |
| WBD | -4.3% | – | -4.8% | 22.2% | 177.4% |
| AMZN | 11.5% | – | 11.0% | 11.8% | 9.4% |
| CMCSA | -0.0% | -0.0% | 1.8% | 0.1% | |
| AAPL | 10.1% | 6.4% | 2.0% | -2.8% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NFLX | 29.5% | 29.5% | 26.7% | 20.6% | |
| DIS | 14.2% | 14.6% | 13.0% | 10.1% | |
| WBD | 3.7% | – | 0.0% | -2.1% | -10.3% |
| AMZN | 11.0% | – | 10.8% | 6.4% | 2.4% |
| CMCSA | 16.7% | 16.7% | 18.8% | 19.2% | |
| AAPL | 32.4% | 32.0% | 31.5% | 29.8% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NFLX | 30.8 | 36.3 | 43.9 | 39.8 | |
| DIS | 15.2 | 16.5 | 40.9 | 70.1 | |
| WBD | 139.0 | – | -6.2 | -8.2 | -3.0 |
| AMZN | 33.3 | – | 40.8 | 74.3 | -568.7 |
| CMCSA | 5.4 | 5.5 | 9.0 | 11.7 | |
| AAPL | 33.7 | 36.3 | 41.0 | 31.3 |
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