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Investment Highlights Market Valuation Price Chart About NFLX Interactive Breakdown Better Bets vs. NFLX Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Netflix (NFLX)

Market Price (10/13/2025): $1217.4 | Market Cap: $517.7 Bil
Sector: Communication Services | Industry: Movies & Entertainment

Netflix (NFLX)

Market Price (10/13/2025): $1217.4
Market Cap: $517.7 Bil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%		  Expensive valuation multiples
P/SPrice/Sales ratio is 12x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 57x, P/EPrice/Earnings or Price/(Net Income) is 51x
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%		  Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 9.1 Bil, FCF LTM is 8.5 Bil		  
3 Low stock price volatility
Vol 12M is 33%		  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 9.1 Bil, FCF LTM is 8.5 Bil
3 Low stock price volatility
Vol 12M is 33%
4 Expensive valuation multiples
P/SPrice/Sales ratio is 12x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 42x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 57x, P/EPrice/Earnings or Price/(Net Income) is 51x
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.4%

Market Valuation & Key Metrics

NFLXS&P 500
REVENUE GROWTHGOOD
Rev LTM ($ Bil)41.7
Rev Chg Q15.9%6.1%
Rev Chg LTM14.8%5.2%
Rev Chg 3Y Avg10.5%5.3%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)12.3
Op Mgn LTM29.5%18.6%
CFO LTM ($ Bil)9.1
CFO/Rev LTM21.8%20.3%
Net Inc LTM ($ Bil)10.2
Net Inc Mgn24.6%12.7%
VALUATIONVERY HIGH
P/S12.43.2
P/CFO57.115.6
P/FCF60.920.6
P/E50.523.6
STABILITYVERY GOOD
Debt/Equity0.030.21
Cash/Assets0.160.07

NFLX Stock

Factor Drivers of Stock Movement
The 32.9% change in NFLX stock from 4/13/2025 to 10/12/2025 was primarily driven by a 12.3% change in the company's P/E Multiple.

413202510122025Change
Stock Price ($)918.291220.0832.86%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)39000.9741693.186.90%
Net Income Margin (%)22.34%24.58%10.04%
P/E Multiple45.0850.6212.29%
Shares Outstanding (Mil)427.70425.210.58%
Cumulative Contribution32.86%

LTM = Last Twelve Months as of date shown
The 68.8% change in NFLX stock from 10/12/2024 to 10/12/2025 was primarily driven by a 25.8% change in the company's Net Income Margin (%).

1012202410122025Change
Stock Price ($)722.791220.0868.80%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)36304.2441693.1814.84%
Net Income Margin (%)19.54%24.58%25.77%
P/E Multiple43.8150.6215.55%
Shares Outstanding (Mil)430.06425.211.13%
Cumulative Contribution68.78%

LTM = Last Twelve Months as of date shown
The 424.7% change in NFLX stock from 10/13/2022 to 10/12/2025 was primarily driven by a 149.5% change in the company's P/E Multiple.

1013202210122025Change
Stock Price ($)232.511220.08424.74%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)31030.6941693.1834.36%
Net Income Margin (%)16.42%24.58%49.70%
P/E Multiple20.2950.62149.53%
Shares Outstanding (Mil)444.56425.214.35%
Cumulative Contribution423.75%

LTM = Last Twelve Months as of date shown

Price Returns Compared

 202020212022202320242025Total [1]
Returns
NFLX Return67%11%-51%65%83%37%277%
Peers Return49%231%-54%20%-10%34%226%
S&P 500 Return16%27%-19%24%23%11%103%

Monthly Win Rates [3]
NFLX Win Rate75%42%42%58%83%67% 
Peers Win Rate48%48%28%57%45%47% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
NFLX Max Drawdown-8%-10%-72%-1%-4%-7% 
Peers Max Drawdown-40%-19%-56%-33%-36%-20% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AAPL, AMZN, FUBO, AMC, RDI. See NFLX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/10/2025 (YTD)

Downturns Compared

Unique KeyEventNFLXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-75.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven315.8%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven832 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-22.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven29.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven28 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-44.2%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven79.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven478 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-55.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven126.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven141 days1480 days


How Low Can It Go?

Netflix's stock fell -75.9% during the 2022 Inflation Shock from a high on 11/17/2021. A -75.9% loss requires a 315.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Netflix (NFLX)

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Interactive Breakdown

Netflix Interactive Breakdown Analysis

Better Bets than Netflix (NFLX)

 NFLXBetter Performance than NFLX
MetricValueIndustry (Movies & Entertainment)
Rev Chg LTM14.8%ROKU (17.3%), SPHR (20.6%), CNVS (77.1%), MPU (126.6%)
Rev Chg 3Y Avg10.5%LYV (29.5%), FWONA (16.2%), ROKU (13.2%), CNK (12.1%), SPHR (176.4%)
Op Mgn LTM29.5%
CFO/Rev LTM21.8%NXST (26.0%), RSVR (26.5%), ZNB (27.9%)
FCF/Rev LTM20.4%NXST (23.6%), ZNB (23.7%)
Total Yield2.0%DIS (6.3%), LYV (2.6%), TKO (3.3%), NXST (14.7%), CNK (10.7%)
 NFLXBetter Performance than NFLX
MetricValueAll Other Sectors
Rev Chg LTM14.8%NVDA (71.6%), MSFT (14.9%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg10.5%NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%), TSLA (12.9%)
Op Mgn LTM29.5%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM21.8%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM20.4%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), AVGO (41.6%), V (56.8%)
Total Yield2.0%MSFT (3.3%), AAPL (3.1%), AMZN (3.1%), JPM (6.7%), ORCL (2.1%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Netflix Earnings Notes  
2How Does NFLX Stack Up Against Its Peers?  
3Netflix Stock Rallied 5.8% - Have You Assessed the RiskReturn 
4Netflix vs Microsoft: Which Is A Better Investment?Counter-Intuitive Comparisons 
5Netflix vs Meta Platforms: Which Is A Better Investment?Counter-Intuitive Comparisons 
6Day 5 of Gains Streak for Netflix Stock with 6.7% Return (vs. 37% YTD) [8/12/2025]Notification 
7Better Bet Than NFLX Stock: Pay Less Than Netflix To Get More From LLY, MU   
8Wait For A Dip To Buy Netflix StockBuy or Fear 
9NFLX Dip Buy Analysis  
10Better Bet Than NFLX Stock: Pay Less Than Netflix To Get More From Sector Peers OPRA, YELP, EEX, IRDM, TIGO Actionable 
11ARTICLES  
12How Will Netflix Stock React To Its Upcoming Earnings? October 10th, 2025
13How Does NFLX Stack Up Against Its Peers? September 12th, 2025
14Will You Be Comfortable Buying Netflix Stock? September 11th, 2025
15S&P 500 Movers | Winners: WBD, PSKY, SNPS | Losers: ORCL, NFLX, BA September 11th, 2025
16Netflix Stock At $1,200: A Reality Check August 28th, 2025
Title
0DASHBOARDS
1How Will Netflix Stock React To Its Upcoming Earnings?
2How Does NFLX Stack Up Against Its Peers?
3Will You Be Comfortable Buying Netflix Stock?
4S&P 500 Movers | Winners: WBD, PSKY, SNPS | Losers: ORCL, NFLX, BA
5Netflix Stock At $1,200: A Reality Check
6ARTICLES
7Netflix Earnings Notes
8How Does NFLX Stack Up Against Its Peers?
9Netflix Stock Rallied 5.8% - Have You Assessed the Risk
10Netflix vs Microsoft: Which Is A Better Investment?
11Netflix vs Meta Platforms: Which Is A Better Investment?
12Day 5 of Gains Streak for Netflix Stock with 6.7% Return (vs. 37% YTD) [8/12/2025]
13Better Bet Than NFLX Stock: Pay Less Than Netflix To Get More From LLY, MU 
14Wait For A Dip To Buy Netflix Stock
15NFLX Dip Buy Analysis
16Better Bet Than NFLX Stock: Pay Less Than Netflix To Get More From Sector Peers OPRA, YELP, EEX, IRDM, TIGO 

Trade Ideas

Select past trade ideas related to NFLX and Movies & Entertainment.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		6.8%6.8%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.4%-10.4%-10.4%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-2.3%-2.3%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-22.8%-22.8%-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.0%44.0%0.0%
NFLX_4302024_Quality_Momentum_RoomToRun_10%04302024NFLXNetflixQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		37.9%105.5%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE09302025TTDTrade DeskDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		6.8%6.8%0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025CMCSAComcastMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-10.4%-10.4%-10.4%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper05312025PINSPinterestMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-2.3%-2.3%-2.3%
IRDM_4302025_Dip_Buyer_FCFYield04302025IRDMIridium CommunicationsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-22.8%-22.8%-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE04302025IASIntegral Ad ScienceDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		44.0%44.0%0.0%
NFLX_4302024_Quality_Momentum_RoomToRun_10%04302024NFLXNetflixQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		37.9%105.5%0.0%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony57.5%589.8%
2HIVEHIVE Digital Technologies48.5%131.9%
3SESSES AI46.6%37.9%
4BITFBitfarms39.5%181.9%
5SLDPSolid Power35.6%210.1%
6PTGXProtagonist Therapeutics34.2%125.4%
7PATHUiPath32.2%34.1%
8APGEApogee Therapeutics31.6%15.8%
9AMDAdvanced Micro Devices30.5%77.9%
10GLUEMonte Rosa Therapeutics29.7%44.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNBrookfield-37.4%12.9%
2BNTBrookfield Wealth Solutions-37.3%13.1%
3VGVenture Global-32.3% 
4BBBYBed Bath & Beyond-27.1% 
5USNAUsana Health Sciences-25.4%-43.5%
6AEHRAehr Test Systems-24.3%41.3%
7NFENew Fortress Energy-24.0%-87.6%
8PENGPenguin Solutions-23.7%10.3%
9ESPREsperion Therapeutics-23.3%15.0%
10ANGXAngel Studios-23.1% 

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1554.3%367.0%
2QUREuniQure263.4%248.6%
3UAMYUnited States Antimony166.0%589.8%
4LACLithium Americas163.7%152.2%
5RGTIRigetti Computing163.2%187.8%
6SESSES AI160.3%37.9%
7CLPTClearPoint Neuro135.4%69.8%
8BETRBetter Home & Finance131.2%537.8%
9PLUGPlug Power126.5%60.6%
10USARUSA Rare Earth124.4%109329.5%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1REXREX American Resources-50.4%46.7%
2ANGXAngel Studios-49.2% 
3USNAUsana Health Sciences-34.3%-43.5%
4GOSSGossamer Bio-34.1%152.0%
5FLYFirefly Aerospace-34.0% 
6TROXTronox-33.8%-65.3%
7KRUSKura Sushi USA-32.9%-38.5%
8VGVenture Global-31.2% 
9OXMOxford Industries-30.7%-52.8%
10SFIXStitch Fix-30.4%-6.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony57.5%589.8%
2HIVEHIVE Digital Technologies48.5%131.9%
3SESSES AI46.6%37.9%
4BITFBitfarms39.5%181.9%
5SLDPSolid Power35.6%210.1%
6PTGXProtagonist Therapeutics34.2%125.4%
7PATHUiPath32.2%34.1%
8APGEApogee Therapeutics31.6%15.8%
9AMDAdvanced Micro Devices30.5%77.9%
10GLUEMonte Rosa Therapeutics29.7%44.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNBrookfield-37.4%12.9%
2BNTBrookfield Wealth Solutions-37.3%13.1%
3VGVenture Global-32.3% 
4BBBYBed Bath & Beyond-27.1% 
5USNAUsana Health Sciences-25.4%-43.5%
6AEHRAehr Test Systems-24.3%41.3%
7NFENew Fortress Energy-24.0%-87.6%
8PENGPenguin Solutions-23.7%10.3%
9ESPREsperion Therapeutics-23.3%15.0%
10ANGXAngel Studios-23.1% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Netflix

Financials

NFLXAAPLAMZNFUBOAMCRDIMedian
NameNetflix Apple Amazon.c.FuboTV AMC Ente.Reading . 
Mkt Price1,220.08245.27216.373.682.951.43110.03
Mkt Cap518.83,655.22,301.51.31.30.0260.0
Rev LTM41,693408,625670,0381,6264,91621923,304
Op Inc LTM12,304130,21476,190-125109-36,207
FCF LTM8,50196,18413,481132-30634,316
FCF 3Y Avg6,527100,50321,677-93-484-103,259
CFO LTM9,070108,565121,137147-6034,609
CFO 3Y Avg6,950111,55996,977-77-252-103,470

Growth & Margins

NFLXAAPLAMZNFUBOAMCRDIMedian
NameNetflix Apple Amazon.c.FuboTV AMC Ente.Reading . 
Rev Chg LTM14.8%6.0%10.9%6.6%9.4%7.6%8.5%
Rev Chg 3Y Avg10.5%1.8%11.3%24.8%8.2%5.7%9.3%
Rev Chg Q15.9%9.6%13.3%-2.8%35.6%29.0%14.6%
QoQ Delta Rev Chg LTM3.8%2.1%3.0%-0.7%8.1%6.6%3.4%
Op Mgn LTM29.5%31.9%11.4%-7.7%2.2%-1.3%6.8%
Op Mgn 3Y Avg23.6%30.8%7.9%-17.5%-1.5%-7.3%3.2%
QoQ Delta Op Mgn LTM1.8%0.1%0.3%1.8%3.1%5.2%1.8%
CFO/Rev LTM21.8%26.6%18.1%9.0%-1.2%1.4%13.6%
CFO/Rev 3Y Avg18.6%28.4%15.8%-6.8%-5.7%-4.6%5.6%
FCF/Rev LTM20.4%23.5%2.0%8.1%-6.2%1.4%5.1%
FCF/Rev 3Y Avg17.5%25.6%3.5%-7.9%-10.9%-4.6%-0.5%

Valuation

NFLXAAPLAMZNFUBOAMCRDIMedian
NameNetflix Apple Amazon.c.FuboTV AMC Ente.Reading . 
Mkt Cap518.83,655.22,301.51.31.30.0260.0
P/S12.48.93.40.80.30.12.1
P/EBIT41.728.127.011.59.78.219.3
P/E50.636.832.614.1-3.5-1.923.3
P/CFO57.233.719.08.6-21.510.214.6
Total Yield2.0%3.1%3.1%7.1%-28.4%-51.4%2.5%
Dividend Yield0.0%0.4%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg2.0%3.2%1.1%-23.8%-21.1%-21.2%-10.0%
D/E0.00.00.10.36.511.10.2
Net D/E0.00.00.00.16.110.80.0

Returns

NFLXAAPLAMZNFUBOAMCRDIMedian
NameNetflix Apple Amazon.c.FuboTV AMC Ente.Reading . 
1M Rtn2.7%4.8%-5.2%-13.8%5.0%-4.1%-0.7%
3M Rtn-2.0%16.3%-3.8%11.2%-11.4%6.6%2.3%
6M Rtn32.9%24.1%17.0%29.1%0.0%20.1%22.1%
12M Rtn68.8%8.3%14.6%127.2%-29.3%-13.4%11.4%
3Y Rtn424.7%74.2%92.3%-10.0%-94.5%-58.5%32.1%
1M Excs Rtn1.9%7.2%-5.4%-11.0%5.9%-4.2%-1.2%
3M Excs Rtn-7.8%13.2%-8.7%3.4%-14.9%4.5%-2.2%
6M Excs Rtn8.1%4.7%-5.0%9.0%-23.4%-4.3%0.2%
12M Excs Rtn55.1%-4.8%4.5%147.1%-43.2%-23.5%-0.2%
3Y Excs Rtn342.2%-3.0%5.7%-80.3%-168.6%-129.9%-41.6%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/18/20254/18/20251/27/202510/18/20247/19/20244/22/20241/26/202410/20/20237/21/20234/21/20231/26/202310/20/2022
Key Financials Quarterly            
Total Revenue11,07910,54310,2479,8259,5599,3708,8338,5428,1878,1627,8527,926
Ebitda7,7267,3016,5686,6906,5336,5465,2135,7495,3545,2654,2485,533
Operating Income3,7753,3472,2732,9092,6032,6331,4961,9161,8271,7145501,533
Net Income3,1252,8901,8692,3642,1472,3329381,6771,4881,305551,398
EPS7.356.764.375.524.995.402.153.803.352.930.123.14
Key Financials TTM            
Total Revenue TTM41,69340,17339,00137,58736,30434,93233,72332,74332,12631,90931,61631,473
Ebitda TTM28,28527,09226,33724,98124,04022,86121,58020,61520,40020,18920,33320,630
Operating Income TTM12,30411,13210,4189,6418,6487,8726,9546,0085,6245,3765,6335,715
Net Income TTM10,2489,2708,7127,7817,0956,4355,4084,5254,2464,2004,4925,044
Growth Rates Quarterly            
Total Revenue Growth15.9%12.5%16.0%15.0%16.8%14.8%12.5%7.8%2.7%3.7%1.9%5.9%
EBITDA Growth18.3%11.5%26.0%16.4%22.0%24.3%22.7%3.9%4.1%-2.7%-6.5%13.3%
Operating Income Growth45.0%27.1%51.9%51.8%42.5%53.6%172.1%25.0%15.8%-13.1%-13.0%-12.7%
Net Income Growth45.6%23.9%99.2%40.9%44.3%78.7%1596.4%20.0%3.2%-18.3%-90.9%-3.5%
Margins Quarterly            
EBITDA Margin69.7%69.3%64.1%68.1%68.3%69.9%59.0%67.3%65.4%64.5%54.1%69.8%
Operating Income Margin34.1%31.7%22.2%29.6%27.2%28.1%16.9%22.4%22.3%21.0%7.0%19.3%
Net Income Margin28.2%27.4%18.2%24.1%22.5%24.9%10.6%19.6%18.2%16.0%0.7%17.6%
Cash & Debt            
Total Cash8,3918,3719,5849,2246,6567,0467,1387,8678,5777,8286,0586,114
Total Debt14,45315,01715,58315,98113,98014,01614,54314,30016,99414,43714,35313,888
Net Debt / (Cash)6,0636,6465,9996,7577,3246,9707,4056,4338,4176,6108,2957,774
Cash Flows Quarterly            
FCF from Operations2,4232,7891,5372,3211,2912,2131,6631,9921,4402,179444557
Cash Flows TTM            
FCF from Operations TTM9,0707,9387,3617,4877,1597,3087,2746,0554,6203,2822,0261,179
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases1,6543,5369641,7001,6002,0002,5002,500645400-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC214.3%181.2%132.7%150.6%121.4%134.8%66.0%104.7%68.9%69.9%19.9%51.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM178.0%147.0%151.8%123.6%102.3%98.9%81.8%82.9%52.8%54.5%43.4%48.2%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Streaming revenues33,64031,47029,51524,75719,859
DVD revenues83146182239297
Total33,72331,61629,69824,99620,156


Price Behavior

NFLX Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.030.560.610.700.881.10
Up Beta-1.120.190.540.790.770.99
Down Beta-0.170.54-0.400.660.891.02
Up Capture8%67%33%69%134%322%
Bmk +ve Days13233574144420
Stock +ve Days11233070139396
Down Capture48%72%165%51%86%101%
Bmk -ve Days8192952107330
Stock -ve Days10193355111353

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity6,428,320
Short Interest: % Change Since 9152025-7.6%
Average Daily Volume2,939,607
Days-to-Cover Short Interest2.19
Basic Shares Quantity425,211,000
Short % of Basic Shares1.5%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/17/2025-5.1%-7.3%-2.8%
4/17/20251.5%13.2%22.5%
10/17/202411.1%9.7%19.8%
7/18/2024-1.5%-1.4%4.8%
4/18/2024-9.1%-7.5%1.7%
1/23/202410.7%14.4%19.6%
10/18/202316.1%18.8%34.9%
7/19/2023-8.4%-11.5%-15.6%
...
SUMMARY STATS   
# Positive91015
# Negative14138
Median Positive10.7%12.6%10.2%
Median Negative-5.8%-7.3%-9.9%
Max Positive16.9%20.8%34.9%
Max Negative-35.1%-43.1%-49.2%

SEC Filings

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Report DateFiling DateFiling
6302025718202510-Q 6/30/2025
3312025418202510-Q 3/31/2025
12312024127202510-K 12/31/2024
93020241018202410-Q 9/30/2024
6302024719202410-Q 6/30/2024
3312024422202410-Q 3/31/2024
12312023126202410-K 12/31/2023
93020231020202310-Q 9/30/2023
6302023721202310-Q 6/30/2023
3312023421202310-Q 3/31/2023
12312022126202310-K 12/31/2022
93020221020202210-Q 9/30/2022
6302022721202210-Q 6/30/2022
3312022421202210-Q 3/31/2022
12312021127202210-K 12/31/2021
93020211021202110-Q 9/30/2021

Insider Activity

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