Netflix, Inc.
NFLXNASDAQ
$66.95
Last price · USD
- Market cap
- $289.0B
- P/E
- 26.5x
- EV / EBITDA
- 9.7x
- P/S
- 6.4x
- FCF yield
- 3.3%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Netflix, Inc. key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 15.9% | 15.6% | 6.7% | 6.5% | — | — | |
| Operating income growth | 27.9% | 49.8% | 23.5% | -9.1% | — | — | |
| Net income growth | 26.1% | 61.1% | 20.4% | -12.2% | — | — | |
| EPS (diluted) growth | 27.8% | 65.0% | 20.0% | -10.7% | — | — | |
| Free cash flow growth | 36.7% | -0.1% | 327.9% | 1326.4% | — | — | |
| Margins | |||||||
| Gross margin | 48.5% | 46.1% | 41.5% | 39.4% | 41.6% | — | |
| Operating margin | 29.5% | 26.7% | 20.6% | 17.8% | 20.9% | — | |
| EBITDA margin | 67.0% | 67.5% | 63.8% | 64.3% | 64.1% | — | |
| Net margin | 24.3% | 22.3% | 16.0% | 14.2% | 17.2% | — | |
| FCF margin | 20.9% | 17.7% | 20.5% | 5.1% | -0.4% | — | |
| Returns on capital | |||||||
| Return on equity | 41.3% | 35.2% | 26.3% | 21.6% | 32.3% | — | |
| Return on assets | 19.8% | 16.2% | 11.1% | 9.2% | 11.5% | — | |
| Return on invested capital | 35.9% | 26.1% | 19.9% | 16.0% | 19.4% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 0.54x | 0.73x | 0.82x | 0.69x | 1.14x | — | |
| Net debt / EBITDA | 0.18x | 0.39x | 0.46x | 0.45x | 0.63x | — | |
| Current ratio | 1.19x | 1.22x | 1.12x | 1.17x | 0.95x | — | |
| Interest coverage | 17.16x | 14.49x | 9.29x | 7.98x | 8.09x | — | |
| Profitability & operating | |||||||
| EBIT | 13,499 | 10,684 | 6,954 | 5,970 | 6,606 | +19.6% | |
| EBITDA | 30,255 | 26,315 | 21,508 | 20,333 | 19,045 | +12.3% | |
| Operating income | 13,327 | 10,418 | 6,954 | 5,633 | 6,195 | +21.1% | |
| Income before tax | 12,723 | 9,966 | 6,205 | 5,264 | 5,840 | +21.5% | |
| Net income | 10,981 | 8,712 | 5,408 | 4,492 | 5,116 | +21.0% | |
| Earnings per share | |||||||
| EPS (basic) | $2.58 | $2.03 | $1.23 | $1.01 | $1.16 | +22.1% | |
| EPS (diluted) | $2.53 | $1.98 | $1.20 | $1.00 | $1.12 | +22.6% | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 4,229 | 4,295 | 4,416 | 4,447 | 4,432 | -1.2% | |
| Weighted avg shares outstanding (diluted) | 4,317 | 4,393 | 4,495 | 4,513 | 4,554 | -1.3% | |
| Balance sheet highlights | |||||||
| Net debt | 5,429 | 10,190 | 9,856 | 9,206 | 12,089 | -18.1% | |
| Total debt | 14,463 | 17,995 | 16,973 | 14,353 | 18,117 | -5.5% | |
| Total investments | 29 | 1,779 | 21 | 911 | 24 | +4.4% | |
| Total stockholders' equity | 26,615 | 24,744 | 20,588 | 20,777 | 15,849 | +13.8% | |
| Total assets | 55,597 | 53,630 | 48,732 | 48,595 | 44,585 | +5.7% | |
| Cash flow highlights | |||||||
| Free cash flow | 9,461 | 6,922 | 6,926 | 1,619 | (132) | — | |
| Operating cash flow | 10,149 | 7,361 | 7,274 | 2,026 | 393 | +125.5% | |
| Capital expenditure | (688) | (440) | (349) | (408) | (525) | — | |
| Net cash from operating activities | 10,149 | 7,361 | 7,274 | 2,026 | 393 | +125.5% | |
| Additional fields | |||||||
| Accrued Expenses | 3,221 | 2,157 | 1,804 | 1,515 | 1,449 | +22.1% | |