Ledger

NFLX

NFLX·Communication Services
www.netflix.com

Netflix, Inc. provides entertainment services worldwide.

$78.25
-$4.42 (-5.35%)Today
Open
$82.17
High
$82.69
Low
$78.23
Volume
40.2M
$65.0852-Week Range$126.70
Current: $78.25 · Near 52W Low
MARKET CAP
$325.8B
P/E (TTM)
24.6x
P/B RATIO
10.8x
ROE
49.5%
EPS (TTM) 13.4% Rev YoY
$3.18
DIVIDEND YIELD
N/A
BETA
1.53
High volatility vs. market

Company Info

Industry
Entertainment
Country
United States

Leadership

MT
Mr. Theodore A. Sarandos
Chief Executive Officer
Stock Score
Strong Growth
50/ 100
Val
35
Grw
63
Qly
54
Value 40%·Growth 35%·Quality 25%
Price History
$78.25 $-46.23 (-37.14%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement

Income Statement

Revenue & Margin Trend

PeriodRevenueOpExEBITDANet IncomeEPS
2022$31.62B$6.81B$20.33B$4.49B$0.99
2023$33.72B$7.05B$21.51B$5.41B$1.20
2024$39.00B$7.54B$26.31B$8.71B$1.98
2025$45.18B$8.58B$30.25B$10.98B$2.53
02 / Balance Sheet

Balance Sheet

Cash & Equivalents
$9.03B
Total Debt
$14.46B

Assets Distribution

Current Assets
Non-Current Assets

Liabilities & Equity

Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow

Cash Flow

Positive free cash flow of $9.5B — 93% of operating cash flow.
Operating CF
$10.1B
Free Cash Flow
$9.5B
Investing CF
$1B
Financing CF
-$10.3B

Cash Flow Mix

Operating Cash$10.1B
Investing Cash$1B
Financing Cash-$10.3B
Net Change$845.3M

FCF Generation

The company converts 93% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.

CapEx Burden

Capital expenditures consume $1B of operating cash. Monitor for maintenance vs. growth CapEx split.

Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios

Financial Ratios

Profitability

Gross Margin
48.5%
Gross Profit / Revenue
Operating Margin
29.5%
Op. Income / Revenue
Net Margin
24.3%
Net Income / Revenue
ROIC
26.7%
Return on Invested Capital

Liquidity & Leverage

Current Ratio
1.19x
Current Assets / Current Liab.
Cash Ratio
0.82x
Cash / Current Liab.
Debt-to-Equity
0.54
Total Debt / Equity
Asset Turnover
0.81
Revenue / Total Assets

Returns

ROE
49.5%
Return on Equity
ROA
16.1%
Return on Assets
EPS (TTM)
$3.18
Earnings Per Share
06 / Historical Trends

Historical Trends

Revenue

+12.6% CAGR

Net Income

+34.7% CAGR

EPS

+36.5% CAGR

Institutional Ownership

Moderate Institutional Support

Top 3 institutional holders control 19.3% of shares, providing a stable foundation of institutional capital.

Retail Influence

Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.

Top Institutional Holders

Blackrock Inc.8.38%
348.77M shares
Vanguard Capital Management LLC6.60%
275.03M shares
State Street Corporation4.33%
180.13M shares
FMR, LLC3.26%
135.94M shares
Invesco Ltd.3.25%
135.42M shares

Top ETFs Holding

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.21%
133.68M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.62%
109.11M shares
Invesco QQQ Trust, Series 12.09%
87.2M shares
iShares Trust-iShares Core S&P 500 ETF1.39%
57.92M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.31%
54.45M shares
07 / Market Events

Market Events

Upcoming Earnings

OCT
20TUE
DateOct 20, 2026
DayTuesday
Revenue Est.$12.9B
EPS Est.$0.82

Split Record

DateTypeRatio
2025-11-17Forward10:1
2015-07-15Forward7:1
2004-02-12Forward2:1
08 / Market Intelligence

Market Intelligence

Analyst Consensus

Consensus (51 Ratings)
Buy
Strong Buy
7
Buy
28
Hold
16
Sell
0
Strong Sell
0
Recent Insider Trades
NEUMANN SPENCER ADAM
Chief Financial Officer
Sale
9,248 shs
PETERS GREGORY K.
Chief Executive Officer
Sale
27,312 shs
BARTON RICHARD N
Director
Sale
2,160 shs
BARTON RICHARD N
Director
Sale
2,160 shs
Price Targets
Upside to Mean+19.7%
$70$94$135
Low
$70.00
Mean
$93.66
Median
$93.00
High
$135.00

Earnings History

Beat Rate
2/4
Avg Surprise
-3.6%
PeriodEst. EPSAct. EPSSurprise
2025-09$0.70$0.59-15.8%
2025-12$0.55$0.56+1.4%
2026-03$1.25$1.23-1.4%
2026-06$0.79$0.80+1.5%