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NETFLIX INC
Nasdaq · CIK 1065280
Last close67.06
Daily change-0.79 (-1.16%)
10 Years gain+553.42%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
NFLX · STANDARD
SIC 7841 · Services-Video Tape Rental · Fiscal year end 1231
Fundamental
85.5Momentum
63.8Acceleration
63.8Confidence
95.0Annual Revenue19
Quarterly Revenue81
Annual CFO19
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth20.8 / 25
Quality21.6 / 25
Capital Efficiency20.0 / 20
Balance Sheet9.9 / 15
Shareholder Economics9.4 / 10
Forward Indicators3.8 / 5
Signals
Gross margin expansionGross margin improved by 2.8545 percentage points.
Operating leverageOperating margin improved by 2.7668 percentage points.
FCF growthFree cash flow grew 40.7402%.
Net debt reductionNet debt declined versus the comparison period.
Share count reductionDiluted share count declined 2.479%.
Strong operating leverageOperating income is growing faster than revenue while operating margin expands.
Key Metrics
Revenue Growth TTM20.62%OK
Revenue CAGR 3Y12.64%OK
Gross Margin50.6%OK
Operating Margin32.01%OK
FCF Margin24.36%OK
FCF Growth40.74%OK
ROIC38.03%OK
Incremental Operating Margin 3Y58.63%OK
Net Debt / CFO0.42xOK
Diluted Share Growth 1Y-2.48%OK
SBC / Revenue0.91%OK
SBC / FCF3.75%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 FY Dec 31, 2025 | $45.18B | $21.91B | $13.33B | $10.15B | $9.46B | 48.49% | 29.49% | 20.94% | 36.66% | 4.34B |
| 2025 FY Dec 31, 2024 | $39.00B | $17.96B | $10.42B | $7.36B | $6.92B | 46.06% | 26.71% | 17.75% | 31.01% | 4.39B |
| 2025 FY Dec 31, 2023 | $33.72B | $14.01B | $6.95B | $7.27B | $6.93B | 41.54% | 20.62% | 20.54% | 21.24% | 4.49B |
| 2024 FY Dec 31, 2022 | $31.62B | $12.45B | $5.63B | $2.03B | $1.62B | 39.37% | 17.82% | 5.12% | 17.71% | 451.29M |
| 2023 FY Dec 31, 2021 | $29.70B | $12.37B | $6.19B | $392.61M | -$131.98M | 41.64% | 20.86% | -0.44% | 21.74% | 455.37M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $47.40B | sum latest 4 fiscal quarters Revenue | OK | 0001065280-26-000212, 0001065280-25-000406 |
| Revenue Growth TTM | 20.62% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001065280-26-000212, 0001065280-25-000406 |
| Revenue CAGR 3Y | 12.64% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001065280-26-000034 |
| Revenue CAGR 5Y | 12.57% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001065280-26-000034 |
| Gross Profit CAGR 3Y | 20.74% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001065280-26-000034 |
| Operating Income Growth | 32.03% | OperatingIncome_current / OperatingIncome_prior_year - 1 | OK | 0001065280-26-000212, 0001065280-25-000406 |
| FCF Growth | 40.74% | FCF_current / FCF_prior_year - 1 | OK | 0001065280-26-000212, 0001065280-25-000406 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 50.6% | Gross Profit / Revenue | OK | 0001065280-26-000212, 0001065280-25-000406 |
| Operating Margin | 32.01% | Operating Income / Revenue | OK | 0001065280-26-000212, 0001065280-25-000406 |
| FCF Margin | 24.36% | (CFO - CapEx) / Revenue | OK | 0001065280-26-000212, 0001065280-25-000406 |
| CFO / Net Income | 0.86x | CFO / Net Income | OK | 0001065280-26-000212, 0001065280-25-000406 |
| FCF / Net Income | 0.8x | FCF / Net Income | OK | 0001065280-26-000212, 0001065280-25-000406 |
| ROIC | 38.03% | NOPAT / Average Invested Capital | OK | 0001065280-26-000212, 0001065280-25-000406 |
| Net Debt / CFO | 0.42x | Net Debt / CFO | OK | 0001065280-26-000212, 0001065280-25-000406 |