NFLX

Company financials

Netflix

Communication Services Movies & Entertainment Los Gatos, California Last filing Jan 23, 2026 · FY2025

                    Revenue
                    FY2025
                
$45.2B
                    3y CAGR +12.6%
                    
                    P76
                    
                    +15.9%
                    
                    Net income
                    FY2025
                
$11.0B
                    Net margin +24.3%
                    
                    P86
                    
                    +26.1%
                    
                    Total assets
                    FY2025
                
$55.6B
                    ROA +19.8%
                    
                    P90
                    
                    +3.7%
                    
                    Operating cash flow
                    FY2025
                
$10.1B
                    FCF margin +20.9%
                    
                    P75
                    
                    +37.9%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 10 years

Total assets $55.6B

Total liabilities $29.0B

Shareholders equity $26.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+22.4%	+23.2%	+25.3%	+23.3%	+32.7%	+53.8%	+50.7%	+60.8%	+92.3%	—
Short Term Investments	-21.9%	+26.8%	-30.4%	+22.8%	—	—	—	—	—	—
Other Current Assets	-0.1%	-1.6%	-5.0%	-3.6%	-12.5%	-21.0%	-33.7%	+21.7%	+21.6%	—
Total Current Assets	+9.6%	+10.9%	+8.2%	+8.4%	+7.1%	+14.3%	+2.6%	+30.2%	+34.1%	—
Property,Plant and Equipment	+26.0%	+26.0%	+29.0%	+33.2%	+39.5%	+39.9%	+31.2%	+29.2%	+27.6%	—
Other Noncurrent Assets	+20.4%	+22.6%	+25.5%	+30.7%	+35.8%	+39.2%	+52.9%	+44.3%	+44.7%	—
Total Assets	+16.9%	+18.7%	+20.0%	+23.7%	+26.8%	+30.4%	+35.7%	+38.3%	+39.9%	—
Liabilities
Accounts Payable	+12.5%	+14.1%	+13.2%	+13.6%	+21.8%	+20.3%	+29.2%	+34.1%	+14.9%	—
Accrued Liabilities	+36.4%	+34.8%	+37.1%	+40.4%	+49.0%	+53.7%	+62.2%	+56.1%	+59.4%	—
Deferred Revenue	+16.7%	+16.7%	+18.4%	+19.1%	+22.2%	+26.0%	+27.8%	+31.0%	+39.5%	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+1.3%	+2.4%	+3.0%	+3.6%	+3.4%	+5.1%	+6.7%	+13.5%	+14.9%	—
Total Current Liabilities	+10.2%	+11.2%	+9.9%	+9.6%	+13.1%	+14.2%	+14.3%	+18.9%	+19.2%	—
Long Term Debt	+16.7%	+19.3%	+22.8%	+27.4%	+34.3%	+47.2%	+63.7%	+75.5%	+93.2%	—
Deferred Revenue Noncurrent	-6.5%	-5.9%	-1.6%	+1.0%	+1.3%	-2.5%	+4.8%	+14.0%	+15.0%	—
Other Noncurrent Liabilities	+53.9%	+59.4%	+70.5%	+85.0%	+109.3%	+138.6%	+186.9%	+45.3%	+121.0%	—
Total Liabilities	+11.5%	+12.9%	+14.5%	+16.9%	+21.4%	+26.8%	+34.3%	+37.9%	+41.5%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+18.3%	+18.6%	+18.2%	+19.4%	+20.3%	+21.2%	+20.4%	+20.3%	+17.0%	—
Retained Earnings	+49.6%	+51.5%	+53.4%	+57.4%	+62.2%	+60.9%	+62.2%	+61.5%	+53.4%	—
Treasury Stock	—	—	—	—	—	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+29.1%	+32.0%	+33.8%	+40.7%	+42.7%	+42.5%	+41.4%	+39.8%	+33.7%	—
Total Liabilitiesand Equity	+16.9%	+18.7%	+20.0%	+23.7%	+26.8%	+30.4%	+35.7%	+38.3%	+39.9%	—

Income Statement

Revenue, expense, and profitability

14 accounts · 10 years

Revenue $45.2B

Operating income $13.3B

Net income $11.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	—	—	—	—	—	—	—	—	—	—
Expenses Cost of Revenue	—	—	—	—	—	—	—	—	—	—
Expenses Research and Development	—	—	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	—	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	—	—	—	—	—	—	—	—	—	—
net Income net Income	—	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	—	—	—	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $10.1B

Investing cash flow $1.0B

Financing cash flow $-10.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	—	—	—	—	—	—	—	—	—	—
Operating Activities Depreciation and Amortization	—	—	—	—	—	—	—	—	—	—
Operating Activities Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—	—	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities Capital Expenditures	—	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	—	—	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+48.5%	+46.1%	+41.5%	+39.4%	+41.6%	+38.9%	+38.3%	+36.9%	+31.3%	+29.1%
Operating margin	+29.5%	+26.7%	+20.6%	+17.8%	+20.9%	+18.3%	+12.9%	+10.2%	+7.2%	+4.3%
Net margin	+24.3%	+22.3%	+16.0%	+14.2%	+17.2%	+11.0%	+9.3%	+7.7%	+4.8%	+2.1%
FCF margin	+20.9%	+17.7%	+20.5%	+5.1%	-0.4%	+7.7%	-15.6%	-18.1%	-16.8%	-17.9%
Growth
Revenue CAGR (3y)	+12.6%	+9.5%	+10.5%	+16.2%	+23.4%	+28.8%	+31.7%	+32.6%	+28.5%	+26.4%
Returns
ROE	+41.3%	+35.2%	+26.3%	+21.6%	+32.3%	+25.0%	+24.6%	+23.1%	+15.6%	—
ROA	+19.8%	+16.2%	+11.1%	+9.2%	+11.5%	+7.0%	+5.5%	+4.7%	+2.9%	—
ROIC	+35.9%	+28.0%	+21.6%	+16.0%	+21.5%	+20.6%	+13.6%	+13.4%	+11.6%	—
Liquidity
Current ratio	1.19x	1.22x	1.12x	1.17x	0.95x	1.25x	0.90x	1.49x	1.40x	—
Quick ratio	—	—	—	—	—	—	—	—	—	—
Leverage
D/E	1.09x	1.17x	1.37x	1.34x	1.81x	2.55x	3.48x	3.96x	4.31x	—
Interest coverage	17.16x	14.49x	9.94x	7.98x	8.09x	5.97x	4.16x	3.82x	3.52x	2.53x
Efficiency
Asset turnover	0.81x	0.73x	0.69x	0.65x	0.67x	0.64x	0.59x	0.61x	0.61x	—
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

NFLX $1.2K · 2025-09-29 · 397d old · FY2025

Market cap $5.2T

P/E 477.22x

P/S 115.98x

P/B 196.90x

EV $5.2T

EV/EBITDA —

FCF yield +0.2%

Dividend yield —

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