Saturday 17 October 2026
Export NFLX’s income statement to Excel — free account
Netflix, Inc.
NFLX Communication Services Entertainment
Netflix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 billion, up 15.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 10.2%, free cash flow fell 32.7% and total debt fell 18.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.
70.53
2.08
−2.86%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
2 | 4 | 4 | 3 | 7 | 6 | 4 | 8 | 8 | 7 |
P/E ratio |
289.77 | 155.89 | 96.30 | 75.78 | 86.37 | 52.20 | 29.21 | 38.31 | 43.95 | 36.33 |
P/S ratio |
6.19 | 7.43 | 7.38 | 7.03 | 9.54 | 8.99 | 4.15 | 6.13 | 9.82 | 8.82 |
Altman Z-Score |
3.88 | 4.25 | 4.49 | 4.24 | 6.42 | 7.09 | 4.39 | 6.42 | 10.19 | 10.96 |
Altman Z″-Score (non-manufacturers) |
1.26 | 1.60 | 1.86 | 1.15 | 2.15 | 2.38 | 2.90 | 3.38 | 4.39 | 5.29 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 126.28 | 0.00 | 164.17 | 33.88 | 62.73 | 46.11 |
P/Operating CF |
(98.13) | (177.99) | (94.37) | (96.90) | (1,731.70) | (661.97) | 295.56 | 124.40 | 249.09 | 188.68 |
P/B ratio |
20.40 | 24.25 | 22.25 | 18.68 | 21.55 | 16.84 | 6.31 | 10.05 | 15.47 | 14.97 |
Price to Tangible BV |
20.40 | 24.25 | 22.25 | 18.68 | 21.55 | 16.84 | 6.31 | 10.05 | 15.47 | 14.97 |
EV/Sales |
6.38 | 7.74 | 7.79 | 7.51 | 9.84 | 9.28 | 4.41 | 6.34 | 9.92 | 8.92 |
EV/EBITDA |
10.61 | 12.74 | 13.35 | 12.70 | 15.86 | 14.79 | 6.98 | 9.94 | 14.86 | 13.39 |
EV/Operating CF |
(38.20) | (50.69) | (45.93) | (52.44) | 101.36 | 702.02 | 68.84 | 29.40 | 52.58 | 39.69 |
EV/FCF |
(33.94) | (44.79) | (42.52) | (47.59) | 130.31 | (289.70) | 174.55 | 35.03 | 63.43 | 46.62 |
Quick Ratio |
0.38 | 0.52 | 0.58 | 0.73 | 1.05 | 0.71 | 0.76 | 0.81 | 0.89 | 0.83 |
Current Ratio |
1.25 | 1.40 | 1.49 | 0.90 | 1.25 | 0.95 | 1.17 | 1.12 | 1.22 | 1.19 |
Net Debt/EBITDA |
0.31 | 0.52 | 0.71 | 0.82 | 0.49 | 0.47 | 0.41 | 0.33 | 0.16 | 0.15 |
Debt/Assets |
24.76% | 34.18% | 39.89% | 43.44% | 40.25% | 32.96% | 29.54% | 29.02% | 25.73% | 24.22% |
Debt/Equity |
1.26 | 1.81 | 1.98 | 1.95 | 1.43 | 0.93 | 0.69 | 0.69 | 0.56 | 0.51 |
Asset Turnover |
0.74 | 0.72 | 0.70 | 0.67 | 0.68 | 0.71 | 0.68 | 0.69 | 0.76 | 0.83 |
Operating CF/Net income |
(7.90) | (3.20) | (2.21) | (1.55) | 0.88 | 0.08 | 0.45 | 1.35 | 0.85 | 0.92 |
Capex/Depreciation |
(0.04) | (0.03) | (0.02) | (0.03) | (0.05) | (0.11) | (0.03) | (0.02) | (0.03) | (0.04) |
Interest Coverage |
3.18 | 3.52 | 3.82 | 4.16 | 5.97 | 8.09 | 7.98 | 9.94 | 14.49 | 17.16 |
| 7.61% | 17.85% | 27.46% | 29.12% | 29.62% | 38.02% | 24.53% | 26.15% | 38.43% | 42.76% | |
| 1.57% | 3.43% | 5.38% | 6.23% | 7.54% | 12.20% | 9.64% | 11.11% | 17.02% | 20.11% | |
ROIC |
5.51% | 7.22% | 8.50% | 9.40% | 15.35% | 15.79% | 12.11% | 15.75% | 22.48% | 26.85% |
Return on Tangible Assets |
13.49% | 22.15% | 33.41% | (1,667.32%) | 94.70% | 565.76% | 164.31% | 212.17% | 221.18% | 271.57% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
8.84% | 8.16% | 7.74% | 7.67% | 7.32% | 7.66% | 8.58% | 7.93% | 7.50% | 7.51% |
Selling, General and Administrative Expense of Revenue |
16.00% | 15.97% | 18.99% | 17.70% | 13.22% | 13.12% | 12.98% | 12.98% | 11.84% | 11.49% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
1.97% | 1.56% | 2.03% | 2.01% | 1.66% | 1.36% | 1.82% | 1.01% | 0.70% | 0.82% |
Graham Net Nets |
(0.09) | (0.09) | (0.09) | (0.14) | (0.08) | (0.08) | (0.14) | (0.09) | (0.04) | (0.04) |
Graham Number |
0.79 | 1.55 | 2.74 | 4.08 | 5.95 | 9.64 | 10.30 | 11.33 | 16.21 | 19.07 |
Earnings Yield |
0.35% | 0.64% | 1.04% | 1.32% | 1.16% | 1.92% | 3.42% | 2.61% | 2.28% | 2.75% |
Free Cash Flow Yield |
(3.03%) | (2.33%) | (2.48%) | (2.25%) | 0.79% | (0.36%) | 0.61% | 2.95% | 1.59% | 2.17% |
Revenue per Share |
2.06 | 2.71 | 3.63 | 4.60 | 5.67 | 6.70 | 7.11 | 7.64 | 9.08 | 10.63 |
Operating CF per Share |
(0.34) | (0.41) | (0.62) | (0.66) | 0.55 | 0.09 | 0.46 | 1.65 | 1.71 | 2.39 |
Capex per Share |
(0.04) | (0.04) | (0.04) | (0.06) | (0.11) | (0.30) | (0.09) | (0.08) | (0.10) | (0.16) |
Free Cash Flow per Share |
(0.39) | (0.45) | (0.66) | (0.72) | 0.44 | (0.21) | 0.36 | 1.57 | 1.61 | 2.23 |
Cash per Share |
0.40 | 0.65 | 0.87 | 1.15 | 1.86 | 1.36 | 1.36 | 1.62 | 2.23 | 2.13 |
Shareholders Equity per Share |
0.62 | 0.83 | 1.20 | 1.73 | 2.51 | 3.58 | 4.67 | 4.66 | 5.76 | 6.26 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.62 | 0.83 | 1.20 | 1.73 | 2.51 | 3.58 | 4.67 | 4.66 | 5.76 | 6.26 |
Free Cash Flow |
(1,658.81) | (1,959.25) | (2,854.42) | (3,140.36) | 1,929.15 | (920.32) | 1,618.53 | 6,925.75 | 6,921.83 | 9,461.05 |
Working Capital |
1,133.63 | 2,203.66 | 3,206.82 | (677.19) | 1,955.80 | (419.14) | 1,335.50 | 1,057.48 | 2,344.98 | 2,039.26 |
Capital Expenditures |
(184.83) | (173.30) | (173.95) | (253.03) | (497.92) | (1,312.93) | (407.73) | (348.55) | (439.54) | (688.22) |
Net Current Asset Value |
(5,186.52) | (7,760.82) | (11,041.49) | (20,215.05) | (18,453.54) | (20,665.58) | (18,550.90) | (18,225.55) | (15,786.43) | (15,961.32) |
EV/EBIT |
148.25 | 107.94 | 76.70 | 58.14 | 53.65 | 44.49 | 24.76 | 30.76 | 37.15 | 30.23 |
Capex to Sales |
0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.01 | 0.02 |
Price to Operating Income |
143.96 | 103.56 | 72.61 | 54.40 | 51.99 | 43.10 | 23.29 | 29.75 | 36.75 | 29.90 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
19.67 | 19.63 | 18.21 | 16.49 | 11.38 | 9.40 | 10.27 | 9.76 | 9.81 | 8.36 |
Cash ROIC |
(21.33%) | (15.18%) | (14.72%) | (11.48%) | 5.50% | (2.52%) | 3.93% | 16.54% | 14.38% | 19.25% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 17.29 | 21.44 | 19.34 | 23.36 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
22.10 | 23.89 | 21.61 | 20.11 | 22.96 | 23.21 | 25.41 | 27.79 | 25.54 | 25.85 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
18.25 | 16.34 | 20.62 | 19.79 | 15.68 | 17.64 | 12.79 | 13.84 | 15.61 | 14.12 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
— | — | — | 1,166.00 | 1,166.00 | 1,535.50 | 1,353.50 | — | — | — |
Average Payables |
283.17 | 336.20 | 461.27 | 618.67 | 665.27 | 746.83 | 754.50 | 709.46 | 823.66 | 900.26 |
Average Assets |
11,894.74 | 16,299.68 | 22,493.57 | 29,975.06 | 36,628.04 | 41,932.51 | 46,589.72 | 48,663.38 | 51,181.19 | 54,613.69 |
Average Common Equity |
2,451.61 | 3,130.88 | 4,410.36 | 6,410.46 | 9,323.70 | 13,457.25 | 18,313.33 | 20,682.86 | 22,665.94 | 25,679.53 |
Columns are period end dates