Friday 6 November 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.

Revenue: +11.9%
EPS: +48.3%
Free cash flow: +8.38%
Total debt: −12.5%

Quarter to September 2026, against a year earlier

65.50 0.89 −1.34%

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Market cap: $269.2B
P/E: 18.6×
Fwd P/E: 17.3×
Dividend yield: —
F-score: 7/9
Altman Z: 10.96
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	2	4	4	3	7	6	4	8	8	7
P/E ratio Full definition →	289.77	155.89	96.30	75.78	86.37	52.20	29.21	38.31	43.95	36.33
P/S ratio Full definition →	6.19	7.43	7.38	7.03	9.54	8.99	4.15	6.13	9.82	8.82
Altman Z-Score Full definition →	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) Full definition →	1.26	1.60	1.86	1.15	2.15	2.38	2.90	3.38	4.39	5.29
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	126.28	0.00	164.17	33.88	62.73	46.11
P/Operating CF Full definition →	(98.13)	(177.99)	(94.37)	(96.90)	(1,731.70)	(661.97)	295.56	124.40	249.09	188.68
P/B ratio Full definition →	20.40	24.25	22.25	18.68	21.55	16.84	6.31	10.05	15.47	14.97
Price to Tangible BV Full definition →	20.40	24.25	22.25	18.68	21.55	16.84	6.31	10.05	15.47	14.97
EV/Sales Full definition →	6.38	7.74	7.79	7.51	9.84	9.28	4.41	6.34	9.92	8.92
EV/EBITDA Full definition →	10.61	12.74	13.35	12.70	15.86	14.79	6.98	9.94	14.86	13.39
EV/Operating CF Full definition →	(38.20)	(50.69)	(45.93)	(52.44)	101.36	702.02	68.84	29.40	52.58	39.69
EV/FCF Full definition →	(33.94)	(44.79)	(42.52)	(47.59)	130.31	(289.70)	174.55	35.03	63.43	46.62
Quick Ratio Full definition →	0.38	0.52	0.58	0.73	1.05	0.71	0.76	0.81	0.89	0.83
Current Ratio Full definition →	1.25	1.40	1.49	0.90	1.25	0.95	1.17	1.12	1.22	1.19
Net Debt/EBITDA Full definition →	0.31	0.52	0.71	0.82	0.49	0.47	0.41	0.33	0.16	0.15
Debt/Assets Full definition →	24.76%	34.18%	39.89%	43.44%	40.25%	32.96%	29.54%	29.02%	25.73%	24.22%
Debt/Equity Full definition →	1.26	1.81	1.98	1.95	1.43	0.93	0.69	0.69	0.56	0.51
Asset Turnover Full definition →	0.74	0.72	0.70	0.67	0.68	0.71	0.68	0.69	0.76	0.83
Operating CF/Net income Full definition →	(7.90)	(3.20)	(2.21)	(1.55)	0.88	0.08	0.45	1.35	0.85	0.92
Capex/Depreciation Full definition →	(0.04)	(0.03)	(0.02)	(0.03)	(0.05)	(0.11)	(0.03)	(0.02)	(0.03)	(0.04)
Interest Coverage Full definition →	3.18	3.52	3.82	4.16	5.97	8.09	7.98	9.94	14.49	17.16
ROE Full definition →	7.61%	17.85%	27.46%	29.12%	29.62%	38.02%	24.53%	26.15%	38.43%	42.76%
ROA Full definition →	1.57%	3.43%	5.38%	6.23%	7.54%	12.20%	9.64%	11.11%	17.02%	20.11%
ROIC Full definition →	5.51%	7.22%	8.50%	9.40%	15.35%	15.79%	12.11%	15.75%	22.48%	26.85%
Return on Tangible Assets Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	1.97%	1.56%	2.03%	2.01%	1.66%	1.36%	1.82%	1.01%	0.70%	0.82%
Graham Net Nets Full definition →	(0.09)	(0.09)	(0.09)	(0.14)	(0.08)	(0.08)	(0.14)	(0.09)	(0.04)	(0.04)
Graham Number Full definition →	0.79	1.55	2.74	4.08	5.95	9.64	10.30	11.33	16.21	19.07
Earnings Yield Full definition →	0.35%	0.64%	1.04%	1.32%	1.16%	1.92%	3.42%	2.61%	2.28%	2.75%
Free Cash Flow Yield Full definition →	(3.03%)	(2.33%)	(2.48%)	(2.25%)	0.79%	(0.36%)	0.61%	2.95%	1.59%	2.17%
Revenue per Share Full definition →	2.06	2.71	3.63	4.60	5.67	6.70	7.11	7.64	9.08	10.63
Operating CF per Share Full definition →	(0.34)	(0.41)	(0.62)	(0.66)	0.55	0.09	0.46	1.65	1.71	2.39
Capex per Share Full definition →	(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 Full definition →	(0.39)	(0.45)	(0.66)	(0.72)	0.44	(0.21)	0.36	1.57	1.61	2.23
Cash per Share Full definition →	0.40	0.65	0.87	1.15	1.86	1.36	1.36	1.62	2.23	2.13
Shareholders Equity per Share Full definition →	0.62	0.83	1.20	1.73	2.51	3.58	4.67	4.66	5.76	6.26
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.62	0.83	1.20	1.73	2.51	3.58	4.67	4.66	5.76	6.26
Free Cash Flow Full definition →	(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 Full definition →	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 Full definition →	(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 Full definition →	(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 Full definition →	148.25	107.94	76.70	58.14	53.65	44.49	24.76	30.76	37.15	30.23
Capex to Sales Full definition →	0.02	0.01	0.01	0.01	0.02	0.04	0.01	0.01	0.01	0.02
Price to Operating Income Full definition →	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 Full definition →	19.67	19.63	18.21	16.49	11.38	9.40	10.27	9.76	9.81	8.36
Cash ROIC Full definition →	(21.33%)	(15.18%)	(14.72%)	(11.48%)	5.50%	(2.52%)	3.93%	16.54%	14.38%	19.25%
Accounts Receivable Turnover Full definition →	0.00	0.00	0.00	17.29	21.44	19.34	23.36	0.00	0.00	0.00
Accounts Payable Turnover Full definition →	22.10	23.89	21.61	20.11	22.96	23.21	25.41	27.79	25.54	25.85
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	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 Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	—	—	—	1,166.00	1,166.00	1,535.50	1,353.50	—	—	—
Average Payables Full definition →	283.17	336.20	461.27	618.67	665.27	746.83	754.50	709.46	823.66	900.26
Average Assets Full definition →	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 Full definition →	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

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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