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