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%
Market cap
$302.3B
P/E
21.8×
Fwd P/E
22.9×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a

Netflix, Inc. (NFLX) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Netflix, Inc. (NFLX) trades at a EV/EBITDA of 9.3×. Over the past ten years it has ranged from 0.4× (January 2015) to 23.9× (June 2018); the current reading is higher than 16% of that period. That is in line with the Entertainment industry median of 9.6× and above the Communication Services sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 13.4× (9.88%)
FY2024 14.9× 49.42%
FY2023 9.9× 42.56%
FY2022 7.0× (52.84%)
FY2021 14.8× (6.76%)
FY2020 15.9× 24.93%
FY2019 12.7× (4.90%)
FY2018 13.4× 4.84%
FY2017 12.7× 19.99%
FY2016 10.6× (16.17%)

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 9.4× (27.99%)
Mar 2026 13.1× (2.27%)
Dec 2025 13.4× (25.00%)
Sep 2025 17.9× (12.69%)
42 more quarters

Against its own ten years

Low 0.4× High 23.9×
Ten-year median 12.8×
Current reading's percentile 16

EV/EBITDA against peers

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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