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.

65.85 1.20 −1.79%
Market cap
$275.3B
P/E
20.4×
Fwd P/E
19.7×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a

Netflix, Inc. (NFLX) EV/FCF

Alert me on EV/FCF

As of 23 October 2026, Netflix, Inc. (NFLX) trades at a EV/FCF of 27.0×. Over the past ten years it has ranged from −1,468× (December 2022) to 2,852× (November 2021); the current reading is higher than 57% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 46.6× (26.50%)
FY2024 63.4× 81.08%
FY2023 35.0× (79.93%)
FY2022 175× —
FY2021 −290× —
FY2020 130× —
FY2019 −47.6× —
FY2018 −42.5× —
FY2017 −44.8× —
FY2016 −33.9× —

Quarterly newest first

Period EV/FCF Change
Jun 2026 29.2× (20.54%)
Mar 2026 36.8× (21.15%)
Dec 2025 46.6× (26.11%)
Sep 2025 63.1× (15.79%)
42 more quarters

Against its own ten years

Low −1,468× High 2,852×
Ten-year median −37.9×
Current reading's percentile 0

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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