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.
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Netflix, Inc. (NFLX) 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 | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| TKO TKO Group Holdings, Inc. compare | 9.7× |
| FOX Fox Corporation compare | 19.5× |
| FOXA Fox Corporation compare | 21.6× |
| NFLX Netflix, Inc. | 27.0× |
| DIS The Walt Disney Company compare | 28.5× |
| LYV Live Nation Entertainment, Inc. compare | 29.0× |
| ROKU Roku, Inc. compare | 29.7× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 30.6× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 33.1× |
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))
More on NFLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement