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/Sales
As of 23 October 2026, Netflix, Inc. (NFLX) trades at a EV/Sales of 5.8×. Over the past ten years it has ranged from 0.2× (January 2015) to 14.5× (June 2018); the current reading is higher than 18% of that period. That is above the Entertainment industry median of 1.8× and above the Communication Services sector median of 1.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 8.9× | (10.16%) |
| FY2024 | 9.9× | 56.47% |
| FY2023 | 6.3× | 43.76% |
| FY2022 | 4.4× | (52.46%) |
| FY2021 | 9.3× | (5.70%) |
| FY2020 | 9.8× | 31.02% |
| FY2019 | 7.5× | (3.63%) |
| FY2018 | 7.8× | 0.68% |
| FY2017 | 7.7× | 21.43% |
| FY2016 | 6.4× | (11.39%) |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.2× | (28.13%) |
| Mar 2026 | 8.7× | (2.62%) |
| Dec 2025 | 8.9× | (24.76%) |
| Sep 2025 | 11.8× | (14.15%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| LYV Live Nation Entertainment, Inc. compare | 1.5× |
| FOX Fox Corporation compare | 1.7× |
| FOXA Fox Corporation compare | 1.9× |
| DIS The Walt Disney Company compare | 2.4× |
| TKO TKO Group Holdings, Inc. compare | 3.1× |
| ROKU Roku, Inc. compare | 4.0× |
| NFLX Netflix, Inc. | 5.8× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 7.5× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 8.1× |
| Entertainment industry median | 1.8× |
| Communication Services sector median | 1.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (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/FCF
- 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