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.
- Revenue
- +11.9%
- EPS
- +48.3%
- Free cash flow
- +8.38%
- Total debt
- −12.5%
Quarter to September 2026, against a year earlier
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Netflix, Inc. (NFLX) Price to free cash flow
As of 5 November 2026, Netflix, Inc. (NFLX) trades at a price to free cash flow of 25.7×. Over the past ten years it has ranged from 0.0× (December 2022) to 2,785× (November 2021); the current reading is higher than 57% of that period. That is above the Entertainment industry median of 17.4× and above the Communication Services sector median of 10.2×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 46.1× | (26.51%) |
| FY2024 | 62.7× | 85.17% |
| FY2023 | 33.9× | (79.36%) |
| FY2022 | 164× | — |
| FY2021 | 0.0× | — |
| FY2020 | 126× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 27.3× | (5.86%) |
| Jun 2026 | 28.9× | (21.04%) |
| Mar 2026 | 36.7× | (20.48%) |
| Dec 2025 | 46.1× | (26.18%) |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| TKO TKO Group Holdings, Inc. compare | 8.4× |
| FOX Fox Corporation compare | 11.5× |
| FOXA Fox Corporation compare | 13.0× |
| SKYD Skydance Corporation compare | 19.4× |
| DIS The Walt Disney Company compare | 24.6× |
| NFLX Netflix, Inc. | 25.7× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 34.7× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 37.0× |
| LYV Live Nation Entertainment, Inc. compare | 46.8× |
| Entertainment industry median | 17.4× |
| Communication Services sector median | 10.2× |
| Market median | 14.1× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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- Net income
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- Free cash flow
- Operating cash flow
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- Operating margin
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- P/E ratio
- P/S ratio
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- EV/EBITDA
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