Netflix, Inc. NFLX
- Market cap
- $298.1B
- P/E
- 22.0×
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Netflix, Inc. (NFLX) Price to free cash flow
As of 25 September 2026, Netflix, Inc. (NFLX) trades at a price to free cash flow of 28.8×. Over the past ten years it has ranged from 0.0× (December 2022) to 2,785× (November 2021); the current reading is higher than 58% of that period. That is above the Entertainment industry median of 16.6× and above the Communication Services sector median of 9.8×.
Price to free cash flow, daily
Annual
| 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
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 28.9× | (21.04%) |
| Mar 2026 | 36.7× | (20.48%) |
| Dec 2025 | 46.1× | (26.18%) |
| Sep 2025 | 62.5× | (15.74%) |
| 42 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 | 8.2× |
| FOX Fox Corporation compare | 16.6× |
| FOXA Fox Corporation compare | 18.5× |
| DIS The Walt Disney Company compare | 22.2× |
| LYV Live Nation Entertainment, Inc. compare | 28.5× |
| NFLX Netflix, Inc. | 28.8× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 30.1× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 32.9× |
| WBD Warner Bros. Discovery, Inc. compare | 35.5× |
| Entertainment industry median | 16.6× |
| Communication Services sector median | 9.8× |
| Market median | 14.0× |
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)))
More on NFLX
- Revenue
- Net income
- 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
- 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
- The full statement