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) Price to free cash flow
As of 16 October 2026, Netflix, Inc. (NFLX) trades at a price to free cash flow of 28.6×. 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 15.6× and above the Communication Services sector median of 9.6×.
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 |
|---|---|---|
| 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 | 7.8× |
| FOX Fox Corporation compare | 16.8× |
| FOXA Fox Corporation compare | 18.8× |
| DIS The Walt Disney Company compare | 23.1× |
| LYV Live Nation Entertainment, Inc. compare | 28.4× |
| NFLX Netflix, Inc. | 28.6× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 29.0× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 31.6× |
| ROKU Roku, Inc. compare | 32.2× |
| Entertainment industry median | 15.6× |
| Communication Services sector median | 9.6× |
| Market median | 14.2× |
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
- 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
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
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- Book value per share
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