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

65.50 0.89 −1.34%
Market cap
$269.2B
P/E
18.6×
Fwd P/E
17.3×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a

Netflix, Inc. (NFLX) Return on invested capital

Alert me on Return on invested capital

Netflix, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 28.9%, up 2.0 percentage points from fiscal 2025 (26.9%). Over the past ten years it has ranged from 5.51% (fiscal 2016) to 26.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Entertainment industry median of 0.55% and above the Communication Services sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 26.9% 4.37
FY2024 22.5% 6.73
FY2023 15.8% 3.64
FY2022 12.1% (3.68)
FY2021 15.8% 0.44
FY2020 15.4% 5.95
FY2019 9.40% 0.90
FY2018 8.50% 1.28
FY2017 7.22% 1.71
FY2016 5.51% (2.86)

Against its own ten years

Low 5.51% High 26.9%
Ten-year median 12.1%
Current reading's percentile 100

Return on invested capital against peers

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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