NFLX - NETFLIX INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	15.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+217%)	15.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+213%)	6.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+33%)	6.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+29%)	18.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+276%)	24.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+380%)	27.6% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+452%)	35.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+602%)	32.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+548%)	30.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+505%)	23.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+363%)	25.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+417%)	21.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+324%)	12.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	48.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+864%)	29.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+490%)	22.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+348%)	13.2% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+164%)	—	—
EPS Growth YoY (%)	27.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	65.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	21.3% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-12.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	84.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	46.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	53.2% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	115.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	193.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	51.7% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-54.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	128.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	522.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-92.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	39.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	49.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	50.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	37.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	26.1% Excellent ↑ Excellent Improving Year-over-year change in net income	61.1% Excellent ↑ Excellent Improving Year-over-year change in net income	20.4% Good ↓ Good Declining Year-over-year change in net income	-12.2% Weak ↓ Weak Declining Year-over-year change in net income	85.3% Excellent ↑ Excellent Improving Year-over-year change in net income	47.9% Excellent ↓ Excellent Declining Year-over-year change in net income	54.1% Excellent ↓ Excellent Declining Year-over-year change in net income	116.7% Excellent ↑ Excellent Improving Year-over-year change in net income	199.4% Excellent ↑ Excellent Improving Year-over-year change in net income	52.2% Excellent ↓ Excellent Declining Year-over-year change in net income	-54.0% Weak ↓ Weak Declining Year-over-year change in net income	137.4% Excellent ↓ Excellent Declining Year-over-year change in net income	555.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-92.4% Weak ↓ Weak Declining Year-over-year change in net income	40.6% Excellent ↑ Excellent Improving Year-over-year change in net income	38.8% Excellent ↑ Excellent Improving Year-over-year change in net income	39.5% Excellent Excellent Year-over-year change in net income	24.6% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	38.2% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	2.7% Caution Caution Year-over-year change in free cash flow	330.9% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	N/M	-9.4% Weak ↑ Weak Improving Year-over-year change in free cash flow	-44.5% Weak ↑ Weak Improving Year-over-year change in free cash flow	-23.0% Weak ↑ Weak Improving Year-over-year change in free cash flow	-86.8% Weak Weak Year-over-year change in free cash flow	-1459.1% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	9.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	-6.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	25.2% Excellent Excellent Year-over-year change in free cash flow	13.4% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	12.6% Good → Good Stable Compound annual revenue growth over 3 years	9.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.5% Good ↓ Good Declining Compound annual revenue growth over 3 years	16.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	23.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	28.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	31.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	32.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	28.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	26.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	23.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	26.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	29.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	32.9% Excellent Excellent Compound annual revenue growth over 3 years	21.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	12.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	14.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	16.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	22.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	27.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	29.8% Excellent → Excellent Stable Compound annual revenue growth over 5 years	29.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	29.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	26.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	22.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	25.7% Excellent → Excellent Stable Compound annual revenue growth over 5 years	26.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	26.2% Excellent Excellent Compound annual revenue growth over 5 years	24.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	36.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	20.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	25.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	33.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	60.8% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	69.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	113.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	112.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	27.0% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	16.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	87.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	1.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-14.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-46.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	46.5% Excellent Excellent Compound annual EPS growth over 3 years	45.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	29.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+146%)	26.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	20.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+72%)	17.8% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+48%)	20.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+74%)	18.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	12.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	10.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	7.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	4.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	4.5% Weak → Weak Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	7.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	1.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	11.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	13.1% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	11.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	8.9% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	7.6% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	—
Effective Tax Rate (%) (%)	13.7% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	24.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+204%)	22.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+179%)	16.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	14.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+78%)	17.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+115%)	11.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	9.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	2.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	1.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	2.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	0.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	7.1% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-12%)	7.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	6.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	6.1% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-24%)	5.5% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	—
FCF Margin (%) (%)	20.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-15.6% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-18.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-16.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-17.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-12.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-1.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	11.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.7% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	19.3% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.86x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.28x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.03x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-1.68x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.36x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.51x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-8.47x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-6.85x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.39x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.09x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.51x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.41x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.89x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	3.50x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	28.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	23.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	17.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.7% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	17.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	6.3% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.3% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	11.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	9.8% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	4.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	46.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	77.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	38.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	27.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	16.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	24.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	19.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.3% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.6% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	13.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	5.7% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	12.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	28.9% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	28.2% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	19.7% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	41.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+175%)	35.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+135%)	26.3% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+75%)	21.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+44%)	32.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+115%)	25.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	24.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	23.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+54%)	15.6% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	5.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	14.4% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	35.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+135%)	55.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+270%)	58.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+288%)	23.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+59%)	15.5% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.54x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-10%)	0.71x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.69x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.97x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+39%)	1.47x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+111%)	2.73x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+290%)	2.84x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+306%)	2.53x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+261%)	1.26x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+79%)	1.07x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+52%)	0.48x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-32%)	0.37x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.27x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-62%)	—	—	1.00x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+43%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—
Interest Coverage (x)	18.54x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.44x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	9.94x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.98x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.09x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.97x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.16x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.82x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.52x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	2.53x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.30x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	8.02x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.84x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	2.50x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	18.78x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.45x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	29.64x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	49.43x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	77.25x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$5.43B	$7.78B	$7.43B	$9.21B	$9.37B	$8.10B	$15.71B	$11.08B	$6.23B	$1.90B	$562.03M	$-227.76M	$-104.97M	$-90.29M	$-508.05M	$-194.50M	$65.78M	$-139.88M	$-177.44M	$-400.43M
Debt / EBITDA (x)	1.06x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.45x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.99x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.40x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.40x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.47x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.65x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.81x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.94x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.69x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.44x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.94x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.81x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.10x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	1.04x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$10.63	$9.08	$7.64	$7.11	$6.70	$5.67	$4.60	$3.63	$2.71	$2.06	$1.59	$1.31	$1.07	$0.93	$0.87	$0.59	$0.42	$0.32	$0.26	—
Basic EPS, GAAP (USD)	$2.58	$2.03	$1.23	$1.01	$1.16	$0.63	$0.43	$0.28	$0.13	$0.04	$0.03	$0.06	$0.03	$0.00	$0.06	$0.04	$0.03	$0.02	$0.01	—
Free Cash Flow per Share (USD)	$2.23	$1.61	$1.57	$0.36	$-0.03	$0.44	$-0.72	$-0.66	$-0.45	$-0.37	$-0.20	$-0.01	$0.01	$-0.00	$0.07	$0.07	$0.07	$0.06	$0.05	—
Book Value per Share (USD)	$6.30	$5.78	$4.76	$4.67	$3.57	$2.50	$1.73	$1.20	$0.83	$0.62	$0.52	$0.44	$0.32	$0.19	$0.17	$0.08	$0.05	$0.08	$0.09	—
Tangible Book Value per Share (USD)	$6.30	$5.78	$4.76	$4.67	$3.57	$2.50	$1.73	$1.20	$0.83	$0.62	$0.52	$0.44	$0.32	$0.19	$0.17	$0.08	$0.05	$0.08	$0.09	—
Basic Weighted Avg Shares (shares)	4.25B	4.30B	4.42B	4.45B	4.43B	4.41B	4.38B	4.35B	4.32B	4.29B	4.26B	4.21B	4.07B	3.89B	3.70B	3.68B	3.96B	4.27B	4.70B	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$2.04B	$2.34B	$1.06B	$1.34B	$-419.14M	$1.96B	$-677.19M	$3.21B	$2.20B	$1.13B	$1.90B	$1.26B	$904.56M	$564.87M	$605.80M	$248.65M	$184.64M	$142.91M	—	—
LT Debt (USD)	$13.46B	$13.80B	$14.14B	$14.35B	$14.69B	$15.81B	$20.72B	$14.87B	$9.05B	$3.36B	$2.37B	$885.85M	$500.00M	$200.00M	—	—	$200.00M	$0.00	—	—
Total Equity (USD)	$26.62B	$24.74B	$20.59B	$20.78B	$15.85B	$11.07B	$7.58B	$5.24B	$3.58B	$2.68B	$2.22B	$1.86B	$1.33B	$744.67M	$642.81M	$290.16M	$199.14M	$347.15M	$429.81M	$413.62M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$45.18B	$39.00B	$33.72B	$31.62B	$29.70B	$25.00B	$20.16B	$15.79B	$11.69B	$8.83B	$6.78B	$5.50B	$4.37B	$3.61B	$3.20B	$2.16B	$1.67B	$1.36B	$1.21B	—
Depreciation Expense (USD)	$333.39M	$328.91M	$356.95M	$336.68M	$208.41M	$115.71M	$103.58M	$83.16M	$71.91M	$57.53M	$62.28M	$54.03M	$48.37M	$45.47M	—	—	—	—	—	—
Net Income, GAAP (USD)	$10.98B	$8.71B	$5.41B	$4.49B	$5.12B	$2.76B	$1.87B	$1.21B	$558.93M	$186.68M	$122.64M	$266.80M	$112.40M	$17.15M	$226.13M	$160.85M	$115.86M	$83.03M	$66.61M	—
Operating Cash Flow (USD)	$10.15B	$7.36B	$7.27B	$2.03B	$392.61M	$2.43B	$-2.89B	$-2.68B	$-1.79B	$-1.47B	$-749.44M	$16.48M	$97.83M	$21.59M	$317.71M	$276.40M	$325.06M	$284.04M	$277.42M	—

NETFLIX INC

Analytical Summary

20-Year Financial Trajectory

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