Netflix Inc (NFLX)
Communication Services · Movies & Entertainment · US stock · S&P 500 component
$70.53
▼ -2.08 (2.86%)
Fair valueFair
$81 +15.6% to fair value
$41fair band $57–$106$122
Day's range
$69.76 – $71.90
52-week range
$65.08 – $124.86
About Netflix Inc
Netflix is a streaming entertainment service that offers films, series, documentaries and games to members around the world. It produces original content and licenses titles from other studios. The company earns money mainly from monthly subscription fees, and it has added lower priced plans that include advertising. Spending on content is a major cost, and growth in members and pricing are key drivers.
Revenue for the last twelve months was $48.4 billion, and it grew by 12.6% a year over three years. The operating margin is 29.7%, and return on invested capital reached 32%. Net debt to EBITDA is 0.5 times. It does not pay a dividend. Its X-Ray Score is 57 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $65.08 – $124.86Volume 44,104,700Daily, split-adjusted
Vitals
Market cap$300.5B
52-week range$65.08 – $124.86
Volume (last day)44,104,700
P/E (TTM)17.2
EBIT / EV yield4.7%
Free-cash-flow yield3.7%
Dividend yieldNo dividend
Revenue (TTM)$48.4B
Net income (TTM)$13.6B
Operating margin29.7%
Return on capital31.5%
Debt incl. leases$16.6B
Cash & securities$9.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$81model spread $76 – $88
Fair
+15.6% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $71
Undervalued < $57Fair $57 – $106Overvalued > $106
10-year DCF (market-scaled)
$99
Peer multiples
$66
Earnings power floor (not blended)
$24
Fundamentals-adjusted multiple
$79
Growth the price implies
10.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.
Valuation
Weak
47/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.7%
Free-cash-flow yield3.7%
Fair value vs price1.2×
Growth
Fair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)12.6%
EPS growth (3y)-36.6%
Growth consistency100%
Profitability
Fair
57/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital31.5%
Operating margin29.7%
Gross profitability40.6%
Financial health
Fair
68/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.5×
Interest cover16.9×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+12.5%
Mar '25
+15.9%
Jun '25
+17.2%
Sep '25
+17.6%
Dec '25
+16.2%
Mar '26
+13.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $12.6B, diluted EPS $0.80.
Compare with peers
DIS Walt Disney Co55 TKO TKO Group Holdings, In...45 LYV Live Nation Entertainm...41Other Movies & Entertainment companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 7 Average · ● 2 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 55/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $29.7B | $31.6B | $33.7B | $39.0B | $45.2B |
| Operating income | $6.2B | $5.6B | $7.0B | $10.4B | $13.3B |
| Net income | $5.1B | $4.5B | $5.4B | $8.7B | $11.0B |
| Operating cash flow | $393M | $2.0B | $7.3B | $7.4B | $10.1B |
| Operating margin | 20.9% | 17.8% | 20.6% | 26.7% | 29.5% |
| Free cash flow | −$132M | $1.6B | $6.9B | $6.9B | $9.5B |
| Diluted EPS | $11.24 | $9.95 | $1.20 | $1.98 | $2.53 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
3 bullish · 4 neutral · 9 bearish
Weekly
Strongly bearish
1 bullish · 1 neutral · 10 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 70.25 | Bullish |
| EMA 10 | 70.67 | Bearish |
| SMA 20 | 70.32 | Bullish |
| EMA 20 | 71.30 | Bearish |
| SMA 50 | 75.09 | Bearish |
| EMA 50 | 73.58 | Bearish |
| SMA 100 | 75.51 | Bearish |
| EMA 100 | 76.91 | Bearish |
| SMA 200 | 82.88 | Bearish |
| EMA 200 | 83.06 | Bearish |
Oscillators (daily)
| RSI (14) | 45.53 | Neutral |
| MACD (12, 26) | -1.13 | Bearish |
| Momentum (12) | 1.37 | Bullish |
| Stochastic %K (14) | 61.10 | Neutral |
| Williams %R (14) | -38.90 | Neutral |
| CCI (20) | 17.91 | Neutral |
Pivot points (classic, last session)
S3 67.42 | S2 68.59 | S1 69.56 | Pivot 70.73 | R1 71.70 | R2 72.87 | R3 73.84 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
NFLX SEC filings
30 Jul 2026
8-KSEC EDGAR
Director or officer change
22 Jul 2026
8-KSEC EDGAR
Other events
21 Jul 2026
424B5SEC EDGAR
424B5
17 Jul 2026
10-QSEC EDGAR
Quarterly report
16 Jul 2026
8-KSEC EDGAR
Results of operations
5 Jun 2026
8-KSEC EDGAR
Shareholder vote results; Other events
23 Apr 2026
8-KSEC EDGAR
Other events
17 Apr 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.