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Netflix Inc.
NFLXCommunicationGenerated Jul 5, 2026, 08:13 PM UTC
NFLX (Netflix Inc.) analytical snapshot. Revenue grew +6.7% YoY to $33.72B. 5-year revenue CAGR +10.8%; 10y CAGR +22.3%. Net margin at 16.04% (expanding ▲). Market cap $327.12B at $77.65 per share. Trailing P/E 64.71, P/S 9.70, P/B 10.51. EV/Operating income ≈ 48.23 (EV $335.40B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -12 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$327.12B
4.21B shares
Price
$77.65
NMS
P/E (ttm)
64.71
Revenue (FY)
$33.72B
YoY +6.7%
Net margin
16.04%
▲ 4.99pp
Free cash flow
$6.93B
20.54% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 70Improving
80% conf
Revenue grew +6.7% YoY to $33.72B. 5-year revenue CAGR +10.8%; 10y CAGR +22.3%. Net margin at 16.04% (expanding ▲).
- Revenue grew +6.7% YoY to $33.72B.
- 5-year revenue CAGR +10.8%; 10y CAGR +22.3%.
- Net margin at 16.04% (expanding ▲).
- Return on equity 26.03%, ROA 10.08%, ROIC 33.47%.
- Gross margin 0.00%, operating margin 20.62%.
- Free cash flow margin 20.54% ($6.93B).
- Net income up ▲ +20.4% YoY.
- Debt/equity 0.66, current ratio 1.41, net debt $8.28B.
- Asset turnover 0.55 — capital efficiency.
Revenue (FY)
$33.72B
YoY +6.7%
Net margin
16.04%
▲ 4.99pp
ROE
26.03%
ROA 10.08%
ROIC
33.47%
EPS (diluted)
$1.20
FY2025
Free cash flow
$6.93B
20.54% margin
Debt / equity
0.66
Cash $12.26B
Current ratio
1.41
Equity $31.13B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $5.50B | — | 9.57 | 7.31 | 4.85 | -$53.2M | 20.01 |
| 2017 | $6.78B | +23.2% | 8.68 | 4.51 | 1.81 | -$840.7M | 6.60 |
| 2018 | $1.96B | -71.1% | 45.76 | 2.53 | 9.54 | -$1.58B | 8.40 |
| 2019 | $11.69B | +497.3% | 11.98 | 7.17 | 4.78 | -$1.96B | 20.86 |
| 2020 | $15.79B | +35.1% | 10.45 | 10.16 | 7.67 | -$2.85B | 33.82 |
| 2021 | $20.16B | +27.6% | 0.00 | 12.92 | 9.26 | -$3.14B | 35.64 |
| 2022 | $25.00B | +24.0% | 0.00 | 18.34 | 11.05 | $1.93B | 36.42 |
| 2023 | $29.70B | +18.8% | 0.00 | 20.86 | 17.23 | -$132.0M | 46.24 |
| 2024 | $31.62B | +6.5% | 0.00 | 17.82 | 14.21 | $1.62B | 28.34 |
| 2025 | $33.72B | +6.7% | 0.00 | 20.62 | 16.04 | $6.93B | 26.03 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $10.54B | +12.5% | — | 27.42% |
| Jun 30, 2025 | $21.62B | +14.2% | +105.1% | 27.82% |
| Jun 30, 2025 | $11.08B | -41.5% | -48.8% | 54.30% |
| Sep 30, 2025 | $33.13B | +15.2% | +199.1% | 25.84% |
| Sep 30, 2025 | $11.51B | -60.0% | -65.3% | 74.39% |
| Mar 31, 2026 | $12.25B | +16.2% | +6.4% | 43.13% |
Revenue (annual, SEC 10-K)
2016: 5,505
2017: 6,780
2018: 1,958
2019: 11,693
2020: 15,794
2021: 20,156
2022: 24,996
2023: 29,698
2024: 31,616
2025: 33,723
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: -53
2017: -841
2018: -1,582
2019: -1,959
2020: -2,854
2021: -3,140
2022: 1,929
2023: -132
2024: 1,619
2025: 6,926
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 25Improving
80% conf
Latest quarterly report (10-Q) filed Apr 17, 2026. 4 recent 8-K material-event filings in the index. Recent insider Form 4s: 0 buy vs 0 sell transactions.
- Latest quarterly report (10-Q) filed Apr 17, 2026.
- 4 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Netflix Inc.; broad institutional reporting.
- Recent filers include Parallax Volatility Advisers, L.P., COGHILL CAPITAL MANAGEMENT LLC, Parallax Volatility Advisers, L.P..
- 2 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 18 recent 13G passive institutional ownership notices.
Latest 10-K
—
Latest 10-Q
Apr 17, 2026
8-K (recent)
4
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
2
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Parallax Volatility Advisers, L.P. | 13F-HR | May 14, 2021 |
| COGHILL CAPITAL MANAGEMENT LLC | 13F-HR | Feb 25, 2004 |
| Parallax Volatility Advisers, L.P. | 13F-HR | Feb 14, 2022 |
| COGHILL CAPITAL MANAGEMENT LLC | 13F-HR | Mar 1, 2004 |
| COGHILL CAPITAL MANAGEMENT LLC | 13F-HR | Nov 14, 2003 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 5, 2026 | 8-K | 8-K |
| Apr 23, 2026 | 8-K | 8-K |
| Apr 16, 2026 | 8-K | 8-K |
| Feb 27, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -47Deteriorating
66% conf
3 risk signal(s), 2 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- Going concern doubt: The term "going concern" appears in 2 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Material weakness in internal controls: The term "material weakness" appears in 24 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- Operating cash flow exceeds net income: OCF is 1.35x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Deferred revenue growing — future revenue visibility: Deferred revenue grew +27.9% to $443.5M, providing forward revenue visibility. This is a positive leading indicator for subscription or contract-based businesses.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Strong cash conversion (OCF > NI) combined with growing deferred revenue provides high forward visibility. The business model appears to generate sustainable, recurring cash flows — a positive structural indicator.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 3 new risk-language term(s) detected in filing text: Restatement of financial statements, Impairment charge, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Going concern doubt, Material weakness in internal controls.
Revenue
$33.72B
+6.7% YoY
Gross profit
$1.65B
+17.9% YoY
Operating income
$6.95B
+23.5% YoY
Net income
$5.41B
+20.4% YoY
Operating cash flow
$7.27B
+259.0% YoY
Capex
$348.6M
-14.5% YoY
Total assets
$53.63B
+10.1% YoY
Total liabilities
$28.89B
+2.6% YoY
Filing quality score
65/100
stable
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $31.62B | $33.72B | $2.11B | +6.7% |
| Gross profit | $1.40B | $1.65B | $250.1M | +17.9% |
| Operating income | $5.63B | $6.95B | $1.32B | +23.5% |
| Net income | $4.49B | $5.41B | $916.1M | +20.4% |
| Operating cash flow | $2.03B | $7.27B | $5.25B | +259.0% |
| Capex | $407.7M | $348.6M | $-59.2M | -14.5% |
| Total assets | $48.73B | $53.63B | $4.90B | +10.1% |
| Total liabilities | $28.14B | $28.89B | $743.1M | +2.6% |
| Long-term debt | $14.87B | $20.72B | $5.85B | +39.3% |
| Cash & equivalents | $7.12B | $7.80B | $687.8M | +9.7% |
| Stockholders equity | $15.85B | $20.78B | $4.93B | +31.1% |
| R&D expense | $2.71B | $2.68B | $-35.3M | -1.3% |
| Interest expense | $767.5M | $765.6M | $-1.9M | -0.2% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Removed | AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation, AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue, AdvertisingExpense, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit, DeferredIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 2 | 1 | Ongoing |
| Material weakness in internal controls | high | 24 | 2 | Ongoing |
| Restatement of financial statements | high | 1 | 0 | NEW |
| Impairment charge | medium | 19 | 0 | NEW |
| Restructuring | medium | 20 | 4 | Ongoing |
| Off-balance sheet arrangements | medium | 75 | 0 | NEW |
| Related party transactions | low | 29 | 1 | Ongoing |
Filing signal breakdown
Red flags: 3
Positive: 2
Watch: 2
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $327.12B at $77.65 per share.
- ProPrice & TechnicalsPrice $77.65 — downtrend (below 200-DMA); 1-month momentum negative.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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3 sections free · 4 Pro sections locked · composite -12
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Netflix Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewRevenue grew **+6.7%** YoY to $33.72B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NFLX stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Spotify Technology SPOT | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX | -4 | Supportive |
| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
| TJX Cos. TJX | -6 | Supportive |
| Starbucks Corp. SBUX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Workday Inc. WDAY | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Micron Technology MU | -8 | Supportive |
| CF Industries CF | -8 | Supportive |
| Lam Research Corp. LRCX | -8 | Supportive |
| Albemarle Corp. ALB | -8 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Yum Brands Inc. YUM | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Chipotle Mexican Grill CMG | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX● you | -12 | Supportive |
| Union Pacific Corp. UNP | -12 | Supportive |
| Norfolk Southern NSC | -13 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Royal Caribbean Group RCL | -15 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Zscaler Inc. ZS | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Devon Energy DVN | -16 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Texas Instruments TXN | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| Verizon Communications VZ | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Newmont Corp. NEM | -34 | Supportive |
| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |