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Netflix, Inc.

NFLX NASDAQ Categories PDF
Communication Services · Entertainment · United States · Updated May 11, 12:49pm
$86.01
Price
$362.2B
Market Cap
14,000
Employees
1.55
Beta
Theodore A. Sarandos
CEO
Business Description

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Business History
Price Overview
Last updated: May 11, 2026 12:49pm (just now)
$86.01
-1.47 (-1.68%)
Day Range
$85.93 – $87.34
52-Week Range
$75.01 – $134.12
50-Day MA
$95.54
200-Day MA
$103.34
Volume
15,549,101.00
Analyst Price Targets
Low $96.00
Consensus $115.59
High $152.00
(287 analysts)
Share Structure
Outstanding 4,210,800,000.00
Float 4,184,970,952.00
Free Float 99.4%
High free float — 99.4% of shares trade freely, ~0.6% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
27.16
Stock Price: $86.01
EPS (Diluted): 2.58
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
14.90
Stock Price: $86.01
Total Equity: $26.62B
Shares: 4,317,144,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
10.78
Market Cap: $362.17B
Total Debt: $14.46B
Cash: $9.03B
EBITDA: $30.25B
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$402.0B
Market Cap: $362.17B
Total Debt: $14.46B
Cash: $9.03B
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
48.5%
Gross Profit: $21.91B
Revenue: $45.18B
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
29.5%
Operating Income: $13.33B
Revenue: $45.18B
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
24.3%
Net Income: $10.98B
Revenue: $45.18B
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
49.2%
Net Income: $10.98B
Total Equity: $26.62B
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
23.1%
Operating Income: $13.33B
Tax Rate: 13.7%
Equity: $26.62B
Total Debt: $14.46B
Cash: $9.03B
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.19
Current Assets: $13.02B
Current Liabilities: $10.98B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.54
Short-Term Debt: $998.87M
Long-Term Debt: $13.46B
Total Debt: $14.46B
Total Equity: $26.62B
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$10.47
Revenue: $45.18B
Shares: 4,317,144,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$6.17
Total Equity: $26.62B
Shares: 4,317,144,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$2.19
Operating CF: $10.15B
CapEx: -$688.22M
Shares: 4,317,144,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $86.01
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $10.98B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NFLX against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $29.7B $31.6B $33.7B $39.0B $45.2B
Cost of Revenue $17.3B $19.2B $19.7B $21.0B $23.3B
Gross Profit $12.4B $12.4B $14.0B $18.0B $21.9B
Operating Expenses $6.2B $6.8B $7.1B $7.5B $8.6B
Operating Income $6.2B $5.6B $7.0B $10.4B $13.3B
Net Income $5.1B $4.5B $5.4B $8.7B $11.0B
EBITDA $19.0B $20.3B $21.5B $26.3B $30.3B
EPS $1.16 $1.01 $1.23 $2.03 $2.58
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $6.0B $5.1B $7.1B $7.8B $9.0B
Total Current Assets $8.1B $9.3B $9.9B $13.1B $13.0B
Total Assets $44.6B $48.6B $48.7B $53.6B $55.6B
Current Liabilities $8.5B $7.9B $8.9B $10.8B $11.0B
Long-Term Debt $14.7B $14.4B $14.1B $13.8B $13.5B
Total Liabilities $28.7B $27.8B $28.1B $28.9B $29.0B
Total Equity $15.8B $20.8B $20.6B $24.7B $26.6B
Retained Earnings $12.7B $17.2B $22.6B $31.3B $42.3B
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $392.6M $2.0B $7.3B $7.4B $10.1B
Capital Expenditure -$524.6M -$407.7M -$348.6M -$439.5M -$688.2M
Free Cash Flow -$132.0M $1.6B $6.9B $6.9B $9.5B
Acquisitions (net) -$788.3M -$757.4M $0 $0 -$17.2M
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$600.0M $0 -$6.0B -$6.3B -$9.1B
Net Change in Cash -$2.2B -$884.5M $1.9B $688.8M $1.2B
Analyst Estimates (Annual)
Metric 2027 2028 2029 2030
Revenue $57.4B
$56.2B – $58.3B
 $63.1B
$63.0B – $63.2B
 $68.3B
$67.2B – $69.6B
 $73.8B
$72.6B – $75.2B
EBITDA $37.5B
$36.7B – $38.1B
 $41.2B
$41.2B – $41.3B
 $44.6B
$43.9B – $45.5B
 $48.2B
$47.4B – $49.1B
Net Income $16.2B
$15.7B – $17.4B
 $19.0B
$16.7B – $22.5B
 $22.9B
$22.4B – $23.4B
 $26.7B
$26.1B – $27.3B
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +6.5% +6.7% +15.6% +15.9%
Gross Profit Growth +0.7% +12.5% +28.2% +22.0%
Operating Income Growth -9.1% +23.5% +49.8% +27.9%
Net Income Growth -12.2% +20.4% +61.1% +26.1%
EBITDA Growth +6.8% +5.8% +22.3% +15.0%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-06 Peters Gregory K G-Gift 1,209.00 $0.00 $0
2026-05-07 Peters Gregory K S-Sale 27,312.00 $88.69 $2.4M
2026-05-07 Neumann Spencer Adam S-Sale 9,253.00 $88.95 $823,075
2026-05-04 Neumann Spencer Adam M-Exempt 4,748.00 $0.00 $0
2026-05-04 Neumann Spencer Adam F-InKind 4,371.00 $92.06 $402,394
2026-05-04 Neumann Spencer Adam M-Exempt 4,900.00 $0.00 $0
2026-05-04 Neumann Spencer Adam F-InKind 2,440.00 $92.06 $224,626
2026-05-04 Neumann Spencer Adam F-InKind 2,364.00 $92.06 $217,630
2026-05-04 Neumann Spencer Adam M-Exempt 8,780.00 $0.00 $0
2026-05-04 Neumann Spencer Adam M-Exempt 4,748.00 $0.00 $0
2026-05-04 Neumann Spencer Adam M-Exempt 4,900.00 $0.00 $0
2026-05-04 Neumann Spencer Adam M-Exempt 8,780.00 $0.00 $0
2026-05-04 SARANDOS THEODORE A M-Exempt 14,018.00 $0.00 $0
2026-05-04 SARANDOS THEODORE A F-InKind 12,903.00 $92.06 $1.2M
2026-05-04 SARANDOS THEODORE A M-Exempt 14,450.00 $0.00 $0
2026-05-04 SARANDOS THEODORE A F-InKind 7,194.00 $92.06 $662,280
2026-05-04 SARANDOS THEODORE A F-InKind 6,979.00 $92.06 $642,487
2026-05-04 SARANDOS THEODORE A M-Exempt 25,920.00 $0.00 $0
2026-05-05 SARANDOS THEODORE A S-Sale 13,017.00 $87.96 $1.1M
2026-05-05 SARANDOS THEODORE A S-Sale 7,256.00 $87.97 $638,338
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27