NFLX - Netflix, Inc. Report

Netflix, Inc. (NFLX : NMS)

Sector: Communication Services | Industry: Entertainment

$79.59

-0.55 (-0.69%)

MARKET CAP

$331.41B

FCF YIELD

7.66%

CURRENT PRICE

$79.59

P/E RATIO

25.03x

Overview Financial Statements Metrics History DCF Valuation

INCOME STATEMENT (ANNUAL - 3-YEAR VIEW)

Financial Line Item	2025-12-31	2024-12-31	2023-12-31
1. REVENUE
Operating Revenue	$45.18B	$39.00B	$33.72B
Total Revenue	$45.18B	$39.00B	$33.72B
2. OPERATING EXPENSES
Reconciled Cost Of Revenue	$23.28B	$21.04B	$19.72B
Interest Expense	$776.51M	$718.73M	$748.60M
Tax Provision	$1.74B	$1.25B	$797.41M
Operating Expense	$8.58B	$7.54B	$7.05B
Research And Development	$3.39B	$2.93B	$2.68B
Selling General And Administration	$5.19B	$4.62B	$4.38B
Cost Of Revenue	$23.28B	$21.04B	$19.72B
Total Expenses	$31.86B	$28.58B	$26.77B
3. NET INCOME & EARNINGS DETAILS
Tax Effect Of Unusual Items	$0.00	$0.00	$0.00
Tax Rate For Calcs	13.70%	13.00%	13.00%
Normalized EBITDA	$30.25B	$26.31B	$21.51B
Net Income From Continuing Operation Net Minority Interest	$10.98B	$8.71B	$5.41B
Reconciled Depreciation	$16.76B	$15.63B	$14.55B
EBITDA	$30.25B	$26.31B	$21.51B
EBIT	$13.50B	$10.68B	$6.95B
Net Interest Income	$-604.05M	$-451.96M	$-748.60M
Interest Income	$172.46M	$266.78M	-
Normalized Income	$10.98B	$8.71B	$5.41B
Net Income From Continuing And Discontinued Operation	$10.98B	$8.71B	$5.41B
Total Operating Income As Reported	$13.33B	$10.42B	$6.95B
Diluted Average Shares	4.34B	4.39B	4.49B
Basic Average Shares	4.25B	4.30B	4.42B
Diluted EPS	$2.53	$1.98	$1.20
Basic EPS	$2.58	$2.03	$1.23
Diluted NI Availto Com Stockholders	$10.98B	$8.71B	$5.41B
Net Income Including Noncontrolling Interests	$10.98B	$8.71B	$5.41B
Net Income Continuous Operations	$10.98B	$8.71B	$5.41B
Pretax Income	$12.72B	$9.97B	$6.21B
Net Non Operating Interest Income Expense	$-604.05M	$-451.96M	$-748.60M
Interest Expense Non Operating	$776.51M	$718.73M	$748.60M
Interest Income Non Operating	$172.46M	$266.78M	-
Operating Income	$13.33B	$10.42B	$6.95B
Selling And Marketing Expense	$3.30B	$2.92B	$2.66B
General And Administrative Expense	$1.89B	$1.70B	$1.72B
Other Gand A	$1.89B	$1.70B	$1.72B
Gross Profit	$21.91B	$17.96B	$14.01B
Net Income Common Stockholders	$10.98B	$8.71B	$5.41B
Net Income	$10.98B	$8.71B	$5.41B

Financial Line Item	2025-12-31	2024-12-31	2023-12-31
1. ASSETS
1. Current Assets
Working Capital	$2.04B	$2.34B	$1.06B
Prepaid Assets	$498.05M	$431.92M	$408.94M
Receivables	$2.58B	$1.99B	$1.84B
Taxes Receivable	$552.00M	$653.00M	$555.00M
Accounts Receivable	$2.03B	$1.34B	$1.29B
Cash Cash Equivalents And Short Term Investments	$9.06B	$9.58B	$7.14B
Other Short Term Investments	$28.68M	$1.78B	$20.97M
Cash And Cash Equivalents	$9.03B	$7.80B	$7.12B
Cash Equivalents	$3.82B	$2.94B	$1.13B
Cash Financial	$5.21B	$4.86B	$5.99B
Current Assets	$13.02B	$13.10B	$9.92B
Other Current Assets	$876.30M	$1.10B	$529.26M
2. Long Term Assets
Tangible Book Value	$-6.16B	$-7.71B	$-11.07B
Net Tangible Assets	$-6.16B	$-7.71B	$-11.07B
Other Non Current Assets	$7.79B	$6.48B	$5.66B
Goodwill And Other Intangible Assets	$32.78B	$32.45B	$31.66B
Other Intangible Assets	$32.78B	$32.45B	$31.66B
Net PPE	$2.00B	$1.59B	$1.49B
Accumulated Depreciation	$-1.10B	$-917.54M	$-855.04M
Gross PPE	$3.10B	$2.51B	$2.35B
Leases	$1.26B	$1.03B	$1.03B
Construction In Progress	$285.01M	$228.30M	$406.49M
Other Properties	-	-	-
Machinery Furniture Equipment	$860.43M	$695.72M	$668.34M
Buildings And Improvements	$537.08M	$475.68M	$154.16M
Land And Improvements	$155.66M	$85.00M	$85.00M
Properties	$0.00	$0.00	$0.00
Total Non Current Assets	$42.58B	$40.53B	$38.81B
Total Assets	$55.60B	$53.63B	$48.73B
2. LIABILITIES
1. Current Liabilities
Current Deferred Liabilities	$1.78B	$1.52B	$1.44B
Current Deferred Revenue	$1.78B	$1.52B	$1.44B
Current Debt And Capital Lease Obligation	$998.87M	$1.78B	$399.84M
Current Debt	$998.87M	$1.78B	$399.84M
Other Current Borrowings	$998.87M	$1.78B	$399.84M
Payables And Accrued Expenses	$4.12B	$3.06B	$2.55B
Current Accrued Expenses	$3.22B	$2.16B	$1.80B
Payables	$900.61M	$899.91M	$747.41M
Accounts Payable	$900.61M	$899.91M	$747.41M
Current Liabilities	$10.98B	$10.76B	$8.86B
Other Current Liabilities	$4.08B	$4.39B	$4.47B
2. Long Term Liabilities
Net Debt	$5.43B	$7.78B	$7.43B
Total Debt	$14.46B	$15.58B	$14.54B
Other Non Current Liabilities	$4.54B	$4.33B	$5.14B
Long Term Debt And Capital Lease Obligation	$13.46B	$13.80B	$14.14B
Long Term Debt	$13.46B	$13.80B	$14.14B
Total Non Current Liabilities Net Minority Interest	$18.00B	$18.13B	$19.28B
Total Liabilities Net Minority Interest	$28.98B	$28.89B	$28.14B
3. STOCKHOLDERS' EQUITY
1. Retained Earnings
Retained Earnings	$42.28B	$31.30B	$22.59B
2. Other Stockholders' Equity
Treasury Shares Number	346.54M	247.84M	160.78M
Ordinary Shares Number	4.22B	4.28B	4.33B
Share Issued	$4.57B	$4.53B	$4.49B
Invested Capital	$41.08B	$40.33B	$35.13B
Common Stock Equity	$26.62B	$24.74B	$20.59B
Total Capitalization	$40.08B	$38.54B	$34.73B
Gains Losses Not Affecting Retained Earnings	$-580.38M	$362.16M	$-223.94M
Other Equity Adjustments	$-580.38M	$362.16M	$-223.94M
Treasury Stock	$22.37B	$13.17B	$6.92B
Capital Stock	$7.29B	$6.25B	$5.15B
Common Stock	$7.29B	$6.25B	$5.15B
Preferred Stock	$0.00	$0.00	$0.00
Stockholders Equity	$26.62B	$24.74B	$20.59B

Financial Line Item	2025-12-31	2024-12-31	2023-12-31
1. CASH FLOW FROM OPERATING ACTIVITIES
Free Cash Flow	$9.46B	$6.92B	$6.93B
Interest Paid Supplemental Data	$718.61M	$674.50M	$684.50M
Income Tax Paid Supplemental Data	-	$1.64B	$1.15B
Effect Of Exchange Rate Changes	$386.52M	$-416.33M	$82.68M
Common Stock Payments	$-9.13B	$-6.26B	$-6.05B
Long Term Debt Payments	$-1.83B	$-400.00M	$0.00
Net Business Purchase And Sale	$-17.19M	$0.00	$0.00
Net PPE Purchase And Sale	$-688.22M	$-439.54M	$-348.55M
Change In Working Capital	$-456.22M	$-33.08M	$-116.15M
Change In Other Working Capital	$-538.74M	$-368.51M	$-132.21M
Change In Other Current Assets	$-790.66M	$22.18M	$-181.00M
Change In Payables And Accrued Expense	$873.18M	$313.25M	$197.07M
Change In Accrued Expense	$881.22M	$191.90M	$103.56M
Change In Payable	$-8.04M	$121.35M	$93.50M
Change In Account Payable	$-8.04M	$121.35M	$93.50M
Other Non Cash Items	$-17.13B	$-16.51B	$-12.63B
Stock Based Compensation	$368.45M	$272.59M	$339.37M
Deferred Tax	$-442.06M	$-590.70M	$-459.36M
Depreciation Amortization Depletion	$16.76B	$15.63B	$14.55B
Depreciation And Amortization	$16.76B	$15.63B	$14.55B
Amortization Cash Flow	$16.42B	$15.30B	$14.20B
Amortization Of Intangibles	$16.42B	$15.30B	$14.20B
Depreciation	$333.39M	$328.91M	$356.95M
Operating Gains Losses	$72.35M	$-121.54M	$176.30M
Net Foreign Currency Exchange Gain Loss	$72.35M	$-121.54M	$176.30M
Net Income From Continuing Operations	$10.98B	$8.71B	$5.41B
Operating Cash Flow	$10.15B	$7.36B	$7.27B
Cash Flow From Continuing Operating Activities	$10.15B	$7.36B	$7.27B
2. CASH FLOW FROM INVESTING ACTIVITIES
Repurchase Of Capital Stock	$-9.13B	$-6.26B	$-6.05B
Capital Expenditure	$-688.22M	$-439.54M	$-348.55M
Net Other Investing Changes	-	-	-
Net Investment Purchase And Sale	$1.75B	$-1.74B	$890.30M
Sale Of Investment	$1.92B	$0.00	$1.40B
Purchase Of Investment	$-169.97M	$-1.74B	$-504.86M
Purchase Of Business	$-17.19M	$0.00	$0.00
Purchase Of PPE	$-688.22M	$-439.54M	$-348.55M
Investing Cash Flow	$1.04B	$-2.18B	$541.75M
Cash Flow From Continuing Investing Activities	$1.04B	$-2.18B	$541.75M
3. CASH FLOW FROM FINANCING ACTIVITIES
Repayment Of Debt	$-1.83B	$-400.00M	$0.00
Issuance Of Debt	$0.00	$1.79B	$0.00
Issuance Of Capital Stock	$666.97M	$832.89M	$169.99M
Net Other Financing Charges	$-51.97M	$-38.03M	$-75.45M
Net Common Stock Issuance	$-8.46B	$-5.43B	$-5.88B
Common Stock Issuance	$666.97M	$832.89M	$169.99M
Net Issuance Payments Of Debt	$-1.83B	$1.39B	$0.00
Net Long Term Debt Issuance	$-1.83B	$1.39B	$0.00
Long Term Debt Issuance	$0.00	$1.79B	$0.00
Financing Cash Flow	$-10.35B	$-4.07B	$-5.95B
Cash Flow From Continuing Financing Activities	$-10.35B	$-4.07B	$-5.95B
4. CASH RECONCILIATION
Beginning Cash Position	$7.81B	$7.12B	$5.17B
Changes In Cash	$845.34M	$1.11B	$1.87B
End Cash Position	$9.04B	$7.81B	$7.12B

FINANCIAL RATIOS & STATS

Financial Metric	Value
Trailing P/E	25.03x
Forward P/E	20.83x
Price-to-Book (P/B)	10.99x
Price-to-Sales (P/S)	6.85x
Net Profit Margin (Net Income / Revenue)	28.22%
Operating Profit Margin (EBIT / Revenue)	33.38%
Return on Equity (ROE)	49.54%
Return on Assets (ROA)	16.08%
Dividend Rate	N/A
Dividend Yield	N/A
Ex-Dividend Date	N/A
Next Earnings Date	2026-07-16