StonkScan
OverviewRevenueFinancialsValuationOutlookOwnership
Price
Performance · vs S&P 500
Company
Netflix, Inc.
NASDAQ · USD
Mega cap
1.12× peer median
3.56× peer median
51% more volatile
Claude reads this page's data and writes up Netflix, Inc.'s financials, valuation and analyst coverage: built only from the figures here, with nothing pulled in from elsewhere.
Generated by an AI model from the data on this page. It can be wrong, and it isn't investment advice or a recommendation to buy or sell anything. Check every figure against the sections themselves before you rely on it.
$5.4B of net debt against $10.1B of annual operating cash flow.
Liquidity · FY25
$13.0B of current assets against $11.0B due within a year.
Liquidity · FY25
$29.7B in FY21 to $45.2B in FY25, with the latest year up 15.9%.
Growth · FY25
$24.8B of free cash flow against $34.7B of net income across 5 fiscal years.
Quality · FY25
Free cash flow of $9.5B covers the business without outside capital, on $9.1B of cash and short-term investments.
Liquidity · FY25
$45.2B of revenue against $31.9B of operating costs, leaving $13.3B.
Profitability · FY25
20.9% in FY21 to 29.5% in FY25.
Profitability · FY25
Revenue came in above consensus by 0.9% on average over the last four reports.
Quality · Jul '26
NFLX's ad business is gaining momentum as AI tools, programmatic access and advertiser growth fuel hopes for a sustained stock recovery.
After losing a real bid for a major media company, Netflix now sits on a shortlist of four potential acquisition targets, but regulatory walls, controlling shareholders, and astronomical price tags eliminate most of them before the conversation even starts.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Netflix's July earnings report failed to impress the market, and the stock continued to slide. Investors are worried about lower viewer engagement metrics and slowing growth.
I initiate coverage of Netflix with a Buy rating and a $134 price target, emphasizing its transition into a second monetization cycle. NFLX's 2026 guidance targets $51–51.4B revenue, 31.5% operating margin, $3B advertising revenue, and $12.5B FCF, supporting robust operating income growth. Despite premium P/E and EV/EBITDA multiples, the company's PEG ratio and 24%+ EPS growth justify valuation relative to slower-growing sector peers.
Grand Theft Auto VI: An Extended Look earned 31.1 million views on Netflix's English-language film list during the week of Aug. 24 to Aug. 30. Measured in hours, the 27-minute trailer accumulated 14 million, less than a third of the 44.1 million for the film that finished second.
Average month-end to month-end move for NFLXin each calendar month. Point at a bar for that month's spread: past seasonality is a tendency in a small sample, not a forecast.
+$6.2B vs FY24
FY24 → FY25
FY21 → FY25, annualized
+16.0% vs the four before
Q2 FY26 · +13.4% YoY
Share of the latest fiscal year, largest first. The line is the segment across every fiscal year we have: hover it to read one.
What each segment added to or took off the top line in dollars: ranked by the size of the move, not its percentage.
+15.9% YoY
+2.4 pp YoY
+2.8 pp YoY
+26.1% YoY
+2.0 pp YoY
+27.1% YoY
+36.7% YoY
+$599M YoY
| $ billions | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Cash & equivalents | 9.0 | 7.8 | 7.1 | 5.1 | 6.0 |
| Short-term investments | 0.0 | 1.8 | 0.0 | 0.9 | 0.0 |
| Receivables | 2.6 | 2.0 | 1.8 | 1.6 | 0.8 |
| $ billions | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating cash flow | 10.1 | 7.4 | 7.3 | 2.0 | 0.4 |
| Capital expenditure | −0.7 | −0.4 | −0.3 | −0.4 | −0.5 |
| Free cash flow | 9.5 | 6.9 | 6.9 |
P/E vs EPS growth · below the channel = cheaper for its growth
P/S vs revenue growth · below the channel = cheaper for its growth
| Ticker | P/E | Fwd P/E | PEG | P/S | Fwd P/S | PSG | EPS gr | Rev gr |
|---|---|---|---|---|---|---|---|---|
| NFLX | 25.6 | 23.0 | 1.10 | 7.1 | 6.7 | 0.58 | 21% | 12% |
| DIS | 22.1 | 15.5 | 2.28 | 1.9 | 1.8 | 0.33 | 7% | 6% |
| WBD | -22.3 | -24.7 | - | 2.0 | 2.0 | 4.00 | -41% | 1% |
| LYV | -161.4 | -520.2 | - | 1.6 | 1.5 | 0.15 | 0% | 10% |
| NWSA | 33.7 | 23.4 | 1.18 | 2.1 | 1.8 | 0.44 | 20% | 4% |
| WMG | 22.9 | 19.8 | 0.46 | 2.1 | 2.1 | 0.29 | 44% | 7% |
Dots = reported EPS vs consensus · gap = surprise · dashed = estimate ($)
Solid = reported · dashed = forward consensus · shaded = analyst low–high ($B)
Rows: discount rate (r) · Columns: terminal growth (g∞) · cell = fair value, shaded by up/downside vs 83.
Last 12M · $4M bought · $15M sold · net −$11M
| Inventory |
|---|
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| Total current assets | 13.0 | 13.1 | 9.9 | 9.3 | 8.1 |
|---|
| Property, plant & equipment | 2.0 | 1.6 | 1.5 | 1.4 | 1.3 |
|---|
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|---|
| Other non-current assets | 40.6 | 38.9 | 37.3 | 37.9 | 35.2 |
|---|
| Total assets | 55.6 | 53.6 | 48.7 | 48.6 | 44.6 |
|---|
| Accounts payable | 0.9 | 0.9 | 0.7 | 0.7 | 0.8 |
|---|
| Short-term debt | 1.0 | 1.8 | 0.4 | 0.0 | 0.7 |
|---|
| Total current liabilities | 11.0 | 10.8 | 8.9 | 7.9 | 8.5 |
|---|
| Long-term debt | 13.5 | 13.8 | 14.1 | 14.4 | 14.7 |
|---|
| Total liabilities | 29.0 | 28.9 | 28.1 | 27.8 | 28.7 |
|---|
| Shareholders’ equity | 26.6 | 24.7 | 20.6 | 20.8 | 15.8 |
|---|
Fiscal year · latest five reported years
| 1.6 |
| −0.1 |
| Investing cash flow | 1.0 | −2.2 | 0.5 | −2.1 | −1.3 |
|---|
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|---|
| Share buybacks | −9.1 | −6.3 | −6.0 | 0.0 | −0.6 |
|---|
| Net debt issued / (repaid) | −1.8 | 1.4 | 0.0 | −0.7 | −0.5 |
|---|
| Financing cash flow | −10.3 | −4.1 | −6.0 | −0.7 | −1.1 |
|---|
| Net change in cash | 1.2 | 0.7 | 1.9 | −0.9 | −2.2 |
|---|
Fiscal year · outflows shown negative