Communication Services · S&P 500 · data as of 2026-10-05
NFLX stock analysis: Netflix Netflix (NFLX) is an S&P 500 company in Movies & Entertainment. It grades weakest on value and momentum.
The model's view of NFLX · subscribers Where NFLX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.
See plans What's happening with NFLX · updated 2026-10-05 · from prices and SEC filings Next results expected around Oct 20 , based on the company's filing history.Shares fell 18.2% over the past month , behind the S&P 500 (+0.4%) and behind its sector (-5.9%).Trading near its 52-week low .NFLX price performance NFLX against the S&P 500, one year
-40% -20% +0% +20% S&P 500 +18% NFLX -44% 2025-09-29 2026-10-05 Year to date -28.0% S&P 500 +14.5% · behind by 42.5 pts
1 year -41.5% S&P 500 +17.0% · behind by 58.5 pts
3 years +81.2% S&P 500 +89.3% · behind by 8.1 pts
5 years +6.3% S&P 500 +91.3% · behind by 85.0 pts
Total returns with dividends reinvested.
NFLX factor grades Each grade compares NFLX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.
C- Value FCF yield 4.0% (industry 4.6%)
B- Growth Revenue growth +16% (industry +13%) EPS growth -139% (industry -82%)
B+ Profitability Operating margin 29.7% (industry 18.4%) ROIC 33.6% (industry 11.8%)
D Momentum 12-month change -41% From 52-wk high -46%
NFLX in plain numbers Earnings per share fell 139% over the last 12 months, a bigger decline than 18 of the other 19 Communication Services companies Torvanta covers. The stock fell 41% over the past 12 months, a bigger decline than 22 of the other 24 Communication Services companies Torvanta covers. It earns 34% a year on the capital invested in the business, higher than 16 of the other 19 Communication Services companies Torvanta covers. Its operating margin is 30% (operating profit per dollar of sales), higher than 16 of the other 19 Communication Services companies Torvanta covers. NFLX key statistics Sector Communication Services
Industry Movies & Entertainment
Index S&P 500
Market value $281.1B
Revenue growth (y/y) +16%
Free-cash-flow yield 4.0%
Dividend yield n/a
Next earnings (expected) 2026-10-20
Valuation measures Market value $281.1B Enterprise value $286.3B Price / sales 5.8x Price / book 9.3x EV / revenue 5.9x EV / EBITDA 19.4x
Financial highlights Revenue, last 12 months $48.4B Net income, last 12 months $13.6B EPS, last 12 months (GAAP) $-14.52 Gross margin 49.1% Operating margin 29.7% Net margin 28.2% Return on equity 49.5% Return on invested capital 33.6% Cash $9.1B Total debt $14.3B Debt / equity 0.47x Free cash flow, last 12 months $11.2B Interest cover 16.9x Current ratio 1.14x
Company figures from its latest SEC filings; market value and returns from end-of-day prices.
NFLX earnings trends Revenue vs earnings Quarterly Annual
$0 $3.1B $6.3B $9.4B $12.6B Sep 2024 Revenue: $9.8B Dec 2024 Revenue: $10.2B Mar 2025 Revenue: $10.5B Jun 2025 Revenue: $11.1B Sep 2025 Revenue: $11.5B Dec 2025 Revenue: $12.1B Mar 2026 Revenue: $12.2B Jun 2026 Revenue: $12.6B Sep 2024 Net income: $2.4B Dec 2024 Net income: $1.9B Mar 2025 Net income: $2.9B Jun 2025 Net income: $3.1B Sep 2025 Net income: $2.5B Dec 2025 Net income: $2.4B Mar 2026 Net income: $5.3B Jun 2026 Net income: $3.4B Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Net margin: 24.1% Net margin: 18.2% Net margin: 27.4% Net margin: 28.2% Net margin: 22.1% Net margin: 20.1% Net margin: 43.1% Net margin: 27.1% 0% 22% 43% ■ Revenue ■ Net income ━ Net margin $0 $11.3B $22.6B $33.9B $45.2B FY2021 Revenue: $29.7B FY2022 Revenue: $31.6B FY2023 Revenue: $33.7B FY2024 Revenue: $39.0B FY2025 Revenue: $45.2B FY2021 Net income: $5.1B FY2022 Net income: $4.5B FY2023 Net income: $5.4B FY2024 Net income: $8.7B FY2025 Net income: $11.0B FY2021 FY2022 FY2023 FY2024 FY2025 Net margin: 17.2% Net margin: 14.2% Net margin: 16.0% Net margin: 22.3% Net margin: 24.3% 0% 12% 24% ■ Revenue ■ Net income ━ Net margin Earnings per share $-17.1 $-12.6 $-8.0 $-3.4 $1.2 Sep 2024 EPS (GAAP, diluted): $0.5 Dec 2024 EPS (GAAP, diluted): $0.4 Mar 2025 EPS (GAAP, diluted): $0.7 Jun 2025 EPS (GAAP, diluted): $0.7 Sep 2025 EPS (GAAP, diluted): $0.6 Dec 2025 EPS (GAAP, diluted): $-17.1 Mar 2026 EPS (GAAP, diluted): $1.2 Jun 2026 EPS (GAAP, diluted): $0.8 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 ■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +9% · Dec 2025 -4114% · Mar 2026 +86% · Jun 2026 +11%
From the company's 10-Q and 10-K filings with the SEC.
Netflix financials (from SEC filings) NFLX earnings history Reported EPS (GAAP) EPS y/y Revenue y/y Stock vs S&P 500, 2 days 2026-07-16 $0.80 +11% +13% -4.9% 2026-04-16 $1.23 +86% +16% -11.1% 2026-01-20 $-17.14 -4114% +18% -2.1% 2025-10-21 $0.59 +9% +17% -9.3% 2025-07-17 $0.72 +47% +16% -3.8% 2025-04-17 $0.66 +25% +13% +5.0%
About Netflix Headquarters Los Gatos, CA
Industry (SEC code) Services-Video Tape Rental
Fiscal year ends December 31
Incorporated in DE
Listed on Nasdaq
Formerly NETFLIX COM INC
From the company's SEC registration record.
Companies similar to NFLX All Communication Services stock ratings
Frequently asked questions Is NFLX stock a buy? Torvanta does not tell individuals what to buy. Its grades for NFLX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.
When does NFLX report earnings next? Based on its filing history, Torvanta expects Netflix to report around 2026-10-20.
How has NFLX performed against the S&P 500? Over the past year NFLX returned -41.5%, against +17.0% for the S&P 500, dividends reinvested.
See the model's view Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.
See plans Or get the free weekly newsletter Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.
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