Netflix (NFLX) Stock Analysis
This is a peer-relative look at Netflix (NFLX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Media & Entertainment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | NFLX |
|---|---|
| Name | Netflix, Inc. |
| Country/Region | United States |
| GICS Sector | Communication Services |
| GICS Industry Group | Media & Entertainment |
| GICS Industry | Entertainment |
| GICS Sub-Industry | Movies & Entertainment |
| Market Capitalization | 285.94 billion USD |
| Currency | USD |
| Exchange | Nasdaq |
| Listing Date | May 23, 2002 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Total Return (1Y) | -44.32% | 0.58% |
| Total Return (3Y, Annualized) | 17.11% | 5.69% |
| Total Return (5Y, Annualized) | 5.98% | -8.38% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 34.77% | 46.53% |
| Beta (5Y) | 1.53 | 0.96 |
| Max Drawdown (5Y) | -75.95% | -75.28% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | -1.39 | -0.07 |
| Sortino Ratio (1Y) | -1.83 | -0.09 |
Profitability
ROE (TTM)
Netflix (NFLX) posts ROE of 49.54%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.
NFLX
Media & Entertainment industry group
49.54%
Group distribution
- NFLX
- 49.54%
- Max
- 38.89%
- Q3
- 16.35%
- Median
- 6.52%
- Q1
- -3.39%
- Min
- -29.59%
Largest peers
- NFLX
- 49.54%
- GOOGL
- 38.89%
- GOOG
- 38.89%
- SPOT
- 37.99%
- META
- 32.93%
- CMCSA
- 20.92%
- DIS
- 11.01%
Net Margin (TTM)
Netflix (NFLX) keeps 28.22% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.
NFLX
Media & Entertainment industry group
28.22%
Group distribution
- Max
- 30.77%
- NFLX
- 28.22%
- Q3
- 11.05%
- Median
- 3.73%
- Q1
- -3.12%
- Min
- -24.17%
Largest peers
- GOOGL
- 37.92%
- GOOG
- 37.92%
- META
- 32.84%
- NFLX
- 28.22%
- SPOT
- 15.45%
- CMCSA
- 15.00%
- DIS
- 11.54%
Operating Margin (TTM)
Netflix (NFLX) turns 33.38% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.
NFLX
Media & Entertainment industry group
33.38%
Group distribution
- Max
- 41.37%
- NFLX
- 33.38%
- Q3
- 15.96%
- Median
- 7.22%
- Q1
- -3.48%
- Min
- -27.39%
Largest peers
- META
- 40.62%
- GOOGL
- 36.12%
- GOOG
- 36.12%
- NFLX
- 33.38%
- SPOT
- 15.77%
- DIS
- 15.51%
- CMCSA
- 13.15%
Profitability Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| ROE (TTM) | 49.54% | 6.52% |
| ROA (TTM) | 16.09% | 2.70% |
| Net Margin (TTM) | 28.22% | 3.73% |
| Operating Margin (TTM) | 33.38% | 7.22% |
| Gross Margin (TTM) | 49.12% | 50.70% |
Growth
Revenue Growth
Netflix (NFLX) grew revenue 15.85%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.
EPS Growth
Netflix (NFLX) grew earnings per share 27.58%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.
Growth Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 15.85% | 3.45% |
| Revenue Growth (3Y CAGR) | 12.64% | 5.10% |
| EPS Growth (YoY) | 27.58% | 1.00% |
| EPS Growth (3Y CAGR) | 36.49% | 25.39% |
Financial Strength
Current Ratio (MRQ)
Netflix (NFLX) has current ratio of 1.14, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.
NFLX
Media & Entertainment industry group
1.14
Group distribution
- Max
- 4.37
- Q3
- 2.40
- Median
- 1.44
- NFLX
- 1.14
- Q1
- 1.02
- Min
- 0.31
Largest peers
- META
- 2.35
- SPOT
- 2.06
- GOOGL
- 1.92
- GOOG
- 1.92
- NFLX
- 1.14
- CMCSA
- 0.87
- DIS
- 0.68
Debt / Equity (MRQ)
Netflix (NFLX) has debt-to-equity ratio of 0.55, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.
NFLX
Media & Entertainment industry group
0.55
Group distribution
- Max
- 2.46
- Q3
- 1.10
- NFLX
- 0.55
- Median
- 0.47
- Q1
- 0.13
- Min
- 0.00
Largest peers
- CMCSA
- 1.07
- NFLX
- 0.55
- DIS
- 0.41
- META
- 0.36
- GOOGL
- 0.20
- GOOG
- 0.20
- SPOT
- 0.06
Financial Strength Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.14 | 1.44 |
| Debt / Equity (MRQ) | 0.55 | 0.47 |
| Net Debt / EBITDA | 0.51 | 1.23 |
Dividends
Dividend Yield (TTM)
Netflix (NFLX) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
NFLX
Media & Entertainment industry group
0.00%
Group distribution
- Max
- 1.97%
- Q3
- 0.88%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CMCSA
- 5.55%
- DIS
- 1.56%
- META
- 0.33%
- GOOG
- 0.24%
- GOOGL
- 0.24%
- NFLX
- 0.00%
- SPOT
- 0.00%
Dividend Payout Ratio (TTM)
Netflix (NFLX) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
NFLX
Media & Entertainment industry group
0.00%
Group distribution
- Max
- 41.30%
- Q3
- 17.37%
- NFLX
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CMCSA
- 25.88%
- DIS
- 20.00%
- META
- 7.64%
- GOOGL
- 6.41%
- GOOG
- 6.41%
- NFLX
- 0.00%
- SPOT
- 0.00%
Dividend Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Netflix (NFLX) trades at P/E ratio of 21.26, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.
NFLX
Media & Entertainment industry group
21.26
Group distribution
- Max
- 78.62
- Q3
- 41.37
- Median
- 23.47
- NFLX
- 21.26
- Q1
- 12.58
- Min
- 1.74
Largest peers
- SPOT
- 33.55
- GOOGL
- 26.89
- GOOG
- 26.41
- META
- 23.47
- NFLX
- 21.26
- DIS
- 15.43
- CMCSA
- 4.66
P/S Ratio (TTM)
Netflix (NFLX) trades at 5.91 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.
NFLX
Media & Entertainment industry group
5.91
Group distribution
- Max
- 7.60
- NFLX
- 5.91
- Q3
- 3.84
- Median
- 1.52
- Q1
- 0.68
- Min
- 0.00
Largest peers
- GOOGL
- 10.03
- GOOG
- 10.00
- META
- 7.60
- NFLX
- 5.91
- SPOT
- 5.79
- DIS
- 1.72
- CMCSA
- 0.68
P/B Ratio (MRQ)
Netflix (NFLX) trades at 9.48 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.
NFLX
Media & Entertainment industry group
9.48
Group distribution
- Max
- 13.29
- NFLX
- 9.48
- Q3
- 5.93
- Median
- 2.00
- Q1
- 0.76
- Min
- -3.80
Largest peers
- SPOT
- 11.12
- NFLX
- 9.48
- GOOGL
- 8.79
- GOOG
- 8.76
- META
- 6.71
- DIS
- 1.54
- CMCSA
- 0.96
Valuation Metrics
| Metric | Current stock: NFLX | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 21.26 | 23.47 |
| P/S Ratio (TTM) | 5.91 | 1.52 |
| P/B Ratio (MRQ) | 9.48 | 2.00 |
| Free Cash Flow Yield (TTM) | 8.88% | 6.79% |