Netflix, Inc.

NFLXNASDAQ

$66.95

Last price · USD

Market cap: $289.0B
P/E: 26.5x
EV / EBITDA: 9.7x
P/S: 6.4x
FCF yield: 3.3%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Netflix, Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	9,034	7,805	7,117	5,147	6,028	+10.6%
Short-term investments	29	1,779	21	911	0	—
Cash & short-term investments	9,062	9,584	7,138	6,058	6,028	+10.7%
Net receivables	2,583	1,988	1,842	1,587	804	+33.9%
Accounts receivable	2,031	1,335	1,287	989	804	+26.1%
Other receivables	552	653	555	598	0	—
Prepaids	498	432	409	393	324	+11.4%
Other current assets	876	1,096	529	1,228	914	-1.0%
Total current assets	13,020	13,100	9,918	9,266	8,070	+12.7%
Non-current assets
Property, plant & equipment (net)	2,004	1,594	1,491	1,398	1,323	+10.9%
Intangible assets	32,778	32,452	31,658	32,737	30,920	+1.5%
Goodwill & intangible assets	32,778	32,452	31,658	32,737	30,920	+1.5%
Long-term investments	0	0	0	0	24	—
Other non-current assets	7,794	6,484	5,664	5,173	4,248	+16.4%
Total non-current assets	42,577	40,530	38,814	39,328	36,515	+3.9%
Total assets	55,597	53,630	48,732	48,595	44,585	+5.7%
Current liabilities
Accounts payable	901	900	747	672	837	+1.8%
Total payables	901	900	747	672	837	+1.8%
Short-term debt	999	1,784	400	0	700	+9.3%
Capital lease obligations (current)	0	428	383	0	315	—
Deferred revenue	1,776	1,521	1,443	1,265	1,209	+10.1%
Other current liabilities	4,085	3,965	4,083	4,480	3,978	+0.7%
Total current liabilities	10,981	10,755	8,861	7,931	8,489	+6.6%
Non-current liabilities
Long-term debt	13,464	13,798	14,143	14,353	14,693	-2.2%
Capital lease obligations (non-current)	0	1,984	2,047	0	2,408	—
Other non-current liabilities	4,537	2,349	3,093	5,533	3,145	+9.6%
Total non-current liabilities	18,001	18,131	19,283	19,886	20,246	-2.9%
Capital lease obligations	0	2,412	2,430	0	2,724	—
Total debt	14,463	17,995	16,973	14,353	18,117	-5.5%
Total liabilities	28,982	28,887	28,144	27,817	28,735	+0.2%
Stockholders' equity
Common stock	7,286	6,252	5,145	4,638	4,025	+16.0%
Retained earnings	42,282	31,301	22,589	17,181	12,689	+35.1%
Treasury stock	(22,373)	(13,172)	(6,922)	(824)	(824)	—
Accumulated other comprehensive income (loss)	(580)	362	(224)	(217)	(40)	—
Total stockholders' equity	26,615	24,744	20,588	20,777	15,849	+13.8%
Total equity	26,615	24,744	20,588	20,777	15,849	+13.8%
Total liabilities & equity	55,597	53,630	48,732	48,595	44,585	+5.7%
Additional fields
Accrued Expenses	3,221	2,157	1,804	1,515	1,449	+22.1%
Net Debt	5,429	10,190	9,856	9,206	12,089	-18.1%
Total Investments	29	1,779	21	911	24	+4.4%

Netflix, Inc.

NFLXNASDAQ

$66.95

Last price · USD

Market cap: $289.0B
P/E: 26.5x
EV / EBITDA: 9.7x
P/S: 6.4x
FCF yield: 3.3%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Netflix, Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	9,034	7,805	7,117	5,147	6,028	+10.6%
Short-term investments	29	1,779	21	911	0	—
Cash & short-term investments	9,062	9,584	7,138	6,058	6,028	+10.7%
Net receivables	2,583	1,988	1,842	1,587	804	+33.9%
Accounts receivable	2,031	1,335	1,287	989	804	+26.1%
Other receivables	552	653	555	598	0	—
Prepaids	498	432	409	393	324	+11.4%
Other current assets	876	1,096	529	1,228	914	-1.0%
Total current assets	13,020	13,100	9,918	9,266	8,070	+12.7%
Non-current assets
Property, plant & equipment (net)	2,004	1,594	1,491	1,398	1,323	+10.9%
Intangible assets	32,778	32,452	31,658	32,737	30,920	+1.5%
Goodwill & intangible assets	32,778	32,452	31,658	32,737	30,920	+1.5%
Long-term investments	0	0	0	0	24	—
Other non-current assets	7,794	6,484	5,664	5,173	4,248	+16.4%
Total non-current assets	42,577	40,530	38,814	39,328	36,515	+3.9%
Total assets	55,597	53,630	48,732	48,595	44,585	+5.7%
Current liabilities
Accounts payable	901	900	747	672	837	+1.8%
Total payables	901	900	747	672	837	+1.8%
Short-term debt	999	1,784	400	0	700	+9.3%
Capital lease obligations (current)	0	428	383	0	315	—
Deferred revenue	1,776	1,521	1,443	1,265	1,209	+10.1%
Other current liabilities	4,085	3,965	4,083	4,480	3,978	+0.7%
Total current liabilities	10,981	10,755	8,861	7,931	8,489	+6.6%
Non-current liabilities
Long-term debt	13,464	13,798	14,143	14,353	14,693	-2.2%
Capital lease obligations (non-current)	0	1,984	2,047	0	2,408	—
Other non-current liabilities	4,537	2,349	3,093	5,533	3,145	+9.6%
Total non-current liabilities	18,001	18,131	19,283	19,886	20,246	-2.9%
Capital lease obligations	0	2,412	2,430	0	2,724	—
Total debt	14,463	17,995	16,973	14,353	18,117	-5.5%
Total liabilities	28,982	28,887	28,144	27,817	28,735	+0.2%
Stockholders' equity
Common stock	7,286	6,252	5,145	4,638	4,025	+16.0%
Retained earnings	42,282	31,301	22,589	17,181	12,689	+35.1%
Treasury stock	(22,373)	(13,172)	(6,922)	(824)	(824)	—
Accumulated other comprehensive income (loss)	(580)	362	(224)	(217)	(40)	—
Total stockholders' equity	26,615	24,744	20,588	20,777	15,849	+13.8%
Total equity	26,615	24,744	20,588	20,777	15,849	+13.8%
Total liabilities & equity	55,597	53,630	48,732	48,595	44,585	+5.7%
Additional fields
Accrued Expenses	3,221	2,157	1,804	1,515	1,449	+22.1%
Net Debt	5,429	10,190	9,856	9,206	12,089	-18.1%
Total Investments	29	1,779	21	911	24	+4.4%