NFLX
Netflix, Inc.
$68.69
-1.66% 2026-10-20
Communication ServicesS&P 500
NFLXSPY
1W
-2.5%
1M
-4.3%
3M
+0.0%
6M
-25.8%
YTD
-26.7%
1Y
-44.5%
Live chart
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Grades vs sector
Momentum19th pct in sectorD
Momentum
19th pct in sector
12-1 return: -37.8%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Growth67th pct in sectorB
Growth
67th pct in sector
Revenue growth (YoY): +13.4%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Value26th pct in sectorD+
Value
26th pct in sector
Forward E/P: 5.4% · EBITDA/EV: 4.9%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
Profitability88th pct in sectorA
Profitability
88th pct in sector
Profit margin: +28.2% · Return on equity: +49.5%
Percentile within its GICS sector across the S&P 1500.
Percentile within its GICS sector across the S&P 1500.
RevisionsNot enough data yet–
Revisions
Not enough data yet
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
30-day change in analysts' current-year EPS estimate; graded across covered stocks.
Our models
Not held by any of our 5 live models right now.
Quality Growth
not ranked (outside this model's universe or screens)
Momentum Top 15rank 478 of 499 · 12-1 momentum % -32.4
Momentum Blendnot in the current book
New Highs Growthnot ranked (outside this model's universe or screens)
Conviction 20not in the current book
News
More newsU.S. stock futures rise as SpaceX surges on upbeat earnings
Investing.com · 7h ago
Netflix (NFLX) Q3 2026 Earnings Call Transcript
Nasdaq · 8h ago
S&P 500, Dow Gain As Earnings Season Sets In, While SpaceX Aids Nasdaq After-Hours — SPCX, BA, MMM, NFLX, QCOM In Focus
Stocktwits · 9h ago
Netflix Cut Its Ad Revenue Forecast by $300 Million. Does That Matter More Than Its Earnings Beat?
Nasdaq · 10h ago
Why is Netflix stock sliding today?
Investing.com · 11h ago
Key stats
Market cap$286.0B
P/E (trailing)19.9
P/E (forward)18.1
52-week range65.08 – 116.73
Revenue growth (YoY, latest qtr)+13.4%
Dividend yield0.00%
Analyst consensusBuy (45)
Mean price target$90.75 (+32%)
Valuation and fundamentals
Valuation & fundamentals
Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 31%
▼Forward P/E vs sector18.1x vs median 11.0x
•Piotroski F-score6/9
▲Altman Z9.0 (safe)
▲Net debt / EBITDA0.4x
▲Analyst target+32% (45 analysts)
Discounted cash flow
Bear
$31
-55%
growth 8% · disc. 13.3% · term. 2.0%
Base
$47
-31%
growth 13% · disc. 12.3% · term. 2.5%
Bull
$66
-4%
growth 16% · disc. 11.3% · term. 3.0%
A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.
Reverse DCFfor context, not a signal
A normal DCF guesses future cash flows and works out a price. A reverse DCF runs it backwards: it starts from today's price and asks how fast free cash flow would have to grow to justify it. It tells you what the market is assuming, not whether the stock is cheap or expensive, and it is not a buy or sell signal. Glossary
Today's price assumes free cash flow grows about 16% a year for 10 years.
Implied
+16%/yr
FCF, last 3 yrs
+80%/yr
FCF, last 5 yrs
+37%/yr
Revenue, last 3 yrs
+13%/yr
Revenue, last 5 yrs
+13%/yr
Same inputs as the DCF above: trailing free cash flow 11.2B, 12.3% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–
Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.61 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.
Multiples vs Communication Services
P/E (trailing)
pricier
sector median 18.8× · 50th pct
19.9×pricier
Forward P/E
pricier
sector median 11.0× · 68th pct
18.1×pricier
EV / EBITDA
pricier
sector median 12.2× · 79th pct
19.8×pricier
Price / sales
pricier
sector median 1.9× · 80th pct
5.9×pricier
Price / book
pricier
sector median 2.3× · 84th pct
9.5×pricier
FCF yield
pricier
sector median 8.2% · 33rd pct
3.9%pricier
Forward EPS $3.80 vs trailing $3.46 (+10% expected growth). Forward P/E uses analysts' next-12-month estimate.
Quality & financial health
Gross margin
2.1%
Operating margin
29.7%
FCF margin
23.1%
Net margin
28.2%
Return on equity
45.3%
Return on invested capital
33.6%
Net debt / EBITDA
0.4×
Current ratio
1.1×
Interest cover
16.9×
Cash conversion (OCF/NI)
0.9×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✗ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved
Altman Z-score 9.0 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.
Analysts
Mean target
$91
+32%
Analysts
45
Buy
Range
$57–$126
low – high
● price · ◆ mean target
Annual history
| FY | Revenue | Net income | Free cash flow |
|---|---|---|---|
| 2025 | $45.2B | $11.0B | $9.5B |
| 2024 | $39.0B | $8.7B | $6.9B |
| 2023 | $33.7B | $5.4B | $6.9B |
| 2022 | $31.6B | $4.5B | $1.6B |
| 2021 | $29.7B | $5.1B | $-132.0M |
| 2020 | $25.0B | $2.8B | $1.9B |
From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +12.6%.
Earnings
Next report: –
EstimateActual (beat)Actual (miss)
| Report | EPS est | Actual | Surprise |
|---|---|---|---|
| 2026-10-20 | 0.82 | 0.87 | +5.8% |
| 2026-07-16 | 0.79 | 0.80 | +1.4% |
| 2026-04-16 | 1.32 | 1.23 | -6.9% |
| 2026-01-20 | 0.55 | 0.56 | +1.4% |
| 2025-10-21 | 0.70 | 0.59 | -15.8% |
| 2025-07-17 | 0.71 | 0.72 | +1.9% |
| 2025-04-17 | 0.57 | 0.66 | +16.4% |
| 2025-01-21 | 0.42 | 0.43 | +1.8% |
Quarterly revenue
| Quarter | Revenue | YoY |
|---|---|---|
| 2026-06-30 | $12.6B | +13.4% |
| 2026-03-31 | $12.2B | – |
| 2025-12-31 | $12.1B | – |
| 2025-09-30 | $11.5B | – |
| 2025-06-30 | $11.1B | – |
Analyst actions
BMO Capital
PT $125
2026-10-16 · main
Outperform → OutperformPT $125
Wedbush
PT $90
2026-10-16 · main
Outperform → OutperformPT $90
Rosenblatt
PT $75
2026-10-16 · main
Neutral → NeutralPT $75
Keybanc
PT $85
2026-10-13 · main
Overweight → OverweightPT $85
Morgan Stanley
PT $80
2026-10-08 · main
Overweight → OverweightPT $80
Barclays
PT $70
2026-10-07 · main
Equal-Weight → Equal-WeightPT $70
Insider trades
Barton Richard N
$54.2K
Director · 2026-09-10
SELL$54.2K
Barton Richard N
$54.9K
Director · 2026-09-09
SELL$54.9K
Barton Richard N
$55.9K
Director · 2026-09-08
SELL$55.9K
Neumann Spencer Adam
$700.9K
Chief Financial Officer · 2026-08-10
SELL$700.9K
Peters Gregory K
$2.0M
Director, Co-CEO · 2026-08-06
SELL$2.0M
Barton Richard N
$162.2K
Director · 2026-08-05
SELL$162.2K
Hyman David A
$416.9K
Chief Legal Officer · 2026-08-04
SELL$416.9K
Sarandos Theodore A
$2.0M
Director, Co-CEO · 2026-08-04
SELL$2.0M
Sarandos Theodore A
$6.0M
Director, Co-CEO · 2026-08-03
SELL$6.0M
Sarandos Theodore A
$1.8M
Director, Co-CEO · 2026-08-03
SELL$1.8M
None
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None · None
SELL–
None
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None · None
SELL–
Stats refreshed 2026-10-21 01:36:41 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now
coteau
Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.