ROKU · Coteau

ROKU

Roku, Inc.

$155.54

+0.65% 2026-10-19

Communication ServicesS&P 400

1M 3M 6M 1Y 2Y

ROKUSPY

+1.8%

+1.2%

+7.9%

+31.0%

YTD

+43.4%

+65.1%

Grades vs sector

Momentum

89th pct in sector

12-1 return: +43.5%
Percentile within its GICS sector across the S&P 1500.

Growth

75th pct in sector

B+

Revenue growth (YoY): +21.9%
Percentile within its GICS sector across the S&P 1500.

Value

7th pct in sector

Forward E/P: 2.6% · EBITDA/EV: 2.8%
Percentile within its GICS sector across the S&P 1500.

Profitability

47th pct in sector

Profit margin: +6.8% · Return on equity: +13.1%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

not ranked (outside this model's universe or screens)

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Key stats

Market cap$23.1B

P/E (trailing)66.2

P/E (forward)38.8

52-week range78.53 – 159.89

Revenue growth (YoY, latest qtr)+21.9%

Dividend yield0.00%

Analyst consensusHold (20)

Mean price target$162.33 (+4%)

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 22%

▼Forward P/E vs sector38.8x vs median 11.0x

▲Piotroski F-score7/9

▲Altman Z9.4 (safe)

▲Net debt / EBITDA-8.0x

•Analyst target+4% (20 analysts)

Discounted cash flow

Bear

$81

-48%

growth 11% · disc. 14.0% · term. 2.0%

Base

$122

-22%

growth 18% · disc. 13.0% · term. 2.5%

Bull

$172

+10%

growth 23% · disc. 12.0% · 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

Today's price assumes free cash flow grows about 19% a year for 10 years.

Implied

+19%/yr

FCF, last 3 yrs

n/a

FCF, last 5 yrs

+49%/yr

Revenue, last 3 yrs

+15%/yr

Revenue, last 5 yrs

+22%/yr

Same inputs as the DCF above: trailing free cash flow 0.7B, 13.0% discount rate, 2.5% growth after year 10, net cash 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 2.05 × 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)

sector median 18.8× · 92nd pct

66.2×
pricier

Forward P/E

sector median 11.0× · 98th pct

38.8×
pricier

EV / EBITDA

sector median 12.2× · 98th pct

64.2×
pricier

Price / sales

sector median 1.9× · 74th pct

4.4×
pricier

Price / book

sector median 2.3× · 80th pct

8.2×
pricier

FCF yield

sector median 8.2% · 26th pct

3.1%
pricier

Forward EPS $4.01 vs trailing $2.35 (+71% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$626.8M

as of 2026-06-30

vs a year ago

-48%

YoY

× TTM revenue

0.12×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

45.5%

Operating margin

5.2%

FCF margin

13.6%

Net margin

6.8%

Return on equity

12.6%

Return on invested capital

94.1%

Net debt / EBITDA

-8.0×

Current ratio

2.9×

Interest cover

129.4×

Cash conversion (OCF/NI)

2.0×

Piotroski F-score 7/9 · 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 9.4 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$162

+4%

Analysts

Hold

Range

$150–$205

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$4.7B	$88.4M	$478.4M
2024	$4.1B	$-129.4M	$213.0M
2023	$3.5B	$-709.6M	$173.2M
2022	$3.1B	$-498.0M	$-149.9M
2021	$2.8B	$242.4M	$188.0M
2020	$1.8B	$-17.5M	$65.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +14.9%.

Earnings

Next report: 2026-11-05 · during market · EPS est 0.53

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-06	0.56	1.20	+113.4%
2026-04-30	0.35	0.57	+64.4%
2026-02-12	0.28	0.53	+92.2%
2025-10-30	0.09	0.16	+71.4%
2025-07-31	-0.16	0.07	+144.1%
2025-05-01	-0.25	-0.19	+24.8%
2025-02-13	-0.43	-0.24	+44.2%
2024-10-30	-0.34	0.07	+119.1%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$1.4B	+21.9%
2026-03-31	$1.2B	–
2025-12-31	$1.4B	–
2025-09-30	$1.2B	–
2025-06-30	$1.1B	–

Analyst actions

Wedbush

2026-09-24 · reit

Neutral → Neutral
PT $155

Wells Fargo

2026-08-14 · down

Overweight → Equal-Weight
PT $165

Rosenblatt

2026-08-10 · main

Buy → Buy
PT $160

UBS

2026-08-07 · main

Neutral → Neutral
PT $172

Guggenheim

2026-08-07 · down

Buy → Neutral
PT $160

Seaport Global

2026-08-07 · down

Buy → Neutral

Insider trades

Jedda Dan

CFO & COO · 2026-10-15

SELL
$1.1M

Collier Charles

President, Roku Media · 2026-10-05

SELL
$1.5M

Collier Charles

President, Roku Media · 2026-10-05

SELL
$88.2K

Collier Charles

President, Roku Media · 2026-10-05

SELL
$1.5M

Collier Charles

President, Roku Media · 2026-10-05

SELL
$64.5K

Banks Matthew C.

VP, CAO · 2026-10-01

SELL
$84.3K

Hunt Neil D

Director · 2026-10-01

SELL
$240.2K

Hunt Neil D

Director · 2026-10-01

SELL
$62.0K

Jedda Dan

CFO & COO · 2026-09-15

SELL
$1.1M

Collier Charles

President, Roku Media · 2026-09-04

SELL
$1.4M

Collier Charles

President, Roku Media · 2026-09-04

SELL
$224.9K

Collier Charles

President, Roku Media · 2026-09-04

SELL
$1.4M

News

Roku to Announce Third Quarter 2026 Financial Results on Nov. 2

Business Wire · 16h ago

The Zacks Analyst Blog Highlights Ross Stores, Roku, APA, Corcept Therapeutics and Halozyme Therapeutics

Zacks · Oct 19

Fox's $22 billion Roku bet just won over a longtime skeptic

TheStreet · Oct 18

Why Fox Can Finally Breathe a Sigh of Relief With the Roku Deal—and Why the NFL Can’t

Barrons.com · Oct 16

FOXA Stock Just Scored a Rare Double-Upgrade. Here's Why.

Barchart · Oct 16

Fox-Roku Deal Could Drive Substantial Revenue, Cost Synergies for Media Company, BofA Says in Upgrade

MT Newswires · Oct 16

Fox upgraded to Buy at Bank of America as Roku deal boosts growth outlook

Proactive · Oct 16

Workday downgraded, Fox Corp. upgraded: Wall Street's top analyst calls

The Fly · Oct 16

Stats refreshed 2026-10-19 19:02:33 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

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