Netflix, Inc. — NFLX

Close Price	Market Cap	P/E Ratio	Forward P/E Ratio	Implied Growth*	Implied Forward Growth*	Dividend	P/B Ratio
$88.55	$375.21B	37.1	27.3	18.1%	14.7%	-	14.5

Latest Headlines

· Trump Shares Post Accusing Netflix Of Being 'Woke' — Is President Signaling He Won't Support Warner Bros. Merger?
· As Trump Casts Doubt on the Netflix-Warner Bros. Discovery Deal, How Should You Play NFLX Stock?
· Could Netflix Throw More Cash Into Its Warner Bros. Deal? Investors Are Wondering
· Netflix Stock Falls Amid Warner Bros Acquisition Battle
· Netflix Ad-Tier Growth Accelerates: Is the Stock Finally Breaking Out?
· SKIL's AI-Native Strategy: Is Growth Painted in Its Long-Term Picture?

Revenue & Net Income

Revenue & Net Income

	Date	Revenue	Net Income	EPS	Revenue Change	Net Income Change	EPS Change
0	2020-12-31	$25.0B	$2.8B	$6.26	N/A	N/A	N/A
1	2021-12-31	$29.7B	$5.1B	$11.55	18.8%	85.3%	84.5%
2	2022-12-31	$31.6B	$4.5B	$10.10	6.5%	-12.2%	-12.6%
3	2023-12-31	$33.7B	$5.4B	$12.25	6.7%	20.4%	21.3%
4	2024-12-31	$39.0B	$8.7B	$20.28	15.6%	61.1%	65.6%
5	TTM 2025-03-31	$40.2B	$9.3B	$21.16	3.0%	6.4%	4.3%
6	Average				10.1%	32.2%	32.6%

EPS

EPS

Forecasts

Revenue/Net Income Forecast

EPS Forecast

Y/Y % Change

Revenue YoY Change

EPS YoY Change

YoY Growth Rates

NFLX Year-over-Year Growth

	2020	2021	2022	2023	2024	2025	2026	Average
Revenue Growth (%)		18.8%	6.5%	6.7%	15.6%	15.6%	13.1%	12.7%
Revenue Analysts (#)	0	0	0	0	0	8	8
EPS Growth (%)		85.3%	-12.2%	20.4%	61.1%	23.1%	26.9%	34.1%
EPS Analysts (#)	0	0	0	0	0	8	8

Expenses

Revenue vs Expenses

Year	Revenue ($)	Cost of Revenue ($)	R&D ($)	Sales & Marketing ($)	G&A ($)	SG&A ($)	Facilities / D&A ($)
2021	$29.7B	$4.9B	$2.3B	$2.5B	$1.4B	$3.9B	$12.4B
2022	$31.6B	$4.8B	$2.7B	$2.5B	$1.6B	$4.1B	$14.4B
2023	$33.7B	$5.2B	$2.7B	$2.7B	$1.7B	$4.4B	$14.6B
2024	$39.0B	$5.4B	$2.9B	$2.9B	$1.7B	$4.6B	$15.6B
TTM	$43.4B	$6.4B	$3.3B	$3.2B	$1.8B	$4.9B	$16.1B

Expenses % of Revenue

Year	Revenue Change (%)	Cost of Revenue Change (%)	R&D Change (%)	Sales & Marketing Change (%)	G&A Change (%)	SG&A Change (%)	Facilities / D&A Change (%)
2022	6.46	-1.81	19.23	-0.58	16.37	5.30	15.47
2023	6.67	7.40	-1.30	5.03	9.37	6.70	1.33
2024	15.65	4.79	9.33	9.77	-1.06	5.51	7.39
TTM	11.22	17.86	12.04	8.45	4.24	6.90	3.30

No unmapped expenses.

Balance Sheet

Balance Sheet

	Metric	Value
0	Total Assets	$53,100M
1	Cash	$8,177M
2	Total Liabilities	$28,148M
3	Total Debt	$14,453M
4	Total Equity	$24,952M
5	Debt to Equity Ratio	0.58

EPS & Dividend

EPS & Dividend

Valuation

Valuation

Share Price	Treasury Yield	Estimates	Fair Value (P/E)	Fair Value (P/S)	Current P/S	Current P/E
$88.55	4.1%	Nicks Growth: 11% Nick's Expected Margin: 14% FINVIZ Growth: 26%	Nicks: 19 Finviz: 69	Nick's: 2.718	8.6	37.1

Basis	Year	Nicks Valuation	Nicks vs Share Price	Finviz Valuation	Finviz vs Share Price
$2.39 EPS	TTM	$46.40	-47.6%	$166.05	87.5%
$2.53 EPS	2025	$49.12	-44.5%	$175.77	98.5%
$3.21 EPS	2026	$62.32	-29.6%	$223.02	151.9%

Implied Growth

Implied Growth

	Average		Median		Std Dev		Current		Percentile
	TTM	Forward	TTM	Forward	TTM	Forward	TTM	Forward	TTM	Forward
Timeframe
1 Year	21.45%	17.71%	21.85%	21.64%	1.59%	8.51%	18.39%	14.97%	3.3%	16.7%
3 Years	21.45%	17.71%	21.85%	21.64%	1.59%	8.51%	18.39%	14.97%	3.3%	16.7%
5 Years	21.45%	17.71%	21.85%	21.64%	1.59%	8.51%	18.39%	14.97%	3.3%	16.7%
10 Years	21.45%	17.71%	21.85%	21.64%	1.59%	8.51%	18.39%	14.97%	3.3%	16.7%