Netflix, Inc. (NFLX) stock analysis
Company overview and business model
Source fact: Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages. It also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
Classification: NASDAQ · Communication Services · Entertainment
Revenue and growth
Source fact: Revenue was USD 45.18 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +15.9% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 10.98 billion in the latest reported period.
Source metric: Reported net margin was 24.3%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 9.03 billion.
Source fact: Total debt was USD 14.46 billion.
Source metric: Current ratio was 1.19x.
Cash-flow analysis
Source fact: Operating cash flow was USD 10.15 billion.
Source fact: Free cash flow was USD 9.46 billion.
Valuation
Source metrics: Trailing P/E 25.19x; Forward P/E 20.82x; Price to book 10.99x; Price to sales 6.85x; EV/EBITDA 23.02x.
Caverian model output: Value score was 45/100.
Competitive position
Classification: Peer context: Entertainment within Communication Services.
Caverian model output: Quality score was 75/100.
Caverian model output: Growth score was 78/100.
Material risks
Caverian model interpretation: Watch out: price swings more than the broader market (beta 1.5).
Caverian calculation: Altman Z-score was 9.58 (safe zone).
Caverian calculation: Piotroski F-score was 6/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles