Netflix Financial Ratios
NASDAQ: NFLXConsumer DiscretionaryConsumer Electronics/Video ChainsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Netflix ratio analysis
Netflix earned a net margin of 24.3% in FY 2025, up from 22.3% a year earlier. Gross margin was 48.5% compared with a median of 38.9% over the prior 9 years. Return on equity reached 41.3%, meaning Netflix generated 0.41 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.54 versus 0.63 the year before, and the current ratio was 1.19. At the end of FY 2025, NFLX traded at 36.0 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 3.0 to 44.5, with a median of 13.2. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Netflix financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 35.96 | 44.50 | 40.57 | 2.96 | 5.36 | 8.89 | 7.89 | 11.10 | 15.36 | 28.79 |
| Price / sales | 8.56 | 9.70 | 6.38 | 0.41 | 0.90 | 0.95 | 0.71 | 0.82 | 0.71 | 0.60 |
| Price / book | 14.53 | 15.29 | 10.44 | 0.63 | 1.68 | 2.15 | 1.88 | 2.47 | 2.31 | 1.98 |
| Gross margin | 48.5% | 46.1% | 41.5% | 39.4% | 41.6% | 38.9% | 38.3% | 36.9% | 31.3% | 29.1% |
| Operating margin | 29.5% | 26.7% | 20.6% | 17.8% | 20.9% | 18.3% | 12.9% | 10.2% | 7.2% | 4.3% |
| Net margin | 24.3% | 22.3% | 16.0% | 14.2% | 17.2% | 11.0% | 9.3% | 7.7% | 4.8% | 2.1% |
| Free cash flow margin | 20.9% | 17.7% | 20.5% | 5.1% | -0.4% | 7.7% | -15.6% | -18.1% | -16.8% | -17.9% |
| Return on equity (ROE) | 41.3% | 35.2% | 26.3% | 21.6% | 32.3% | 25.0% | 24.6% | 23.1% | 15.6% | 7.0% |
| Return on assets (ROA) | 19.8% | 16.2% | 11.1% | 9.2% | 11.5% | 7.0% | 5.5% | 4.7% | 2.9% | 1.4% |
| Debt / equity | 0.54 | 0.63 | 0.71 | 0.69 | 0.97 | 1.47 | 1.95 | 1.98 | 1.81 | 1.26 |
| Current ratio | 1.19 | 1.22 | 1.12 | 1.17 | 0.95 | 1.25 | 0.90 | 1.49 | 1.40 | 1.25 |
| Revenue growth | 15.9% | 15.6% | 6.7% | 6.5% | 18.8% | 24.0% | 27.6% | 35.1% | 32.4% | 30.3% |
| EPS growth | 27.8% | 65.0% | -87.9% | -11.5% | 84.9% | 47.2% | 54.1% | 114.4% | 190.7% | 53.6% |