Netflix, Inc. (NFLX) Stock Score, Valuation & Financial Research

Netflix, Inc. is in the Communication Services sector and Entertainment industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. The current Wall Street Score is 61/100.

Quick answer for NFLX

Netflix, Inc. currently has a Wall Street Score of 61/100. The stored market price is USD 62.03. Its financial score is 41/100. Its valuation score is 80/100. The latest WSS change is +0.6 points. These figures are a research snapshot, not a buy or sell recommendation.

What Netflix, Inc. does

Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

Netflix generates revenue primarily through monthly membership fees from subscribers who access its streaming entertainment service. The company also generates revenue through advertising services on its ad-supported subscription plans.

Products and services

Subscription-based streaming service providing access to a wide variety of TV series, documentaries, feature films, and mobile games across a wide variety of genres and languages.

Brands and product families

Netflix — Primary streaming entertainment service brand. Source

Annual revenue by business

Streaming: USD 45,183,036,000 · 100.00% calculated revenue share (period 2025-12-31) Source

Revenue share is not a unit-sales or best-seller ranking. Categories may overlap; do not add rows from different breakdowns.

Geographic revenue

United States And Canada: USD 19,957,152,000 · 44.17% calculated revenue share (period 2025-12-31) Source
EMEA: USD 14,514,646,000 · 32.12% calculated revenue share (period 2025-12-31) Source
Latin America: USD 5,357,521,000 · 11.86% calculated revenue share (period 2025-12-31) Source
Asia Pacific: USD 5,353,717,000 · 11.85% calculated revenue share (period 2025-12-31) Source

Revenue share is not a unit-sales or best-seller ranking. Categories may overlap; do not add rows from different breakdowns.

Customer types

Individual consumers of streaming entertainment.

Suppliers, materials and equipment

Content creators and production studios — Unnamed suppliers providing original and licensed film and television content. The company notes this as the primary component of their cost of revenue. Source

Business relationships and partnerships

Consumer electronics (CE) manufacturers — Marketing partnership involving promotion of Netflix services. Source
Multichannel video programming distributors (MVPDs) — Marketing partnership involving promotion of Netflix services. Source
Mobile operators — Marketing partnership involving promotion of Netflix services. Source
ISPs — Marketing partnership involving promotion of Netflix services. Source
Advertising technology providers — Advertising sales partnerships. Source
Advertising agencies — Advertising sales partnerships. Source

Competitors and product-market comparisons

Video gaming companies — Platforms and services offering interactive entertainment. Source
Social media platforms — Companies providing short-form video and social networking content. Source

Business strengths to evaluate

Global scale and reach Source
Extensive library of original and licensed content Source
Strong brand recognition and company culture Source

Business risks and research considerations

Highly competitive market and evolving landscape Source
Regulatory actions including investment obligations and content quotas Source
Foreign exchange rate volatility Source

Sources: Netflix 2025 Form 10-K

Company research refreshed 2026-10-03. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

NFLX financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:: 61/100
Stored price:: USD 62.03
Market capitalization:: 258.29B (currency not supplied)
Revenue:: USD 48.37B
Net income:: USD 13.65B
Free cash flow:: USD 9.46B
Cash:: USD 9.1B
Total debt:: USD 14.31B
EPS:: USD 3.23
P/E ratio:: 19.2x
Financial score:: 41/100
Valuation score:: 80/100
Revenue score:: 37/100

What stands out

Reported year-over-year revenue growth is +7.1%.
Free cash flow is USD 9.46B, positive for the stored period.
The balance sheet shows USD 9.1B of cash versus USD 14.31B of total debt, with debt exceeding cash on these two reported measures.
The latest Wall Street Score change is +0.6 points: NFLX increased 0.6 points because Valuation improved by 2.5 points.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

Free cash flow is 19.6% of stored revenue. This is a simple cross-field ratio, not a verified same-period cash conversion margin; confirm reporting periods before comparison.
Net income equals 28.2% of stored revenue. This is an indicative ratio only; accounting periods and units should be verified in filings.
Debt exceeds cash by USD 5.21B using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for NFLX

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

Can NFLX maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
Is NFLX's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
Does NFLX's balance between cash and debt leave enough flexibility if business conditions weaken?
Which inputs support NFLX's high valuation score, and do the underlying estimates remain plausible under weaker business conditions?

What the numbers mean

Its current valuation score is 80/100, which Wall Street Score classifies as strong within the model's valuation framework.

The financial score is 41/100. This is a starting point for reviewing liquidity, leverage and cash-flow strength rather than a stand-alone recommendation.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-20.

Research-input completeness: 100% of the scoring inputs required for this public page are currently available.

How to research NFLX

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.