NFLXNETFLIX INC
Services-Video Tape Rental
- Revenue
- $45.2B
- 16% YoY
- Operating margin
- 29.5%
- 10% YoY
- EBITDA
- $13.7B
- 27% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $12.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear92% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear90% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $29.7B | $31.6B | $33.7B | $39.0B | $45.2B | 16% |
| Operating income | $6.2B | $5.6B | $7.0B | $10.4B | $13.3B | 28% |
| Net income | $5.1B | $4.5B | $5.4B | $8.7B | $11.0B | 26% |
| Operating cash flow | $393M | $2.0B | $7.3B | $7.4B | $10.1B | 38% |
| Capex | $525M | $408M | $349M | $440M | $688M | 57% |
| Stock-based comp | $403M | $575M | $339M | $273M | $368M | 35% |
| Buybacks | $600M | $0 | $6.0B | $6.3B | $9.1B | 46% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 6
- Net
- −$1M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 173 | 138 |
| FY2024 | — | — | 165 | 115 |
| FY2023 | — | — | 90 | 87 |
| FY2022 | — | — | 55 | 59 |
| FY2021 | — | — | 111 | 98 |