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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Netflix's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$29.70 B | $31.62 B | $33.72 B | $39.00 B | $45.18 B |
| Cost of Revenue |
|
$17.33 B | $19.17 B | $19.72 B | $21.04 B | $23.28 B |
| Gross Profit |
|
$12.37 B | $12.45 B | $14.01 B | $17.96 B | $21.91 B |
| Research & Development |
|
$2.27 B | $2.71 B | $2.68 B | $2.93 B | $3.39 B |
| Selling,General & Administrative |
|
$3.90 B | $4.10 B | $4.38 B | $4.62 B | $5.19 B |
| Operating Expense |
|
$6.17 B | $6.81 B | $7.05 B | $7.54 B | $8.58 B |
| Operating Income |
|
$6.19 B | $5.63 B | $6.95 B | $10.42 B | $13.33 B |
| Net Income |
|
$5.12 B | $4.49 B | $5.41 B | $8.71 B | $10.98 B |
Netflix's Assets vs Liabilities & Equity
Netflix's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$6.03 B | $6.06 B | $7.14 B | $9.58 B | $9.06 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$8.07 B | $9.27 B | $9.92 B | $13.10 B | $13.02 B |
| Property,Plant and Equipment |
|
$1.32 B | $1.40 B | $1.49 B | $1.59 B | $2.00 B |
| Goodwill |
|
- | - | - | - | - |
| Total Assets |
|
$44.58 B | $48.59 B | $48.73 B | $53.63 B | $55.60 B |
| Total Liabilities |
|
$28.74 B | $27.82 B | $28.14 B | $28.89 B | $28.98 B |
| Retained Earnings |
|
$12.69 B | $17.18 B | $22.59 B | $31.30 B | $42.28 B |
| Total Shareholder Equity |
|
$15.85 B | $20.78 B | $20.59 B | $24.74 B | $26.62 B |
| Common Stock |
|
$4.02 B | $4.64 B | $5.15 B | $6.25 B | $7.29 B |
Netflix's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$12.44 B | $14.36 B | $14.55 B | $15.63 B | $16.76 B |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$524.59 M | -$407.73 M | -$348.55 M | -$439.54 M | -$688.22 M |
| Free Cash Flow (FCF) |
|
-$131.98 M | $1.62 B | $6.93 B | $6.92 B | $9.46 B |
Netflix's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$12.37 B | $12.45 B | $14.01 B | $17.96 B | $21.91 B |
| Gross Profit Margin (%) |
|
41.64% | 39.37% | 41.54% | 46.06% | 48.49% |
| Operating Income |
|
$6.19 B | $5.63 B | $6.95 B | $10.42 B | $13.33 B |
| Operating Income Margin (%) |
|
20.86% | 17.82% | 20.62% | 26.71% | 29.49% |
| Net Income |
|
$5.12 B | $4.49 B | $5.41 B | $8.71 B | $10.98 B |
| Net Income Margin (%) |
|
17.23% | 14.21% | 16.04% | 22.34% | 24.30% |
| EBITDA |
|
$19.04 B | $20.33 B | $21.51 B | $26.31 B | $13.33 B |
| EBITDA Margin (%) |
|
64.13% | 64.31% | 63.78% | 67.47% | 66.86% |
Netflix's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
32.28% | 21.62% | 26.27% | 35.21% | 41.26% |
| Return on Assets (ROA) |
|
11.48% | 9.24% | 11.10% | 16.24% | 19.75% |
| Debt to Equity |
|
114.31% | 81.49% | 82.44% | 72.73% | 54.34% |
| Debt to total asset |
|
40.63% | 34.84% | 34.83% | 33.55% | 26.01% |
| Enterprise value to revenue |
|
9.40 | 4.52 | 6.67 | 10.08 | 8.90 |
| Enterprise value to EBITDA |
|
14.65 | 7.03 | 10.45 | 14.94 | 13.31 |
| Enterprise value |
|
$279.06 B | $142.92 B | $224.85 B | $393.03 B | $401.96 B |
| Tax Rate (%) |
|
12.39% | 14.67% | 12.85% | 12.58% | 13.69% |
Frequently Asked Questions
