NFLX
Netflix Inc Communication Services Services-Video Tape Rental S&P 500Nasdaq-100Russell 3000
$62.08Close
$262.1BMarket cap
$61.99 – $115.7552-week range
Jan 19, 2027Next report · estimated
Highlights
Strengths
- Earnings growing EPS +49% year on year, faster than the quarter before (+38 pts)
Cautions
- Not in an uptrend 0 of 8 trend conditions
- Lagging the market RS 10 · weaker than 90% of stocks over 12 months
- Far from its high 46% below its 52-week high
- Distribution down-day volume 1.8× up-day volume over 50 sessions
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
46%
1wk
down 5.7%
price change
1mo
down 10.8%
price change
12-month return
down 43%
market up 11% ·
its own down 54%
F-score
7 / 9
Strong
Altman Z″
5.29
Low risk
P/E
23.9×
price / earnings
PEG
0.87
P/E / EPS growth
P/B
9.8×
price / book
Earnings yield
up 5.0%
EBIT / enterprise value
Cheaper than
45%
of the market · around average
Revenue growth
up 16%
year on year
EPS growth
up 49%
latest quarter · +38 pts
Sales growth
up 12%
latest quarter · -2 pts
ROE
up 43%
return on equity
Free cash margin
up 21%
$9.5B FCF
D/E
0.51
long-term debt / equity
Net debt / EBITDA
0.3×
Interest cover
—EBIT / interest
Piotroski tests
- profits not fully backed by cash
- short-term liquidity weakened
- profitable on its assets
- generating cash from operations
- profitability improving
- reduced long-term debt
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Gross margin 46.1% → 48.5%
Trade setup
ATR%
3.1%
$1.95 a day · 2×ATR $58.17
RS
10 / 99
vs the universe
Trend
0 / 8
trend template
Relative volume
1.4×
vs 50-day average
Up/down volume
0.55
50 sessions
Implied move
—
no scheduled report
Trend template · 0 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Oct 20, 2026
Results reaction
Oct 20, 2026-8% vs market2 sessions after results
Options
$56.4M33.7% IV · activity
Financials
- Gross 48%
- Net 24%
- Free cash 21%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $25.0B | $29.7B | $31.6B | $33.7B | $39.0B | $45.2B |
| Gross margin | 39% | 42% | 39% | 42% | 46% | 48% |
| Operating income | $4.6B | $6.2B | $5.6B | $7.0B | $10.4B | $13.3B |
| Net income | $2.8B | $5.1B | $4.5B | $5.4B | $8.7B | $11.0B |
| Net margin | 11% | 17% | 14% | 16% | 22% | 24% |
| Earnings per share | $0.61 | $1.12 | $1.00 | $1.20 | $1.98 | $2.53 |
| Free cash flow | $1.9B | -$132.0M | $1.6B | $6.9B | $6.9B | $9.5B |
| Free cash margin | 8% | -0% | 5% | 21% | 18% | 21% |
| Cash | $8.2B | $6.0B | $5.1B | $7.1B | $7.8B | $9.0B |
| Long-term debt | $15.8B | $14.7B | $14.4B | $14.1B | $13.8B | $13.5B |
| Shareholders' equity | $11.1B | $15.8B | $20.8B | $20.6B | $24.7B | $26.6B |
| Shares outstanding | 4.43bn | 4.44bn | 4.45bn | 4.33bn | 4.28bn | 4.22bn |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $57 – $67 ±7.5% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 33.7% priced · 34.6% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Calmer
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs more
Positioning
- Premium traded
- $56.4M calls $26.7M · puts $29.7M · latest session
- 1.11× +0.06 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -45.23k · puts -154.12k past week
For options traders: ATM IV 33.7% (+2.6% 1w) · 1m ÷ 3m IV 0.96 · 25Δ skew 2.2 pts · Net GEX -$58.1M
Most traded contracts 13
| Contract | Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology | Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology | Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology | Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology | Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology | Premium |
|---|---|---|---|---|---|---|
| Dec 18, 2026 · $70 call +13% from price | — | 0.21 | 2.5% | +0.2% | +14.0% | $381,600 |
| Dec 18, 2026 · $63 call +1% from price | — | 0.67 | 3.5% | +0.4% | +6.1% | $363,342 |
| Dec 18, 2026 · $65 call +5% from price | — | 0.27 | 1.0% | -0.1% | +8.0% | $345,709 |
| Dec 18, 2026 · $64 call +3% from price | — | 0.03 | 2.5% | +0.1% | +7.0% | $261,844 |
| Dec 18, 2026 · $62 call at the price | — | 0.33 | 3.0% | +0.5% | +5.3% | $241,200 |
| Dec 18, 2026 · $63 put +1% from price | — | 0.07 | 2.9% | +0.2% | -4.0% | $211,820 |
| Dec 18, 2026 · $60 put -3% from price | — | 0.01 | 2.0% | +1.1% | -6.6% | $145,860 |
| Jan 15, 2027 · $65 call +5% from price | — | 0.19 | 3.2% | +2.2% | +9.8% | $449,190 |
| Jan 15, 2027 · $60 call -3% from price | — | 0.21 | 4.4% | +3.2% | +5.7% | $444,938 |
| Jan 15, 2027 · $70 call +13% from price | — | 0.14 | 2.5% | +1.7% | +15.3% | $427,040 |
| Jan 15, 2027 · $62 call at the price | — | 0.36 | 3.4% | +2.3% | +7.1% | $242,992 |
| Jan 15, 2027 · $60 put -3% from price | — | 0.05 | 4.1% | +3.1% | -8.1% | $226,884 |
| Jan 15, 2027 · $80 call +29% from price | — | 0.03 | 4.8% | +3.5% | +29.5% | $34,020 |
Liquid contracts, 3 weeks to 4 months out, soonest expiry first.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 21, 2026 | Quarterly ↗ | Sep 30, 2026 | 21d |
| Jul 17, 2026 | Quarterly ↗ | Jun 30, 2026 | 17d |
| Apr 17, 2026 | Quarterly ↗ | Mar 31, 2026 | 17d |
| Jan 23, 2026 | Annual ↗ | Dec 31, 2025 | 23d |
| Oct 22, 2025 | Quarterly ↗ | Sep 30, 2025 | 22d |
| Jul 18, 2025 | Quarterly ↗ | Jun 30, 2025 | 18d |
| Apr 18, 2025 | Quarterly ↗ | Mar 31, 2025 | 18d |
| Jan 27, 2025 | Annual ↗ | Dec 31, 2024 | 27d |
| Oct 18, 2024 | Quarterly ↗ | Sep 30, 2024 | 18d |
| Jul 19, 2024 | Quarterly ↗ | Jun 30, 2024 | 19d |
| Apr 22, 2024 | Quarterly ↗ | Mar 31, 2024 | 22d |
| Jan 26, 2024 | Annual ↗ | Dec 31, 2023 | 26d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 20, 2026 | Results ↗ |
| Jul 30, 2026 | Director or officer change ↗ |
| Jul 22, 2026 | Other events ↗ |
| Jul 16, 2026 | Results ↗ |
| Jun 5, 2026 | Shareholder vote · Other events ↗ |
| Apr 23, 2026 | Other events ↗ |
| Apr 16, 2026 | Results · Director or officer change ↗ |
| Feb 27, 2026 | Agreement ended ↗ |
| Jan 20, 2026 | Material agreement · Regulation FD ↗ |
| Jan 20, 2026 | Results ↗ |
| Dec 22, 2025 | Material agreement · New obligation ↗ |
| Dec 5, 2025 | Material agreement · Regulation FD ↗ |