Netflix (NFLX) Asset Utilization Ratio (2009 - 2026)
Netflix's Asset Utilization Ratio came in at 0.81 for Q2 2026, up 2.1% from 0.79 a year earlier and up 0.7% from the prior quarter.
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Analysis
Netflix (NFLX) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025, Netflix's Asset Utilization Ratio was 0.83, up 8.6% from FY2024.
- Asset Utilization Ratio has increased in each of the last three years.
- Going back by year, Asset Utilization Ratio was 0.76 in FY2024 (+10.0%), 0.69 in FY2023 (+2.1%), 0.68 in FY2022 (-4.2%) and 0.71 in FY2021 (+3.8%).
- The five-year range for quarterly Asset Utilization Ratio is 0.64 (Q2 2023) to 0.82 (Q4 2025).
- Year-over-year, Asset Utilization Ratio has increased for 11 consecutive quarters, with growth averaging 7.6% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q2 2024 (growth of 15.8%), and the weakest in Q2 2023 (a decline of 5.4%).
- Business Quant data shows NFLX's Asset Utilization Ratio at 0.80 (Q1 2026), 0.82 (Q4 2025) and 0.80 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 0.54 |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 0.81 |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | 0.53 |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 0.93 |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 0.88 |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | 0.98 |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | 0.68 |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 0.85 |
| 10 | Spotify Technology | 101.54 Bn | 58.77 Bn | 1.86 Bn | 1.35 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.81 |
| Mar 31, 2026 | 0.80 |
| Dec 31, 2025 | 0.82 |
| Sep 30, 2025 | 0.80 |
| Jun 30, 2025 | 0.79 |
| Mar 31, 2025 | 0.76 |
| Dec 31, 2024 | 0.74 |
| Sep 30, 2024 | 0.74 |
| Jun 30, 2024 | 0.74 |
| Mar 31, 2024 | 0.72 |
| Dec 31, 2023 | 0.69 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.64 |
| Mar 31, 2023 | 0.65 |
| Dec 31, 2022 | 0.66 |
| Sep 30, 2022 | 0.67 |
| Jun 30, 2022 | 0.68 |
| Mar 31, 2022 | 0.68 |
| Dec 31, 2021 | 0.68 |
| Sep 30, 2021 | 0.68 |
API Access
Netflix Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "NFLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();