Netflix (NFLX) EV to CFO (2009 - 2026)
Netflix's (NFLX) EV to CFO stood at 22.55 in Q3 2026, down 56.7% from 52.08 a year earlier and down 6.3% from the prior quarter.
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Analysis
Netflix (NFLX) EV to CFO (2009 - 2026) Analysis & Trends
On a TTM basis, Netflix's EV to CFO came in at 20.07 as of Sep 30, 2026, down 59.3% year-over-year; for FY2025, it was 38.11, down 24.5% from FY2024.
- Across earlier years, EV to CFO came in at 50.49 in FY2024 (+80.4%), 27.99 in FY2023 (-54.7%), 61.83 in FY2022 (-90.7%) and 665.84 in FY2021 (+598.8%).
- The Q3 2026 figure is the lowest quarterly EV to CFO since Q3 2012.
- On a year-over-year basis, EV to CFO has declined for four consecutive quarters, with growth averaging 3.9% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 598.8% in Q4 2021, against a decline of 90.7% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.07 (Q2 2026), 31.05 (Q1 2026) and 38.11 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.55 |
| Jun 30, 2026 | 24.07 |
| Mar 31, 2026 | 31.05 |
| Dec 31, 2025 | 38.11 |
| Sep 30, 2025 | 52.08 |
| Jun 30, 2025 | 61.81 |
| Mar 31, 2025 | 48.95 |
| Dec 31, 2024 | 50.49 |
| Sep 30, 2024 | 39.26 |
| Jun 30, 2024 | 39.53 |
| Mar 31, 2024 | 34.85 |
| Dec 31, 2023 | 27.99 |
| Sep 30, 2023 | 25.99 |
| Jun 30, 2023 | 40.40 |
| Mar 31, 2023 | 44.41 |
| Dec 31, 2022 | 61.83 |
| Sep 30, 2022 | 83.66 |
| Jun 30, 2022 | 102.11 |
| Mar 31, 2022 | 298.07 |
| Dec 31, 2021 | 665.84 |
API Access
Netflix EV to CFO 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=ev-to-cfo&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();