Netflix (NFLX) EV to EBIT (2009 - 2026)
Netflix's EV to EBIT was 17.83 in Q3 2026, down 54.8% from 39.44 a year earlier and down 11.2% from the prior quarter.
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Analysis
Netflix (NFLX) EV to EBIT (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netflix's EV to EBIT was 15.87 through Sep 30, 2026, down 57.5% year-over-year; for FY2025, it came in at 29.03, down 18.6% from FY2024.
- In earlier years, EV to EBIT was 35.68 in FY2024 (+21.9%), 29.27 in FY2023 (+31.6%), 22.24 in FY2022 (-47.3%) and 42.20 in FY2021 (-16.3%).
- The Q3 2026 figure marks the lowest quarterly EV to EBIT since Q3 2022.
- Compared with a year earlier, EV to EBIT has declined for four straight quarters, with an average decline of 6.3% over the last eight quarters.
- The best year-over-year quarter for EV to EBIT over five years was Q2 2023 (growth of 173.8%); the worst was Q2 2022 (a decline of 67.4%).
- Per Business Quant data, NFLX's EV to EBIT in the three quarters before Q3 2026 was 20.08 (Q2 2026), 28.18 (Q1 2026) and 29.03 (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 | 17.83 |
| Jun 30, 2026 | 20.08 |
| Mar 31, 2026 | 28.18 |
| Dec 31, 2025 | 29.03 |
| Sep 30, 2025 | 39.44 |
| Jun 30, 2025 | 45.56 |
| Mar 31, 2025 | 34.91 |
| Dec 31, 2024 | 35.68 |
| Sep 30, 2024 | 30.49 |
| Jun 30, 2024 | 32.72 |
| Mar 31, 2024 | 32.35 |
| Dec 31, 2023 | 29.27 |
| Sep 30, 2023 | 26.20 |
| Jun 30, 2023 | 33.18 |
| Mar 31, 2023 | 27.12 |
| Dec 31, 2022 | 22.24 |
| Sep 30, 2022 | 17.26 |
| Jun 30, 2022 | 12.12 |
| Mar 31, 2022 | 25.85 |
| Dec 31, 2021 | 42.20 |
API Access
Netflix EV to EBIT 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-ebit&ticker=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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-ebit&ticker=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();