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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Netflix (NFLX) FCF Margin (2016 - 2025)

Netflix has reported FCF Margin over the past 17 years, most recently at 15.54% for Q4 2025.

  • Quarterly results put FCF Margin at 15.54% for Q4 2025, up 209.0% from a year ago — trailing twelve months through Dec 2025 was 20.94% (up 319.0% YoY), and the annual figure for FY2025 was 20.94%, up 319.0%.
  • FCF Margin for Q4 2025 was 15.54% at Netflix, down from 23.11% in the prior quarter.
  • Over the last five years, FCF Margin for NFLX hit a ceiling of 25.94% in Q1 2023 and a floor of 7.38% in Q4 2021.
  • Median FCF Margin over the past 5 years was 14.49% (2024), compared with a mean of 12.86%.
  • Biggest five-year swings in FCF Margin: tumbled -1907bps in 2021 and later surged 1620bps in 2023.
  • Netflix's FCF Margin stood at 7.38% in 2021, then surged by 157bps to 4.23% in 2022, then skyrocketed by 323bps to 17.9% in 2023, then decreased by -25bps to 13.45% in 2024, then increased by 16bps to 15.54% in 2025.
  • The last three reported values for FCF Margin were 15.54% (Q4 2025), 23.11% (Q3 2025), and 20.47% (Q2 2025) per Business Quant data.