Netflix (NFLX) Return on Capital Employed (2009 - 2026)
Netflix's quarterly Return on Capital Employed came in at 30.18% in Q1 2026, up 438.0% year-on-year from 5.61% in Q1 2025, and little changed quarter-over-quarter from 30.09% in Q4 2025.
Netflix has reported Return on Capital Employed for 18 years, with the latest figure at 30.18% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 438.0% year-over-year to 30.18%; the trailing twelve-month figure through Mar 2026 stood at 30.18% (up 438.0% YoY), and the FY2025 full-year result was 30.54%, up 477.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 30.18%, roughly flat from 30.09% in the prior quarter.
- The five-year high for Return on Capital Employed was 30.18% in Q1 2026, with the low at 13.2% in Q1 2023.
- Average Return on Capital Employed over 5 years is 20.76%, with a median of 19.93% recorded in 2024.
- Year-over-year, Return on Capital Employed sank 470 bps in 2022 and soared 975 bps in 2024.
- Tracing NFLX's Return on Capital Employed over 5 years: stood at 14.03% in 2022, then grew by 23 bps to 17.27% in 2023, then soared by 43 bps to 24.69% in 2024, then advanced by 22 bps to 30.09% in 2025, then grew by 0 bps to 30.18% in 2026.
- The last three Return on Capital Employed figures came in at 30.18% (Q1 2026), 30.09% (Q4 2025), and 28.55% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 362.63 Bn | 350.34 Bn | 11.41 Bn | 30.18% |
| 2 | Walt Disney | 181.67 Bn | 188.27 Bn | 23.68 Bn | -1.85% |
| 3 | Warner Bros. Discovery | 67.91 Bn | 65.77 Bn | 4.25 Bn | -2.04% |
| 4 | Live Nation Entertainment | 39.56 Bn | 31.10 Bn | 1.31 Bn | 8.44% |
| 5 | Fox | 26.01 Bn | 22.51 Bn | - | 12.17% |
| 6 | Liberty Media | 21.20 Bn | 21.87 Bn | 298.00 Mn | 4.99% |
| 7 | Roku | 19.03 Bn | 16.65 Bn | 564.94 Mn | 3.21% |
| 8 | News | 16.98 Bn | 15.50 Bn | - | 7.02% |
| 9 | TKO Group Holdings | 16.11 Bn | 14.42 Bn | 862.52 Mn | 6.90% |
| 10 | Paramount Skydance | 12.11 Bn | 10.03 Bn | - | -0.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.18% |
| Dec 31, 2025 | 30.09% |
| Sep 30, 2025 | 28.55% |
| Jun 30, 2025 | 28.19% |
| Mar 31, 2025 | 25.80% |
| Dec 31, 2024 | 24.69% |
| Sep 30, 2024 | 24.11% |
| Jun 30, 2024 | 22.27% |
| Mar 31, 2024 | 19.93% |
| Dec 31, 2023 | 17.27% |
| Sep 30, 2023 | 14.37% |
| Jun 30, 2023 | 13.56% |
| Mar 31, 2023 | 13.20% |
| Dec 31, 2022 | 14.03% |
| Sep 30, 2022 | 14.58% |
| Jun 30, 2022 | 15.48% |
| Mar 31, 2022 | 16.68% |
| Dec 31, 2021 | 17.61% |
| Sep 30, 2021 | 19.28% |
| Jun 30, 2021 | 18.57% |
| Mar 31, 2021 | 17.60% |
| Dec 31, 2020 | 14.72% |
| Sep 30, 2020 | 13.65% |
| Jun 30, 2020 | 13.18% |
| Mar 31, 2020 | 11.64% |
| Dec 31, 2019 | 10.17% |
| Sep 30, 2019 | 10.14% |
| Jun 30, 2019 | 8.56% |
| Mar 31, 2019 | 8.20% |
| Dec 31, 2018 | 8.83% |
| Sep 30, 2018 | 9.78% |
| Jun 30, 2018 | 8.89% |
| Mar 31, 2018 | 7.57% |
| Dec 31, 2017 | 6.70% |
| Sep 30, 2017 | 6.54% |
| Jun 30, 2017 | 6.25% |
| Mar 31, 2017 | 6.48% |
| Dec 31, 2016 | 4.53% |
| Sep 30, 2016 | 3.78% |
| Jun 30, 2016 | 3.43% |
| Mar 31, 2016 | 3.79% |
| Dec 31, 2015 | 4.68% |
| Sep 30, 2015 | 4.83% |
| Jun 30, 2015 | 5.58% |
| Mar 31, 2015 | 7.84% |
| Dec 31, 2014 | 9.48% |
| Sep 30, 2014 | 10.49% |
| Jun 30, 2014 | 9.52% |
| Mar 31, 2014 | 8.48% |
| Dec 31, 2013 | 7.60% |
| Sep 30, 2013 | 6.01% |
| Jun 30, 2013 | 4.53% |
| Mar 31, 2013 | 3.38% |
| Dec 31, 2012 | 2.26% |
| Sep 30, 2012 | 4.51% |
| Jun 30, 2012 | 8.73% |
| Mar 31, 2012 | 14.87% |
| Dec 31, 2011 | 29.15% |
| Sep 30, 2011 | 49.19% |
| Jun 30, 2011 | 60.51% |
| Mar 31, 2011 | 60.01% |
| Dec 31, 2010 | 58.17% |
| Sep 30, 2010 | 31.87% |
| Jun 30, 2010 | 27.53% |
| Mar 31, 2010 | 21.20% |
| Dec 31, 2009 | 18.76% |
| Sep 30, 2009 | 52.14% |