Netflix (NFLX) Return on Capital Employed (2009 - 2026)
Netflix (NFLX) posted quarterly Return on Capital Employed of 30.16% for Q2 2026, up 197.0% year-over-year from 10.15% in Q2 2025, and little changed quarter-over-quarter from 30.18% in Q1 2026.
Netflix (NFLX) Return on Capital Employed (2009 - 2026) Analysis & Trends
Netflix's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 30.16% for Q2 2026.
- In Q2 2026, Return on Capital Employed rose 197.0% year-over-year to 30.16%; the TTM figure through Jun 2026 stood at 30.16% (up 197.0% YoY), while the FY2025 annual figure was 30.54%, up 477.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 30.16%, roughly flat from 30.18% 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.
- The 5-year median for Return on Capital Employed is 21.1% (2024), against an average of 21.29%.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed plunged 470 bps in 2022, then soared 975 bps in 2024.
- Netflix's Return on Capital Employed stood at 14.03% in 2022, then advanced by 23 bps to 17.27% in 2023, then jumped by 43 bps to 24.69% in 2024, then rose by 22 bps to 30.09% in 2025, then increased by 0 bps to 30.16% in 2026.
- Business Quant data shows NFLX's Return on Capital Employed at 30.16% in Q2 2026, 30.18% in Q1 2026, and 30.09% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 30.16% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | -23.87% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | -1.56% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 8.38% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 13.97% |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 3.63% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 8.53% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 9.20% |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 7.32% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -0.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 30.16% |
| 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% |