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Netflix NFLX EV / EBITDA

EV / EBITDA at other companies

Apple logo
AppleAAPL
23.5×-1.0×
Electronic Arts logo
Electronic ArtsEA
32.7×
Amazon logo
AmazonAMZN
16.3×-0.3×
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
5.6×-1.1×
Comcast logo
ComcastCMCSA
5.5×-0.7×
EchoStar logo
EchoStarSATS
25.2×+14.0×

Other financials

Income statement

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Revenue$12.2B+16.2%
Gross profit$6.4B+20.5%
Operating income$4.0B+18.2%
Net income$5.3B+82.8%
EPS (diluted)$1.23+86.4%

Balance sheet

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Cash & equivalents$12.3B+70.3%
Total debt$16.7B-3.9%
Total equity$31.1B+29.5%
Total assets$61.0B+17.1%

Cash flow

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Operating cash flow$5.3B+89.7%
CapEx$196.1M+52.9%
Free cash flow$5.1B+91.4%

Valuation

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Market cap$324.06B+1.8%
Enterprise value$328.55B+0.3%
P/E24.2×-10.1×
P/S6.9×-1.0×

Profitability

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Gross margin49%+2.1pp
Operating margin29.7%+2.0pp
Net margin28.5%+5.4pp

Returns & leverage

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Return on equity48.5%+7.7pp
Debt / equity0.5×-0.2×
Current ratio1.4×+0.2×

Where this comes from

Calculated from Netflix’s reported figures.

Based on the most recent quarter.

The official record: Netflix’s 10-Q, filed April 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's EV / EBITDA?
Netflix (NFLX) reported EV / EBITDA of 28.7× in Q1 2026.
How has Netflix's EV / EBITDA changed year-over-year?
Netflix's EV / EBITDA decreased by 19.6% year-over-year, from 35.7× to 28.7×.
What is the long-term trend for Netflix's EV / EBITDA?
Over 4 years (2021 to 2025), Netflix's EV / EBITDA has grown at a -2.8% compound annual growth rate (CAGR), from 166.9× to 149.1×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.