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Netflix NFLX Return on invested capital

Return on invested capital at other companies

GHC
Graham HoldingsGHC
3.3%-0.3pp
Apple logo
AppleAAPL
94.3%+17.4pp
Electronic Arts logo
Electronic ArtsEA
19.7%-2.6pp
Amazon logo
AmazonAMZN
17.8%+0.4pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
8.8%-0.7pp
Nexstar Media Group, Inc. logo
Nexstar Media Group, Inc.NXST
7.8%-1.8pp

Other financials

Income statement

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Revenue$12.6B+13.4%
Gross profit$6.5B+13.4%
Operating income$4.2B+11.1%
Net income$3.4B+8.8%
EPS (diluted)$0.72-90.0%

Balance sheet

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Cash & equivalents$9.1B+11.3%
Total debt$14.3B-15.5%
Total equity$30.2B+20.8%
Total assets$58.5B+10.1%

Cash flow

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Operating cash flow$1.7B-28.0%
CapEx$218.6M+40.3%
Free cash flow$1.5B-32.7%

Valuation

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Market cap$298.6B-40.0%
Enterprise value$303.81B-40.0%
P/E21.9×-26.7×
P/S6.2×-5.8×

Profitability

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Gross margin49.1%+0.6pp
Operating margin29.7%+0.2pp
Net margin28.2%+3.6pp
FCF margin23.1%+2.7pp

Returns & leverage

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Return on equity49.5%+6.0pp
Debt / equity0.5×-0.2×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Netflix’s reported figures.

Based on trailing twelve months.

The source filing: Netflix’s 8-K, filed July 16, 2026. Open the filing →

Filed
Jul 16, 2026, 4:03 PM EDT
Accession
0001065280-26-000211

FAQ

What is Netflix's return on invested capital?
Netflix (NFLX) reported return on invested capital of 37.8% in Q2 2026.
How has Netflix's return on invested capital changed year-over-year?
Netflix's return on invested capital increased by 15.0% year-over-year, from 32.8% to 37.8%.
What is the long-term trend for Netflix's return on invested capital?
Over 5 years (2020 to 2025), Netflix's return on invested capital has grown at a 11.3% compound annual growth rate (CAGR), from 19.4% to 33.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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