MGNI
Magnite, Inc.
MGNI offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
NFLX
Netflix, Inc.
NFLX has a slight edge over MGNI overall, supported by stronger modeled upside and lower modeled downside.
MGNI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
MGNI's revenue, profitability, cash flow and balance sheet are all currently healthy.
NFLX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
NFLX's revenue, profitability, cash flow and balance sheet are all currently healthy.
MGNI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $23.34 | -20% |
| Forward | 22x | $29.34 | — |
| Current | 24x | $29.34 | — |
| Fair | 72x | $86.77 | +196% |
| Expensive | 291x | $349 | +1091% |
Historical ranges are pointers, not guarantees.
MGNI's PE is in its cheap range at 24x. If earnings grow as analysts expect, today's price would be 22x next year's earnings.
NFLX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $62.69 | — |
| Current | 18x | $62.69 | — |
| Cheap | 27x | $94.95 | +51% |
| Fair | 47x | $161 | +157% |
| Expensive | 81x | $281 | +348% |
Historical ranges are pointers, not guarantees.
NFLX has the edge over MGNI in the historical PE scenario, which offers more potential upside but is not a forecast.
MGNI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
MGNI has the edge over NFLX on the outlook, with more favorable valuation expectations.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for NFLX, with profitability improving.
MGNI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +10% |
| Q3 2026 | $1.20 | +200% |
| Q2 2026 | $1.10 | +255% |
| Q1 2026 | $1.05 | +377% |
| Q4 2025 | $0.95 | +494% |
| Q3 2025 | $0.40 | +208% |
| Q2 2025 | $0.31 | +$0.35 |
| Q1 2025 | $0.22 | +$0.79 |
| Q4 2024 | $0.16 | +$1.33 |
MGNI's earnings per share have climbed steadily: $1.20 over the past year, about three times what it earned the year before, and higher year over year for 11 quarters in a row.
NFLX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.58 | +3.5% |
| Q3 2026 | $3.46 | +45% |
| Q2 2026 | $3.18 | +35% |
| Q1 2026 | $3.10 | +46% |
| Q4 2025 | $2.53 | +28% |
| Q3 2025 | $2.39 | +35% |
| Q2 2025 | $2.35 | +47% |
| Q1 2025 | $2.12 | +47% |
| Q4 2024 | $1.98 | +65% |
NFLX's earnings per share have climbed steadily: $3.46 over the past year, up 45% from the year before, and higher year over year for 12 quarters in a row.
MGNI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $204.2M | +14% |
| Q2 2026 | $192.8M | +11% |
| Q1 2026 | $164.4M | +5.5% |
| Q4 2025 | $205.4M | +5.9% |
| Q3 2025 | $179.5M | +11% |
| Q2 2025 | $173.3M | +6.4% |
| Q1 2025 | $155.8M | +4.3% |
| Q4 2024 | $194M | +3.8% |
MGNI's revenue has grown year over year every quarter since late 2020: $204M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +11 points |
| Q2 2026 | 16% | +3.5 points |
| Q1 2026 | 4.7% | +5.6 points |
| Q4 2025 | 25% | +4.6 points |
| Q3 2025 | 14% | +4.6 points |
| Q2 2025 | 13% | +6.8 points |
| Q1 2025 | -0.9% | +8.4 points |
| Q4 2024 | 21% | +1.9 points |
MGNI's operating margin was 25% last quarter, up 11 points from the same quarter a year ago, near the top of its range since 2019.
NFLX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.9B | +12% |
| Q2 2026 | $12.6B | +13% |
| Q1 2026 | $12.2B | +16% |
| Q4 2025 | $12.1B | +18% |
| Q3 2025 | $11.5B | +17% |
| Q2 2025 | $11.1B | +16% |
| Q1 2025 | $10.5B | +13% |
| Q4 2024 | $10.2B | +16% |
NFLX has the edge over MGNI on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +6.4 points |
| Q2 2026 | 33% | -0.7 points |
| Q1 2026 | 32% | +0.5 points |
| Q4 2025 | 25% | +2.4 points |
| Q3 2025 | 28% | -1.4 points |
| Q2 2025 | 34% | +6.8 points |
| Q1 2025 | 32% | +3.7 points |
| Q4 2024 | 22% | +5.2 points |
NFLX has the edge over MGNI on profitability, with a higher operating margin.
MGNI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $93M | +36% |
| Q2 2026 | $174.5M | +2801% |
| Q1 2026 | -$130.2M | -$118.4M |
| Q4 2025 | $103.1M | -7.1% |
| Q3 2025 | $68.4M | -12% |
| Q2 2025 | $6M | -93% |
| Q1 2025 | -$11.8M | +$54.5M |
| Q4 2024 | $111M | +40% |
MGNI generated $240M in free cash flow over the past year, up 38% from the year before.
NFLX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.9B | +8.4% |
| Q2 2026 | $1.5B | -33% |
| Q1 2026 | $5.1B | +91% |
| Q4 2025 | $1.9B | +36% |
| Q3 2025 | $2.7B | +21% |
| Q2 2025 | $2.3B | +87% |
| Q1 2025 | $2.7B | +25% |
| Q4 2024 | $1.4B | -13% |
NFLX has the edge over MGNI on cash flow, with more consistent year-over-year improvement.
MGNI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +3.6M shares |
| 1 year | -1.5% | -2.4M shares |
| 3 years | +9.8% | +13.4M shares |
| 5 years | +15% | +19.3M shares |
| Available history | +153% | +91.2M shares |
MGNI has 151M diluted shares, down 1.5% from a year ago, with $79M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $20M |
| Q2 2026 | $21.1M |
| Q1 2026 | $14.5M |
| Q4 2025 | $23.4M |
| Q3 2025 | — |
| Q2 2025 | $3.7M |
| Q1 2025 | $19.2M |
| Q4 2024 | $5.6M |
MGNI spent $79M buying back its own shares over the past year, up 178% from the year before.
NFLX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -66.2M shares |
| 1 year | -3.3% | -145M shares |
| 3 years | -6.8% | -305M shares |
| 5 years | -7.8% | -354M shares |
| Available history | -7.1% | -323M shares |
NFLX has the edge over MGNI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.8B |
| Q2 2026 | $4.7B |
| Q1 2026 | $1.3B |
| Q4 2025 | $2.1B |
| Q3 2025 | $1.9B |
| Q2 2025 | $1.7B |
| Q1 2025 | $3.5B |
| Q4 2024 | $963.7M |
NFLX spent $12.9B buying back its own shares over the past year, up 61% from the year before.
MGNI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 1.0x | Healthy |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 0.6x | Very low |
MGNI has the edge over NFLX on leverage, with a lower net debt burden relative to earnings.
NFLX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.7x | Very low |
NFLX's net debt is less than a year of its operating earnings (EBITDA).
MGNI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.6 | Neutral |
| Stochastic | 73.9 | Neutral |
MGNI's weekly RSI is 70 (neutral) and its Stochastic is 74 (neutral).
NFLX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.2 | Neutral |
| Stochastic | 6.0 | Oversold |
NFLX's weekly RSI is 33 (neutral) and its Stochastic is 6 (oversold).
MGNI PE vs Communication Services Sector
| Metric | MGNI | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 16x | 48% above |
| PE % | 28 | 26 | 2 pts above |
MGNI is trading at 24x earnings, a 48% premium to the Communication Services sector's median of 16x.
NFLX PE vs Communication Services Sector
| Metric | NFLX | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 16x | 9.8% above |
| PE % | 4 | 26 | 22 pts below |
NFLX has the edge over MGNI on valuation relative to its sector.
MGNI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.8 | 18% above |
| 20 week MA | $23.3 | 26% above |
| 50 week MA | $17.8 | 65% above |
| 100 week MA | $17.9 | 64% above |
| 200 week MA | $14.5 | 102% above |
MGNI has the edge over NFLX on trend strength, trading above more of its moving averages.
NFLX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $66.6 | 5.9% below |
| 20 week MA | $71.8 | 13% below |
| 50 week MA | $82.4 | 24% below |
| 100 week MA | $96.0 | 35% below |
| 200 week MA | $74.4 | 16% below |
NFLX is in a downtrend: it's below all five of its weekly moving averages, and 16% below its 200-week average.
MGNI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.38 | $32.5 | +288% |
| 2021 | $32.5 | $18.8 | -42% |
| 2022 | $18.8 | $10.7 | -43% |
| 2023 | $10.7 | $9.34 | -13% |
| 2024 | $9.34 | $16.4 | +75% |
| 2025 | $16.4 | $16.5 | +0.5% |
| 2026 YTD | $16.5 | $29.3 | +78% |
MGNI has the edge over NFLX on returns for 2026, with the stronger performance.
NFLX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.9 | $51.4 | +56% |
| 2021 | $51.4 | $61.4 | +19% |
| 2022 | $61.4 | $29.5 | -52% |
| 2023 | $29.5 | $48.7 | +65% |
| 2024 | $48.7 | $90.8 | +86% |
| 2025 | $90.8 | $94.5 | +4.1% |
| 2026 YTD | $94.5 | $62.7 | -34% |
NFLX is down 34% so far in 2026, after finishing higher in five of the previous six years.