NFLX
Netflix, Inc.
NFLX has the edge over NXST overall, supported by stronger valuation and stronger fundamentals.
NXST
Nexstar Media Group, Inc.
NXST trails on the overall score without a compensating advantage in the available component scores.
NFLX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
NFLX's revenue, profitability, cash flow and balance sheet are all currently healthy.
NXST Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Weak |
NXST's revenue, profitability and cash flow are currently healthy, but its balance sheet is weak.
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 NXST in the historical PE scenario, which offers more potential upside but is not a forecast.
NXST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.7x | $84.87 | -59% |
| Forward | 7.9x | $206 | — |
| Fair | 9.5x | $105 | -49% |
| Expensive | 17x | $182 | -11% |
| Current | 19x | $206 | — |
Historical ranges are pointers, not guarantees.
NXST's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 7.9x next year's earnings, in its cheap range.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for NFLX, with profitability improving.
NXST Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NXST, but weaker profitability.
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 has the edge over NXST on earnings, with more consistent year-over-year improvement.
NXST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $26.18 | +137% |
| Q3 2026 | $11.05 | -31% |
| Q2 2026 | $5.27 | -72% |
| Q1 2026 | $4.72 | -76% |
| Q4 2025 | $3.00 | -86% |
| Q3 2025 | $16.01 | -7.5% |
| Q2 2025 | $19.14 | +50% |
| Q1 2025 | $19.62 | +66% |
| Q4 2024 | $21.41 | +122% |
NXST's earnings per share have fallen from their peak: $11.05 over the past year, against $25.00 in late 2022.
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 NXST on sales, with more consistent year-over-year improvement.
| 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 NXST on profitability, with a higher operating margin.
NXST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +78% |
| Q2 2026 | $2B | +62% |
| Q1 2026 | $1.4B | +13% |
| Q4 2025 | $1.3B | -13% |
| Q3 2025 | $1.2B | -12% |
| Q2 2025 | $1.2B | -3.2% |
| Q1 2025 | $1.2B | -3.9% |
| Q4 2024 | $1.5B | +14% |
NXST's revenue has picked up after four years of holding roughly level: $2.1B last quarter, up 78% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +10 points |
| Q2 2026 | 18% | +0.8 points |
| Q1 2026 | 19% | +1.2 points |
| Q4 2025 | 19% | -9.3 points |
| Q3 2025 | 15% | -9.9 points |
| Q2 2025 | 17% | -1.6 points |
| Q1 2025 | 18% | -3.6 points |
| Q4 2024 | 28% | +10 points |
NXST's operating margin was 25% last quarter, up 10 points from the same quarter a year ago.
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 generated $11.4B in free cash flow over the past year, up 27% from the year before.
NXST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $634M | +629% |
| Q2 2026 | $253M | +16% |
| Q1 2026 | $267M | -12% |
| Q4 2025 | $136M | -64% |
| Q3 2025 | $87M | -76% |
| Q2 2025 | $218M | +57% |
| Q1 2025 | $302M | +30% |
| Q4 2024 | $376M | +158% |
NXST's free cash flow has been positive every quarter for seven years: $1.3B over the past year, up 31% 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 NXST 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.
NXST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +105K shares |
| 1 year | +1.2% | +364K shares |
| 3 years | -12% | -4.4M shares |
| 5 years | -29% | -12.5M shares |
| Available history | -35% | -16.9M shares |
NXST has 31M diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $75M |
| Q4 2024 | $178M |
| Q3 2024 | $177M |
| Q2 2024 | $135M |
| Q1 2024 | $111M |
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 has the edge over NXST on leverage, with a lower net debt burden relative to earnings.
NXST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 8.3x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 4.6x | High |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.1x | Elevated |
NXST's net debt is about 6.4 years of its operating earnings (EBITDA), up from 3.3 years a year ago.
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).
NXST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.8 | Neutral |
| Stochastic | 69.7 | Neutral |
NXST's weekly RSI is 63 (neutral) and its Stochastic is 70 (neutral).
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 NXST on valuation relative to its sector.
NXST PE vs Communication Services Sector
| Metric | NXST | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 16x | 13% above |
| PE % | 86 | 26 | 60 pts above |
NXST is trading at 19x earnings, a 13% premium to the Communication Services sector's median of 16x.
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.
NXST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $172.3 | 20% above |
| 20 week MA | $177.3 | 16% above |
| 50 week MA | $193.7 | 6.4% above |
| 100 week MA | $184.9 | 11% above |
| 200 week MA | $175.2 | 18% above |
NXST has the edge over NFLX on trend strength, trading above more of its moving averages.
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.
NXST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $118.2 | $105.0 | -11% |
| 2021 | $105.0 | $152.8 | +45% |
| 2022 | $152.8 | $176.0 | +15% |
| 2023 | $176.0 | $156.8 | -11% |
| 2024 | $156.8 | $159.1 | +1.5% |
| 2025 | $159.1 | $205.0 | +29% |
| 2026 YTD | $205.0 | $206.0 | +0.5% |
NXST has the edge over NFLX on returns for 2026, with the stronger performance.