NFLX
Netflix, Inc.
NFLX has the edge over OPRA overall, supported by stronger valuation and stronger modeled upside.
OPRA
Opera Limited
OPRA's outlook is improving, though it still trails on the overall score.
NFLX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
NFLX's revenue, profitability, cash flow and balance sheet are all currently healthy.
OPRA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
OPRA's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 OPRA in the historical PE scenario, which offers more potential upside but is not a forecast.
OPRA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $10.24 | -35% |
| Current | 11x | $15.63 | — |
| Fair | 16x | $22.42 | +43% |
| Expensive | 28x | $38.34 | +145% |
Historical ranges are pointers, not guarantees.
OPRA's PE is in its cheap range at 11x, but its recent earnings include one-off gains.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for NFLX, with profitability improving.
OPRA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OPRA, with profitability improving.
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 OPRA on earnings, with more consistent year-over-year improvement.
OPRA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.38 | +55% |
| Q1 2026 | $1.25 | +33% |
| Q4 2025 | $1.18 | +30% |
| Q4 2025 | $0.89 | -55% |
| Q2 2025 | $0.89 | -54% |
| Q1 2025 | $0.94 | -50% |
| Q4 2024 | $0.91 | -52% |
| Q3 2024 | $1.97 | +170% |
OPRA's earnings per share have fallen from their peak: $1.38 over the past year, against $1.97 in late 2024. Its recent earnings include one-off gains.
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's revenue has grown year over year every quarter since late 2020: $12.9B last quarter, up 12% from the same quarter a year ago.
| 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 OPRA on profitability, with a higher operating margin.
OPRA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $177.5M | +24% |
| Q1 2026 | $175.8M | +23% |
| Q4 2025 | $177M | +21% |
| Q4 2025 | $151.9M | +23% |
| Q2 2025 | $143M | +30% |
| Q1 2025 | $142.7M | +40% |
| Q4 2024 | $145.8M | +29% |
| Q3 2024 | $123.2M | +20% |
OPRA has the edge over NFLX on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | +3.7 points |
| Q1 2026 | 17% | +2.5 points |
| Q4 2025 | 17% | -2.3 points |
| Q4 2025 | 15% | -4.1 points |
| Q2 2025 | 13% | -7.3 points |
| Q1 2025 | 15% | -4.4 points |
| Q4 2024 | 19% | +0.9 points |
| Q3 2024 | 19% | +3.2 points |
OPRA's operating margin was 16% last quarter, up 3.7 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.
OPRA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $21.8M | -28% |
| Q1 2026 | $36.8M | +140% |
| Q4 2025 | $39.6M | +101% |
| Q4 2025 | $22.5M | -27% |
| Q2 2025 | $30.3M | +109% |
| Q1 2025 | $15.3M | +42% |
| Q4 2024 | $19.7M | -20% |
| Q3 2024 | $30.8M | +93% |
OPRA generated $121M in free cash flow over the past year, up 26% 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 OPRA 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.
OPRA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -67K shares |
| 1 year | +0.8% | +760K shares |
| 3 years | -0.3% | -237K shares |
| 5 years | -21% | -24.7M shares |
| Available history | -19% | -21.9M shares |
OPRA has 91M diluted shares, up 0.8% from a year ago, despite $27M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $14.2M |
| Q1 2026 | $12.8M |
| Q4 2025 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
OPRA spent $27M buying back its own shares over the past year, after none the year before.
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).
OPRA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q2 2025 | -1.1x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -1.0x | Net Cash |
| Q3 2024 | -1.0x | Net Cash |
OPRA has the edge over NFLX on leverage, with a lower net debt burden relative to earnings.
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).
OPRA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 9.3 | Oversold |
OPRA's weekly RSI is 40 (neutral) and its Stochastic is 9 (oversold).
NFLX PE vs Communication Services Sector
| Metric | NFLX | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 16x | 9.8% above |
| PE % | 4 | 26 | 22 pts below |
NFLX is trading at 18x earnings, in line with the Communication Services sector's median of 16x.
OPRA PE vs Communication Services Sector
| Metric | OPRA | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 16x | 31% below |
| PE % | 25 | 26 | 1 pt below |
OPRA has the edge over NFLX on valuation relative to its sector.
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.
OPRA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.7 | 6.6% below |
| 20 week MA | $18.2 | 14% below |
| 50 week MA | $16.6 | 5.6% below |
| 100 week MA | $16.9 | 7.6% below |
| 200 week MA | $15.3 | 2.4% above |
OPRA 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.
OPRA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.44 | $8.49 | -10% |
| 2021 | $8.49 | $7.19 | -15% |
| 2022 | $7.19 | $5.98 | -17% |
| 2023 | $5.98 | $13.2 | +121% |
| 2024 | $13.2 | $19.0 | +43% |
| 2025 | $19.0 | $14.5 | -24% |
| 2026 YTD | $14.5 | $15.6 | +7.7% |
OPRA has the edge over NFLX on returns for 2026, with the stronger performance.