NFLX
Netflix, Inc.
NFLX has the edge over OPTU overall, supported by stronger fundamentals and lower modeled downside.
OPTU
Optimum Communications, Inc.
OPTU 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.
OPTU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Under pressure | |
| Weak |
OPTU's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
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's PE is in its cheap range at 18x. If earnings grow as analysts expect, today's price would be 17x next year's earnings.
OPTU PE Valuation
OPTU has no meaningful PE right now: it lost money over the past year.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
NFLX has the edge over OPTU on the outlook, with more favorable earnings and revenue expectations.
OPTU Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect OPTU's losses to grow, with revenue holding steady. However, they disagree widely on these estimates.
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 OPTU on earnings quality, reporting a profit while its opponent remains loss making.
OPTU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$15.63 | -$11.68 |
| Q2 2026 | -$8.86 | -$8.29 |
| Q1 2026 | -$8.40 | -$8.07 |
| Q4 2025 | -$3.99 | -$3.77 |
| Q3 2025 | -$3.95 | -$3.58 |
| Q2 2025 | -$0.57 | -$0.44 |
| Q1 2025 | -$0.33 | -3400% |
| Q4 2024 | -$0.22 | -283% |
OPTU lost $15.63 per share over the past year, and its loss has widened in each of the last seven quarters.
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 OPTU 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 OPTU on profitability, with a higher operating margin.
OPTU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | -5.1% |
| Q2 2026 | $2B | -5.8% |
| Q1 2026 | $2.1B | -4% |
| Q4 2025 | $2.2B | -2.3% |
| Q3 2025 | $2.1B | -5.4% |
| Q2 2025 | $2.1B | -4.2% |
| Q1 2025 | $2.2B | -4.4% |
| Q4 2024 | $2.2B | -2.9% |
OPTU's revenue has slid since its 2021 peak: $2B last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -153% | -98 points |
| Q2 2026 | 8.2% | -6.3 points |
| Q1 2026 | -114% | -130 points |
| Q4 2025 | 18% | +3 points |
| Q3 2025 | -55% | -75 points |
| Q2 2025 | 14% | -7.9 points |
| Q1 2025 | 16% | -1.5 points |
| Q4 2024 | 15% | +2.1 points |
OPTU's operating margin was −153% last quarter, down 98 points from the same quarter a year ago, near the bottom of its range since 2019.
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 OPTU on cash generation, producing positive trailing cash flow while its opponent burns cash.
OPTU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$267.9M | -$89.8M |
| Q2 2026 | -$91.9M | -423% |
| Q1 2026 | -$137.4M | +$31.2M |
| Q4 2025 | $199.4M | +300% |
| Q3 2025 | -$178.1M | -332% |
| Q2 2025 | $28.4M | +$69.4M |
| Q1 2025 | -$168.6M | -365% |
| Q4 2024 | $49.9M | -75% |
OPTU's free cash flow was −$298M over the past year, against −$268M 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 4.2B diluted shares, down 3.3% from a year ago, with $12.9B in buybacks over the past year.
| 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.
OPTU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -37% | -164M shares |
| 1 year | -40% | -187M shares |
| 3 years | -38% | -173M shares |
| 5 years | -38% | -175M shares |
| Available history | -57% | -381M shares |
OPTU has the edge over NFLX on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | $79.4M |
| Q2 2021 | $221.9M |
| Q1 2021 | $503.6M |
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).
OPTU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 15.9x | High |
| Q3 2025 | 16.4x | High |
| Q2 2025 | 8.0x | High |
| Q1 2025 | 7.6x | High |
| Q4 2024 | 7.5x | High |
| Q3 2024 | 7.7x | High |
| Q2 2024 | 7.6x | High |
| Q1 2024 | 7.5x | High |
OPTU's net debt is about 16 years of its operating earnings (EBITDA), up from 7.5 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).
OPTU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.2 | Neutral |
| Stochastic | 33.9 | Neutral |
OPTU's weekly RSI is 38 (neutral) and its Stochastic is 34 (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 is trading at 18x earnings, in line with the Communication Services sector's median of 16x.
OPTU PE vs Communication Services Sector
| Metric | OPTU | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
OPTU has no meaningful PE right now: it lost money over the past year.
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.
OPTU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.82 | 22% below |
| 20 week MA | $0.90 | 29% below |
| 50 week MA | $1.23 | 48% below |
| 100 week MA | $1.83 | 65% below |
| 200 week MA | $2.28 | 72% below |
OPTU is in a downtrend: it's below all five of its weekly moving averages, and 72% below its 200-week average.
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 has the edge over OPTU on returns for 2026, with the stronger performance.
OPTU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.2 | $36.0 | +33% |
| 2021 | $36.0 | $16.1 | -55% |
| 2022 | $16.1 | $4.39 | -73% |
| 2023 | $4.39 | $3.25 | -26% |
| 2024 | $3.25 | $2.41 | -26% |
| 2025 | $2.41 | $1.66 | -31% |
| 2026 YTD | $1.66 | $0.64 | -61% |
OPTU has finished five years in a row lower, and it's down 61% so far in 2026.