NFLX
Netflix, Inc.
NFLX has the edge over PLAY overall, supported by stronger fundamentals and stronger valuation.
PLAY
Dave & Buster's Entertainment, Inc.
PLAY 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.
PLAY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
PLAY'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.
PLAY PE Valuation
PLAY 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 PLAY on the outlook, with more favorable earnings and revenue expectations.
PLAY Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect PLAY'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 PLAY on earnings quality, reporting a profit while its opponent remains loss making.
PLAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.54 | -705% |
| Q2 2026 | -$1.86 | -271% |
| Q1 2026 | -$1.40 | -196% |
| Q4 2025 | $0.04 | -98% |
| Q3 2025 | $0.42 | -85% |
| Q2 2025 | $1.09 | -55% |
| Q1 2025 | $1.46 | -49% |
| Q4 2024 | $2.09 | -24% |
PLAY has swung to a loss: it lost $2.54 per share over the past year, after a profit the year before.
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 PLAY 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 PLAY on profitability, with a higher operating margin.
PLAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $544.1M | -2.4% |
| Q2 2026 | $559.2M | -1.5% |
| Q1 2026 | $529.6M | -0.9% |
| Q4 2025 | $448.2M | -1.1% |
| Q3 2025 | $557.4M | +0.1% |
| Q2 2025 | $567.7M | -3.5% |
| Q1 2025 | $534.5M | -11% |
| Q4 2024 | $453M | -3% |
PLAY's revenue grew through 2023 and has held roughly level since: $544M last quarter, down 2.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.6% | -5.9 points |
| Q2 2026 | 8.4% | -2.7 points |
| Q1 2026 | -2.6% | -11 points |
| Q4 2025 | -3.6% | -5 points |
| Q3 2025 | 9.5% | -5.7 points |
| Q2 2025 | 11% | -3.4 points |
| Q1 2025 | 8.3% | -6.7 points |
| Q4 2024 | 1.4% | -2.6 points |
PLAY's operating margin was 3.6% last quarter, down 5.9 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 has the edge over PLAY on cash generation, producing positive trailing cash flow while its opponent burns cash.
PLAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$37.9M | +$17.3M |
| Q2 2026 | $8.5M | +$67.3M |
| Q1 2026 | $34M | +$95M |
| Q4 2025 | -$20.6M | +$117.8M |
| Q3 2025 | -$55.2M | -$40.9M |
| Q2 2025 | -$58.8M | -$54.6M |
| Q1 2025 | -$61M | -$35.6M |
| Q4 2024 | -$138.4M | -$135.4M |
PLAY has burned cash in six of the last eight quarters: −$16M over the past year, against −$313M 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 PLAY 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.
PLAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -130K shares |
| 1 year | -0.9% | -330K shares |
| 3 years | -20% | -8.6M shares |
| 5 years | -29% | -14.4M shares |
| Available history | +10% | +3.3M shares |
PLAY has 35M diluted shares, down 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $23.9M |
| Q1 2025 | $83.9M |
| Q4 2024 | $28M |
PLAY hasn't bought back shares in the past year.
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 PLAY on leverage, with a lower net debt burden relative to earnings.
PLAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.5x | High |
| Q2 2026 | 4.2x | High |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 3.9x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.6x | Elevated |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 2.9x | Moderate |
PLAY's net debt is about 4.5 years of its operating earnings (EBITDA), up from 3.7 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).
PLAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.2 | Neutral |
| Stochastic | 29.2 | Neutral |
PLAY's weekly RSI is 40 (neutral) and its Stochastic is 29 (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.
PLAY PE vs Communication Services Sector
| Metric | PLAY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
PLAY 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.
PLAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.29 | 7.7% above |
| 20 week MA | $8.72 | 10% below |
| 50 week MA | $12.2 | 36% below |
| 100 week MA | $17.6 | 55% below |
| 200 week MA | $29.9 | 74% below |
PLAY 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 has the edge over PLAY on returns for 2026, with the stronger performance.
PLAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.7 | $29.6 | -27% |
| 2021 | $29.6 | $39.5 | +33% |
| 2022 | $39.5 | $35.0 | -11% |
| 2023 | $35.0 | $53.9 | +54% |
| 2024 | $53.9 | $29.1 | -46% |
| 2025 | $29.1 | $16.3 | -44% |
| 2026 YTD | $16.3 | $7.85 | -52% |
PLAY has finished lower in four of the last six years. It's down 52% so far in 2026.