NFLX
Netflix, Inc.
NFLX has the edge over RCI overall, supported by stronger valuation and stronger modeled upside.
RCI
Rogers Communications Inc.
RCI 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.
RCI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
RCI's profitability and cash flow are currently healthy, and its revenue is stable, 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 RCI in the historical PE scenario, which offers more potential upside but is not a forecast.
RCI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $17.81 | -46% |
| Fair | 17x | $27.06 | -18% |
| Expensive | 21x | $32.99 | +0.5% |
| Current | 21x | $32.83 | — |
Historical ranges are pointers, not guarantees.
RCI's PE is 21x, but its earnings don't support one, so it isn't a reliable read right now.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
NFLX has the edge over RCI on the outlook, with more favorable earnings and revenue expectations.
RCI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect RCI's earnings and profitability to decline, with its 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'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.
RCI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $1.55 | -82% |
| Q2 2026 | $8.41 | +325% |
| Q1 2026 | $9.56 | +317% |
| Q4 2025 | $9.36 | +314% |
| Q3 2025 | $8.75 | +342% |
| Q2 2025 | $1.98 | +71% |
| Q1 2025 | $2.29 | +194% |
| Q4 2024 | $2.26 | +97% |
RCI earned $1.55 per share over the past year, down 82% from 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 RCI 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 RCI on profitability, with a higher operating margin.
RCI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -0.9% |
| Q2 2026 | $3.9B | +7.7% |
| Q1 2026 | $3.9B | +10% |
| Q4 2025 | $4.3B | +13% |
| Q3 2025 | $3.8B | +4.3% |
| Q2 2025 | $3.7B | +2.4% |
| Q1 2025 | $3.5B | +1.5% |
| Q4 2024 | $3.9B | +2.7% |
RCI's revenue is growing: $3.7B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +0.5 points |
| Q2 2026 | 22% | -0.3 points |
| Q1 2026 | 21% | -1 points |
| Q4 2025 | 24% | -1.1 points |
| Q3 2025 | 24% | -3 points |
| Q2 2025 | 23% | -0.8 points |
| Q1 2025 | 22% | +0.1 points |
| Q4 2024 | 25% | +3.1 points |
RCI's operating margin was 24% last quarter, about level with 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.
RCI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $758.6M | +175% |
| Q2 2026 | $576.7M | +11% |
| Q1 2026 | $465.2M | +125% |
| Q4 2025 | $576.7M | +1448% |
| Q3 2025 | $276.1M | -56% |
| Q2 2025 | $521M | +60% |
| Q1 2025 | $206.7M | +170% |
| Q4 2024 | $37.3M | -87% |
RCI has the edge over NFLX on cash flow, with stronger typical year-over-year growth.
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 RCI 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.
RCI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +2M shares |
| 1 year | +0.6% | +3M shares |
| 3 years | +2.5% | +13M shares |
| 5 years | +7.1% | +36M shares |
| Available history | +6.3% | +32M shares |
RCI has 542M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
RCI 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 RCI on leverage, with a lower net debt burden relative to earnings.
RCI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 2.9x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 4.3x | High |
| Q1 2025 | 5.1x | High |
| Q4 2024 | 5.1x | High |
RCI's net debt is about 4.3 years of its operating earnings (EBITDA), up from 2.9 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).
RCI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.7 | Neutral |
| Stochastic | 41.6 | Neutral |
RCI's weekly RSI is 46 (neutral) and its Stochastic is 42 (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 RCI on valuation relative to its sector.
RCI PE vs Communication Services Sector
| Metric | RCI | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 29% above |
| PE % | 82 | 26 | 56 pts above |
RCI is trading at 21x earnings, a 29% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
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.
RCI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.0 | 2.7% above |
| 20 week MA | $33.7 | 2.6% below |
| 50 week MA | $35.7 | 8% below |
| 100 week MA | $33.4 | 1.8% below |
| 200 week MA | $37.8 | 13% below |
RCI 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.
RCI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $49.6 | $46.8 | -5.6% |
| 2021 | $46.8 | $46.8 | +0.1% |
| 2022 | $46.8 | $45.1 | -3.6% |
| 2023 | $45.1 | $46.8 | +3.8% |
| 2024 | $46.8 | $30.4 | -35% |
| 2025 | $30.4 | $37.4 | +23% |
| 2026 YTD | $37.4 | $32.8 | -12% |
RCI has the edge over NFLX on returns for 2026, with the stronger performance.