NFLX
Netflix, Inc.
NFLX has the edge over SMWB overall, supported by stronger valuation and lower modeled downside.
SMWB
Similarweb Ltd.
SMWB'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.
SMWB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
SMWB's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
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.
SMWB PE Valuation
SMWB 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 |
Analysts expect earnings and revenue growth for NFLX, with profitability improving.
SMWB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SMWB, 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 SMWB on earnings quality, reporting a profit while its opponent remains loss making.
SMWB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.29 | — |
| Q2 2026 | -$0.25 | +$0.10 |
| Q1 2026 | -$0.35 | -$0.13 |
| Q4 2025 | -$0.39 | -$0.25 |
| Q3 2025 | -$0.37 | -$0.25 |
| Q2 2025 | -$0.35 | -$0.20 |
| Q1 2025 | -$0.22 | +$0.04 |
| Q4 2024 | -$0.14 | +$0.24 |
| Q3 2024 | -$0.12 | +$0.41 |
SMWB is still losing money, but far less than before: $0.25 per share over the past year, against $1.23 at its worst 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 SMWB on sales, with stronger typical year-over-year growth.
| 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 SMWB on profitability, with a higher operating margin.
SMWB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $77.2M | +8.8% |
| Q1 2026 | $73.9M | +10% |
| Q4 2025 | $72.8M | +11% |
| Q3 2025 | $71.8M | +11% |
| Q2 2025 | $71M | +17% |
| Q1 2025 | $67.1M | +14% |
| Q4 2024 | $65.6M | +16% |
| Q3 2024 | $64.7M | +18% |
SMWB's revenue has grown year over year every quarter since early 2021: $77M last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 1% | +11 points |
| Q1 2026 | -4.4% | +9.5 points |
| Q4 2025 | -6.5% | -1 points |
| Q3 2025 | -3.8% | +0.1 points |
| Q2 2025 | -9.7% | -8.1 points |
| Q1 2025 | -14% | -9.3 points |
| Q4 2024 | -5.4% | -3.5 points |
| Q3 2024 | -3.8% | +5.1 points |
SMWB's operating margin was 1% last quarter, up 11 points from the same quarter a year ago, near the top of its range since 2020.
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 SMWB on cash flow, with more consistent year-over-year improvement.
SMWB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $8.8M | +232% |
| Q1 2026 | -$71K | -102% |
| Q4 2025 | $3M | +12% |
| Q3 2025 | $3M | -66% |
| Q2 2025 | $2.7M | -58% |
| Q1 2025 | $4.4M | -55% |
| Q4 2024 | $2.7M | -24% |
| Q3 2024 | $8.7M | +$13.7M |
SMWB still generates free cash flow, though less than at its 2024 peak: $15M over the past year.
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 SMWB 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.
SMWB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +619K shares |
| 1 year | +4.6% | +3.9M shares |
| 3 years | +13% | +10.3M shares |
| 5 years | +18% | +13.5M shares |
| Available history | +33% | +21.8M shares |
SMWB has 88M diluted shares, up 4.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SMWB 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's net debt is less than a year of its operating earnings (EBITDA).
SMWB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -42.9x | Net Cash |
| Q3 2024 | -4.3x | Net Cash |
| Q2 2024 | -11.6x | Net Cash |
SMWB has more cash than debt.
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).
SMWB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.9 | Neutral |
| Stochastic | 52.0 | Neutral |
SMWB's weekly RSI is 55 (neutral) and its Stochastic is 52 (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.
SMWB PE vs Communication Services Sector
SMWB 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.
SMWB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.34 | 4.6% below |
| 20 week MA | $7.94 | 0.3% above |
| 50 week MA | $5.82 | 37% above |
| 100 week MA | $7.67 | 3.8% above |
| 200 week MA | $7.43 | 7.1% above |
SMWB 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.
SMWB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $21.3 | $18.3 | -14% |
| 2022 | $18.3 | $5.30 | -71% |
| 2023 | $5.30 | $5.33 | +0.6% |
| 2024 | $5.33 | $14.4 | +170% |
| 2025 | $14.4 | $7.14 | -50% |
| 2026 YTD | $7.14 | $7.96 | +11% |
SMWB has the edge over NFLX on returns for 2026, with the stronger performance.