NFLX
Netflix, Inc.
NFLX has the edge over SNAP overall, supported by stronger valuation and stronger modeled upside.
SNAP
Snap Inc.
SNAP'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.
SNAP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
SNAP's revenue and cash flow are currently healthy, and its profitability 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'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.
SNAP PE Valuation
SNAP has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 34x next year's earnings.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for NFLX, with profitability improving.
SNAP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect SNAP to return to profit, with revenue growing. 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 SNAP on earnings quality, reporting a profit while its opponent remains loss making.
SNAP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.15 | — |
| Q3 2026 | -$0.09 | +$0.20 |
| Q2 2026 | -$0.18 | +$0.14 |
| Q1 2026 | -$0.24 | +$0.07 |
| Q4 2025 | -$0.27 | +$0.15 |
| Q3 2025 | -$0.29 | +$0.28 |
| Q2 2025 | -$0.32 | +$0.39 |
| Q1 2025 | -$0.31 | +$0.49 |
| Q4 2024 | -$0.42 | +$0.40 |
SNAP is still losing money, but far less than before: $0.09 per share over the past year, against $0.89 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 SNAP 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 SNAP on profitability, with a higher operating margin.
SNAP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +14% |
| Q2 2026 | $1.6B | +19% |
| Q1 2026 | $1.5B | +12% |
| Q4 2025 | $1.7B | +10% |
| Q3 2025 | $1.5B | +9.8% |
| Q2 2025 | $1.3B | +8.7% |
| Q1 2025 | $1.4B | +14% |
| Q4 2024 | $1.6B | +14% |
SNAP's revenue has grown year over year for 13 quarters in a row: $1.7B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.5% | +13 points |
| Q2 2026 | -11% | +8.6 points |
| Q1 2026 | -4.9% | +9.4 points |
| Q4 2025 | 2.9% | +4.6 points |
| Q3 2025 | -8.5% | +4.1 points |
| Q2 2025 | -19% | +1.2 points |
| Q1 2025 | -14% | +14 points |
| Q4 2024 | -1.7% | +17 points |
SNAP's operating margin was 4.5% last quarter, up 13 points from the same quarter a year ago, near the top 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 generated $11.4B in free cash flow over the past year, up 27% from the year before.
SNAP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $164.5M | +76% |
| Q2 2026 | $120.5M | +407% |
| Q1 2026 | $286M | +150% |
| Q4 2025 | $205.6M | +13% |
| Q3 2025 | $93.4M | +30% |
| Q2 2025 | $23.8M | +$97.2M |
| Q1 2025 | $114.4M | +202% |
| Q4 2024 | $182.4M | +65% |
SNAP has the edge over NFLX on cash flow, with more consistent year-over-year improvement.
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 SNAP 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.
SNAP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +36.7M shares |
| 1 year | +0.2% | +3.6M shares |
| 3 years | +4.6% | +74.3M shares |
| 5 years | +7.5% | +119M shares |
| Available history | +24% | +325M shares |
SNAP has 1.7B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $250.5M |
| Q1 2026 | $350.5M |
| Q4 2025 | $250.3M |
| Q3 2025 | — |
| Q2 2025 | $243.5M |
| Q1 2025 | $257.1M |
| Q4 2024 | — |
SNAP spent $851M buying back its own shares over the past year, up 70% from 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 has the edge over SNAP on leverage, with a lower net debt burden relative to earnings.
SNAP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 40.5x | High |
SNAP's net debt is more than 20 years of its operating earnings (EBITDA).
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).
SNAP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.4 | Neutral |
| Stochastic | 21.9 | Neutral |
SNAP's weekly RSI is 46 (neutral) and its Stochastic is 22 (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.
SNAP PE vs Communication Services Sector
SNAP 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.
SNAP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.65 | 7.6% below |
| 20 week MA | $5.32 | 1.9% below |
| 50 week MA | $5.69 | 8.3% below |
| 100 week MA | $7.30 | 28% below |
| 200 week MA | $9.54 | 45% below |
SNAP is in a downtrend: it's below all five of its weekly moving averages, and 45% 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 is down 34% so far in 2026, after finishing higher in five of the previous six years.
SNAP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $50.2 | +213% |
| 2021 | $50.2 | $48.7 | -2.9% |
| 2022 | $48.7 | $8.58 | -82% |
| 2023 | $8.58 | $16.9 | +97% |
| 2024 | $16.9 | $11.0 | -35% |
| 2025 | $11.0 | $7.86 | -28% |
| 2026 YTD | $7.86 | $5.22 | -34% |
SNAP has the edge over NFLX on returns for 2026, with the stronger performance.