NFLX
Netflix, Inc.
NFLX has a slight edge over TWLO overall, supported by stronger valuation and lower modeled downside.
TWLO
Twilio Inc.
TWLO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
NFLX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
NFLX's revenue, profitability, cash flow and balance sheet are all currently healthy.
TWLO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
TWLO's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
TWLO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 27x | $212 | — |
| Forward | 32x | $212 | — |
| Cheap | 36x | $287 | +35% |
| Fair | 326x | $2,598 | +1124% |
| Expensive | 920x | $7,334 | +3356% |
Historical ranges are pointers, not guarantees.
TWLO has the edge over NFLX in the historical PE scenario, which offers more potential upside but is not a forecast.
NFLX Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
NFLX has the edge over TWLO on the outlook, with more favorable valuation expectations.
TWLO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for TWLO, 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'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.
TWLO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.60 | -17% |
| Q3 2026 | $7.97 | +1944% |
| Q2 2026 | $7.20 | +7100% |
| Q1 2026 | $0.66 | +$0.89 |
| Q4 2025 | $0.21 | +$0.87 |
| Q3 2025 | $0.39 | +$2.96 |
| Q2 2025 | $0.10 | +$3.39 |
| Q1 2025 | -$0.23 | +$3.78 |
| Q4 2024 | -$0.66 | +$4.88 |
TWLO's earnings per share have climbed steadily: $7.97 over the past year, more than ten times what it earned the year before, and higher year over year for 13 quarters in a row.
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 TWLO 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 TWLO on profitability, with a higher operating margin.
TWLO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +20% |
| Q2 2026 | $1.5B | +22% |
| Q1 2026 | $1.4B | +20% |
| Q4 2025 | $1.4B | +14% |
| Q3 2025 | $1.3B | +15% |
| Q2 2025 | $1.2B | +13% |
| Q1 2025 | $1.2B | +12% |
| Q4 2024 | $1.2B | +11% |
TWLO's revenue has grown year over year every quarter since late 2020: $1.6B last quarter, up 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.5% | +6.4 points |
| Q2 2026 | 5.6% | +2.6 points |
| Q1 2026 | 7.7% | +5.7 points |
| Q4 2025 | 4.2% | +3 points |
| Q3 2025 | 3.1% | +3.6 points |
| Q2 2025 | 3% | +4.8 points |
| Q1 2025 | 2% | +6.1 points |
| Q4 2024 | 1.1% | +35 points |
TWLO's operating margin was 9.5% last quarter, up 6.4 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.
TWLO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $389.2M | +48% |
| Q2 2026 | $372.4M | +34% |
| Q1 2026 | $153.2M | -20% |
| Q4 2025 | $271.6M | +150% |
| Q3 2025 | $263.6M | +29% |
| Q2 2025 | $277.1M | +30% |
| Q1 2025 | $191M | +0.5% |
| Q4 2024 | $108.4M | -51% |
TWLO 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 TWLO 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.
TWLO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +2M shares |
| 1 year | +1.6% | +2.5M shares |
| 3 years | -11% | -20M shares |
| 5 years | -8.7% | -15.5M shares |
| Available history | +24% | +31.7M shares |
TWLO has 162M diluted shares, up 1.6% from a year ago, despite $647M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $125.2M |
| Q2 2026 | $70M |
| Q1 2026 | $253M |
| Q4 2025 | $198.5M |
| Q3 2025 | $347.2M |
| Q2 2025 | $197M |
| Q1 2025 | $126.3M |
| Q4 2024 | $420.1M |
TWLO spent $647M buying back its own shares over the past year, down 41% 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's net debt is less than a year of its operating earnings (EBITDA).
TWLO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 2.4x | Moderate |
| Q4 2024 | 3.7x | Elevated |
TWLO has the edge over NFLX on leverage, with a lower net debt burden relative to earnings.
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).
TWLO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 20.6 | Neutral |
TWLO's weekly RSI is 49 (neutral) and its Stochastic is 21 (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 TWLO on valuation relative to its sector.
TWLO PE vs Communication Services Sector
| Metric | TWLO | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 16x | 61% above |
| PE % | 3 | 26 | 23 pts below |
TWLO is trading at 27x earnings, a 61% premium to the Communication Services sector's median of 16x.
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.
TWLO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $248.2 | 14% below |
| 20 week MA | $232.6 | 8.8% below |
| 50 week MA | $181.9 | 17% above |
| 100 week MA | $147.4 | 44% above |
| 200 week MA | $106.1 | 100% above |
TWLO 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.
TWLO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $100.4 | $362.9 | +261% |
| 2021 | $362.9 | $267.2 | -26% |
| 2022 | $267.2 | $44.8 | -83% |
| 2023 | $44.8 | $75.9 | +70% |
| 2024 | $75.9 | $109.3 | +44% |
| 2025 | $109.3 | $140.5 | +29% |
| 2026 YTD | $140.5 | $212.2 | +51% |
TWLO has the edge over NFLX on returns for 2026, with the stronger performance.