NFLX
Netflix, Inc.
NFLX has the edge over XNET overall, supported by stronger valuation and stronger fundamentals.
XNET
Xunlei Limited
XNET 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.
XNET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
XNET's revenue, cash flow and balance sheet are currently healthy, and its profitability is 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.
XNET PE Valuation
XNET 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.
XNET Forward outlook
There aren't enough analyst estimates for XNET to show an outlook.
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 XNET on earnings quality, reporting a profit while its opponent remains loss making.
XNET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$6.35 | -111% |
| Q1 2026 | $68.25 | +$69.00 |
| Q4 2025 | $82.03 | +$82.66 |
| Q3 2025 | $99.53 | +43174% |
| Q2 2025 | $56.61 | +25632% |
| Q1 2025 | -$0.75 | -388% |
| Q4 2024 | -$0.63 | -386% |
| Q3 2024 | $0.23 | +21% |
XNET has swung to a loss: it lost $6.35 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 XNET 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 XNET on profitability, with a higher operating margin.
XNET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $102.3M | -1.2% |
| Q1 2026 | $98.1M | +11% |
| Q4 2025 | $143.1M | +70% |
| Q3 2025 | $125.9M | +58% |
| Q2 2025 | $103.5M | +31% |
| Q1 2025 | $88.5M | +11% |
| Q4 2024 | $84M | +9.3% |
| Q3 2024 | $79.8M | -4.9% |
XNET's revenue is growing: $102M last quarter, down 1.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -4.7% | -5.7 points |
| Q1 2026 | 4.4% | +6.5 points |
| Q4 2025 | 3.3% | +28 points |
| Q3 2025 | 2.2% | +2.4 points |
| Q2 2025 | 1.1% | -0.1 points |
| Q1 2025 | -2.1% | -7.2 points |
| Q4 2024 | -24% | -24 points |
| Q3 2024 | -0.2% | +2.8 points |
XNET's operating margin was −4.7% last quarter, down 5.7 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 XNET on cash flow, with more consistent year-over-year improvement.
XNET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $26.7M | +$26.7M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
XNET generated $27M in free cash flow over the past year, against $0 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 XNET 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.
XNET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +143K shares |
| 1 year | +0.5% | +61.9K shares |
| 3 years | -81% | -52.8M shares |
| 5 years | -81% | -55.8M shares |
| Available history | -81% | -55M shares |
XNET has 13M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $951,000 |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
XNET spent $951,000 buying back its own shares over the past year, after none 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).
XNET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q3 2024 | -5.8x | Net Cash |
| Q2 2024 | -5.4x | Net Cash |
| Q1 2024 | -4.9x | Net Cash |
XNET 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).
XNET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.5 | Neutral |
| Stochastic | 13.6 | Oversold |
XNET's weekly RSI is 30 (neutral) and its Stochastic is 14 (oversold).
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.
XNET PE vs Communication Services Sector
| Metric | XNET | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
XNET 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.
XNET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.18 | 15% below |
| 20 week MA | $4.83 | 27% below |
| 50 week MA | $5.65 | 37% below |
| 100 week MA | $5.42 | 35% below |
| 200 week MA | $3.57 | 0.8% below |
XNET is in a downtrend: it's below all five of its weekly moving averages, and 0.8% 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 has the edge over XNET on returns for 2026, with the stronger performance.
XNET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.60 | $2.93 | -36% |
| 2021 | $2.93 | $2.13 | -27% |
| 2022 | $2.13 | $1.95 | -8.5% |
| 2023 | $1.95 | $1.62 | -17% |
| 2024 | $1.62 | $2.06 | +27% |
| 2025 | $2.06 | $7.21 | +250% |
| 2026 YTD | $7.21 | $3.54 | -51% |
XNET has finished lower in four of the last six years. It's down 51% so far in 2026.