Netflix Inc (NFLX)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 13,453,600 | 9,246,920 | 6,954,000 | 5,970,140 | 6,605,720 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 26,615,500 | 24,743,600 | 20,588,300 | 20,777,400 | 15,849,200 |
| Return on total capital | 50.55% | 37.37% | 33.78% | 28.73% | 41.68% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $13,453,600K ÷ ($—K + $26,615,500K)
= 50.55%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Netflix Inc
NFLX
50.55%
Walt Disney Company
DIS
12.57%
Warner Music Group
WMG
107.26%