Netflix Inc (NFLX)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 10,168,880 | 12,110,540 | 12,063,360 | 10,930,880 | 10,320,870 | 9,875,320 | 8,882,230 | 8,027,570 | 6,954,000 | 6,007,794 | 5,624,424 | 5,375,524 | 5,632,834 | 5,714,700 | 5,936,930 | 6,206,280 | 6,194,510 | 6,516,982 | 6,076,592 | 5,586,892 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 26,615,500 | 25,954,000 | 24,951,900 | 24,028,100 | 24,743,600 | 22,720,700 | 22,112,700 | 21,365,400 | 20,588,300 | 22,107,600 | 22,832,200 | 21,828,200 | 20,777,400 | 20,528,100 | 19,076,000 | 17,544,000 | 15,849,200 | 15,314,600 | 13,863,900 | 12,884,100 |
| Return on total capital | 38.21% | 46.66% | 48.35% | 45.49% | 41.71% | 43.46% | 40.17% | 37.57% | 33.78% | 27.18% | 24.63% | 24.63% | 27.11% | 27.84% | 31.12% | 35.38% | 39.08% | 42.55% | 43.83% | 43.36% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $10,168,880K ÷ ($—K + $26,615,500K)
= 38.21%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Netflix Inc
NFLX
38.21%
Walt Disney Company
DIS
12.66%
Warner Music Group
WMG
99.85%