Price to Operating Profit (P/OP)
since 2005
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- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
Netflix Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 27, 2025 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2024 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2023 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2022 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2021 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2020 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2019 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2018 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2017 | = | ÷ | = | ÷ | |||||||
| Jan 28, 2016 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 1, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 10, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Netflix Inc. Annual Report.
- Share Price Trend
- The share price exhibited a general upward trajectory from 2006 through 2025. Initially, the price fluctuated mildly between the range of approximately $3 to $9 from 2006 until 2010. A significant surge occurred from 2010 onwards, accelerating notably after 2014. The share price reached a peak in 2025 at $971.89, marking a substantial increase compared to the starting point in 2006.
- Operating Profit per Share Development
- Operating profit per share (OPPS) showed consistent growth over the analyzed period. Starting at a minimal $0.01 in 2006, it experienced gradual increases, with some fluctuations, until 2013 where it dipped to $0.13. From 2014 onwards, there was a pronounced and steady rise, culminating at $24.35 in 2025, reflecting significant improvements in profitability on a per-share basis.
- Price to Operating Profit Ratio (P/OP)
- The Price to Operating Profit ratio demonstrated considerable volatility. Initially extremely high at 472.05 in 2006, the ratio rapidly normalized to levels below 50 by 2007 and maintained a fluctuating yet general downward trend through 2010. From 2011, the ratio experienced several sharp spikes, notably reaching 184.56 in 2013 and remaining elevated through 2017 before trending downward again toward around 40 in 2025. These fluctuations indicate periods where the market price growth outpaced operating profit gains and vice versa, demonstrating varying investor sentiment and expectations over the years.
- Overall Financial Implications
- The data reflects a company experiencing strong growth in market valuation alongside improving operational profitability. Despite some volatility in valuation multiples, the progression of operating profit per share suggests enhanced operational efficiency or expanding profitability. The elevated share price and associated fluctuations in the P/OP ratio suggest market optimism, occasionally tempered by profit performance. In summary, the financial trends suggest a maturing company with increasing profitability that is continually revalued by the market, reflecting evolving growth prospects and risk assessments over the years.
Comparison to Competitors
Netflix Inc., P/OP, long-term trends, comparison to competitors
| Netflix Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Take-Two Interactive Software Inc. | |
|---|---|---|---|---|---|
| Jan 27, 2025 | |||||
| Jan 26, 2024 | |||||
| Jan 26, 2023 | |||||
| Jan 27, 2022 | |||||
| Jan 28, 2021 | |||||
| Jan 29, 2020 | |||||
| Jan 29, 2019 | |||||
| Jan 29, 2018 | |||||
| Jan 27, 2017 | |||||
| Jan 28, 2016 | |||||
| Jan 29, 2015 | |||||
| Feb 3, 2014 | |||||
| Feb 1, 2013 | |||||
| Feb 10, 2012 | |||||
| Feb 18, 2011 | |||||
| Feb 22, 2010 | |||||
| Feb 25, 2009 | |||||
| Feb 28, 2008 | |||||
| Feb 28, 2007 | |||||
| Mar 16, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).