Netflix, Inc. (NFLX) Return on Invested Capital (ROIC): 25.22%
Is Netflix, Inc.’s return on invested capital (ROIC) high or low?
Netflix, Inc.'s return on invested capital (ROIC) of 25.22% is 53% above its 5-year average of 16.51%, near the high end of its 5-year range (11.82%–25.22%).
The return on invested capital (ROIC) for Netflix, Inc. (NFLX) is 25.22% as of Tuesday, June 9, 2026. It is above its 12-month average by 11.05% (22.71%).
NFLX Return on Invested Capital (ROIC) Chart
NFLX Average Return on Invested Capital (ROIC) Chart
NFLX Current vs Average Return on Invested Capital (ROIC) Chart
NFLX Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
25.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
22.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
18.04%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
11.73%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.45%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.92%
CURRENT VS TTM AVG
+11.05%
CURRENT VS 3Y AVG
+39.82%
CURRENT VS 5Y AVG
+52.77%
CURRENT VS 10Y AVG
+115.07%
CURRENT VS 15Y AVG
+120.18%
CURRENT VS 20Y AVG
+111.60%
NFLX Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | — | 25.22% | 22.71% | 18.04% | 16.51% |
| T-Mobile US, Inc. (TMUS) | $194.21B | 7.04% | 7.04% | 5.58% | 4.72% |
| Verizon Communications Inc. (VZ) | $191.16B | 6.22% | 6.55% | 6.47% | 6.89% |
| The Walt Disney Company (DIS) | $172.49B | 8.13% | 6.75% | 4.90% | 3.95% |
| AT&T Inc. (T) | $157.80B | 5.57% | 5.30% | 3.67% | 4.11% |
| Spotify Technology S.A. (SPOT) | $102.03B | 21.05% | 18.19% | 2.45% | 0.41% |
| Comcast Corporation (CMCSA) | $85.20B | 6.42% | 7.49% | 6.93% | 6.52% |
| Electronic Arts Inc. (EA) | $50.77B | 9.36% | 10.34% | 10.06% | 9.41% |
| Twitter, Inc. (delisted) (TWTR) | $41.09B | 1.14% | 0.67% | 2.28% | 0.64% |
| Reddit, Inc. (RDDT) | $33.69B | 14.86% | -5.48% | -8.00% | -8.84% |
Capital Efficiency
ROIC
25.2%
ROE
41.3%
Netflix, Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Netflix, Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The return on invested capital (ROIC) for NFLX stock is 25.22%.
- Is Netflix, Inc.'s return on invested capital (ROIC) high or low?
- Netflix, Inc.'s return on invested capital (ROIC) of 25.22% is 53% above its 5-year average of 16.51%, near the high end of its 5-year range (11.82%–25.22%).
- What is the TTM average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The TTM average return on invested capital (ROIC) for NFLX stock is 22.71%.
- What is the 3Y average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The 3Y average return on invested capital (ROIC) for NFLX stock is 18.04%.
- What is the 5Y average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The 5Y average return on invested capital (ROIC) for NFLX stock is 16.51%.
- What is the 10Y average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The 10Y average return on invested capital (ROIC) for NFLX stock is 11.73%.
- What is the 15Y average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The 15Y average return on invested capital (ROIC) for NFLX stock is 11.45%.
- What is the 20Y average return on invested capital (ROIC) for Netflix, Inc. (NFLX)?
- The 20Y average return on invested capital (ROIC) for NFLX stock is 11.92%.
Netflix, Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 25.22% |
| 2024-12-31 | 20.20% |
| 2023-12-31 | 14.91% |
| 2022-12-31 | 11.82% |
| 2021-12-31 | 14.62% |
| 2020-12-31 | 12.28% |
| 2019-12-31 | 8.63% |
| 2018-12-31 | 8.14% |
| 2017-12-31 | 6.19% |
| 2016-12-31 | 3.02% |
| 2015-12-31 | 3.96% |
| 2014-12-31 | 7.02% |
| 2013-12-31 | 4.60% |
| 2012-12-31 | 1.23% |
| 2011-12-31 | 12.81% |
| 2010-12-31 | 28.62% |
| 2009-12-31 | 25.50% |
| 2008-12-31 | 19.10% |
| 2007-12-31 | 11.62% |
| 2006-12-31 | 9.48% |
| 2005-12-31 | 1.32% |
| 2004-12-31 | 12.23% |
| 2003-12-31 | 3.94% |
| 2002-12-31 | 27.63% |
| 2001-12-31 | -201.95% |
| 2000-12-31 | 0.00% |
Related Metrics
About Netflix, Inc.
Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.
- Sector
- Communication Services
- Industry
- Entertainment
- CEO
- Theodore A. Sarandos