Netflix Inc (NFLX) — Cash Flow Quality Index
Latest as of December 2025:
0.87x
Netflix Inc (NFLX) has a Cash Flow Quality Index of 0.87x as of December 2025. Operating cash flow of $2.11 Billion is below net income of $2.42 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Netflix Inc service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.87x
Operating CF / Net Income
Operating Cash Flow
$2.11 Billion
USD
Net Income
$2.42 Billion
USD
Data as of
Dec 2025
Most recent filing
Netflix Inc Cash Flow Quality Index (2003–2025)
Historical Cash Flow Quality Index for Netflix Inc across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see how efficiently does Netflix Inc generate cash.
Annual Cash Flow Quality Index for Netflix Inc (2003–2025)
Year-by-year earnings quality comparison for Netflix Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.92x | $10.15 Billion | $10.98 Billion | ▲ +9.4% |
| 2024 | 0.85x | $7.36 Billion | $8.71 Billion | ▼ -37.2% |
| 2023 | 1.35x | $7.27 Billion | $5.41 Billion | ▲ +198.2% |
| 2022 | 0.45x | $2.03 Billion | $4.49 Billion | ▲ +487.8% |
| 2021 | 0.08x | $392.61 Million | $5.12 Billion | ▼ -91.3% |
| 2020 | 0.88x | $2.43 Billion | $2.76 Billion | ▲ +156.8% |
| 2019 | -1.55x | $-2.89 Billion | $1.87 Billion | ▲ +30.1% |
| 2018 | -2.21x | $-2.68 Billion | $1.21 Billion | ▲ +30.7% |
| 2017 | -3.20x | $-1.79 Billion | $558.93 Million | ▲ +59.5% |
| 2016 | -7.90x | $-1.47 Billion | $186.68 Million | ▼ -29.2% |
| 2015 | -6.11x | $-749.44 Million | $122.64 Million | ▼ -9991.2% |
| 2014 | 0.06x | $16.48 Million | $266.80 Million | ▼ -92.9% |
| 2013 | 0.87x | $97.83 Million | $112.40 Million | ▼ -34.4% |
| 2012 | 1.33x | $22.77 Million | $17.15 Million | ▼ -5.5% |
| 2011 | 1.41x | $317.71 Million | $226.13 Million | ▼ -18.2% |
| 2010 | 1.72x | $276.40 Million | $160.85 Million | ▼ -38.8% |
| 2009 | 2.81x | $325.06 Million | $115.86 Million | ▼ -18.0% |
| 2008 | 3.42x | $284.04 Million | $83.03 Million | ▼ -21.5% |
| 2007 | 4.36x | $291.82 Million | $66.95 Million | ▼ -13.7% |
| 2006 | 5.05x | $247.86 Million | $49.08 Million | ▲ +30.2% |
| 2005 | 3.88x | $162.98 Million | $42.03 Million | ▼ -43.3% |
| 2004 | 6.83x | $147.57 Million | $21.59 Million | ▼ -50.4% |
| 2003 | 13.79x | $89.79 Million | $6.51 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.