Netflix Inc (NFLX) — Cash Flow Reinvestment Rate

Latest as of December 2025: 0.11x

Netflix Inc (NFLX) has a Cash Flow Reinvestment Rate of 0.11x as of December 2025, reinvesting $239.34 Million (capex $239.34 Million ) from operating cash flow of $2.11 Billion. Check NFLX cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.11x
(Capex + Investments) / Operating CF

Total Reinvested

$239.34 Million
Capex + Investments

Operating Cash Flow

$2.11 Billion
USD

Capital Expenditures

$239.34 Million
USD

Netflix Inc Cash Flow Reinvestment Rate (2001–2025)

Historical reinvestment intensity for Netflix Inc across 20 annual periods. Explore NFLX long-term investments to assets to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Netflix Inc (2001–2025)

Year-by-year capital reinvestment analysis for Netflix Inc. For live market cap and broader valuation context, see market value of Netflix Inc.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.24x $2.44 Billion $10.15 Billion $688.22 Million ▼ -32.6%
2024 0.36x $2.62 Billion $7.36 Billion $439.54 Million ▲ +190.9%
2023 0.12x $890.30 Million $7.27 Billion $348.55 Million ▼ -90.0%
2022 1.23x $2.48 Billion $2.03 Billion $407.73 Million ▼ -74.2%
2021 4.75x $1.86 Billion $392.61 Million $524.59 Million ▲ +1048.8%
2020 0.41x $1.00 Billion $2.43 Billion $497.92 Million ▼ -99.0%
2014 40.76x $671.77 Million $16.48 Million $144.52 Million ▲ +1422.3%
2013 2.68x $261.91 Million $97.83 Million $120.07 Million ▼ -76.1%
2012 11.19x $254.74 Million $22.77 Million $89.73 Million ▲ +1219.2%
2011 0.85x $269.49 Million $317.71 Million $134.84 Million ▲ +268.3%
2010 0.23x $63.66 Million $276.40 Million $34.34 Million ▼ -70.9%
2009 0.79x $257.31 Million $325.06 Million $239.18 Million ▲ +8.3%
2008 0.73x $207.70 Million $284.04 Million $207.70 Million ▲ +376.3%
2007 0.15x $44.81 Million $291.82 Million $44.81 Million ▼ -80.7%
2006 0.80x $197.45 Million $247.86 Million $197.45 Million ▲ +324.0%
2005 0.19x $30.62 Million $162.98 Million $30.62 Million ▲ +85.3%
2004 0.10x $14.96 Million $147.57 Million $14.96 Million ▼ -85.9%
2003 0.72x $64.49 Million $89.79 Million $64.49 Million ▲ +7.4%
2002 0.67x $26.82 Million $40.11 Million $26.82 Million ▼ -73.2%
2001 2.49x $12.08 Million $4.85 Million $12.08 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow