Netflix Inc (NFLX) — Free Cash Flow Generation Index
Netflix Inc (NFLX) has a Free Cash Flow Generation Index of 0.89x as of December 2025. Free cash flow of $1.87 Billion represents 1% of operating cash flow ($2.11 Billion). Explore Netflix Inc (NFLX) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Netflix Inc Free Cash Flow Generation Index (2001–2025)
Historical FCF Generation Index trend for Netflix Inc across 20 annual periods. For the full cash flow conversion analysis, see Netflix Inc (NFLX) cash conversion ratio.
Annual Free Cash Flow Generation for Netflix Inc (2001–2025)
Year-by-year Free Cash Flow Generation Index for Netflix Inc. Check how aggressively does Netflix Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.93x | $9.46 Billion | $10.15 Billion | $688.22 Million | ▼ -0.9% |
| 2024 | 0.94x | $6.92 Billion | $7.36 Billion | $439.54 Million | ▼ -1.2% |
| 2023 | 0.95x | $6.93 Billion | $7.27 Billion | $348.55 Million | ▲ +19.2% |
| 2022 | 0.80x | $1.62 Billion | $2.03 Billion | $407.73 Million | ▲ +337.6% |
| 2021 | -0.34x | $-131.97 Million | $392.61 Million | $524.59 Million | ▼ -142.3% |
| 2020 | 0.79x | $1.93 Billion | $2.43 Billion | $497.92 Million | ▲ +110.2% |
| 2014 | -7.77x | $-128.03 Million | $16.48 Million | $144.52 Million | ▼ -3317.0% |
| 2013 | -0.23x | $-22.24 Million | $97.83 Million | $120.07 Million | ▲ +92.3% |
| 2012 | -2.94x | $-66.97 Million | $22.77 Million | $89.73 Million | ▼ -611.1% |
| 2011 | 0.58x | $182.88 Million | $317.71 Million | $134.84 Million | ▼ -34.3% |
| 2010 | 0.88x | $242.06 Million | $276.40 Million | $34.34 Million | ▲ +231.5% |
| 2009 | 0.26x | $85.89 Million | $325.06 Million | $239.18 Million | ▼ -1.7% |
| 2008 | 0.27x | $76.34 Million | $284.04 Million | $207.70 Million | ▼ -68.2% |
| 2007 | 0.85x | $247.02 Million | $291.82 Million | $44.81 Million | ▲ +316.1% |
| 2006 | 0.20x | $50.42 Million | $247.86 Million | $197.45 Million | ▼ -75.0% |
| 2005 | 0.81x | $132.36 Million | $162.98 Million | $30.62 Million | ▼ -9.6% |
| 2004 | 0.90x | $132.61 Million | $147.57 Million | $14.96 Million | ▲ +218.9% |
| 2003 | 0.28x | $25.30 Million | $89.79 Million | $64.49 Million | ▼ -15.0% |
| 2002 | 0.33x | $13.29 Million | $40.11 Million | $26.82 Million | ▲ +122.2% |
| 2001 | -1.49x | $-7.24 Million | $4.85 Million | $12.08 Million | — |