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Side-by-side financial comparison of Allstate (ALL) and Netflix (NFLX). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($16.9B vs $12.2B, roughly 1.4× Netflix). Netflix runs the higher net margin — 43.1% vs 14.5%, a 28.6% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 3.0%). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 3.8%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
ALL vs NFLX — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $16.9B | $12.2B |
| Net Profit | $2.5B | $5.3B |
| Gross Margin | — | 51.9% |
| Operating Margin | 18.3% | 32.3% |
| Net Margin | 14.5% | 43.1% |
| Revenue YoY | 3.0% | 16.2% |
| Net Profit YoY | 312.4% | 82.8% |
| EPS (diluted) | $9.25 | $1.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $16.9B | $12.2B | ||
| Q4 25 | $17.3B | $12.1B | ||
| Q3 25 | $17.3B | $11.5B | ||
| Q2 25 | $16.6B | $11.1B | ||
| Q1 25 | $16.5B | $10.5B | ||
| Q4 24 | $16.5B | $10.2B | ||
| Q3 24 | $16.6B | $9.8B | ||
| Q2 24 | $15.7B | $9.6B |
| Q1 26 | $2.5B | $5.3B | ||
| Q4 25 | $3.8B | $2.4B | ||
| Q3 25 | $3.7B | $2.5B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $595.0M | $2.9B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $331.0M | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 45.9% |
| Q1 26 | 18.3% | 32.3% | ||
| Q4 25 | — | 24.5% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 31.7% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 27.2% |
| Q1 26 | 14.5% | 43.1% | ||
| Q4 25 | 22.1% | 20.1% | ||
| Q3 25 | 21.7% | 22.1% | ||
| Q2 25 | 12.7% | 28.2% | ||
| Q1 25 | 3.6% | 27.4% | ||
| Q4 24 | 11.7% | 18.2% | ||
| Q3 24 | 7.2% | 24.1% | ||
| Q2 24 | 2.1% | 22.5% |
| Q1 26 | $9.25 | $1.23 | ||
| Q4 25 | $14.24 | $-17.14 | ||
| Q3 25 | $13.95 | $5.87 | ||
| Q2 25 | $7.76 | $7.19 | ||
| Q1 25 | $2.11 | $0.66 | ||
| Q4 24 | $7.07 | $4.27 | ||
| Q3 24 | $4.33 | $5.40 | ||
| Q2 24 | $1.13 | $4.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $12.3B |
| Total DebtLower is stronger | — | $13.4B |
| Stockholders' EquityBook value | $31.6B | $31.1B |
| Total Assets | $124.0B | $61.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $4.9B | $9.1B | ||
| Q3 25 | $8.7B | $9.3B | ||
| Q2 25 | $9.6B | $8.4B | ||
| Q1 25 | $6.5B | $8.4B | ||
| Q4 24 | $4.5B | $9.6B | ||
| Q3 24 | $7.0B | $9.2B | ||
| Q2 24 | $5.3B | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $7.5B | $13.5B | ||
| Q3 25 | $8.1B | $14.5B | ||
| Q2 25 | $8.1B | $14.5B | ||
| Q1 25 | $8.1B | $14.0B | ||
| Q4 24 | $8.1B | $13.8B | ||
| Q3 24 | $8.1B | $14.2B | ||
| Q2 24 | $8.1B | $12.2B |
| Q1 26 | $31.6B | $31.1B | ||
| Q4 25 | $30.6B | $26.6B | ||
| Q3 25 | $27.5B | $26.0B | ||
| Q2 25 | $24.0B | $25.0B | ||
| Q1 25 | $22.1B | $24.0B | ||
| Q4 24 | $21.4B | $24.7B | ||
| Q3 24 | $20.9B | $22.7B | ||
| Q2 24 | $18.6B | $22.1B |
| Q1 26 | $124.0B | $61.0B | ||
| Q4 25 | $119.8B | $55.6B | ||
| Q3 25 | $120.4B | $54.9B | ||
| Q2 25 | $115.9B | $53.1B | ||
| Q1 25 | $115.2B | $52.1B | ||
| Q4 24 | $111.6B | $53.6B | ||
| Q3 24 | $113.7B | $52.3B | ||
| Q2 24 | $108.4B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.24× | 0.51× | ||
| Q3 25 | 0.29× | 0.56× | ||
| Q2 25 | 0.34× | 0.58× | ||
| Q1 25 | 0.37× | 0.58× | ||
| Q4 24 | 0.38× | 0.56× | ||
| Q3 24 | 0.39× | 0.62× | ||
| Q2 24 | 0.43× | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $5.3B |
| Free Cash FlowOCF − Capex | — | $5.1B |
| FCF MarginFCF / Revenue | — | 41.6% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $3.0B | $2.1B | ||
| Q3 25 | $3.3B | $2.8B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $2.0B | $2.8B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $3.2B | $2.3B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $2.9B | $1.9B | ||
| Q3 25 | $3.2B | $2.7B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $2.3B | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 16.7% | 15.5% | ||
| Q3 25 | 18.8% | 23.1% | ||
| Q2 25 | 11.3% | 20.5% | ||
| Q1 25 | 11.4% | 25.2% | ||
| Q4 24 | 10.0% | 13.5% | ||
| Q3 24 | 18.9% | 22.3% | ||
| Q2 24 | 14.7% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.0% | 1.4% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.4% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 0.78× | 0.87× | ||
| Q3 25 | 0.88× | 1.11× | ||
| Q2 25 | 0.89× | 0.78× | ||
| Q1 25 | 3.30× | 0.97× | ||
| Q4 24 | 0.88× | 0.82× | ||
| Q3 24 | 2.69× | 0.98× | ||
| Q2 24 | 7.13× | 0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
| Property and casualty insurance premiums | $15.6B | 92% |
| Other revenue | $719.0M | 4% |
| Other | $533.0M | 3% |
| Accident and health insurance premiums and contract charges | $136.0M | 1% |
NFLX
Segment breakdown not available.
