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Side-by-side financial comparison of Netflix (NFLX) and PETROBRAS - PETROLEO BRASILEIRO SA (PBR). Click either name above to swap in a different company.

PETROBRAS - PETROLEO BRASILEIRO SA is the larger business by last-quarter revenue ($21.0B vs $12.2B, roughly 1.7× Netflix). Netflix runs the higher net margin — 43.1% vs 22.6%, a 20.5% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs -10.4%).

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.

Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras, is a Brazilian majority state-owned multinational corporation in the petroleum industry, which is headquartered in Rio de Janeiro. The company's name translates to Brazilian Petroleum Corporation.

NFLX vs PBR — Head-to-Head

Bigger by revenue
PBR
PBR
1.7× larger
PBR
$21.0B
$12.2B
NFLX
Growing faster (revenue YoY)
NFLX
NFLX
+26.5% gap
NFLX
16.2%
-10.4%
PBR
Higher net margin
NFLX
NFLX
20.5% more per $
NFLX
43.1%
22.6%
PBR

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
NFLX
NFLX
PBR
PBR
Revenue
$12.2B
$21.0B
Net Profit
$5.3B
$4.8B
Gross Margin
51.9%
47.6%
Operating Margin
32.3%
25.4%
Net Margin
43.1%
22.6%
Revenue YoY
16.2%
-10.4%
Net Profit YoY
82.8%
1563.7%
EPS (diluted)
$1.23
$0.37

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.

Revenue
NFLX
NFLX
PBR
PBR
Q1 26
$12.2B
Q4 25
$12.1B
Q3 25
$11.5B
Q2 25
$11.1B
$21.0B
Q1 25
$10.5B
Q4 24
$10.2B
Q3 24
$9.8B
Q2 24
$9.6B
$23.5B
Net Profit
NFLX
NFLX
PBR
PBR
Q1 26
$5.3B
Q4 25
$2.4B
Q3 25
$2.5B
Q2 25
$3.1B
$4.8B
Q1 25
$2.9B
Q4 24
$1.9B
Q3 24
$2.4B
Q2 24
$2.1B
$-325.0M
Gross Margin
NFLX
NFLX
PBR
PBR
Q1 26
51.9%
Q4 25
45.9%
Q3 25
46.4%
Q2 25
51.9%
47.6%
Q1 25
50.1%
Q4 24
43.7%
Q3 24
47.9%
Q2 24
45.9%
50.0%
Operating Margin
NFLX
NFLX
PBR
PBR
Q1 26
32.3%
Q4 25
24.5%
Q3 25
28.2%
Q2 25
34.1%
25.4%
Q1 25
31.7%
Q4 24
22.2%
Q3 24
29.6%
Q2 24
27.2%
28.6%
Net Margin
NFLX
NFLX
PBR
PBR
Q1 26
43.1%
Q4 25
20.1%
Q3 25
22.1%
Q2 25
28.2%
22.6%
Q1 25
27.4%
Q4 24
18.2%
Q3 24
24.1%
Q2 24
22.5%
-1.4%
EPS (diluted)
NFLX
NFLX
PBR
PBR
Q1 26
$1.23
Q4 25
$-17.14
Q3 25
$5.87
Q2 25
$7.19
$0.37
Q1 25
$0.66
Q4 24
$4.27
Q3 24
$5.40
Q2 24
$4.88
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NFLX
NFLX
PBR
PBR
Cash + ST InvestmentsLiquidity on hand
$12.3B
$7.0B
Total DebtLower is stronger
$13.4B
Stockholders' EquityBook value
$31.1B
$73.6B
Total Assets
$61.0B
$215.3B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NFLX
NFLX
PBR
PBR
Q1 26
$12.3B
Q4 25
$9.1B
Q3 25
$9.3B
Q2 25
$8.4B
$7.0B
Q1 25
$8.4B
Q4 24
$9.6B
Q3 24
$9.2B
Q2 24
$6.7B
$7.9B
Total Debt
NFLX
NFLX
PBR
PBR
Q1 26
$13.4B
Q4 25
$13.5B
Q3 25
$14.5B
Q2 25
$14.5B
Q1 25
$14.0B
Q4 24
$13.8B
Q3 24
$14.2B
Q2 24
$12.2B
Stockholders' Equity
NFLX
NFLX
PBR
PBR
Q1 26
$31.1B
Q4 25
$26.6B
Q3 25
$26.0B
Q2 25
$25.0B
$73.6B
Q1 25
$24.0B
Q4 24
$24.7B
Q3 24
$22.7B
Q2 24
$22.1B
$67.6B
Total Assets
NFLX
NFLX
PBR
PBR
Q1 26
$61.0B
Q4 25
$55.6B
Q3 25
$54.9B
Q2 25
$53.1B
$215.3B
Q1 25
$52.1B
Q4 24
$53.6B
Q3 24
$52.3B
Q2 24
$49.1B
$190.4B
Debt / Equity
NFLX
NFLX
PBR
PBR
Q1 26
0.43×
Q4 25
0.51×
Q3 25
0.56×
Q2 25
0.58×
Q1 25
0.58×
Q4 24
0.56×
Q3 24
0.62×
Q2 24
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
NFLX
NFLX
PBR
PBR
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.

Operating Cash Flow
NFLX
NFLX
PBR
PBR
Q1 26
$5.3B
Q4 25
$2.1B
Q3 25
$2.8B
Q2 25
$2.4B
Q1 25
$2.8B
Q4 24
$1.5B
Q3 24
$2.3B
Q2 24
$1.3B
Free Cash Flow
NFLX
NFLX
PBR
PBR
Q1 26
$5.1B
Q4 25
$1.9B
Q3 25
$2.7B
Q2 25
$2.3B
Q1 25
$2.7B
Q4 24
$1.4B
Q3 24
$2.2B
Q2 24
$1.2B
FCF Margin
NFLX
NFLX
PBR
PBR
Q1 26
41.6%
Q4 25
15.5%
Q3 25
23.1%
Q2 25
20.5%
Q1 25
25.2%
Q4 24
13.5%
Q3 24
22.3%
Q2 24
12.7%
Capex Intensity
NFLX
NFLX
PBR
PBR
Q1 26
1.6%
Q4 25
2.0%
Q3 25
1.4%
Q2 25
1.4%
Q1 25
1.2%
Q4 24
1.5%
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
NFLX
NFLX
PBR
PBR
Q1 26
1.00×
Q4 25
0.87×
Q3 25
1.11×
Q2 25
0.78×
Q1 25
0.97×
Q4 24
0.82×
Q3 24
0.98×
Q2 24
0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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