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Side-by-side financial comparison of Netflix (NFLX) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $6.2B, roughly 2.0× Union Pacific Corporation). Netflix runs the higher net margin — 43.1% vs 27.4%, a 15.8% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs 3.2%). Netflix produced more free cash flow last quarter ($5.1B vs $631.0M). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 1.7%).
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.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
NFLX vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.2B | $6.2B |
| Net Profit | $5.3B | $1.7B |
| Gross Margin | 51.9% | — |
| Operating Margin | 32.3% | 39.5% |
| Net Margin | 43.1% | 27.4% |
| Revenue YoY | 16.2% | 3.2% |
| Net Profit YoY | 82.8% | 4.6% |
| EPS (diluted) | $1.23 | $2.87 |
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 | $12.2B | $6.2B | ||
| Q4 25 | $12.1B | $6.1B | ||
| Q3 25 | $11.5B | $6.2B | ||
| Q2 25 | $11.1B | $6.2B | ||
| Q1 25 | $10.5B | $6.0B | ||
| Q4 24 | $10.2B | $6.1B | ||
| Q3 24 | $9.8B | $6.1B | ||
| Q2 24 | $9.6B | $6.0B |
| Q1 26 | $5.3B | $1.7B | ||
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $2.9B | $1.6B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B |
| 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 | 32.3% | 39.5% | ||
| Q4 25 | 24.5% | 39.5% | ||
| Q3 25 | 28.2% | 40.8% | ||
| Q2 25 | 34.1% | 41.0% | ||
| Q1 25 | 31.7% | 39.3% | ||
| Q4 24 | 22.2% | 41.3% | ||
| Q3 24 | 29.6% | 39.7% | ||
| Q2 24 | 27.2% | 40.0% |
| Q1 26 | 43.1% | 27.4% | ||
| Q4 25 | 20.1% | 30.4% | ||
| Q3 25 | 22.1% | 28.6% | ||
| Q2 25 | 28.2% | 30.5% | ||
| Q1 25 | 27.4% | 27.0% | ||
| Q4 24 | 18.2% | 28.8% | ||
| Q3 24 | 24.1% | 27.4% | ||
| Q2 24 | 22.5% | 27.9% |
| Q1 26 | $1.23 | $2.87 | ||
| Q4 25 | $-17.14 | $3.12 | ||
| Q3 25 | $5.87 | $3.01 | ||
| Q2 25 | $7.19 | $3.15 | ||
| Q1 25 | $0.66 | $2.70 | ||
| Q4 24 | $4.27 | $2.91 | ||
| Q3 24 | $5.40 | $2.75 | ||
| Q2 24 | $4.88 | $2.74 |
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 | $735.0M |
| Total DebtLower is stronger | $13.4B | — |
| Stockholders' EquityBook value | $31.1B | — |
| Total Assets | $61.0B | $69.6B |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $12.3B | $735.0M | ||
| Q4 25 | $9.1B | $1.3B | ||
| Q3 25 | $9.3B | $808.0M | ||
| Q2 25 | $8.4B | $1.1B | ||
| Q1 25 | $8.4B | $1.4B | ||
| Q4 24 | $9.6B | $1.0B | ||
| Q3 24 | $9.2B | $947.0M | ||
| Q2 24 | $6.7B | $1.1B |
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | $30.3B | ||
| Q3 25 | $14.5B | $30.3B | ||
| Q2 25 | $14.5B | $30.3B | ||
| Q1 25 | $14.0B | $30.6B | ||
| Q4 24 | $13.8B | $29.8B | ||
| Q3 24 | $14.2B | $29.8B | ||
| Q2 24 | $12.2B | $31.2B |
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $18.5B | ||
| Q3 25 | $26.0B | $17.3B | ||
| Q2 25 | $25.0B | $16.3B | ||
| Q1 25 | $24.0B | $16.0B | ||
| Q4 24 | $24.7B | $16.9B | ||
| Q3 24 | $22.7B | $16.6B | ||
| Q2 24 | $22.1B | $16.5B |
| Q1 26 | $61.0B | $69.6B | ||
| Q4 25 | $55.6B | $69.7B | ||
| Q3 25 | $54.9B | $68.6B | ||
| Q2 25 | $53.1B | $68.6B | ||
| Q1 25 | $52.1B | $68.5B | ||
| Q4 24 | $53.6B | $67.7B | ||
| Q3 24 | $52.3B | $67.6B | ||
| Q2 24 | $49.1B | $67.8B |
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | 1.64× | ||
| Q3 25 | 0.56× | 1.75× | ||
| Q2 25 | 0.58× | 1.86× | ||
| Q1 25 | 0.58× | 1.91× | ||
| Q4 24 | 0.56× | 1.76× | ||
| Q3 24 | 0.62× | 1.79× | ||
| Q2 24 | 0.55× | 1.89× |
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 | $631.0M |
| FCF MarginFCF / Revenue | 41.6% | 10.1% |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 1.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9B | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.8B | $2.5B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.8B | $2.2B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $2.3B | $2.7B | ||
| Q2 24 | $1.3B | $1.9B |
| Q1 26 | $5.1B | $631.0M | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.7B | $1.3B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $2.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.0B |
| Q1 26 | 41.6% | 10.1% | ||
| Q4 25 | 15.5% | 20.1% | ||
| Q3 25 | 23.1% | 25.2% | ||
| Q2 25 | 20.5% | 22.7% | ||
| Q1 25 | 25.2% | 21.6% | ||
| Q4 24 | 13.5% | 28.4% | ||
| Q3 24 | 22.3% | 29.9% | ||
| Q2 24 | 12.7% | 16.8% |
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | 16.4% | ||
| Q3 25 | 1.4% | 15.2% | ||
| Q2 25 | 1.4% | 15.2% | ||
| Q1 25 | 1.2% | 15.0% | ||
| Q4 24 | 1.5% | 15.1% | ||
| Q3 24 | 1.3% | 13.6% | ||
| Q2 24 | 0.8% | 15.0% |
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 1.20× | ||
| Q3 25 | 1.11× | 1.41× | ||
| Q2 25 | 0.78× | 1.24× | ||
| Q1 25 | 0.97× | 1.36× | ||
| Q4 24 | 0.82× | 1.51× | ||
| Q3 24 | 0.98× | 1.59× | ||
| Q2 24 | 0.60× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFLX
Segment breakdown not available.
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
