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网飞（NFLX）与Block, Inc.（XYZ）财务数据对比。点击上方公司名可切换其他公司
网飞的季度营收约是Block, Inc.的2.0倍（$12.2B vs $6.3B），网飞净利率更高（43.1% vs 1.9%，领先41.3%），网飞同比增速更快（16.2% vs 3.6%），网飞自由现金流更多（$5.1B vs $579.8M），过去两年网飞的营收复合增速更高（13.2% vs 2.4%）
网飞是来自美国的会员制点播流媒体服务平台，主要提供不同品类的原创及引进电影、电视剧内容，业务覆盖全球众多国家和地区，支持多语言服务，致力于为全球用户提供多元优质的视听娱乐体验。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
NFLX vs XYZ — 直观对比
营收规模更大
NFLX
是对方的2.0倍
$6.3B
营收增速更快
NFLX
高出12.5%
3.6%
净利率更高
NFLX
高出41.3%
1.9%
自由现金流更多
NFLX
多$4.5B
$579.8M
两年增速更快
NFLX
近两年复合增速
2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.2B | $6.3B |
| 净利润 | $5.3B | $115.8M |
| 毛利率 | 51.9% | 45.9% |
| 营业利润率 | 32.3% | 7.8% |
| 净利率 | 43.1% | 1.9% |
| 营收同比 | 16.2% | 3.6% |
| 净利润同比 | 82.8% | -94.1% |
| 每股收益（稀释后） | $1.23 | $0.19 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NFLXXYZ
| Q1 26 | $12.2B | — | ||
| Q4 25 | $12.1B | $6.3B | ||
| Q3 25 | $11.5B | $6.1B | ||
| Q2 25 | $11.1B | $6.1B | ||
| Q1 25 | $10.5B | $5.8B | ||
| Q4 24 | $10.2B | $6.0B | ||
| Q3 24 | $9.8B | $6.0B | ||
| Q2 24 | $9.6B | $6.2B |
净利润NFLXXYZ
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.4B | $115.8M | ||
| Q3 25 | $2.5B | $461.5M | ||
| Q2 25 | $3.1B | $538.5M | ||
| Q1 25 | $2.9B | $189.9M | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $2.4B | $283.8M | ||
| Q2 24 | $2.1B | $195.3M |
毛利率NFLXXYZ
| Q1 26 | 51.9% | — | ||
| Q4 25 | 45.9% | 45.9% | ||
| Q3 25 | 46.4% | 43.5% | ||
| Q2 25 | 51.9% | 41.9% | ||
| Q1 25 | 50.1% | 39.7% | ||
| Q4 24 | 43.7% | 38.3% | ||
| Q3 24 | 47.9% | 37.6% | ||
| Q2 24 | 45.9% | 36.3% |
营业利润率NFLXXYZ
| Q1 26 | 32.3% | — | ||
| Q4 25 | 24.5% | 7.8% | ||
| Q3 25 | 28.2% | 6.7% | ||
| Q2 25 | 34.1% | 8.0% | ||
| Q1 25 | 31.7% | 5.7% | ||
| Q4 24 | 22.2% | 0.2% | ||
| Q3 24 | 29.6% | 5.4% | ||
| Q2 24 | 27.2% | 5.0% |
净利率NFLXXYZ
| Q1 26 | 43.1% | — | ||
| Q4 25 | 20.1% | 1.9% | ||
| Q3 25 | 22.1% | 7.5% | ||
| Q2 25 | 28.2% | 8.9% | ||
| Q1 25 | 27.4% | 3.3% | ||
| Q4 24 | 18.2% | 32.3% | ||
| Q3 24 | 24.1% | 4.7% | ||
| Q2 24 | 22.5% | 3.2% |
每股收益（稀释后）NFLXXYZ
| Q1 26 | $1.23 | — | ||
| Q4 25 | $-17.14 | $0.19 | ||
| Q3 25 | $5.87 | $0.74 | ||
| Q2 25 | $7.19 | $0.87 | ||
| Q1 25 | $0.66 | $0.30 | ||
| Q4 24 | $4.27 | $3.06 | ||
| Q3 24 | $5.40 | $0.45 | ||
| Q2 24 | $4.88 | $0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $12.3B | $6.6B |
| 总债务越低越好 | $13.4B | — |
| 股东权益账面价值 | $31.1B | $22.2B |
| 总资产 | $61.0B | $39.5B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资NFLXXYZ
| Q1 26 | $12.3B | — | ||
| Q4 25 | $9.1B | $6.6B | ||
| Q3 25 | $9.3B | $8.3B | ||
| Q2 25 | $8.4B | $6.4B | ||
| Q1 25 | $8.4B | $7.1B | ||
| Q4 24 | $9.6B | $8.1B | ||
| Q3 24 | $9.2B | $8.3B | ||
| Q2 24 | $6.7B | $7.8B |
总债务NFLXXYZ
| Q1 26 | $13.4B | — | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.5B | $7.3B | ||
| Q2 25 | $14.5B | $5.1B | ||
| Q1 25 | $14.0B | $5.1B | ||
| Q4 24 | $13.8B | $6.1B | ||
| Q3 24 | $14.2B | $6.1B | ||
| Q2 24 | $12.2B | $6.1B |
股东权益NFLXXYZ
| Q1 26 | $31.1B | — | ||
| Q4 25 | $26.6B | $22.2B | ||
| Q3 25 | $26.0B | $22.5B | ||
| Q2 25 | $25.0B | $22.2B | ||
| Q1 25 | $24.0B | $21.5B | ||
| Q4 24 | $24.7B | $21.3B | ||
| Q3 24 | $22.7B | $19.9B | ||
| Q2 24 | $22.1B | $19.3B |
总资产NFLXXYZ
| Q1 26 | $61.0B | — | ||
| Q4 25 | $55.6B | $39.5B | ||
| Q3 25 | $54.9B | $39.2B | ||
| Q2 25 | $53.1B | $36.9B | ||
| Q1 25 | $52.1B | $36.4B | ||
| Q4 24 | $53.6B | $36.8B | ||
| Q3 24 | $52.3B | $36.4B | ||
| Q2 24 | $49.1B | $37.5B |
负债/权益比NFLXXYZ
| Q1 26 | 0.43× | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.56× | 0.32× | ||
| Q2 25 | 0.58× | 0.23× | ||
| Q1 25 | 0.58× | 0.24× | ||
| Q4 24 | 0.56× | 0.29× | ||
| Q3 24 | 0.62× | 0.31× | ||
| Q2 24 | 0.55× | 0.32× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $5.3B | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $5.1B | $579.8M |
| 自由现金流率自由现金流/营收 | 41.6% | 9.3% |
| 资本支出强度资本支出/营收 | 1.6% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.00× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $11.9B | $2.4B |
8季度趋势，按日历期对齐
经营现金流NFLXXYZ
| Q1 26 | $5.3B | — | ||
| Q4 25 | $2.1B | $621.0M | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $2.4B | $374.3M | ||
| Q1 25 | $2.8B | $133.3M | ||
| Q4 24 | $1.5B | $13.8M | ||
| Q3 24 | $2.3B | $684.8M | ||
| Q2 24 | $1.3B | $519.4M |
自由现金流NFLXXYZ
| Q1 26 | $5.1B | — | ||
| Q4 25 | $1.9B | $579.8M | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.3B | $343.0M | ||
| Q1 25 | $2.7B | $101.5M | ||
| Q4 24 | $1.4B | $-13.2M | ||
| Q3 24 | $2.2B | $628.2M | ||
| Q2 24 | $1.2B | $481.0M |
自由现金流率NFLXXYZ
| Q1 26 | 41.6% | — | ||
| Q4 25 | 15.5% | 9.3% | ||
| Q3 25 | 23.1% | 22.9% | ||
| Q2 25 | 20.5% | 5.7% | ||
| Q1 25 | 25.2% | 1.8% | ||
| Q4 24 | 13.5% | -0.2% | ||
| Q3 24 | 22.3% | 10.5% | ||
| Q2 24 | 12.7% | 7.8% |
资本支出强度NFLXXYZ
| Q1 26 | 1.6% | — | ||
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.4% | 0.8% | ||
| Q2 25 | 1.4% | 0.5% | ||
| Q1 25 | 1.2% | 0.6% | ||
| Q4 24 | 1.5% | 0.4% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | 0.8% | 0.6% |
现金转化率NFLXXYZ
| Q1 26 | 1.00× | — | ||
| Q4 25 | 0.87× | 5.36× | ||
| Q3 25 | 1.11× | 3.14× | ||
| Q2 25 | 0.78× | 0.70× | ||
| Q1 25 | 0.97× | 0.70× | ||
| Q4 24 | 0.82× | 0.01× | ||
| Q3 24 | 0.98× | 2.41× | ||
| Q2 24 | 0.60× | 2.66× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NFLX
暂无分部数据
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
