<p>在当今快速变化和竞争激烈的商业环境中，投资者和行业爱好者必须对公司进行深入分析。本文将对娱乐行业中的 <strong>Netflix (NASDAQ: NFLX)</strong> 进行全面的行业比较，评估其与主要竞争对手的表现。通过考察关键财务指标、市场地位和增长前景，我们旨在为投资者提供有价值的见解，并揭示公司在行业中的表现。</p>
<h3>Netflix 背景</h3>
<p>Netflix 的商业模式相对简单，仅涉及一个业务，即其流媒体服务。它在美国和全球市场上拥有最大的电视娱乐订阅用户群，全球订阅用户超过 3 亿。Netflix 几乎覆盖了除中国以外的全球所有人口。该公司传统上避免常规的直播节目或体育内容，而是专注于按需访问剧集、电影和纪录片。该公司在 2022 年推出了广告支持的订阅计划，使其除了历史上几乎占据全部收入的订阅费用外，还能接触到广告市场。</p>
<table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市净率 (P/B)</strong></th>
<th><strong>市销率 (P/S)</strong></th>
<th><strong>股本回报率 (ROE)</strong></th>
<th><strong>息税折旧摊销前利润 (EBITDA)（十亿美元）</strong></th>
<th><strong>毛利润（十亿美元）</strong></th>
<th><strong>收入增长</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
<p>通过仔细分析 Netflix，我们可以识别出以下趋势：</p>
<ul>
<li>Netflix 的市盈率为 34.04，低于行业平均水平 0.53 倍，显示出合理价格下的增长潜力，使其成为市场参与者的一个有趣选择。</li>
</ul>
<ul>
<li>Netflix 的市净率为 13.73，高于行业平均水平 1.12 倍，可能在账面价值方面被视为高估，因为其交易倍数高于行业同行。</li>
</ul>
<ul>
<li>股票的市销率相对较高，为 8.28，超过行业平均水平 1.9 倍，可能表明在销售表现方面存在高估的情况。</li>
</ul>
<ul>
<li>该公司的股本回报率 (ROE) 为 9.2%，高于行业平均水平 0.44%。这表明其有效利用股本来产生利润，展现出盈利能力和增长潜力。</li>
</ul>
<ul>
<li>与行业相比，该公司的息税折旧摊销前利润 (EBITDA) 为 73.7 亿美元，高于行业平均水平 6.82 倍，表明其盈利能力更强，现金流生成能力稳健。</li>
</ul>
<ul>
<li>其毛利润为 53.5 亿美元，超过行业水平 2.88 倍，突显出其核心业务的盈利能力更强，收益更高。</li>
</ul>
<ul>
<li>收入增长为 4.7%，超过行业平均水平 1.07%，表明公司正在展现出强劲的销售扩张和市场份额的增长。</li>
</ul>
<h3>债务与股本比率</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="债务与股本" original-src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png"/></p>
<p>债务与股本比率 (D/E) 是评估公司财务结构和风险特征的重要指标。</p>
<p>在行业比较中考虑债务与股本比率，可以简明地评估公司的财务健康状况和风险特征，帮助做出明智的决策。</p>
<p>在根据债务与股本比率比较 Netflix 与其前四大同行时，可以观察到以下见解：</p>
<ul>
<li>Netflix 在财务状况上相对较强，债务与股本比率为 0.54，显示出其财务状况优于前四大同行。</li>
</ul>
<ul>
<li>这意味着该公司对债务融资的依赖较少，债务与股本之间的平衡更为有利。</li>
</ul>
<h3>关键要点</h3>
<p>对于 Netflix 来说，其市盈率相较于同行较低，表明潜在的低估。市净率和市销率较高，暗示相对于行业标准的高估。在股本回报率、息税折旧摊销前利润、毛利润和收入增长方面，Netflix 相较于娱乐行业的竞争对手表现强劲。</p>
<p><em>本文由 Benzinga 的自动内容引擎生成，并由编辑审核。</em></p>

2 倍做多 Netflix ETF - Direxion

1 倍做空 NFLX ETF - Direxion

2 倍做多 NFLX ETF - T-Rex

NFLW

奈飞

<p>在对奈飞与其娱乐行业同行的竞争分析中，关键财务指标为投资者提供了洞察。奈飞在全球拥有超过 3 亿的订阅用户，市盈率为 34.04，显示出增长潜力。然而，其市净率和市销率则暗示了高估的可能性。奈飞的股本回报率为 9.2%，息税折旧摊销前利润为 73.7 亿美元，在盈利能力和收入增长（4.7%）方面优于竞争对手。其较低的债务股本比率为 0.54，表明其财务状况良好。总体而言，尽管存在一些估值方面的担忧，奈飞的表现依然强劲</p>

<p>In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating <strong>Netflix (NASDAQ: NFLX)</strong> against its key competitors in the Entertainment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.</p>
<div class="lb-trans"><p>在当今快速变化和竞争激烈的商业环境中，投资者和行业爱好者必须对公司进行深入分析。本文将对娱乐行业中的 <strong>Netflix (NASDAQ: NFLX)</strong> 进行全面的行业比较，评估其与主要竞争对手的表现。通过考察关键财务指标、市场地位和增长前景，我们旨在为投资者提供有价值的见解，并揭示公司在行业中的表现。</p>
</div><h3>Netflix Background</h3>
<div class="lb-trans"><h3>Netflix 背景</h3>
</div><p>Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.</p>
<div class="lb-trans"><p>Netflix 的商业模式相对简单，仅涉及一个业务，即其流媒体服务。它在美国和全球市场上拥有最大的电视娱乐订阅用户群，全球订阅用户超过 3 亿。Netflix 几乎覆盖了除中国以外的全球所有人口。该公司传统上避免常规的直播节目或体育内容，而是专注于按需访问剧集、电影和纪录片。该公司在 2022 年推出了广告支持的订阅计划，使其除了历史上几乎占据全部收入的订阅费用外，还能接触到广告市场。</p>
</div><table>
<thead>
<tr>
<th><strong>Company</strong></th>
<th><strong>P/E</strong></th>
<th><strong>P/B</strong></th>
<th><strong>P/S</strong></th>
<th><strong>ROE</strong></th>
<th><strong>EBITDA (in billions)</strong></th>
<th><strong>Gross Profit (in billions)</strong></th>
<th><strong>Revenue Growth</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>Average</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th><strong>公司</strong></th>
<th><strong>市盈率 (P/E)</strong></th>
<th><strong>市净率 (P/B)</strong></th>
<th><strong>市销率 (P/S)</strong></th>
<th><strong>股本回报率 (ROE)</strong></th>
<th><strong>息税折旧摊销前利润 (EBITDA)（十亿美元）</strong></th>
<th><strong>毛利润（十亿美元）</strong></th>
<th><strong>收入增长</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Netflix Inc</td>
<td>34.04</td>
<td>13.73</td>
<td>8.28</td>
<td>9.2%</td>
<td>$7.37</td>
<td>$5.35</td>
<td>4.7%</td>
</tr>
<tr>
<td>The Walt Disney Co</td>
<td>16.20</td>
<td>1.79</td>
<td>2.13</td>
<td>1.2%</td>
<td>$3.85</td>
<td>$8.45</td>
<td>-0.49%</td>
</tr>
<tr>
<td>Spotify Technology SA</td>
<td>65.27</td>
<td>11.56</td>
<td>5.44</td>
<td>12.48%</td>
<td>$0.86</td>
<td>$1.35</td>
<td>7.12%</td>
</tr>
<tr>
<td>Warner Bros. Discovery Inc</td>
<td>150.42</td>
<td>1.97</td>
<td>1.88</td>
<td>-0.41%</td>
<td>$4.28</td>
<td>$4.48</td>
<td>-6.01%</td>
</tr>
<tr>
<td>Live Nation Entertainment Inc</td>
<td>106.50</td>
<td>65.46</td>
<td>1.41</td>
<td>38.94%</td>
<td>$0.98</td>
<td>$2.06</td>
<td>11.08%</td>
</tr>
<tr>
<td>TKO Group Holdings Inc</td>
<td>78.21</td>
<td>4.23</td>
<td>20.60</td>
<td>1.01%</td>
<td>$0.31</td>
<td>$0.68</td>
<td>-27.31%</td>
</tr>
<tr>
<td>Warner Music Group Corp</td>
<td>43.94</td>
<td>24.48</td>
<td>2.35</td>
<td>17.64%</td>
<td>$0.34</td>
<td>$0.83</td>
<td>14.6%</td>
</tr>
<tr>
<td>Cinemark Holdings Inc</td>
<td>21.83</td>
<td>5.07</td>
<td>1.10</td>
<td>6.32%</td>
<td>$0.12</td>
<td>$0.55</td>
<td>-6.98%</td>
</tr>
<tr>
<td>Imax Corp</td>
<td>48.75</td>
<td>5.33</td>
<td>5.05</td>
<td>6.17%</td>
<td>$0.05</td>
<td>$0.07</td>
<td>16.62%</td>
</tr>
<tr>
<td>Marcus Corp</td>
<td>65</td>
<td>1.05</td>
<td>0.65</td>
<td>3.6%</td>
<td>$0.04</td>
<td>$0.09</td>
<td>-9.68%</td>
</tr>
<tr>
<td>Reservoir Media Inc</td>
<td>49.53</td>
<td>1.31</td>
<td>2.97</td>
<td>0.61%</td>
<td>$0.02</td>
<td>$0.03</td>
<td>11.72%</td>
</tr>
<tr>
<td><strong>平均</strong></td>
<td><strong>64.56</strong></td>
<td><strong>12.22</strong></td>
<td><strong>4.36</strong></td>
<td><strong>8.76%</strong></td>
<td><strong>$1.08</strong></td>
<td><strong>$1.86</strong></td>
<td><strong>1.07%</strong></td>
</tr>
</tbody>
</table>
</div><p>By closely examining Netflix, we can identify the following trends:</p>
<div class="lb-trans"><p>通过仔细分析 Netflix，我们可以识别出以下趋势：</p>
</div><ul>
<li>With a Price to Earnings ratio of 34.04, which is 0.53x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 的市盈率为 34.04，低于行业平均水平 0.53 倍，显示出合理价格下的增长潜力，使其成为市场参与者的一个有趣选择。</li>
</ul>
</div><ul>
<li>With a Price to Book ratio of 13.73, which is 1.12x the industry average, Netflix might be considered overvalued in terms of its book value, as it is trading at a higher multiple compared to its industry peers.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 的市净率为 13.73，高于行业平均水平 1.12 倍，可能在账面价值方面被视为高估，因为其交易倍数高于行业同行。</li>
</ul>
</div><ul>
<li>The stock's relatively high Price to Sales ratio of 8.28, surpassing the industry average by 1.9x, may indicate an aspect of overvaluation in terms of sales performance.</li>
</ul>
<div class="lb-trans"><ul>
<li>股票的市销率相对较高，为 8.28，超过行业平均水平 1.9 倍，可能表明在销售表现方面存在高估的情况。</li>
</ul>
</div><ul>
<li>The company has a higher Return on Equity (ROE) of 9.2%, which is 0.44% above the industry average. This suggests efficient use of equity to generate profits and demonstrates profitability and growth potential.</li>
</ul>
<div class="lb-trans"><ul>
<li>该公司的股本回报率 (ROE) 为 9.2%，高于行业平均水平 0.44%。这表明其有效利用股本来产生利润，展现出盈利能力和增长潜力。</li>
</ul>
</div><ul>
<li>Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $7.37 Billion, which is 6.82x above the industry average, indicating stronger profitability and robust cash flow generation.</li>
</ul>
<div class="lb-trans"><ul>
<li>与行业相比，该公司的息税折旧摊销前利润 (EBITDA) 为 73.7 亿美元，高于行业平均水平 6.82 倍，表明其盈利能力更强，现金流生成能力稳健。</li>
</ul>
</div><ul>
<li>The gross profit of $5.35 Billion is 2.88x above that of its industry, highlighting stronger profitability and higher earnings from its core operations.</li>
</ul>
<div class="lb-trans"><ul>
<li>其毛利润为 53.5 亿美元，超过行业水平 2.88 倍，突显出其核心业务的盈利能力更强，收益更高。</li>
</ul>
</div><ul>
<li>With a revenue growth of 4.7%, which surpasses the industry average of 1.07%, the company is demonstrating robust sales expansion and gaining market share.</li>
</ul>
<div class="lb-trans"><ul>
<li>收入增长为 4.7%，超过行业平均水平 1.07%，表明公司正在展现出强劲的销售扩张和市场份额的增长。</li>
</ul>
</div><h3>Debt To Equity Ratio</h3>
<div class="lb-trans"><h3>债务与股本比率</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.benzinga.com/files/images/story/2026/1769439656_0.png" alt="debt to equity" original-src="https://www.benzinga.com/files/images/story/2026/1769439656_0.png"/></p>
<p>The debt-to-equity (D/E) ratio is an important measure to assess the financial structure and risk profile of a company.</p>
<div class="lb-trans"><p>债务与股本比率 (D/E) 是评估公司财务结构和风险特征的重要指标。</p>
</div><p>Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.</p>
<div class="lb-trans"><p>在行业比较中考虑债务与股本比率，可以简明地评估公司的财务健康状况和风险特征，帮助做出明智的决策。</p>
</div><p>When comparing Netflix with its top 4 peers based on the Debt-to-Equity ratio, the following insights can be observed:</p>
<div class="lb-trans"><p>在根据债务与股本比率比较 Netflix 与其前四大同行时，可以观察到以下见解：</p>
</div><ul>
<li>Netflix is in a relatively stronger financial position compared to its top 4 peers, as evidenced by its lower debt-to-equity ratio of 0.54.</li>
</ul>
<div class="lb-trans"><ul>
<li>Netflix 在财务状况上相对较强，债务与股本比率为 0.54，显示出其财务状况优于前四大同行。</li>
</ul>
</div><ul>
<li>This implies that the company relies less on debt financing and has a more favorable balance between debt and equity.</li>
</ul>
<div class="lb-trans"><ul>
<li>这意味着该公司对债务融资的依赖较少，债务与股本之间的平衡更为有利。</li>
</ul>
</div><h3>Key Takeaways</h3>
<div class="lb-trans"><h3>关键要点</h3>
</div><p>For Netflix, the PE ratio is low compared to peers, indicating potential undervaluation. The PB and PS ratios are high, suggesting overvaluation relative to industry standards. In terms of ROE, EBITDA, gross profit, and revenue growth, Netflix demonstrates strong performance compared to its competitors in the Entertainment sector.</p>
<div class="lb-trans"><p>对于 Netflix 来说，其市盈率相较于同行较低，表明潜在的低估。市净率和市销率较高，暗示相对于行业标准的高估。在股本回报率、息税折旧摊销前利润、毛利润和收入增长方面，Netflix 相较于娱乐行业的竞争对手表现强劲。</p>
</div><p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>
<div class="lb-trans"><p><em>本文由 Benzinga 的自动内容引擎生成，并由编辑审核。</em></p>
</div>

Inquiry Into Netflix's Competitor Dynamics In Entertainment Industry

- Netflix 以 3 亿订阅用户引领市场，提供点播服务，进入广告市场。  
- 它的市盈率（PE）为 34.04，低于行业平均值，显示出增长潜力。  
- 在收益、毛利和收入增长方面，Netflix 表现优于行业竞品。

调查奈飞在娱乐行业中的竞争对手动态