FWONA vs NFLX: Liberty Media Corporation Series A Liberty Formula One and Netflix compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Netflix is the larger company, worth $302.0B, about 14.2 times Liberty Media Corporation Series A Liberty Formula One.
- Netflix grew revenue faster over the last year (+13.4% vs -30.4%).
- Netflix keeps more of each dollar of revenue as operating profit (29.7% vs 11.9%).
- On earnings, Netflix is the cheaper stock (23.1x vs 37.0x).
- Netflix's price assumes faster free cash flow growth: about 11% a year, against 9% for Liberty Media Corporation Series A Liberty Formula One (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | FWONA | NFLX |
|---|---|---|
| Market cap | $21.2B | $302.0B |
| Share price | $86.67 | $70.30 |
| Revenue (last fiscal year) | $4.5B | $45.2B |
| Free cash flow (last fiscal year) | $789M | $9.5B |
| Revenue growth, last year | -30.4% | +13.4% |
| Revenue growth per year, last 5 fiscal years | -20.8% | +11.1% |
| Operating margin | 11.9% | 29.7% |
| Net margin | 9.4% | 28.2% |
| Return on equity | 5.4% | 45.3% |
| P/E (trailing) | 37.0x | 23.1x |
| Price / free cash flow | 28.3x | 31.9x |
| EV / EBITDA | 19.6x | 17.2x |
| FCF growth the price implies | 8.9% | 11.1% |
| Dividend yield | — | — |
| Debt / equity | 0.98x | 0.94x |
| Fundamental grade | D | C |
| Superinvestors holding it | 7 | 13 |
| Insider purchases, last 12 months | 0 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Liberty Media Corporation Series A Liberty Formula One
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $11.4B | $2.0B | 17.3% |
| 2022 | $3.2B | $2.2B | 4.6% |
| 2023 | $3.6B | $2.0B | 7.4% |
| 2024 | $3.7B | $492M | 7.9% |
| 2025 | $4.5B | $789M | 12.9% |
Netflix
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $29.7B | -$132M | 20.9% |
| 2022 | $31.6B | $1.6B | 17.8% |
| 2023 | $33.7B | $6.9B | 20.6% |
| 2024 | $39.0B | $6.9B | 26.7% |
| 2025 | $45.2B | $9.5B | 29.5% |
Where the revenue comes from
Liberty Media Corporation Series A Liberty Formula One · by products, 2025
Motorsport$4.1B92%
Other$377M8%
Netflix · by regions, 2025
United States and Canada (UCAN)$20.0B44%
Europe, Middle East, and Africa (EMEA)$14.5B32%
Latin America (LATAM)$5.4B12%
Asia-Pacific (APAC)$5.4B12%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open FWONA in InvestinglyQuestions
Which is bigger, Liberty Media Corporation Series A Liberty Formula One or Netflix?
Netflix (NFLX), at $302.0B against $21.2B.
Is FWONA or NFLX cheaper?
By trailing P/E, Netflix (23.1x) is cheaper than Liberty Media Corporation Series A Liberty Formula One (37.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, FWONA or NFLX?
Netflix: revenue grew +13.4% over the last year, against -30.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.