ROKUNasdaqCable & Other Pay Television ServicesFiscal year ends December 31
ROKU, INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$155.54+1.00 (+0.65%)
Close on Oct 19, 2026
- Market cap
- $23.63B
- P/E (TTM)
- 66.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
43.8%−1.7 pts over 5 years
Operating margin
-0.1%+1.0 pts over 5 years
Net margin
1.9%+2.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.2% | +14.9% | +21.6% | +30.9% | |
| Gross profit | +14.9% | +12.9% | +20.7% | +36.9% | |
| Free cash flow | +124.6% | – | +48.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 24.2% | -1.7% | 3.4% | |
| Return on assets | – | -0.9% | 2.0% | |
| Current ratio | 1.42 | 3.26 | 2.75 | |
| Debt to equity | – | 0.07 | – | |
| Net debt to EBITDA | – | -690.05× | – | |
| Interest coverage | – | – | -3.0× | |
| Inventory turnover | – | 18.7× | 19.5× | |
| Capex to revenue | 2.2% | 4.6% | 0.1% | |
| Diluted shares | 5M | 124M | 151M |
Where the cash went
Fiscal 2021 to 2025, five years combined
ROKU generated $1.20B from operations and spent $444.68M on capital expenditure, dividends and share buybacks. 66% of that went back into the business.
Generated
$1.20B
Used
$444.68M
Capital expenditure$294.70M66%Dividends$00%Share buybacks$149.98M34%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.9%
×Asset turnover1.08×
×Equity multiplier1.70×
=Return on equity, FY20253.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.9% | 1.08× | 1.70× | 3.4% |
| FY2024 | -3.1% | 0.96× | 1.78× | -5.4% |
| FY2023 | -20.4% | 0.80× | 1.74× | -28.5% |
| FY2022 | -15.9% | 0.74× | 1.57× | -18.4% |
| FY2021 | 8.8% | 0.87× | 1.55× | 11.8% |
| FY2020 | -1.0% | 0.95× | 1.85× | -1.7% |
| FY2019 | -5.3% | 1.17× | 2.05× | -12.7% |
| FY2018 | -1.2% | 1.77× | 2.11× | -4.5% |
| FY2017 | -12.4% | 1.86× | -13.26× | 305.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$88.36M
- Cash generatingOperating cash flow above zero$483.72M
- Return on assets improvedROA up on the prior year-3.0% → 2.1%
- Earnings backed by cashOperating cash flow above net income$483.72M vs $88.36M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.62 → 2.75
- No dilutionShare count did not rise145M → 151M
- Gross margin improvedGross margin up on the prior year43.90% → 43.79%
- More efficientAsset turnover rose0.97 → 1.10