Apple trades near record high while Netflix sits 54% below its peak

Apple shares trade at roughly $350, close to their all-time high and up about 29% in 2026. Netflix shares sit near $62, about 54% below the record close it set in June 2025 after adjusting for the company's 10-for-1 stock split in November.

Netflix trades at a price-to-earnings ratio of around 17 based on analyst forecasts for 2027. Apple's price-to-earnings ratio sits at about 37 based on expected earnings for its fiscal 2027.

Netflix revenue growth has slowed throughout 2026. Revenue rose 17.6% year over year in the fourth quarter of 2025, then declined to 16.2% in the first quarter of 2026 and to 13.4% and 11.8% in the following two quarters. Management guidance points to 11.5% growth in the fourth quarter.

Netflix operating margin is expected to rise to 31.5% in 2026 from 29.5% in 2025. The company spent a record $4.8 billion on buybacks in the third quarter. Netflix reached its one-year low on October 29.