Roku enables consumers to stream television programming. Roku facilitated 145 billion streaming hours in 2025 and reached more than half of US broadband households.
It is a $22.7B communication services company. Revenue grew 18.5% over the last year, and it keeps 7¢ of every dollar of sales as profit. It trades at 63.9× earnings — in the cheapest third of its own history.
- Website
- roku.com
- Location
- San Jose, CA
- Employees
- 3 600
- Sector
- Communication Services
- Founded
- 2002
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Growth and Moat lag behind.
Valuation57
- P/E vs own history18th pct · 25/25
- FCF yield3.1% · 12/25
- P/S4.4x · 20/25
- EV/EBITDA60.5x · 0/25
Growth45
- Revenue CAGR14.4% · 20/25
- Net income CAGR-22.3% · 0/25
- EPS CAGR ~5Y-23.5% · 0/25
- Fwd implied growth45.2% · 25/25
Profitability55
- ROIC25.9% · 25/25
- ROE13.2% · 12/25
- Net margin6.8% · 13/25
- Operating margin5.3% · 5/25
Health50
- Altman Z8.84 · 25/25
- Current ratio2.87 · 25/25
- Interest coverage-93.7x · 0/25
- Net cash / debtn/a · 0/25
Quality84
- Piotroski F7/9 · 22/25
- Beneish M-2.79 · 25/25
- FCF conversion200% · 25/25
- Margin stabilityσ 8.6% · 12/25
Moat30
- ROIC >12% years1/8 yrs · 0/25
- Median gross margin43.9% · 20/25
- FCF-positive years6/9 yrs · 10/25
- Worst-year net marginworst -20.4% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025ProductRoku announced the launch of the Roku Data Cloud, a service that provided marketers with detailed…
- 2024ProductRoku launched "Roku Ads Manager", a self-serve ad platform, claiming that the platform was a way…
- 2023ProductLater, in November 2023, Roku announced a partnership with app monetization platform Unity to assist…
- FY2021FinancialTurned profitable$242M net income after a loss year
- FY2021FinancialBest year on record$242M net income
- 2020ProductRoku had launched in Brazil and had a limited footprint in Ireland, according to Variety
- FY2019FinancialRevenue crossed $1B$1.13B for the year
- 2019AcquisitionRoku announced its acquisition of dataxu video advertising platform, for $150 million in cash and…
- 2017IPOThe company has been listed on the Nasdaq Global Select Market since 2017
- 2017ProductRoku also launched its self-serving advertising product to allow advertisers to serve ads to Roku's users
- 2015ProductThe company launched its products in Australia, France and Mexico
- 2008ProductRoku launched the first connected TV device to stream Netflix in May 2008
- 2002FoundedRoku Inc. was founded in 2002 by Anthony Wood and in its initial years, Roku focused on making high-definition video…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (45.5%)
- Revenue growing 18.5% year over year
- High returns on invested capital (ROIC 25.9%)
- Piotroski F-Score 7/9 — fundamentally strong checklist
- Altman Z-Score 8.84 — low bankruptcy-risk zone
Watch-outs
- Thin interest coverage (-93.7×)
- Loss-making in 7 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+18.5% YoY
- Profitable — makes more than it spends$355M TTM
- Profit growing — earnings are higher than last year+168.3% YoY
- Generates cash — cash left after running and investing$710M TTM
- Debt under control — could handle its obligationscurrent ratio 2.87
- Established company — not a micro-cap — lower blow-up risk$22.7B market cap
- Not printing shares — share count not ballooning — you keep your slice+6.5% shares over ~5y
- Proven track record — years of profitability behind it2/9 profitable years
- Financially stable — balance sheet not near distressAltman Z 8.8 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 63.9
Peer comparisonRoku, Inc. vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| ROKU this company | $22.7B | 63.9 | +18.5% | 6.8% | Strong |
| VZ Verizon Communications | $173.7B | 10.6 | +1.4% | 11.6% | Strained |
| TMUS T-Mobile US, Inc. | $159.6B | 15.1 | +9.7% | 11.5% | Strained |
| T AT&T Inc. | $152.3B | 7.1 | +2.6% | 16.9% | Strained |
| WBD Warner Bros. Discovery, Inc. Series A | $77.6B | 106.6 | -6.1% | -8.8% | Strained |
| CMCSA Comcast Corp | $73.4B | 6.5 | +0.6% | 9.0% | Strained |
| ECHO EchoStar Corporation | $27.7B | — | -5.2% | -38.7% | Mixed |
Head-to-head: ROKU vs VZ · ROKU vs TMUS · ROKU vs T
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2017–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/ROKU
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of ROKU on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $152.85 · market cap $22.7B.