It's impossible to argue with Netflix 's ( NFLX 0.51% ) unbelievable track record of compounding shareholder capital in the past. The streaming stock has skyrocketed 992% in the past decade and 16,160% in the last 20 years, crushing the broader indexes.

This monumental rise has created one of the world's most valuable enterprises. Netflix currently carries a market cap of $296 billion. But investors probably have their sights set on a bigger figure.

Can Netflix become a trillion-dollar stock by 2030? An exclusive club As of this writing, there are only seven businesses in this exclusive 13-figure club. Finding the next company that can get to that point way ahead of time can potentially lead to huge returns for investors. The list includes well-known tech names like Microsoft , Apple , and Nvidia .

All are leaders in their respective industries, whether it be enterprise software, consumer hardware and services, or developing graphics processing units for the AI boom . As it relates to these traits, does Netflix belong in this category? I certainly think so. One could argue that Netflix is in an elite group when it comes to innovation and moving an industry forward.

Dominating the streaming industry It's difficult to overstate just how successful Netflix has become. The company singlehandedly helped pioneer the streaming industry as we know it today. This makes it a category-creating enterprise.

After adding 9.3 million net new members in the first three months of 2024, Netfli.