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Cloudflare, Inc.

NET

$300.79 ▼ -29.03 (-8.80%) at close

10 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Cloudflare, Inc. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $104.8B

Dividend Yield —

Revenue Growth 29.8% ↗

Op. Margin -9.6% ↘

ROIC -15.7% ↗

FCF / Share $0.83 ↗

Trailing P/E —

Price / Book 71.8x

FCF Yield 0.3%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$2.17B

↑ +29.8% —

Net Income Profit after all expenses

$-102.27M

↓ -29.8% —

Operating Margin Operating profit as % of sales

-9.6%

↓ -3.1% 16th

FCF / Share Free cash flow per share

$0.83

↑ +44.2% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↓

Cash Quality

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue Growth YoY (%)	29.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+149%)	28.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+140%)	33.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+175%)	48.6% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+305%)	52.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+336%)	50.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+318%)	49.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+308%)	42.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+257%)	—	—
EPS Growth YoY (%)	-26.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	58.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	28.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-107.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	-29.8% Weak ↓ Weak Declining Year-over-year change in net income	57.2% Excellent ↑ Excellent Improving Year-over-year change in net income	4.9% Caution ↑ Caution Improving Year-over-year change in net income	25.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-118.1% Weak ↑ Weak Improving Year-over-year change in net income	-12.8% Weak ↑ Weak Improving Year-over-year change in net income	-21.4% Weak Weak Year-over-year change in net income	-711.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	44.2% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	36.4% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	N/M	32.4% Excellent Excellent Year-over-year change in free cash flow	63.0% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	30.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	36.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	50.3% Excellent → Excellent Stable Compound annual revenue growth over 3 years	50.5% Excellent Excellent Compound annual revenue growth over 3 years	47.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	38.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	42.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	46.4% Excellent Excellent Compound annual revenue growth over 5 years	48.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Operating Margin (%) (%)	-9.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-148%)	-9.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	-14.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-172%)	-20.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-203%)	-19.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-197%)	-24.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-224%)	-37.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-288%)	-44.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-320%)	-7.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-136%)	—
Effective Tax Rate (%) (%)	-10.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-11.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-5.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-10.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-4.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-4.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-14.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-195%)	-19.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-232%)	-39.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-364%)	-27.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-285%)	-36.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-346%)	-45.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-402%)	-8.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-153%)	—
FCF Margin (%) (%)	13.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.7% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.8% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-2.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-17.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-28.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-35.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-11.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-2.81x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.48x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.76x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.10x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.11x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.78x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.48x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Return on Invested Capital (%)	-15.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-16.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-25.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-32.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-16.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-12.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-15.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	75.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-4.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-6.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-7.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-7.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-13.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-28.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-7.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-138%)	-7.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-141%)	-24.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	-31.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-268%)	-32.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-273%)	-14.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-179%)	-14.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-179%)	76.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+315%)	18.0% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Interest Coverage (x)	-7145.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2063.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-31.59x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-40.37x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.59x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-4.28x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-97.07x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-85.58x Weak Weak Operating income divided by interest expense Optimal: > 5x	-11.29x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-943.54M	$-147.69M	$-86.86M	$-204.18M	$-313.78M	$-108.89M	$-138.98M	$-25.05M	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue per Share (USD)	$6.22	$4.89	$3.89	$2.99	$2.10	$1.44	—	—	—	—
Basic EPS, GAAP (USD)	$-0.29	$-0.23	$-0.55	$-0.59	$-0.83	$-0.40	—	—	—	—
Free Cash Flow per Share (USD)	$0.83	$0.57	$0.42	$-0.06	$-0.09	$-0.25	—	—	—	—
Book Value per Share (USD)	$4.19	$3.06	$2.29	$1.91	$2.60	$2.73	—	—	—	—
Tangible Book Value per Share (USD)	$3.54	$2.53	$1.84	$1.46	$2.52	$2.67	—	—	—	—
Basic Weighted Avg Shares (shares)	348.42M	341.41M	333.66M	326.33M	312.32M	299.77M	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Working Capital (USD)	$2.29B	$1.48B	$1.42B	$1.49B	$1.67B	$988.58M	$605.99M	$135.36M	—	—
Total Equity (USD)	$1.46B	$1.05B	$763.05M	$623.96M	$811.36M	$816.94M	$725.83M	$-113.50M	$-59.83M	$-53.39M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$2.17B	$1.67B	$1.30B	$975.24M	$656.43M	$431.06M	$287.02M	$192.67M	$134.91M	—
Depreciation Expense (USD)	$189.74M	$127.72M	$135.82M	$102.33M	$66.61M	$49.39M	$29.48M	$18.91M	$12.17M	—
Net Income, GAAP (USD)	$-102.27M	$-78.80M	$-183.95M	$-193.38M	$-260.31M	$-119.37M	$-105.83M	$-87.16M	$-10.75M	—
Operating Cash Flow (USD)	$603.11M	$380.43M	$254.41M	$123.59M	$64.65M	$-17.13M	$-38.92M	$-43.28M	$3.17M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 10 years · 35 quarters

Cloudflare, Inc.

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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