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Cloudflare, Inc. NET

NYSE · stock · Services-Prepackaged Software · website · IPO 2019-09-13 · LEI

Cloudflare, Inc. statistics & valuation

P / S38.9×
P / B57.7×
P / FCF293.0×
Net margin-4.7%
FCF margin13.3%
Return on capital-5.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-45.20% -36.90% -27.70% -39.70% -19.80% -14.20% -4.70% -4.70% 20182019202020212022202320242025
Gross margin (%)
77.40% 77.90% 76.60% 77.60% 76.10% 76.30% 77.30% 74.50% 20182019202020212022202320242025
Operating margin (%)
-44.10% -37.60% -24.80% -19.50% -20.60% -14.30% -9.30% -9.60% 20182019202020212022202320242025
Return on equity (%)
-14.60% -14.60% -32.10% -31.00% -24.10% -7.50% -7.00% 20182019202020212022202320242025
Shares outstanding
146.3M 299.8M 312.3M 326.3M 333.7M 341.4M 348.4M 20182019202020212022202320242025
Net debt ($)
20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-29.20% -12.70% -8.60% -11.00% -7.50% -6.70% -2.40% -1.70% 20182019202020212022202320242025
Free cash flow margin (%)
-35.70% -28.60% -17.10% -4.30% -2.10% 10.80% 11.70% 13.30% 20182019202020212022202320242025
Debt / equity (×)
20182019202020212022202320242025
EPS ($)
-$0.72 -$0.40 -$0.83 -$0.59 -$0.55 -$0.23 -$0.29 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin74.5%77.3%76.3%76.1%77.6%76.6%77.9%77.4%
Operating margin-9.6%-9.3%-14.3%-20.6%-19.5%-24.8%-37.6%-44.1%
Net margin-4.7%-4.7%-14.2%-19.8%-39.7%-27.7%-36.9%-45.2%
FCF margin13.3%11.7%10.8%-2.1%-4.3%-17.1%-28.6%-35.7%
Return on assets-1.7%-2.4%-6.7%-7.5%-11.0%-8.6%-12.7%-29.2%
Return on equity-7.0%-7.5%-24.1%-31.0%-32.1%-14.6%-14.6%76.8%
Current ratio1.982.863.504.746.787.998.223.21

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.