Cloudflare, Inc.
NETNYSE
$302.01
Last price · USD
- Market cap
- $105.2B
- P/E
- —
- EV / EBITDA
- 1020.6x
- P/S
- 48.5x
- FCF yield
- 0.3%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Revenue
$2.17B
+29.8%
4Y CAGR +34.8%
Gross profit
$1.62B
+25.1%
4Y CAGR +33.5%
Operating income
-$207M
-33.9%
4Y CAGR —
Net income
-$102M
-29.8%
4Y CAGR —
EPS (diluted)
$-0.29
-26.1%
4Y CAGR —
Free cash flow
$324M
+66.0%
4Y CAGR —
Revenue & net income
Fiscal 2021–2025 · USD
RevenueNet income
Valuation
At $302.01 · FY2025 fundamentals
- Market cap
- $105.2B
- Enterprise value
- $108.0B
- P/E
- —
- P/S
- 48.5x
- P/B
- 72.1x
- EV / EBITDA
- 1020.6x
- EV / Sales
- 49.8x
- Earnings yield
- -0.1%
- FCF yield
- 0.3%
- Shareholder yield
- 0.0%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 74.5%-3.1pp | 77.6% | |
| Operating margin | -9.6%+9.9pp | -19.5% | |
| EBITDA margin | 4.9%+25.0pp | -20.1% | |
| Net margin | -4.7%+34.9pp | -39.7% | |
| FCF margin | 15.0%+21.5pp | -6.6% |
Returns & financial health
FY2025 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | -7.0% | -31.9% | |
| Return on invested capital | -4.9% | -7.1% | |
| Return on assets | -1.7% | -11.0% | |
| Debt / equity | 2.54x | 1.59x | |
| Net debt / EBITDA | 26.06x | -7.41x | |
| Current ratio | 1.98x | 6.77x |
Cash & equivalents
$944M
Total debt
$3.70B
Capital allocation
How NET used its cash in FY2025
- Operating cash flow
- $667M
- Capital expenditure
- $343M
- Dividends paid
- $0.00
- Share repurchases
- $0.00
- Stock-based compensation
- $451M
- Diluted shares
- 348.4M
- Share count change (4Y)
- +11.6%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2025 actual | $2.17B | $-0.29 | ||
| FY2026E18 analysts | $2.87B | +32.3% | $1.26 | +535.1% |
| FY2027E19 analysts | $3.68B | +28.4% | $1.68 | +32.8% |
| FY2028E6 analysts | $4.68B | +27.1% | $2.24 | +33.7% |
About Cloudflare, Inc.
Technology · Software - Infrastructure
Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices.
cloudflare.com- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Matthew Prince
- Employees
- 5,156
- Headquarters
- San Francisco, CA, US
- IPO date
- 2019-09-13
Cloudflare, Inc. (NET) — frequently asked questions
Answered from the company's SEC filings
Cloudflare, Inc. functions as a global provider of cloud-based services.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.