Friday 6 November 2026 Export NET’s income statement to Excel — free account

Cloudflare, Inc.

NET Technology Software Infrastructure

Cloudflare, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 29.8% from fiscal 2024.

Revenue: +39.2%
EPS: −2,602.7%
Free cash flow: +9.48%
Total debt: +125.2%

Quarter to September 2026, against a year earlier

272.37 27.86 +11.39%

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Market cap: $87.1B
P/E: 0.0×
Fwd P/E: −484×
Dividend yield: —
F-score: 4/9
Altman Z: 9.43
Beneish M: −2.95
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Cloudflare, Inc. (NET) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Cloudflare, Inc. (NET) trades at a price to free cash flow of 271×. Over the past ten years it has ranged from 0.0× (March 2023) to 606× (June 2023); the current reading is higher than 74% of that period. That is above the Software Infrastructure industry median of 17.9× and above the Technology sector median of 18.7×.

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<iframe src="https://stockrow.com/embed/NET/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Cloudflare, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NET/metrics/price-to-free-cash-flow">Cloudflare, Inc. (NET) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	264×	19.69%
FY2024	220×	(0.62%)
FY2023	222×	—
FY2022	0.0×	—
FY2021	0.0×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	385×	39.55%
Jun 2026	276×	10.68%
Mar 2026	249×	(5.41%)
Dec 2025	264×	(26.54%)
28 more quarters	Free account

Against its own ten years

Low 0.0× High 606×

Ten-year median 162×

Current reading's percentile 74

Company	Price to free cash flow
NBIS Nebius Group N.V. compare	n/m
XYZ Block, Inc. compare	14.7×
NTAP NetApp, Inc. compare	20.3×
FTNT Fortinet, Inc. compare	26.2×
SNPS Synopsys, Inc. compare	30.8×
OKTA Okta, Inc. compare	31.3×
ZS Zscaler, Inc. compare	42.3×
CRWD CrowdStrike compare	147×
NET Cloudflare, Inc.	271×
Software Infrastructure industry median	17.9×
Technology sector median	18.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Cloudflare, Inc. (NET) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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