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
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Cloudflare, Inc. (NET) Return on equity
Cloudflare, Inc.'s return on equity over the twelve months to 30 September 2026 was −17.0%, down 8.8 percentage points from fiscal 2025 (−8.16%). Over the past ten years it has ranged from −34.6% (fiscal 2019) to 100.6% (fiscal 2018); the current reading is higher than 70% of that period. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.
Return on equity, annual
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Annual newest first
| Period | Return on equity | Change (points) |
|---|---|---|
| FY2025 | −8.16% | 0.55 |
| FY2024 | −8.71% | 17.81 |
| FY2023 | −26.5% | 0.43 |
| FY2022 | −27.0% | 5.02 |
| FY2021 | −32.0% | (16.50) |
| FY2020 | −15.5% | 19.10 |
| FY2019 | −34.6% | (135.14) |
| FY2018 | 100.6% | 88.22 |
| FY2017 | 12.4% | 12.35 |
| FY2016 | 0.00% | — |
Against its own ten years
Return on equity against peers
| Company | Return on equity |
|---|---|
| FTNT Fortinet, Inc. compare | 153.1% |
| NTAP NetApp, Inc. compare | 114.8% |
| OKTA Okta, Inc. compare | 4.31% |
| SNPS Synopsys, Inc. compare | 3.66% |
| XYZ Block, Inc. compare | 2.03% |
| CRWD CrowdStrike compare | 1.01% |
| NBIS Nebius Group N.V. compare | 0.60% |
| ZS Zscaler, Inc. compare | −2.87% |
| NET Cloudflare, Inc. | −17.0% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.51% |
What Return on equity is
ROE shows how much profit a company earns for its shareholders on the equity they have in the business.
Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)
More on NET
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement