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

244.63 21.95 −8.23%
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

Cloudflare, Inc. (NET) Return on equity

Alert me on 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

Low −34.6% High 100.6%
Ten-year median −12.1%
Current reading's percentile 70

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)

The full definition of Return on equity →

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