stockrowCloudflare, 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 invested capital
Cloudflare, Inc.'s return on invested capital over the twelve months to 30 September 2026 was −4.07%, down 4.1 percentage points from fiscal 2025 (0.00%). Over the past ten years it has ranged from −78.3% (fiscal 2018) to 0.00% (fiscal 2025) — the current reading is the highest in ten years. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 0.00% | 20.44 |
| FY2024 | −20.4% | 10.88 |
| FY2023 | −31.3% | 0.14 |
| FY2022 | −31.5% | 28.35 |
| FY2021 | −59.8% | (19.50) |
| FY2020 | −40.3% | 27.57 |
| FY2019 | −67.9% | 10.38 |
| FY2018 | −78.3% | (67.93) |
| FY2017 | −10.3% | (10.33) |
| FY2016 | 0.00% | — |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| NTAP NetApp, Inc. compare | 283.9% |
| XYZ Block, Inc. compare | 3.58% |
| OKTA Okta, Inc. compare | 3.10% |
| SNPS Synopsys, Inc. compare | 1.33% |
| FTNT Fortinet, Inc. compare | 0.00% |
| NBIS Nebius Group N.V. compare | −3.94% |
| NET Cloudflare, Inc. | −4.07% |
| CRWD CrowdStrike compare | −9.53% |
| ZS Zscaler, Inc. compare | −10.2% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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