Cloudflare, Inc. (LON:0A3Z)

Cloudflare Ratios and Metrics

Market cap in millions GBP. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 3, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	47,310	51,892	27,776	21,021	11,162	31,831
Market Cap Growth	1.07%	86.82%	32.14%	88.32%	-64.93%	81.44%
Enterprise Value	46,872	51,456	27,482	20,842	11,108	31,439
PE Ratio	-	-679.83	-468.17	-151.38	-76.63	-158.43
Forward PE	147.39	176.23	137.82	161.73	-	-
PS Ratio	29.37	32.00	22.24	21.67	15.30	64.83
PB Ratio	43.64	47.55	35.49	36.83	23.92	52.45
P/TBV Ratio	43.82	47.08	35.14	36.41	23.65	50.62
P/FCF Ratio	221.48	241.31	190.05	200.72	-745.75	-1501.69
P/OCF Ratio	105.58	115.03	97.61	110.46	120.74	658.26
EV/Sales Ratio	28.78	31.73	22.01	21.49	15.23	64.03
EV/EBITDA Ratio	-	754.05	671.17	1717.06	-302.49	2926.12
EV/EBIT Ratio	-	-332.00	-237.41	-150.22	-73.81	-329.18
EV/FCF Ratio	219.43	239.28	188.04	199.02	-742.11	-1483.19
Debt / Equity Ratio	2.41	2.41	1.40	1.88	2.53	1.59
Debt / EBITDA Ratio	38.57	38.57	26.73	88.44	-32.12	90.03
Debt / FCF Ratio	12.24	12.24	7.49	10.25	-78.81	-45.63
Net Debt / Equity Ratio	-0.40	-0.40	-0.37	-0.31	-0.12	-0.65
Net Debt / EBITDA Ratio	-6.39	-6.39	-7.17	-14.70	1.48	-36.80
Net Debt / FCF Ratio	-2.03	-2.03	-2.01	-1.70	3.64	18.66
Asset Turnover	0.46	0.46	0.55	0.48	0.39	0.35
Quick Ratio	1.92	1.92	2.76	3.41	4.54	6.67
Current Ratio	1.98	1.98	2.86	3.50	4.74	6.78
Return on Equity (ROE)	-8.16%	-8.16%	-8.71%	-26.52%	-26.86%	-31.89%
Return on Assets (ROA)	-4.90%	-4.90%	-5.68%	-7.17%	-8.23%	-7.14%
Return on Invested Capital (ROIC)	-16.28%	-16.28%	-16.53%	-22.61%	-33.66%	-37.83%
Return on Capital Employed (ROCE)	-6.69%	-6.69%	-6.59%	-8.46%	-9.42%	-7.69%
Earnings Yield	-0.16%	-0.15%	-0.21%	-0.66%	-1.31%	-0.63%
FCF Yield	0.45%	0.41%	0.53%	0.50%	-0.13%	-0.07%
Buyback Yield / Dilution	-0.01%	-0.01%	-0.04%	-0.09%	-0.15%	-0.08%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.