Cloudflare, Inc. (NET)

Cloudflare Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan 5, 2026	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	69,237	36,955	27,956	14,857	42,310	23,352
Market Cap Growth	75.96%	32.19%	88.17%	-64.89%	81.18%	355.98%
Enterprise Value	68,695	36,582	27,801	14,788	41,744	22,718
Last Close Price	197.66	107.68	83.26	45.21	131.50	75.99
Forward PE	176.69	137.82	161.73	-	-	-
PS Ratio	34.03	22.13	21.56	15.23	64.45	54.17
PB Ratio	51.39	35.32	36.64	23.81	52.15	28.58
P/TBV Ratio	60.34	43.83	46.95	33.51	53.79	29.30
P/FCF Ratio	292.84	189.13	199.67	-	-	-
P/OCF Ratio	128.21	97.14	109.89	120.21	654.46	-
PEG Ratio	6.59	2.64	3.58	7.57	-	-
EV/Sales Ratio	34.12	21.91	21.44	15.16	63.59	52.70
EV/FCF Ratio	290.55	187.22	198.57	-	-	-
Debt / Equity Ratio	2.60	1.40	1.88	2.53	1.59	0.52
Debt / EBITDA Ratio	283.59	108.88	-	-	-	-
Debt / FCF Ratio	14.81	7.49	10.25	-	-	-
Asset Turnover	0.46	0.55	0.49	0.39	0.35	0.39
Quick Ratio	1.99	2.76	3.41	4.54	6.67	7.77
Current Ratio	2.04	2.86	3.50	4.75	6.78	7.99
Return on Equity (ROE)	-8.88%	-8.71%	-26.52%	-26.95%	-31.97%	-15.47%
Return on Assets (ROA)	-2.71%	-2.87%	-4.34%	-4.97%	-4.24%	-5.68%
Return on Capital (ROIC)	-3.30%	-3.69%	-5.27%	-5.73%	-4.75%	-6.34%
Return on Capital Employed (ROCE)	-5.40%	-5.50%	-8.50%	-9.00%	-6.10%	-8.10%
Earnings Yield	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%	-0.51%
FCF Yield	0.34%	0.53%	0.50%	-0.14%	-0.07%	-0.32%
Buyback Yield / Dilution	-2.07%	-2.32%	-2.24%	-4.49%	-4.18%	-104.90%

Updated Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q