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	Sep 15, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	78,760	36,955	27,956	14,857	42,310	23,352
Market Cap Growth	141.17%	32.19%	88.17%	-64.89%	81.18%	355.98%
Enterprise Value	78,263	36,582	27,801	14,788	41,744	22,718
Last Close Price	226.01	107.68	83.26	45.21	131.50	75.99
Forward PE	225.92	137.82	161.73	-	-	-
PS Ratio	41.43	22.13	21.56	15.23	64.45	54.17
PB Ratio	63.52	35.32	36.64	23.81	52.15	28.58
P/TBV Ratio	75.98	43.83	46.95	33.51	53.79	29.30
P/FCF Ratio	377.80	189.13	199.67	-	-	-
P/OCF Ratio	164.90	97.14	109.89	120.21	654.46	-
PEG Ratio	9.41	2.64	3.58	7.57	-	-
EV/Sales Ratio	41.60	21.91	21.44	15.16	63.59	52.70
EV/FCF Ratio	375.41	187.22	198.57	-	-	-
Debt / Equity Ratio	2.79	1.40	1.88	2.53	1.59	0.52
Debt / EBITDA Ratio	-	108.88	-	-	-	-
Debt / FCF Ratio	16.61	7.49	10.25	-	-	-
Asset Turnover	0.44	0.55	0.49	0.39	0.35	0.39
Quick Ratio	5.00	2.76	3.41	4.54	6.67	7.77
Current Ratio	5.14	2.86	3.50	4.75	6.78	7.99
Return on Equity (ROE)	-11.04%	-8.71%	-26.52%	-26.95%	-31.97%	-15.47%
Return on Assets (ROA)	-2.73%	-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%
Earnings Yield	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%	-0.51%
FCF Yield	0.26%	0.53%	0.50%	-0.14%	-0.07%	-0.32%
Buyback Yield / Dilution	-2.12%	-2.32%	-2.24%	-4.49%	-4.18%	-104.90%

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q