Cloudflare Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	68,917	69,058	36,955	27,956	14,857	42,310
Market Cap Growth	46.30%	86.87%	32.19%	88.17%	-64.89%	81.18%
Enterprise Value	68,334	68,516	36,582	27,801	14,788	41,744
Last Close Price	195.85	197.15	107.68	83.26	45.21	131.50
Forward PE	172.96	176.23	137.82	161.73	-	-
PS Ratio	31.48	31.85	22.13	21.56	15.23	64.45
PB Ratio	47.23	47.33	35.32	36.64	23.81	52.15
P/TBV Ratio	57.88	58.00	43.83	46.95	33.51	53.79
P/FCF Ratio	239.71	240.20	189.13	199.67	-	-
P/OCF Ratio	114.27	114.50	97.14	109.89	120.21	654.46
EV/Sales Ratio	31.52	31.60	21.91	21.44	15.16	63.59
EV/FCF Ratio	237.69	238.32	187.22	198.57	-	-
Debt / Equity Ratio	2.41	2.41	1.40	1.88	2.53	1.59
Debt / EBITDA Ratio	68.23	68.23	108.88	-	-	-
Debt / FCF Ratio	12.24	12.24	7.49	10.25	-	-
Net Debt / Equity Ratio	-0.40	-0.40	-0.37	-0.31	-0.12	-0.65
Net Debt / EBITDA Ratio	51.39	51.39	10.90	3.35	0.63	6.48
Net Debt / FCF Ratio	-2.03	-2.03	-2.01	-1.70	3.64	18.66
Asset Turnover	0.46	0.46	0.55	0.49	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	4.75	6.78
Return on Equity (ROE)	-8.16%	-8.16%	-8.71%	-26.52%	-26.95%	-31.97%
Return on Assets (ROA)	-2.69%	-2.69%	-2.87%	-4.34%	-4.97%	-4.24%
Return on Capital Employed (ROCE)	-5.50%	-5.50%	-5.50%	-8.50%	-9.00%	-6.10%
Earnings Yield	-0.15%	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%
FCF Yield	0.42%	0.42%	0.53%	0.50%	-0.14%	-0.07%
Buyback Yield / Dilution	-2.05%	-2.05%	-2.32%	-2.24%	-4.49%	-4.18%

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

SEC Filings: 10-K · 10-Q