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 17, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	74,533	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	74,036	36,582	27,801	14,788	41,744	22,718
Last Close Price	213.88	107.68	83.26	45.21	131.50	75.99
Forward PE	213.79	137.82	161.73	-	-	-
PS Ratio	39.21	22.13	21.56	15.23	64.45	54.17
PB Ratio	60.11	35.32	36.64	23.81	52.15	28.58
P/TBV Ratio	71.91	43.83	46.95	33.51	53.79	29.30
P/FCF Ratio	357.52	189.13	199.67	-	-	-
P/OCF Ratio	156.05	97.14	109.89	120.21	654.46	-
PEG Ratio	8.91	2.64	3.58	7.57	-	-
EV/Sales Ratio	39.35	21.91	21.44	15.16	63.59	52.70
EV/FCF Ratio	355.13	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	-0.16%	-0.21%	-0.66%	-1.30%	-0.61%	-0.51%
FCF Yield	0.28%	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