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	May '26 May 15, 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 Cap	69,831	69,375	37,134	28,103	14,923	42,555
Market Cap Growth	64.35%	86.82%	32.14%	88.32%	-64.93%	81.44%
Enterprise Value	69,191	67,429	36,694	27,826	14,817	41,994
Last Close Price	197.56	197.15	107.68	83.26	45.21	131.50
PE Ratio	-	-679.83	-468.17	-151.38	-76.63	-158.43
Forward PE	153.52	176.23	137.82	161.73	-	-
PS Ratio	29.99	32.00	22.24	21.67	15.30	64.83
PB Ratio	45.73	47.55	35.49	36.83	23.92	52.45
P/TBV Ratio	45.31	47.08	35.14	36.41	23.65	50.62
P/FCF Ratio	225.30	241.31	190.05	200.72	-745.75	-1501.69
P/OCF Ratio	113.42	115.03	97.61	110.47	120.74	658.26
EV/Sales Ratio	29.71	31.10	21.98	21.46	15.19	63.97
EV/EBITDA Ratio	-	739.12	670.30	1714.69	-301.81	2923.52
EV/EBIT Ratio	-	-325.42	-237.10	-150.02	-73.64	-328.89
EV/FCF Ratio	223.24	234.54	187.80	198.74	-740.44	-1481.88
Debt / Equity Ratio	1.41	1.48	1.35	1.83	2.47	1.54
Debt / EBITDA Ratio	32.83	38.57	26.73	88.44	-32.12	90.03
Debt / FCF Ratio	10.99	12.24	7.49	10.25	-78.81	-45.63
Net Debt / Equity Ratio	-0.42	-0.40	-0.37	-0.31	-0.12	-0.65
Net Debt / EBITDA Ratio	-5.95	-6.39	-7.17	-14.70	1.48	-36.80
Net Debt / FCF Ratio	-1.99	-2.03	-2.01	-1.70	3.64	18.66
Asset Turnover	0.38	0.46	0.55	0.48	0.39	0.35
Quick Ratio	1.89	1.92	2.76	3.41	4.54	6.67
Current Ratio	1.96	1.98	2.86	3.50	4.74	6.78
Return on Equity (ROE)	-5.81%	-8.16%	-8.71%	-26.52%	-26.86%	-31.89%
Return on Assets (ROA)	-3.97%	-4.90%	-5.68%	-7.17%	-8.23%	-7.14%
Return on Invested Capital (ROIC)	-14.49%	-16.28%	-16.53%	-22.61%	-33.66%	-37.83%
Return on Capital Employed (ROCE)	-5.81%	-6.69%	-6.59%	-8.46%	-9.42%	-7.69%
Earnings Yield	-0.12%	-0.15%	-0.21%	-0.66%	-1.31%	-0.63%
FCF Yield	0.44%	0.41%	0.53%	0.50%	-0.13%	-0.07%
Buyback Yield / Dilution	-2.02%	-2.05%	-2.32%	-2.24%	-4.49%	-4.19%
Total Shareholder Return	-2.02%	-2.05%	-2.32%	-2.24%	-4.49%	-4.19%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q