Cloudflare, Inc. (NET)
NYSE: NET · Real-Time Price · USD
301.23
+4.93 (1.66%)
Oct 19, 2026, 1:31 PM EDT - Market open
Cloudflare Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 19, 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 |
| 107,262 | 69,058 | 36,955 | 27,956 | 14,857 | 42,310 | |
Market Cap Growth | 41.59% | 86.87% | 32.19% | 88.17% | -64.89% | 81.18% |
Enterprise Value | 106,628 | 68,516 | 36,582 | 27,801 | 14,788 | 41,744 |
Last Close Price | 296.30 | 197.15 | 107.68 | 83.26 | 45.21 | 131.50 |
Price Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 19, 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 |
Forward PE | 203.99 | 176.23 | 137.82 | 161.73 | 286.04 | - |
PS Ratio | 42.98 | 31.85 | 22.13 | 21.56 | 15.23 | 64.45 |
PB Ratio | 65.10 | 47.33 | 35.32 | 36.64 | 23.81 | 52.15 |
P/TBV Ratio | 91.01 | 58.00 | 43.83 | 46.95 | 33.51 | 53.79 |
P/FCF Ratio | 315.81 | 245.75 | 204.74 | 208.74 | - | - |
P/OCF Ratio | 170.47 | 114.50 | 97.14 | 109.89 | 120.21 | 654.46 |
PEG Ratio | 4.03 | 6.57 | 2.64 | 3.58 | 7.57 | - |
EV Ratios
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 19, 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 |
EV/Sales Ratio | 42.73 | 31.60 | 21.91 | 21.44 | 15.16 | 63.59 |
EV/FCF Ratio | 313.95 | 243.82 | 202.67 | 207.59 | - | - |
Financial Efficiency
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 19, 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 |
Debt / Equity Ratio | 2.18 | 2.41 | 1.40 | 1.88 | 2.53 | 1.59 |
Debt / EBITDA Ratio | 47.28 | 130.94 | 108.88 | - | - | - |
Debt / FCF Ratio | 10.32 | 12.52 | 8.11 | 10.72 | - | - |
Net Debt / Equity Ratio | -0.39 | -0.40 | -0.37 | -0.31 | -0.12 | -0.65 |
Net Debt / EBITDA Ratio | 175.47 | 14.74 | 10.90 | 3.35 | 0.63 | 6.48 |
Net Debt / FCF Ratio | -1.85 | -2.07 | -2.18 | -1.78 | 3.64 | 18.66 |
Asset Turnover | 0.42 | 0.46 | 0.55 | 0.49 | 0.39 | 0.35 |
Quick Ratio | 1.76 | 1.92 | 2.76 | 3.41 | 4.54 | 6.67 |
Current Ratio | 1.82 | 1.98 | 2.86 | 3.50 | 4.75 | 6.78 |
Return on Equity (ROE) | -14.43% | -8.16% | -8.71% | -26.52% | -26.95% | -31.97% |
Return on Assets (ROA) | -2.04% | -2.65% | -2.87% | -4.34% | -4.97% | -4.24% |
Return on Capital Employed (ROCE) | -5.10% | -5.40% | -5.50% | -8.50% | -9.00% | -6.10% |
Yields
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Oct '26 Oct 19, 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 |
Earnings Yield | -0.19% | -0.15% | -0.21% | -0.66% | -1.30% | -0.61% |
FCF Yield | 0.32% | 0.41% | 0.49% | 0.48% | -0.14% | -0.07% |
Buyback Yield / Dilution | -2.02% | -2.05% | -2.32% | -2.24% | -4.49% | -4.18% |