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	Jul '26 Jul 24, 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	93,047	69,375	37,134	28,103	14,923	42,555
Market Cap Growth	41.92%	86.82%	32.14%	88.32%	-64.93%	81.44%
Enterprise Value	92,408	68,792	36,741	27,864	14,850	42,031
Last Close Price	262.15	197.15	107.68	83.26	45.21	131.50
Forward PE	202.49	176.23	137.82	161.73	286.04	-
PEG Ratio	4.69	6.57	2.64	3.58	7.57	-
PS Ratio	39.96	32.00	22.24	21.67	15.30	64.83
PB Ratio	60.68	47.55	35.49	36.83	23.92	52.45
P/TBV Ratio	73.14	57.69	43.60	46.66	33.27	52.21
P/FCF Ratio	300.21	241.31	190.05	200.72	-	-
P/OCF Ratio	151.13	115.03	97.61	110.47	120.74	658.26
EV/Sales Ratio	39.68	31.73	22.01	21.49	15.23	64.03
EV/EBITDA Ratio	860.62	754.05	671.17	1717.06	-	2926.12
EV/FCF Ratio	298.15	239.28	188.04	199.02	-	-
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	-	90.03
Debt / FCF Ratio	10.99	12.24	7.49	10.25	-	-
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)	-27.46%	-29.89%	-29.22%	-35.67%	-48.67%	-53.58%
Return on Capital Employed (ROCE)	-5.81%	-6.69%	-6.59%	-8.46%	-9.42%	-7.69%
FCF Yield	0.33%	0.41%	0.53%	0.50%	-	-
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%

SEC Filings: 10-K · 10-Q