Cloudflare, Inc. (NET)

NYSE: NET · Real-Time Price · USD

278.92

-5.59 (-1.96%)

At close: Sep 4, 2026, 4:00 PM EDT

277.65

-1.27 (-0.46%)

After-hours: Sep 4, 2026, 7:59 PM EDT

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	Sep '26 Sep 4, 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	99,318	69,058	36,955	27,956	14,857	42,310
Market Cap Growth	38.55%	86.87%	32.19%	88.17%	-64.89%	81.18%
Enterprise Value	98,684	68,516	36,582	27,801	14,788	41,744
Last Close Price	278.92	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	Sep '26 Sep 4, 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	188.73	176.23	137.82	161.73	286.04	-
PS Ratio	39.53	31.85	22.13	21.56	15.23	64.45
PB Ratio	61.28	47.33	35.32	36.64	23.81	52.15
P/TBV Ratio	83.71	58.00	43.83	46.95	33.51	53.79
P/FCF Ratio	290.47	245.75	204.74	208.74	-	-
P/OCF Ratio	156.79	114.50	97.14	109.89	120.21	654.46
PEG Ratio	3.79	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	Sep '26 Sep 4, 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	39.28	31.60	21.91	21.44	15.16	63.59
EV/FCF Ratio	288.62	243.82	202.67	207.59	-	-

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 4, 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	Sep '26 Sep 4, 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	-0.21%	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%
FCF Yield	0.34%	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%

SEC Filings: 10-K · 10-Q