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	Jun '26 Jun 26, 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	83,856	69,375	37,134	28,103	14,923	42,555
Market Cap Growth	34.62%	86.82%	32.14%	88.32%	-64.93%	81.44%
Enterprise Value	83,217	68,792	36,741	27,864	14,850	42,031
Last Close Price	237.24	197.15	107.68	83.26	45.21	131.50
Forward PE	183.25	176.23	137.82	161.73	-	-
PS Ratio	36.01	32.00	22.24	21.67	15.30	64.83
PB Ratio	54.91	47.55	35.49	36.83	23.92	52.45
P/TBV Ratio	66.19	57.69	43.60	46.66	33.27	52.21
P/FCF Ratio	270.56	241.31	190.05	200.72	-	-
P/OCF Ratio	136.21	115.03	97.61	110.47	120.74	658.26
EV/Sales Ratio	35.74	31.73	22.01	21.49	15.23	64.03
EV/EBITDA Ratio	-	754.05	671.17	1717.06	-	2926.12
EV/FCF Ratio	268.49	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)	-6.91%	-9.15%	-12.65%	-18.14%	-26.72%	-29.57%
Return on Capital Employed (ROCE)	-5.81%	-6.69%	-6.59%	-8.46%	-9.42%	-7.69%
FCF Yield	0.37%	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