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	Mar '26 Mar 31, 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	72,628	69,375	37,134	28,103	14,923	42,555
Market Cap Growth	81.41%	86.82%	32.14%	88.32%	-64.93%	81.44%
Enterprise Value	72,045	67,429	36,694	27,826	14,817	41,993
Last Close Price	206.34	197.15	107.68	83.26	45.21	131.50
PE Ratio	-	-679.83	-468.17	-151.38	-76.63	-158.43
Forward PE	183.98	176.23	137.82	161.73	-	-
PS Ratio	33.50	32.00	22.24	21.67	15.30	64.83
PB Ratio	49.76	47.55	35.49	36.83	23.92	52.45
P/TBV Ratio	49.27	47.08	35.14	36.41	23.65	50.62
P/FCF Ratio	252.62	241.31	190.05	200.72	-745.75	-1501.69
P/OCF Ratio	120.42	115.03	97.61	110.46	120.74	658.26
EV/Sales Ratio	33.23	31.10	21.98	21.46	15.19	63.97
EV/EBITDA Ratio	-	739.11	670.30	1714.69	-301.81	2923.52
EV/EBIT Ratio	-	-325.42	-237.10	-150.02	-73.64	-328.89
EV/FCF Ratio	250.59	234.54	187.80	198.74	-740.44	-1481.88
Debt / Equity Ratio	1.48	1.48	1.35	1.83	2.47	1.54
Debt / EBITDA Ratio	38.57	38.57	26.73	88.44	-32.12	90.03
Debt / FCF Ratio	12.24	12.24	7.49	10.25	-78.81	-45.63
Net Debt / Equity Ratio	-0.40	-0.40	-0.37	-0.31	-0.12	-0.65
Net Debt / EBITDA Ratio	-6.39	-6.39	-7.17	-14.70	1.48	-36.80
Net Debt / FCF Ratio	-2.03	-2.03	-2.01	-1.70	3.64	18.66
Asset Turnover	0.46	0.46	0.55	0.48	0.39	0.35
Quick Ratio	1.92	1.92	2.76	3.41	4.54	6.67
Current Ratio	1.98	1.98	2.86	3.50	4.74	6.78
Return on Equity (ROE)	-8.16%	-8.16%	-8.71%	-26.52%	-26.86%	-31.89%
Return on Assets (ROA)	-4.90%	-4.90%	-5.68%	-7.17%	-8.23%	-7.14%
Return on Invested Capital (ROIC)	-16.28%	-16.28%	-16.53%	-22.61%	-33.66%	-37.83%
Return on Capital Employed (ROCE)	-6.69%	-6.69%	-6.59%	-8.46%	-9.42%	-7.69%
Earnings Yield	-0.14%	-0.15%	-0.21%	-0.66%	-1.31%	-0.63%
FCF Yield	0.40%	0.41%	0.53%	0.50%	-0.13%	-0.07%
Buyback Yield / Dilution	-2.05%	-2.05%	-2.32%	-2.24%	-4.49%	-4.19%
Total Shareholder Return	-2.05%	-2.05%	-2.32%	-2.24%	-4.49%	-4.19%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q