Cloudflare, Inc. (NET)

NYSE: NET · Real-Time Price · USD

268.75

+24.24 (9.91%)

At close: Nov 6, 2026, 4:00 PM EST

269.32

+0.57 (0.21%)

After-hours: Nov 6, 2026, 7:59 PM EST

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	Nov '26 Nov 6, 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	96,318	69,058	36,955	27,956	14,857	42,310
Market Cap Growth	20.33%	86.87%	32.19%	88.17%	-64.89%	81.18%
Enterprise Value	95,897	68,516	36,582	27,801	14,788	41,744
Last Close Price	268.75	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	Nov '26 Nov 6, 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	154.20	176.23	137.82	161.73	286.04	-
PS Ratio	35.24	31.85	22.13	21.56	15.23	64.45
PB Ratio	65.73	47.33	35.32	36.64	23.81	52.15
P/TBV Ratio	92.54	58.00	43.83	46.95	33.51	53.79
P/FCF Ratio	272.86	245.75	204.74	208.74	-	-
P/OCF Ratio	141.30	114.50	97.14	109.89	120.21	654.46
PEG Ratio	3.10	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	Nov '26 Nov 6, 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	35.09	31.60	21.91	21.44	15.16	63.59
EV/FCF Ratio	271.67	243.82	202.67	207.59	-	-

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 6, 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	3.21	2.41	1.40	1.88	2.53	1.59
Debt / EBITDA Ratio	61.25	130.94	108.88	-	-	-
Debt / FCF Ratio	13.34	12.52	8.11	10.72	-	-
Net Debt / Equity Ratio	-0.29	-0.40	-0.37	-0.31	-0.12	-0.65
Net Debt / EBITDA Ratio	65.36	14.74	10.90	3.35	0.63	6.48
Net Debt / FCF Ratio	-1.19	-2.07	-2.18	-1.78	3.64	18.66
Asset Turnover	0.41	0.46	0.55	0.49	0.39	0.35
Quick Ratio	3.66	1.92	2.76	3.41	4.54	6.67
Current Ratio	3.80	1.98	2.86	3.50	4.75	6.78
Return on Equity (ROE)	-17.00%	-8.16%	-8.71%	-26.52%	-26.95%	-31.97%
Return on Assets (ROA)	-2.00%	-2.65%	-2.87%	-4.34%	-4.97%	-4.24%
Return on Capital Employed (ROCE)	-3.50%	-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	Nov '26 Nov 6, 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	-0.25%	-0.15%	-0.21%	-0.66%	-1.30%	-0.61%
FCF Yield	0.37%	0.41%	0.49%	0.48%	-0.14%	-0.07%
Buyback Yield / Dilution	40.88%	-2.05%	-2.32%	-2.24%	-4.49%	-4.18%

SEC Filings: 10-K · 10-Q