Cloudflare, Inc. (NET) Overview
Technology • NYSE • CIK 0001477333
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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Market Cap
$114.14B
P/E (TTM)
-477.5x
Rev Growth (TTM)
+35.7%
Net Margin (TTM)
-8.7%
FCF Yield (TTM)
0.3%
FCF Margin (TTM)
11.8%
Figures as of September 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.
10-Q2026 Q32026-11-05source
8-KEarnings2026-11-05source
8-KAug 20262026-08-13source
10-Q2026 Q22026-08-06source
8-KEarnings2026-08-06source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q3
11 days ago
8-K releaseRevenue
$782.51M
+39.2%
Net Income
$-34.06M
—
EPS
$-0.10
—
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow8/8 positive
TTM$322.0M
Q3 '26
$82.1M+46%
Q2 '26
$56.4M-33%
FCF Margin
TTM11.8%
Q3 '2610.5%+29%
Sector: 10.3%Above Avg
OCF Margin
24.9%
OCF/NI-2.85x
CapEx Coverage
2.1x
FCF Yield0.3%
FCF Growth (3Y)+46%
Cash Conversion Cycle
3 days
DSO: 53+DIO: –−DPO: 50
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder Yield
TTM0.0%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Free Cash Flow (TTM)$322.0M
Stock Repurchases ()$0
Capital Return / FCF0.0%
Shares Outstanding (YoY)2.3%↑ Dilution
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
-477.5x
8Q: -758.7x+92079%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
-477.5x
vs – sector
Cash Flow
352.4x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
–P/E per %ROIC
ROIC: -8.2%
Shareholder Returns
Dividend
–
Buyback
–
Total Yield
–
Market Cap$114.14B
EV$113.45B
Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 25th pctile
Profitability Cascade
Gross
71.9%
Operating
-14.1%
Below Avg in sector
Net
-8.7%
Margins Unknown
Return on Invested CapitalTTM
-8.2%
Stable
-0.0% YoY8Q: -6.7%-2.6%
P25MedianP75
25th pctl (med: 4.4%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-14.8%
8Q: -10.6%
Asset Turnover
0.43x
8Q: 0.44x
Leverage (1+D/E)
4.03x
D/E: 3.03x
DuPont: -25.7% ≈ -8.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
4.12x
8Q:4.08x
+9.9%
Invested Cap Turn
0.73x
8Q:0.74x
Flat
CapEx Intensity
8.6%
8Q:9.4%
CapEx/Depreciation
0.87x
FCF vs Net Margin Gap+20.5 pts
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
Net Cash
Net Debt / EBITDA
Net Cash
(134.7x)Net Cash: $686.79M
Interest Coverage
-31.8x
+Net cash position: $686.79M
Leverage Metrics
Debt-to-Equity
3.03x
Balance sheet risk & solvency analysis
Related Research
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