Growth Metrics

Cloudflare (NET) EBT Margin (2018 - 2025)

Cloudflare (NET) has disclosed EBT Margin for 8 consecutive years, with 1.71% as the latest value for Q4 2025.

  • Quarterly EBT Margin rose 65.0% to 1.71% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 4.28% through Dec 2025, down 3.0% year-over-year, with the annual reading at 4.28% for FY2025, 3.0% down from the prior year.
  • EBT Margin hit 1.71% in Q4 2025 for Cloudflare, down from 0.33% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 0.33% in Q3 2025 to a low of 64.07% in Q3 2021.
  • Historically, EBT Margin has averaged 16.03% across 5 years, with a median of 10.95% in 2023.
  • Biggest five-year swings in EBT Margin: tumbled -3782bps in 2021 and later skyrocketed 4785bps in 2022.
  • Year by year, EBT Margin stood at 29.41% in 2021, then soared by 44bps to 16.33% in 2022, then soared by 56bps to 7.12% in 2023, then skyrocketed by 67bps to 2.36% in 2024, then increased by 27bps to 1.71% in 2025.
  • Business Quant data shows EBT Margin for NET at 1.71% in Q4 2025, 0.33% in Q3 2025, and 9.23% in Q2 2025.