Cloudflare (NET) EBT Margin (2018 - 2026)
Cloudflare (NET) posted EBT Margin of 3.35% for Q1 2026, down 95.63% sequentially from 1.71% in Q4 2025, and up 433.0% YoY from 0.63% in Q1 2025.
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Analysis
Cloudflare (NET) EBT Margin (2018 - 2026) Analysis & Trends
Cloudflare has reported EBT Margin for 9 years, with the latest figure at 3.35% in Q1 2026.
- Quarterly EBT Margin rose 433.0% year-over-year to 3.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.32% (up 88.0% YoY) and the FY2025 annual result came in at 4.28%, down 3.0% from the prior year.
- EBT Margin fell to 3.35% in Q1 2026 per NET's latest filing, from 1.71% in the prior quarter.
- Over five years, EBT Margin peaked at 0.33% in Q3 2025 and troughed at 30.15% in Q2 2023.
- A 5-year average of 10.29% and a median of 7.67% in 2025 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2022 and 2025: EBT Margin jumped 4785 bps in 2022, then sank 576 bps in 2025.
- Over 5 years, EBT Margin stood at 16.33% in 2022, then soared by 56 bps to 7.12% in 2023, then jumped by 67 bps to 2.36% in 2024, then advanced by 27 bps to 1.71% in 2025, then plunged by 96 bps to 3.35% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 3.35%, 1.71%, and 0.33% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 48.94% |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 27.99% |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 55.87% |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | -5.20% |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 0.27% |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 35.17% |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | -24.13% |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 27.61% |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 4.56% |
| 10 | CoreWeave | 49.23 Bn | 43.69 Bn | 1.70 Bn | -21.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -24.13% |
| Mar 31, 2026 | -3.35% |
| Dec 31, 2025 | -1.71% |
| Sep 30, 2025 | 0.33% |
| Jun 30, 2025 | -9.23% |
| Mar 31, 2025 | -7.67% |
| Dec 31, 2024 | -2.36% |
| Sep 30, 2024 | -2.98% |
| Jun 30, 2024 | -3.47% |
| Mar 31, 2024 | -8.79% |
| Dec 31, 2023 | -7.12% |
| Sep 30, 2023 | -6.64% |
| Jun 30, 2023 | -30.15% |
| Mar 31, 2023 | -12.67% |
| Dec 31, 2022 | -16.33% |
| Sep 30, 2022 | -16.22% |
| Jun 30, 2022 | -27.17% |
| Mar 31, 2022 | -19.33% |
| Dec 31, 2021 | -29.41% |
| Sep 30, 2021 | -64.07% |