Cloudflare (NET) Equity Ratio (2018 - 2026)
Cloudflare's (NET) quarterly Equity Ratio came in at 0.25 in Q1 2026, down 35.36% year-on-year from 0.38 in Q1 2025, and up 2.46% quarter-over-quarter from 0.24 in Q4 2025.
Cloudflare (NET) Equity Ratio (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Equity Ratio across 9 years of filings, most recently posting 0.25 for Q1 2026.
- Equity Ratio for Q1 2026 came in at 0.25, down 35.36% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.25 (down 35.36% YoY), and the FY2025 annual result was 0.24, down 23.73% from the prior year.
- Equity Ratio came in at 0.25 for Q1 2026 at Cloudflare, up from 0.24 in the prior quarter.
- In the past five years, Equity Ratio ranged from a high of 0.38 in Q1 2025 to a low of 0.22 in Q1 2022.
- The 5-year median for Equity Ratio is 0.25 (2026), against an average of 0.27.
- Across the five-year window, Equity Ratio slumped 61.72% in 2022 and soared 34.66% in 2025, its largest moves.
- Cloudflare's Equity Ratio stood at 0.24 in 2022, then advanced by 14.67% to 0.28 in 2023, then rose by 14.62% to 0.32 in 2024, then retreated by 23.73% to 0.24 in 2025, then climbed by 2.46% to 0.25 in 2026.
- The last three Equity Ratio figures came in at 0.25 (Q1 2026), 0.24 (Q4 2025), and 0.23 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 0.60 |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 0.16 |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 0.83 |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 0.38 |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 0.40 |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 0.10 |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 0.65 |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 0.25 |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 0.09 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.25 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | 0.23 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.38 |
| Dec 31, 2024 | 0.32 |
| Sep 30, 2024 | 0.32 |
| Jun 30, 2024 | 0.30 |
| Mar 31, 2024 | 0.28 |
| Dec 31, 2023 | 0.28 |
| Sep 30, 2023 | 0.27 |
| Jun 30, 2023 | 0.25 |
| Mar 31, 2023 | 0.24 |
| Dec 31, 2022 | 0.24 |
| Sep 30, 2022 | 0.24 |
| Jun 30, 2022 | 0.24 |
| Mar 31, 2022 | 0.22 |
| Dec 31, 2021 | 0.34 |
| Sep 30, 2021 | 0.37 |
| Jun 30, 2021 | 0.55 |