Growth Metrics

Cloudflare (NET) Equity Ratio (2018 - 2025)

Cloudflare's Equity Ratio history spans 8 years, with the latest figure at 0.24 for Q4 2025.

  • For Q4 2025, Equity Ratio fell 23.73% year-over-year to 0.24; the TTM value through Dec 2025 reached 0.24, down 23.73%, while the annual FY2025 figure was 0.24, 23.73% down from the prior year.
  • Equity Ratio for Q4 2025 was 0.24 at Cloudflare, up from 0.22 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.57 in Q1 2021 and bottomed at 0.22 in Q1 2022.
  • The 5-year median for Equity Ratio is 0.28 (2023), against an average of 0.31.
  • The largest annual shift saw Equity Ratio plummeted 61.72% in 2022 before it skyrocketed 34.66% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.34 in 2021, then fell by 29.51% to 0.24 in 2022, then rose by 14.67% to 0.28 in 2023, then grew by 14.62% to 0.32 in 2024, then decreased by 23.73% to 0.24 in 2025.
  • Per Business Quant, the three most recent readings for NET's Equity Ratio are 0.24 (Q4 2025), 0.22 (Q2 2025), and 0.38 (Q1 2025).