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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Cloudflare (NET) FCF Margin (2018 - 2025)

Cloudflare's FCF Margin history spans 8 years, with the latest figure at 64.2% for Q4 2025.

  • For Q4 2025, FCF Margin rose 6883.0% year-over-year to 64.2%; the TTM value through Dec 2025 reached 26.6%, up 1490.0%, while the annual FY2025 figure was 26.6%, 1490.0% up from the prior year.
  • FCF Margin for Q4 2025 was 64.2% at Cloudflare, up from 2.17% in the prior quarter.
  • Across five years, FCF Margin topped out at 64.2% in Q4 2025 and bottomed at 30.3% in Q3 2021.
  • The 5-year median for FCF Margin is 8.24% (2022), against an average of 10.33%.
  • The largest annual shift saw FCF Margin crashed -5527bps in 2021 before it skyrocketed 6883bps in 2025.
  • A 5-year view of FCF Margin shows it stood at 6.34% in 2021, then soared by 776bps to 55.55% in 2022, then plummeted by -73bps to 15.07% in 2023, then plummeted by -131bps to 4.64% in 2024, then soared by 1484bps to 64.2% in 2025.
  • Per Business Quant, the three most recent readings for NET's FCF Margin are 64.2% (Q4 2025), 2.17% (Q3 2025), and 18.49% (Q2 2025).