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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) Gross Margin (2018 - 2025)

Cloudflare (NET) has disclosed Gross Margin for 8 consecutive years, with 73.64% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 273.0% to 73.64% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 74.51% through Dec 2025, down 280.0% year-over-year, with the annual reading at 74.51% for FY2025, 280.0% down from the prior year.
  • Gross Margin hit 73.64% in Q4 2025 for Cloudflare, roughly flat from 73.97% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 78.23% in Q3 2021 to a low of 73.64% in Q4 2025.
  • Historically, Gross Margin has averaged 76.39% across 5 years, with a median of 76.55% in 2023.
  • Biggest five-year swings in Gross Margin: skyrocketed 219bps in 2024 and later tumbled -372bps in 2025.
  • Year by year, Gross Margin stood at 78.05% in 2021, then fell by -3bps to 75.32% in 2022, then increased by 2bps to 77.02% in 2023, then fell by -1bps to 76.37% in 2024, then dropped by -4bps to 73.64% in 2025.
  • Business Quant data shows Gross Margin for NET at 73.64% in Q4 2025, 73.97% in Q3 2025, and 74.88% in Q2 2025.