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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) Net Margin (2018 - 2026)

Cloudflare has reported Net Margin over the past 9 years, most recently at 3.58% for Q1 2026.

  • Quarterly results put Net Margin at 3.58% for Q1 2026, up 445.0% from a year ago — trailing twelve months through Mar 2026 was 3.73% (up 89.0% YoY), and the annual figure for FY2025 was 4.72%, changed 0.0%.
  • Net Margin reached 3.58% in Q1 2026 per NET's latest filing, down from 1.96% in the prior quarter.
  • Across five years, Net Margin topped out at 0.23% in Q3 2025 and bottomed at 30.63% in Q2 2023.
  • Median Net Margin over the past 5 years was 8.03% (2025), compared with a mean of 10.69%.
  • The largest annual shift saw Net Margin soared 4552bps in 2022 before it crashed -611bps in 2025.
  • Over 5 years, Net Margin stood at 16.71% in 2022, then soared by 54bps to 7.69% in 2023, then surged by 64bps to 2.8% in 2024, then grew by 30bps to 1.96% in 2025, then plummeted by -82bps to 3.58% in 2026.
  • Business Quant data shows Net Margin for NET at 3.58% in Q1 2026, 1.96% in Q4 2025, and 0.23% in Q3 2025.