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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 - 2025)

Cloudflare's Net Margin history spans 8 years, with the latest figure at 1.96% for Q4 2025.

  • For Q4 2025, Net Margin rose 83.0% year-over-year to 1.96%; the TTM value through Dec 2025 reached 4.72%, changed 0.0%, while the annual FY2025 figure was 4.72%, 0.0% changed from the prior year.
  • Net Margin for Q4 2025 was 1.96% at Cloudflare, down from 0.23% in the prior quarter.
  • Across five years, Net Margin topped out at 0.23% in Q3 2025 and bottomed at 62.28% in Q3 2021.
  • The 5-year median for Net Margin is 11.49% (2023), against an average of 16.63%.
  • The largest annual shift saw Net Margin tumbled -3909bps in 2021 before it skyrocketed 4552bps in 2022.
  • A 5-year view of Net Margin shows it stood at 40.01% in 2021, then surged by 58bps to 16.72% in 2022, then skyrocketed by 54bps to 7.69% in 2023, then soared by 64bps to 2.8% in 2024, then increased by 30bps to 1.96% in 2025.
  • Per Business Quant, the three most recent readings for NET's Net Margin are 1.96% (Q4 2025), 0.23% (Q3 2025), and 9.85% (Q2 2025).