Cloudflare (NET) Price to FCF (2023 - 2026)
Cloudflare's (NET) Price to FCF stood at 226.81 in Q2 2026, down 22.8% from 293.71 a year earlier but up 10.4% from the prior quarter.
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Analysis
Cloudflare (NET) Price to FCF (2023 - 2026) Analysis & Trends
For FY2025, Cloudflare's Price to FCF came in at 217.60, up 28.2% from FY2024.
- Across earlier years, Price to FCF came in at 169.68 in FY2024 (-4.3%) and 177.27 in FY2023.
- Quarterly Price to FCF has ranged from 126.12 in Q3 2024 to 303.40 in Q1 2023 over the past five years.
- On a year-over-year basis, Price to FCF rose in four of the last eight quarters, with growth averaging 30.2%.
- Peak year-over-year performance for Price to FCF in the last five years was growth of 126.8% in Q3 2025, against a decline of 40.9% in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 205.42 (Q1 2026), 217.60 (Q4 2025) and 286.05 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 226.81 |
| Mar 31, 2026 | 205.42 |
| Dec 31, 2025 | 217.60 |
| Sep 30, 2025 | 286.05 |
| Jun 30, 2025 | 293.71 |
| Mar 31, 2025 | 163.42 |
| Dec 31, 2024 | 169.68 |
| Sep 30, 2024 | 126.12 |
| Jun 30, 2024 | 137.93 |
| Mar 31, 2024 | 179.20 |
| Dec 31, 2023 | 177.27 |
| Sep 30, 2023 | 151.08 |
| Jun 30, 2023 | 228.89 |
| Mar 31, 2023 | 303.40 |
API Access
Cloudflare Price to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-fcf&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-fcf&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();