Cloudflare (NET) Price to Sales (2019 - 2026)
Cloudflare's Price to Sales was 31.45 in Q2 2026, down 3.4% from 32.55 a year earlier but up 11.2% from the prior quarter.
Powered by 
Analysis
Cloudflare (NET) Price to Sales (2019 - 2026) Analysis & Trends
For FY2025, Price to Sales at Cloudflare came in at 28.86, up 45.3% from FY2024.
- Price to Sales has now increased for three consecutive years.
- In earlier years, Price to Sales was 19.86 in FY2024 (+3.7%), 19.14 in FY2023 (+44.1%), 13.28 in FY2022 (-76.1%) and 55.63 in FY2021 (+2.2%).
- Quarterly Price to Sales has moved between 13.28 (Q4 2022) and 55.63 (Q4 2021) over five years.
- Compared with a year earlier, Price to Sales was higher in six of the last eight quarters, with growth averaging 36.2%.
- The best year-over-year quarter for Price to Sales over five years was Q3 2025 (growth of 113.8%); the worst was Q4 2022 (a decline of 76.1%).
- Per Business Quant data, NET's Price to Sales in the three quarters before Q2 2026 was 28.29 (Q1 2026), 28.86 (Q4 2025) and 33.59 (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 | 31.45 |
| Mar 31, 2026 | 28.29 |
| Dec 31, 2025 | 28.86 |
| Sep 30, 2025 | 33.59 |
| Jun 30, 2025 | 32.55 |
| Mar 31, 2025 | 19.73 |
| Dec 31, 2024 | 19.86 |
| Sep 30, 2024 | 15.71 |
| Jun 30, 2024 | 17.00 |
| Mar 31, 2024 | 21.04 |
| Dec 31, 2023 | 19.14 |
| Sep 30, 2023 | 15.42 |
| Jun 30, 2023 | 16.92 |
| Mar 31, 2023 | 16.94 |
| Dec 31, 2022 | 13.28 |
| Sep 30, 2022 | 17.58 |
| Jun 30, 2022 | 15.22 |
| Mar 31, 2022 | 45.95 |
| Dec 31, 2021 | 55.63 |
| Sep 30, 2021 | 52.34 |
API Access
Cloudflare Price to Sales 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-sales&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();