Cloudflare (NET) Price to Sales (2019 - 2026)
Cloudflare's (NET) quarterly Price to Sales came in at 113.53 in Q2 2026, down 5.01% year-over-year from 119.52 in Q2 2025, and up 10.25% quarter-over-quarter from 102.98 in Q1 2026.
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Analysis
Cloudflare (NET) Price to Sales (2019 - 2026) Analysis & Trends
Cloudflare has disclosed Price to Sales across 8 years of filings, most recently posting 113.53 for Q2 2026.
- In Q2 2026, Price to Sales fell 5.01% year-over-year to 113.53; the TTM figure through Jun 2026 stood at 31.45 (down 3.35% YoY), while the FY2025 annual figure was 28.86, up 45.32% from the prior year.
- Price to Sales came in at 113.53 for Q2 2026 at Cloudflare, up from 102.98 in the prior quarter.
- In the past five years, Price to Sales ranged from a high of 158.2 in Q1 2022 to a low of 47.16 in Q4 2022.
- Average Price to Sales over 5 years is 81.53, with a median of 70.28 recorded in 2023.
- Year-over-year, Price to Sales plunged 75.0% in 2022 and soared 109.51% in 2025.
- Over 5 years, Price to Sales stood at 47.16 in 2022, then jumped by 45.18% to 68.47 in 2023, then grew by 5.27% to 72.08 in 2024, then jumped by 41.23% to 101.8 in 2025, then gained by 11.52% to 113.53 in 2026.
- Per Business Quant data, the three most recent Price to Sales figures were 113.53 in Q2 2026, 102.98 in Q1 2026, and 101.8 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 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();