Cloudflare (NET) Return on Assets [ROA] (2019 - 2026)
Cloudflare (NET) reported Return on Assets [ROA] of -3.26% for Q2 2026, down 0.74 percentage points from -2.52% a year earlier and down 1.84 percentage points from the prior quarter.
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Analysis
Cloudflare (NET) Return on Assets [ROA] (2019 - 2026) Analysis & Trends
For FY2025, Cloudflare posted Return on Assets [ROA] of -2.19%, up 0.41 percentage points from FY2024.
- Return on Assets [ROA] has increased for four consecutive years, with a five-year change of +8.61 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at -2.60% in FY2024 (+4.28 pp), -6.88% in FY2023 (+0.92 pp), -7.80% in FY2022 (+6.08 pp) and -13.87% in FY2021 (-3.08 pp).
- The Q2 2026 figure ranks as the lowest quarterly Return on Assets [ROA] since Q2 2024.
- Year over year, Return on Assets [ROA] gained in seven of the last eight quarters, with an average year-over-year change of +2.08 percentage points.
- The high point for year-over-year Return on Assets [ROA] in five years was Q2 2024 (a gain of 4.93 percentage points); the low point was Q3 2021 (a drop of 3.23 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -1.42% (Q1 2026), -1.73% (Q4 2025) and -1.82% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,944.62 Bn | 3,880.11 Bn | 62.56 Bn | 18.55% |
| 2 | International Business Machines | 231.10 Bn | 185.71 Bn | 9.71 Bn | 7.27% |
| 3 | Equinix | 100.11 Bn | 88.01 Bn | 1.31 Bn | 3.85% |
| 4 | Cloudflare | 96.02 Bn | 78.46 Bn | 557.23 Mn | -3.37% |
| 5 | Nebius | 31.44 Bn | 4.87 Bn | 448.70 Mn | 0.25% |
| 6 | Verisign | 27.82 Bn | 25.17 Bn | 393.20 Mn | 55.13% |
| 7 | CoreWeave | 25.57 Bn | 12.66 Bn | 1.70 Bn | -2.91% |
| 8 | Nutanix | 15.68 Bn | 7.37 Bn | 651.35 Mn | 35.49% |
| 9 | GoDaddy | 14.30 Bn | 9.69 Bn | 843.00 Mn | 12.09% |
| 10 | Akamai Technologies | 12.01 Bn | 5.41 Bn | 613.75 Mn | 3.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -3.37% |
| Jun 30, 2026 | -3.26% |
| Mar 31, 2026 | -1.42% |
| Dec 31, 2025 | -1.73% |
| Sep 30, 2025 | -1.82% |
| Jun 30, 2025 | -2.52% |
| Mar 31, 2025 | -2.33% |
| Dec 31, 2024 | -2.48% |
| Sep 30, 2024 | -3.14% |
| Jun 30, 2024 | -3.57% |
| Mar 31, 2024 | -6.53% |
| Dec 31, 2023 | -6.88% |
| Sep 30, 2023 | -7.89% |
| Jun 30, 2023 | -8.50% |
| Mar 31, 2023 | -7.23% |
| Dec 31, 2022 | -7.62% |
| Sep 30, 2022 | -9.07% |
| Jun 30, 2022 | -12.02% |
| Mar 31, 2022 | -11.08% |
| Dec 31, 2021 | -11.11% |
API Access
Cloudflare Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();