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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) Return on Capital Employed (2019 - 2026)

Cloudflare has reported Return on Capital Employed over the past 8 years, most recently at 5.85% for Q1 2026.

  • Quarterly results put Return on Capital Employed at 5.85% for Q1 2026, down 15.0% from a year ago — trailing twelve months through Mar 2026 was 5.85% (down 15.0% YoY), and the annual figure for FY2025 was 8.94%, down 202.0%.
  • Return on Capital Employed reached 5.85% in Q1 2026 per NET's latest filing, down from 5.82% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 4.92% in Q2 2025 and bottomed at 9.55% in Q1 2023.
  • Median Return on Capital Employed over the past 5 years was 7.57% (2024), compared with a mean of 7.52%.
  • The largest annual shift saw Return on Capital Employed tumbled -318bps in 2022 before it surged 303bps in 2025.
  • Over 5 years, Return on Capital Employed stood at 9.4% in 2022, then grew by 6bps to 8.8% in 2023, then rose by 26bps to 6.48% in 2024, then increased by 10bps to 5.82% in 2025, then decreased by -1bps to 5.85% in 2026.
  • Business Quant data shows Return on Capital Employed for NET at 5.85% in Q1 2026, 5.82% in Q4 2025, and 5.58% in Q3 2025.