Cloudflare (NET) Return on Capital Employed (2019 - 2026)

Cloudflare has disclosed Return on Capital Employed across 8 years of filings, most recently posting 5.85% for Q1 2026.

• Return on Capital Employed for Q1 2026 came in at 5.85%, down 15.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.85% (down 15.0% YoY), and the FY2025 annual result was 8.94%, down 202.0% from the prior year.
• Return on Capital Employed came in at 5.85% for Q1 2026 at Cloudflare, down from 5.82% in the prior quarter.
• In the past five years, Return on Capital Employed ranged from a high of 4.92% in Q2 2025 to a low of 9.55% in Q1 2023.
• The 5-year median for Return on Capital Employed is 7.57% (2024), against an average of 7.52%.
• Across the five-year window, Return on Capital Employed plunged 318 bps in 2022 and surged 303 bps in 2025, its largest moves.
• Cloudflare's Return on Capital Employed stood at 9.4% in 2022, then gained by 6 bps to 8.8% in 2023, then climbed by 26 bps to 6.48% in 2024, then advanced by 10 bps to 5.82% in 2025, then declined by 1 bps to 5.85% in 2026.
• The last three Return on Capital Employed figures came in at 5.85% (Q1 2026), 5.82% (Q4 2025), and 5.58% (Q3 2025), per Business Quant data.