Cloudflare (NET) Return on Capital Employed (2019 - 2026)
Cloudflare (NET) reported Return on Capital Employed of 5.85% for Q1 2026, down 15.0% year-over-year from 6.89% in Q1 2025, and down 0.59% sequentially from 5.82% in Q4 2025.
Cloudflare (NET) Return on Capital Employed (2019 - 2026) Analysis & Trends
Cloudflare's Return on Capital Employed history runs 8 years deep, the most recent figure standing at 5.85% for Q1 2026.
- Quarterly Return on Capital Employed fell 15.0% year-over-year to 5.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.85% (down 15.0% YoY) and the FY2025 annual result came in at 8.94%, down 202.0% from the prior year.
- Return on Capital Employed was 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.
- Median Return on Capital Employed over the past 5 years was 7.57% (2024), compared with a mean of 7.52%.
- Across the five-year window, Return on Capital Employed tumbled 318 bps in 2022 and jumped 303 bps in 2025, its largest moves.
- Over 5 years, Return on Capital Employed stood at 9.4% in 2022, then rose by 6 bps to 8.8% in 2023, then advanced by 26 bps to 6.48% in 2024, then gained by 10 bps to 5.82% in 2025, then dropped by 1 bps to 5.85% in 2026.
- Business Quant data shows NET's Return on Capital Employed at 5.85% in Q1 2026, 5.82% in Q4 2025, and 5.58% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -36.00% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 27.43% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 24.39% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 8.75% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | -4.62% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 9.73% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 40.10% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -5.85% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 1.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.85% |
| Dec 31, 2025 | -5.82% |
| Sep 30, 2025 | -5.58% |
| Jun 30, 2025 | -4.92% |
| Mar 31, 2025 | -5.70% |
| Dec 31, 2024 | -6.48% |
| Sep 30, 2024 | -6.94% |
| Jun 30, 2024 | -7.57% |
| Mar 31, 2024 | -8.74% |
| Dec 31, 2023 | -8.80% |
| Sep 30, 2023 | -9.28% |
| Jun 30, 2023 | -9.41% |
| Mar 31, 2023 | -9.55% |
| Dec 31, 2022 | -9.40% |
| Sep 30, 2022 | -8.95% |
| Jun 30, 2022 | -8.28% |
| Mar 31, 2022 | -6.54% |
| Dec 31, 2021 | -6.21% |
| Sep 30, 2021 | -6.73% |
| Jun 30, 2021 | -8.66% |