Cloudflare (NET) Return on Capital Employed (2019 - 2026)
Cloudflare (NET) posted Return on Capital Employed of 5.85% for Q1 2026, down 0.59% sequentially from 5.82% in Q4 2025, and down 15.0% YoY from 6.89% in Q1 2025.
Cloudflare (NET) Return on Capital Employed (2019 - 2026) Analysis & Trends
Cloudflare has reported Return on Capital Employed for 8 years, with the latest figure at 5.85% in 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 slipped to 5.85% in Q1 2026 per NET's latest filing, from 5.82% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 4.92% in Q2 2025 and troughed at 9.55% in Q1 2023.
- A 5-year average of 7.52% and a median of 7.57% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2025: Return on Capital Employed plunged 318 bps in 2022, then jumped 303 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 9.4% in 2022, then climbed by 6 bps to 8.8% in 2023, then increased by 26 bps to 6.48% in 2024, then grew by 10 bps to 5.82% in 2025, then retreated by 1 bps to 5.85% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 5.85%, 5.82%, and 5.58% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 27.85% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 9.73% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 28.02% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 4.02% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 26.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -9.60% |
| 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% |