Cloudflare (NET) Return on Equity [ROE] (2019 - 2026)
Cloudflare (NET) posted Return on Equity [ROE] of -13.11% for Q2 2026, down 4.32 percentage points from -8.79% a year earlier and down 7.30 percentage points from the prior quarter.
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Analysis
Cloudflare (NET) Return on Equity [ROE] (2019 - 2026) Analysis & Trends
For FY2025, Cloudflare's Return on Equity [ROE] came in at -8.16%, up 0.55 percentage points from FY2024.
- Annual Return on Equity [ROE] has increased for four consecutive years, with a five-year change of +7.31 percentage points (FY2020 to FY2025).
- In prior years, Cloudflare's Return on Equity [ROE] was -8.71% in FY2024 (+17.81 pp), -26.52% in FY2023 (+0.42 pp), -26.95% in FY2022 (+5.03 pp) and -31.97% in FY2021 (-16.50 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Equity [ROE] since Q1 2024.
- On a year-over-year basis, Return on Equity [ROE] increased in seven of the last eight quarters, with an average year-over-year change of +7.07 percentage points.
- The strongest year-over-year quarter for Return on Equity [ROE] in the past five years was Q2 2024, with a gain of 21.99 percentage points; the weakest was Q2 2022, with a drop of 35.93 percentage points.
- According to Business Quant data, Return on Equity [ROE] for the three prior quarters was -5.81% (Q1 2026), -7.29% (Q4 2025) and -7.97% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 31.22% |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 31.73% |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | -13.11% |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 10.67% |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 0.70% |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | -39.41% |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | - |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 8.51% |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 25.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.11% |
| Mar 31, 2026 | -5.81% |
| Dec 31, 2025 | -7.29% |
| Sep 30, 2025 | -7.97% |
| Jun 30, 2025 | -8.79% |
| Mar 31, 2025 | -6.61% |
| Dec 31, 2024 | -7.81% |
| Sep 30, 2024 | -10.12% |
| Jun 30, 2024 | -12.16% |
| Mar 31, 2024 | -23.27% |
| Dec 31, 2023 | -25.17% |
| Sep 30, 2023 | -30.13% |
| Jun 30, 2023 | -34.15% |
| Mar 31, 2023 | -29.78% |
| Dec 31, 2022 | -31.76% |
| Sep 30, 2022 | -38.31% |
| Jun 30, 2022 | -52.87% |
| Mar 31, 2022 | -39.45% |
| Dec 31, 2021 | -31.28% |
| Sep 30, 2021 | -26.22% |
API Access
Cloudflare Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();