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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 Invested Capital (2019 - 2025)

Cloudflare's Return on Invested Capital history spans 7 years, with the latest figure at 0.15% for Q2 2025.

  • For Q2 2025, Return on Invested Capital rose 7.0% year-over-year to 0.15%; the TTM value through Jun 2025 reached 0.15%, up 7.0%, while the annual FY2025 figure was 0.12%, 7.0% up from the prior year.
  • Return on Invested Capital for Q2 2025 was 0.15% at Cloudflare, down from 0.14% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.12% in Q1 2021 and bottomed at 0.36% in Q3 2022.
  • The 5-year median for Return on Invested Capital is 0.22% (2022), against an average of 0.23%.
  • The largest annual shift saw Return on Invested Capital decreased -23bps in 2022 before it increased 12bps in 2025.
  • A 5-year view of Return on Invested Capital shows it stood at 0.16% in 2021, then plummeted by -110bps to 0.33% in 2022, then grew by 22bps to 0.26% in 2023, then skyrocketed by 35bps to 0.17% in 2024, then rose by 11bps to 0.15% in 2025.
  • Per Business Quant, the three most recent readings for NET's Return on Invested Capital are 0.15% (Q2 2025), 0.14% (Q1 2025), and 0.17% (Q4 2024).