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Gross margin at other companies

Microsoft logo
MicrosoftMSFT
68.3%-0.8pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
F5, Inc. logo
F5, Inc.FFIV
81.5%+0.6pp
Akamai Technologies logo
Akamai TechnologiesAKAM
58.3%-0.8pp
Zscaler logo
ZscalerZS
76.7%-0.7pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$639.8M+33.5%
Gross profit$455.6M+25.3%
Operating income-$62.0M-16.4%
Net income-$22.9M+40.4%
EPS (diluted)-$0.07+36.4%

Balance sheet

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Cash & equivalents$944.4M+347%
Total debt$256.7M+36.9%
Total equity$1.5B+7.1%
Total assets$6.2B+65.6%

Cash flow

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Operating cash flow$158.3M+8.6%
CapEx$65.2M-24.1%
Free cash flow$93.1M+55.4%

Valuation

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Market cap$80.53B+86.8%
Enterprise value$79.84B+85.1%
P/S34.6×+10.2×

Profitability

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Operating margin-9.3%+0.7pp
Net margin-3.7%-0.6pp

Returns & leverage

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Return on equity-5.9%-1.0pp
Debt / equity0.2×0.0×
Current ratio-1.2×

Where this comes from

Calculated from Cloudflare, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Cloudflare, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cloudflare, Inc.'s gross margin?
Cloudflare, Inc. (NET) reported gross margin of 73.3% in Q1 2026.
How has Cloudflare, Inc.'s gross margin changed year-over-year?
Cloudflare, Inc.'s gross margin decreased by 4.6% year-over-year, from 76.9% to 73.3%.
What is the long-term trend for Cloudflare, Inc.'s gross margin?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s gross margin has grown at a -0.4% compound annual growth rate (CAGR), from 308.2% to 302.7%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.