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Price / book at other companies

Microsoft logo
MicrosoftMSFT
6.6×-2.0×
Amazon logo
AmazonAMZN
5.1×-1.5×
Akamai Technologies logo
Akamai TechnologiesAKAM
3.4×+0.8×
Zscaler logo
ZscalerZS
8.9×-9.1×
Fortinet logo
FortinetFTNT
61.1×+23.4×
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$79.53B+86.8%
Enterprise value$78.84B+85.1%
P/S34.2×+10.1×

Profitability

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Gross margin73.3%-3.6pp
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 the most recent quarter.

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 price / book?
Cloudflare, Inc. (NET) reported price / book of 47.6× in Q1 2026.
How has Cloudflare, Inc.'s price / book changed year-over-year?
Cloudflare, Inc.'s price / book increased by 74.4% year-over-year, from 27.3× to 47.6×.
What is the long-term trend for Cloudflare, Inc.'s price / book?
Over 4 years (2021 to 2025), Cloudflare, Inc.'s price / book has grown at a 2.5% compound annual growth rate (CAGR), from 165.3× to 182.2×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.