Skip to content

Cloudflare, Inc. NET Return on invested capital

Return on invested capital at other companies

Microsoft logo
MicrosoftMSFT
26.7%-1.2pp
Amazon logo
AmazonAMZN
14%-3.8pp
Akamai Technologies logo
Akamai TechnologiesAKAM
7.9%-0.6pp
Zscaler logo
ZscalerZS
-7.2%-2.0pp
CoreWeave, Inc.
 logo
CoreWeave, Inc. CRWV
-0.7%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

See full
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

See full
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

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

Valuation

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

Profitability

See full
Gross margin73.3%-3.6pp
Operating margin-9.3%+0.7pp
Net margin-3.7%-0.6pp

Returns & leverage

See full
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 →

Ask your AI about Cloudflare, Inc.'s return on invested capital.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Cloudflare, Inc.'s return on invested capital?
Cloudflare, Inc. (NET) reported return on invested capital of -19.3% in Q1 2026.
How has Cloudflare, Inc.'s return on invested capital changed year-over-year?
Cloudflare, Inc.'s return on invested capital decreased by 31.2% year-over-year, from -14.7% to -19.3%.
What is the long-term trend for Cloudflare, Inc.'s return on invested capital?
Over 3 years (2021 to 2024), Cloudflare, Inc.'s return on invested capital has grown at a 7.1% compound annual growth rate (CAGR), from -73.4% to -90.3%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.