Cloudflare (NET) Ratios
Cloudflare Ratios
MX:NET's free cash flow for Q2 2026 was $56.38M. For the 2026 fiscal year, MX:NET's free cash flow was decreased by $-61.18M and operating cash flow was $117.56M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.98 | 2.86 | 3.50 | 4.74 | 6.77 |
| Quick Ratio | 1.98 | 2.86 | 3.50 | 4.74 | 6.77 |
| Cash Ratio | 0.40 | 0.19 | 0.15 | 0.51 | 1.09 |
| Solvency Ratio | 0.02 | 0.02 | 0.01 | -0.02 | -0.11 |
| Operating Cash Flow Ratio | 0.28 | 0.48 | 0.45 | 0.31 | 0.22 |
| Short-Term Operating Cash Flow Coverage | 0.49 | 0.00 | 0.00 | 0.00 | 5.34 |
| Net Current Asset Value | $ 67.70M | $ 14.04M | $ -13.64M | $ -76.06M | $ 397.15M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.61 | 0.44 | 0.52 | 0.61 | 0.55 |
| Debt-to-Equity Ratio | 2.54 | 1.40 | 1.88 | 2.53 | 1.59 |
| Debt-to-Capital Ratio | 0.72 | 0.58 | 0.65 | 0.72 | 0.61 |
| Long-Term Debt-to-Capital Ratio | 0.60 | 0.55 | 0.63 | 0.70 | 0.58 |
| Financial Leverage Ratio | 4.14 | 3.16 | 3.62 | 4.15 | 2.91 |
| Debt Service Coverage Ratio | 0.07 | 10.42 | 2.84 | -8.68 | -1.90 |
| Interest Coverage Ratio | -23.64 | -29.78 | -42.73 | -49.91 | -3.01 |
| Debt to Market Cap | 0.05 | 0.04 | 0.05 | 0.10 | 0.03 |
| Interest Debt Per Share | 10.65 | 4.30 | 4.32 | 4.85 | 4.30 |
| Net Debt to EBITDA | 26.06 | 21.20 | -31.64 | -14.90 | -7.82 |
| Profitability Margins | |||||
| Gross Profit Margin | 74.51% | 77.32% | 76.32% | 76.15% | 77.59% |
| EBIT Margin | -3.87% | -3.93% | -18.31% | -24.33% | -33.46% |
| EBITDA Margin | 4.88% | 3.72% | -3.29% | -9.45% | -19.07% |
| Operating Profit Margin | -9.56% | -9.27% | -19.35% | -25.51% | -22.58% |
| Pretax Profit Margin | -4.28% | -4.24% | -18.76% | -24.84% | -40.96% |
| Net Profit Margin | -4.72% | -4.72% | -14.19% | -19.83% | -39.66% |
| Continuous Operations Profit Margin | -4.72% | -4.72% | -14.19% | -19.83% | -39.66% |
| Net Income Per EBT | 110.31% | 111.19% | 75.62% | 79.83% | 96.81% |
| EBT Per EBIT | 44.74% | 45.79% | 96.96% | 97.38% | 181.42% |
| Return on Assets (ROA) | -1.69% | -2.39% | -6.67% | -7.47% | -10.97% |
| Return on Equity (ROE) | -7.01% | -7.53% | -24.11% | -30.99% | -31.91% |
| Return on Capital Employed (ROCE) | -5.62% | -6.17% | -11.44% | -11.36% | -7.11% |
| Return on Invested Capital (ROIC) | -4.10% | -6.06% | -8.50% | -8.93% | -6.77% |
| Return on Tangible Assets | -1.77% | -2.54% | -7.10% | -8.03% | -11.09% |
| Earnings Yield | -0.15% | -0.21% | -0.66% | -1.31% | -0.63% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.34 | 5.01 | 5.00 | 6.22 | 6.46 |
| Payables Turnover | 6.57 | 3.58 | 5.71 | 6.53 | 5.64 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 2.53 | 2.63 | 2.81 | 2.33 | 2.09 |
| Asset Turnover | 0.36 | 0.51 | 0.47 | 0.38 | 0.28 |
| Working Capital Turnover Ratio | 1.15 | 1.15 | 0.89 | 0.62 | 0.49 |
| Cash Conversion Cycle | 12.79 | -29.11 | 9.11 | 2.83 | -8.21 |
| Days of Sales Outstanding | 68.36 | 72.87 | 72.99 | 58.70 | 56.51 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 55.57 | 101.98 | 63.88 | 55.87 | 64.71 |
| Operating Cycle | 68.36 | 72.87 | 72.99 | 58.70 | 56.51 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.91 | 1.11 | 0.76 | 0.38 | 0.21 |
| Free Cash Flow Per Share | 0.93 | 0.57 | 0.36 | -0.12 | -0.14 |
| Dividend Paid and CapEx Coverage Ratio | 1.95 | 2.06 | 1.89 | 0.76 | 0.60 |
| Capital Expenditure Coverage Ratio | 1.95 | 2.06 | 1.89 | 0.76 | 0.60 |
| Operating Cash Flow Coverage Ratio | 0.18 | 0.26 | 0.18 | 0.08 | 0.05 |
| Operating Cash Flow to Sales Ratio | 0.31 | 0.23 | 0.20 | 0.13 | 0.10 |
| Free Cash Flow Yield | 0.47% | 0.53% | 0.43% | -0.27% | -0.10% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | -679.83 | -468.17 | -151.02 | -76.29 | -157.77 |
| Price-to-Sales (P/S) Ratio | 31.69 | 22.02 | 21.42 | 15.13 | 62.57 |
| Price-to-Book (P/B) Ratio | 47.08 | 35.14 | 36.41 | 23.64 | 50.34 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 211.80 | 188.15 | 232.54 | -370.98 | -953.13 |
| Price-to-Operating Cash Flow Ratio | 103.01 | 96.64 | 109.20 | 119.37 | 635.29 |
| Price-to-Earnings Growth (PEG) Ratio | -26.06 | 8.05 | 22.28 | 2.64 | -1.47 |
| Enterprise Value Multiple | 675.30 | 613.71 | -683.51 | -175.03 | -335.93 |
| Enterprise Value | 71.45B | 38.08B | 29.13B | 16.13B | 42.05B |
| EV to EBITDA | 675.30 | 613.71 | -683.51 | -175.03 | -335.93 |
| EV to Sales | 32.96 | 22.81 | 22.46 | 16.54 | 64.06 |
| EV to Free Cash Flow | 220.30 | 194.88 | 243.83 | -405.50 | -975.86 |
| EV to Operating Cash Flow | 107.14 | 100.09 | 114.50 | 130.48 | 650.44 |
| Tangible Book Value Per Share | 3.42 | 2.47 | 1.78 | 1.36 | 2.53 |
| Shareholders’ Equity Per Share | 4.19 | 3.06 | 2.29 | 1.91 | 2.61 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.10 | -0.11 | 0.24 | 0.20 | 0.03 |
| Revenue Per Share | 6.22 | 4.89 | 3.89 | 2.99 | 2.10 |
| Net Income Per Share | -0.29 | -0.23 | -0.55 | -0.59 | -0.83 |
| Tax Burden | 1.10 | 1.11 | 0.76 | 0.80 | 0.97 |
| Interest Burden | 1.10 | 1.08 | 1.02 | 1.02 | 1.22 |
| Research & Development to Revenue | 0.24 | 0.25 | 0.33 | 0.35 | 0.32 |
| SG&A to Revenue | 0.60 | 0.61 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.21 | 0.20 | 0.21 | 0.21 | 0.14 |
| Income Quality | -6.52 | -4.83 | -1.38 | -0.64 | -0.25 |
Currency in USD
