Cloudflare, Inc. Financial Ratios — NET Stock

Profitability (USD)

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	-15.47	-31.89	-26.86	-26.52	-8.71	-8.16
Return on Assets (%)	- -	- -	-37.77	-18.74	-10.8	-13.87	-7.8	-6.88	-2.6	-2.19
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	71.74	78.66	77.4	77.9	76.56	77.59	76.15	76.32	77.32	74.51
EBITDA Margin (%)	-10.23	1.81	-34.25	-27.34	-13.31	-9.3	-10.14	-3.83	-1.62	-0.81
Operating Margin (%)	-20.08	-7.21	-44.06	-37.61	-24.77	-19.45	-20.63	-14.3	-9.27	-9.56
Incremental Operating Margin (%)	- -	14.56	- -	- -	0.82	- -	- -	4.89	8.24	- -
Pretax Margin (%)	-20.36	-7.2	-44.68	-36.48	-28.99	-37.78	-19.56	-13.72	-4.24	-4.28
Profit Margin (%)	-20.44	-7.97	-45.24	-36.87	-27.69	-39.66	-19.83	-14.19	-4.72	-4.72
Net Income to Common Margin (%)	-20.44	-7.97	-45.24	-36.87	-27.69	-39.66	-19.83	-14.19	-4.72	-4.72
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	-15.47	-31.89	-26.86	-26.52	-8.71	-8.16

Credit (USD)

Credit Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	11	11	11	428	1,293	1,577	1,435	1,463	3,518
ST Debt	- -	- -	- -	- -	18	37	33	38	48	1,362
LT Debt	- -	11	10	11	411	1,256	1,544	1,397	1,416	2,156
Total Debt/EBITDA	- -	4.47	-0.16	-0.13	-7.46	-21.17	-15.95	-28.9	-54.11	-201.47
Net Debt/EBITDA	- -	-9.75	0.38	1.77	-4.78	-13.84	-12.46	-24.09	-42.15	-132.96
Total Debt/EBIT	- -	-1.12	-0.13	-0.1	-4.01	-10.13	-7.84	-7.74	-9.45	-16.98
Net Debt/EBIT	- -	2.45	0.29	1.29	-2.57	-6.62	-6.12	-6.45	-7.36	-11.21
EBITDA to Interest Expense	-13.26	2.84	-66.53	-70.56	-2.3	-1.24	-19.84	-8.46	-5.2	-1.99
EBITDA-CapEx/Interest Expense	-41.64	-23.82	-101.65	-122.07	-4.56	-3.13	-48.65	-27.94	-40.82	-38
EBIT to Interest Expense	-26.04	-11.29	-85.58	-97.07	-4.28	-2.59	-40.37	-31.59	-29.78	-23.64
Interest Expense	1	1	1	1	25	49	5	6	5	9
Common Equity/Total Assets	- -	-36.68	-38.04	87.36	59.17	34.39	24.11	27.65	31.69	24.17
Long-Term Debt/Equity (%)	- -	- -	- -	1.45	50.26	153.95	247.42	183.06	135.31	147.77
Long-Term Debt/Capital (%)	- -	-21.61	-10.16	1.43	32.97	59.55	70.14	63.54	56.41	43.32
Long-Term Debt/Total Assets (%)	- -	6.48	3.5	1.26	29.74	52.95	59.65	50.61	42.88	35.72
Total Debt/Equity (%)	- -	-18.26	-9.43	1.45	52.43	158.52	252.75	188.09	139.86	241.13
Total Debt/Capital (%)	- -	-22.33	-10.41	1.43	34.4	61.32	71.65	65.29	58.31	70.69
Total Debt/Total Assets (%)	- -	6.7	3.59	1.26	31.02	54.52	60.94	52	44.32	58.29
Net Debt to Equity	- -	39.83	21.85	-19.15	33.59	103.61	197.45	156.81	108.93	159.13
Net Debt/Capital (%)	- -	32.49	19.4	-23.27	24.15	47.08	61.7	56.67	48.25	57.56
EBITDA	-9	2	-66	-78	-57	-61	-99	-50	-27	-17
EBITDA-CapEx	-27	-21	-101	-136	-114	-154	-242	-164	-212	-333
Operating Income (Loss)	-17	-10	-85	-108	-107	-128	-201	-185	-155	-207

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	2.7	2.62	7.59	7.3	6.31	4.15	2.95	2.34	1.74
Current Ratio	- -	3.39	3.21	8.22	7.99	6.78	4.74	3.5	2.86	1.98
Quick Ratio	- -	3.26	3.05	8.02	7.77	6.67	4.54	3.41	2.76	1.92
CFO/Avg Current Liab	- -	- -	-0.98	-0.54	-0.15	0.3	0.36	0.53	0.56	0.38
Common Equity/Total Assets	- -	-36.68	-38.04	87.36	59.17	34.39	24.11	27.65	31.69	24.17
Long-Term Debt/Equity (%)	- -	- -	- -	1.45	50.26	153.95	247.42	183.06	135.31	147.77
Long-Term Debt/Capital (%)	- -	-21.61	-10.16	1.43	32.97	59.55	70.14	63.54	56.41	43.32
Long-Term Debt/Total Assets (%)	- -	6.48	3.5	1.26	29.74	52.95	59.65	50.61	42.88	35.72
Total Debt/Equity (%)	- -	-18.26	-9.43	1.45	52.43	158.52	252.75	188.09	139.86	241.13
Total Debt/Capital (%)	- -	-22.33	-10.41	1.43	34.4	61.32	71.65	65.29	58.31	70.69
Total Debt/Total Assets (%)	- -	6.7	3.59	1.26	31.02	54.52	60.94	52	44.32	58.29
CFO/Total Liabilities	- -	1.42	-10.51	-37.07	-3.04	4.15	6.29	12.74	16.87	13.18
CFO/CapEx	-0.72	0.14	-1.24	-0.68	-0.3	0.7	0.86	2.22	2.06	1.91
Altman's Z-Score	- -	- -	- -	- -	25.92	17.14	4.94	8.97	10.5	9.76

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	10.52	9.73	8.85	8.25	7.99	6.54	5.91	6.2
Days Sales Outstanding	- -	- -	34.7	37.53	41.22	44.22	45.68	55.85	61.76	58.86
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	23,885	43,036	14,915	28,640	37,793	71,081
- Cash & Cash Equivalents	- -	24	25	139	109	314	204	87	148	944
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	11	11	11	428	1,293	1,577	1,435	1,463	3,518
Enterprise Value	- -	- -	- -	- -	23,281	42,507	14,842	28,402	37,400	70,498
Total Capital	- -	-49	-103	736	1,245	2,109	2,201	2,198	2,509	4,977
Total Debt/Capital (%)	- -	-22.33	-10.41	1.43	34.4	61.32	71.65	65.29	58.31	70.69
Total Debt / EV	- -	- -	- -	- -	0.02	0.03	0.11	0.05	0.04	0.05
EV/Sales	- -	- -	- -	- -	54.01	64.76	15.22	21.9	22.4	32.52
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	23,199	41,534	14,745	28,311	37,416	70,381
Diluted Enterprise Value	- -	- -	- -	- -	22,595	41,006	14,672	28,073	37,023	69,798
EV per Share	- -	- -	- -	- -	75.43	131.35	44.96	84.15	108.45	200.34
TTM Sales	85	135	193	287	431	656	975	1,297	1,670	2,168
TTM EBITDA	-9	2	-66	-78	-57	-61	-99	-50	-27	-17
TTM Operating Income	-17	-10	-85	-108	-107	-128	-201	-185	-155	-207
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	-315.62	-1,465.68	-736.85	202.21	191.49	244.81
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	- -	- -	23,281	42,507	14,842	28,402	37,400	70,498
Low Price	- -	- -	- -	- -	77.39	62.42	38.03	39.04	66.71	96.18
EV/Sales	- -	- -	- -	- -	54.01	64.76	15.22	21.9	22.4	32.52
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	29.24	52.75	23.9	37.53	36.12	48.72
Price/Book Value Average	- -	- -	- -	- -	30.26	44.03	33.24	27.28	28.74	41.72
Price/Book Value High	- -	- -	- -	- -	32.93	84.66	68.98	38.06	38.54	60.54
Price/Book Value Low	- -	- -	- -	- -	29.24	24.76	20.12	17.27	21.99	23.2
Price/Tangible Book Value	- -	- -	- -	- -	29.97	54.41	33.63	48.1	44.82	59.69
Price/Tangible Book Value Average	- -	- -	- -	- -	31.02	45.41	46.77	34.96	35.66	51.13
Price/Tangible Book Value High	- -	- -	- -	- -	33.75	87.31	97.06	48.77	47.81	74.19
Price/Tangible Book Value Low	- -	- -	- -	- -	29.97	25.54	28.31	22.13	27.28	28.42
Price/Sales	- -	- -	- -	- -	53.82	63.27	15.12	21.83	22.41	32.46
Price/Sales Average	- -	- -	- -	- -	55.7	52.81	21.02	15.87	17.83	27.81
Price/Sales High	- -	- -	- -	- -	60.61	101.54	43.63	22.14	23.91	40.35
Price/Sales Low	- -	- -	- -	- -	53.82	29.7	12.73	10.05	13.64	15.46
Price/Cash Flow	- -	- -	- -	- -	-1,354.37	642.47	119.3	111.28	98.35	116.7
Price/Cash Flow Average	- -	- -	- -	- -	-1,401.72	536.25	165.9	80.89	78.26	99.95
Price/Cash Flow High	- -	- -	- -	- -	-1,525.21	1,031.01	344.27	112.83	104.92	145.03
Price/Cash Flow Low	- -	- -	- -	- -	-1,354.37	301.57	100.42	51.2	59.87	55.56
Price/Free Cash Flow Average	- -	- -	- -	- -	-326.65	-1,223.35	-1,024.63	146.98	152.36	209.68
Price/Free Cash Flow High	- -	- -	- -	- -	-355.43	-2,352.07	-2,126.32	205.02	204.28	304.25
Price/Free Cash Flow Low	- -	- -	- -	- -	-315.62	-687.97	-620.23	93.04	116.57	116.56
EV/Sales Average	- -	- -	- -	- -	55.95	53.92	21.19	15.87	17.78	27.81
EV/Sales High	- -	- -	- -	- -	61	104.4	44.06	22.21	23.91	40.48
EV/Sales Low	- -	- -	- -	- -	54.01	29.97	12.8	9.98	13.54	15.34
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	77.39	132.99	45.18	84.85	109.59	202
High Price	- -	- -	- -	- -	87.15	213.41	130.39	86.03	116.91	251.05
Enterprise Value Average	- -	- -	- -	- -	24,116	35,392	20,667	20,579	29,678	60,299
Enterprise Value High	- -	- -	- -	- -	26,294	68,534	42,966	28,800	39,924	87,759
Enterprise Value Low	- -	- -	- -	- -	23,281	19,672	12,481	12,939	22,614	33,262

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	87	293	293	300	309	324	330	338	345	352
Diluted Weighted Avg Shares	237	251	81	146	300	312	326	334	341	348
Basic Weighted Avg Shares	237	251	81	146	300	312	326	334	341	348
Revenue per Share	0.36	0.54	2.38	1.96	1.44	2.1	2.99	3.89	4.89	6.22
EBITDA per Share	-0.04	0.01	-0.81	-0.54	-0.19	-0.2	-0.3	-0.15	-0.08	-0.05
Operating Income per Share	-0.07	-0.04	-1.05	-0.74	-0.36	-0.41	-0.62	-0.56	-0.45	-0.59
Basic EPS, GAAP	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Basic EPS from Cont Ops	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Diluted EPS, GAAP	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Diluted EPS from Cont Ops	-0.07	-0.04	-1.08	-0.72	-0.4	-0.83	-0.59	-0.55	-0.23	-0.29
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.06	0.01	-0.53	-0.27	-0.06	0.21	0.38	0.76	1.11	1.73
Free Cash Flow per Basic Share	-0.13	-0.08	-0.96	-0.66	-0.25	-0.09	-0.06	0.42	0.57	0.83
Cash & Equivalents per Share	- -	0.25	0.55	2.12	3.34	5.63	5	4.96	5.38	11.66
Book Value per Share	- -	-0.2	-0.39	2.42	2.65	2.52	1.89	2.26	3.03	4.15
Tangible Book Value per Share	- -	-0.22	-0.4	2.4	2.58	2.44	1.34	1.76	2.45	3.38