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Home/NET/Return on equity

Cloudflare, Inc. (NET) Return on equity 2019–2025

Cloudflare, Inc. (NET) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.

-7.0%FY2025 · since FY2019: -14.6% → -7.0%
19202122232425
Fiscal yearValueYoY
FY2025-7.0%+0.5 pp
FY2024-7.5%+16.6 pp
FY2023-24.1%+6.9 pp
FY2022-31.0%+1.1 pp
FY2021-32.1%-17.5 pp
FY2020-14.6%-0.0 pp
FY2019-14.6%—

ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).

Source: SEC XBRL filings · For reference only · Not investment advice

More NET financial trends

NET RevenueNET Net incomeNET Net marginNET Gross profitNET Gross marginNET Operating incomeNET Operating marginNET Operating cash flowNET Free cash flowNET Capital expendituresNET Stock buybacksNET Dividends paidNET Total assetsNET Total liabilitiesNET Shareholders’ equityNET overview →

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